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2024 data HMDA 2024 disclosure official source

Pine County

1,226 mortgage applications, 15.5% denial rate. Verify FIPS 27115 with U.S. Census Bureau →

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Minnesota · FIPS 27115

Local mortgage market. Pine County, Minnesota saw 1,226 HMDA-reported mortgage applications in 2024. Lenders originated 667 of those loans and denied 190, producing a denial rate of 15.5% and an approval (origination) rate of 54.4%. The average loan amount was $189,413 at an average note rate of 7.24%, with applicants self-reporting average annual income of $38K. 133 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 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 27115 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,226
Applications
667
Originated
15.5%
Denial Rate
54.4%
Approval Rate
$189,413
Avg Loan Amount
7.24%
Avg Interest Rate
$38K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Pine 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 Northview Bank 54 8.1%
2 Members Cooperative Credit Union 54 8.1%
3 Blaze Credit Union 43 6.4%
4 Frandsen Bank & Trust 31 4.6%
5 Rocket Mortgage 27 4.0%
Compare Northview Bank vs Members Cooperative Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Pine County?
In the 2024 HMDA reporting year, 1,226 mortgage applications were filed in Pine County, Minnesota. Of these, 667 were originated (approved and funded), while 190 were denied, resulting in a denial rate of 15.5%.
What is the mortgage denial rate in Pine County?
The mortgage denial rate in Pine County is 15.5%. The approval (origination) rate is 54.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Pine County?
The average mortgage loan amount in Pine County is $189,413. The average interest rate is 7.242%. The average applicant income is $38K.
What is the loan-to-income ratio in Pine County?
The average loan-to-income ratio in Pine County is 5.0x, meaning borrowers took on loans averaging 5.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Pine County?
The top mortgage lenders in Pine County by origination volume are Northview Bank, Members Cooperative Credit Union, Blaze Credit Union. In total, 133 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.