Top Iron Range, MN Mortgage Lenders

RankIron Range Mortgage LenderIron Range Home Loans ProcessedIron Range Home Loans ApprovedIron Range Home Loans DeniedIron Range Mortgage Median Loan to Income Ratio (LTR) for Approved LoansIron Range Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 589 65%8%
  • 120%
  • (81,000 Loan / $67,000 Income)
  • 233%
  • (77,000 Loan / $33,000 Income)
2Wells Fargo Bank 312 61%17%
  • 188%
  • (256,000 / $136,000)
  • 109%
  • (67,000 / $61,000)
3American Bank Of The North 220 76%17%
  • 130%
  • (95,000 / $73,000)
  • 155%
  • (92,000 / $59,000)
4Countrywide Bank Fsb 85 80%14%
  • 213%
  • (111,000 / $52,000)
  • 207%
  • (108,000 / $52,000)
5Jpmorgan Chase Bank 64 79%20%
  • 264%
  • (111,000 / $42,000)
  • 289%
  • (249,000 / $86,000)
6Citifinancial Services Inc 63 33%34%
  • 233%
  • (98,000 / $42,000)
  • 148%
  • (58,000 / $39,000)
7Us Bank 60 86%6%
  • 219%
  • (101,000 / $46,000)
  • 184%
  • (135,000 / $73,000)
8Citimortgage 52 71%13%
  • 268%
  • (78,000 / $29,000)
  • 196%
  • (179,000 / $91,000)
9Us Bank North Dakota 42 33%38%
  • 82%
  • (116,000 / $140,000)
  • 246%
  • (123,000 / $50,000)
10Northview Bank 41 75%14%
  • 181%
  • (125,000 / $69,000)
  • 190%
  • (116,000 / $61,000)
11Freedom Mortgage Corp. 35 74%8%
  • 238%
  • (124,000 / $52,000)
  • 126%
  • (139,000 / $110,000)
12Countrywide Home Loans 34 82%14%
  • 197%
  • (93,000 / $47,000)
  • 164%
  • (69,000 / $42,000)
13Wells Fargo Fin'l Minnesota 29 13%34%
  • 299%
  • (299,000 / $100,000)
  • 181%
  • (80,000 / $44,000)
14Cmg Mortgage Insurance Co. 29 86%3%
  • 242%
  • (245,000 / $101,000)
  • 269%
  • (294,000 / $109,000)
15Bank Of America 29 68%17%
  • 231%
  • (199,000 / $86,000)
  • 194%
  • (107,000 / $55,000)
16Phh Mortgage Corporation 28 67%7%
  • 170%
  • (80,000 / $47,000)
  • 320%
  • (109,000 / $34,000)
17Beneficial Company Llc 26 11%73%
  • 63%
  • (14,000 / $22,000)
  • 113%
  • (60,000 / $53,000)
18Citibank 23 82%8%
  • 54%
  • (66,000 / $122,000)
  • 66%
  • (42,000 / $63,000)
19Quicken Loans 22 72%22%
  • 256%
  • (118,000 / $46,000)
  • 344%
  • (124,000 / $36,000)
20Genworth Mortgage Insurance Co 20 85%5%
  • 248%
  • (117,000 / $47,000)
  • 256%
  • (320,000 / $125,000)

Iron Range, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,431
  2. Loan Applications Denied: 405
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,545
  5. % of Loan Applications Originated 63

Iron Range, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral11
Debt-to-income ratio6
Credit application incomplete3
Unverifiable information2

Iron Range, 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 - $100,0001,246 6218
$100,000 - $300,0001,122 6415
$300,000 - $500,00061 5714
$500,000 - $1,000,0002 1000

Iron Range, 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 - $100,0002,102 6117
$100,000 - $300,000317 7211
$300,000 - $500,0009 770
$500,000 - $1,000,0002 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Iron Range, 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%14270 17
30 - 60%20066 12
60 - 100%22664 15
100 - 200%77664 16
200 - 300%59261 16
300 - 400%30062 19
> 400%19554 20

Iron Range, 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 Dwelling2,203 6217
Not Owner-Occupied As A Principal Dwelling205 769
Not Applicable8 5025

Home Owner Property Type Statistics in Iron Range, 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)2,157 6316
Manufactured Housing153 5326
One To Four-Family121 797
More Iron Range, MN Mortgage Research: