Top Mcdougald, MN Mortgage Lenders

RankMcdougald Mortgage LenderMcdougald Home Loans ProcessedMcdougald Home Loans ApprovedMcdougald Home Loans DeniedMcdougald Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMcdougald Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 45 53%26%
  • 168%
  • (326,000 Loan / $194,000 Income)
  • 161%
  • (105,000 Loan / $65,000 Income)
2Merchants Bank 22 95%4%
  • 154%
  • (139,000 / $90,000)
  • 240%
  • (171,000 / $71,000)
3Us Bank 12 58%41%
  • 264%
  • (204,000 / $77,000)
  • 280%
  • (348,000 / $124,000)
4Countrywide Bank Fsb 8 75%25%
  • 547%
  • (197,000 / $36,000)
  • 317%
  • (276,000 / $87,000)
5Alerus Financial 7 100%0%
  • 131%
  • (164,000 / $125,000)
0
6Hfc Company Llc 6 16%50%
  • 171%
  • (55,000 / $32,000)
  • 171%
  • (55,000 / $32,000)
7Jpmorgan Chase Bank 5 80%0%
  • 256%
  • (182,000 / $71,000)
0
8American Federal Bank 4 25%25%
  • 68%
  • (80,000 / $117,000)
  • 128%
  • (116,000 / $90,000)
9Wells Fargo Fin'l Minnesota 3 0%33% 0
  • 157%
  • (77,000 / $49,000)
10Gmac Mortgage Llc 3 0%33% 0
  • 150%
  • (36,000 / $24,000)
11Embrace Home Loans, 3 0%33% 0
  • 286%
  • (206,000 / $72,000)
12E-Loan Inc 3 0%66% 0
  • 410%
  • (230,000 / $56,000)
13Bank Of America 3 66%33%
  • 670%
  • (201,000 / $30,000)
  • 274%
  • (239,000 / $87,000)
14Think Mutual Bank 2 50%0%
  • 74%
  • (65,000 / $87,000)
0
15Priceline Mortgage Company Llc 2 50%50%
  • 224%
  • (260,000 / $116,000)
  • 215%
  • (250,000 / $116,000)
16Metlife Bank 2 50%50%
  • 96%
  • (84,000 / $87,000)
  • 165%
  • (43,000 / $26,000)
17Hiway Federal Credit Union 2 50%0%
  • 150%
  • (99,000 / $66,000)
0
18Countrywide Home Loans 2 100%0%
  • 187%
  • (75,000 / $40,000)
0
19Citimortgage 2 100%0% 0 0
20Citibank 2 100%0% 0 0

Mcdougald, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 170
  2. Loan Applications Denied: 40
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 100
  5. % of Loan Applications Originated 58

Mcdougald, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral37
Credit history27
Debt-to-income ratio21
Credit application incomplete5

Mcdougald, 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 - $100,00083 4727
$100,000 - $300,00079 6817
$300,000 - $500,0008 6237

Mcdougald, 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 - $100,000133 5327
$100,000 - $300,00036 7711
$300,000 - $500,0001 1000

Loan to Income Ratios Research for Mortgage in Mcdougald, 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%742 28
30 - 60%742 0
60 - 100%2075 15
100 - 200%6960 20
200 - 300%3868 26
300 - 400%1833 38
> 400%1145 36

Mcdougald, 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 Dwelling140 5525
Not Owner-Occupied As A Principal Dwelling30 7313

Home Owner Property Type Statistics in Mcdougald, 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)157 6121
Manufactured Housing13 3046
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