Top Nashwauk, MN Mortgage Lenders

RankNashwauk Mortgage LenderNashwauk Home Loans ProcessedNashwauk Home Loans ApprovedNashwauk Home Loans DeniedNashwauk Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNashwauk Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 633 64%8%
  • 127%
  • (47,000 Loan / $37,000 Income)
  • 243%
  • (90,000 Loan / $37,000 Income)
2Wells Fargo Bank 475 61%17%
  • 177%
  • (85,000 / $48,000)
  • 151%
  • (85,000 / $56,000)
3American Bank Of The North 391 79%14%
  • 125%
  • (30,000 / $24,000)
  • 150%
  • (15,000 / $10,000)
4Countrywide Bank Fsb 110 80%11%
  • 228%
  • (64,000 / $28,000)
  • 219%
  • (92,000 / $42,000)
5Us Bank 108 75%17%
  • 213%
  • (124,000 / $58,000)
  • 196%
  • (116,000 / $59,000)
6Us Bank North Dakota 106 41%39%
  • 126%
  • (120,000 / $95,000)
  • 221%
  • (91,000 / $41,000)
7Jpmorgan Chase Bank 96 80%16%
  • 274%
  • (74,000 / $27,000)
  • 210%
  • (116,000 / $55,000)
8Citimortgage 79 73%11%
  • 232%
  • (93,000 / $40,000)
  • 180%
  • (83,000 / $46,000)
9Citifinancial Services Inc 78 38%37%
  • 223%
  • (87,000 / $39,000)
  • 178%
  • (34,000 / $19,000)
10Countrywide Home Loans 65 75%20%
  • 197%
  • (93,000 / $47,000)
  • 122%
  • (126,000 / $103,000)
11Freedom Mortgage Corp. 53 73%7%
  • 238%
  • (124,000 / $52,000)
  • 308%
  • (74,000 / $24,000)
12Phh Mortgage Corporation 48 70%8%
  • 165%
  • (76,000 / $46,000)
  • 320%
  • (109,000 / $34,000)
13Mortgage Guaranty Insurance Co 46 76%8%
  • 269%
  • (140,000 / $52,000)
  • 283%
  • (139,000 / $49,000)
14Quicken Loans 43 72%23%
  • 251%
  • (113,000 / $45,000)
  • 248%
  • (82,000 / $33,000)
15Northview Bank 42 73%16%
  • 151%
  • (192,000 / $127,000)
  • 188%
  • (68,000 / $36,000)
16Bank Of America 40 70%17%
  • 269%
  • (159,000 / $59,000)
  • 360%
  • (90,000 / $25,000)
17Cmg Mortgage Insurance Co. 39 87%5%
  • 242%
  • (245,000 / $101,000)
  • 155%
  • (146,000 / $94,000)
18Wells Fargo Fin'l Minnesota 35 5%37%
  • 299%
  • (299,000 / $100,000)
  • 168%
  • (37,000 / $22,000)
19Us Bk Na Nd 35 42%51%
  • 107%
  • (68,000 / $63,000)
  • 160%
  • (90,000 / $56,000)
20Citibank 33 72%18%
  • 84%
  • (101,000 / $120,000)
  • 120%
  • (132,000 / $110,000)

Nashwauk, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,542
  2. Loan Applications Denied: 619
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 2,277
  5. % of Loan Applications Originated 64

Nashwauk, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information2

Nashwauk, 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 - $100,0001,728 6218
$100,000 - $300,0001,652 6516
$300,000 - $500,000151 6515
$500,000 - $1,000,00011 6336

Nashwauk, 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 - $100,0002,869 6118
$100,000 - $300,000626 7013
$300,000 - $500,00036 8011
$500,000 - $1,000,0009 6633
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Nashwauk, 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%17868 15
30 - 60%26566 14
60 - 100%40367 16
100 - 200%1,17563 17
200 - 300%79166 14
300 - 400%44359 20
> 400%28751 26

Nashwauk, 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 Dwelling2,941 6218
Not Owner-Occupied As A Principal Dwelling559 7513
Not Applicable10 3040

Home Owner Property Type Statistics in Nashwauk, 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)3,210 6417
One To Four-Family179 786
Manufactured Housing153 5229
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