Top Balkan, MN Mortgage Lenders

RankBalkan Mortgage LenderBalkan Home Loans ProcessedBalkan Home Loans ApprovedBalkan Home Loans DeniedBalkan Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBalkan Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 301 60%19%
  • 156%
  • (155,000 Loan / $99,000 Income)
  • 141%
  • (120,000 Loan / $85,000 Income)
2American Bank Of The North 204 68%19%
  • 128%
  • (32,000 / $25,000)
  • 181%
  • (100,000 / $55,000)
3Us Bank North Dakota 146 47%36%
  • 98%
  • (55,000 / $56,000)
  • 153%
  • (20,000 / $13,000)
4Us Bank 114 71%17%
  • 205%
  • (117,000 / $57,000)
  • 271%
  • (155,000 / $57,000)
5Us Bk Na Nd 76 40%40%
  • 131%
  • (120,000 / $91,000)
  • 211%
  • (93,000 / $44,000)
6First National Bank 66 84%10%
  • 102%
  • (35,000 / $34,000)
  • 172%
  • (50,000 / $29,000)
7Jpmorgan Chase Bank 61 70%27%
  • 200%
  • (66,000 / $33,000)
  • 241%
  • (116,000 / $48,000)
8Phh Mortgage Corporation 50 84%2%
  • 213%
  • (160,000 / $75,000)
  • 41%
  • (37,000 / $89,000)
9Bank Of America 45 53%31%
  • 175%
  • (91,000 / $52,000)
  • 209%
  • (161,000 / $77,000)
10Countrywide Bank Fsb 40 75%7%
  • 221%
  • (175,000 / $79,000)
  • 248%
  • (112,000 / $45,000)
11Prime Lending 39 74%10%
  • 226%
  • (147,000 / $65,000)
  • 289%
  • (81,000 / $28,000)
12Freedom Mortgage Corp. 37 72%5%
  • 234%
  • (155,000 / $66,000)
  • 694%
  • (347,000 / $50,000)
13Citimortgage 36 58%22%
  • 286%
  • (229,000 / $80,000)
  • 309%
  • (272,000 / $88,000)
14Queen City Federal Savings Ban 35 97%2%
  • 180%
  • (128,000 / $71,000)
  • 513%
  • (77,000 / $15,000)
15Affinity Plus Federal Credit U 32 75%3%
  • 125%
  • (125,000 / $100,000)
  • 272%
  • (49,000 / $18,000)
16Countrywide Home Loans 29 82%10%
  • 240%
  • (77,000 / $32,000)
  • 154%
  • (128,000 / $83,000)
17Mortgage Guaranty Insurance Co 27 66%7%
  • 168%
  • (113,000 / $67,000)
  • 210%
  • (192,000 / $91,000)
18Quicken Loans 25 84%4%
  • 264%
  • (193,000 / $73,000)
  • 445%
  • (214,000 / $48,000)
19United Guaranty Corporation 22 45%18%
  • 274%
  • (137,000 / $50,000)
  • 204%
  • (184,000 / $90,000)
20Pnc Bank N.A. 22 68%22%
  • 202%
  • (79,000 / $39,000)
  • 230%
  • (318,000 / $138,000)

Balkan, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,082
  2. Loan Applications Denied: 428
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,284
  5. % of Loan Applications Originated 61

Balkan, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history15
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information2

Balkan, 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 - $100,000890 6220
$100,000 - $300,0001,105 6020
$300,000 - $500,00082 5923
$500,000 - $1,000,0005 4020

Balkan, 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 - $100,0001,679 5921
$100,000 - $300,000374 6715
$300,000 - $500,00022 854
$500,000 - $1,000,0007 990

Loan to Income Ratios Research for Mortgage in Balkan, 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%7663 28
30 - 60%12863 17
60 - 100%23467 17
100 - 200%72266 18
200 - 300%51259 19
300 - 400%24354 20
> 400%16739 34

Balkan, 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 Dwelling1,821 6020
Not Owner-Occupied As A Principal Dwelling244 7018
Not Applicable4 7525

Home Owner Property Type Statistics in Balkan, 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)1,917 6120
One To Four-Family98 6110
Manufactured Housing67 5825
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