Top Nereson, MN Mortgage Lenders

RankNereson Mortgage LenderNereson Home Loans ProcessedNereson Home Loans ApprovedNereson Home Loans DeniedNereson Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNereson Mortgage Median LTR for Denied Loans
1Genworth Mortgage Insurance Co 15 33%0%
  • 190%
  • (76,000 Loan / $40,000 Income)
0
2Merchants Bank 12 91%0%
  • 140%
  • (84,000 / $60,000)
0
3Us Bank 10 60%20%
  • 276%
  • (83,000 / $30,000)
  • 502%
  • (176,000 / $35,000)
4Jpmorgan Chase Bank 10 70%30%
  • 282%
  • (82,000 / $29,000)
  • 200%
  • (74,000 / $37,000)
5Beneficial Company Llc 7 14%42%
  • 116%
  • (57,000 / $49,000)
  • 158%
  • (65,000 / $41,000)
6Citimortgage 6 66%16%
  • 184%
  • (81,000 / $44,000)
  • 225%
  • (153,000 / $68,000)
7Citifinancial Services Inc 6 50%0%
  • 172%
  • (83,000 / $48,000)
0
8Bank Of America 6 33%66%
  • 200%
  • (80,000 / $40,000)
  • 162%
  • (57,000 / $35,000)
9Wells Fargo Bank 5 20%20%
  • 202%
  • (69,000 / $34,000)
  • 179%
  • (43,000 / $24,000)
10Hfc Company Llc 5 0%80% 0
  • 234%
  • (54,000 / $23,000)
11Ultima Bank Minnesota 4 100%0%
  • 372%
  • (201,000 / $54,000)
0
12Mortgage Guaranty Insurance Co 4 100%0%
  • 243%
  • (95,000 / $39,000)
0
13Alerus Financial 4 75%0%
  • 101%
  • (80,000 / $79,000)
0
14State Farm Bank 3 33%66%
  • 118%
  • (38,000 / $32,000)
  • 207%
  • (112,000 / $54,000)
15Quicken Loans 3 66%33%
  • 253%
  • (137,000 / $54,000)
  • 278%
  • (92,000 / $33,000)
16New Day Financial, Llc 3 0%66% 0
  • 287%
  • (187,000 / $65,000)
17Embrace Home Loans, 3 0%0% 0 0
18Cmg Mortgage Insurance Co. 3 66%0%
  • 175%
  • (65,000 / $37,000)
0
19Valley Mortgage Inc 2 50%0%
  • 132%
  • (167,000 / $126,000)
0
20United Guaranty Corporation 2 100%0%
  • 325%
  • (65,000 / $20,000)
0

Nereson, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 146
  2. Loan Applications Denied: 33
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 72
  5. % of Loan Applications Originated 49

Nereson, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral6
Credit history5
Debt-to-income ratio3
Credit application incomplete3
Unverifiable information1

Nereson, 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 - $100,00087 5124
$100,000 - $300,00058 4420
$300,000 - $500,0001 1000

Nereson, 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 - $100,000135 4722
$100,000 - $300,00010 7010
$300,000 - $500,0001 0100

Loan to Income Ratios Research for Mortgage in Nereson, 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%333 0
30 - 60%540 40
60 - 100%742 14
100 - 200%7156 21
200 - 300%4240 28
300 - 400%1337 15
> 400%580 20

Nereson, 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 Dwelling135 4822
Not Owner-Occupied As A Principal Dwelling11 6318

Home Owner Property Type Statistics in Nereson, 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)116 4528
One To Four-Family23 520
Manufactured Housing7 1000
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