Top Fredenberg, MN Mortgage Lenders

RankFredenberg Mortgage LenderFredenberg Home Loans ProcessedFredenberg Home Loans ApprovedFredenberg Home Loans DeniedFredenberg Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFredenberg Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,005 63%15%
  • 192%
  • (98,000 Loan / $51,000 Income)
  • 193%
  • (58,000 Loan / $30,000 Income)
2North Shore Bank Of Commerce 447 79%10%
  • 206%
  • (200,000 / $97,000)
  • 257%
  • (85,000 / $33,000)
3Us Bank 261 80%10%
  • 241%
  • (116,000 / $48,000)
  • 265%
  • (170,000 / $64,000)
4Countrywide Bank Fsb 147 74%14%
  • 280%
  • (219,000 / $78,000)
  • 236%
  • (218,000 / $92,000)
5Us Bank North Dakota 128 44%42%
  • 108%
  • (53,000 / $49,000)
  • 147%
  • (50,000 / $34,000)
6Members Cooperative Credit Uni 124 75%15%
  • 145%
  • (67,000 / $46,000)
  • 248%
  • (318,000 / $128,000)
7Affinity Plus Federal Credit U 124 63%3%
  • 155%
  • (140,000 / $90,000)
  • 197%
  • (69,000 / $35,000)
8Phh Mortgage Corporation 122 87%4%
  • 221%
  • (166,000 / $75,000)
  • 279%
  • (235,000 / $84,000)
9National Bank Of Commerce 120 78%14%
  • 190%
  • (926,000 / $487,000)
  • 272%
  • (136,000 / $50,000)
10Jpmorgan Chase Bank 120 79%19%
  • 236%
  • (253,000 / $107,000)
  • 191%
  • (211,000 / $110,000)
11Citimortgage 113 75%8%
  • 294%
  • (103,000 / $35,000)
  • 227%
  • (173,000 / $76,000)
12Bank Of America 104 73%17%
  • 221%
  • (252,000 / $114,000)
  • 305%
  • (177,000 / $58,000)
13Countrywide Home Loans 86 81%6%
  • 282%
  • (206,000 / $73,000)
  • 262%
  • (71,000 / $27,000)
14Beneficial Company Llc 81 13%56%
  • 82%
  • (51,000 / $62,000)
  • 215%
  • (235,000 / $109,000)
15Mortgage Guaranty Insurance Co 65 58%7%
  • 302%
  • (103,000 / $34,000)
  • 166%
  • (135,000 / $81,000)
16Western National Bank 64 82%9%
  • 203%
  • (165,000 / $81,000)
  • 261%
  • (280,000 / $107,000)
17Wells Fargo Fin'l Minnesota 60 13%51%
  • 206%
  • (97,000 / $47,000)
  • 324%
  • (185,000 / $57,000)
18Duluth Teachers Credit Union 51 90%5%
  • 75%
  • (50,000 / $66,000)
  • 34%
  • (40,000 / $115,000)
19Citifinancial Services Inc 50 38%38%
  • 178%
  • (84,000 / $47,000)
  • 151%
  • (41,000 / $27,000)
20Citibank 48 66%33%
  • 64%
  • (35,000 / $54,000)
  • 116%
  • (65,000 / $56,000)

Fredenberg, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,149
  2. Loan Applications Denied: 910
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 3,377
  5. % of Loan Applications Originated 65

Fredenberg, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information2

Fredenberg, 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 - $100,0001,260 6221
$100,000 - $300,0003,373 6516
$300,000 - $500,000472 6515
$500,000 - $1,000,00042 5216
$1,000,000 - $1,500,0002 5050

Fredenberg, 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 - $100,0003,708 6319
$100,000 - $300,0001,327 6913
$300,000 - $500,00071 755
$500,000 - $1,000,00035 4522
$1,000,000 - $1,500,0005 4040
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Fredenberg, 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%21263 17
30 - 60%29567 18
60 - 100%43469 17
100 - 200%1,33367 15
200 - 300%1,44466 16
300 - 400%87563 18
> 400%55655 25

Fredenberg, 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 Dwelling4,729 6517
Not Owner-Occupied As A Principal Dwelling398 6815
Not Applicable9 6622

Home Owner Property Type Statistics in Fredenberg, 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)4,693 6517
One To Four-Family260 744
Manufactured Housing196 5427
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