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2024 data HMDA 2024 disclosure official source

Washington County

10,999 mortgage applications, 12.2% denial rate. Verify FIPS 27163 with U.S. Census Bureau →

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Minnesota · FIPS 27163

Local mortgage market. Washington County, Minnesota saw 10,999 HMDA-reported mortgage applications in 2024. Lenders originated 6,606 of those loans and denied 1,345, producing a denial rate of 12.2% and an approval (origination) rate of 60.1%. The average loan amount was $300,006 at an average note rate of 6.93%, with applicants self-reporting average annual income of $37K. 312 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 8.1x, meaning typical borrowers took on mortgages of about 8.1 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 27163 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

10,999
Applications
6,606
Originated
12.2%
Denial Rate
60.1%
Approval Rate
$300,006
Avg Loan Amount
6.93%
Avg Interest Rate
$37K
Avg Applicant Income
8.1x
Loan-to-Income Ratio

Nearby Lenders in Washington 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 469 7.1%
2 United Wholesale Mortgage 307 4.6%
3 Lennar Mortgage, LLC 289 4.4%
4 Us Bank, N.A. 270 4.1%
5 Rocket Mortgage 235 3.6%
Compare Bell Bank vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Washington County?
In the 2024 HMDA reporting year, 10,999 mortgage applications were filed in Washington County, Minnesota. Of these, 6,606 were originated (approved and funded), while 1,345 were denied, resulting in a denial rate of 12.2%.
What is the mortgage denial rate in Washington County?
The mortgage denial rate in Washington County is 12.2%. The approval (origination) rate is 60.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Washington County?
The average mortgage loan amount in Washington County is $300,006. The average interest rate is 6.935%. The average applicant income is $37K.
What is the loan-to-income ratio in Washington County?
The average loan-to-income ratio in Washington County is 8.1x, meaning borrowers took on loans averaging 8.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Washington County?
The top mortgage lenders in Washington County by origination volume are Bell Bank, United Wholesale Mortgage, Lennar Mortgage, LLC. In total, 312 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.