Top Elkton, MN Mortgage Lenders

RankElkton Mortgage LenderElkton Home Loans ProcessedElkton Home Loans ApprovedElkton Home Loans DeniedElkton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElkton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 359 66%14%
  • 176%
  • (69,000 Loan / $39,000 Income)
  • 170%
  • (147,000 Loan / $86,000 Income)
2State Bank & Trust 163 66%17%
  • 126%
  • (85,000 / $67,000)
  • 180%
  • (121,000 / $67,000)
3Midwest Bank 142 85%9%
  • 139%
  • (128,000 / $92,000)
  • 320%
  • (77,000 / $24,000)
4Gate City Bank 84 71%10%
  • 185%
  • (169,000 / $91,000)
  • 107%
  • (85,000 / $79,000)
5Citimortgage 79 92%1%
  • 236%
  • (305,000 / $129,000)
  • 172%
  • (200,000 / $116,000)
6Jpmorgan Chase Bank 53 92%5%
  • 253%
  • (142,000 / $56,000)
  • 164%
  • (112,000 / $68,000)
7First National Bank 38 81%7%
  • 127%
  • (120,000 / $94,000)
  • 178%
  • (130,000 / $73,000)
8Affinity Plus Federal Credit U 38 81%0%
  • 121%
  • (69,000 / $57,000)
0
9Town And Country Credit Union 36 75%11%
  • 181%
  • (134,000 / $74,000)
  • 192%
  • (150,000 / $78,000)
10Bank Of America 32 84%6%
  • 186%
  • (129,000 / $69,000)
  • 183%
  • (114,000 / $62,000)
11American Federal Bank 32 75%18%
  • 162%
  • (198,000 / $122,000)
  • 350%
  • (168,000 / $48,000)
12Cornerstone Bank 31 90%3%
  • 197%
  • (180,000 / $91,000)
  • 300%
  • (81,000 / $27,000)
13Mortgage Guaranty Insurance Co 27 77%7%
  • 231%
  • (155,000 / $67,000)
  • 290%
  • (93,000 / $32,000)
14Us Bank 26 73%15%
  • 268%
  • (110,000 / $41,000)
  • 185%
  • (124,000 / $67,000)
15Countrywide Bank Fsb 26 73%19%
  • 184%
  • (175,000 / $95,000)
  • 147%
  • (105,000 / $71,000)
16Bremer Bank Na (Fargo) 26 65%7%
  • 166%
  • (163,000 / $98,000)
  • 227%
  • (50,000 / $22,000)
17First International Bank & Tru 23 60%8%
  • 365%
  • (150,000 / $41,000)
  • 379%
  • (417,000 / $110,000)
18Alerus Financial 22 81%9%
  • 119%
  • (140,000 / $117,000)
  • 89%
  • (85,000 / $95,000)
19First Mortgage Service Inc 20 75%15%
  • 195%
  • (119,000 / $61,000)
  • 334%
  • (184,000 / $55,000)
20United Guaranty Corporation 19 78%0%
  • 247%
  • (114,000 / $46,000)
0

Elkton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,830
  2. Loan Applications Denied: 259
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,266
  5. % of Loan Applications Originated 69

Elkton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral8
Debt-to-income ratio7
Credit application incomplete4
Mortgage insurance denied0

Elkton, 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 - $100,000740 6716
$100,000 - $300,0001,064 6912
$300,000 - $500,00026 6411

Elkton, 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 - $100,0001,550 6814
$100,000 - $300,000272 6913
$300,000 - $500,0006 990
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Elkton, 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%10278 12
30 - 60%11468 15
60 - 100%15867 16
100 - 200%66470 13
200 - 300%48167 12
300 - 400%22365 14
> 400%8861 23

Elkton, 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 Dwelling1,790 6913
Not Owner-Occupied As A Principal Dwelling40 5222

Home Owner Property Type Statistics in Elkton, 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)1,699 6814
One To Four-Family98 755
Manufactured Housing33 7515
More Elkton, MN Mortgage Research: