Top Marshan, MN Mortgage Lenders

RankMarshan Mortgage LenderMarshan Home Loans ProcessedMarshan Home Loans ApprovedMarshan Home Loans DeniedMarshan Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMarshan Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,908 67%13%
  • 218%
  • (208,000 Loan / $95,000 Income)
  • 217%
  • (174,000 Loan / $80,000 Income)
2Us Bank 425 81%11%
  • 250%
  • (168,000 / $67,000)
  • 237%
  • (354,000 / $149,000)
3Vermillion State Bank 398 82%6%
  • 160%
  • (417,000 / $260,000)
  • 284%
  • (233,000 / $82,000)
4Jpmorgan Chase Bank 328 83%13%
  • 208%
  • (332,000 / $159,000)
  • 230%
  • (120,000 / $52,000)
5Citimortgage 271 80%7%
  • 208%
  • (144,000 / $69,000)
  • 298%
  • (197,000 / $66,000)
6Merchants Bank 261 77%10%
  • 209%
  • (270,000 / $129,000)
  • 317%
  • (178,000 / $56,000)
7Affinity Plus Federal Credit U 245 66%2%
  • 141%
  • (154,000 / $109,000)
  • 261%
  • (188,000 / $72,000)
8Countrywide Bank Fsb 221 76%13%
  • 265%
  • (93,000 / $35,000)
  • 305%
  • (211,000 / $69,000)
9Bank Of America 194 74%17%
  • 240%
  • (180,000 / $75,000)
  • 301%
  • (238,000 / $79,000)
10Countrywide Home Loans 154 86%5%
  • 254%
  • (173,000 / $68,000)
  • 252%
  • (139,000 / $55,000)
11Wells Fargo Funding 147 98%0%
  • 242%
  • (148,000 / $61,000)
  • 1266%
  • (114,000 / $9,000)
12Citibank 147 74%10%
  • 169%
  • (163,000 / $96,000)
  • 100%
  • (50,000 / $50,000)
13Tcf National Bank 129 25%52%
  • 250%
  • (100,000 / $40,000)
  • 255%
  • (306,000 / $120,000)
14Bell America Mortgage Llc Dba 109 67%0%
  • 308%
  • (176,000 / $57,000)
0
15Mortgage Guaranty Insurance Co 98 74%9%
  • 306%
  • (190,000 / $62,000)
  • 372%
  • (413,000 / $111,000)
16United Guaranty Corporation 97 80%5%
  • 280%
  • (84,000 / $30,000)
  • 353%
  • (318,000 / $90,000)
17State Bank & Trust 93 78%9%
  • 261%
  • (94,000 / $36,000)
  • 257%
  • (252,000 / $98,000)
18Us Bank North Dakota 87 33%42%
  • 194%
  • (115,000 / $59,000)
  • 114%
  • (144,000 / $126,000)
19The Business Bank 87 90%5%
  • 230%
  • (182,000 / $79,000)
  • 286%
  • (307,000 / $107,000)
20Marketplace Home Mortgage Llc 84 82%4%
  • 244%
  • (244,000 / $100,000)
  • 376%
  • (222,000 / $59,000)

Marshan, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,833
  2. Loan Applications Denied: 1,364
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 5,939
  5. % of Loan Applications Originated 67

Marshan, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio10
Credit history8
Credit application incomplete3
Unverifiable information1

Marshan, 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 - $100,0001,725 6517
$100,000 - $300,0006,128 6913
$300,000 - $500,000929 5420
$500,000 - $1,000,00043 3144
$1,000,000 - $1,500,0007 2828
$1,500,000 - $2,000,0001 1000

Marshan, 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 - $100,0006,248 6616
$100,000 - $300,0002,506 6813
$300,000 - $500,00048 5620
$500,000 - $1,000,00024 6216
$1,000,000 - $1,500,0005 2040
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Marshan, 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%30763 24
30 - 60%45661 18
60 - 100%58769 12
100 - 200%2,03971 11
200 - 300%2,63569 13
300 - 400%1,61965 14
> 400%1,19055 23

Marshan, 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 Dwelling8,547 6715
Not Owner-Occupied As A Principal Dwelling276 6715
Not Applicable5 800

Home Owner Property Type Statistics in Marshan, 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)8,223 6715
One To Four-Family452 774
Manufactured Housing158 2846
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