Top Makinen, MN Mortgage Lenders

RankMakinen Mortgage LenderMakinen Home Loans ProcessedMakinen Home Loans ApprovedMakinen Home Loans DeniedMakinen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMakinen Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 144 64%15%
  • 145%
  • (160,000 Loan / $110,000 Income)
  • 250%
  • (95,000 Loan / $38,000 Income)
2Us Bank 49 69%16%
  • 195%
  • (119,000 / $61,000)
  • 185%
  • (65,000 / $35,000)
3American Bank Of The North 38 81%15%
  • 115%
  • (46,000 / $40,000)
  • 86%
  • (105,000 / $121,000)
4Us Bk Na Nd 32 53%37%
  • 118%
  • (163,000 / $138,000)
  • 154%
  • (187,000 / $121,000)
5North Shore Bank Of Commerce 32 87%3%
  • 146%
  • (114,000 / $78,000)
  • 350%
  • (739,000 / $211,000)
6Us Bank North Dakota 25 48%36%
  • 130%
  • (150,000 / $115,000)
  • 283%
  • (68,000 / $24,000)
7Jpmorgan Chase Bank 19 78%21%
  • 196%
  • (118,000 / $60,000)
  • 276%
  • (47,000 / $17,000)
8National Bank Of Commerce 18 61%27%
  • 90%
  • (243,000 / $270,000)
  • 94%
  • (80,000 / $85,000)
9Phh Mortgage Corporation 17 88%0%
  • 212%
  • (198,000 / $93,000)
0
10Bank Of America 15 80%0%
  • 404%
  • (190,000 / $47,000)
0
11Members Cooperative Credit Uni 14 57%21%
  • 138%
  • (50,000 / $36,000)
  • 121%
  • (113,000 / $93,000)
12Northview Bank 13 15%46%
  • 209%
  • (218,000 / $104,000)
  • 125%
  • (110,000 / $88,000)
13Frandsen Bank & Trust 13 76%23%
  • 147%
  • (53,000 / $36,000)
  • 118%
  • (213,000 / $180,000)
14Affinity Plus Federal Credit U 12 66%0%
  • 177%
  • (78,000 / $44,000)
0
15Quicken Loans 10 70%30%
  • 245%
  • (167,000 / $68,000)
  • 267%
  • (270,000 / $101,000)
16Hiway Federal Credit Union 9 100%0%
  • 117%
  • (47,000 / $40,000)
0
17Pnc Bank N.A. 8 50%37%
  • 200%
  • (249,000 / $124,000)
  • 224%
  • (137,000 / $61,000)
18Mortgage Research Center 8 37%12%
  • 288%
  • (228,000 / $79,000)
  • 287%
  • (112,000 / $39,000)
19Citimortgage 8 37%50% 0
  • 331%
  • (222,000 / $67,000)
20Agstar Financial Services 7 14%42%
  • 459%
  • (340,000 / $74,000)
  • 448%
  • (350,000 / $78,000)

Makinen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 669
  2. Loan Applications Denied: 119
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 439
  5. % of Loan Applications Originated 65

Makinen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio19
Credit history19
Collateral17
Unverifiable information4
Credit application incomplete4

Makinen, 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 - $100,000230 6521
$100,000 - $300,000413 6614
$300,000 - $500,00023 3934
$500,000 - $1,000,0001 0100
$1,000,000 - $1,500,0002 00

Makinen, 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 - $100,000472 6119
$100,000 - $300,000188 7213
$300,000 - $500,0004 750
$500,000 - $1,000,0005 800

Loan to Income Ratios Research for Mortgage in Makinen, 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%2560 24
30 - 60%5669 14
60 - 100%7774 15
100 - 200%24572 13
200 - 300%14858 18
300 - 400%7748 23
> 400%4152 34

Makinen, 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 Dwelling507 6417
Not Owner-Occupied As A Principal Dwelling161 6818

Home Owner Property Type Statistics in Makinen, 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)615 6417
Manufactured Housing42 6923
One To Four-Family12 910
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