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2024 data HMDA 2024 disclosure official source

Stearns County

4,589 mortgage applications, 10.6% denial rate. Verify FIPS 27145 with U.S. Census Bureau →

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Minnesota · FIPS 27145

Local mortgage market. Stearns County, Minnesota saw 4,589 HMDA-reported mortgage applications in 2024. Lenders originated 2,927 of those loans and denied 486, producing a denial rate of 10.6% and an approval (origination) rate of 63.8%. The average loan amount was $208,596 at an average note rate of 6.76%, with applicants self-reporting average annual income of $37K. 202 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.6x, meaning typical borrowers took on mortgages of about 5.6 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 27145 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,589
Applications
2,927
Originated
10.6%
Denial Rate
63.8%
Approval Rate
$208,596
Avg Loan Amount
6.76%
Avg Interest Rate
$37K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in Stearns 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 Magnifi Financial Credit Union 360 12.3%
2 St. Cloud Financial Credit Union 150 5.1%
3 Homeowners Financial Group, LLC 147 5.0%
4 Liberty Bank Minnesota 134 4.6%
5 Rocket Mortgage 109 3.7%
Compare Magnifi Financial Credit Union vs St. Cloud Financial Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Stearns County?
In the 2024 HMDA reporting year, 4,589 mortgage applications were filed in Stearns County, Minnesota. Of these, 2,927 were originated (approved and funded), while 486 were denied, resulting in a denial rate of 10.6%.
What is the mortgage denial rate in Stearns County?
The mortgage denial rate in Stearns County is 10.6%. The approval (origination) rate is 63.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Stearns County?
The average mortgage loan amount in Stearns County is $208,596. The average interest rate is 6.765%. The average applicant income is $37K.
What is the loan-to-income ratio in Stearns County?
The average loan-to-income ratio in Stearns County is 5.6x, meaning borrowers took on loans averaging 5.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Stearns County?
The top mortgage lenders in Stearns County by origination volume are Magnifi Financial Credit Union, St. Cloud Financial Credit Union, Homeowners Financial Group, LLC. In total, 202 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.