Top Coleraine, MN Mortgage Lenders

RankColeraine Mortgage LenderColeraine Home Loans ProcessedColeraine Home Loans ApprovedColeraine Home Loans DeniedColeraine Mortgage Median Loan to Income Ratio (LTR) for Approved LoansColeraine Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 614 70%7%
  • 143%
  • (129,000 Loan / $90,000 Income)
  • 222%
  • (20,000 Loan / $9,000 Income)
2Wells Fargo Bank 439 66%17%
  • 182%
  • (153,000 / $84,000)
  • 135%
  • (50,000 / $37,000)
3American Bank Of The North 171 74%16%
  • 130%
  • (155,000 / $119,000)
  • 215%
  • (95,000 / $44,000)
4Jpmorgan Chase Bank 93 86%13%
  • 259%
  • (109,000 / $42,000)
  • 246%
  • (133,000 / $54,000)
5Countrywide Bank Fsb 91 78%13%
  • 197%
  • (203,000 / $103,000)
  • 294%
  • (150,000 / $51,000)
6Citifinancial Services Inc 75 33%40%
  • 206%
  • (122,000 / $59,000)
  • 227%
  • (107,000 / $47,000)
7Us Bank 71 84%8%
  • 240%
  • (130,000 / $54,000)
  • 308%
  • (77,000 / $25,000)
8Citimortgage 66 80%6%
  • 228%
  • (137,000 / $60,000)
  • 417%
  • (121,000 / $29,000)
9Cmg Mortgage Insurance Co. 57 94%1%
  • 213%
  • (126,000 / $59,000)
  • 271%
  • (179,000 / $66,000)
10Northview Bank 52 67%17%
  • 180%
  • (175,000 / $97,000)
  • 190%
  • (116,000 / $61,000)
11Us Bank North Dakota 50 44%32%
  • 86%
  • (38,000 / $44,000)
  • 217%
  • (135,000 / $62,000)
12Beneficial Company Llc 50 8%76%
  • 183%
  • (183,000 / $100,000)
  • 203%
  • (61,000 / $30,000)
13Mortgage Guaranty Insurance Co 48 75%8%
  • 231%
  • (139,000 / $60,000)
  • 242%
  • (264,000 / $109,000)
14Countrywide Home Loans 39 76%15%
  • 197%
  • (93,000 / $47,000)
  • 164%
  • (69,000 / $42,000)
15Phh Mortgage Corporation 36 77%2%
  • 150%
  • (144,000 / $96,000)
  • 320%
  • (109,000 / $34,000)
16United Guaranty Corporation 33 84%0%
  • 225%
  • (158,000 / $70,000)
0
17Citibank 33 66%24%
  • 84%
  • (101,000 / $120,000)
  • 66%
  • (42,000 / $63,000)
18Wells Fargo Fin'l Minnesota 32 9%31%
  • 299%
  • (299,000 / $100,000)
  • 155%
  • (163,000 / $105,000)
19Merchants Bank 32 96%3%
  • 230%
  • (92,000 / $40,000)
  • 400%
  • (148,000 / $37,000)
20Freedom Mortgage Corp. 30 76%10%
  • 247%
  • (161,000 / $65,000)
  • 126%
  • (139,000 / $110,000)

Coleraine, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,004
  2. Loan Applications Denied: 486
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,968
  5. % of Loan Applications Originated 65

Coleraine, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral9
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Coleraine, 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 - $100,0001,480 6317
$100,000 - $300,0001,461 6614
$300,000 - $500,00061 6013
$500,000 - $1,000,0002 1000

Coleraine, 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 - $100,0002,600 6416
$100,000 - $300,000389 7012
$300,000 - $500,00010 800
$500,000 - $1,000,0003 6633
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Coleraine, 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%15370 14
30 - 60%22364 16
60 - 100%25067 16
100 - 200%99465 14
200 - 300%76965 14
300 - 400%41163 19
> 400%20455 24

Coleraine, 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 Dwelling2,783 6416
Not Owner-Occupied As A Principal Dwelling202 7510
Not Applicable8 5025

Home Owner Property Type Statistics in Coleraine, 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)2,704 6416
One To Four-Family212 814
Manufactured Housing88 5621
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