Top Ericson, MN Mortgage Lenders

RankEricson Mortgage LenderEricson Home Loans ProcessedEricson Home Loans ApprovedEricson Home Loans DeniedEricson Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEricson Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 27 59%18%
  • 200%
  • (104,000 Loan / $52,000 Income)
  • 159%
  • (110,000 Loan / $69,000 Income)
2Hometown Bank 25 92%8%
  • 143%
  • (135,000 / $94,000)
  • 183%
  • (77,000 / $42,000)
3Trustone Financial Fcu 23 73%8%
  • 131%
  • (92,000 / $70,000)
  • 700%
  • (42,000 / $6,000)
4Citifinancial Services Inc 10 40%40%
  • 145%
  • (32,000 / $22,000)
  • 102%
  • (42,000 / $41,000)
5Jpmorgan Chase Bank 9 55%33%
  • 200%
  • (106,000 / $53,000)
  • 122%
  • (44,000 / $36,000)
6National City Bank 8 87%12%
  • 206%
  • (134,000 / $65,000)
  • 589%
  • (218,000 / $37,000)
7Minnwest Bank Mv 8 100%0%
  • 71%
  • (20,000 / $28,000)
0
8Us Bank 7 85%14%
  • 204%
  • (127,000 / $62,000)
  • 136%
  • (230,000 / $168,000)
9Citimortgage 7 85%0%
  • 158%
  • (68,000 / $43,000)
0
10Mortgage Guaranty Insurance Co 6 50%33%
  • 225%
  • (144,000 / $64,000)
  • 352%
  • (247,000 / $70,000)
11Wells Fargo Fin'l Minnesota 5 40%60%
  • 327%
  • (223,000 / $68,000)
  • 250%
  • (40,000 / $16,000)
12Mortgage Services Iii, L.L.C. 5 60%20%
  • 257%
  • (85,000 / $33,000)
  • 123%
  • (168,000 / $136,000)
13Hfc Company Llc 5 20%80%
  • 159%
  • (51,000 / $32,000)
  • 119%
  • (68,000 / $57,000)
14Citizens Alliance Bank 5 80%20%
  • 139%
  • (95,000 / $68,000)
  • 305%
  • (110,000 / $36,000)
15Wells Fargo Funding 4 100%0%
  • 152%
  • (61,000 / $40,000)
0
16United Guaranty Corporation 4 100%0%
  • 266%
  • (120,000 / $45,000)
0
17Embrace Home Loans, 4 0%25% 0
  • 200%
  • (60,000 / $30,000)
18Countrywide Bank Fsb 4 50%50%
  • 130%
  • (123,000 / $94,000)
  • 344%
  • (117,000 / $34,000)
19Agstar Financial Services 4 50%0%
  • 184%
  • (92,000 / $50,000)
0
20Republic Mortgage Insurance Co 3 100%0%
  • 132%
  • (33,000 / $25,000)
0

Ericson, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 253
  2. Loan Applications Denied: 54
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 153
  5. % of Loan Applications Originated 60

Ericson, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio7
Credit history5
Unverifiable information3
Credit application incomplete3

Ericson, 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 - $100,000132 5823
$100,000 - $300,000117 6218
$300,000 - $500,0003 033
$500,000 - $1,000,0001 1000

Ericson, 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 - $100,000220 5821
$100,000 - $300,00033 7218

Loan to Income Ratios Research for Mortgage in Ericson, 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%911 22
30 - 60%1978 15
60 - 100%2762 18
100 - 200%9267 22
200 - 300%7256 20
300 - 400%2653 19
> 400%837 37

Ericson, 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 Dwelling244 5921
Not Owner-Occupied As A Principal Dwelling8 7512
Not Applicable1 1000

Home Owner Property Type Statistics in Ericson, 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)230 5922
One To Four-Family19 7310
Manufactured Housing4 500
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