Top Kalmar, MN Mortgage Lenders

RankKalmar Mortgage LenderKalmar Home Loans ProcessedKalmar Home Loans ApprovedKalmar Home Loans DeniedKalmar Mortgage Median Loan to Income Ratio (LTR) for Approved LoansKalmar Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,916 74%11%
  • 205%
  • (191,000 Loan / $93,000 Income)
  • 198%
  • (171,000 Loan / $86,000 Income)
2Think Mutual Bank 1,086 70%7%
  • 144%
  • (136,000 / $94,000)
  • 167%
  • (296,000 / $177,000)
3Qr Lending Inc 387 65%13%
  • 181%
  • (111,000 / $61,000)
  • 279%
  • (137,000 / $49,000)
4Home Federal Savings Bank 361 63%10%
  • 167%
  • (310,000 / $185,000)
  • 208%
  • (225,000 / $108,000)
5Us Bank 347 84%9%
  • 220%
  • (181,000 / $82,000)
  • 258%
  • (129,000 / $50,000)
6Affinity Plus Federal Credit U 302 65%1%
  • 131%
  • (201,000 / $153,000)
  • 298%
  • (239,000 / $80,000)
7Eastwood Bank 290 78%7%
  • 180%
  • (231,000 / $128,000)
  • 226%
  • (236,000 / $104,000)
8Bank Of America 253 77%12%
  • 238%
  • (179,000 / $75,000)
  • 275%
  • (160,000 / $58,000)
9Mayo Employees Federal Cu 232 91%5%
  • 47%
  • (46,000 / $96,000)
  • 50%
  • (30,000 / $59,000)
10Merchants Bank 225 76%6%
  • 217%
  • (185,000 / $85,000)
  • 193%
  • (417,000 / $215,000)
11First Federal Bank Of Florida 220 73%10%
  • 177%
  • (337,000 / $190,000)
  • 274%
  • (236,000 / $86,000)
12United Guaranty Corporation 170 79%4%
  • 241%
  • (111,000 / $46,000)
  • 273%
  • (402,000 / $147,000)
13Mortgage Guaranty Insurance Co 155 81%8%
  • 247%
  • (275,000 / $111,000)
  • 231%
  • (178,000 / $77,000)
14Jpmorgan Chase Bank 148 83%15%
  • 227%
  • (82,000 / $36,000)
  • 246%
  • (195,000 / $79,000)
15Associated Bank Na 135 79%11%
  • 189%
  • (283,000 / $149,000)
  • 173%
  • (167,000 / $96,000)
16Associated Bank 135 68%17%
  • 208%
  • (186,000 / $89,000)
  • 142%
  • (80,000 / $56,000)
17Genworth Mortgage Insurance Co 119 78%0%
  • 271%
  • (331,000 / $122,000)
0
18First Alliance Credit Union 117 78%7%
  • 189%
  • (138,000 / $73,000)
  • 245%
  • (118,000 / $48,000)
19Cmg Mortgage Insurance Co. 112 91%1%
  • 201%
  • (151,000 / $75,000)
  • 261%
  • (220,000 / $84,000)
20Citimortgage 106 75%7%
  • 190%
  • (103,000 / $54,000)
  • 230%
  • (258,000 / $112,000)

Kalmar, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 9,329
  2. Loan Applications Denied: 1,108
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 6,662
  5. % of Loan Applications Originated 71

Kalmar, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral8
Debt-to-income ratio6
Credit history6
Credit application incomplete2
Unverifiable information1

Kalmar, 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 - $100,0001,857 6715
$100,000 - $300,0006,595 7210
$300,000 - $500,000781 6810
$500,000 - $1,000,00088 5426
$1,000,000 - $1,500,0008 2550

Kalmar, 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 - $100,0006,058 6913
$100,000 - $300,0003,130 748
$300,000 - $500,000110 7511
$500,000 - $1,000,00027 773
$1,500,000 - $2,000,0002 5050
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Kalmar, 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%40671 16
30 - 60%51868 14
60 - 100%61472 11
100 - 200%3,01574 8
200 - 300%2,81172 10
300 - 400%1,31867 15
> 400%64754 23

Kalmar, 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 Dwelling9,109 7111
Not Owner-Occupied As A Principal Dwelling214 5921
Not Applicable2 5050

Home Owner Property Type Statistics in Kalmar, 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)8,576 7012
One To Four-Family692 833
Manufactured Housing61 3744
More Kalmar, MN Mortgage Research: