Top Bowstring, MN Mortgage Lenders

RankBowstring Mortgage LenderBowstring Home Loans ProcessedBowstring Home Loans ApprovedBowstring Home Loans DeniedBowstring Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBowstring Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 678 66%7%
  • 151%
  • (41,000 Loan / $27,000 Income)
  • 251%
  • (88,000 Loan / $35,000 Income)
2Wells Fargo Bank 569 62%16%
  • 183%
  • (216,000 / $118,000)
  • 196%
  • (120,000 / $61,000)
3American Bank Of The North 185 76%16%
  • 147%
  • (200,000 / $136,000)
  • 131%
  • (252,000 / $191,000)
4Us Bank 107 72%20%
  • 229%
  • (285,000 / $124,000)
  • 252%
  • (258,000 / $102,000)
5Northview Bank 102 71%16%
  • 161%
  • (84,000 / $52,000)
  • 208%
  • (25,000 / $12,000)
6Jpmorgan Chase Bank 100 73%20%
  • 241%
  • (210,000 / $87,000)
  • 188%
  • (132,000 / $70,000)
7Countrywide Bank Fsb 99 71%18%
  • 258%
  • (168,000 / $65,000)
  • 277%
  • (169,000 / $61,000)
8Citimortgage 81 80%12%
  • 232%
  • (93,000 / $40,000)
  • 380%
  • (270,000 / $71,000)
9Us Bank North Dakota 80 42%37%
  • 134%
  • (110,000 / $82,000)
  • 232%
  • (58,000 / $25,000)
10Countrywide Home Loans 58 77%18%
  • 238%
  • (100,000 / $42,000)
  • 111%
  • (169,000 / $151,000)
11Bank Of America 48 75%16%
  • 300%
  • (99,000 / $33,000)
  • 507%
  • (345,000 / $68,000)
12Citifinancial Services Inc 44 40%38%
  • 195%
  • (123,000 / $63,000)
  • 218%
  • (48,000 / $22,000)
13Us Bk Na Nd 40 42%55%
  • 89%
  • (95,000 / $106,000)
  • 190%
  • (80,000 / $42,000)
14Quicken Loans 40 72%20%
  • 272%
  • (60,000 / $22,000)
  • 260%
  • (133,000 / $51,000)
15Mortgage Guaranty Insurance Co 40 67%10%
  • 258%
  • (238,000 / $92,000)
  • 316%
  • (250,000 / $79,000)
16Freedom Mortgage Corp. 38 68%13%
  • 286%
  • (63,000 / $22,000)
  • 166%
  • (85,000 / $51,000)
17Cmg Mortgage Insurance Co. 38 78%7%
  • 230%
  • (205,000 / $89,000)
  • 155%
  • (146,000 / $94,000)
18Citibank 34 73%17%
  • 173%
  • (139,000 / $80,000)
  • 312%
  • (153,000 / $49,000)
19Wells Fargo Fin'l Minnesota 31 6%45%
  • 169%
  • (90,000 / $53,000)
  • 242%
  • (34,000 / $14,000)
20Phh Mortgage Corporation 30 66%6%
  • 242%
  • (230,000 / $95,000)
  • 261%
  • (110,000 / $42,000)

Bowstring, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,433
  2. Loan Applications Denied: 615
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 2,177
  5. % of Loan Applications Originated 63

Bowstring, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history13
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Bowstring, 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 - $100,0001,276 6316
$100,000 - $300,0001,935 6317
$300,000 - $500,000201 5723
$500,000 - $1,000,00020 5045
$1,000,000 - $1,500,0001 1000

Bowstring, 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 - $100,0002,636 6118
$100,000 - $300,000716 6814
$300,000 - $500,00052 6815
$500,000 - $1,000,00021 3742
$1,000,000 - $1,500,0005 4060
$1,500,000 - $2,000,0003 660

Loan to Income Ratios Research for Mortgage in Bowstring, 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%14372 14
30 - 60%24764 14
60 - 100%37266 15
100 - 200%98865 16
200 - 300%83864 15
300 - 400%50258 18
> 400%34349 32

Bowstring, 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 Dwelling2,707 6118
Not Owner-Occupied As A Principal Dwelling682 6917
Not Applicable7 1442

Home Owner Property Type Statistics in Bowstring, 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)3,034 6317
Manufactured Housing233 5126
One To Four-Family166 727
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