Top Alliance, MN Mortgage Lenders

RankAlliance Mortgage LenderAlliance Home Loans ProcessedAlliance Home Loans ApprovedAlliance Home Loans DeniedAlliance Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlliance Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 599 74%10%
  • 197%
  • (176,000 Loan / $89,000 Income)
  • 164%
  • (186,000 Loan / $113,000 Income)
2State Bank & Trust 380 78%12%
  • 155%
  • (92,000 / $59,000)
  • 175%
  • (149,000 / $85,000)
3Gate City Bank 313 76%8%
  • 185%
  • (197,000 / $106,000)
  • 89%
  • (43,000 / $48,000)
4Us Bank 136 79%12%
  • 214%
  • (148,000 / $69,000)
  • 262%
  • (168,000 / $64,000)
5Jpmorgan Chase Bank 126 88%8%
  • 220%
  • (132,000 / $60,000)
  • 186%
  • (175,000 / $94,000)
6Bremer Bank Na (Fargo) 126 79%2%
  • 170%
  • (159,000 / $93,000)
  • 270%
  • (154,000 / $57,000)
7Town And Country Credit Union 97 89%0%
  • 158%
  • (205,000 / $129,000)
0
8Affinity Plus Federal Credit U 96 76%2%
  • 148%
  • (188,000 / $127,000)
  • 190%
  • (154,000 / $81,000)
9Citimortgage 91 86%2%
  • 332%
  • (166,000 / $50,000)
  • 284%
  • (94,000 / $33,000)
10Northwestern Bank 90 82%10%
  • 155%
  • (42,000 / $27,000)
  • 128%
  • (64,000 / $50,000)
11Cornerstone Bank 86 82%3%
  • 225%
  • (219,000 / $97,000)
  • 291%
  • (175,000 / $60,000)
12Mortgage Guaranty Insurance Co 84 88%1%
  • 223%
  • (223,000 / $100,000)
  • 129%
  • (129,000 / $100,000)
13First International Bank & Tru 67 62%10%
  • 201%
  • (145,000 / $72,000)
  • 246%
  • (165,000 / $67,000)
14Alerus Financial 64 89%4%
  • 179%
  • (178,000 / $99,000)
  • 249%
  • (137,000 / $55,000)
15Wells Fargo Funding 52 100%0%
  • 350%
  • (140,000 / $40,000)
0
16First Mortgage Service Inc 49 100%0%
  • 209%
  • (205,000 / $98,000)
0
17Bank Of America 46 86%8%
  • 171%
  • (137,000 / $80,000)
  • 300%
  • (96,000 / $32,000)
18United Guaranty Corporation 41 80%4%
  • 206%
  • (190,000 / $92,000)
  • 359%
  • (313,000 / $87,000)
19Franklin American Mortgage Co 36 88%2%
  • 298%
  • (176,000 / $59,000)
  • 191%
  • (226,000 / $118,000)
20Countrywide Bank Fsb 36 83%11%
  • 187%
  • (156,000 / $83,000)
  • 326%
  • (261,000 / $80,000)

Alliance, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,442
  2. Loan Applications Denied: 366
  3. % of Loan Applications Denied: 10
  4. # of Loan Originations: 2,606
  5. % of Loan Applications Originated 75

Alliance, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Debt-to-income ratio8
Collateral7
Credit application incomplete2
Unverifiable information1

Alliance, 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 - $100,000953 7214
$100,000 - $300,0002,372 769
$300,000 - $500,000114 659
$500,000 - $1,000,0003 3333

Alliance, 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 - $100,0002,646 7411
$100,000 - $300,000764 787
$300,000 - $500,00016 8112
$500,000 - $1,000,00013 617
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Alliance, 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%22175 14
30 - 60%24275 10
60 - 100%23270 13
100 - 200%1,08878 8
200 - 300%1,03076 9
300 - 400%45674 10
> 400%17361 25

Alliance, 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 Dwelling3,376 7510
Not Owner-Occupied As A Principal Dwelling62 728

Home Owner Property Type Statistics in Alliance, 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)3,214 7511
One To Four-Family214 841
Manufactured Housing14 4250
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