Top Ideal, MN Mortgage Lenders

RankIdeal Mortgage LenderIdeal Home Loans ProcessedIdeal Home Loans ApprovedIdeal Home Loans DeniedIdeal Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIdeal Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 910 68%13%
  • 182%
  • (128,000 Loan / $70,000 Income)
  • 200%
  • (146,000 Loan / $73,000 Income)
2Us Bank 492 84%9%
  • 239%
  • (417,000 / $174,000)
  • 238%
  • (509,000 / $213,000)
3Jpmorgan Chase Bank 249 84%13%
  • 233%
  • (152,000 / $65,000)
  • 196%
  • (224,000 / $114,000)
4Countrywide Bank Fsb 142 73%15%
  • 219%
  • (281,000 / $128,000)
  • 285%
  • (274,000 / $96,000)
5Citimortgage 140 79%9%
  • 285%
  • (120,000 / $42,000)
  • 289%
  • (417,000 / $144,000)
6Riverwood Bank 138 79%7%
  • 205%
  • (193,000 / $94,000)
  • 269%
  • (375,000 / $139,000)
7Bank Of America 135 73%11%
  • 198%
  • (119,000 / $60,000)
  • 365%
  • (146,000 / $40,000)
8Affinity Plus Federal Credit U 107 62%5%
  • 164%
  • (51,000 / $31,000)
  • 174%
  • (157,000 / $90,000)
9Countrywide Home Loans 86 82%11%
  • 243%
  • (1,000,000 / $410,000)
  • 236%
  • (170,000 / $72,000)
10Citibank 79 75%8%
  • 175%
  • (315,000 / $179,000)
  • 90%
  • (150,000 / $165,000)
11The Business Bank 59 91%6%
  • 166%
  • (240,000 / $144,000)
  • 416%
  • (200,000 / $48,000)
12American National Bank Of Minn 59 69%11%
  • 193%
  • (224,000 / $116,000)
  • 521%
  • (120,000 / $23,000)
13Us Bank North Dakota 55 30%41%
  • 161%
  • (100,000 / $62,000)
  • 185%
  • (50,000 / $27,000)
14Mortgage Guaranty Insurance Co 52 78%1%
  • 241%
  • (150,000 / $62,000)
  • 229%
  • (133,000 / $58,000)
15Us Bk Na Nd 43 62%32%
  • 147%
  • (78,000 / $53,000)
  • 326%
  • (170,000 / $52,000)
16Wells Fargo Funding 42 100%0%
  • 297%
  • (131,000 / $44,000)
0
17Quicken Loans 41 58%26%
  • 373%
  • (142,000 / $38,000)
  • 294%
  • (333,000 / $113,000)
18Frandsen Bank & Trust 38 78%5%
  • 186%
  • (269,000 / $144,000)
  • 448%
  • (166,000 / $37,000)
19Bell America Mortgage Llc Dba 35 60%8%
  • 194%
  • (270,000 / $139,000)
  • 282%
  • (158,000 / $56,000)
20Provident Funding Associates 34 64%26%
  • 223%
  • (281,000 / $126,000)
  • 306%
  • (417,000 / $136,000)

Ideal, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,535
  2. Loan Applications Denied: 640
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 3,180
  5. % of Loan Applications Originated 70

Ideal, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history8
Credit application incomplete5
Unverifiable information3

Ideal, 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 - $100,000758 6417
$100,000 - $300,0002,729 6913
$300,000 - $500,000839 7312
$500,000 - $1,000,000172 6519
$1,000,000 - $1,500,00028 6714
$1,500,000 - $2,000,0004 750
> $2,000,0005 6020

Ideal, 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 - $100,0002,621 6616
$100,000 - $300,0001,546 7310
$300,000 - $500,000238 7311
$500,000 - $1,000,00098 809
$1,000,000 - $1,500,00018 7711
$1,500,000 - $2,000,0004 750
> $2,000,00010 8010

Loan to Income Ratios Research for Mortgage in Ideal, 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%11157 23
30 - 60%20365 17
60 - 100%44172 10
100 - 200%1,33574 10
200 - 300%1,11571 13
300 - 400%75267 15
> 400%57858 22

Ideal, 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 Dwelling2,820 6616
Not Owner-Occupied As A Principal Dwelling1,673 769
Not Applicable7 4228

Home Owner Property Type Statistics in Ideal, 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)4,281 6914
One To Four-Family183 832
Manufactured Housing71 5330
More Ideal, MN Mortgage Research: