Traverse County
Minnesota · FIPS 27155
According to CFPB HMDA 2024 application volume among U.S. counties, Traverse County ranks #2,959 of 3,223, and #86 of 87 in Minnesota.
Mortgage lending activity in Traverse 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. Traverse County, Minnesota lenders denied 9 of the applications reported here, financing the rest at an average note rate of 6.81%, with applicants self-reporting average annual income of $35K. 28 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.0x, meaning typical borrowers took on mortgages of about 4.0 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Traverse County
In Traverse County, lead originator Star Bank funded 15.6% of 45 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 35.6% 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 Traverse County's 73 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Traverse County's $138,699 average loan (deduped against volume peers).
Lenders active in Traverse County
Star Bank funded 7 of the 45 loans originated in Traverse County, 15.6% of the county. 28 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Star Bank | 7 | 15.6% |
| 2 | Rocket Mortgage | 5 | 11.1% |
| 3 | Gate City Bank | 4 | 8.9% |
| 4 | First Western Bank & Trust | 3 | 6.7% |
| 5 | AgCountry Farm Credit Services, FLCA | 2 | 4.4% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Traverse 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 Traverse 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.