Top Ellendale, MN Mortgage Lenders

RankEllendale Mortgage LenderEllendale Home Loans ProcessedEllendale Home Loans ApprovedEllendale Home Loans DeniedEllendale Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEllendale Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 792 66%15%
  • 196%
  • (396,000 Loan / $202,000 Income)
  • 208%
  • (123,000 Loan / $59,000 Income)
2Us Bank 298 76%13%
  • 247%
  • (99,000 / $40,000)
  • 239%
  • (182,000 / $76,000)
3Jpmorgan Chase Bank 279 85%12%
  • 204%
  • (256,000 / $125,000)
  • 222%
  • (160,000 / $72,000)
4Affinity Plus Federal Credit U 203 72%4%
  • 134%
  • (74,000 / $55,000)
  • 276%
  • (108,000 / $39,000)
5Citimortgage 151 87%4%
  • 237%
  • (299,000 / $126,000)
  • 208%
  • (94,000 / $45,000)
6Bank Of America 127 75%13%
  • 259%
  • (70,000 / $27,000)
  • 225%
  • (117,000 / $52,000)
7Countrywide Bank Fsb 126 70%17%
  • 211%
  • (108,000 / $51,000)
  • 290%
  • (64,000 / $22,000)
8Us Bank North Dakota 89 34%51%
  • 133%
  • (76,000 / $57,000)
  • 125%
  • (80,000 / $64,000)
9State Bank & Trust 87 73%12%
  • 116%
  • (56,000 / $48,000)
  • 256%
  • (100,000 / $39,000)
10Countrywide Home Loans 73 79%15%
  • 266%
  • (64,000 / $24,000)
  • 209%
  • (209,000 / $100,000)
11Pine River State Bank 68 83%8%
  • 100%
  • (72,000 / $72,000)
  • 156%
  • (36,000 / $23,000)
12American Federal Bank 67 74%17%
  • 180%
  • (217,000 / $120,000)
  • 271%
  • (144,000 / $53,000)
13Beneficial Company Llc 66 6%87%
  • 160%
  • (66,000 / $41,000)
  • 317%
  • (235,000 / $74,000)
14Citibank 61 75%11%
  • 97%
  • (105,000 / $108,000)
  • 116%
  • (99,000 / $85,000)
15Gate City Bank 60 86%3%
  • 185%
  • (52,000 / $28,000)
  • 431%
  • (82,000 / $19,000)
16Mortgage Guaranty Insurance Co 57 82%5%
  • 242%
  • (138,000 / $57,000)
  • 365%
  • (303,000 / $83,000)
17Agstar Financial Services 57 52%3%
  • 134%
  • (118,000 / $88,000)
  • 479%
  • (465,000 / $97,000)
18Unity Bank 55 76%20%
  • 184%
  • (94,000 / $51,000)
  • 305%
  • (55,000 / $18,000)
19Genworth Mortgage Insurance Co 47 44%8%
  • 195%
  • (119,000 / $61,000)
  • 365%
  • (303,000 / $83,000)
20Wells Fargo Funding 46 95%2%
  • 170%
  • (281,000 / $165,000)
  • 231%
  • (118,000 / $51,000)

Ellendale, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,510
  2. Loan Applications Denied: 824
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 2,977
  5. % of Loan Applications Originated 66

Ellendale, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Ellendale, 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 - $100,0001,396 6121
$100,000 - $300,0002,515 6617
$300,000 - $500,000495 7213
$500,000 - $1,000,00077 6314
$1,000,000 - $1,500,00023 3439
$1,500,000 - $2,000,0003 6633
> $2,000,0001 00

Ellendale, 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 - $100,0003,280 6120
$100,000 - $300,0001,012 7311
$300,000 - $500,000127 7411
$500,000 - $1,000,00068 6911
$1,000,000 - $1,500,00017 7517
$1,500,000 - $2,000,0005 8020
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Ellendale, 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%17461 20
30 - 60%26268 19
60 - 100%38570 17
100 - 200%1,31470 12
200 - 300%1,22865 17
300 - 400%68061 23
> 400%46750 29

Ellendale, 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 Dwelling3,691 6320
Not Owner-Occupied As A Principal Dwelling794 799
Not Applicable9 7711

Home Owner Property Type Statistics in Ellendale, 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)4,115 6518
One To Four-Family226 715
Manufactured Housing169 6226
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