Top Arena, MN Mortgage Lenders

RankArena Mortgage LenderArena Home Loans ProcessedArena Home Loans ApprovedArena Home Loans DeniedArena Mortgage Median Loan to Income Ratio (LTR) for Approved LoansArena Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 20 45%20%
  • 85%
  • (30,000 Loan / $35,000 Income)
  • 190%
  • (95,000 Loan / $50,000 Income)
2Kleinbank 11 63%27%
  • 100%
  • (34,000 / $34,000)
  • 40%
  • (15,000 / $37,000)
3Jpmorgan Chase Bank 7 57%28%
  • 152%
  • (64,000 / $42,000)
  • 148%
  • (55,000 / $37,000)
4Wells Fargo Fin'l Minnesota 4 25%50%
  • 96%
  • (60,000 / $62,000)
  • 191%
  • (46,000 / $24,000)
5Embrace Home Loans, 4 0%50% 0
  • 165%
  • (86,000 / $52,000)
6Us Bank 3 66%0%
  • 251%
  • (98,000 / $39,000)
0
7Hfc Company Llc 3 33%66%
  • 160%
  • (80,000 / $50,000)
  • 170%
  • (85,000 / $50,000)
8Great Western Bank 3 100%0%
  • 137%
  • (73,000 / $53,000)
0
9First Suburban National Bank 2 50%0%
  • 215%
  • (41,000 / $19,000)
0
10Associated Bank 2 100%0%
  • 312%
  • (231,000 / $74,000)
0
11United Prairie Bank 1 100%0%
  • 65%
  • (52,000 / $80,000)
0
12Pnc Bank N.A. 1 100%0%
  • 321%
  • (132,000 / $41,000)
0
13Nationwide Advantage Mortgage 1 100%0% 0 0
14Nationstar Mortgage Llc 1 0%100% 0
  • 375%
  • (75,000 / $20,000)
15National City Bank 1 100%0%
  • 3085%
  • (216,000 / $7,000)
0
16Minnwest Mortgage Corporation 1 100%0%
  • 113%
  • (142,000 / $125,000)
0
17Flagstar Bank 1 100%0%
  • 258%
  • (75,000 / $29,000)
0
18First Residential Mortgage 1 0%100% 0
  • 286%
  • (132,000 / $46,000)
19First Premier Bank 1 0%0% 0 0
20First National Bank Of America 1 100%0%
  • 111%
  • (10,000 / $9,000)
0

Arena, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 78
  2. Loan Applications Denied: 19
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 42
  5. % of Loan Applications Originated 53

Arena, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral30
Credit history30
Debt-to-income ratio20
Credit application incomplete10

Arena, 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 - $100,00061 5027
$100,000 - $300,00017 6311

Arena, 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 - $100,00069 5127
$100,000 - $300,0008 750
$300,000 - $500,0001 00

Loan to Income Ratios Research for Mortgage in Arena, 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%633 33
30 - 60%666 33
60 - 100%1361 15
100 - 200%3262 28
200 - 300%1631 18
300 - 400%450 25
> 400%1100 0

Arena, 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 Dwelling75 5225
Not Owner-Occupied As A Principal Dwelling3 1000

Home Owner Property Type Statistics in Arena, 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)77 5424
Manufactured Housing1 00
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