Top Ellington, MN Mortgage Lenders

RankEllington Mortgage LenderEllington Home Loans ProcessedEllington Home Loans ApprovedEllington Home Loans DeniedEllington Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEllington Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 161 51%27%
  • 198%
  • (141,000 Loan / $71,000 Income)
  • 162%
  • (112,000 Loan / $69,000 Income)
2Agstar Financial Services 36 47%8%
  • 159%
  • (35,000 / $22,000)
  • 150%
  • (12,000 / $8,000)
3Farmers State Bank Of West Con 34 55%29%
  • 85%
  • (40,000 / $47,000)
  • 178%
  • (107,000 / $60,000)
4Eastwood Bank 31 64%22%
  • 264%
  • (185,000 / $70,000)
  • 137%
  • (55,000 / $40,000)
5Jpmorgan Chase Bank 29 86%10%
  • 215%
  • (41,000 / $19,000)
  • 291%
  • (230,000 / $79,000)
6Affinity Plus Federal Credit U 26 69%3%
  • 82%
  • (32,000 / $39,000)
  • 118%
  • (140,000 / $118,000)
7Think Mutual Bank 23 30%39%
  • 90%
  • (45,000 / $50,000)
  • 68%
  • (26,000 / $38,000)
8Beneficial Company Llc 22 9%90%
  • 400%
  • (384,000 / $96,000)
  • 276%
  • (105,000 / $38,000)
9Countrywide Bank Fsb 20 70%20%
  • 242%
  • (109,000 / $45,000)
  • 241%
  • (135,000 / $56,000)
10Bank Of America 18 66%22%
  • 336%
  • (128,000 / $38,000)
  • 146%
  • (91,000 / $62,000)
11Countrywide Home Loans 17 88%11%
  • 201%
  • (113,000 / $56,000)
  • 309%
  • (220,000 / $71,000)
12Citimortgage 16 87%0%
  • 196%
  • (53,000 / $27,000)
0
13Citifinancial Services Inc 14 50%21%
  • 181%
  • (67,000 / $37,000)
  • 59%
  • (13,000 / $22,000)
14Us Bank 12 83%16%
  • 350%
  • (126,000 / $36,000)
  • 263%
  • (121,000 / $46,000)
15Merchants Bank 12 91%8%
  • 206%
  • (68,000 / $33,000)
  • 213%
  • (194,000 / $91,000)
16Citizens State Bank Of Hayfiel 12 91%8%
  • 62%
  • (70,000 / $112,000)
  • 34%
  • (38,000 / $109,000)
17Wells Fargo Funding 11 100%0%
  • 216%
  • (234,000 / $108,000)
0
18Mortgage Guaranty Insurance Co 11 54%27%
  • 351%
  • (137,000 / $39,000)
  • 289%
  • (133,000 / $46,000)
19Mayo Employees Federal Cu 10 80%20%
  • 40%
  • (35,000 / $87,000)
  • 173%
  • (85,000 / $49,000)
20Genworth Mortgage Insurance Co 10 60%0%
  • 270%
  • (119,000 / $44,000)
0

Ellington, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 804
  2. Loan Applications Denied: 186
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 450
  5. % of Loan Applications Originated 55

Ellington, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history14
Debt-to-income ratio12
Unverifiable information2
Credit application incomplete2

Ellington, 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 - $100,000390 5523
$100,000 - $300,000397 5521
$300,000 - $500,00016 4950
$500,000 - $1,000,0001 1000

Ellington, 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 - $100,000677 5324
$100,000 - $300,000124 6616
$300,000 - $500,0001 0100
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Ellington, 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%4454 31
30 - 60%5651 28
60 - 100%8159 17
100 - 200%23255 24
200 - 300%21461 19
300 - 400%12648 25
> 400%5152 23

Ellington, 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 Dwelling771 5523
Not Owner-Occupied As A Principal Dwelling31 7416
Not Applicable1 00

Home Owner Property Type Statistics in Ellington, 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)755 5523
One To Four-Family39 667
Manufactured Housing10 4030
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