Top Alexandria, MN Mortgage Lenders

RankAlexandria Mortgage LenderAlexandria Home Loans ProcessedAlexandria Home Loans ApprovedAlexandria Home Loans DeniedAlexandria Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlexandria Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 4,094 64%14%
  • 213%
  • (126,000 Loan / $59,000 Income)
  • 201%
  • (240,000 Loan / $119,000 Income)
2Jpmorgan Chase Bank 1,265 83%13%
  • 258%
  • (80,000 / $31,000)
  • 231%
  • (160,000 / $69,000)
3Affinity Plus Federal Credit U 1,077 61%8%
  • 132%
  • (125,000 / $94,000)
  • 248%
  • (159,000 / $64,000)
4Countrywide Bank Fsb 976 72%17%
  • 224%
  • (175,000 / $78,000)
  • 283%
  • (136,000 / $48,000)
5Citimortgage 938 87%5%
  • 250%
  • (60,000 / $24,000)
  • 274%
  • (170,000 / $62,000)
6Us Bank 846 76%14%
  • 241%
  • (87,000 / $36,000)
  • 254%
  • (417,000 / $164,000)
7State Bank & Trust 836 77%8%
  • 115%
  • (190,000 / $164,000)
  • 220%
  • (289,000 / $131,000)
8Countrywide Home Loans 573 82%11%
  • 254%
  • (272,000 / $107,000)
  • 222%
  • (89,000 / $40,000)
9Bremer Bank Na (Fargo) 490 77%8%
  • 139%
  • (67,000 / $48,000)
  • 110%
  • (165,000 / $150,000)
10Mortgage Guaranty Insurance Co 481 70%7%
  • 246%
  • (160,000 / $65,000)
  • 250%
  • (145,000 / $58,000)
11Bank Of America 474 72%17%
  • 260%
  • (182,000 / $70,000)
  • 226%
  • (145,000 / $64,000)
12Beneficial Company Llc 433 4%78%
  • 170%
  • (181,000 / $106,000)
  • 227%
  • (209,000 / $92,000)
13Us Bank North Dakota 327 33%40%
  • 148%
  • (135,000 / $91,000)
  • 180%
  • (74,000 / $41,000)
14Citibank 270 77%13%
  • 66%
  • (66,000 / $99,000)
  • 74%
  • (44,000 / $59,000)
15Genworth Mortgage Insurance Co 265 67%3%
  • 276%
  • (141,000 / $51,000)
  • 469%
  • (202,000 / $43,000)
16Wells Fargo Funding 249 98%1%
  • 265%
  • (417,000 / $157,000)
  • 207%
  • (236,000 / $114,000)
17Wells Fargo Fin'l Minnesota 237 14%50%
  • 244%
  • (66,000 / $27,000)
  • 200%
  • (60,000 / $30,000)
18United Guaranty Corporation 231 74%5%
  • 244%
  • (159,000 / $65,000)
  • 350%
  • (140,000 / $40,000)
19Embrace Home Loans, 206 11%44%
  • 242%
  • (131,000 / $54,000)
  • 272%
  • (49,000 / $18,000)
20Citifinancial Services Inc 203 32%45%
  • 200%
  • (76,000 / $38,000)
  • 91%
  • (21,000 / $23,000)

Alexandria, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 24,310
  2. Loan Applications Denied: 4,278
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 15,691
  5. % of Loan Applications Originated 64

Alexandria, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history9
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Alexandria, 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 - $100,0007,991 6219
$100,000 - $300,00014,379 6417
$300,000 - $500,0001,772 6814
$500,000 - $1,000,000152 5127
$1,000,000 - $1,500,0008 5050
$1,500,000 - $2,000,0007 1414
> $2,000,0001 1000

Alexandria, 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 - $100,00019,320 6219
$100,000 - $300,0004,439 7012
$300,000 - $500,000388 778
$500,000 - $1,000,000125 7511
$1,000,000 - $1,500,00024 7012
$1,500,000 - $2,000,0005 6040
> $2,000,0009 7711

Loan to Income Ratios Research for Mortgage in Alexandria, 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%1,07264 20
30 - 60%1,45364 17
60 - 100%1,97665 17
100 - 200%6,32168 14
200 - 300%6,71365 15
300 - 400%4,01463 17
> 400%2,76149 28

Alexandria, 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 Dwelling21,140 6318
Not Owner-Occupied As A Principal Dwelling2,991 7511
Not Applicable35 5128

Home Owner Property Type Statistics in Alexandria, 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)21,970 6418
One To Four-Family1,657 754
Manufactured Housing683 4933
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