Top Luverne, MN Mortgage Lenders

RankLuverne Mortgage LenderLuverne Home Loans ProcessedLuverne Home Loans ApprovedLuverne Home Loans DeniedLuverne Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLuverne Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 3,817 61%16%
  • 207%
  • (83,000 Loan / $40,000 Income)
  • 203%
  • (132,000 Loan / $65,000 Income)
2Countrywide Bank Fsb 838 70%18%
  • 200%
  • (62,000 / $31,000)
  • 265%
  • (117,000 / $44,000)
3Affinity Plus Federal Credit U 806 64%6%
  • 112%
  • (53,000 / $47,000)
  • 241%
  • (75,000 / $31,000)
4Citimortgage 743 75%9%
  • 225%
  • (158,000 / $70,000)
  • 309%
  • (161,000 / $52,000)
5Jpmorgan Chase Bank 675 78%17%
  • 236%
  • (239,000 / $101,000)
  • 198%
  • (133,000 / $67,000)
6Us Bank 571 77%12%
  • 223%
  • (172,000 / $77,000)
  • 241%
  • (326,000 / $135,000)
7Genworth Mortgage Insurance Co 514 62%1%
  • 247%
  • (193,000 / $78,000)
  • 275%
  • (124,000 / $45,000)
8Mortgage Guaranty Insurance Co 513 71%6%
  • 246%
  • (79,000 / $32,000)
  • 220%
  • (161,000 / $73,000)
9Countrywide Home Loans 504 81%13%
  • 253%
  • (152,000 / $60,000)
  • 250%
  • (105,000 / $42,000)
10Beneficial Company Llc 464 6%75%
  • 107%
  • (107,000 / $100,000)
  • 219%
  • (158,000 / $72,000)
11Bank Of America 438 74%15%
  • 202%
  • (227,000 / $112,000)
  • 255%
  • (248,000 / $97,000)
12United Guaranty Corporation 332 79%4%
  • 257%
  • (332,000 / $129,000)
  • 248%
  • (122,000 / $49,000)
13Us Bank North Dakota 313 31%43%
  • 95%
  • (100,000 / $105,000)
  • 128%
  • (77,000 / $60,000)
14Wells Fargo Funding 308 99%0%
  • 211%
  • (152,000 / $72,000)
  • 228%
  • (174,000 / $76,000)
15Wells Fargo Fin'l Minnesota 305 17%55%
  • 240%
  • (137,000 / $57,000)
  • 194%
  • (130,000 / $67,000)
16Citifinancial Services Inc 282 32%41%
  • 183%
  • (33,000 / $18,000)
  • 184%
  • (116,000 / $63,000)
17Citibank 278 78%16%
  • 61%
  • (75,000 / $121,000)
  • 83%
  • (26,000 / $31,000)
18Agstar Financial Services 228 61%11%
  • 231%
  • (199,000 / $86,000)
  • 261%
  • (136,000 / $52,000)
19Woodlands National Bank 225 40%34%
  • 178%
  • (75,000 / $42,000)
  • 237%
  • (57,000 / $24,000)
20Embrace Home Loans, 222 10%44%
  • 209%
  • (111,000 / $53,000)
  • 291%
  • (102,000 / $35,000)

Luverne, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 22,479
  2. Loan Applications Denied: 4,206
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 13,980
  5. % of Loan Applications Originated 62

Luverne, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history9
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Luverne, 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 - $100,0008,263 5920
$100,000 - $300,00012,811 6217
$300,000 - $500,0001,288 5620
$500,000 - $1,000,000114 4928
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0001 1000

Luverne, 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 - $100,00018,463 6019
$100,000 - $300,0003,700 6615
$300,000 - $500,000199 6617
$500,000 - $1,000,00092 6911
$1,000,000 - $1,500,00015 6013
$1,500,000 - $2,000,0004 1000
> $2,000,0006 8216

Loan to Income Ratios Research for Mortgage in Luverne, 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%97263 20
30 - 60%1,45061 21
60 - 100%1,88260 19
100 - 200%6,05264 16
200 - 300%6,14363 16
300 - 400%3,58862 18
> 400%2,39250 27

Luverne, 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 Dwelling20,450 6119
Not Owner-Occupied As A Principal Dwelling1,852 7214
Not Applicable42 5919

Home Owner Property Type Statistics in Luverne, 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)19,825 6119
One To Four-Family2,063 743
Manufactured Housing591 5034
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