Top Graceville, MN Mortgage Lenders

RankGraceville Mortgage LenderGraceville Home Loans ProcessedGraceville Home Loans ApprovedGraceville Home Loans DeniedGraceville Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGraceville Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,623 66%15%
  • 182%
  • (128,000 Loan / $70,000 Income)
  • 190%
  • (162,000 Loan / $85,000 Income)
2Jpmorgan Chase Bank 765 86%11%
  • 218%
  • (105,000 / $48,000)
  • 238%
  • (74,000 / $31,000)
3Affinity Plus Federal Credit U 626 67%4%
  • 136%
  • (86,000 / $63,000)
  • 222%
  • (80,000 / $36,000)
4Us Bank 620 82%10%
  • 207%
  • (212,000 / $102,000)
  • 224%
  • (74,000 / $33,000)
5Bank Of America 432 78%13%
  • 223%
  • (159,000 / $71,000)
  • 255%
  • (69,000 / $27,000)
6Citimortgage 401 83%7%
  • 206%
  • (388,000 / $188,000)
  • 319%
  • (182,000 / $57,000)
7Countrywide Bank Fsb 295 69%19%
  • 212%
  • (70,000 / $33,000)
  • 281%
  • (183,000 / $65,000)
8Mortgage Guaranty Insurance Co 224 70%8%
  • 238%
  • (300,000 / $126,000)
  • 225%
  • (115,000 / $51,000)
9Pioneer Bank 207 86%8%
  • 80%
  • (40,000 / $50,000)
  • 154%
  • (108,000 / $70,000)
10Wells Fargo Funding 203 96%2%
  • 188%
  • (153,000 / $81,000)
  • 201%
  • (159,000 / $79,000)
11Northview Bank 179 60%21%
  • 170%
  • (148,000 / $87,000)
  • 238%
  • (167,000 / $70,000)
12Countrywide Home Loans 171 82%11%
  • 216%
  • (115,000 / $53,000)
  • 226%
  • (113,000 / $50,000)
13Riverwood Bank 167 78%6%
  • 131%
  • (170,000 / $129,000)
  • 233%
  • (35,000 / $15,000)
14Embrace Home Loans, 167 5%45%
  • 244%
  • (137,000 / $56,000)
  • 231%
  • (111,000 / $48,000)
15State Bank & Trust 162 77%11%
  • 127%
  • (46,000 / $36,000)
  • 148%
  • (148,000 / $100,000)
16Beneficial Company Llc 159 4%83%
  • 183%
  • (110,000 / $60,000)
  • 225%
  • (90,000 / $40,000)
17Kleinbank 153 76%9%
  • 121%
  • (118,000 / $97,000)
  • 184%
  • (48,000 / $26,000)
18Phh Mortgage Corporation 152 81%3%
  • 235%
  • (273,000 / $116,000)
  • 240%
  • (36,000 / $15,000)
19Genworth Mortgage Insurance Co 148 70%0%
  • 215%
  • (71,000 / $33,000)
  • 470%
  • (160,000 / $34,000)
20Cornerstone State Bank 145 90%7%
  • 145%
  • (141,000 / $97,000)
  • 287%
  • (164,000 / $57,000)

Graceville, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 14,802
  2. Loan Applications Denied: 2,537
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 9,795
  5. % of Loan Applications Originated 66

Graceville, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history12
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information2

Graceville, 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 - $100,0005,520 6419
$100,000 - $300,0007,939 6516
$300,000 - $500,0001,134 6814
$500,000 - $1,000,000174 7018
$1,000,000 - $1,500,00029 6517
$1,500,000 - $2,000,0003 660
> $2,000,0003 660

Graceville, 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 - $100,00011,278 6219
$100,000 - $300,0003,048 7310
$300,000 - $500,000297 7113
$500,000 - $1,000,000138 776
$1,000,000 - $1,500,00027 6225
$1,500,000 - $2,000,0005 800
> $2,000,0009 7711

Loan to Income Ratios Research for Mortgage in Graceville, 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%65464 21
30 - 60%90466 17
60 - 100%1,44569 15
100 - 200%4,68570 13
200 - 300%3,88664 16
300 - 400%1,96062 19
> 400%1,26853 29

Graceville, 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 Dwelling12,530 6418
Not Owner-Occupied As A Principal Dwelling2,198 7511
Not Applicable21 5719

Home Owner Property Type Statistics in Graceville, 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)13,714 6617
One To Four-Family749 755
Manufactured Housing339 5131
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