Morrison County
Minnesota · FIPS 27097
According to CFPB HMDA 2024 application volume among U.S. counties, Morrison County ranks #1,456 of 3,223, and #35 of 87 in Minnesota.
Mortgage lending activity in Morrison 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. Morrison County, Minnesota lenders denied 150 of the applications reported here, financing the rest 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Morrison County
In Morrison County, lead originator Magnifi Financial Credit Union funded only 7.7% of 543 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 17.1% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Morrison County's 974 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Morrison County's $208,306 average loan (deduped against volume peers).
Lenders active in Morrison County
Magnifi Financial Credit Union funded 42 of the 543 loans originated in Morrison County, 7.7% of the county. 110 lenders reported activity here.
| # | 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% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Morrison 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 Morrison 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.