Top Emerald, MN Mortgage Lenders

RankEmerald Mortgage LenderEmerald Home Loans ProcessedEmerald Home Loans ApprovedEmerald Home Loans DeniedEmerald Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEmerald Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 42 47%26%
  • 167%
  • (99,000 Loan / $59,000 Income)
  • 93%
  • (121,000 Loan / $130,000 Income)
2Agstar Financial Services 29 58%6%
  • 200%
  • (162,000 / $81,000)
  • 333%
  • (200,000 / $60,000)
3Wells Federal Bank 20 60%20%
  • 117%
  • (120,000 / $102,000)
  • 176%
  • (30,000 / $17,000)
4Nationstar Mortgage Llc 13 0%53% 0
  • 222%
  • (80,000 / $36,000)
5Jpmorgan Chase Bank 12 50%33%
  • 153%
  • (150,000 / $98,000)
  • 200%
  • (70,000 / $35,000)
6Mortgage Guaranty Insurance Co 11 63%0%
  • 145%
  • (80,000 / $55,000)
0
7Citimortgage 11 81%0%
  • 346%
  • (104,000 / $30,000)
0
8Wells Fargo Fin'l Minnesota 10 30%50%
  • 98%
  • (54,000 / $55,000)
  • 196%
  • (55,000 / $28,000)
9Countrywide Bank Fsb 10 90%10%
  • 115%
  • (199,000 / $173,000)
  • 254%
  • (61,000 / $24,000)
10Citifinancial Services Inc 10 10%50%
  • 41%
  • (23,000 / $56,000)
  • 127%
  • (37,000 / $29,000)
11Affinity Plus Federal Credit U 9 77%0%
  • 65%
  • (25,000 / $38,000)
0
12Countrywide Home Loans 7 85%14% 0
  • 312%
  • (356,000 / $114,000)
13Republic Mortgage Insurance Co 6 100%0%
  • 216%
  • (52,000 / $24,000)
0
14Embrace Home Loans, 6 0%50% 0
  • 233%
  • (63,000 / $27,000)
15Genworth Mortgage Insurance Co 4 25%25%
  • 115%
  • (199,000 / $173,000)
  • 166%
  • (166,000 / $100,000)
16Beneficial Company Llc 4 0%100% 0
  • 187%
  • (75,000 / $40,000)
17Us Bank North Dakota 3 33%33%
  • 173%
  • (113,000 / $65,000)
  • 36%
  • (35,000 / $96,000)
18Thrivent Financial Bank 3 0%0% 0 0
19Home Federal Savings Bank 3 0%100% 0
  • 65%
  • (25,000 / $38,000)
20Highgrove Community Federal Cu 3 0%100% 0
  • 45%
  • (25,000 / $55,000)

Emerald, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 291
  2. Loan Applications Denied: 79
  3. % of Loan Applications Denied: 27
  4. # of Loan Originations: 142
  5. % of Loan Applications Originated 48

Emerald, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral10
Debt-to-income ratio7
Credit application incomplete3
Mortgage insurance denied1

Emerald, 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 - $100,000196 4432
$100,000 - $300,00085 5816
$300,000 - $500,00010 5020

Emerald, 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 - $100,000262 4828
$100,000 - $300,00028 5314
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Emerald, 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%1735 47
30 - 60%2544 32
60 - 100%4551 28
100 - 200%10750 21
200 - 300%5243 32
300 - 400%3265 15
> 400%1323 38

Emerald, 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 Dwelling276 4728
Not Owner-Occupied As A Principal Dwelling13 697

Home Owner Property Type Statistics in Emerald, 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)264 4729
One To Four-Family26 653
Manufactured Housing1 0100
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