Top Elrosa, MN Mortgage Lenders

RankElrosa Mortgage LenderElrosa Home Loans ProcessedElrosa Home Loans ApprovedElrosa Home Loans DeniedElrosa Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElrosa Mortgage Median LTR for Denied Loans
1Bonanza Valley State Bank 121 84%14%
  • 84%
  • (500,000 Loan / $593,000 Income)
  • 185%
  • (100,000 Loan / $54,000 Income)
2North American State Bank 117 60%29%
  • 92%
  • (50,000 / $54,000)
  • 184%
  • (35,000 / $19,000)
3Wells Fargo Bank 114 59%19%
  • 221%
  • (135,000 / $61,000)
  • 250%
  • (70,000 / $28,000)
4Central Minnesota Cu 74 79%8%
  • 147%
  • (121,000 / $82,000)
  • 411%
  • (148,000 / $36,000)
5Central Mn Cu 66 62%21%
  • 202%
  • (180,000 / $89,000)
  • 259%
  • (140,000 / $54,000)
6Phh Mortgage Corporation 39 87%2%
  • 189%
  • (72,000 / $38,000)
  • 168%
  • (200,000 / $119,000)
7Jpmorgan Chase Bank 38 84%7%
  • 270%
  • (73,000 / $27,000)
  • 326%
  • (75,000 / $23,000)
8Agstar Financial Services 17 82%0%
  • 242%
  • (160,000 / $66,000)
0
9Citimortgage 15 93%6%
  • 246%
  • (106,000 / $43,000)
  • 312%
  • (125,000 / $40,000)
10Bank Of America 15 80%13%
  • 147%
  • (105,000 / $71,000)
  • 227%
  • (216,000 / $95,000)
11Genworth Mortgage Insurance Co 13 76%7%
  • 258%
  • (106,000 / $41,000)
  • 351%
  • (116,000 / $33,000)
12Beneficial Company Llc 13 15%76%
  • 374%
  • (101,000 / $27,000)
  • 307%
  • (86,000 / $28,000)
13Us Bank 12 75%25%
  • 270%
  • (168,000 / $62,000)
  • 303%
  • (188,000 / $62,000)
14Mortgage Services Iii, L.L.C. 12 66%16%
  • 266%
  • (72,000 / $27,000)
  • 367%
  • (103,000 / $28,000)
15Countrywide Home Loans 12 66%33%
  • 255%
  • (110,000 / $43,000)
  • 388%
  • (163,000 / $42,000)
16Bank Of The West 12 66%25%
  • 240%
  • (118,000 / $49,000)
  • 136%
  • (147,000 / $108,000)
17Countrywide Bank Fsb 10 60%10%
  • 267%
  • (83,000 / $31,000)
  • 337%
  • (260,000 / $77,000)
18Radian Guaranty 9 77%0%
  • 317%
  • (219,000 / $69,000)
0
19Citibank 9 100%0%
  • 161%
  • (115,000 / $71,000)
0
20Summit Mortgage Corporation 8 100%0% 0 0

Elrosa, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 960
  2. Loan Applications Denied: 188
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 641
  5. % of Loan Applications Originated 66

Elrosa, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history21
Collateral16
Debt-to-income ratio13
Employment history2
Unverifiable information1

Elrosa, 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 - $100,000501 7019
$100,000 - $300,000440 6120
$300,000 - $500,00017 6423
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Elrosa, 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 - $100,000864 6520
$100,000 - $300,00086 6812
$300,000 - $500,0005 8020
$500,000 - $1,000,0004 1000
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Elrosa, 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%5785 7
30 - 60%8682 15
60 - 100%8573 12
100 - 200%25166 18
200 - 300%23066 19
300 - 400%14253 26
> 400%10953 28

Elrosa, 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 Dwelling901 6619
Not Owner-Occupied As A Principal Dwelling57 7114
Not Applicable2 1000

Home Owner Property Type Statistics in Elrosa, 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)893 6620
Manufactured Housing34 7317
One To Four-Family33 753
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