Top Kerrick, MN Mortgage Lenders

RankKerrick Mortgage LenderKerrick Home Loans ProcessedKerrick Home Loans ApprovedKerrick Home Loans DeniedKerrick Mortgage Median Loan to Income Ratio (LTR) for Approved LoansKerrick Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 100 68%18%
  • 144%
  • (117,000 Loan / $81,000 Income)
  • 161%
  • (155,000 Loan / $96,000 Income)
2Northview Bank 86 65%24%
  • 140%
  • (104,000 / $74,000)
  • 165%
  • (109,000 / $66,000)
3Woodlands National Bank 55 50%34%
  • 250%
  • (80,000 / $32,000)
  • 196%
  • (120,000 / $61,000)
4Lake State Federal Credit Unio 53 30%24%
  • 267%
  • (150,000 / $56,000)
  • 254%
  • (61,000 / $24,000)
5Jpmorgan Chase Bank 35 97%2%
  • 202%
  • (144,000 / $71,000)
  • 73%
  • (236,000 / $320,000)
6Phh Mortgage Corporation 32 68%6%
  • 206%
  • (91,000 / $44,000)
  • 388%
  • (70,000 / $18,000)
7Us Bank 24 75%16%
  • 201%
  • (197,000 / $98,000)
  • 298%
  • (200,000 / $67,000)
8Affinity Plus Federal Credit U 23 47%4%
  • 118%
  • (163,000 / $138,000)
  • 26%
  • (22,000 / $83,000)
9Bank Of America 22 63%18%
  • 241%
  • (152,000 / $63,000)
  • 254%
  • (191,000 / $75,000)
10Us Bank North Dakota 20 25%55%
  • 75%
  • (24,000 / $32,000)
  • 122%
  • (43,000 / $35,000)
11Countrywide Bank Fsb 20 80%10%
  • 372%
  • (164,000 / $44,000)
  • 547%
  • (208,000 / $38,000)
12Flagstar Bank 18 94%5%
  • 288%
  • (225,000 / $78,000)
  • 234%
  • (352,000 / $150,000)
13Quicken Loans 17 76%17%
  • 191%
  • (197,000 / $103,000)
  • 491%
  • (172,000 / $35,000)
14Mortgage Guaranty Insurance Co 16 81%0%
  • 257%
  • (126,000 / $49,000)
0
15Citimortgage 16 93%0%
  • 297%
  • (241,000 / $81,000)
0
16Countrywide Home Loans 14 78%21%
  • 308%
  • (145,000 / $47,000)
  • 240%
  • (108,000 / $45,000)
17Beneficial Company Llc 14 14%64%
  • 55%
  • (15,000 / $27,000)
  • 196%
  • (151,000 / $77,000)
18Us Bk Na Nd 13 38%61%
  • 185%
  • (104,000 / $56,000)
  • 215%
  • (86,000 / $40,000)
19Towne Mortgage Company 12 83%16%
  • 230%
  • (184,000 / $80,000)
  • 295%
  • (204,000 / $69,000)
20Embrace Home Loans, 12 16%25%
  • 546%
  • (175,000 / $32,000)
  • 258%
  • (150,000 / $58,000)

Kerrick, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 943
  2. Loan Applications Denied: 196
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 563
  5. % of Loan Applications Originated 59

Kerrick, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral20
Credit history14
Debt-to-income ratio11
Credit application incomplete4
Insufficient cash (downpayment, closing costs)1

Kerrick, 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 - $100,000282 4929
$100,000 - $300,000623 6217
$300,000 - $500,00037 6416
$500,000 - $1,000,0001 1000

Kerrick, 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 - $100,000662 5424
$100,000 - $300,000249 6612
$300,000 - $500,00017 935
$500,000 - $1,000,00014 990
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Kerrick, 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%2556 28
30 - 60%5766 24
60 - 100%10364 13
100 - 200%32165 16
200 - 300%21651 27
300 - 400%12154 19
> 400%10054 24

Kerrick, 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 Dwelling692 5522
Not Owner-Occupied As A Principal Dwelling241 7015
Not Applicable3 3333

Home Owner Property Type Statistics in Kerrick, 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)825 6020
Manufactured Housing80 4137
One To Four-Family38 782
More Kerrick, MN Mortgage Research: