Top Alberta, MN Mortgage Lenders

RankAlberta Mortgage LenderAlberta Home Loans ProcessedAlberta Home Loans ApprovedAlberta Home Loans DeniedAlberta Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlberta Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 391 61%21%
  • 235%
  • (158,000 Loan / $67,000 Income)
  • 205%
  • (72,000 Loan / $35,000 Income)
2Liberty Savings Bank Fsb 216 85%10%
  • 238%
  • (174,000 / $73,000)
  • 308%
  • (173,000 / $56,000)
3Frandsen Bank & Trust 162 70%21%
  • 137%
  • (136,000 / $99,000)
  • 204%
  • (133,000 / $65,000)
4Bremer Bank Na (St Cloud) 124 81%4%
  • 247%
  • (228,000 / $92,000)
  • 225%
  • (36,000 / $16,000)
5Jpmorgan Chase Bank 119 81%15%
  • 269%
  • (148,000 / $55,000)
  • 231%
  • (51,000 / $22,000)
6Agstar Financial Services 117 65%8%
  • 248%
  • (62,000 / $25,000)
  • 318%
  • (140,000 / $44,000)
7Falcon National Bank 101 51%31%
  • 45%
  • (33,000 / $73,000)
  • 195%
  • (80,000 / $41,000)
8Us Bank 85 67%14%
  • 258%
  • (186,000 / $72,000)
  • 286%
  • (109,000 / $38,000)
9Citimortgage 77 61%18%
  • 369%
  • (155,000 / $42,000)
  • 286%
  • (192,000 / $67,000)
10Beneficial Company Llc 73 2%82%
  • 276%
  • (180,000 / $65,000)
  • 272%
  • (180,000 / $66,000)
11Great River Federal Cu 66 42%33%
  • 100%
  • (39,000 / $39,000)
  • 155%
  • (76,000 / $49,000)
12Bank Of America 52 73%11%
  • 226%
  • (136,000 / $60,000)
  • 314%
  • (308,000 / $98,000)
13First National Bank Of Milaca 50 80%20%
  • 169%
  • (66,000 / $39,000)
  • 388%
  • (140,000 / $36,000)
14Countrywide Bank Fsb 44 61%22%
  • 251%
  • (103,000 / $41,000)
  • 262%
  • (205,000 / $78,000)
15Phh Mortgage Corporation 42 85%4%
  • 208%
  • (71,000 / $34,000)
  • 224%
  • (211,000 / $94,000)
16Affinity Plus Federal Credit U 42 59%7%
  • 168%
  • (158,000 / $94,000)
  • 236%
  • (90,000 / $38,000)
17Mortgage Guaranty Insurance Co 41 68%7%
  • 276%
  • (105,000 / $38,000)
  • 187%
  • (161,000 / $86,000)
18Citibank 37 67%21%
  • 286%
  • (169,000 / $59,000)
  • 135%
  • (119,000 / $88,000)
19Us Bk Na Nd 33 33%51%
  • 200%
  • (112,000 / $56,000)
  • 140%
  • (63,000 / $45,000)
20Us Bank North Dakota 31 35%41%
  • 135%
  • (125,000 / $92,000)
  • 186%
  • (168,000 / $90,000)

Alberta, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,068
  2. Loan Applications Denied: 684
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 1,853
  5. % of Loan Applications Originated 60

Alberta, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral15
Debt-to-income ratio12
Credit application incomplete3
Unverifiable information2

Alberta, 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 - $100,000902 6124
$100,000 - $300,0002,028 5821
$300,000 - $500,000130 6416
$500,000 - $1,000,0007 710
$1,000,000 - $1,500,0001 1000

Alberta, 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 - $100,0002,636 5823
$100,000 - $300,000411 6715
$300,000 - $500,0008 750
$500,000 - $1,000,0006 5016
$1,000,000 - $1,500,0004 500
$1,500,000 - $2,000,0001 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Alberta, 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%13161 24
30 - 60%15863 20
60 - 100%19663 20
100 - 200%69063 18
200 - 300%93662 22
300 - 400%60255 22
> 400%35551 29

Alberta, 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 Dwelling2,978 6022
Not Owner-Occupied As A Principal Dwelling86 6517
Not Applicable3 1000

Home Owner Property Type Statistics in Alberta, 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)2,823 6022
One To Four-Family139 695
Manufactured Housing106 5133
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