Top Deer River, MN Mortgage Lenders

RankDeer River Mortgage LenderDeer River Home Loans ProcessedDeer River Home Loans ApprovedDeer River Home Loans DeniedDeer River Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDeer River Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,079 62%17%
  • 204%
  • (98,000 Loan / $48,000 Income)
  • 170%
  • (119,000 Loan / $70,000 Income)
2Affinity Plus Federal Credit U 641 69%6%
  • 118%
  • (114,000 / $96,000)
  • 247%
  • (171,000 / $69,000)
3Jpmorgan Chase Bank 626 81%15%
  • 233%
  • (105,000 / $45,000)
  • 210%
  • (80,000 / $38,000)
4Countrywide Bank Fsb 518 71%17%
  • 239%
  • (146,000 / $61,000)
  • 248%
  • (149,000 / $60,000)
5Citimortgage 513 77%10%
  • 196%
  • (124,000 / $63,000)
  • 238%
  • (62,000 / $26,000)
6Beneficial Company Llc 349 6%77%
  • 201%
  • (199,000 / $99,000)
  • 214%
  • (103,000 / $48,000)
7Countrywide Home Loans 329 77%14%
  • 224%
  • (110,000 / $49,000)
  • 247%
  • (136,000 / $55,000)
8Bank Of America 322 68%17%
  • 238%
  • (74,000 / $31,000)
  • 206%
  • (169,000 / $82,000)
9Genworth Mortgage Insurance Co 311 56%2%
  • 243%
  • (56,000 / $23,000)
  • 293%
  • (244,000 / $83,000)
10Mortgage Guaranty Insurance Co 307 71%8%
  • 231%
  • (206,000 / $89,000)
  • 244%
  • (127,000 / $52,000)
11Us Bank 271 73%13%
  • 222%
  • (220,000 / $99,000)
  • 233%
  • (140,000 / $60,000)
12Us Bank North Dakota 261 33%46%
  • 128%
  • (45,000 / $35,000)
  • 165%
  • (129,000 / $78,000)
13Citifinancial Services Inc 225 35%41%
  • 157%
  • (52,000 / $33,000)
  • 178%
  • (59,000 / $33,000)
14Agstar Financial Services 221 64%12%
  • 188%
  • (840,000 / $445,000)
  • 297%
  • (113,000 / $38,000)
15Associated Bank 212 75%16%
  • 135%
  • (165,000 / $122,000)
  • 41%
  • (90,000 / $216,000)
16Phh Mortgage Corporation 192 86%2%
  • 217%
  • (250,000 / $115,000)
  • 386%
  • (170,000 / $44,000)
17Embrace Home Loans, 190 8%43%
  • 174%
  • (110,000 / $63,000)
  • 294%
  • (165,000 / $56,000)
18United Guaranty Corporation 175 77%5%
  • 246%
  • (148,000 / $60,000)
  • 234%
  • (68,000 / $29,000)
19Citibank 175 76%13%
  • 53%
  • (25,000 / $47,000)
  • 77%
  • (65,000 / $84,000)
20Wells Fargo Funding 171 98%0%
  • 227%
  • (150,000 / $66,000)
  • 386%
  • (174,000 / $45,000)

Deer River, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 14,854
  2. Loan Applications Denied: 2,910
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 9,222
  5. % of Loan Applications Originated 62

Deer River, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history10
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Deer River, 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 - $100,0006,031 5922
$100,000 - $300,0008,205 6317
$300,000 - $500,000570 5322
$500,000 - $1,000,00043 5732
$1,000,000 - $1,500,0003 660
> $2,000,0002 5050

Deer River, 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 - $100,00012,481 6020
$100,000 - $300,0002,191 6615
$300,000 - $500,000109 6718
$500,000 - $1,000,00054 4533
$1,000,000 - $1,500,00012 4116
$1,500,000 - $2,000,0005 800
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Deer River, 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%65459 24
30 - 60%94458 24
60 - 100%1,34563 20
100 - 200%4,23865 16
200 - 300%4,07363 17
300 - 400%2,21461 18
> 400%1,38648 31

Deer River, 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 Dwelling13,611 6119
Not Owner-Occupied As A Principal Dwelling1,133 6519
Not Applicable31 3525

Home Owner Property Type Statistics in Deer River, 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)13,204 6120
One To Four-Family1,193 724
Manufactured Housing457 5028
More Deer River, MN Mortgage Research: