Top Alba, MN Mortgage Lenders

RankAlba Mortgage LenderAlba Home Loans ProcessedAlba Home Loans ApprovedAlba Home Loans DeniedAlba Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlba Mortgage Median LTR for Denied Loans
1Agstar Financial Services 31 61%6%
  • 98%
  • (62,000 Loan / $63,000 Income)
  • 812%
  • (325,000 Loan / $40,000 Income)
2Wells Fargo Bank 28 60%21%
  • 182%
  • (164,000 / $90,000)
  • 117%
  • (46,000 / $39,000)
3Jpmorgan Chase Bank 17 82%17%
  • 277%
  • (75,000 / $27,000)
  • 107%
  • (43,000 / $40,000)
4Citifinancial Services Inc 15 40%40%
  • 145%
  • (48,000 / $33,000)
  • 119%
  • (55,000 / $46,000)
5United Prairie Bank 13 61%15%
  • 161%
  • (50,000 / $31,000)
  • 236%
  • (71,000 / $30,000)
6Genworth Mortgage Insurance Co 10 50%0%
  • 210%
  • (192,000 / $91,000)
0
7Beneficial Company Llc 10 0%70% 0
  • 139%
  • (71,000 / $51,000)
8Bank Of The West 10 90%10%
  • 118%
  • (150,000 / $127,000)
  • 45%
  • (10,000 / $22,000)
9Bank Of America 10 70%20%
  • 187%
  • (45,000 / $24,000)
  • 189%
  • (70,000 / $37,000)
10Countrywide Bank Fsb 7 85%14%
  • 243%
  • (100,000 / $41,000)
  • 119%
  • (110,000 / $92,000)
11Pmi Mortgage Insurance Co. 5 80%0%
  • 138%
  • (61,000 / $44,000)
0
12Embrace Home Loans, 5 20%0%
  • 317%
  • (108,000 / $34,000)
0
13Mortgage Guaranty Insurance Co 4 75%25%
  • 270%
  • (162,000 / $60,000)
  • 162%
  • (135,000 / $83,000)
14Merchants Bank 4 100%0%
  • 56%
  • (120,000 / $212,000)
0
15Quicken Loans 3 66%0%
  • 240%
  • (77,000 / $32,000)
0
16Hfc Company Llc 3 33%66%
  • 184%
  • (70,000 / $38,000)
  • 130%
  • (78,000 / $60,000)
17Fairway Independent Mort. Corp 3 66%33%
  • 124%
  • (46,000 / $37,000)
  • 462%
  • (125,000 / $27,000)
18Us Bk Na Nd 2 50%50%
  • 195%
  • (41,000 / $21,000)
  • 45%
  • (52,000 / $115,000)
19United Guaranty Corporation 2 50%50%
  • 90%
  • (47,000 / $52,000)
  • 202%
  • (89,000 / $44,000)
20State Farm Bank 2 50%0%
  • 102%
  • (44,000 / $43,000)
0

Alba, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 237
  2. Loan Applications Denied: 51
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 138
  5. % of Loan Applications Originated 58

Alba, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history9
Collateral8
Debt-to-income ratio4
Credit application incomplete4
Unverifiable information2

Alba, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000167 5722
$100,000 - $300,00067 5817
$300,000 - $500,0002 050
$500,000 - $1,000,0001 1000

Alba, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000207 5821
$100,000 - $300,00028 5021
$300,000 - $500,0001 00
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Alba, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%966 33
30 - 60%2254 18
60 - 100%3862 23
100 - 200%9552 21
200 - 300%5265 17
300 - 400%1163 9
> 400%1050 50

Alba, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling226 5822
Not Owner-Occupied As A Principal Dwelling9 660
Not Applicable2 00

Home Owner Property Type Statistics in Alba, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)210 5723
One To Four-Family23 658
Manufactured Housing4 750
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