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2024 data HMDA 2024 disclosure official source

Kanabec County

718 mortgage applications, 18.9% denial rate. Verify FIPS 27065 with U.S. Census Bureau →

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Minnesota · FIPS 27065

Local mortgage market. Kanabec County, Minnesota saw 718 HMDA-reported mortgage applications in 2024. Lenders originated 385 of those loans and denied 136, producing a denial rate of 18.9% and an approval (origination) rate of 53.6%. The average loan amount was $174,861 at an average note rate of 7.04%, with applicants self-reporting average annual income of $39K. 109 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.5x, meaning typical borrowers took on mortgages of about 4.5 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.

FIPS 27065 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

718
Applications
385
Originated
18.9%
Denial Rate
53.6%
Approval Rate
$174,861
Avg Loan Amount
7.04%
Avg Interest Rate
$39K
Avg Applicant Income
4.5x
Loan-to-Income Ratio

Nearby Lenders in Kanabec County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Blaze Credit Union 58 15.1%
2 Rocket Mortgage 21 5.5%
3 Neighborhood National Bank 19 4.9%
4 United Wholesale Mortgage 17 4.4%
5 Fairway Independent Mort CORP 15 3.9%
Compare Blaze Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Kanabec County?
In the 2024 HMDA reporting year, 718 mortgage applications were filed in Kanabec County, Minnesota. Of these, 385 were originated (approved and funded), while 136 were denied, resulting in a denial rate of 18.9%.
What is the mortgage denial rate in Kanabec County?
The mortgage denial rate in Kanabec County is 18.9%. The approval (origination) rate is 53.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Kanabec County?
The average mortgage loan amount in Kanabec County is $174,861. The average interest rate is 7.036%. The average applicant income is $39K.
What is the loan-to-income ratio in Kanabec County?
The average loan-to-income ratio in Kanabec County is 4.5x, meaning borrowers took on loans averaging 4.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Kanabec County?
The top mortgage lenders in Kanabec County by origination volume are Blaze Credit Union, Rocket Mortgage, Neighborhood National Bank. In total, 109 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.