Top Morrill, MN Mortgage Lenders

RankMorrill Mortgage LenderMorrill Home Loans ProcessedMorrill Home Loans ApprovedMorrill Home Loans DeniedMorrill Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMorrill Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 98 51%20%
  • 185%
  • (89,000 Loan / $48,000 Income)
  • 96%
  • (217,000 Loan / $225,000 Income)
2Farmers & Merchants State Bank 60 88%8%
  • 146%
  • (72,000 / $49,000)
  • 144%
  • (100,000 / $69,000)
3Unity Bank 57 77%17%
  • 171%
  • (225,000 / $131,000)
  • 412%
  • (132,000 / $32,000)
4Jpmorgan Chase Bank 40 80%17%
  • 227%
  • (157,000 / $69,000)
  • 318%
  • (252,000 / $79,000)
5Countrywide Bank Fsb 37 67%21%
  • 243%
  • (151,000 / $62,000)
  • 360%
  • (288,000 / $80,000)
6Us Bank 31 80%16%
  • 251%
  • (118,000 / $47,000)
  • 318%
  • (137,000 / $43,000)
7Liberty Savings Bank Fsb 26 88%7%
  • 216%
  • (91,000 / $42,000)
  • 1294%
  • (220,000 / $17,000)
8Bell America Mortgage Llc Dba 25 68%0%
  • 330%
  • (86,000 / $26,000)
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9Frandsen Bank & Trust 24 75%20%
  • 169%
  • (61,000 / $36,000)
  • 258%
  • (106,000 / $41,000)
10Agstar Financial Services 23 69%4%
  • 169%
  • (100,000 / $59,000)
  • 333%
  • (100,000 / $30,000)
11Embrace Home Loans, 22 0%59% 0
  • 366%
  • (238,000 / $65,000)
12Citimortgage 22 68%22%
  • 200%
  • (102,000 / $51,000)
  • 242%
  • (189,000 / $78,000)
13Bremer Bank Na (St Cloud) 22 86%4%
  • 128%
  • (41,000 / $32,000)
  • 156%
  • (25,000 / $16,000)
14Countrywide Home Loans 19 73%21%
  • 155%
  • (280,000 / $180,000)
  • 326%
  • (111,000 / $34,000)
15Us Bk Na Nd 18 55%33%
  • 176%
  • (90,000 / $51,000)
  • 119%
  • (50,000 / $42,000)
16Bank Of America 18 61%22%
  • 288%
  • (121,000 / $42,000)
  • 307%
  • (86,000 / $28,000)
17Citibank 15 80%20%
  • 239%
  • (103,000 / $43,000)
  • 50%
  • (23,000 / $46,000)
18Beneficial Company Llc 15 0%80% 0
  • 277%
  • (147,000 / $53,000)
19Us Bank North Dakota 13 46%30%
  • 175%
  • (95,000 / $54,000)
  • 283%
  • (156,000 / $55,000)
20Taylor, Bean & Whitaker 13 100%0%
  • 323%
  • (149,000 / $46,000)
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Morrill, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 932
  2. Loan Applications Denied: 195
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 596
  5. % of Loan Applications Originated 63

Morrill, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history12
Debt-to-income ratio11
Credit application incomplete3
Unverifiable information1

Morrill, 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 - $100,000365 6620
$100,000 - $300,000546 6220
$300,000 - $500,00019 3642
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Morrill, 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 - $100,000824 6321
$100,000 - $300,00099 6719
$300,000 - $500,0004 750
$500,000 - $1,000,0005 8020

Loan to Income Ratios Research for Mortgage in Morrill, 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%2981 13
30 - 60%6465 18
60 - 100%6361 28
100 - 200%25267 19
200 - 300%24863 17
300 - 400%15363 18
> 400%12349 32

Morrill, 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 Dwelling886 6321
Not Owner-Occupied As A Principal Dwelling41 7817
Not Applicable5 8020

Home Owner Property Type Statistics in Morrill, 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)840 6321
Manufactured Housing50 6222
One To Four-Family42 712
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