Top Elba, MN Mortgage Lenders

RankElba Mortgage LenderElba Home Loans ProcessedElba Home Loans ApprovedElba Home Loans DeniedElba Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElba Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 180 61%20%
  • 190%
  • (80,000 Loan / $42,000 Income)
  • 166%
  • (103,000 Loan / $62,000 Income)
2Eastwood Bank 121 74%9%
  • 235%
  • (212,000 / $90,000)
  • 257%
  • (165,000 / $64,000)
3Merchants Bank 108 76%2%
  • 196%
  • (120,000 / $61,000)
  • 520%
  • (208,000 / $40,000)
4Affinity Plus Federal Credit U 97 58%4%
  • 148%
  • (101,000 / $68,000)
  • 514%
  • (144,000 / $28,000)
5Altra Federal Credit Union 86 82%6%
  • 154%
  • (131,000 / $85,000)
  • 53%
  • (21,000 / $39,000)
6Home Federal Savings Bank 61 55%16%
  • 188%
  • (166,000 / $88,000)
  • 225%
  • (133,000 / $59,000)
7United Guaranty Corporation 46 86%2%
  • 244%
  • (271,000 / $111,000)
  • 332%
  • (133,000 / $40,000)
8Genworth Mortgage Insurance Co 23 56%8%
  • 312%
  • (169,000 / $54,000)
  • 217%
  • (100,000 / $46,000)
9Countrywide Bank Fsb 22 72%9%
  • 257%
  • (49,000 / $19,000)
  • 500%
  • (135,000 / $27,000)
10Associated Bank 21 66%9%
  • 182%
  • (173,000 / $95,000)
  • 147%
  • (75,000 / $51,000)
11Mortgage Guaranty Insurance Co 20 55%10%
  • 231%
  • (227,000 / $98,000)
  • 220%
  • (161,000 / $73,000)
12Beneficial Company Llc 18 11%83%
  • 352%
  • (201,000 / $57,000)
  • 263%
  • (158,000 / $60,000)
13Think Mutual Bank 15 66%6%
  • 184%
  • (170,000 / $92,000)
  • 294%
  • (200,000 / $68,000)
14Countrywide Home Loans 14 71%14%
  • 369%
  • (266,000 / $72,000)
  • 270%
  • (135,000 / $50,000)
15Cmg Mortgage Insurance Co. 14 100%0%
  • 218%
  • (155,000 / $71,000)
0
16Agstar Financial Services 13 53%15%
  • 177%
  • (64,000 / $36,000)
  • 1500%
  • (135,000 / $9,000)
17Wells Fargo Fin'l Minnesota 10 10%50%
  • 260%
  • (271,000 / $104,000)
  • 235%
  • (160,000 / $68,000)
18Jpmorgan Chase Bank 10 80%10%
  • 221%
  • (177,000 / $80,000)
  • 80%
  • (50,000 / $62,000)
19Radian Guaranty 8 87%0%
  • 222%
  • (158,000 / $71,000)
0
20Citifinancial Services Inc 8 37%25%
  • 184%
  • (81,000 / $44,000)
  • 148%
  • (49,000 / $33,000)

Elba, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,121
  2. Loan Applications Denied: 165
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 719
  5. % of Loan Applications Originated 64

Elba, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history9
Debt-to-income ratio6
Collateral4
Unverifiable information1
Credit application incomplete1

Elba, 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 - $100,000384 6415
$100,000 - $300,000718 6314
$300,000 - $500,00017 5229
$500,000 - $1,000,0001 0100
$1,500,000 - $2,000,0001 1000

Elba, 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 - $100,000962 6115
$100,000 - $300,000152 747
$300,000 - $500,0002 5050
$500,000 - $1,000,0003 3333
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Elba, 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%4776 8
30 - 60%8071 15
60 - 100%8063 18
100 - 200%31070 10
200 - 300%33861 15
300 - 400%15854 15
> 400%10850 22

Elba, 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 Dwelling1,089 6314
Not Owner-Occupied As A Principal Dwelling30 7010
Not Applicable1 1000

Home Owner Property Type Statistics in Elba, 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)957 6215
One To Four-Family121 793
Manufactured Housing43 4832
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