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2024 data HMDA 2024 disclosure official source

Morrison County

974 mortgage applications, 15.4% denial rate. Verify FIPS 27097 with U.S. Census Bureau →

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Minnesota · FIPS 27097

Local mortgage market. Morrison County, Minnesota saw 974 HMDA-reported mortgage applications in 2024. Lenders originated 543 of those loans and denied 150, producing a denial rate of 15.4% and an approval (origination) rate of 55.7%. The average loan amount was $208,306 at an average note rate of 6.88%, with applicants self-reporting average annual income of $37K. 110 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.6x, meaning typical borrowers took on mortgages of about 5.6 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 27097 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

974
Applications
543
Originated
15.4%
Denial Rate
55.7%
Approval Rate
$208,306
Avg Loan Amount
6.88%
Avg Interest Rate
$37K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in Morrison 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 Magnifi Financial Credit Union 42 7.7%
2 Us Bank, N.A. 29 5.3%
3 New American Funding, LLC. 22 4.1%
4 United Wholesale Mortgage 22 4.1%
5 Fairway Independent Mort CORP 22 4.1%
Compare Magnifi Financial Credit Union vs Us Bank, N.A. →

Frequently Asked Questions

How many mortgage applications were filed in Morrison County?
In the 2024 HMDA reporting year, 974 mortgage applications were filed in Morrison County, Minnesota. Of these, 543 were originated (approved and funded), while 150 were denied, resulting in a denial rate of 15.4%.
What is the mortgage denial rate in Morrison County?
The mortgage denial rate in Morrison County is 15.4%. The approval (origination) rate is 55.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Morrison County?
The average mortgage loan amount in Morrison County is $208,306. The average interest rate is 6.885%. The average applicant income is $37K.
What is the loan-to-income ratio in Morrison County?
The average loan-to-income ratio in Morrison County is 5.6x, meaning borrowers took on loans averaging 5.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Morrison County?
The top mortgage lenders in Morrison County by origination volume are Magnifi Financial Credit Union, Us Bank, N.A., New American Funding, LLC.. In total, 110 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.