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2024 data HMDA 2024 disclosure official source

Ramsey County

15,223 mortgage applications, 12.8% denial rate. Verify FIPS 27123 with U.S. Census Bureau →

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Minnesota · FIPS 27123

Local mortgage market. Ramsey County, Minnesota saw 15,223 HMDA-reported mortgage applications in 2024. Lenders originated 8,949 of those loans and denied 1,944, producing a denial rate of 12.8% and an approval (origination) rate of 58.8%. The average loan amount was $251,047 at an average note rate of 6.74%, with applicants self-reporting average annual income of $38K. 352 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.6x, meaning typical borrowers took on mortgages of about 6.6 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.

FIPS 27123 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

15,223
Applications
8,949
Originated
12.8%
Denial Rate
58.8%
Approval Rate
$251,047
Avg Loan Amount
6.74%
Avg Interest Rate
$38K
Avg Applicant Income
6.6x
Loan-to-Income Ratio

Nearby Lenders in Ramsey 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 Bell Bank 691 7.7%
2 United Wholesale Mortgage 427 4.8%
3 Trustone Financial Credit Union 406 4.5%
4 Affinity Plus Federal Credit Union 368 4.1%
5 Rocket Mortgage 358 4.0%
Compare Bell Bank vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Ramsey County?
In the 2024 HMDA reporting year, 15,223 mortgage applications were filed in Ramsey County, Minnesota. Of these, 8,949 were originated (approved and funded), while 1,944 were denied, resulting in a denial rate of 12.8%.
What is the mortgage denial rate in Ramsey County?
The mortgage denial rate in Ramsey County is 12.8%. The approval (origination) rate is 58.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Ramsey County?
The average mortgage loan amount in Ramsey County is $251,047. The average interest rate is 6.740%. The average applicant income is $38K.
What is the loan-to-income ratio in Ramsey County?
The average loan-to-income ratio in Ramsey County is 6.6x, meaning borrowers took on loans averaging 6.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Ramsey County?
The top mortgage lenders in Ramsey County by origination volume are Bell Bank, United Wholesale Mortgage, Trustone Financial Credit Union. In total, 352 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.