Top Iona, MN Mortgage Lenders

RankIona Mortgage LenderIona Home Loans ProcessedIona Home Loans ApprovedIona Home Loans DeniedIona Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIona Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 137 56%17%
  • 200%
  • (126,000 Loan / $63,000 Income)
  • 287%
  • (247,000 Loan / $86,000 Income)
2Central Minnesota Cu 76 88%5%
  • 117%
  • (60,000 / $51,000)
  • 286%
  • (192,000 / $67,000)
3Jpmorgan Chase Bank 75 85%12%
  • 246%
  • (101,000 / $41,000)
  • 238%
  • (203,000 / $85,000)
4Beneficial Company Llc 40 2%75%
  • 182%
  • (161,000 / $88,000)
  • 289%
  • (171,000 / $59,000)
5Countrywide Bank Fsb 39 74%17%
  • 240%
  • (180,000 / $75,000)
  • 320%
  • (247,000 / $77,000)
6Unity Bank 38 71%26%
  • 85%
  • (75,000 / $88,000)
  • 153%
  • (100,000 / $65,000)
7Central Mn Cu 34 64%17%
  • 177%
  • (140,000 / $79,000)
  • 243%
  • (90,000 / $37,000)
8Agstar Financial Services 33 75%6%
  • 100%
  • (220,000 / $220,000)
  • 431%
  • (220,000 / $51,000)
9Citimortgage 32 90%3%
  • 350%
  • (140,000 / $40,000)
  • 263%
  • (58,000 / $22,000)
10Countrywide Home Loans 26 80%15%
  • 335%
  • (124,000 / $37,000)
  • 214%
  • (103,000 / $48,000)
11Bank Of America 25 72%8%
  • 232%
  • (135,000 / $58,000)
  • 486%
  • (209,000 / $43,000)
12Embrace Home Loans, 21 4%47%
  • 180%
  • (90,000 / $50,000)
  • 292%
  • (82,000 / $28,000)
13Us Bank North Dakota 20 20%50%
  • 162%
  • (109,000 / $67,000)
  • 228%
  • (210,000 / $92,000)
14Us Bank 19 94%5%
  • 255%
  • (102,000 / $40,000)
  • 368%
  • (140,000 / $38,000)
15American Heritage Natl Bank 18 38%44%
  • 130%
  • (26,000 / $20,000)
  • 126%
  • (29,000 / $23,000)
16Washington Mutual Bank 16 100%0%
  • 317%
  • (248,000 / $78,000)
0
17Affinity Plus Federal Credit U 15 66%20%
  • 138%
  • (112,000 / $81,000)
  • 47%
  • (30,000 / $63,000)
18Gmac Mortgage Llc 13 15%53%
  • 94%
  • (80,000 / $85,000)
  • 379%
  • (110,000 / $29,000)
19Citibank 13 76%7% 0
  • 133%
  • (32,000 / $24,000)
20Wells Fargo Funding 12 100%0%
  • 141%
  • (65,000 / $46,000)
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Iona, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,080
  2. Loan Applications Denied: 214
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 685
  5. % of Loan Applications Originated 63

Iona, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Debt-to-income ratio11
Credit history11
Credit application incomplete2
Unverifiable information1

Iona, 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 - $100,000420 6022
$100,000 - $300,000641 6418
$300,000 - $500,00019 7810

Iona, 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 - $100,000912 5922
$100,000 - $300,000158 788
$300,000 - $500,0007 990
$500,000 - $1,000,0001 00
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Iona, 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%4072 12
30 - 60%7673 15
60 - 100%9664 17
100 - 200%28668 15
200 - 300%30163 17
300 - 400%17254 25
> 400%10947 35

Iona, 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 Dwelling925 6021
Not Owner-Occupied As A Principal Dwelling147 788
Not Applicable2 0100

Home Owner Property Type Statistics in Iona, 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)979 6220
Manufactured Housing55 5629
One To Four-Family46 894
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