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2024 data HMDA 2024 disclosure official source

Mille Lacs County

1,201 mortgage applications, 16.6% denial rate. Verify FIPS 27095 with U.S. Census Bureau →

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Minnesota · FIPS 27095

Local mortgage market. Mille Lacs County, Minnesota saw 1,201 HMDA-reported mortgage applications in 2024. Lenders originated 689 of those loans and denied 200, producing a denial rate of 16.6% and an approval (origination) rate of 57.4%. The average loan amount was $193,626 at an average note rate of 6.98%, with applicants self-reporting average annual income of $38K. 133 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.1x, meaning typical borrowers took on mortgages of about 5.1 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 27095 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,201
Applications
689
Originated
16.6%
Denial Rate
57.4%
Approval Rate
$193,626
Avg Loan Amount
6.98%
Avg Interest Rate
$38K
Avg Applicant Income
5.1x
Loan-to-Income Ratio

Nearby Lenders in Mille Lacs 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 98 14.2%
2 Crosscountry Mortgage, LLC 46 6.7%
3 The First National Bank of Milaca 37 5.4%
4 Rocket Mortgage 29 4.2%
5 United Wholesale Mortgage 25 3.6%
Compare Blaze Credit Union vs Crosscountry Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Mille Lacs County?
In the 2024 HMDA reporting year, 1,201 mortgage applications were filed in Mille Lacs County, Minnesota. Of these, 689 were originated (approved and funded), while 200 were denied, resulting in a denial rate of 16.6%.
What is the mortgage denial rate in Mille Lacs County?
The mortgage denial rate in Mille Lacs County is 16.6%. The approval (origination) rate is 57.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mille Lacs County?
The average mortgage loan amount in Mille Lacs County is $193,626. The average interest rate is 6.981%. The average applicant income is $38K.
What is the loan-to-income ratio in Mille Lacs County?
The average loan-to-income ratio in Mille Lacs County is 5.1x, meaning borrowers took on loans averaging 5.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mille Lacs County?
The top mortgage lenders in Mille Lacs County by origination volume are Blaze Credit Union, Crosscountry Mortgage, LLC, The First National Bank of Milaca. In total, 133 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.