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2024 data HMDA 2024 disclosure official source

Steele County

1,052 mortgage applications, 13.4% denial rate. Verify FIPS 27147 with U.S. Census Bureau →

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Minnesota · FIPS 27147

Local mortgage market. Steele County, Minnesota saw 1,052 HMDA-reported mortgage applications in 2024. Lenders originated 606 of those loans and denied 141, producing a denial rate of 13.4% and an approval (origination) rate of 57.6%. The average loan amount was $191,825 at an average note rate of 6.93%, with applicants self-reporting average annual income of $38K. 111 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 27147 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,052
Applications
606
Originated
13.4%
Denial Rate
57.6%
Approval Rate
$191,825
Avg Loan Amount
6.93%
Avg Interest Rate
$38K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Steele 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 Crosscountry Mortgage, LLC 69 11.4%
2 Guaranteed Rate, INC. 42 6.9%
3 Us Bank, N.A. 35 5.8%
4 Rocket Mortgage 35 5.8%
5 United Wholesale Mortgage 32 5.3%
Compare Crosscountry Mortgage, LLC vs Guaranteed Rate, INC. →

Frequently Asked Questions

How many mortgage applications were filed in Steele County?
In the 2024 HMDA reporting year, 1,052 mortgage applications were filed in Steele County, Minnesota. Of these, 606 were originated (approved and funded), while 141 were denied, resulting in a denial rate of 13.4%.
What is the mortgage denial rate in Steele County?
The mortgage denial rate in Steele County is 13.4%. The approval (origination) rate is 57.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Steele County?
The average mortgage loan amount in Steele County is $191,825. The average interest rate is 6.929%. The average applicant income is $38K.
What is the loan-to-income ratio in Steele County?
The average loan-to-income ratio in Steele 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 Steele County?
The top mortgage lenders in Steele County by origination volume are Crosscountry Mortgage, LLC, Guaranteed Rate, INC., Us Bank, N.A.. In total, 111 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.