Top Iosco, MN Mortgage Lenders

RankIosco Mortgage LenderIosco Home Loans ProcessedIosco Home Loans ApprovedIosco Home Loans DeniedIosco Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIosco Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 324 68%12%
  • 215%
  • (123,000 Loan / $57,000 Income)
  • 230%
  • (136,000 Loan / $59,000 Income)
2Roundbank 176 83%6%
  • 115%
  • (212,000 / $183,000)
  • 286%
  • (166,000 / $58,000)
3Wells Federal Bank 55 43%36%
  • 228%
  • (121,000 / $53,000)
  • 277%
  • (100,000 / $36,000)
4Agstar Financial Services 47 59%12%
  • 288%
  • (360,000 / $125,000)
  • 419%
  • (218,000 / $52,000)
5Beneficial Company Llc 43 2%81%
  • 219%
  • (101,000 / $46,000)
  • 222%
  • (225,000 / $101,000)
6Jpmorgan Chase Bank 42 85%11%
  • 217%
  • (176,000 / $81,000)
  • 332%
  • (183,000 / $55,000)
7Genworth Mortgage Insurance Co 39 56%0%
  • 272%
  • (202,000 / $74,000)
0
8Countrywide Bank Fsb 36 75%16%
  • 197%
  • (136,000 / $69,000)
  • 340%
  • (170,000 / $50,000)
9Citimortgage 33 84%12%
  • 288%
  • (72,000 / $25,000)
  • 310%
  • (171,000 / $55,000)
10Affinity Plus Federal Credit U 32 62%3%
  • 72%
  • (36,000 / $50,000)
  • 210%
  • (97,000 / $46,000)
11Mortgage Guaranty Insurance Co 29 65%13%
  • 242%
  • (221,000 / $91,000)
  • 235%
  • (158,000 / $67,000)
12United Prairie Bank 22 59%27%
  • 126%
  • (150,000 / $119,000)
  • 284%
  • (145,000 / $51,000)
13Wells Fargo Fin'l Minnesota 19 21%68%
  • 373%
  • (153,000 / $41,000)
  • 244%
  • (142,000 / $58,000)
14Countrywide Home Loans 19 89%5%
  • 159%
  • (284,000 / $178,000)
  • 258%
  • (129,000 / $50,000)
15Us Bank 18 94%0%
  • 215%
  • (151,000 / $70,000)
0
16Citibank 17 70%29%
  • 90%
  • (66,000 / $73,000)
  • 107%
  • (75,000 / $70,000)
17Tcf National Bank 16 37%37%
  • 198%
  • (133,000 / $67,000)
  • 284%
  • (74,000 / $26,000)
18St. Clair State Bank 16 100%0%
  • 158%
  • (46,000 / $29,000)
0
19First Suburban National Bank 16 31%31%
  • 253%
  • (180,000 / $71,000)
  • 301%
  • (175,000 / $58,000)
20Embrace Home Loans, 16 6%50%
  • 225%
  • (124,000 / $55,000)
  • 251%
  • (83,000 / $33,000)

Iosco, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,486
  2. Loan Applications Denied: 300
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 918
  5. % of Loan Applications Originated 61

Iosco, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Debt-to-income ratio10
Collateral8
Unverifiable information1
Credit application incomplete1

Iosco, 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 - $100,000466 6520
$100,000 - $300,000978 5919
$300,000 - $500,00038 5226
$500,000 - $1,000,0003 1000
$1,500,000 - $2,000,0001 1000

Iosco, 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 - $100,0001,276 6021
$100,000 - $300,000201 6711
$300,000 - $500,0007 8514
$500,000 - $1,000,0001 1000
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Iosco, 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%7275 15
30 - 60%9261 20
60 - 100%10078 12
100 - 200%36665 14
200 - 300%47859 21
300 - 400%22956 23
> 400%14945 32

Iosco, 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 Dwelling1,439 6120
Not Owner-Occupied As A Principal Dwelling43 7413
Not Applicable2 1000

Home Owner Property Type Statistics in Iosco, 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)1,360 6121
One To Four-Family116 696
Manufactured Housing10 3030
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