Top International Falls, MN Mortgage Lenders

RankInternational Falls Mortgage LenderInternational Falls Home Loans ProcessedInternational Falls Home Loans ApprovedInternational Falls Home Loans DeniedInternational Falls Mortgage Median Loan to Income Ratio (LTR) for Approved LoansInternational Falls Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,171 60%19%
  • 166%
  • (70,000 Loan / $42,000 Income)
  • 159%
  • (75,000 Loan / $47,000 Income)
2Jpmorgan Chase Bank 316 79%16%
  • 227%
  • (82,000 / $36,000)
  • 187%
  • (109,000 / $58,000)
3Countrywide Bank Fsb 251 71%20%
  • 200%
  • (58,000 / $29,000)
  • 244%
  • (44,000 / $18,000)
4Citimortgage 240 80%10%
  • 162%
  • (44,000 / $27,000)
  • 250%
  • (80,000 / $32,000)
5Genworth Mortgage Insurance Co 239 57%1%
  • 200%
  • (52,000 / $26,000)
  • 188%
  • (115,000 / $61,000)
6Agstar Financial Services 215 62%9%
  • 192%
  • (123,000 / $64,000)
  • 305%
  • (208,000 / $68,000)
7First State Bank Of Wabasha 207 97%1%
  • 141%
  • (174,000 / $123,000)
  • 348%
  • (195,000 / $56,000)
8Mortgage Guaranty Insurance Co 202 63%9%
  • 183%
  • (68,000 / $37,000)
  • 238%
  • (119,000 / $50,000)
9Beneficial Company Llc 178 6%79%
  • 201%
  • (121,000 / $60,000)
  • 179%
  • (142,000 / $79,000)
10Countrywide Home Loans 151 77%12%
  • 202%
  • (69,000 / $34,000)
  • 224%
  • (56,000 / $25,000)
11Us Bank 144 77%12%
  • 204%
  • (194,000 / $95,000)
  • 296%
  • (234,000 / $79,000)
12Affinity Plus Federal Credit U 139 60%7%
  • 111%
  • (75,000 / $67,000)
  • 270%
  • (81,000 / $30,000)
13Bank Of America 127 73%14%
  • 187%
  • (217,000 / $116,000)
  • 169%
  • (110,000 / $65,000)
14Citifinancial Services Inc 123 39%38%
  • 170%
  • (46,000 / $27,000)
  • 153%
  • (40,000 / $26,000)
15Wells Federal Bank 120 55%25%
  • 214%
  • (133,000 / $62,000)
  • 194%
  • (148,000 / $76,000)
16Hometown Bank 117 89%9%
  • 125%
  • (294,000 / $235,000)
  • 181%
  • (40,000 / $22,000)
17Wells Fargo Fin'l Minnesota 114 20%48%
  • 219%
  • (134,000 / $61,000)
  • 164%
  • (23,000 / $14,000)
18Embrace Home Loans, 113 6%49%
  • 236%
  • (149,000 / $63,000)
  • 198%
  • (171,000 / $86,000)
19Roundbank 111 85%9%
  • 91%
  • (33,000 / $36,000)
  • 203%
  • (134,000 / $66,000)
20United Guaranty Corporation 100 80%0%
  • 202%
  • (69,000 / $34,000)
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International Falls, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,201
  2. Loan Applications Denied: 1,692
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 5,049
  5. % of Loan Applications Originated 61

International Falls, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral9
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

International Falls, 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 - $100,0004,240 6121
$100,000 - $300,0003,741 6019
$300,000 - $500,000197 5619
$500,000 - $1,000,00016 6225
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0005 2060
> $2,000,0001 1000

International Falls, 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 - $100,0007,076 5921
$100,000 - $300,0001,026 7212
$300,000 - $500,00063 7414
$500,000 - $1,000,00027 5129
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0003 6633
> $2,000,0003 660

Loan to Income Ratios Research for Mortgage in International Falls, 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%40865 20
30 - 60%57061 23
60 - 100%87065 17
100 - 200%2,73364 18
200 - 300%2,01361 18
300 - 400%96954 25
> 400%63846 31

International Falls, 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 Dwelling7,533 6021
Not Owner-Occupied As A Principal Dwelling606 7314
Not Applicable13 840

Home Owner Property Type Statistics in International Falls, 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)7,177 6022
One To Four-Family786 684
Manufactured Housing238 5627
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