Top Butler, MN Mortgage Lenders

RankButler Mortgage LenderButler Home Loans ProcessedButler Home Loans ApprovedButler Home Loans DeniedButler Mortgage Median Loan to Income Ratio (LTR) for Approved LoansButler Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 402 69%11%
  • 179%
  • (179,000 Loan / $100,000 Income)
  • 290%
  • (145,000 Loan / $50,000 Income)
2Bremer Bank Na (Fargo) 315 77%4%
  • 150%
  • (99,000 / $66,000)
  • 95%
  • (20,000 / $21,000)
3State Bank & Trust 223 77%11%
  • 112%
  • (126,000 / $112,000)
  • 237%
  • (416,000 / $175,000)
4Phh Mortgage Corporation 178 94%0%
  • 204%
  • (170,000 / $83,000)
  • 541%
  • (184,000 / $34,000)
5Jpmorgan Chase Bank 175 84%13%
  • 272%
  • (404,000 / $148,000)
  • 286%
  • (143,000 / $50,000)
6Citimortgage 146 82%6%
  • 204%
  • (253,000 / $124,000)
  • 328%
  • (319,000 / $97,000)
7Us Bank 102 78%14%
  • 246%
  • (74,000 / $30,000)
  • 287%
  • (141,000 / $49,000)
8Countrywide Bank Fsb 65 75%18%
  • 264%
  • (143,000 / $54,000)
  • 314%
  • (148,000 / $47,000)
9Midwest Bank 50 94%6%
  • 153%
  • (180,000 / $117,000)
  • 16%
  • (5,000 / $31,000)
10Bank Of America 49 69%18%
  • 196%
  • (100,000 / $51,000)
  • 266%
  • (32,000 / $12,000)
11Gate City Bank 48 75%6%
  • 125%
  • (125,000 / $100,000)
  • 338%
  • (200,000 / $59,000)
12Franklin American Mortgage Co 46 65%21%
  • 186%
  • (82,000 / $44,000)
  • 283%
  • (136,000 / $48,000)
13Mortgage Guaranty Insurance Co 43 69%11%
  • 267%
  • (203,000 / $76,000)
  • 325%
  • (290,000 / $89,000)
14Genworth Mortgage Insurance Co 41 65%2%
  • 258%
  • (230,000 / $89,000)
  • 267%
  • (230,000 / $86,000)
15Citibank 40 67%20%
  • 133%
  • (71,000 / $53,000)
  • 99%
  • (100,000 / $101,000)
16Countrywide Home Loans 36 88%11%
  • 150%
  • (228,000 / $151,000)
  • 141%
  • (1,050,000 / $744,000)
17Wells Fargo Funding 35 100%0%
  • 246%
  • (333,000 / $135,000)
0
18Embrace Home Loans, 32 12%40%
  • 280%
  • (115,000 / $41,000)
  • 263%
  • (121,000 / $46,000)
19Affinity Plus Federal Credit U 24 62%4%
  • 164%
  • (127,000 / $77,000)
  • 156%
  • (75,000 / $48,000)
20Us Bank North Dakota 22 36%45%
  • 194%
  • (72,000 / $37,000)
  • 267%
  • (75,000 / $28,000)

Butler, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,930
  2. Loan Applications Denied: 402
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,056
  5. % of Loan Applications Originated 70

Butler, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Debt-to-income ratio8
Credit history8
Credit application incomplete4
Unverifiable information3

Butler, 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 - $100,000863 6915
$100,000 - $300,0001,844 6913
$300,000 - $500,000203 7310
$500,000 - $1,000,00014 3528
$1,000,000 - $1,500,0006 3350

Butler, 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 - $100,0002,169 6615
$100,000 - $300,000639 788
$300,000 - $500,00064 794
$500,000 - $1,000,00053 6913
$1,500,000 - $2,000,0003 990
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Butler, 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%11468 18
30 - 60%18476 9
60 - 100%29080 8
100 - 200%81374 10
200 - 300%75868 14
300 - 400%48764 15
> 400%28452 23

Butler, 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 Dwelling2,337 6714
Not Owner-Occupied As A Principal Dwelling577 789
Not Applicable2 0100

Home Owner Property Type Statistics in Butler, 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)2,707 7013
One To Four-Family160 666
Manufactured Housing63 5228
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