Top Dumont, MN Mortgage Lenders

RankDumont Mortgage LenderDumont Home Loans ProcessedDumont Home Loans ApprovedDumont Home Loans DeniedDumont Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDumont Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,258 64%16%
  • 190%
  • (99,000 Loan / $52,000 Income)
  • 166%
  • (50,000 Loan / $30,000 Income)
2Jpmorgan Chase Bank 272 87%12%
  • 260%
  • (120,000 / $46,000)
  • 198%
  • (99,000 / $50,000)
3Countrywide Bank Fsb 218 74%15%
  • 200%
  • (98,000 / $49,000)
  • 217%
  • (122,000 / $56,000)
4Citimortgage 165 81%7%
  • 224%
  • (256,000 / $114,000)
  • 236%
  • (225,000 / $95,000)
5Us Bank 154 74%10%
  • 225%
  • (99,000 / $44,000)
  • 220%
  • (77,000 / $35,000)
6Mortgage Guaranty Insurance Co 136 79%8%
  • 229%
  • (108,000 / $47,000)
  • 268%
  • (188,000 / $70,000)
7Countrywide Home Loans 127 83%9%
  • 230%
  • (99,000 / $43,000)
  • 215%
  • (82,000 / $38,000)
8Bank Of America 116 76%12%
  • 189%
  • (72,000 / $38,000)
  • 245%
  • (130,000 / $53,000)
9Beneficial Company Llc 112 4%82%
  • 100%
  • (63,000 / $63,000)
  • 202%
  • (93,000 / $46,000)
10Wells Fargo Fin'l Minnesota 102 22%48%
  • 259%
  • (122,000 / $47,000)
  • 206%
  • (217,000 / $105,000)
11Citizens Bank Minnesota 102 99%0%
  • 142%
  • (100,000 / $70,000)
0
12Genworth Mortgage Insurance Co 95 55%4%
  • 206%
  • (134,000 / $65,000)
  • 273%
  • (71,000 / $26,000)
13Frandsen Bank & Trust 91 94%3%
  • 157%
  • (93,000 / $59,000)
  • 216%
  • (147,000 / $68,000)
14Bank Of The West 83 79%18%
  • 184%
  • (131,000 / $71,000)
  • 135%
  • (180,000 / $133,000)
15Citifinancial Services Inc 80 35%40%
  • 133%
  • (32,000 / $24,000)
  • 113%
  • (100,000 / $88,000)
16Embrace Home Loans, 73 4%41%
  • 161%
  • (76,000 / $47,000)
  • 194%
  • (99,000 / $51,000)
17Wells Fargo Funding 72 95%1%
  • 138%
  • (276,000 / $200,000)
  • 463%
  • (417,000 / $90,000)
18Us Bank North Dakota 70 38%30%
  • 104%
  • (25,000 / $24,000)
  • 202%
  • (160,000 / $79,000)
19Alliance Bank 68 91%5%
  • 126%
  • (63,000 / $50,000)
  • 230%
  • (284,000 / $123,000)
20F & M Community Bank 65 96%1%
  • 162%
  • (120,000 / $74,000)
  • 100%
  • (10,000 / $10,000)

Dumont, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,149
  2. Loan Applications Denied: 1,087
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 4,024
  5. % of Loan Applications Originated 65

Dumont, MN Home Loan Application Denied Reasons

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

Dumont, 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 - $100,0002,559 5921
$100,000 - $300,0003,292 6814
$300,000 - $500,000280 5921
$500,000 - $1,000,00018 930

Dumont, 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 - $100,0004,894 6219
$100,000 - $300,0001,149 7212
$300,000 - $500,00081 852
$500,000 - $1,000,00018 715
$1,000,000 - $1,500,0006 6616
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Dumont, 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%32064 20
30 - 60%41561 21
60 - 100%60267 17
100 - 200%1,85768 14
200 - 300%1,63368 15
300 - 400%83259 21
> 400%49049 25

Dumont, 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 Dwelling5,466 6418
Not Owner-Occupied As A Principal Dwelling643 7511
Not Applicable9 3344

Home Owner Property Type Statistics in Dumont, 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)5,596 6418
One To Four-Family443 766
Manufactured Housing110 5030
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