Top Boy River, MN Mortgage Lenders

RankBoy River Mortgage LenderBoy River Home Loans ProcessedBoy River Home Loans ApprovedBoy River Home Loans DeniedBoy River Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBoy River Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 478 66%12%
  • 152%
  • (76,000 Loan / $50,000 Income)
  • 175%
  • (140,000 Loan / $80,000 Income)
2Us Bank 194 79%10%
  • 187%
  • (187,000 / $100,000)
  • 233%
  • (124,000 / $53,000)
3Affinity Plus Federal Credit U 149 65%7%
  • 152%
  • (114,000 / $75,000)
  • 185%
  • (65,000 / $35,000)
4Jpmorgan Chase Bank 122 87%11%
  • 202%
  • (85,000 / $42,000)
  • 187%
  • (60,000 / $32,000)
5Countrywide Bank Fsb 74 68%16%
  • 215%
  • (136,000 / $63,000)
  • 210%
  • (78,000 / $37,000)
6Citimortgage 69 76%8%
  • 222%
  • (403,000 / $181,000)
  • 320%
  • (256,000 / $80,000)
7Bank Of America 64 62%21%
  • 193%
  • (193,000 / $100,000)
  • 157%
  • (112,000 / $71,000)
8The Business Bank 43 95%2%
  • 173%
  • (200,000 / $115,000)
  • 270%
  • (73,000 / $27,000)
9Countrywide Home Loans 41 87%2%
  • 188%
  • (132,000 / $70,000)
  • 104%
  • (125,000 / $120,000)
10Us Bk Na Nd 34 38%55%
  • 82%
  • (85,000 / $103,000)
  • 200%
  • (450,000 / $225,000)
11Wells Fargo Funding 28 100%0%
  • 132%
  • (279,000 / $211,000)
0
12Us Bank North Dakota 27 48%44%
  • 132%
  • (41,000 / $31,000)
  • 204%
  • (172,000 / $84,000)
13Merchants Bank 25 88%8%
  • 227%
  • (234,000 / $103,000)
  • 219%
  • (200,000 / $91,000)
14Embrace Home Loans, 25 4%40%
  • 68%
  • (52,000 / $76,000)
  • 331%
  • (262,000 / $79,000)
15Citibank 22 54%13%
  • 131%
  • (92,000 / $70,000)
  • 94%
  • (210,000 / $223,000)
16Phh Mortgage Corporation 21 80%4%
  • 212%
  • (83,000 / $39,000)
  • 150%
  • (170,000 / $113,000)
17Radian Guaranty 20 65%0%
  • 145%
  • (338,000 / $233,000)
0
18Mortgage Guaranty Insurance Co 20 50%15%
  • 222%
  • (40,000 / $18,000)
  • 216%
  • (331,000 / $153,000)
19Taylor, Bean & Whitaker 18 83%16%
  • 220%
  • (280,000 / $127,000)
  • 392%
  • (353,000 / $90,000)
20Quicken Loans 18 72%22%
  • 208%
  • (75,000 / $36,000)
  • 343%
  • (79,000 / $23,000)

Boy River, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,573
  2. Loan Applications Denied: 378
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,740
  5. % of Loan Applications Originated 67

Boy River, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Debt-to-income ratio12
Credit history12
Unverifiable information3
Credit application incomplete3

Boy River, 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 - $100,000713 5818
$100,000 - $300,0001,568 7013
$300,000 - $500,000275 7212
$500,000 - $1,000,00017 8711

Boy River, 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 - $100,0001,499 6018
$100,000 - $300,000936 7410
$300,000 - $500,000110 854
$500,000 - $1,000,00019 940
$1,000,000 - $1,500,0008 6212
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Boy River, 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%8959 19
30 - 60%16370 11
60 - 100%34372 13
100 - 200%88170 11
200 - 300%56667 16
300 - 400%27360 19
> 400%25858 20

Boy River, 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 Dwelling1,284 5818
Not Owner-Occupied As A Principal Dwelling1,241 7611
Not Applicable5 8020

Home Owner Property Type Statistics in Boy River, 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)2,367 6814
Manufactured Housing123 5030
One To Four-Family83 718
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