Top Chippewa Falls, MN Mortgage Lenders

RankChippewa Falls Mortgage LenderChippewa Falls Home Loans ProcessedChippewa Falls Home Loans ApprovedChippewa Falls Home Loans DeniedChippewa Falls Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChippewa Falls Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 235 74%12%
  • 185%
  • (250,000 Loan / $135,000 Income)
  • 208%
  • (152,000 Loan / $73,000 Income)
2Jpmorgan Chase Bank 82 78%17%
  • 271%
  • (220,000 / $81,000)
  • 198%
  • (133,000 / $67,000)
3Riverwood Bank 58 65%12%
  • 168%
  • (175,000 / $104,000)
  • 176%
  • (104,000 / $59,000)
4Bonanza Valley State Bank 49 93%4%
  • 168%
  • (76,000 / $45,000)
  • 730%
  • (73,000 / $10,000)
5Bank Of America 47 72%10%
  • 186%
  • (71,000 / $38,000)
  • 231%
  • (169,000 / $73,000)
6Us Bank 36 72%19%
  • 183%
  • (147,000 / $80,000)
  • 249%
  • (309,000 / $124,000)
7Countrywide Bank Fsb 36 58%30%
  • 175%
  • (140,000 / $80,000)
  • 300%
  • (180,000 / $60,000)
8Bank Of The West 35 77%17%
  • 203%
  • (128,000 / $63,000)
  • 206%
  • (101,000 / $49,000)
9Citimortgage 33 84%0%
  • 196%
  • (104,000 / $53,000)
0
10C.U. Mortgage Services, 27 59%11%
  • 206%
  • (93,000 / $45,000)
  • 104%
  • (88,000 / $84,000)
11Soo Line Credit Union 26 100%0%
  • 66%
  • (20,000 / $30,000)
0
12Citibank 20 75%15%
  • 189%
  • (182,000 / $96,000)
  • 88%
  • (80,000 / $90,000)
13Agstar Financial Services 20 70%5%
  • 255%
  • (102,000 / $40,000)
  • 632%
  • (405,000 / $64,000)
14Central Minnesota Cu 19 68%5%
  • 164%
  • (115,000 / $70,000)
  • 314%
  • (88,000 / $28,000)
15Us Bk Na Nd 18 50%33%
  • 114%
  • (65,000 / $57,000)
  • 113%
  • (110,000 / $97,000)
16Embrace Home Loans, 18 5%55%
  • 243%
  • (134,000 / $55,000)
  • 361%
  • (112,000 / $31,000)
17Wells Fargo Funding 16 93%6%
  • 232%
  • (309,000 / $133,000)
  • 98%
  • (249,000 / $254,000)
18Us Bank North Dakota 16 31%62%
  • 151%
  • (50,000 / $33,000)
  • 202%
  • (95,000 / $47,000)
19North American State Bank 14 85%14%
  • 127%
  • (143,000 / $112,000)
  • 568%
  • (165,000 / $29,000)
20Amerisave Mortgage Corporation 14 57%35%
  • 223%
  • (152,000 / $68,000)
  • 141%
  • (120,000 / $85,000)

Chippewa Falls, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,271
  2. Loan Applications Denied: 220
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 856
  5. % of Loan Applications Originated 67

Chippewa Falls, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral20
Credit history12
Debt-to-income ratio10
Credit application incomplete7
Unverifiable information1

Chippewa Falls, 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 - $100,000421 6321
$100,000 - $300,000760 6815
$300,000 - $500,00084 7111
$500,000 - $1,000,0005 1000
$1,000,000 - $1,500,0001 1000

Chippewa Falls, 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 - $100,000947 6319
$100,000 - $300,000295 7610
$300,000 - $500,00021 709
$500,000 - $1,000,0005 1000
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Chippewa Falls, 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%3262 25
30 - 60%6674 16
60 - 100%16471 15
100 - 200%41168 13
200 - 300%29464 18
300 - 400%18165 18
> 400%12355 25

Chippewa Falls, 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 Dwelling984 6419
Not Owner-Occupied As A Principal Dwelling266 7910
Not Applicable4 1000

Home Owner Property Type Statistics in Chippewa Falls, 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)1,194 6717
One To Four-Family41 637
Manufactured Housing36 6325
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