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2024 data HMDA 2024 disclosure official source

Mower County

1,222 mortgage applications, 13.1% denial rate. Verify FIPS 27099 with U.S. Census Bureau →

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Minnesota · FIPS 27099

Local mortgage market. Mower County, Minnesota saw 1,222 HMDA-reported mortgage applications in 2024. Lenders originated 692 of those loans and denied 160, producing a denial rate of 13.1% and an approval (origination) rate of 56.6%. The average loan amount was $154,124 at an average note rate of 6.74%, with applicants self-reporting average annual income of $37K. 102 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.2x, meaning typical borrowers took on mortgages of about 4.2 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 27099 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,222
Applications
692
Originated
13.1%
Denial Rate
56.6%
Approval Rate
$154,124
Avg Loan Amount
6.74%
Avg Interest Rate
$37K
Avg Applicant Income
4.2x
Loan-to-Income Ratio

Nearby Lenders in Mower 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 Fairway Independent Mort CORP 143 20.7%
2 Alerus Financial NA 61 8.8%
3 Bell Bank 35 5.1%
4 Rocket Mortgage 30 4.3%
5 Land Home Financial Services, 28 4.0%
Compare Fairway Independent Mort CORP vs Alerus Financial NA →

Frequently Asked Questions

How many mortgage applications were filed in Mower County?
In the 2024 HMDA reporting year, 1,222 mortgage applications were filed in Mower County, Minnesota. Of these, 692 were originated (approved and funded), while 160 were denied, resulting in a denial rate of 13.1%.
What is the mortgage denial rate in Mower County?
The mortgage denial rate in Mower County is 13.1%. The approval (origination) rate is 56.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mower County?
The average mortgage loan amount in Mower County is $154,124. The average interest rate is 6.738%. The average applicant income is $37K.
What is the loan-to-income ratio in Mower County?
The average loan-to-income ratio in Mower County is 4.2x, meaning borrowers took on loans averaging 4.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mower County?
The top mortgage lenders in Mower County by origination volume are Fairway Independent Mort CORP, Alerus Financial NA, Bell Bank. In total, 102 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.