Top Aurora, MN Mortgage Lenders

RankAurora Mortgage LenderAurora Home Loans ProcessedAurora Home Loans ApprovedAurora Home Loans DeniedAurora Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAurora Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 78 44%26%
  • 112%
  • (90,000 Loan / $80,000 Income)
  • 97%
  • (48,000 Loan / $49,000 Income)
2Us Bank 16 62%18%
  • 190%
  • (122,000 / $64,000)
  • 217%
  • (183,000 / $84,000)
3Us Bank North Dakota 14 35%50%
  • 108%
  • (80,000 / $74,000)
  • 159%
  • (137,000 / $86,000)
4Countrywide Bank Fsb 14 78%21%
  • 190%
  • (57,000 / $30,000)
  • 315%
  • (145,000 / $46,000)
5Embrace Home Loans, 12 0%50% 0
  • 227%
  • (98,000 / $43,000)
6Citifinancial Services Inc 12 33%16%
  • 188%
  • (47,000 / $25,000)
  • 233%
  • (98,000 / $42,000)
7Jpmorgan Chase Bank 11 100%0%
  • 144%
  • (52,000 / $36,000)
0
8Bank Of America 10 70%10%
  • 272%
  • (109,000 / $40,000)
  • 180%
  • (18,000 / $10,000)
9American Bank Of The North 9 77%22%
  • 80%
  • (12,000 / $15,000)
  • 243%
  • (78,000 / $32,000)
10National City Bank 8 100%0%
  • 233%
  • (77,000 / $33,000)
0
11Beneficial Company Llc 8 0%87% 0
  • 143%
  • (33,000 / $23,000)
12Republic Mortgage Insurance Co 7 57%14%
  • 278%
  • (53,000 / $19,000)
  • 450%
  • (45,000 / $10,000)
13Freedom Mortgage Corp. 7 71%14%
  • 204%
  • (96,000 / $47,000)
  • 178%
  • (82,000 / $46,000)
14Suntrust Mortgage 6 66%0%
  • 246%
  • (106,000 / $43,000)
0
15Queen City Federal Savings Ban 6 66%33%
  • 145%
  • (45,000 / $31,000)
  • 64%
  • (20,000 / $31,000)
16First Tennessee Bank Na 6 66%33%
  • 352%
  • (60,000 / $17,000)
  • 270%
  • (216,000 / $80,000)
17Cmg Mortgage Insurance Co. 6 83%16%
  • 120%
  • (70,000 / $58,000)
  • 295%
  • (195,000 / $66,000)
18Citimortgage 6 83%16%
  • 240%
  • (108,000 / $45,000)
  • 92%
  • (72,000 / $78,000)
19Wells Fargo Funding 5 100%0% 0 0
20Us Bk Na Nd 5 80%20%
  • 254%
  • (181,000 / $71,000)
  • 122%
  • (77,000 / $63,000)

Aurora, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 403
  2. Loan Applications Denied: 91
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 226
  5. % of Loan Applications Originated 56

Aurora, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral10
Debt-to-income ratio5
Credit application incomplete5
Insufficient cash (downpayment, closing costs)1

Aurora, 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 - $100,000315 5323
$100,000 - $300,00088 6119

Aurora, 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 - $100,000378 5423
$100,000 - $300,00024 6612
$500,000 - $1,000,0001 0100

Loan to Income Ratios Research for Mortgage in Aurora, 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%2070 10
30 - 60%2330 34
60 - 100%5555 29
100 - 200%15556 18
200 - 300%8859 23
300 - 400%5157 17
> 400%1127 54

Aurora, 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 Dwelling382 5522
Not Owner-Occupied As A Principal Dwelling20 6515

Home Owner Property Type Statistics in Aurora, 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)363 5423
One To Four-Family33 7512
Manufactured Housing7 4228
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