Top Lowell, MN Mortgage Lenders

RankLowell Mortgage LenderLowell Home Loans ProcessedLowell Home Loans ApprovedLowell Home Loans DeniedLowell Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLowell Mortgage Median LTR for Denied Loans
1Bremer Bank Na (Grand Forks) 740 87%2%
  • 142%
  • (118,000 Loan / $83,000 Income)
  • 76%
  • (26,000 Loan / $34,000 Income)
2American Federal Bank 305 82%12%
  • 114%
  • (87,000 / $76,000)
  • 164%
  • (23,000 / $14,000)
3Wells Fargo Bank 214 58%26%
  • 184%
  • (120,000 / $65,000)
  • 144%
  • (39,000 / $27,000)
4Jpmorgan Chase Bank 193 88%10%
  • 170%
  • (99,000 / $58,000)
  • 232%
  • (130,000 / $56,000)
5Crookston National Bank 164 85%9%
  • 126%
  • (24,000 / $19,000)
  • 117%
  • (20,000 / $17,000)
6Citimortgage 133 91%4%
  • 149%
  • (139,000 / $93,000)
  • 193%
  • (60,000 / $31,000)
7Mortgage Guaranty Insurance Co 92 83%5%
  • 182%
  • (162,000 / $89,000)
  • 182%
  • (157,000 / $86,000)
8Alerus Financial 87 89%4%
  • 127%
  • (210,000 / $165,000)
  • 52%
  • (80,000 / $152,000)
9Gate City Bank 71 69%9%
  • 144%
  • (55,000 / $38,000)
  • 52%
  • (30,000 / $57,000)
10Community Bank Of The Rrv 68 85%14%
  • 133%
  • (107,000 / $80,000)
  • 280%
  • (56,000 / $20,000)
11Us Bank 62 70%17%
  • 179%
  • (231,000 / $129,000)
  • 183%
  • (55,000 / $30,000)
12Frandsen Bank & Trust 59 79%11%
  • 165%
  • (225,000 / $136,000)
  • 166%
  • (98,000 / $59,000)
13Embrace Home Loans, 58 5%51%
  • 158%
  • (62,000 / $39,000)
  • 220%
  • (75,000 / $34,000)
14Genworth Mortgage Insurance Co 50 64%6%
  • 170%
  • (75,000 / $44,000)
  • 208%
  • (73,000 / $35,000)
15Countrywide Bank Fsb 50 74%14%
  • 198%
  • (101,000 / $51,000)
  • 200%
  • (106,000 / $53,000)
16Citibank 46 84%4%
  • 93%
  • (72,000 / $77,000)
  • 125%
  • (80,000 / $64,000)
17Bank Of America 46 67%13%
  • 205%
  • (144,000 / $70,000)
  • 384%
  • (73,000 / $19,000)
18Citifinancial Services Inc 44 40%36%
  • 96%
  • (27,000 / $28,000)
  • 131%
  • (42,000 / $32,000)
19United Guaranty Corporation 42 83%2%
  • 211%
  • (114,000 / $54,000)
  • 100%
  • (113,000 / $112,000)
20Unity Bank North 38 92%7%
  • 85%
  • (61,000 / $71,000)
  • 254%
  • (84,000 / $33,000)

Lowell, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,249
  2. Loan Applications Denied: 439
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,398
  5. % of Loan Applications Originated 73

Lowell, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral8
Debt-to-income ratio6
Credit application incomplete3
Unverifiable information1

Lowell, 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 - $100,0002,041 7215
$100,000 - $300,0001,187 749
$300,000 - $500,00020 5035
$500,000 - $1,000,0001 1000

Lowell, 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 - $100,0002,843 7214
$100,000 - $300,000385 807
$300,000 - $500,00016 936
$500,000 - $1,000,0005 800

Loan to Income Ratios Research for Mortgage in Lowell, 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%22780 10
30 - 60%31371 18
60 - 100%36675 12
100 - 200%1,24174 11
200 - 300%74772 12
300 - 400%25665 17
> 400%9956 26

Lowell, 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 Dwelling3,156 7313
Not Owner-Occupied As A Principal Dwelling89 7612
Not Applicable3 6633

Home Owner Property Type Statistics in Lowell, 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)3,008 7314
One To Four-Family201 774
Manufactured Housing40 7215
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