Top Nelson Park, MN Mortgage Lenders

RankNelson Park Mortgage LenderNelson Park Home Loans ProcessedNelson Park Home Loans ApprovedNelson Park Home Loans DeniedNelson Park Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNelson Park Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 84 48%27%
  • 130%
  • (72,000 Loan / $55,000 Income)
  • 88%
  • (30,000 Loan / $34,000 Income)
2Bremer Bank Na (Grand Forks) 58 84%10%
  • 112%
  • (177,000 / $158,000)
  • 114%
  • (40,000 / $35,000)
3Community Bank Of The Rrv 36 94%5%
  • 129%
  • (35,000 / $27,000)
  • 243%
  • (39,000 / $16,000)
4Jpmorgan Chase Bank 30 80%20%
  • 202%
  • (93,000 / $46,000)
  • 75%
  • (75,000 / $100,000)
5Citifinancial Services Inc 23 65%17%
  • 146%
  • (85,000 / $58,000)
  • 126%
  • (33,000 / $26,000)
6Citimortgage 22 86%4% 0
  • 285%
  • (57,000 / $20,000)
7American Federal Bank 22 77%18%
  • 78%
  • (86,000 / $109,000)
  • 116%
  • (35,000 / $30,000)
8Hfc Company Llc 17 11%47%
  • 76%
  • (48,000 / $63,000)
  • 118%
  • (39,000 / $33,000)
9Mortgage Guaranty Insurance Co 15 86%0%
  • 132%
  • (41,000 / $31,000)
0
10Countrywide Bank Fsb 15 53%46%
  • 250%
  • (65,000 / $26,000)
  • 338%
  • (240,000 / $71,000)
11Genworth Mortgage Insurance Co 14 35%7%
  • 204%
  • (43,000 / $21,000)
  • 293%
  • (244,000 / $83,000)
12Citibank 14 57%28%
  • 88%
  • (37,000 / $42,000)
  • 186%
  • (147,000 / $79,000)
13Frandsen Bank & Trust 13 69%23%
  • 100%
  • (40,000 / $40,000)
  • 90%
  • (38,000 / $42,000)
14Beneficial Company Llc 12 0%91% 0
  • 100%
  • (30,000 / $30,000)
15Alerus Financial 12 41%41%
  • 37%
  • (20,000 / $54,000)
  • 243%
  • (100,000 / $41,000)
16Merchants Bank 11 100%0%
  • 135%
  • (104,000 / $77,000)
0
17Wealthbridge Mortgage Corp. 10 90%0%
  • 226%
  • (197,000 / $87,000)
0
18Us Bank North Dakota 9 22%55%
  • 220%
  • (66,000 / $30,000)
  • 85%
  • (49,000 / $57,000)
19Us Bank 8 62%37%
  • 97%
  • (44,000 / $45,000)
  • 312%
  • (75,000 / $24,000)
20Mortgage Services Iii, L.L.C. 8 50%12%
  • 207%
  • (56,000 / $27,000)
  • 146%
  • (151,000 / $103,000)

Nelson Park, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 631
  2. Loan Applications Denied: 145
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 374
  5. % of Loan Applications Originated 59

Nelson Park, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio6
Employment history2
Credit application incomplete2

Nelson Park, 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 - $100,000438 6123
$100,000 - $300,000190 5223
$300,000 - $500,0003 660

Nelson Park, 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 - $100,000569 5823
$100,000 - $300,00059 6516
$300,000 - $500,0001 1000
$500,000 - $1,000,0002 500

Loan to Income Ratios Research for Mortgage in Nelson Park, 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%3043 43
30 - 60%7665 22
60 - 100%11960 23
100 - 200%21760 17
200 - 300%10757 20
300 - 400%5950 32
> 400%2360 30

Nelson Park, 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 Dwelling616 5823
Not Owner-Occupied As A Principal Dwelling14 7814

Home Owner Property Type Statistics in Nelson Park, 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)550 5923
One To Four-Family44 682
Manufactured Housing37 4040
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