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2024 data HMDA 2024 disclosure official source

Winona County

1,332 mortgage applications, 8.8% denial rate. Verify FIPS 27169 with U.S. Census Bureau →

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Minnesota · FIPS 27169

Local mortgage market. Winona County, Minnesota saw 1,332 HMDA-reported mortgage applications in 2024. Lenders originated 964 of those loans and denied 117, producing a denial rate of 8.8% and an approval (origination) rate of 72.4%. The average loan amount was $161,306 at an average note rate of 6.69%, with applicants self-reporting average annual income of $35K. 87 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 27169 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,332
Applications
964
Originated
8.8%
Denial Rate
72.4%
Approval Rate
$161,306
Avg Loan Amount
6.69%
Avg Interest Rate
$35K
Avg Applicant Income
4.6x
Loan-to-Income Ratio

Nearby Lenders in Winona 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 Merchants Bank, National Association 389 40.4%
2 Altra Federal Credit Union 163 16.9%
3 Bell Bank 42 4.4%
4 WNB Financial 34 3.5%
5 Fairway Independent Mort CORP 30 3.1%
Compare Merchants Bank, National Association vs Altra Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Winona County?
In the 2024 HMDA reporting year, 1,332 mortgage applications were filed in Winona County, Minnesota. Of these, 964 were originated (approved and funded), while 117 were denied, resulting in a denial rate of 8.8%.
What is the mortgage denial rate in Winona County?
The mortgage denial rate in Winona County is 8.8%. The approval (origination) rate is 72.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Winona County?
The average mortgage loan amount in Winona County is $161,306. The average interest rate is 6.686%. The average applicant income is $35K.
What is the loan-to-income ratio in Winona County?
The average loan-to-income ratio in Winona County is 4.6x, meaning borrowers took on loans averaging 4.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Winona County?
The top mortgage lenders in Winona County by origination volume are Merchants Bank, National Association, Altra Federal Credit Union, Bell Bank. In total, 87 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.