Top Motley, MN Mortgage Lenders

RankMotley Mortgage LenderMotley Home Loans ProcessedMotley Home Loans ApprovedMotley Home Loans DeniedMotley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMotley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,202 61%18%
  • 187%
  • (60,000 Loan / $32,000 Income)
  • 198%
  • (151,000 Loan / $76,000 Income)
2Jpmorgan Chase Bank 354 81%14%
  • 219%
  • (213,000 / $97,000)
  • 216%
  • (216,000 / $100,000)
3Citimortgage 328 84%7%
  • 235%
  • (200,000 / $85,000)
  • 218%
  • (105,000 / $48,000)
4Countrywide Bank Fsb 324 66%19%
  • 217%
  • (204,000 / $94,000)
  • 255%
  • (125,000 / $49,000)
5Us Bank 313 77%14%
  • 213%
  • (639,000 / $300,000)
  • 227%
  • (164,000 / $72,000)
6Affinity Plus Federal Credit U 301 63%9%
  • 128%
  • (141,000 / $110,000)
  • 222%
  • (100,000 / $45,000)
7Beneficial Company Llc 186 6%82%
  • 165%
  • (116,000 / $70,000)
  • 238%
  • (62,000 / $26,000)
8Countrywide Home Loans 180 80%13%
  • 229%
  • (248,000 / $108,000)
  • 239%
  • (98,000 / $41,000)
9Bank Of America 165 70%19%
  • 251%
  • (397,000 / $158,000)
  • 290%
  • (64,000 / $22,000)
10Mortgage Guaranty Insurance Co 135 75%8%
  • 245%
  • (150,000 / $61,000)
  • 220%
  • (159,000 / $72,000)
11Us Bank North Dakota 134 27%50%
  • 123%
  • (80,000 / $65,000)
  • 159%
  • (51,000 / $32,000)
12Genworth Mortgage Insurance Co 126 47%5%
  • 206%
  • (149,000 / $72,000)
  • 303%
  • (167,000 / $55,000)
13Agstar Financial Services 113 53%7%
  • 192%
  • (225,000 / $117,000)
  • 257%
  • (355,000 / $138,000)
14Wells Fargo Funding 104 98%1%
  • 211%
  • (199,000 / $94,000)
  • 380%
  • (171,000 / $45,000)
15Citibank 94 76%12%
  • 75%
  • (58,000 / $77,000)
  • 62%
  • (47,000 / $75,000)
16Citifinancial Services Inc 89 35%44%
  • 175%
  • (28,000 / $16,000)
  • 139%
  • (53,000 / $38,000)
17Phh Mortgage Corporation 88 69%6%
  • 252%
  • (129,000 / $51,000)
  • 288%
  • (170,000 / $59,000)
18Gmac Mortgage Llc 88 11%50%
  • 286%
  • (86,000 / $30,000)
  • 312%
  • (75,000 / $24,000)
19Kleinbank 85 57%10%
  • 85%
  • (18,000 / $21,000)
  • 135%
  • (65,000 / $48,000)
20Unity Bank 82 84%10%
  • 180%
  • (195,000 / $108,000)
  • 285%
  • (100,000 / $35,000)

Motley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,412
  2. Loan Applications Denied: 1,648
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 5,272
  5. % of Loan Applications Originated 62

Motley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Motley, 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 - $100,0002,974 5821
$100,000 - $300,0004,698 6218
$300,000 - $500,000622 7014
$500,000 - $1,000,000100 6019
$1,000,000 - $1,500,00016 4343
$1,500,000 - $2,000,0002 1000

Motley, 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 - $100,0006,502 5921
$100,000 - $300,0001,612 7113
$300,000 - $500,000195 7910
$500,000 - $1,000,00078 6914
$1,000,000 - $1,500,00021 8014
$1,500,000 - $2,000,0004 1000

Loan to Income Ratios Research for Mortgage in Motley, 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%34662 21
30 - 60%52864 18
60 - 100%83266 18
100 - 200%2,31467 15
200 - 300%2,22461 18
300 - 400%1,24757 22
> 400%92151 29

Motley, 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 Dwelling6,829 5921
Not Owner-Occupied As A Principal Dwelling1,499 7413
Not Applicable25 6020

Home Owner Property Type Statistics in Motley, 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)7,557 6220
One To Four-Family513 684
Manufactured Housing342 5032
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