Top Houston, MN Mortgage Lenders

RankHouston Mortgage LenderHouston Home Loans ProcessedHouston Home Loans ApprovedHouston Home Loans DeniedHouston Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHouston Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 548 70%16%
  • 220%
  • (152,000 Loan / $69,000 Income)
  • 184%
  • (151,000 Loan / $82,000 Income)
2Gate City Bank 191 79%6%
  • 175%
  • (123,000 / $70,000)
  • 12%
  • (3,000 / $25,000)
3Frandsen Bank & Trust 145 88%9%
  • 165%
  • (175,000 / $106,000)
  • 177%
  • (78,000 / $44,000)
4Eastwood Bank 141 62%20%
  • 159%
  • (102,000 / $64,000)
  • 235%
  • (94,000 / $40,000)
5Liberty Savings Bank Fsb 138 92%3%
  • 240%
  • (171,000 / $71,000)
  • 435%
  • (122,000 / $28,000)
6Us Bank 131 80%7%
  • 194%
  • (200,000 / $103,000)
  • 240%
  • (190,000 / $79,000)
7Mortgage Guaranty Insurance Co 130 83%4%
  • 251%
  • (322,000 / $128,000)
  • 240%
  • (130,000 / $54,000)
8Citimortgage 122 86%6%
  • 211%
  • (161,000 / $76,000)
  • 281%
  • (124,000 / $44,000)
9Jpmorgan Chase Bank 113 81%15%
  • 222%
  • (189,000 / $85,000)
  • 192%
  • (175,000 / $91,000)
10Alerus Financial 113 79%10%
  • 172%
  • (160,000 / $93,000)
  • 35%
  • (41,000 / $115,000)
11Merchants Bank 106 87%1%
  • 183%
  • (88,000 / $48,000)
  • 520%
  • (302,000 / $58,000)
12Bremer Bank Na (St Cloud) 99 88%1%
  • 267%
  • (179,000 / $67,000)
  • 44%
  • (38,000 / $86,000)
13Altra Federal Credit Union 99 81%2%
  • 206%
  • (95,000 / $46,000)
  • 771%
  • (463,000 / $60,000)
14American Federal Bank 95 73%17%
  • 169%
  • (180,000 / $106,000)
  • 210%
  • (154,000 / $73,000)
15Community Bank Of The Rrv 91 96%3%
  • 127%
  • (130,000 / $102,000)
  • 207%
  • (81,000 / $39,000)
16Affinity Plus Federal Credit U 71 71%4%
  • 131%
  • (71,000 / $54,000)
  • 248%
  • (62,000 / $25,000)
17Countrywide Bank Fsb 66 71%19%
  • 277%
  • (125,000 / $45,000)
  • 326%
  • (160,000 / $49,000)
18United Guaranty Corporation 65 66%12%
  • 236%
  • (123,000 / $52,000)
  • 284%
  • (302,000 / $106,000)
19Bremer Bank Na (Grand Forks) 59 89%0%
  • 176%
  • (168,000 / $95,000)
0
20Bank Of America 58 79%13%
  • 241%
  • (135,000 / $56,000)
  • 184%
  • (276,000 / $150,000)

Houston, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,445
  2. Loan Applications Denied: 645
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 3,177
  5. % of Loan Applications Originated 71

Houston, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio8
Credit history8
Collateral7
Unverifiable information2
Credit application incomplete2

Houston, 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 - $100,0001,550 6916
$100,000 - $300,0002,758 7213
$300,000 - $500,000129 5621
$500,000 - $1,000,0005 800
$1,000,000 - $1,500,0003 6633

Houston, 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 - $100,0003,646 6915
$100,000 - $300,000759 7511
$300,000 - $500,00024 7012
$500,000 - $1,000,0007 5728
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0003 1000
> $2,000,0003 990

Loan to Income Ratios Research for Mortgage in Houston, 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%24066 22
30 - 60%26074 13
60 - 100%36769 13
100 - 200%1,27674 11
200 - 300%1,25272 12
300 - 400%67073 13
> 400%38054 28

Houston, 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 Dwelling4,230 7114
Not Owner-Occupied As A Principal Dwelling197 7414
Not Applicable3 6633

Home Owner Property Type Statistics in Houston, 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)4,060 7015
One To Four-Family341 796
Manufactured Housing44 6320
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