Top Little Elbow, MN Mortgage Lenders

RankLittle Elbow Mortgage LenderLittle Elbow Home Loans ProcessedLittle Elbow Home Loans ApprovedLittle Elbow Home Loans DeniedLittle Elbow Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLittle Elbow Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 18 77%5%
  • 132%
  • (90,000 Loan / $68,000 Income)
  • 137%
  • (74,000 Loan / $54,000 Income)
2Midwest Bank 18 83%16%
  • 212%
  • (210,000 / $99,000)
  • 255%
  • (120,000 / $47,000)
3American Federal Bank 14 100%0%
  • 109%
  • (124,000 / $113,000)
0
4Ultima Bank Minnesota 13 100%0%
  • 110%
  • (122,000 / $110,000)
0
5Us Bank 11 63%36%
  • 150%
  • (260,000 / $173,000)
  • 280%
  • (320,000 / $114,000)
6First National Bank 11 54%36%
  • 196%
  • (49,000 / $25,000)
  • 114%
  • (62,000 / $54,000)
7Jpmorgan Chase Bank 10 90%10%
  • 119%
  • (93,000 / $78,000)
  • 515%
  • (98,000 / $19,000)
8State Bank & Trust 9 66%11%
  • 138%
  • (61,000 / $44,000)
  • 184%
  • (275,000 / $149,000)
9Embrace Home Loans, 8 12%50%
  • 306%
  • (150,000 / $49,000)
  • 460%
  • (207,000 / $45,000)
10Alerus Financial 7 100%0%
  • 102%
  • (74,000 / $72,000)
0
11Northwestern Bank 5 100%0%
  • 317%
  • (143,000 / $45,000)
0
12Hiway Federal Credit Union 5 80%20%
  • 40%
  • (27,000 / $67,000)
  • 258%
  • (106,000 / $41,000)
13Republic Mortgage Insurance Co 4 25%0%
  • 75%
  • (36,000 / $48,000)
0
14Countrywide Bank Fsb 4 75%25%
  • 127%
  • (83,000 / $65,000)
  • 140%
  • (77,000 / $55,000)
15Citimortgage 4 75%0%
  • 276%
  • (119,000 / $43,000)
0
16Affinity Plus Federal Credit U 4 75%0%
  • 103%
  • (28,000 / $27,000)
0
17United Guaranty Corporation 3 66%0%
  • 276%
  • (119,000 / $43,000)
0
18Radian Guaranty 3 66%0%
  • 293%
  • (179,000 / $61,000)
0
19Gate City Bank 3 66%0%
  • 166%
  • (171,000 / $103,000)
0
20Franklin American Mortgage Co 3 100%0%
  • 219%
  • (101,000 / $46,000)
0

Little Elbow, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 235
  2. Loan Applications Denied: 36
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 172
  5. % of Loan Applications Originated 73

Little Elbow, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history9
Debt-to-income ratio7
Collateral4
Credit application incomplete4
Unverifiable information3

Little Elbow, 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 - $100,000112 7515
$100,000 - $300,000118 7114
$300,000 - $500,0004 2550
$500,000 - $1,000,0001 1000

Little Elbow, 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 - $100,000183 6817
$100,000 - $300,00050 908
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Little Elbow, 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%1275 8
30 - 60%2286 9
60 - 100%3174 19
100 - 200%7978 11
200 - 300%5068 20
300 - 400%2171 9
> 400%2050 30

Little Elbow, 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 Dwelling169 6718
Not Owner-Occupied As A Principal Dwelling62 906
Not Applicable2 5050

Home Owner Property Type Statistics in Little Elbow, 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)206 7514
Manufactured Housing16 6831
One To Four-Family13 467
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