St. Louis County
Minnesota · FIPS 27137
According to CFPB HMDA 2024 application volume among U.S. counties, St. Louis County ranks #444 of 3,223, and #7 of 87 in Minnesota.
Mortgage lending activity in St. Louis 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. St. Louis County, Minnesota lenders denied 793 of the applications reported here, financing the rest at an average note rate of 7.05%, with applicants self-reporting average annual income of $36K. 244 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.5x, meaning typical borrowers took on mortgages of about 5.5 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 St. Louis County
In St. Louis County, lead originator North Shore Bank of Commerce funded 11.3% of 3,658 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 21.2% 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 St. Louis County's 6,056 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to St. Louis County's $197,602 average loan (deduped against volume peers).
Lenders active in St. Louis County
North Shore Bank of Commerce funded 415 of the 3,658 loans originated in St. Louis County, 11.3% of the county. 244 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | North Shore Bank of Commerce | 415 | 11.3% |
| 2 | Us Bank, N.A. | 191 | 5.2% |
| 3 | Rocket Mortgage | 169 | 4.6% |
| 4 | Fairway Independent Mort CORP | 167 | 4.6% |
| 5 | Bell Bank | 159 | 4.3% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For St. Louis 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 St. Louis 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.