Top Duluth, MN Mortgage Lenders

RankDuluth Mortgage LenderDuluth Home Loans ProcessedDuluth Home Loans ApprovedDuluth Home Loans DeniedDuluth Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDuluth Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 17,289 68%14%
  • 194%
  • (365,000 Loan / $188,000 Income)
  • 176%
  • (104,000 Loan / $59,000 Income)
2Us Bank 3,882 82%9%
  • 216%
  • (132,000 / $61,000)
  • 244%
  • (186,000 / $76,000)
3North Shore Bank Of Commerce 2,929 81%9%
  • 208%
  • (150,000 / $72,000)
  • 211%
  • (55,000 / $26,000)
4Affinity Plus Federal Credit U 2,557 62%4%
  • 131%
  • (104,000 / $79,000)
  • 223%
  • (134,000 / $60,000)
5Think Mutual Bank 2,202 70%8%
  • 130%
  • (179,000 / $137,000)
  • 148%
  • (61,000 / $41,000)
6Jpmorgan Chase Bank 2,189 85%12%
  • 201%
  • (135,000 / $67,000)
  • 191%
  • (115,000 / $60,000)
7Bank Of America 2,076 79%11%
  • 230%
  • (235,000 / $102,000)
  • 257%
  • (67,000 / $26,000)
8Countrywide Bank Fsb 1,924 73%15%
  • 222%
  • (140,000 / $63,000)
  • 242%
  • (126,000 / $52,000)
9Mortgage Guaranty Insurance Co 1,729 77%6%
  • 258%
  • (137,000 / $53,000)
  • 250%
  • (276,000 / $110,000)
10Citimortgage 1,699 77%8%
  • 200%
  • (120,000 / $60,000)
  • 218%
  • (94,000 / $43,000)
11Home Federal Savings Bank 1,570 63%12%
  • 161%
  • (110,000 / $68,000)
  • 181%
  • (80,000 / $44,000)
12United Guaranty Corporation 1,271 81%5%
  • 246%
  • (165,000 / $67,000)
  • 253%
  • (413,000 / $163,000)
13Liberty Savings Bank Fsb 1,158 92%3%
  • 232%
  • (65,000 / $28,000)
  • 300%
  • (93,000 / $31,000)
14Us Bank North Dakota 1,131 39%43%
  • 125%
  • (185,000 / $148,000)
  • 166%
  • (80,000 / $48,000)
15Countrywide Home Loans 1,128 82%12%
  • 203%
  • (112,000 / $55,000)
  • 242%
  • (518,000 / $214,000)
16Eastwood Bank 1,091 75%9%
  • 177%
  • (193,000 / $109,000)
  • 171%
  • (151,000 / $88,000)
17Phh Mortgage Corporation 1,048 84%3%
  • 212%
  • (168,000 / $79,000)
  • 226%
  • (77,000 / $34,000)
18Genworth Mortgage Insurance Co 1,009 73%2%
  • 254%
  • (288,000 / $113,000)
  • 283%
  • (170,000 / $60,000)
19Us Bk Na Nd 977 44%44%
  • 128%
  • (67,000 / $52,000)
  • 170%
  • (123,000 / $72,000)
20Beneficial Company Llc 953 8%78%
  • 150%
  • (90,000 / $60,000)
  • 226%
  • (179,000 / $79,000)

Duluth, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 84,888
  2. Loan Applications Denied: 13,016
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 57,993
  5. % of Loan Applications Originated 68

Duluth, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Duluth, 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 - $100,00029,617 6617
$100,000 - $300,00050,644 6914
$300,000 - $500,0004,276 6813
$500,000 - $1,000,000332 6020
$1,000,000 - $1,500,00016 4337
$1,500,000 - $2,000,0002 050
> $2,000,0001 1000

Duluth, 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 - $100,00066,063 6616
$100,000 - $300,00017,218 7211
$300,000 - $500,0001,110 7410
$500,000 - $1,000,000404 7111
$1,000,000 - $1,500,00049 5218
$1,500,000 - $2,000,00020 7510
> $2,000,00024 830

Loan to Income Ratios Research for Mortgage in Duluth, 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%4,07665 21
30 - 60%5,18567 16
60 - 100%7,37067 15
100 - 200%25,03170 12
200 - 300%23,83469 13
300 - 400%12,60567 15
> 400%6,78754 25

Duluth, 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 Dwelling79,335 6815
Not Owner-Occupied As A Principal Dwelling5,194 6518
Not Applicable88 7213

Home Owner Property Type Statistics in Duluth, 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)77,721 6715
One To Four-Family6,127 794
Manufactured Housing1,040 5133
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