Top Lessor, MN Mortgage Lenders

RankLessor Mortgage LenderLessor Home Loans ProcessedLessor Home Loans ApprovedLessor Home Loans DeniedLessor Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLessor Mortgage Median LTR for Denied Loans
1Bremer Bank Na (Grand Forks) 123 85%4%
  • 148%
  • (180,000 Loan / $121,000 Income)
  • 111%
  • (75,000 Loan / $67,000 Income)
2Wells Fargo Bank 112 62%18%
  • 158%
  • (190,000 / $120,000)
  • 240%
  • (154,000 / $64,000)
3Ultima Bank Minnesota 100 81%15%
  • 74%
  • (80,000 / $108,000)
  • 81%
  • (35,000 / $43,000)
4Jpmorgan Chase Bank 66 90%6%
  • 123%
  • (144,000 / $117,000)
  • 194%
  • (204,000 / $105,000)
5Citimortgage 55 87%1%
  • 210%
  • (311,000 / $148,000)
  • 12%
  • (63,000 / $525,000)
6Unity Bank North 54 94%3%
  • 98%
  • (60,000 / $61,000)
  • 362%
  • (105,000 / $29,000)
7American Federal Bank 50 86%14%
  • 117%
  • (261,000 / $222,000)
  • 172%
  • (176,000 / $102,000)
8Alerus Financial 29 86%10%
  • 125%
  • (131,000 / $104,000)
  • 50%
  • (30,000 / $59,000)
9Us Bank 28 60%28%
  • 274%
  • (349,000 / $127,000)
  • 322%
  • (158,000 / $49,000)
10Countrywide Bank Fsb 23 86%8%
  • 331%
  • (265,000 / $80,000)
  • 228%
  • (73,000 / $32,000)
11Wealthbridge Mortgage Corp. 20 75%15%
  • 242%
  • (68,000 / $28,000)
  • 290%
  • (61,000 / $21,000)
12Countrywide Home Loans 19 84%10%
  • 225%
  • (158,000 / $70,000)
  • 300%
  • (171,000 / $57,000)
13Affinity Plus Federal Credit U 17 64%17%
  • 189%
  • (208,000 / $110,000)
  • 260%
  • (125,000 / $48,000)
14Frandsen Bank & Trust 15 100%0%
  • 169%
  • (112,000 / $66,000)
0
15Mortgage Guaranty Insurance Co 14 71%7%
  • 210%
  • (80,000 / $38,000)
  • 262%
  • (176,000 / $67,000)
16Citibank 13 61%15%
  • 115%
  • (111,000 / $96,000)
  • 198%
  • (214,000 / $108,000)
17Quicken Loans 12 50%33%
  • 241%
  • (82,000 / $34,000)
  • 243%
  • (156,000 / $64,000)
18Gate City Bank 11 81%18%
  • 111%
  • (150,000 / $134,000)
  • 338%
  • (220,000 / $65,000)
19Embrace Home Loans, 11 9%9%
  • 270%
  • (208,000 / $77,000)
  • 255%
  • (69,000 / $27,000)
20Crookston National Bank 11 63%27%
  • 174%
  • (96,000 / $55,000)
  • 96%
  • (26,000 / $27,000)

Lessor, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,144
  2. Loan Applications Denied: 173
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 806
  5. % of Loan Applications Originated 70

Lessor, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Debt-to-income ratio14
Collateral12
Credit application incomplete5
Unverifiable information1

Lessor, 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 - $100,000498 6716
$100,000 - $300,000576 7114
$300,000 - $500,00069 807
$500,000 - $1,000,0001 0100

Lessor, 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 - $100,000844 6518
$100,000 - $300,000261 797
$300,000 - $500,00024 990
$500,000 - $1,000,00014 787
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Lessor, 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%6667 16
30 - 60%11178 9
60 - 100%13175 9
100 - 200%39672 12
200 - 300%26168 17
300 - 400%12961 22
> 400%5050 30

Lessor, 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 Dwelling888 6717
Not Owner-Occupied As A Principal Dwelling252 826

Home Owner Property Type Statistics in Lessor, 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)1,053 7114
Manufactured Housing55 5623
One To Four-Family36 728
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