Top Champion, MN Mortgage Lenders

RankChampion Mortgage LenderChampion Home Loans ProcessedChampion Home Loans ApprovedChampion Home Loans DeniedChampion Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChampion Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 72 65%16%
  • 155%
  • (62,000 Loan / $40,000 Income)
  • 132%
  • (45,000 Loan / $34,000 Income)
2American Federal Bank 66 78%12%
  • 141%
  • (216,000 / $153,000)
  • 100%
  • (16,000 / $16,000)
3Midwest Bank 52 84%13%
  • 141%
  • (61,000 / $43,000)
  • 220%
  • (95,000 / $43,000)
4State Bank & Trust 48 58%25%
  • 116%
  • (162,000 / $139,000)
  • 102%
  • (43,000 / $42,000)
5Gate City Bank 48 64%16%
  • 103%
  • (32,000 / $31,000)
  • 239%
  • (55,000 / $23,000)
6Jpmorgan Chase Bank 28 82%14%
  • 186%
  • (84,000 / $45,000)
  • 128%
  • (73,000 / $57,000)
7Citimortgage 23 86%4%
  • 308%
  • (71,000 / $23,000)
  • 49%
  • (80,000 / $162,000)
8Bank Of The West 23 52%43%
  • 63%
  • (36,000 / $57,000)
  • 130%
  • (180,000 / $138,000)
9Affinity Plus Federal Credit U 23 69%4%
  • 48%
  • (16,000 / $33,000)
  • 233%
  • (49,000 / $21,000)
10Riverwood Bank 18 88%5%
  • 105%
  • (55,000 / $52,000)
  • 67%
  • (35,000 / $52,000)
11First Community Credit Union 17 52%35%
  • 104%
  • (74,000 / $71,000)
  • 234%
  • (68,000 / $29,000)
12Citifinancial Services Inc 15 6%60%
  • 140%
  • (42,000 / $30,000)
  • 197%
  • (71,000 / $36,000)
13Us Bank 12 66%25%
  • 207%
  • (199,000 / $96,000)
  • 187%
  • (199,000 / $106,000)
14Us Bk Na Nd 8 62%25%
  • 111%
  • (59,000 / $53,000)
  • 188%
  • (143,000 / $76,000)
15Us Bank North Dakota 8 0%62% 0
  • 95%
  • (118,000 / $124,000)
16Town And Country Credit Union 7 100%0%
  • 100%
  • (70,000 / $70,000)
0
17Mortgage Guaranty Insurance Co 7 71%0%
  • 122%
  • (132,000 / $108,000)
0
18Embrace Home Loans, 7 0%28% 0
  • 269%
  • (116,000 / $43,000)
19Phh Mortgage Corporation 6 66%0%
  • 240%
  • (108,000 / $45,000)
0
20Alerus Financial 6 100%0%
  • 181%
  • (189,000 / $104,000)
0

Champion, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 610
  2. Loan Applications Denied: 128
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 389
  5. % of Loan Applications Originated 63

Champion, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history27
Collateral17
Debt-to-income ratio10
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Champion, 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 - $100,000379 6124
$100,000 - $300,000221 6714
$300,000 - $500,0008 4937
$500,000 - $1,000,0002 050

Champion, 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 - $100,000523 6421
$100,000 - $300,00084 5920
$300,000 - $500,0002 5050
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Champion, 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%6167 26
30 - 60%7057 22
60 - 100%6966 20
100 - 200%20368 15
200 - 300%14259 23
300 - 400%4270 19
> 400%2329 39

Champion, 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 Dwelling597 6420
Not Owner-Occupied As A Principal Dwelling13 4638

Home Owner Property Type Statistics in Champion, 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)568 6321
Manufactured Housing23 6021
One To Four-Family19 780
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