Top Gnesen, MN Mortgage Lenders

RankGnesen Mortgage LenderGnesen Home Loans ProcessedGnesen Home Loans ApprovedGnesen Home Loans DeniedGnesen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGnesen Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 603 67%14%
  • 191%
  • (151,000 Loan / $79,000 Income)
  • 215%
  • (269,000 Loan / $125,000 Income)
2North Shore Bank Of Commerce 302 80%11%
  • 210%
  • (187,000 / $89,000)
  • 284%
  • (108,000 / $38,000)
3Us Bank 156 83%7%
  • 233%
  • (154,000 / $66,000)
  • 329%
  • (122,000 / $37,000)
4National Bank Of Commerce 106 76%15%
  • 187%
  • (180,000 / $96,000)
  • 336%
  • (400,000 / $119,000)
5Affinity Plus Federal Credit U 84 63%3%
  • 170%
  • (94,000 / $55,000)
  • 197%
  • (69,000 / $35,000)
6Jpmorgan Chase Bank 70 78%18%
  • 244%
  • (293,000 / $120,000)
  • 176%
  • (176,000 / $100,000)
7Bank Of America 64 75%10%
  • 221%
  • (252,000 / $114,000)
  • 280%
  • (840,000 / $300,000)
8Us Bank North Dakota 62 43%46%
  • 112%
  • (72,000 / $64,000)
  • 149%
  • (179,000 / $120,000)
9Phh Mortgage Corporation 60 83%3%
  • 215%
  • (252,000 / $117,000)
  • 793%
  • (230,000 / $29,000)
10Citimortgage 56 69%10%
  • 228%
  • (245,000 / $107,000)
  • 214%
  • (208,000 / $97,000)
11Members Cooperative Credit Uni 54 57%22%
  • 183%
  • (130,000 / $71,000)
  • 248%
  • (318,000 / $128,000)
12Countrywide Bank Fsb 47 87%4%
  • 280%
  • (219,000 / $78,000)
  • 718%
  • (230,000 / $32,000)
13Us Bk Na Nd 39 53%35%
  • 83%
  • (36,000 / $43,000)
  • 222%
  • (245,000 / $110,000)
14Western National Bank 37 75%13%
  • 215%
  • (157,000 / $73,000)
  • 187%
  • (150,000 / $80,000)
15Duluth Teachers Credit Union 34 88%5%
  • 93%
  • (41,000 / $44,000)
  • 266%
  • (189,000 / $71,000)
16Citibank 33 66%18%
  • 111%
  • (147,000 / $132,000)
  • 46%
  • (31,000 / $66,000)
17Beneficial Company Llc 32 18%56%
  • 53%
  • (14,000 / $26,000)
  • 229%
  • (181,000 / $79,000)
18Hermantown Federal Credit Unio 31 96%0%
  • 44%
  • (27,000 / $61,000)
0
19Republic Bank 29 89%6%
  • 93%
  • (130,000 / $139,000)
  • 373%
  • (265,000 / $71,000)
20Mortgage Guaranty Insurance Co 29 62%6%
  • 312%
  • (206,000 / $66,000)
  • 283%
  • (289,000 / $102,000)

Gnesen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,785
  2. Loan Applications Denied: 446
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,902
  5. % of Loan Applications Originated 68

Gnesen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history12
Debt-to-income ratio11
Credit application incomplete4
Unverifiable information2

Gnesen, 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 - $100,000581 6518
$100,000 - $300,0001,809 6815
$300,000 - $500,000358 6616
$500,000 - $1,000,00035 5414
$1,000,000 - $1,500,0002 5050

Gnesen, 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 - $100,0001,814 6617
$100,000 - $300,000890 7113
$300,000 - $500,00053 765
$500,000 - $1,000,00023 4326
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Gnesen, 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%11067 19
30 - 60%15370 16
60 - 100%22872 12
100 - 200%77669 13
200 - 300%80166 16
300 - 400%43968 15
> 400%27858 24

Gnesen, 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 Dwelling2,581 6816
Not Owner-Occupied As A Principal Dwelling196 6715
Not Applicable5 6040

Home Owner Property Type Statistics in Gnesen, 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)2,594 6816
One To Four-Family108 765
Manufactured Housing83 5721
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