Top Mahnomen, MN Mortgage Lenders

RankMahnomen Mortgage LenderMahnomen Home Loans ProcessedMahnomen Home Loans ApprovedMahnomen Home Loans DeniedMahnomen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMahnomen Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,145 62%16%
  • 196%
  • (159,000 Loan / $81,000 Income)
  • 184%
  • (35,000 Loan / $19,000 Income)
2Citimortgage 262 76%10%
  • 273%
  • (123,000 / $45,000)
  • 253%
  • (162,000 / $64,000)
3Jpmorgan Chase Bank 239 83%13%
  • 267%
  • (179,000 / $67,000)
  • 277%
  • (100,000 / $36,000)
4Countrywide Bank Fsb 223 74%17%
  • 214%
  • (208,000 / $97,000)
  • 285%
  • (220,000 / $77,000)
5State Bank & Trust 184 77%13%
  • 103%
  • (169,000 / $164,000)
  • 210%
  • (166,000 / $79,000)
6Bank Of The West 184 80%12%
  • 112%
  • (27,000 / $24,000)
  • 79%
  • (73,000 / $92,000)
7Us Bank 165 65%18%
  • 227%
  • (66,000 / $29,000)
  • 278%
  • (153,000 / $55,000)
8Associated Bank 164 69%14%
  • 153%
  • (69,000 / $45,000)
  • 98%
  • (58,000 / $59,000)
9Beneficial Company Llc 133 9%78%
  • 214%
  • (161,000 / $75,000)
  • 219%
  • (182,000 / $83,000)
10Countrywide Home Loans 123 74%17%
  • 217%
  • (126,000 / $58,000)
  • 156%
  • (50,000 / $32,000)
11Bremer Bank Na (Fargo) 118 71%6%
  • 128%
  • (114,000 / $89,000)
  • 257%
  • (49,000 / $19,000)
12Mortgage Guaranty Insurance Co 116 68%9%
  • 230%
  • (60,000 / $26,000)
  • 248%
  • (112,000 / $45,000)
13Citifinancial Services Inc 112 31%45%
  • 165%
  • (109,000 / $66,000)
  • 116%
  • (29,000 / $25,000)
14Genworth Mortgage Insurance Co 107 55%0%
  • 220%
  • (185,000 / $84,000)
  • 267%
  • (230,000 / $86,000)
15Affinity Plus Federal Credit U 106 62%1%
  • 105%
  • (110,000 / $104,000)
  • 490%
  • (108,000 / $22,000)
16Bank Of America 103 62%21%
  • 187%
  • (120,000 / $64,000)
  • 217%
  • (198,000 / $91,000)
17Agstar Financial Services 97 63%7%
  • 200%
  • (110,000 / $55,000)
  • 275%
  • (190,000 / $69,000)
18Wells Fargo Funding 88 98%1%
  • 151%
  • (290,000 / $192,000)
  • 215%
  • (140,000 / $65,000)
19Citibank 86 67%27%
  • 64%
  • (115,000 / $178,000)
  • 92%
  • (35,000 / $38,000)
20Frandsen Bank & Trust 82 90%8%
  • 123%
  • (112,000 / $91,000)
  • 46%
  • (30,000 / $65,000)

Mahnomen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,912
  2. Loan Applications Denied: 1,323
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 4,367
  5. % of Loan Applications Originated 63

Mahnomen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Mahnomen, 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 - $100,0003,090 6021
$100,000 - $300,0003,437 6317
$300,000 - $500,000359 7011
$500,000 - $1,000,00019 5226
$1,000,000 - $1,500,0007 4242

Mahnomen, 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 - $100,0005,596 6020
$100,000 - $300,0001,141 6913
$300,000 - $500,00088 7410
$500,000 - $1,000,00077 6915
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0004 1000
> $2,000,0004 750

Loan to Income Ratios Research for Mortgage in Mahnomen, 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%42165 21
30 - 60%55765 19
60 - 100%70365 18
100 - 200%1,98364 16
200 - 300%1,66063 17
300 - 400%94761 19
> 400%64149 29

Mahnomen, 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 Dwelling6,013 6120
Not Owner-Occupied As A Principal Dwelling856 7512
Not Applicable6 1666

Home Owner Property Type Statistics in Mahnomen, 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)6,235 6319
One To Four-Family424 704
Manufactured Housing253 5035
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