Otter Tail County
Minnesota · FIPS 27111
According to CFPB HMDA 2024 application volume among U.S. counties, Otter Tail County ranks #962 of 3,210, and #17 of 87 in Minnesota.
Mortgage lending activity in Otter Tail 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. Otter Tail County, Minnesota saw 1,892 HMDA-reported mortgage applications in 2024. Lenders originated 1,198 of those loans and denied 204, producing a denial rate of 10.8% and an approval (origination) rate of 63.3%. The average loan amount was $221,226 at an average note rate of 7.05%, with applicants self-reporting average annual income of $36K. 155 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 6.1x, meaning typical borrowers took on mortgages of about 6.1 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Otter Tail County
In Otter Tail County, lead originator Bell Bank funded 12.5% of 1,198 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 31.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Otter Tail County's 1,892 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Otter Tail County's $221,226 average loan (deduped against volume peers).
Lenders active in Otter Tail County
Bell Bank funded 150 of the 1,198 loans originated in Otter Tail County, 12.5% of the county. 155 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Bell Bank | 150 | 12.5% |
| 2 | Gate City Bank | 122 | 10.2% |
| 3 | United Wholesale Mortgage | 99 | 8.3% |
| 4 | Affinity Plus Federal Credit Union | 89 | 7.4% |
| 5 | Bremer Bank NA | 56 | 4.7% |
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; does not constitute financial advice for Otter Tail County borrowers.
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 Otter Tail County 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. 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.