Top Folden, MN Mortgage Lenders

RankFolden Mortgage LenderFolden Home Loans ProcessedFolden Home Loans ApprovedFolden Home Loans DeniedFolden Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFolden Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 380 70%14%
  • 179%
  • (95,000 Loan / $53,000 Income)
  • 172%
  • (280,000 Loan / $162,000 Income)
2Jpmorgan Chase Bank 147 82%15%
  • 246%
  • (64,000 / $26,000)
  • 246%
  • (116,000 / $47,000)
3Us Bank 104 71%15%
  • 207%
  • (234,000 / $113,000)
  • 264%
  • (127,000 / $48,000)
4Merchants Bank 93 91%7%
  • 223%
  • (212,000 / $95,000)
  • 222%
  • (160,000 / $72,000)
5Midwest Bank 79 83%12%
  • 151%
  • (88,000 / $58,000)
  • 251%
  • (103,000 / $41,000)
6Citimortgage 79 88%7%
  • 255%
  • (148,000 / $58,000)
  • 334%
  • (107,000 / $32,000)
7Countrywide Bank Fsb 66 75%16%
  • 225%
  • (212,000 / $94,000)
  • 291%
  • (105,000 / $36,000)
8Affinity Plus Federal Credit U 65 63%4%
  • 172%
  • (126,000 / $73,000)
  • 413%
  • (95,000 / $23,000)
9State Bank & Trust 61 70%16%
  • 143%
  • (262,000 / $182,000)
  • 228%
  • (130,000 / $57,000)
10Gate City Bank 56 73%14%
  • 190%
  • (80,000 / $42,000)
  • 329%
  • (280,000 / $85,000)
11Bank Of America 56 60%19%
  • 227%
  • (155,000 / $68,000)
  • 250%
  • (135,000 / $54,000)
12Genworth Mortgage Insurance Co 55 47%5%
  • 237%
  • (69,000 / $29,000)
  • 274%
  • (140,000 / $51,000)
13Embrace Home Loans, 45 15%40%
  • 262%
  • (84,000 / $32,000)
  • 265%
  • (146,000 / $55,000)
14American Federal Bank 45 71%22%
  • 132%
  • (226,000 / $171,000)
  • 312%
  • (128,000 / $41,000)
15Us Bank North Dakota 40 40%35%
  • 163%
  • (80,000 / $49,000)
  • 226%
  • (152,000 / $67,000)
16Countrywide Home Loans 39 79%10%
  • 282%
  • (144,000 / $51,000)
  • 323%
  • (136,000 / $42,000)
17Mortgage Guaranty Insurance Co 38 73%7%
  • 257%
  • (108,000 / $42,000)
  • 180%
  • (94,000 / $52,000)
18Beneficial Company Llc 31 6%80%
  • 194%
  • (105,000 / $54,000)
  • 175%
  • (95,000 / $54,000)
19Citibank 29 72%24%
  • 107%
  • (388,000 / $360,000)
  • 60%
  • (90,000 / $150,000)
20Wells Fargo Funding 28 100%0%
  • 120%
  • (125,000 / $104,000)
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Folden, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,439
  2. Loan Applications Denied: 442
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 1,606
  5. % of Loan Applications Originated 65

Folden, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio9
Credit history8
Credit application incomplete3
Unverifiable information1

Folden, 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 - $100,000822 6321
$100,000 - $300,0001,440 6516
$300,000 - $500,000167 6916
$500,000 - $1,000,00010 8020

Folden, 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 - $100,0001,840 6120
$100,000 - $300,000527 7411
$300,000 - $500,00047 842
$500,000 - $1,000,00022 670
$1,000,000 - $1,500,0001 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Folden, 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%8569 12
30 - 60%14672 14
60 - 100%21467 14
100 - 200%71969 15
200 - 300%67365 17
300 - 400%31264 18
> 400%29050 29

Folden, 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 Dwelling1,887 6220
Not Owner-Occupied As A Principal Dwelling525 779
Not Applicable1 00

Home Owner Property Type Statistics in Folden, 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)2,225 6518
One To Four-Family138 665
Manufactured Housing76 6121
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