Top Ida, MN Mortgage Lenders

RankIda Mortgage LenderIda Home Loans ProcessedIda Home Loans ApprovedIda Home Loans DeniedIda Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIda Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 571 73%11%
  • 203%
  • (106,000 Loan / $52,000 Income)
  • 213%
  • (141,000 Loan / $66,000 Income)
2Jpmorgan Chase Bank 274 86%11%
  • 189%
  • (148,000 / $78,000)
  • 234%
  • (162,000 / $69,000)
3Citimortgage 173 92%4%
  • 201%
  • (113,000 / $56,000)
  • 382%
  • (268,000 / $70,000)
4Countrywide Bank Fsb 146 73%19%
  • 242%
  • (126,000 / $52,000)
  • 247%
  • (131,000 / $53,000)
5Us Bank 96 87%6%
  • 250%
  • (266,000 / $106,000)
  • 255%
  • (143,000 / $56,000)
6State Bank & Trust 94 72%8%
  • 114%
  • (237,000 / $207,000)
  • 188%
  • (279,000 / $148,000)
7Bank Of America 76 67%18%
  • 241%
  • (87,000 / $36,000)
  • 314%
  • (286,000 / $91,000)
8Countrywide Home Loans 73 83%10%
  • 190%
  • (200,000 / $105,000)
  • 291%
  • (280,000 / $96,000)
9Citibank 68 70%17%
  • 122%
  • (262,000 / $214,000)
  • 228%
  • (57,000 / $25,000)
10Washington Mutual Bank 38 71%23%
  • 252%
  • (414,000 / $164,000)
  • 273%
  • (112,000 / $41,000)
11Affinity Plus Federal Credit U 38 63%7%
  • 130%
  • (153,000 / $117,000)
  • 393%
  • (291,000 / $74,000)
12Beneficial Company Llc 37 8%72%
  • 321%
  • (148,000 / $46,000)
  • 309%
  • (198,000 / $64,000)
13Merchants Bank 36 86%11%
  • 189%
  • (161,000 / $85,000)
  • 159%
  • (245,000 / $154,000)
14Genworth Mortgage Insurance Co 35 57%0%
  • 334%
  • (97,000 / $29,000)
0
15Mortgage Guaranty Insurance Co 32 84%3%
  • 241%
  • (140,000 / $58,000)
  • 263%
  • (174,000 / $66,000)
16Blackridge Bank 27 40%40%
  • 100%
  • (26,000 / $26,000)
  • 262%
  • (71,000 / $27,000)
17Us Bank North Dakota 26 34%38%
  • 115%
  • (67,000 / $58,000)
  • 182%
  • (190,000 / $104,000)
18Amerisave Mortgage Corporation 25 36%32%
  • 245%
  • (113,000 / $46,000)
  • 470%
  • (80,000 / $17,000)
19Pmi Mortgage Insurance Co. 24 58%8%
  • 361%
  • (206,000 / $57,000)
  • 441%
  • (181,000 / $41,000)
20Wells Fargo Funding 23 95%4% 0
  • 207%
  • (236,000 / $114,000)

Ida, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,900
  2. Loan Applications Denied: 439
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 2,045
  5. % of Loan Applications Originated 70

Ida, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio11
Credit history8
Credit application incomplete3
Unverifiable information2

Ida, 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 - $100,000625 6517
$100,000 - $300,0001,911 7114
$300,000 - $500,000334 7311
$500,000 - $1,000,00029 6824
$1,000,000 - $1,500,0001 0100

Ida, 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 - $100,0001,975 6617
$100,000 - $300,000815 7610
$300,000 - $500,00085 859
$500,000 - $1,000,00021 859
$1,000,000 - $1,500,0004 1000

Loan to Income Ratios Research for Mortgage in Ida, 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%8165 20
30 - 60%10672 13
60 - 100%24172 9
100 - 200%85576 11
200 - 300%77969 15
300 - 400%46669 15
> 400%37256 24

Ida, 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 Dwelling2,214 6617
Not Owner-Occupied As A Principal Dwelling648 829
Not Applicable6 6616

Home Owner Property Type Statistics in Ida, 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)2,701 7015
One To Four-Family151 712
Manufactured Housing48 5033
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