Top Erdahl, MN Mortgage Lenders

RankErdahl Mortgage LenderErdahl Home Loans ProcessedErdahl Home Loans ApprovedErdahl Home Loans DeniedErdahl Mortgage Median Loan to Income Ratio (LTR) for Approved LoansErdahl Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 72 52%23%
  • 180%
  • (83,000 Loan / $46,000 Income)
  • 166%
  • (40,000 Loan / $24,000 Income)
2Jpmorgan Chase Bank 32 75%25%
  • 290%
  • (93,000 / $32,000)
  • 182%
  • (225,000 / $123,000)
3Citimortgage 29 82%10%
  • 139%
  • (67,000 / $48,000)
  • 151%
  • (179,000 / $118,000)
4Bank Of The West 28 78%14%
  • 125%
  • (65,000 / $52,000)
  • 127%
  • (56,000 / $44,000)
5Affinity Plus Federal Credit U 27 70%14%
  • 119%
  • (37,000 / $31,000)
  • 281%
  • (93,000 / $33,000)
6First Hawaiian Bank 25 84%16%
  • 100%
  • (28,000 / $28,000)
  • 181%
  • (69,000 / $38,000)
7State Bank & Trust 21 57%23%
  • 92%
  • (35,000 / $38,000)
  • 166%
  • (118,000 / $71,000)
8Us Bank 14 78%14%
  • 175%
  • (51,000 / $29,000)
  • 244%
  • (259,000 / $106,000)
9Countrywide Bank Fsb 14 71%21%
  • 237%
  • (107,000 / $45,000)
  • 370%
  • (115,000 / $31,000)
10American Federal Bank 14 57%21%
  • 110%
  • (66,000 / $60,000)
  • 193%
  • (62,000 / $32,000)
11Mortgage Guaranty Insurance Co 12 66%0%
  • 167%
  • (57,000 / $34,000)
0
12Beneficial Company Llc 10 10%40%
  • 171%
  • (110,000 / $64,000)
  • 423%
  • (55,000 / $13,000)
13Citibank 9 100%0%
  • 105%
  • (83,000 / $79,000)
0
14Embrace Home Loans, 8 12%25%
  • 59%
  • (88,000 / $149,000)
  • 204%
  • (92,000 / $45,000)
15Nationstar Mortgage Llc 7 14%28%
  • 227%
  • (266,000 / $117,000)
  • 300%
  • (108,000 / $36,000)
16Metlife Bank 7 57%42%
  • 196%
  • (157,000 / $80,000)
  • 230%
  • (76,000 / $33,000)
17Gate City Bank 7 57%28%
  • 282%
  • (189,000 / $67,000)
  • 580%
  • (180,000 / $31,000)
18Countrywide Home Loans 7 71%28%
  • 158%
  • (65,000 / $41,000)
  • 140%
  • (83,000 / $59,000)
19Us Bank North Dakota 6 33%50%
  • 347%
  • (73,000 / $21,000)
  • 24%
  • (25,000 / $103,000)
20Star Bank 6 83%16%
  • 200%
  • (88,000 / $44,000)
  • 47%
  • (20,000 / $42,000)

Erdahl, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 541
  2. Loan Applications Denied: 113
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 330
  5. % of Loan Applications Originated 60

Erdahl, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral14
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information1

Erdahl, 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 - $100,000335 5923
$100,000 - $300,000194 6314
$300,000 - $500,00012 4933

Erdahl, 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 - $100,000466 5821
$100,000 - $300,00069 6518
$300,000 - $500,0003 990
$500,000 - $1,000,0003 1000

Loan to Income Ratios Research for Mortgage in Erdahl, 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%3460 32
30 - 60%4360 18
60 - 100%6560 24
100 - 200%19963 19
200 - 300%11858 21
300 - 400%4861 6
> 400%3443 32

Erdahl, 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 Dwelling497 5921
Not Owner-Occupied As A Principal Dwelling42 7319

Home Owner Property Type Statistics in Erdahl, 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)496 6021
One To Four-Family31 670
Manufactured Housing14 5728
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