Top Bancroft, MN Mortgage Lenders

RankBancroft Mortgage LenderBancroft Home Loans ProcessedBancroft Home Loans ApprovedBancroft Home Loans DeniedBancroft Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBancroft Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 622 65%18%
  • 175%
  • (84,000 Loan / $48,000 Income)
  • 134%
  • (228,000 Loan / $170,000 Income)
2Wells Federal Bank 224 70%15%
  • 170%
  • (85,000 / $50,000)
  • 221%
  • (73,000 / $33,000)
3Home Federal Savings Bank 161 65%18%
  • 172%
  • (93,000 / $54,000)
  • 166%
  • (90,000 / $54,000)
4Jpmorgan Chase Bank 126 80%17%
  • 224%
  • (56,000 / $25,000)
  • 179%
  • (154,000 / $86,000)
5Us Bank North Dakota 101 39%43%
  • 71%
  • (30,000 / $42,000)
  • 100%
  • (14,000 / $14,000)
6Agstar Financial Services 100 70%10%
  • 190%
  • (147,000 / $77,000)
  • 239%
  • (79,000 / $33,000)
7Mortgage Guaranty Insurance Co 95 69%8%
  • 226%
  • (170,000 / $75,000)
  • 219%
  • (123,000 / $56,000)
8Us Bk Na Nd 67 64%29%
  • 98%
  • (76,000 / $77,000)
  • 156%
  • (116,000 / $74,000)
9Beneficial Company Llc 66 9%86%
  • 180%
  • (141,000 / $78,000)
  • 222%
  • (118,000 / $53,000)
10Countrywide Bank Fsb 65 73%18%
  • 190%
  • (133,000 / $70,000)
  • 235%
  • (40,000 / $17,000)
11Us Bank 61 73%11%
  • 206%
  • (120,000 / $58,000)
  • 244%
  • (159,000 / $65,000)
12Wells Fargo Fin'l Minnesota 53 24%50%
  • 210%
  • (97,000 / $46,000)
  • 182%
  • (75,000 / $41,000)
13Citimortgage 50 88%6%
  • 219%
  • (92,000 / $42,000)
  • 386%
  • (89,000 / $23,000)
14Countrywide Home Loans 45 73%13%
  • 167%
  • (62,000 / $37,000)
  • 244%
  • (230,000 / $94,000)
15Citibank 44 75%15%
  • 194%
  • (272,000 / $140,000)
  • 112%
  • (46,000 / $41,000)
16Genworth Mortgage Insurance Co 38 57%7%
  • 218%
  • (94,000 / $43,000)
  • 163%
  • (67,000 / $41,000)
17Embrace Home Loans, 38 2%52%
  • 237%
  • (133,000 / $56,000)
  • 252%
  • (174,000 / $69,000)
18Citifinancial Services Inc 37 27%43%
  • 173%
  • (40,000 / $23,000)
  • 178%
  • (59,000 / $33,000)
19Quicken Loans 25 88%8%
  • 200%
  • (64,000 / $32,000)
  • 215%
  • (71,000 / $33,000)
20Wells Fargo Funding 24 100%0%
  • 181%
  • (98,000 / $54,000)
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Bancroft, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,787
  2. Loan Applications Denied: 609
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 1,718
  5. % of Loan Applications Originated 61

Bancroft, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral9
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Bancroft, 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 - $100,0001,467 6124
$100,000 - $300,0001,241 6219
$300,000 - $500,00070 4922
$500,000 - $1,000,0008 1250
> $2,000,0001 1000

Bancroft, 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 - $100,0002,333 6123
$100,000 - $300,000421 6314
$300,000 - $500,00024 4912
$500,000 - $1,000,0006 3333
$1,000,000 - $1,500,0003 066

Loan to Income Ratios Research for Mortgage in Bancroft, 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%12240 44
30 - 60%17256 28
60 - 100%25960 23
100 - 200%99166 16
200 - 300%76962 18
300 - 400%32160 22
> 400%15342 41

Bancroft, 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 Dwelling2,674 6122
Not Owner-Occupied As A Principal Dwelling97 7015
Not Applicable2 500

Home Owner Property Type Statistics in Bancroft, 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)2,557 6022
One To Four-Family215 716
Manufactured Housing15 4046
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