Top Loretto, MN Mortgage Lenders

RankLoretto Mortgage LenderLoretto Home Loans ProcessedLoretto Home Loans ApprovedLoretto Home Loans DeniedLoretto Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLoretto Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 598 76%7%
  • 200%
  • (1,000,000 Loan / $500,000 Income)
  • 217%
  • (274,000 Loan / $126,000 Income)
2Us Bank 138 78%10%
  • 196%
  • (648,000 / $330,000)
  • 249%
  • (1,803,000 / $722,000)
3Jpmorgan Chase Bank 135 92%5%
  • 178%
  • (164,000 / $92,000)
  • 293%
  • (214,000 / $73,000)
4Citimortgage 78 76%11%
  • 218%
  • (210,000 / $96,000)
  • 335%
  • (409,000 / $122,000)
5Bank Of America 77 66%10%
  • 153%
  • (490,000 / $320,000)
  • 297%
  • (250,000 / $84,000)
6Citibank 59 61%16%
  • 216%
  • (242,000 / $112,000)
  • 195%
  • (125,000 / $64,000)
7The Business Bank 57 96%3%
  • 217%
  • (400,000 / $184,000)
  • 173%
  • (170,000 / $98,000)
8Wells Fargo Funding 53 96%1%
  • 154%
  • (147,000 / $95,000)
  • 585%
  • (240,000 / $41,000)
9Countrywide Bank Fsb 50 84%6%
  • 262%
  • (803,000 / $306,000)
  • 375%
  • (274,000 / $73,000)
10Phh Home Loans 39 92%2%
  • 250%
  • (266,000 / $106,000)
  • 345%
  • (197,000 / $57,000)
11Countrywide Home Loans 37 78%13%
  • 243%
  • (496,000 / $204,000)
  • 256%
  • (984,000 / $384,000)
12Bell America Mortgage Llc Dba 36 75%0%
  • 226%
  • (179,000 / $79,000)
0
13Ing Bank, Fsb 34 64%17%
  • 300%
  • (450,000 / $150,000)
  • 272%
  • (685,000 / $251,000)
14Alerus Financial 34 94%0%
  • 204%
  • (417,000 / $204,000)
0
15Universal American Mtg. Co.Llc 30 86%6%
  • 239%
  • (404,000 / $169,000)
  • 452%
  • (407,000 / $90,000)
16Summit Mortgage Corporation 28 96%0%
  • 222%
  • (410,000 / $184,000)
0
17Us Bk Na Nd 27 59%29%
  • 151%
  • (150,000 / $99,000)
  • 227%
  • (223,000 / $98,000)
18Us Bank North Dakota 27 33%51%
  • 257%
  • (792,000 / $308,000)
  • 322%
  • (565,000 / $175,000)
19Tcf National Bank 26 19%57%
  • 290%
  • (609,000 / $210,000)
  • 366%
  • (205,000 / $56,000)
20State Bank & Trust 23 91%4%
  • 185%
  • (417,000 / $225,000)
  • 296%
  • (178,000 / $60,000)

Loretto, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,494
  2. Loan Applications Denied: 291
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 1,833
  5. % of Loan Applications Originated 73

Loretto, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral20
Debt-to-income ratio16
Credit history5
Credit application incomplete4
Unverifiable information3

Loretto, 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 - $100,000201 5625
$100,000 - $300,0001,042 7311
$300,000 - $500,000844 795
$500,000 - $1,000,000324 6617
$1,000,000 - $1,500,00054 719
$1,500,000 - $2,000,00016 4331
> $2,000,00013 4638

Loretto, 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 - $100,000770 6816
$100,000 - $300,0001,289 7510
$300,000 - $500,000264 727
$500,000 - $1,000,000127 788
$1,000,000 - $1,500,00027 6914
$1,500,000 - $2,000,0003 1000
> $2,000,00014 5021

Loan to Income Ratios Research for Mortgage in Loretto, 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%6754 20
30 - 60%12373 10
60 - 100%22067 14
100 - 200%69879 8
200 - 300%76075 8
300 - 400%37367 15
> 400%25364 20

Loretto, 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 Dwelling2,426 7311
Not Owner-Occupied As A Principal Dwelling67 5523
Not Applicable1 1000

Home Owner Property Type Statistics in Loretto, 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)2,434 7311
One To Four-Family56 823
Manufactured Housing4 050
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