Top Gervais, MN Mortgage Lenders

RankGervais Mortgage LenderGervais Home Loans ProcessedGervais Home Loans ApprovedGervais Home Loans DeniedGervais Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGervais Mortgage Median LTR for Denied Loans
1Unity Bank North 185 95%2%
  • 80%
  • (16,000 Loan / $20,000 Income)
  • 76%
  • (10,000 Loan / $13,000 Income)
2Wells Fargo Bank 116 53%26%
  • 128%
  • (68,000 / $53,000)
  • 92%
  • (50,000 / $54,000)
3Jpmorgan Chase Bank 35 80%11%
  • 182%
  • (82,000 / $45,000)
  • 243%
  • (78,000 / $32,000)
4Bremer Bank Na (Grand Forks) 34 91%0%
  • 225%
  • (70,000 / $31,000)
0
5Citimortgage 25 92%0%
  • 114%
  • (71,000 / $62,000)
0
6Wealthbridge Mortgage Corp. 23 73%13%
  • 184%
  • (122,000 / $66,000)
  • 186%
  • (147,000 / $79,000)
7Embrace Home Loans, 20 0%20% 0
  • 159%
  • (51,000 / $32,000)
8Ultima Bank Minnesota 14 85%14%
  • 53%
  • (34,000 / $63,000)
  • 27%
  • (10,000 / $36,000)
9Countrywide Bank Fsb 12 66%16%
  • 155%
  • (70,000 / $45,000)
  • 278%
  • (156,000 / $56,000)
10Citibank 12 50%50%
  • 107%
  • (104,000 / $97,000)
  • 37%
  • (25,000 / $67,000)
11Us Bank 11 72%9%
  • 195%
  • (162,000 / $83,000)
  • 233%
  • (233,000 / $100,000)
12Beneficial Company Llc 11 9%81%
  • 134%
  • (105,000 / $78,000)
  • 149%
  • (85,000 / $57,000)
13Mortgage Guaranty Insurance Co 10 80%10%
  • 183%
  • (114,000 / $62,000)
  • 367%
  • (103,000 / $28,000)
14Genworth Mortgage Insurance Co 8 62%0%
  • 252%
  • (63,000 / $25,000)
0
15Access Bank 8 100%0%
  • 116%
  • (36,000 / $31,000)
0
16Wells Fargo Fin'l Minnesota 7 14%57%
  • 172%
  • (117,000 / $68,000)
  • 476%
  • (100,000 / $21,000)
17Quicken Loans 7 42%57%
  • 202%
  • (75,000 / $37,000)
  • 291%
  • (105,000 / $36,000)
18Countrywide Home Loans 7 71%28%
  • 225%
  • (115,000 / $51,000)
  • 309%
  • (96,000 / $31,000)
19C.U. Mortgage Services, 7 57%28%
  • 175%
  • (63,000 / $36,000)
  • 352%
  • (180,000 / $51,000)
20Alerus Financial 7 85%14%
  • 95%
  • (78,000 / $82,000)
  • 231%
  • (88,000 / $38,000)

Gervais, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 739
  2. Loan Applications Denied: 122
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 513
  5. % of Loan Applications Originated 69

Gervais, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral12
Debt-to-income ratio6
Unverifiable information2
Credit application incomplete2

Gervais, 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 - $100,000507 6816
$100,000 - $300,000231 6915
$300,000 - $500,0001 1000

Gervais, 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 - $100,000684 6717
$100,000 - $300,00053 857
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Gervais, 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%5868 24
30 - 60%8272 12
60 - 100%12170 17
100 - 200%23866 15
200 - 300%15374 13
300 - 400%5759 17
> 400%3056 30

Gervais, 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 Dwelling718 6816
Not Owner-Occupied As A Principal Dwelling20 850
Not Applicable1 1000

Home Owner Property Type Statistics in Gervais, 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)628 6817
Manufactured Housing77 7614
One To Four-Family34 762
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