Top Forada, MN Mortgage Lenders

RankForada Mortgage LenderForada Home Loans ProcessedForada Home Loans ApprovedForada Home Loans DeniedForada Mortgage Median Loan to Income Ratio (LTR) for Approved LoansForada Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 495 58%19%
  • 194%
  • (76,000 Loan / $39,000 Income)
  • 196%
  • (324,000 Loan / $165,000 Income)
2State Bank & Trust 162 74%11%
  • 123%
  • (366,000 / $297,000)
  • 196%
  • (257,000 / $131,000)
3Countrywide Bank Fsb 156 69%20%
  • 229%
  • (193,000 / $84,000)
  • 266%
  • (384,000 / $144,000)
4Jpmorgan Chase Bank 143 82%13%
  • 247%
  • (198,000 / $80,000)
  • 250%
  • (125,000 / $50,000)
5Citimortgage 134 82%9%
  • 177%
  • (80,000 / $45,000)
  • 178%
  • (175,000 / $98,000)
6Us Bank 132 85%9%
  • 259%
  • (259,000 / $100,000)
  • 291%
  • (373,000 / $128,000)
7Countrywide Home Loans 79 79%15%
  • 211%
  • (146,000 / $69,000)
  • 270%
  • (100,000 / $37,000)
8Bremer Bank Na (Fargo) 77 80%5%
  • 148%
  • (199,000 / $134,000)
  • 46%
  • (24,000 / $52,000)
9Affinity Plus Federal Credit U 71 50%11%
  • 131%
  • (114,000 / $87,000)
  • 153%
  • (198,000 / $129,000)
10Mortgage Guaranty Insurance Co 62 61%4%
  • 268%
  • (188,000 / $70,000)
  • 105%
  • (57,000 / $54,000)
11Bank Of America 59 54%27%
  • 280%
  • (199,000 / $71,000)
  • 235%
  • (302,000 / $128,000)
12Beneficial Company Llc 51 3%90%
  • 486%
  • (224,000 / $46,000)
  • 243%
  • (190,000 / $78,000)
13Rural American Bank 41 87%4%
  • 237%
  • (140,000 / $59,000)
  • 2500%
  • (50,000 / $2,000)
14Citibank 37 75%18%
  • 64%
  • (40,000 / $62,000)
  • 86%
  • (82,000 / $95,000)
15Citifinancial Services Inc 36 27%30%
  • 340%
  • (119,000 / $35,000)
  • 150%
  • (116,000 / $77,000)
16Wells Fargo Funding 32 96%0%
  • 273%
  • (224,000 / $82,000)
0
17Us Bank North Dakota 32 21%46%
  • 162%
  • (65,000 / $40,000)
  • 231%
  • (81,000 / $35,000)
18Midwest Bank 28 82%14%
  • 158%
  • (130,000 / $82,000)
  • 250%
  • (185,000 / $74,000)
19Genworth Mortgage Insurance Co 26 57%0%
  • 268%
  • (145,000 / $54,000)
0
20Gmac Mortgage Llc 25 12%44%
  • 237%
  • (415,000 / $175,000)
  • 286%
  • (143,000 / $50,000)

Forada, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,027
  2. Loan Applications Denied: 585
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 1,876
  5. % of Loan Applications Originated 61

Forada, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information2

Forada, 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 - $100,000979 5822
$100,000 - $300,0001,797 6217
$300,000 - $500,000230 6513
$500,000 - $1,000,00020 2045
$1,000,000 - $1,500,0001 1000

Forada, 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 - $100,0002,315 5920
$100,000 - $300,000646 7014
$300,000 - $500,00047 748
$500,000 - $1,000,00013 4523
$1,000,000 - $1,500,0002 1000
> $2,000,0004 250

Loan to Income Ratios Research for Mortgage in Forada, 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%13155 24
30 - 60%19060 23
60 - 100%27368 15
100 - 200%76867 15
200 - 300%83560 18
300 - 400%48263 16
> 400%34846 30

Forada, 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 Dwelling2,495 5920
Not Owner-Occupied As A Principal Dwelling505 7213
Not Applicable3 330

Home Owner Property Type Statistics in Forada, 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)2,688 6219
Manufactured Housing171 4929
One To Four-Family168 692
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