Top Columbus, MN Mortgage Lenders

RankColumbus Mortgage LenderColumbus Home Loans ProcessedColumbus Home Loans ApprovedColumbus Home Loans DeniedColumbus Mortgage Median Loan to Income Ratio (LTR) for Approved LoansColumbus Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 532 60%17%
  • 205%
  • (210,000 Loan / $102,000 Income)
  • 224%
  • (350,000 Loan / $156,000 Income)
2Us Bank 168 77%13%
  • 257%
  • (340,000 / $132,000)
  • 310%
  • (180,000 / $58,000)
3Jpmorgan Chase Bank 157 83%15%
  • 245%
  • (172,000 / $70,000)
  • 284%
  • (267,000 / $94,000)
4Countrywide Bank Fsb 125 81%9%
  • 232%
  • (221,000 / $95,000)
  • 326%
  • (464,000 / $142,000)
5Tcf National Bank 114 28%38%
  • 245%
  • (440,000 / $179,000)
  • 234%
  • (401,000 / $171,000)
6Citimortgage 111 81%9%
  • 224%
  • (417,000 / $186,000)
  • 314%
  • (261,000 / $83,000)
7Countrywide Home Loans 81 86%9%
  • 295%
  • (210,000 / $71,000)
  • 333%
  • (417,000 / $125,000)
8Bank Of America 77 79%10%
  • 248%
  • (316,000 / $127,000)
  • 349%
  • (391,000 / $112,000)
9Us Bank North Dakota 65 38%35%
  • 122%
  • (65,000 / $53,000)
  • 156%
  • (75,000 / $48,000)
10Affinity Plus Federal Credit U 63 63%7%
  • 125%
  • (69,000 / $55,000)
  • 250%
  • (170,000 / $68,000)
11Wells Fargo Funding 62 95%3%
  • 266%
  • (136,000 / $51,000)
  • 322%
  • (271,000 / $84,000)
12Us Bk Na Nd 46 56%32%
  • 172%
  • (124,000 / $72,000)
  • 149%
  • (100,000 / $67,000)
13Citibank 41 78%9%
  • 115%
  • (110,000 / $95,000)
  • 57%
  • (40,000 / $69,000)
14C.U. Mortgage Services, 38 50%28%
  • 310%
  • (264,000 / $85,000)
  • 550%
  • (264,000 / $48,000)
15Bell America Mortgage Llc Dba 38 63%2%
  • 276%
  • (235,000 / $85,000)
  • 181%
  • (181,000 / $100,000)
16Provident Funding Associates 35 74%14%
  • 227%
  • (250,000 / $110,000)
  • 403%
  • (395,000 / $98,000)
17The Business Bank 33 93%3%
  • 250%
  • (360,000 / $144,000)
  • 96%
  • (135,000 / $140,000)
18Suntrust Mortgage 32 50%21%
  • 330%
  • (231,000 / $70,000)
  • 376%
  • (350,000 / $93,000)
19Phh Home Loans 31 90%0%
  • 258%
  • (349,000 / $135,000)
0
20Mortgage Guaranty Insurance Co 30 66%10%
  • 333%
  • (374,000 / $112,000)
  • 255%
  • (166,000 / $65,000)

Columbus, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,234
  2. Loan Applications Denied: 539
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 2,113
  5. % of Loan Applications Originated 65

Columbus, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Debt-to-income ratio12
Credit history9
Credit application incomplete5
Unverifiable information2

Columbus, 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 - $100,000577 6120
$100,000 - $300,0001,944 6714
$300,000 - $500,000653 6219
$500,000 - $1,000,00059 4330
> $2,000,0001 0100

Columbus, 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 - $100,0002,023 6318
$100,000 - $300,0001,167 6812
$300,000 - $500,00034 5517
$500,000 - $1,000,0008 5012
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Columbus, 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%9862 23
30 - 60%17962 12
60 - 100%20663 16
100 - 200%73470 13
200 - 300%91268 13
300 - 400%64062 17
> 400%46552 26

Columbus, 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 Dwelling3,138 6516
Not Owner-Occupied As A Principal Dwelling89 5917
Not Applicable2 1000

Home Owner Property Type Statistics in Columbus, 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)3,086 6516
One To Four-Family125 726
Manufactured Housing23 2165
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