Top Federal Dam, MN Mortgage Lenders

RankFederal Dam Mortgage LenderFederal Dam Home Loans ProcessedFederal Dam Home Loans ApprovedFederal Dam Home Loans DeniedFederal Dam Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFederal Dam Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 4,526 67%14%
  • 181%
  • (180,000 Loan / $99,000 Income)
  • 167%
  • (109,000 Loan / $65,000 Income)
2Jpmorgan Chase Bank 950 86%11%
  • 246%
  • (96,000 / $39,000)
  • 194%
  • (33,000 / $17,000)
3Us Bank 689 72%14%
  • 201%
  • (137,000 / $68,000)
  • 220%
  • (77,000 / $35,000)
4Citimortgage 554 76%9%
  • 222%
  • (403,000 / $181,000)
  • 256%
  • (208,000 / $81,000)
5Bank Of America 510 75%14%
  • 192%
  • (110,000 / $57,000)
  • 211%
  • (72,000 / $34,000)
6Countrywide Bank Fsb 441 74%16%
  • 204%
  • (176,000 / $86,000)
  • 252%
  • (91,000 / $36,000)
7Bank Of The West 439 79%14%
  • 140%
  • (91,000 / $65,000)
  • 117%
  • (155,000 / $132,000)
8Frandsen Bank & Trust 387 90%7%
  • 143%
  • (59,000 / $41,000)
  • 216%
  • (147,000 / $68,000)
9Mortgage Guaranty Insurance Co 347 76%8%
  • 220%
  • (75,000 / $34,000)
  • 252%
  • (184,000 / $73,000)
10Affinity Plus Federal Credit U 344 68%2%
  • 113%
  • (59,000 / $52,000)
  • 172%
  • (138,000 / $80,000)
11State Bank & Trust 299 77%12%
  • 111%
  • (188,000 / $168,000)
  • 186%
  • (147,000 / $79,000)
12Agstar Financial Services 291 64%7%
  • 165%
  • (71,000 / $43,000)
  • 246%
  • (185,000 / $75,000)
13Embrace Home Loans, 277 6%48%
  • 209%
  • (65,000 / $31,000)
  • 217%
  • (100,000 / $46,000)
14Associated Bank 274 69%13%
  • 161%
  • (58,000 / $36,000)
  • 153%
  • (144,000 / $94,000)
15Citizens Bank Minnesota 273 93%4%
  • 130%
  • (106,000 / $81,000)
  • 132%
  • (66,000 / $50,000)
16Wells Fargo Funding 263 98%1%
  • 152%
  • (191,000 / $125,000)
  • 215%
  • (140,000 / $65,000)
17Genworth Mortgage Insurance Co 250 56%4%
  • 222%
  • (160,000 / $72,000)
  • 220%
  • (97,000 / $44,000)
18Countrywide Home Loans 250 79%13%
  • 220%
  • (99,000 / $45,000)
  • 194%
  • (115,000 / $59,000)
19Beneficial Company Llc 245 7%80%
  • 187%
  • (107,000 / $57,000)
  • 207%
  • (106,000 / $51,000)
20Bremer Bank Na (Fargo) 205 72%5%
  • 121%
  • (90,000 / $74,000)
  • 172%
  • (81,000 / $47,000)

Federal Dam, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 21,721
  2. Loan Applications Denied: 3,683
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 14,486
  5. % of Loan Applications Originated 66

Federal Dam, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Federal Dam, 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 - $100,0008,852 6320
$100,000 - $300,00011,697 6814
$300,000 - $500,0001,090 6714
$500,000 - $1,000,00070 6820
$1,000,000 - $1,500,00012 4141

Federal Dam, 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 - $100,00016,727 6418
$100,000 - $300,0004,461 7211
$300,000 - $500,000339 807
$500,000 - $1,000,000164 759
$1,000,000 - $1,500,00014 7121
$1,500,000 - $2,000,0007 990
> $2,000,0009 660

Loan to Income Ratios Research for Mortgage in Federal Dam, 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%1,11365 20
30 - 60%1,48966 17
60 - 100%2,27670 15
100 - 200%6,88369 14
200 - 300%5,48267 15
300 - 400%2,76761 19
> 400%1,71151 26

Federal Dam, 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 Dwelling18,741 6517
Not Owner-Occupied As A Principal Dwelling2,865 7511
Not Applicable22 5036

Home Owner Property Type Statistics in Federal Dam, 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)20,051 6617
One To Four-Family1,163 755
Manufactured Housing507 5331
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