Top Albertville, MN Mortgage Lenders

RankAlbertville Mortgage LenderAlbertville Home Loans ProcessedAlbertville Home Loans ApprovedAlbertville Home Loans DeniedAlbertville Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlbertville Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,801 70%14%
  • 214%
  • (210,000 Loan / $98,000 Income)
  • 221%
  • (272,000 Loan / $123,000 Income)
2Jpmorgan Chase Bank 763 86%12%
  • 238%
  • (210,000 / $88,000)
  • 260%
  • (169,000 / $65,000)
3Us Bank 712 84%8%
  • 241%
  • (123,000 / $51,000)
  • 260%
  • (346,000 / $133,000)
4Citimortgage 535 84%6%
  • 240%
  • (303,000 / $126,000)
  • 269%
  • (151,000 / $56,000)
5Wells Fargo Funding 436 98%0%
  • 237%
  • (114,000 / $48,000)
  • 334%
  • (184,000 / $55,000)
6Bank Of America 418 79%10%
  • 226%
  • (363,000 / $160,000)
  • 247%
  • (260,000 / $105,000)
7Countrywide Bank Fsb 403 69%15%
  • 250%
  • (225,000 / $90,000)
  • 212%
  • (227,000 / $107,000)
8Citibank 323 76%8%
  • 133%
  • (241,000 / $180,000)
  • 125%
  • (78,000 / $62,000)
9The Business Bank 274 89%6%
  • 256%
  • (167,000 / $65,000)
  • 244%
  • (169,000 / $69,000)
10Mortgage Guaranty Insurance Co 246 70%4%
  • 307%
  • (160,000 / $52,000)
  • 255%
  • (230,000 / $90,000)
11Countrywide Home Loans 231 84%11%
  • 250%
  • (150,000 / $60,000)
  • 213%
  • (256,000 / $120,000)
12Bell America Mortgage Llc Dba 205 67%0%
  • 296%
  • (288,000 / $97,000)
  • 586%
  • (223,000 / $38,000)
13United Guaranty Corporation 186 79%5%
  • 267%
  • (225,000 / $84,000)
  • 219%
  • (252,000 / $115,000)
14Great Northern Bank 158 83%7%
  • 101%
  • (126,000 / $124,000)
  • 296%
  • (178,000 / $60,000)
15Phh Home Loans 140 82%5%
  • 268%
  • (199,000 / $74,000)
  • 300%
  • (210,000 / $70,000)
16Genworth Mortgage Insurance Co 139 74%3%
  • 289%
  • (263,000 / $91,000)
  • 146%
  • (157,000 / $107,000)
17Quicken Loans 135 71%22%
  • 268%
  • (156,000 / $58,000)
  • 273%
  • (347,000 / $127,000)
18Radian Guaranty 130 81%0%
  • 286%
  • (312,000 / $109,000)
  • 219%
  • (136,000 / $62,000)
19Republic Mortgage Insurance Co 125 70%7%
  • 298%
  • (239,000 / $80,000)
  • 375%
  • (225,000 / $60,000)
20Dhi Mortgage Company Limited 122 81%7%
  • 293%
  • (132,000 / $45,000)
  • 341%
  • (270,000 / $79,000)

Albertville, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 14,470
  2. Loan Applications Denied: 2,058
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 10,132
  5. % of Loan Applications Originated 70

Albertville, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio6
Credit history5
Credit application incomplete3
Unverifiable information2

Albertville, 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 - $100,0002,271 6716
$100,000 - $300,00010,913 7012
$300,000 - $500,0001,261 5720
$500,000 - $1,000,00024 4545
> $2,000,0001 0100

Albertville, 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 - $100,00010,075 7014
$100,000 - $300,0004,289 6814
$300,000 - $500,00065 5618
$500,000 - $1,000,00032 4334
$1,000,000 - $1,500,0007 420
> $2,000,0002 500

Loan to Income Ratios Research for Mortgage in Albertville, 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%45756 25
30 - 60%66865 18
60 - 100%80969 13
100 - 200%3,42872 11
200 - 300%4,50671 12
300 - 400%2,91869 13
> 400%1,68461 21

Albertville, 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 Dwelling13,847 7014
Not Owner-Occupied As A Principal Dwelling578 6218
Not Applicable6 830

Home Owner Property Type Statistics in Albertville, 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)13,482 6914
One To Four-Family972 754
Manufactured Housing16 675
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