Top Alvarado, MN Mortgage Lenders

RankAlvarado Mortgage LenderAlvarado Home Loans ProcessedAlvarado Home Loans ApprovedAlvarado Home Loans DeniedAlvarado Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAlvarado Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 922 64%16%
  • 204%
  • (92,000 Loan / $45,000 Income)
  • 180%
  • (141,000 Loan / $78,000 Income)
2Affinity Plus Federal Credit U 281 66%7%
  • 107%
  • (70,000 / $65,000)
  • 296%
  • (190,000 / $64,000)
3Jpmorgan Chase Bank 245 78%15%
  • 225%
  • (97,000 / $43,000)
  • 236%
  • (255,000 / $108,000)
4Citimortgage 193 78%10%
  • 191%
  • (140,000 / $73,000)
  • 263%
  • (108,000 / $41,000)
5Countrywide Bank Fsb 183 66%21%
  • 212%
  • (100,000 / $47,000)
  • 265%
  • (170,000 / $64,000)
6Us Bank North Dakota 137 37%43%
  • 121%
  • (92,000 / $76,000)
  • 167%
  • (112,000 / $67,000)
7Countrywide Home Loans 134 70%21%
  • 206%
  • (153,000 / $74,000)
  • 165%
  • (76,000 / $46,000)
8Bank Of America 123 72%17%
  • 207%
  • (137,000 / $66,000)
  • 220%
  • (139,000 / $63,000)
9Us Bank 122 68%21%
  • 225%
  • (232,000 / $103,000)
  • 296%
  • (225,000 / $76,000)
10Mortgage Guaranty Insurance Co 120 71%10%
  • 251%
  • (141,000 / $56,000)
  • 283%
  • (139,000 / $49,000)
11Genworth Mortgage Insurance Co 119 50%3%
  • 219%
  • (68,000 / $31,000)
  • 273%
  • (164,000 / $60,000)
12Beneficial Company Llc 119 4%78%
  • 168%
  • (27,000 / $16,000)
  • 234%
  • (270,000 / $115,000)
13Phh Mortgage Corporation 97 77%8%
  • 232%
  • (205,000 / $88,000)
  • 272%
  • (191,000 / $70,000)
14Citifinancial Services Inc 88 31%45%
  • 166%
  • (45,000 / $27,000)
  • 142%
  • (20,000 / $14,000)
15Bremer Bank Na (Grand Forks) 88 76%7%
  • 113%
  • (66,000 / $58,000)
  • 60%
  • (35,000 / $58,000)
16American Bank Of The North 78 78%12%
  • 125%
  • (45,000 / $36,000)
  • 158%
  • (92,000 / $58,000)
17Agstar Financial Services 76 68%7%
  • 189%
  • (165,000 / $87,000)
  • 308%
  • (219,000 / $71,000)
18Embrace Home Loans, 72 6%34%
  • 350%
  • (140,000 / $40,000)
  • 291%
  • (140,000 / $48,000)
19Wells Fargo Fin'l Minnesota 69 18%46%
  • 207%
  • (185,000 / $89,000)
  • 240%
  • (130,000 / $54,000)
20Wells Fargo Funding 67 100%0%
  • 222%
  • (216,000 / $97,000)
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Alvarado, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,085
  2. Loan Applications Denied: 1,190
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,726
  5. % of Loan Applications Originated 61

Alvarado, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history11
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Alvarado, 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 - $100,0002,203 6219
$100,000 - $300,0003,496 6019
$300,000 - $500,000358 5420
$500,000 - $1,000,00027 5529
$1,000,000 - $1,500,0001 1000

Alvarado, 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 - $100,0004,953 6019
$100,000 - $300,0001,052 6217
$300,000 - $500,00055 6816
$500,000 - $1,000,00013 4538
$1,000,000 - $1,500,0005 6020
$1,500,000 - $2,000,0001 1000
> $2,000,0006 1000

Loan to Income Ratios Research for Mortgage in Alvarado, 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%24460 24
30 - 60%39960 21
60 - 100%52965 18
100 - 200%1,72564 16
200 - 300%1,53362 16
300 - 400%1,00058 20
> 400%65545 30

Alvarado, 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 Dwelling5,457 6019
Not Owner-Occupied As A Principal Dwelling590 7016
Not Applicable7 5728

Home Owner Property Type Statistics in Alvarado, 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)5,406 6120
One To Four-Family450 676
Manufactured Housing229 5227
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