Top Ault, MN Mortgage Lenders

RankAult Mortgage LenderAult Home Loans ProcessedAult Home Loans ApprovedAult Home Loans DeniedAult Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAult Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 283 60%17%
  • 166%
  • (300,000 Loan / $180,000 Income)
  • 175%
  • (72,000 Loan / $41,000 Income)
2North Shore Bank Of Commerce 79 84%10%
  • 146%
  • (114,000 / $78,000)
  • 278%
  • (309,000 / $111,000)
3Us Bank 74 68%14%
  • 195%
  • (119,000 / $61,000)
  • 185%
  • (65,000 / $35,000)
4Us Bank North Dakota 66 43%42%
  • 122%
  • (60,000 / $49,000)
  • 194%
  • (200,000 / $103,000)
5American Bank Of The North 53 79%18%
  • 135%
  • (162,000 / $120,000)
  • 156%
  • (75,000 / $48,000)
6Phh Mortgage Corporation 37 91%0%
  • 200%
  • (112,000 / $56,000)
0
7Jpmorgan Chase Bank 34 79%20%
  • 196%
  • (118,000 / $60,000)
  • 192%
  • (123,000 / $64,000)
8Us Bk Na Nd 32 53%37%
  • 118%
  • (163,000 / $138,000)
  • 154%
  • (187,000 / $121,000)
9Citifinancial Services Inc 28 28%42%
  • 178%
  • (84,000 / $47,000)
  • 153%
  • (75,000 / $49,000)
10Countrywide Bank Fsb 26 76%15%
  • 300%
  • (120,000 / $40,000)
  • 177%
  • (64,000 / $36,000)
11Citimortgage 26 61%23%
  • 314%
  • (255,000 / $81,000)
  • 278%
  • (153,000 / $55,000)
12Members Cooperative Credit Uni 23 65%21%
  • 105%
  • (149,000 / $141,000)
  • 107%
  • (125,000 / $116,000)
13Beneficial Company Llc 23 13%47%
  • 249%
  • (282,000 / $113,000)
  • 248%
  • (286,000 / $115,000)
14Affinity Plus Federal Credit U 22 68%0%
  • 177%
  • (78,000 / $44,000)
0
15National Bank Of Commerce 21 66%23%
  • 90%
  • (243,000 / $270,000)
  • 94%
  • (80,000 / $85,000)
16Bank Of America 21 71%19%
  • 314%
  • (107,000 / $34,000)
  • 325%
  • (101,000 / $31,000)
17Wells Fargo Funding 18 100%0% 0 0
18Northview Bank 18 27%38%
  • 247%
  • (94,000 / $38,000)
  • 120%
  • (106,000 / $88,000)
19Hiway Federal Credit Union 17 82%5%
  • 131%
  • (108,000 / $82,000)
  • 232%
  • (128,000 / $55,000)
20Embrace Home Loans, 16 6%43%
  • 314%
  • (107,000 / $34,000)
  • 341%
  • (417,000 / $122,000)

Ault, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,468
  2. Loan Applications Denied: 297
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 914
  5. % of Loan Applications Originated 62

Ault, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history14
Debt-to-income ratio13
Credit application incomplete3
Unverifiable information2

Ault, 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 - $100,000506 5924
$100,000 - $300,000909 6417
$300,000 - $500,00048 4929
$500,000 - $1,000,0003 6633
$1,000,000 - $1,500,0002 00

Ault, 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 - $100,0001,088 5921
$100,000 - $300,000359 6716
$300,000 - $500,00013 847
$500,000 - $1,000,0008 6212

Loan to Income Ratios Research for Mortgage in Ault, 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%5757 21
30 - 60%11963 20
60 - 100%15868 20
100 - 200%46665 17
200 - 300%34757 19
300 - 400%20958 22
> 400%11252 31

Ault, 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 Dwelling1,160 6020
Not Owner-Occupied As A Principal Dwelling300 6818

Home Owner Property Type Statistics in Ault, 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)1,343 6120
Manufactured Housing74 6027
One To Four-Family51 767
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