Goodhue County
Minnesota · FIPS 27049
According to CFPB HMDA 2024 application volume among U.S. counties, Goodhue County ranks #1,214 of 3,223, and #21 of 87 in Minnesota.
Mortgage lending activity in Goodhue County, Minnesota based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Goodhue County, Minnesota lenders denied 170 of the applications reported here, financing the rest at an average note rate of 6.91%, with applicants self-reporting average annual income of $37K. 129 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 6.0x, meaning typical borrowers took on mortgages of about 6.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Goodhue County
In Goodhue County, lead originator Merchants Bank, National Association funded only 10.1% of 828 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 25.0% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Goodhue County's 1,340 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Goodhue County's $220,687 average loan (deduped against volume peers).
Lenders active in Goodhue County
Merchants Bank, National Association funded 84 of the 828 loans originated in Goodhue County, 10.1% of the county. 129 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Merchants Bank, National Association | 84 | 10.1% |
| 2 | Bell Bank | 71 | 8.6% |
| 3 | United Wholesale Mortgage | 52 | 6.3% |
| 4 | Rocket Mortgage | 44 | 5.3% |
| 5 | Frandsen Bank & Trust | 43 | 5.2% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Goodhue County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Goodhue County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.