Top Elmer, MN Mortgage Lenders

RankElmer Mortgage LenderElmer Home Loans ProcessedElmer Home Loans ApprovedElmer Home Loans DeniedElmer Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElmer Mortgage Median LTR for Denied Loans
1Agstar Financial Services 33 72%3%
  • 169%
  • (88,000 Loan / $52,000 Income)
  • 128%
  • (136,000 Loan / $106,000 Income)
2Jpmorgan Chase Bank 28 82%17%
  • 207%
  • (114,000 / $55,000)
  • 235%
  • (33,000 / $14,000)
3Wells Fargo Bank 23 60%21%
  • 177%
  • (71,000 / $40,000)
  • 248%
  • (248,000 / $100,000)
4Taylor, Bean & Whitaker 21 100%0%
  • 237%
  • (64,000 / $27,000)
0
5Mortgage Guaranty Insurance Co 20 75%5%
  • 169%
  • (88,000 / $52,000)
  • 208%
  • (104,000 / $50,000)
6Citimortgage 14 78%7%
  • 134%
  • (191,000 / $142,000)
  • 224%
  • (128,000 / $57,000)
7Genworth Mortgage Insurance Co 10 70%0%
  • 153%
  • (95,000 / $62,000)
0
8First Premier Bank 9 88%0%
  • 180%
  • (123,000 / $68,000)
0
9Beneficial Company Llc 7 14%42%
  • 213%
  • (96,000 / $45,000)
  • 223%
  • (76,000 / $34,000)
10Gmac Mortgage Llc 6 0%83% 0
  • 285%
  • (100,000 / $35,000)
11Countrywide Home Loans 6 33%66% 0
  • 220%
  • (55,000 / $25,000)
12Bank Of America 6 83%0%
  • 216%
  • (106,000 / $49,000)
0
13United Guaranty Corporation 5 80%0%
  • 135%
  • (130,000 / $96,000)
0
14Suntrust Mortgage 5 100%0%
  • 200%
  • (130,000 / $65,000)
0
15Summit Mortgage Corporation 5 80%0%
  • 136%
  • (101,000 / $74,000)
0
16Plains Commerce Bank 5 20%60%
  • 104%
  • (65,000 / $62,000)
  • 181%
  • (80,000 / $44,000)
17Nycb Mortgage Company Llc 5 100%0%
  • 111%
  • (122,000 / $109,000)
0
18Embrace Home Loans, 5 20%20%
  • 283%
  • (34,000 / $12,000)
  • 86%
  • (44,000 / $51,000)
19Citifinancial Services Inc 5 60%40%
  • 75%
  • (22,000 / $29,000)
  • 86%
  • (25,000 / $29,000)
20Wells Fargo Funding 4 100%0% 0 0

Elmer, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 345
  2. Loan Applications Denied: 65
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 220
  5. % of Loan Applications Originated 63

Elmer, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history8
Collateral7
Debt-to-income ratio3
Unverifiable information2
Credit application incomplete2

Elmer, 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 - $100,000183 6220
$100,000 - $300,000154 6415
$300,000 - $500,0007 5742
$500,000 - $1,000,0001 00

Elmer, 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 - $100,000299 6119
$100,000 - $300,00041 7214
$300,000 - $500,0002 1000
$500,000 - $1,000,0002 1000
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Elmer, 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%1337 38
30 - 60%1249 16
60 - 100%4776 10
100 - 200%13768 16
200 - 300%9961 19
300 - 400%2245 31
> 400%1546 33

Elmer, 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 Dwelling334 6319
Not Owner-Occupied As A Principal Dwelling9 770
Not Applicable1 00

Home Owner Property Type Statistics in Elmer, 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)297 6121
One To Four-Family45 752
Manufactured Housing3 1000
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