Top Grand Forks, MN Mortgage Lenders

RankGrand Forks Mortgage LenderGrand Forks Home Loans ProcessedGrand Forks Home Loans ApprovedGrand Forks Home Loans DeniedGrand Forks Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGrand Forks Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 195 69%16%
  • 197%
  • (182,000 Loan / $92,000 Income)
  • 175%
  • (184,000 Loan / $105,000 Income)
2Bremer Bank Na (Grand Forks) 179 89%1%
  • 149%
  • (200,000 / $134,000)
  • 80%
  • (54,000 / $67,000)
3Alerus Financial 151 90%5%
  • 141%
  • (165,000 / $117,000)
  • 187%
  • (103,000 / $55,000)
4Gate City Bank 149 83%5%
  • 150%
  • (107,000 / $71,000)
  • 240%
  • (159,000 / $66,000)
5Community Bank Of The Rrv 125 85%12%
  • 135%
  • (88,000 / $65,000)
  • 257%
  • (54,000 / $21,000)
6American Federal Bank 109 84%9%
  • 178%
  • (114,000 / $64,000)
  • 186%
  • (121,000 / $65,000)
7Frandsen Bank & Trust 105 86%6%
  • 153%
  • (132,000 / $86,000)
  • 316%
  • (133,000 / $42,000)
8Jpmorgan Chase Bank 69 82%15%
  • 200%
  • (78,000 / $39,000)
  • 182%
  • (113,000 / $62,000)
9Mortgage Guaranty Insurance Co 67 94%2%
  • 214%
  • (120,000 / $56,000)
  • 110%
  • (106,000 / $96,000)
10Us Bank 62 66%19%
  • 205%
  • (152,000 / $74,000)
  • 183%
  • (55,000 / $30,000)
11Citimortgage 55 94%1%
  • 125%
  • (40,000 / $32,000)
  • 232%
  • (121,000 / $52,000)
12Bank Of America 47 72%8%
  • 207%
  • (131,000 / $63,000)
  • 435%
  • (340,000 / $78,000)
13Us Bk Na Nd 39 58%28%
  • 130%
  • (110,000 / $84,000)
  • 129%
  • (109,000 / $84,000)
14Us Bank North Dakota 37 62%24%
  • 133%
  • (84,000 / $63,000)
  • 170%
  • (58,000 / $34,000)
15United Guaranty Corporation 29 86%3%
  • 245%
  • (130,000 / $53,000)
  • 110%
  • (106,000 / $96,000)
16Countrywide Home Loans 27 88%3%
  • 141%
  • (102,000 / $72,000)
  • 279%
  • (190,000 / $68,000)
17Countrywide Bank Fsb 27 77%11%
  • 194%
  • (140,000 / $72,000)
  • 254%
  • (135,000 / $53,000)
18Citibank 24 79%4%
  • 144%
  • (52,000 / $36,000)
  • 125%
  • (80,000 / $64,000)
19Quicken Loans 21 57%28%
  • 198%
  • (103,000 / $52,000)
  • 364%
  • (226,000 / $62,000)
20Citifinancial Services Inc 20 35%40%
  • 78%
  • (37,000 / $47,000)
  • 268%
  • (121,000 / $45,000)

Grand Forks, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,956
  2. Loan Applications Denied: 243
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 1,492
  5. % of Loan Applications Originated 76

Grand Forks, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Debt-to-income ratio7
Collateral6
Unverifiable information1
Employment history1

Grand Forks, 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 - $100,000723 7712
$100,000 - $300,0001,204 7611
$300,000 - $500,00027 4725
$500,000 - $1,000,0002 5050

Grand Forks, 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 - $100,0001,628 7513
$100,000 - $300,000316 797
$300,000 - $500,0007 7114
$500,000 - $1,000,0004 5025
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Grand Forks, 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%10778 14
30 - 60%14276 11
60 - 100%16380 9
100 - 200%68775 11
200 - 300%56378 9
300 - 400%21768 18
> 400%7762 24

Grand Forks, 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 Dwelling1,894 7612
Not Owner-Occupied As A Principal Dwelling57 828
Not Applicable1 1000

Home Owner Property Type Statistics in Grand Forks, 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)1,779 7512
One To Four-Family143 873
Manufactured Housing34 6723
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