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2024 data HMDA 2024 disclosure official source

Nicollet County

850 mortgage applications, 10.7% denial rate. Verify FIPS 27103 with U.S. Census Bureau →

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Minnesota · FIPS 27103

Local mortgage market. Nicollet County, Minnesota saw 850 HMDA-reported mortgage applications in 2024. Lenders originated 575 of those loans and denied 91, producing a denial rate of 10.7% and an approval (origination) rate of 67.6%. The average loan amount was $260,212 at an average note rate of 6.98%, with applicants self-reporting average annual income of $37K. 111 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.0x, meaning typical borrowers took on mortgages of about 7.0 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 27103 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

850
Applications
575
Originated
10.7%
Denial Rate
67.6%
Approval Rate
$260,212
Avg Loan Amount
6.98%
Avg Interest Rate
$37K
Avg Applicant Income
7.0x
Loan-to-Income Ratio

Nearby Lenders in Nicollet 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 United Wholesale Mortgage 87 15.1%
2 SouthPoint Financial Credit Union 28 4.9%
3 Crosscountry Mortgage, LLC 24 4.2%
4 Rocket Mortgage 22 3.8%
5 Community Bank Mankato 22 3.8%
Compare United Wholesale Mortgage vs SouthPoint Financial Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Nicollet County?
In the 2024 HMDA reporting year, 850 mortgage applications were filed in Nicollet County, Minnesota. Of these, 575 were originated (approved and funded), while 91 were denied, resulting in a denial rate of 10.7%.
What is the mortgage denial rate in Nicollet County?
The mortgage denial rate in Nicollet County is 10.7%. The approval (origination) rate is 67.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Nicollet County?
The average mortgage loan amount in Nicollet County is $260,212. The average interest rate is 6.978%. The average applicant income is $37K.
What is the loan-to-income ratio in Nicollet County?
The average loan-to-income ratio in Nicollet County is 7.0x, meaning borrowers took on loans averaging 7.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Nicollet County?
The top mortgage lenders in Nicollet County by origination volume are United Wholesale Mortgage, SouthPoint Financial Credit Union, Crosscountry Mortgage, LLC. In total, 111 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.