Top Bruce, MN Mortgage Lenders

RankBruce Mortgage LenderBruce Home Loans ProcessedBruce Home Loans ApprovedBruce Home Loans DeniedBruce Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBruce Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 120 65%15%
  • 207%
  • (158,000 Loan / $76,000 Income)
  • 315%
  • (120,000 Loan / $38,000 Income)
2Central Minnesota Cu 76 81%2%
  • 103%
  • (30,000 / $29,000)
  • 279%
  • (67,000 / $24,000)
3Jpmorgan Chase Bank 62 79%14%
  • 284%
  • (74,000 / $26,000)
  • 227%
  • (98,000 / $43,000)
4Central Mn Cu 38 73%7%
  • 193%
  • (128,000 / $66,000)
  • 150%
  • (180,000 / $120,000)
5Affinity Plus Federal Credit U 37 62%18%
  • 104%
  • (50,000 / $48,000)
  • 165%
  • (68,000 / $41,000)
6Us Bank 32 75%21%
  • 194%
  • (177,000 / $91,000)
  • 208%
  • (127,000 / $61,000)
7American Heritage Natl Bank 32 84%6%
  • 75%
  • (58,000 / $77,000)
  • 595%
  • (256,000 / $43,000)
8Countrywide Bank Fsb 31 58%29%
  • 215%
  • (181,000 / $84,000)
  • 271%
  • (125,000 / $46,000)
9Agstar Financial Services 27 62%11%
  • 185%
  • (167,000 / $90,000)
  • 87%
  • (94,000 / $108,000)
10Bank Of America 25 84%8%
  • 195%
  • (192,000 / $98,000)
  • 357%
  • (250,000 / $70,000)
11Beneficial Company Llc 24 8%58%
  • 251%
  • (123,000 / $49,000)
  • 191%
  • (153,000 / $80,000)
12Citimortgage 22 72%9%
  • 373%
  • (183,000 / $49,000)
  • 196%
  • (155,000 / $79,000)
13Us Bk Na Nd 20 40%40%
  • 95%
  • (115,000 / $121,000)
  • 209%
  • (128,000 / $61,000)
14Us Bank North Dakota 19 21%47%
  • 286%
  • (66,000 / $23,000)
  • 304%
  • (131,000 / $43,000)
15Unity Bank 18 88%5%
  • 316%
  • (152,000 / $48,000)
  • 19%
  • (25,000 / $126,000)
16Gmac Mortgage Llc 15 6%26%
  • 454%
  • (50,000 / $11,000)
  • 357%
  • (68,000 / $19,000)
17Countrywide Home Loans 15 73%20%
  • 284%
  • (213,000 / $75,000)
  • 168%
  • (98,000 / $58,000)
18Citifinancial Services Inc 15 40%40%
  • 363%
  • (200,000 / $55,000)
  • 235%
  • (66,000 / $28,000)
19Mortgage Guaranty Insurance Co 13 61%7%
  • 228%
  • (158,000 / $69,000)
  • 494%
  • (173,000 / $35,000)
20Wells Fargo Fin'l Minnesota 12 16%66%
  • 260%
  • (91,000 / $35,000)
  • 289%
  • (81,000 / $28,000)

Bruce, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,084
  2. Loan Applications Denied: 212
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 661
  5. % of Loan Applications Originated 60

Bruce, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Debt-to-income ratio13
Credit history13
Unverifiable information2
Insufficient cash (downpayment, closing costs)1

Bruce, 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 - $100,000457 6318
$100,000 - $300,000601 5919
$300,000 - $500,00024 4533
$500,000 - $1,000,0002 500

Bruce, 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 - $100,000935 5920
$100,000 - $300,000141 6912
$300,000 - $500,0006 6633
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in Bruce, 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%4465 29
30 - 60%7075 15
60 - 100%11456 16
100 - 200%28768 14
200 - 300%28958 17
300 - 400%16053 23
> 400%12047 30

Bruce, 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 Dwelling938 5920
Not Owner-Occupied As A Principal Dwelling138 6915
Not Applicable2 5050

Home Owner Property Type Statistics in Bruce, 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)977 6019
Manufactured Housing62 5133
One To Four-Family45 844
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