Top Lura, MN Mortgage Lenders

RankLura Mortgage LenderLura Home Loans ProcessedLura Home Loans ApprovedLura Home Loans DeniedLura Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLura Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 151 59%17%
  • 181%
  • (116,000 Loan / $64,000 Income)
  • 238%
  • (155,000 Loan / $65,000 Income)
2Agstar Financial Services 77 67%9%
  • 170%
  • (102,000 / $60,000)
  • 259%
  • (70,000 / $27,000)
3Wells Federal Bank 48 58%22%
  • 153%
  • (40,000 / $26,000)
  • 256%
  • (100,000 / $39,000)
4Mortgage Guaranty Insurance Co 22 68%4%
  • 210%
  • (168,000 / $80,000)
  • 222%
  • (69,000 / $31,000)
5Wells Fargo Fin'l Minnesota 21 47%52%
  • 259%
  • (122,000 / $47,000)
  • 232%
  • (100,000 / $43,000)
6Citifinancial Services Inc 16 56%31%
  • 230%
  • (120,000 / $52,000)
  • 220%
  • (121,000 / $55,000)
7Embrace Home Loans, 14 7%64%
  • 209%
  • (65,000 / $31,000)
  • 352%
  • (180,000 / $51,000)
8Countrywide Bank Fsb 14 78%21%
  • 230%
  • (92,000 / $40,000)
  • 217%
  • (122,000 / $56,000)
9Us Bank 13 84%15%
  • 120%
  • (48,000 / $40,000)
  • 295%
  • (201,000 / $68,000)
10Citimortgage 13 69%7%
  • 355%
  • (206,000 / $58,000)
  • 120%
  • (113,000 / $94,000)
11Beneficial Company Llc 12 0%100% 0
  • 216%
  • (65,000 / $30,000)
12Wells Fargo Funding 11 100%0%
  • 147%
  • (112,000 / $76,000)
0
13Gmac Mortgage Llc 11 0%81% 0
  • 250%
  • (100,000 / $40,000)
14Pioneer Bank 10 80%10%
  • 35%
  • (21,000 / $59,000)
  • 13%
  • (8,000 / $58,000)
15Hfc Company Llc 10 0%100% 0
  • 177%
  • (48,000 / $27,000)
16Genworth Mortgage Insurance Co 10 70%0%
  • 157%
  • (104,000 / $66,000)
0
17Equifirst Corporation 10 10%20%
  • 353%
  • (106,000 / $30,000)
  • 303%
  • (82,000 / $27,000)
18Radian Guaranty 9 77%0%
  • 175%
  • (86,000 / $49,000)
0
19Jpmorgan Chase Bank 9 77%22%
  • 161%
  • (71,000 / $44,000)
  • 173%
  • (113,000 / $65,000)
20Community Bank Mankato 9 100%0%
  • 133%
  • (40,000 / $30,000)
0

Lura, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 743
  2. Loan Applications Denied: 178
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 421
  5. % of Loan Applications Originated 56

Lura, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Collateral11
Debt-to-income ratio9
Mortgage insurance denied1
Unverifiable information1

Lura, 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 - $100,000457 5425
$100,000 - $300,000273 5920
$300,000 - $500,00013 3838

Lura, 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 - $100,000671 5424
$100,000 - $300,00063 6315
$300,000 - $500,0005 1000
$500,000 - $1,000,0003 6633
$1,000,000 - $1,500,0001 0100

Loan to Income Ratios Research for Mortgage in Lura, 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%3144 41
30 - 60%4269 19
60 - 100%7457 21
100 - 200%24760 17
200 - 300%19556 24
300 - 400%10151 30
> 400%5339 35

Lura, 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 Dwelling696 5623
Not Owner-Occupied As A Principal Dwelling44 6127
Not Applicable1 0100

Home Owner Property Type Statistics in Lura, 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)684 5525
One To Four-Family54 701
Manufactured Housing5 1000
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