Top Elmore, MN Mortgage Lenders

RankElmore Mortgage LenderElmore Home Loans ProcessedElmore Home Loans ApprovedElmore Home Loans DeniedElmore Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElmore Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,252 64%14%
  • 187%
  • (45,000 Loan / $24,000 Income)
  • 162%
  • (175,000 Loan / $108,000 Income)
2Jpmorgan Chase Bank 309 85%12%
  • 256%
  • (141,000 / $55,000)
  • 241%
  • (58,000 / $24,000)
3Countrywide Bank Fsb 210 72%13%
  • 187%
  • (101,000 / $54,000)
  • 237%
  • (157,000 / $66,000)
4Citimortgage 189 83%6%
  • 217%
  • (222,000 / $102,000)
  • 277%
  • (75,000 / $27,000)
5State Bank & Trust 177 71%15%
  • 85%
  • (30,000 / $35,000)
  • 180%
  • (92,000 / $51,000)
6Mortgage Guaranty Insurance Co 166 75%4%
  • 220%
  • (212,000 / $96,000)
  • 237%
  • (128,000 / $54,000)
7Us Bank 159 79%11%
  • 220%
  • (108,000 / $49,000)
  • 227%
  • (100,000 / $44,000)
8Home Federal Savings Bank 148 60%10%
  • 175%
  • (140,000 / $80,000)
  • 122%
  • (148,000 / $121,000)
9Genworth Mortgage Insurance Co 147 59%0%
  • 228%
  • (128,000 / $56,000)
  • 181%
  • (58,000 / $32,000)
10Countrywide Home Loans 125 81%12%
  • 190%
  • (228,000 / $120,000)
  • 212%
  • (85,000 / $40,000)
11Beneficial Company Llc 110 5%81%
  • 190%
  • (57,000 / $30,000)
  • 196%
  • (102,000 / $52,000)
12Bank Of America 110 73%15%
  • 198%
  • (139,000 / $70,000)
  • 245%
  • (147,000 / $60,000)
13Embrace Home Loans, 103 11%43%
  • 188%
  • (115,000 / $61,000)
  • 192%
  • (110,000 / $57,000)
14Wells Fargo Fin'l Minnesota 99 17%46%
  • 217%
  • (146,000 / $67,000)
  • 204%
  • (133,000 / $65,000)
15Citifinancial Services Inc 86 43%33%
  • 194%
  • (37,000 / $19,000)
  • 133%
  • (16,000 / $12,000)
16Frandsen Bank & Trust 82 96%0%
  • 183%
  • (66,000 / $36,000)
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17Bank Of The West 80 76%13%
  • 172%
  • (100,000 / $58,000)
  • 251%
  • (209,000 / $83,000)
18Associated Bank 78 65%17%
  • 175%
  • (160,000 / $91,000)
  • 156%
  • (127,000 / $81,000)
19Citizens Bank Minnesota 75 96%2%
  • 180%
  • (94,000 / $52,000)
  • 205%
  • (107,000 / $52,000)
20Wells Fargo Funding 72 98%0%
  • 164%
  • (417,000 / $254,000)
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Elmore, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,422
  2. Loan Applications Denied: 1,100
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 4,193
  5. % of Loan Applications Originated 65

Elmore, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history8
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Elmore, 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 - $100,0002,843 6218
$100,000 - $300,0003,366 6516
$300,000 - $500,000191 7211
$500,000 - $1,000,00017 3447
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0002 500

Elmore, 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 - $100,0005,393 6318
$100,000 - $300,000956 7211
$300,000 - $500,00048 6812
$500,000 - $1,000,00023 5217
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Elmore, 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%32460 19
30 - 60%48367 14
60 - 100%50764 20
100 - 200%2,07667 14
200 - 300%1,80667 15
300 - 400%77861 19
> 400%44848 28

Elmore, 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 Dwelling5,674 6317
Not Owner-Occupied As A Principal Dwelling697 7611
Not Applicable12 4125

Home Owner Property Type Statistics in Elmore, 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)5,747 6418
One To Four-Family544 742
Manufactured Housing131 5630
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