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2024 data HMDA 2024 disclosure official source

Kandiyohi County

1,027 mortgage applications, 9.6% denial rate. Verify FIPS 27067 with U.S. Census Bureau →

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Minnesota · FIPS 27067

Local mortgage market. Kandiyohi County, Minnesota saw 1,027 HMDA-reported mortgage applications in 2024. Lenders originated 632 of those loans and denied 99, producing a denial rate of 9.6% and an approval (origination) rate of 61.5%. The average loan amount was $208,457 at an average note rate of 6.84%, with applicants self-reporting average annual income of $36K. 116 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.8x, meaning typical borrowers took on mortgages of about 5.8 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 27067 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,027
Applications
632
Originated
9.6%
Denial Rate
61.5%
Approval Rate
$208,457
Avg Loan Amount
6.84%
Avg Interest Rate
$36K
Avg Applicant Income
5.8x
Loan-to-Income Ratio

Nearby Lenders in Kandiyohi 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 Bremer Bank NA 77 12.2%
2 Homeowners Financial Group, LLC 42 6.6%
3 Magnifi Financial Credit Union 39 6.2%
4 Heritage Bank NA 38 6.0%
5 United Wholesale Mortgage 38 6.0%
Compare Bremer Bank NA vs Homeowners Financial Group, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Kandiyohi County?
In the 2024 HMDA reporting year, 1,027 mortgage applications were filed in Kandiyohi County, Minnesota. Of these, 632 were originated (approved and funded), while 99 were denied, resulting in a denial rate of 9.6%.
What is the mortgage denial rate in Kandiyohi County?
The mortgage denial rate in Kandiyohi County is 9.6%. The approval (origination) rate is 61.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Kandiyohi County?
The average mortgage loan amount in Kandiyohi County is $208,457. The average interest rate is 6.838%. The average applicant income is $36K.
What is the loan-to-income ratio in Kandiyohi County?
The average loan-to-income ratio in Kandiyohi County is 5.8x, meaning borrowers took on loans averaging 5.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Kandiyohi County?
The top mortgage lenders in Kandiyohi County by origination volume are Bremer Bank NA, Homeowners Financial Group, LLC, Magnifi Financial Credit Union. In total, 116 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.