Top Babbitt, MN Mortgage Lenders

RankBabbitt Mortgage LenderBabbitt Home Loans ProcessedBabbitt Home Loans ApprovedBabbitt Home Loans DeniedBabbitt Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBabbitt Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 46 50%30%
  • 158%
  • (65,000 Loan / $41,000 Income)
  • 145%
  • (67,000 Loan / $46,000 Income)
2Us Bk Na Nd 35 40%54%
  • 93%
  • (30,000 / $32,000)
  • 104%
  • (75,000 / $72,000)
3Us Bank North Dakota 30 63%23%
  • 72%
  • (42,000 / $58,000)
  • 168%
  • (170,000 / $101,000)
4Us Bank 25 88%12%
  • 158%
  • (119,000 / $75,000)
  • 332%
  • (83,000 / $25,000)
5American Bank Of The North 16 62%18%
  • 134%
  • (66,000 / $49,000)
  • 118%
  • (38,000 / $32,000)
6Embrace Home Loans, 14 0%64% 0
  • 216%
  • (65,000 / $30,000)
7Affinity Plus Federal Credit U 14 92%0%
  • 100%
  • (70,000 / $70,000)
0
8Bank Of America 11 90%0%
  • 205%
  • (37,000 / $18,000)
0
9Jpmorgan Chase Bank 10 50%30%
  • 200%
  • (50,000 / $25,000)
  • 135%
  • (131,000 / $97,000)
10Mortgage Guaranty Insurance Co 9 77%0%
  • 113%
  • (76,000 / $67,000)
0
11Republic Mortgage Insurance Co 8 62%37%
  • 166%
  • (225,000 / $135,000)
  • 90%
  • (81,000 / $90,000)
12National City Bank 8 75%12%
  • 161%
  • (87,000 / $54,000)
  • 225%
  • (61,000 / $27,000)
13Genworth Mortgage Insurance Co 7 100%0%
  • 157%
  • (109,000 / $69,000)
0
14Countrywide Home Loans 7 71%14%
  • 340%
  • (510,000 / $150,000)
  • 438%
  • (158,000 / $36,000)
15Citimortgage 7 85%14%
  • 96%
  • (59,000 / $61,000)
  • 181%
  • (60,000 / $33,000)
16Pnc Bank N.A. 6 66%33%
  • 220%
  • (75,000 / $34,000)
  • 144%
  • (160,000 / $111,000)
17Freedom Mortgage Corp. 6 33%50%
  • 283%
  • (85,000 / $30,000)
  • 345%
  • (121,000 / $35,000)
18Countrywide Bank Fsb 6 83%16%
  • 66%
  • (66,000 / $99,000)
  • 245%
  • (91,000 / $37,000)
19Washington Mutual Bank 5 80%20%
  • 200%
  • (138,000 / $69,000)
  • 106%
  • (64,000 / $60,000)
20Phh Mortgage Corporation 5 80%0%
  • 212%
  • (85,000 / $40,000)
0

Babbitt, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 393
  2. Loan Applications Denied: 100
  3. % of Loan Applications Denied: 25
  4. # of Loan Originations: 239
  5. % of Loan Applications Originated 60

Babbitt, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history14
Debt-to-income ratio5
Unverifiable information2
Employment history2

Babbitt, 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 - $100,000308 6225
$100,000 - $300,00082 5325
$300,000 - $500,0002 00
$500,000 - $1,000,0001 1000

Babbitt, 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 - $100,000347 6125
$100,000 - $300,00041 5226
$300,000 - $500,0004 1000
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Babbitt, 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%1674 6
30 - 60%3870 26
60 - 100%6555 27
100 - 200%15966 21
200 - 300%5750 29
300 - 400%4655 30
> 400%1216 50

Babbitt, 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 Dwelling336 5926
Not Owner-Occupied As A Principal Dwelling50 6818

Home Owner Property Type Statistics in Babbitt, 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)354 5827
One To Four-Family34 828
Manufactured Housing5 800
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