Top Industrial, MN Mortgage Lenders

RankIndustrial Mortgage LenderIndustrial Home Loans ProcessedIndustrial Home Loans ApprovedIndustrial Home Loans DeniedIndustrial Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIndustrial Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 503 66%12%
  • 193%
  • (122,000 Loan / $63,000 Income)
  • 172%
  • (148,000 Loan / $86,000 Income)
2North Shore Bank Of Commerce 206 74%12%
  • 214%
  • (150,000 / $70,000)
  • 253%
  • (147,000 / $58,000)
3Us Bank 169 80%11%
  • 241%
  • (116,000 / $48,000)
  • 262%
  • (210,000 / $80,000)
4Members Cooperative Credit Uni 117 71%15%
  • 112%
  • (36,000 / $32,000)
  • 240%
  • (118,000 / $49,000)
5Affinity Plus Federal Credit U 92 63%8%
  • 151%
  • (214,000 / $141,000)
  • 161%
  • (95,000 / $59,000)
6Phh Mortgage Corporation 88 87%4%
  • 226%
  • (68,000 / $30,000)
  • 250%
  • (95,000 / $38,000)
7Jpmorgan Chase Bank 85 76%22%
  • 226%
  • (113,000 / $50,000)
  • 291%
  • (291,000 / $100,000)
8Bank Of America 85 78%14%
  • 211%
  • (89,000 / $42,000)
  • 248%
  • (92,000 / $37,000)
9Countrywide Bank Fsb 74 64%21%
  • 302%
  • (145,000 / $48,000)
  • 330%
  • (165,000 / $50,000)
10Us Bk Na Nd 56 58%26%
  • 157%
  • (216,000 / $137,000)
  • 161%
  • (50,000 / $31,000)
11Western National Bank 51 86%9%
  • 197%
  • (85,000 / $43,000)
  • 241%
  • (270,000 / $112,000)
12Citimortgage 46 84%4%
  • 364%
  • (226,000 / $62,000)
  • 263%
  • (219,000 / $83,000)
13Countrywide Home Loans 44 86%6%
  • 298%
  • (257,000 / $86,000)
  • 260%
  • (130,000 / $50,000)
14Mortgage Guaranty Insurance Co 41 65%2%
  • 242%
  • (259,000 / $107,000)
  • 404%
  • (89,000 / $22,000)
15Us Bank North Dakota 40 47%40%
  • 100%
  • (116,000 / $115,000)
  • 181%
  • (69,000 / $38,000)
16United Guaranty Corporation 37 83%5%
  • 228%
  • (160,000 / $70,000)
  • 260%
  • (292,000 / $112,000)
17Cornerstone State Bank 33 84%6%
  • 244%
  • (120,000 / $49,000)
  • 198%
  • (99,000 / $50,000)
18Woodlands National Bank 30 36%40%
  • 231%
  • (185,000 / $80,000)
  • 302%
  • (115,000 / $38,000)
19Genworth Mortgage Insurance Co 30 66%6%
  • 259%
  • (304,000 / $117,000)
  • 461%
  • (194,000 / $42,000)
20Pnc Bank N.A. 29 65%24%
  • 241%
  • (128,000 / $53,000)
  • 368%
  • (199,000 / $54,000)

Industrial, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,891
  2. Loan Applications Denied: 480
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,928
  5. % of Loan Applications Originated 66

Industrial, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Industrial, 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 - $100,000741 6519
$100,000 - $300,0001,989 6715
$300,000 - $500,000150 5814
$500,000 - $1,000,0008 3737
$1,000,000 - $1,500,0003 0100

Industrial, 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 - $100,0002,243 6518
$100,000 - $300,000602 7011
$300,000 - $500,00028 5010
$500,000 - $1,000,00014 647
$1,000,000 - $1,500,0004 5025

Loan to Income Ratios Research for Mortgage in Industrial, 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%11263 16
30 - 60%13965 16
60 - 100%21972 16
100 - 200%75369 13
200 - 300%86369 14
300 - 400%47261 19
> 400%33355 24

Industrial, 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 Dwelling2,759 6616
Not Owner-Occupied As A Principal Dwelling122 7212
Not Applicable5 800

Home Owner Property Type Statistics in Industrial, 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)2,586 6616
One To Four-Family165 753
Manufactured Housing140 5528
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