Top Bangor, MN Mortgage Lenders

RankBangor Mortgage LenderBangor Home Loans ProcessedBangor Home Loans ApprovedBangor Home Loans DeniedBangor Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBangor Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 109 77%10%
  • 178%
  • (75,000 Loan / $42,000 Income)
  • 228%
  • (80,000 Loan / $35,000 Income)
2Jpmorgan Chase Bank 46 69%21%
  • 285%
  • (191,000 / $67,000)
  • 188%
  • (85,000 / $45,000)
3Bonanza Valley State Bank 36 91%5%
  • 139%
  • (169,000 / $121,000)
  • 730%
  • (73,000 / $10,000)
4Bank Of America 29 75%10%
  • 186%
  • (71,000 / $38,000)
  • 163%
  • (98,000 / $60,000)
5Soo Line Credit Union 24 100%0%
  • 55%
  • (47,000 / $85,000)
0
6Citimortgage 16 93%0%
  • 310%
  • (295,000 / $95,000)
0
7Central Minnesota Cu 15 80%6%
  • 191%
  • (92,000 / $48,000)
  • 314%
  • (88,000 / $28,000)
8Us Bank 14 78%7%
  • 200%
  • (100,000 / $50,000)
  • 126%
  • (76,000 / $60,000)
9North American State Bank 14 85%14%
  • 127%
  • (143,000 / $112,000)
  • 568%
  • (165,000 / $29,000)
10Countrywide Bank Fsb 14 57%35%
  • 217%
  • (235,000 / $108,000)
  • 379%
  • (315,000 / $83,000)
11Citibank 13 92%0%
  • 138%
  • (156,000 / $113,000)
0
12C.U. Mortgage Services, 12 41%8%
  • 206%
  • (93,000 / $45,000)
  • 317%
  • (130,000 / $41,000)
13Embrace Home Loans, 11 0%45% 0
  • 361%
  • (112,000 / $31,000)
14Agstar Financial Services 11 81%9%
  • 207%
  • (212,000 / $102,000)
  • 632%
  • (405,000 / $64,000)
15Central Mn Cu 9 77%11%
  • 153%
  • (117,000 / $76,000)
  • 483%
  • (150,000 / $31,000)
16Beneficial Company Llc 9 0%100% 0
  • 212%
  • (83,000 / $39,000)
17Amerisave Mortgage Corporation 8 62%25%
  • 232%
  • (158,000 / $68,000)
  • 141%
  • (120,000 / $85,000)
18State Bank & Trust 7 100%0%
  • 104%
  • (141,000 / $135,000)
0
19Us Bk Na Nd 6 33%50%
  • 110%
  • (107,000 / $97,000)
  • 63%
  • (89,000 / $141,000)
20Riverwood Bank 6 50%33%
  • 257%
  • (417,000 / $162,000)
  • 191%
  • (128,000 / $67,000)

Bangor, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 631
  2. Loan Applications Denied: 106
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 429
  5. % of Loan Applications Originated 67

Bangor, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral21
Debt-to-income ratio11
Credit application incomplete10
Credit history9
Insufficient cash (downpayment, closing costs)2

Bangor, 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 - $100,000219 6720
$100,000 - $300,000380 6615
$300,000 - $500,00028 7410
$500,000 - $1,000,0003 1000
$1,000,000 - $1,500,0001 1000

Bangor, 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 - $100,000491 6518
$100,000 - $300,000132 768
$300,000 - $500,0005 6040
$500,000 - $1,000,0002 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Bangor, 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%1566 20
30 - 60%3683 11
60 - 100%8674 13
100 - 200%20268 13
200 - 300%11469 14
300 - 400%11162 22
> 400%6752 26

Bangor, 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 Dwelling485 6319
Not Owner-Occupied As A Principal Dwelling140 819
Not Applicable2 1000

Home Owner Property Type Statistics in Bangor, 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)598 6716
Manufactured Housing17 6423
One To Four-Family16 756
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