Top Grasston, MN Mortgage Lenders

RankGrasston Mortgage LenderGrasston Home Loans ProcessedGrasston Home Loans ApprovedGrasston Home Loans DeniedGrasston Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGrasston Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 912 62%17%
  • 204%
  • (360,000 Loan / $176,000 Income)
  • 180%
  • (141,000 Loan / $78,000 Income)
2Affinity Plus Federal Credit U 337 65%8%
  • 119%
  • (112,000 / $94,000)
  • 288%
  • (52,000 / $18,000)
3Jpmorgan Chase Bank 253 77%17%
  • 238%
  • (100,000 / $42,000)
  • 197%
  • (417,000 / $211,000)
4Citimortgage 189 78%10%
  • 191%
  • (140,000 / $73,000)
  • 263%
  • (108,000 / $41,000)
5Countrywide Bank Fsb 183 66%21%
  • 212%
  • (100,000 / $47,000)
  • 265%
  • (170,000 / $64,000)
6Us Bank 152 68%22%
  • 216%
  • (173,000 / $80,000)
  • 290%
  • (206,000 / $71,000)
7Us Bank North Dakota 137 37%43%
  • 121%
  • (92,000 / $76,000)
  • 167%
  • (112,000 / $67,000)
8Countrywide Home Loans 134 70%21%
  • 206%
  • (153,000 / $74,000)
  • 165%
  • (76,000 / $46,000)
9Mortgage Guaranty Insurance Co 127 70%11%
  • 240%
  • (125,000 / $52,000)
  • 239%
  • (338,000 / $141,000)
10Genworth Mortgage Insurance Co 124 51%4%
  • 211%
  • (74,000 / $35,000)
  • 233%
  • (280,000 / $120,000)
11Beneficial Company Llc 119 4%78%
  • 168%
  • (27,000 / $16,000)
  • 234%
  • (270,000 / $115,000)
12Bank Of America 112 71%18%
  • 207%
  • (137,000 / $66,000)
  • 220%
  • (139,000 / $63,000)
13American Bank Of The North 103 79%12%
  • 127%
  • (130,000 / $102,000)
  • 127%
  • (145,000 / $114,000)
14Phh Mortgage Corporation 101 77%8%
  • 225%
  • (115,000 / $51,000)
  • 261%
  • (110,000 / $42,000)
15Citifinancial Services Inc 88 31%45%
  • 166%
  • (45,000 / $27,000)
  • 142%
  • (20,000 / $14,000)
16Bremer Bank Na (Grand Forks) 76 76%9%
  • 111%
  • (40,000 / $36,000)
  • 60%
  • (35,000 / $58,000)
17Agstar Financial Services 71 70%7%
  • 206%
  • (66,000 / $32,000)
  • 308%
  • (219,000 / $71,000)
18Wells Fargo Fin'l Minnesota 69 18%46%
  • 207%
  • (185,000 / $89,000)
  • 240%
  • (130,000 / $54,000)
19Farmers & Merchants State Bank 67 94%2%
  • 145%
  • (87,000 / $60,000)
  • 194%
  • (70,000 / $36,000)
20Citibank 67 76%17%
  • 81%
  • (59,000 / $72,000)
  • 76%
  • (104,000 / $136,000)

Grasston, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,256
  2. Loan Applications Denied: 1,226
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,862
  5. % of Loan Applications Originated 61

Grasston, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history10
Debt-to-income ratio7
Unverifiable information2
Credit application incomplete2

Grasston, 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 - $100,0002,282 6219
$100,000 - $300,0003,583 6119
$300,000 - $500,000361 5519
$500,000 - $1,000,00029 5431
$1,000,000 - $1,500,0001 1000

Grasston, 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 - $100,0005,056 6020
$100,000 - $300,0001,117 6517
$300,000 - $500,00061 6814
$500,000 - $1,000,00012 5833
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0001 1000
> $2,000,0006 1000

Loan to Income Ratios Research for Mortgage in Grasston, 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%24761 24
30 - 60%40761 20
60 - 100%57466 17
100 - 200%1,82964 17
200 - 300%1,57663 16
300 - 400%98258 20
> 400%64145 31

Grasston, 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 Dwelling5,546 6019
Not Owner-Occupied As A Principal Dwelling667 7117
Not Applicable9 4433

Home Owner Property Type Statistics in Grasston, 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)5,535 6120
One To Four-Family468 686
Manufactured Housing253 5130
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