Top Elko New Market, MN Mortgage Lenders

RankElko New Market Mortgage LenderElko New Market Home Loans ProcessedElko New Market Home Loans ApprovedElko New Market Home Loans DeniedElko New Market Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElko New Market Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,156 68%12%
  • 238%
  • (238,000 Loan / $100,000 Income)
  • 238%
  • (413,000 Loan / $173,000 Income)
2Jpmorgan Chase Bank 306 87%10%
  • 261%
  • (248,000 / $95,000)
  • 243%
  • (268,000 / $110,000)
3Us Bank 230 75%15%
  • 247%
  • (220,000 / $89,000)
  • 338%
  • (254,000 / $75,000)
4Citimortgage 194 77%8%
  • 259%
  • (417,000 / $161,000)
  • 296%
  • (380,000 / $128,000)
5Bank Of America 151 76%11%
  • 231%
  • (417,000 / $180,000)
  • 271%
  • (312,000 / $115,000)
6Countrywide Bank Fsb 144 79%11%
  • 246%
  • (219,000 / $89,000)
  • 302%
  • (275,000 / $91,000)
7Citibank 137 73%13%
  • 109%
  • (133,000 / $122,000)
  • 123%
  • (246,000 / $200,000)
8Wells Fargo Funding 122 100%0%
  • 251%
  • (292,000 / $116,000)
0
9Affinity Plus Federal Credit U 107 69%2%
  • 169%
  • (188,000 / $111,000)
  • 264%
  • (400,000 / $151,000)
10Countrywide Home Loans 102 84%9%
  • 253%
  • (243,000 / $96,000)
  • 245%
  • (419,000 / $171,000)
11Bell America Mortgage Llc Dba 90 77%1%
  • 291%
  • (236,000 / $81,000)
  • 436%
  • (144,000 / $33,000)
12Phh Home Loans 86 82%1%
  • 265%
  • (236,000 / $89,000)
  • 180%
  • (269,000 / $149,000)
13Us Bk Na Nd 75 40%45%
  • 156%
  • (135,000 / $86,000)
  • 191%
  • (115,000 / $60,000)
14State Bank & Trust 73 82%4%
  • 304%
  • (362,000 / $119,000)
  • 270%
  • (157,000 / $58,000)
15The Business Bank 61 95%3%
  • 248%
  • (216,000 / $87,000)
  • 99%
  • (365,000 / $368,000)
16Provident Funding Associates 59 62%16%
  • 246%
  • (320,000 / $130,000)
  • 320%
  • (417,000 / $130,000)
17Summit Mortgage Corporation 56 80%3%
  • 246%
  • (160,000 / $65,000)
  • 481%
  • (236,000 / $49,000)
18Us Bank North Dakota 49 24%57%
  • 210%
  • (240,000 / $114,000)
  • 289%
  • (500,000 / $173,000)
19United Guaranty Corporation 49 77%12%
  • 285%
  • (417,000 / $146,000)
  • 377%
  • (306,000 / $81,000)
20Quicken Loans 46 78%19%
  • 283%
  • (230,000 / $81,000)
  • 250%
  • (295,000 / $118,000)

Elko New Market, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,622
  2. Loan Applications Denied: 827
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 3,859
  5. % of Loan Applications Originated 68

Elko New Market, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history9
Credit application incomplete4
Unverifiable information2

Elko New Market, 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 - $100,000630 6419
$100,000 - $300,0003,504 7211
$300,000 - $500,0001,373 6117
$500,000 - $1,000,000106 4832
$1,000,000 - $1,500,0007 1457
$1,500,000 - $2,000,0002 0100

Elko New Market, 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 - $100,0003,200 6615
$100,000 - $300,0002,260 7012
$300,000 - $500,00095 6516
$500,000 - $1,000,00058 5515
$1,000,000 - $1,500,0005 4020
$1,500,000 - $2,000,0004 5025

Loan to Income Ratios Research for Mortgage in Elko New Market, 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%16358 26
30 - 60%23865 15
60 - 100%29871 14
100 - 200%1,14372 11
200 - 300%1,75173 11
300 - 400%1,25365 14
> 400%77656 23

Elko New Market, 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 Dwelling5,391 6814
Not Owner-Occupied As A Principal Dwelling223 6116
Not Applicable4 5050

Home Owner Property Type Statistics in Elko New Market, 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)5,390 6815
One To Four-Family228 766
Manufactured Housing4 2525
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