Pipestone County
Minnesota · FIPS 27117
According to CFPB HMDA 2024 application volume among U.S. counties, Pipestone County ranks #2,366 of 3,223, and #61 of 87 in Minnesota.
Mortgage lending activity in Pipestone 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. Pipestone County, Minnesota lenders denied 37 of the applications reported here, financing the rest at an average note rate of 6.90%, with applicants self-reporting average annual income of $35K. 43 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 Pipestone County
In Pipestone County, lead originator First Bank & Trust funded 45.1% of 173 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 58.4% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Pipestone County's 301 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Pipestone County's $159,252 average loan (deduped against volume peers).
Lenders active in Pipestone County
First Bank & Trust funded 78 of the 173 loans originated in Pipestone County, 45.1% of the county. 43 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | First Bank & Trust | 78 | 45.1% |
| 2 | First State Bank Southwest | 17 | 9.8% |
| 3 | Compeer Financial | 6 | 3.5% |
| 4 | American Pacific Mortgage Corporation | 5 | 2.9% |
| 5 | Plains Commerce Bank | 5 | 2.9% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Pipestone 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 Pipestone 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.