Top Audubon, MN Mortgage Lenders

RankAudubon Mortgage LenderAudubon Home Loans ProcessedAudubon Home Loans ApprovedAudubon Home Loans DeniedAudubon Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAudubon Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 541 61%18%
  • 194%
  • (76,000 Loan / $39,000 Income)
  • 200%
  • (146,000 Loan / $73,000 Income)
2State Bank & Trust 190 73%11%
  • 133%
  • (100,000 / $75,000)
  • 196%
  • (257,000 / $131,000)
3Us Bank 156 85%8%
  • 259%
  • (259,000 / $100,000)
  • 274%
  • (244,000 / $89,000)
4Countrywide Bank Fsb 156 69%20%
  • 229%
  • (193,000 / $84,000)
  • 266%
  • (384,000 / $144,000)
5Jpmorgan Chase Bank 154 81%14%
  • 245%
  • (152,000 / $62,000)
  • 270%
  • (184,000 / $68,000)
6Citimortgage 138 83%9%
  • 177%
  • (80,000 / $45,000)
  • 178%
  • (175,000 / $98,000)
7Affinity Plus Federal Credit U 117 58%10%
  • 132%
  • (45,000 / $34,000)
  • 168%
  • (59,000 / $35,000)
8Bremer Bank Na (Fargo) 112 83%4%
  • 156%
  • (94,000 / $60,000)
  • 46%
  • (24,000 / $52,000)
9Countrywide Home Loans 79 79%15%
  • 211%
  • (146,000 / $69,000)
  • 270%
  • (100,000 / $37,000)
10Mortgage Guaranty Insurance Co 69 62%5%
  • 253%
  • (66,000 / $26,000)
  • 328%
  • (187,000 / $57,000)
11Bank Of America 59 54%27%
  • 280%
  • (199,000 / $71,000)
  • 235%
  • (302,000 / $128,000)
12Beneficial Company Llc 51 3%90%
  • 486%
  • (224,000 / $46,000)
  • 243%
  • (190,000 / $78,000)
13Citibank 50 78%16%
  • 96%
  • (58,000 / $60,000)
  • 86%
  • (82,000 / $95,000)
14Midwest Bank 44 81%11%
  • 158%
  • (130,000 / $82,000)
  • 83%
  • (10,000 / $12,000)
15Rural American Bank 41 87%4%
  • 237%
  • (140,000 / $59,000)
  • 2500%
  • (50,000 / $2,000)
16Citifinancial Services Inc 36 27%30%
  • 340%
  • (119,000 / $35,000)
  • 150%
  • (116,000 / $77,000)
17Wells Fargo Funding 32 96%0%
  • 273%
  • (224,000 / $82,000)
0
18Us Bank North Dakota 32 21%46%
  • 162%
  • (65,000 / $40,000)
  • 231%
  • (81,000 / $35,000)
19Genworth Mortgage Insurance Co 26 57%0%
  • 268%
  • (145,000 / $54,000)
0
20Gmac Mortgage Llc 25 12%44%
  • 237%
  • (415,000 / $175,000)
  • 286%
  • (143,000 / $50,000)

Audubon, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,329
  2. Loan Applications Denied: 614
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 2,109
  5. % of Loan Applications Originated 63

Audubon, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information1

Audubon, 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 - $100,0001,064 5822
$100,000 - $300,0001,989 6416
$300,000 - $500,000255 6712
$500,000 - $1,000,00020 2045
$1,000,000 - $1,500,0001 1000

Audubon, 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 - $100,0002,525 5920
$100,000 - $300,000729 7213
$300,000 - $500,00056 767
$500,000 - $1,000,00013 4523
$1,000,000 - $1,500,0002 1000
> $2,000,0004 250

Loan to Income Ratios Research for Mortgage in Audubon, 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%14358 22
30 - 60%20561 21
60 - 100%29767 15
100 - 200%88469 14
200 - 300%89461 18
300 - 400%52764 16
> 400%37947 29

Audubon, 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 Dwelling2,736 6119
Not Owner-Occupied As A Principal Dwelling563 7312
Not Applicable4 2525

Home Owner Property Type Statistics in Audubon, 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)2,964 6318
Manufactured Housing187 4928
One To Four-Family178 702
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