Top Augsburg, MN Mortgage Lenders

RankAugsburg Mortgage LenderAugsburg Home Loans ProcessedAugsburg Home Loans ApprovedAugsburg Home Loans DeniedAugsburg Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAugsburg Mortgage Median LTR for Denied Loans
1Bremer Bank Na (Grand Forks) 47 82%12%
  • 111%
  • (38,000 Loan / $34,000 Income)
  • 114%
  • (40,000 Loan / $35,000 Income)
2Wells Fargo Bank 34 50%14%
  • 141%
  • (48,000 / $34,000)
  • 68%
  • (30,000 / $44,000)
3Community Bank Of The Rrv 34 94%5%
  • 130%
  • (85,000 / $65,000)
  • 243%
  • (39,000 / $16,000)
4American Federal Bank 19 73%21%
  • 78%
  • (86,000 / $109,000)
  • 116%
  • (35,000 / $30,000)
5Jpmorgan Chase Bank 15 86%13%
  • 202%
  • (93,000 / $46,000)
  • 75%
  • (75,000 / $100,000)
6Citimortgage 14 100%0% 0 0
7Mortgage Guaranty Insurance Co 13 92%0%
  • 132%
  • (41,000 / $31,000)
0
8Hfc Company Llc 13 15%53%
  • 76%
  • (48,000 / $63,000)
  • 100%
  • (29,000 / $29,000)
9Frandsen Bank & Trust 12 66%25%
  • 105%
  • (80,000 / $76,000)
  • 90%
  • (38,000 / $42,000)
10Alerus Financial 11 45%45%
  • 37%
  • (20,000 / $54,000)
  • 243%
  • (100,000 / $41,000)
11Merchants Bank 10 100%0%
  • 135%
  • (104,000 / $77,000)
0
12Citibank 10 70%10%
  • 88%
  • (37,000 / $42,000)
  • 944%
  • (170,000 / $18,000)
13Us Bank North Dakota 8 25%62%
  • 220%
  • (66,000 / $30,000)
  • 85%
  • (49,000 / $57,000)
14Citifinancial Services Inc 7 57%14%
  • 163%
  • (31,000 / $19,000)
  • 126%
  • (33,000 / $26,000)
15Gate City Bank 6 83%0%
  • 14%
  • (25,000 / $168,000)
0
16Beneficial Company Llc 6 0%100% 0
  • 98%
  • (65,000 / $66,000)
17Valley Mortgage Inc 5 60%20%
  • 84%
  • (60,000 / $71,000)
  • 182%
  • (122,000 / $67,000)
18Bank Of America 5 40%20%
  • 272%
  • (117,000 / $43,000)
  • 219%
  • (114,000 / $52,000)
19Us Bank 4 100%0%
  • 97%
  • (44,000 / $45,000)
0
20Delta Funding Corporation 4 0%50% 0
  • 281%
  • (90,000 / $32,000)

Augsburg, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 344
  2. Loan Applications Denied: 67
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 228
  5. % of Loan Applications Originated 66

Augsburg, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral10
Debt-to-income ratio6
Employment history2
Unverifiable information1

Augsburg, 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 - $100,000267 6620
$100,000 - $300,00074 6116
$300,000 - $500,0003 660

Augsburg, 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 - $100,000305 6420
$100,000 - $300,00037 7213
$300,000 - $500,0001 1000
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Augsburg, 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%1752 35
30 - 60%5270 21
60 - 100%7866 21
100 - 200%12471 14
200 - 300%4656 19
300 - 400%2045 25
> 400%785 14

Augsburg, 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 Dwelling335 6519
Not Owner-Occupied As A Principal Dwelling9 7711

Home Owner Property Type Statistics in Augsburg, 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)308 6420
One To Four-Family23 864
Manufactured Housing13 6123
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