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Cottonwood County, Minnesota
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 210 mortgage applications in Cottonwood County, Minnesota, for 2024, and originated 123 loans worth $16m.
That is 26.6 originations per 1,000 households, against 48.8 for Minnesota and 48.0 nationally.
The county's denial rate was 21.8%, above the state rate of 16.9%. The median rate spread on originated loans was 0.8 percentage points and 15.6% of originations were 1.5 points or more above the average prime offer rate.
Originations were about level with 2023.
Most active lenders
No lender reaches 25 applications in the county.
Compared with Minnesota and the nation
| Measure | This county | Minnesota | United States |
|---|---|---|---|
| Denial rate | 21.8% | 16.9% | 24.3% |
| Median rate spread, pp | 0.8 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 15.6% | 13.2% | 15.6% |
| Average originated loan | $132k | $269k | $329k |
| Originations per 1,000 households | 26.6 | 48.8 | 48.0 |
| Home purchase share of originations | 66.7% | 60.9% | 57.0% |
| FHA-insured share | 14.6% | 7.9% | 13.4% |
| VA-guaranteed share | 7.3% | 4.6% | 7.9% |
Rate spread distribution
Share of 96 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Minnesota). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 67% (82)Home improvement 4% (5)Refinancing 7% (8)Cash-out refinancing 16% (20)Other purpose 7% (8)
By type
Conventional 76% (93)FHA 15% (18)VA 7% (9)USDA 2% (3)
Trend by year
ApplicationsOriginations
This countyMinnesota
Questions and answers
Which lenders are most active in Cottonwood County, MN?
No lender reaches 25 applications in the county.
What is the mortgage denial rate in Cottonwood County?
21.8% of decided applications were denied in 2024, against 16.9% across Minnesota and 24.3% nationally.
How many mortgages were originated in Cottonwood County in 2024?
123 loans totalling $16m, from 210 applications; 26.6 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 27033; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.