Top Caledonia, MN Mortgage Lenders

RankCaledonia Mortgage LenderCaledonia Home Loans ProcessedCaledonia Home Loans ApprovedCaledonia Home Loans DeniedCaledonia Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCaledonia Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 699 66%18%
  • 182%
  • (162,000 Loan / $89,000 Income)
  • 175%
  • (77,000 Loan / $44,000 Income)
2Merchants Bank 346 70%7%
  • 160%
  • (109,000 / $68,000)
  • 228%
  • (80,000 / $35,000)
3State Bank & Trust 342 84%5%
  • 96%
  • (118,000 / $122,000)
  • 188%
  • (100,000 / $53,000)
4Gate City Bank 298 81%4%
  • 150%
  • (160,000 / $106,000)
  • 187%
  • (15,000 / $8,000)
5Jpmorgan Chase Bank 157 87%11%
  • 167%
  • (159,000 / $95,000)
  • 232%
  • (130,000 / $56,000)
6Citimortgage 143 86%2%
  • 189%
  • (161,000 / $85,000)
  • 381%
  • (168,000 / $44,000)
7Us Bank 137 80%9%
  • 223%
  • (179,000 / $80,000)
  • 240%
  • (96,000 / $40,000)
8Bank Of The West 127 70%18%
  • 151%
  • (156,000 / $103,000)
  • 129%
  • (220,000 / $170,000)
9Affinity Plus Federal Credit U 117 74%0%
  • 129%
  • (110,000 / $85,000)
  • 185%
  • (178,000 / $96,000)
10American Federal Bank 112 69%16%
  • 163%
  • (200,000 / $122,000)
  • 200%
  • (144,000 / $72,000)
11Mortgage Guaranty Insurance Co 108 80%3%
  • 225%
  • (205,000 / $91,000)
  • 400%
  • (144,000 / $36,000)
12Countrywide Bank Fsb 92 71%15%
  • 208%
  • (223,000 / $107,000)
  • 334%
  • (194,000 / $58,000)
13Bremer Bank Na (Grand Forks) 84 85%1%
  • 162%
  • (57,000 / $35,000)
  • 51%
  • (36,000 / $70,000)
14United Guaranty Corporation 82 78%2%
  • 240%
  • (125,000 / $52,000)
  • 330%
  • (215,000 / $65,000)
15Wells Fargo Funding 76 100%0%
  • 218%
  • (120,000 / $55,000)
0
16Bank Of America 72 79%12%
  • 236%
  • (111,000 / $47,000)
  • 236%
  • (85,000 / $36,000)
17Altra Federal Credit Union 72 76%4%
  • 157%
  • (71,000 / $45,000)
  • 227%
  • (66,000 / $29,000)
18Genworth Mortgage Insurance Co 60 73%3%
  • 290%
  • (125,000 / $43,000)
  • 462%
  • (111,000 / $24,000)
19Tcf National Bank 59 32%52%
  • 252%
  • (58,000 / $23,000)
  • 263%
  • (121,000 / $46,000)
20Eitzen State Bank 57 80%7%
  • 149%
  • (310,000 / $207,000)
  • 194%
  • (70,000 / $36,000)

Caledonia, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,430
  2. Loan Applications Denied: 785
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 3,783
  5. % of Loan Applications Originated 69

Caledonia, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral9
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Caledonia, 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 - $100,0002,368 7014
$100,000 - $300,0002,990 6814
$300,000 - $500,00067 6314
$500,000 - $1,000,0005 8020

Caledonia, 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 - $100,0004,504 6815
$100,000 - $300,000886 769
$300,000 - $500,00026 8315
$500,000 - $1,000,00010 600
$1,000,000 - $1,500,0003 3333
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Caledonia, 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%38973 13
30 - 60%41069 14
60 - 100%48468 15
100 - 200%1,59872 10
200 - 300%1,43372 12
300 - 400%71965 15
> 400%39746 35

Caledonia, 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 Dwelling5,197 6914
Not Owner-Occupied As A Principal Dwelling217 7114
Not Applicable7 8514

Home Owner Property Type Statistics in Caledonia, 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)5,022 6915
One To Four-Family380 792
Manufactured Housing28 5025
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