Top Nessel, MN Mortgage Lenders

RankNessel Mortgage LenderNessel Home Loans ProcessedNessel Home Loans ApprovedNessel Home Loans DeniedNessel Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNessel Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 334 58%22%
  • 203%
  • (216,000 Loan / $106,000 Income)
  • 201%
  • (312,000 Loan / $155,000 Income)
2Jpmorgan Chase Bank 111 78%16%
  • 180%
  • (217,000 / $120,000)
  • 273%
  • (104,000 / $38,000)
3Us Bank 97 74%16%
  • 272%
  • (240,000 / $88,000)
  • 296%
  • (172,000 / $58,000)
4Affinity Plus Federal Credit U 85 71%4%
  • 191%
  • (224,000 / $117,000)
  • 367%
  • (195,000 / $53,000)
5Citimortgage 69 79%11%
  • 214%
  • (150,000 / $70,000)
  • 308%
  • (308,000 / $100,000)
6Bank Of America 51 54%27%
  • 357%
  • (279,000 / $78,000)
  • 410%
  • (119,000 / $29,000)
7Countrywide Bank Fsb 47 63%23%
  • 222%
  • (100,000 / $45,000)
  • 253%
  • (185,000 / $73,000)
8Unity Bank 44 70%22%
  • 186%
  • (192,000 / $103,000)
  • 420%
  • (101,000 / $24,000)
9Associated Bank 38 65%23%
  • 133%
  • (40,000 / $30,000)
  • 327%
  • (295,000 / $90,000)
10Lake State Federal Credit Unio 37 21%32%
  • 79%
  • (62,000 / $78,000)
  • 311%
  • (112,000 / $36,000)
11Bell America Mortgage Llc Dba 36 66%0%
  • 319%
  • (313,000 / $98,000)
0
12Minnco Credit Union 32 43%28%
  • 216%
  • (130,000 / $60,000)
  • 333%
  • (200,000 / $60,000)
13Wells Fargo Funding 31 93%6%
  • 350%
  • (189,000 / $54,000)
  • 411%
  • (140,000 / $34,000)
14Northwoods Bank Of Minnesota 30 63%13%
  • 276%
  • (188,000 / $68,000)
  • 285%
  • (220,000 / $77,000)
15Us Bank North Dakota 29 24%48%
  • 88%
  • (53,000 / $60,000)
  • 271%
  • (160,000 / $59,000)
16Phh Mortgage Corporation 28 82%3%
  • 238%
  • (241,000 / $101,000)
  • 364%
  • (124,000 / $34,000)
17Citibank 26 69%19%
  • 144%
  • (229,000 / $159,000)
  • 79%
  • (50,000 / $63,000)
18Us Bk Na Nd 24 37%54%
  • 106%
  • (99,000 / $93,000)
  • 115%
  • (30,000 / $26,000)
19Countrywide Home Loans 22 86%4%
  • 242%
  • (201,000 / $83,000)
  • 267%
  • (243,000 / $91,000)
20United Guaranty Corporation 21 76%9%
  • 287%
  • (190,000 / $66,000)
  • 212%
  • (374,000 / $176,000)

Nessel, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,119
  2. Loan Applications Denied: 432
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,292
  5. % of Loan Applications Originated 60

Nessel, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Debt-to-income ratio14
Credit history10
Credit application incomplete4
Unverifiable information2

Nessel, 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 - $100,000447 6020
$100,000 - $300,0001,499 6119
$300,000 - $500,000172 5423
$500,000 - $1,000,0001 1000

Nessel, 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 - $100,0001,581 5821
$100,000 - $300,000522 6618
$300,000 - $500,00013 5315
$500,000 - $1,000,0003 660

Loan to Income Ratios Research for Mortgage in Nessel, 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%6160 24
30 - 60%9066 16
60 - 100%16063 17
100 - 200%51467 16
200 - 300%60759 18
300 - 400%41460 20
> 400%27346 34

Nessel, 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 Dwelling1,859 5920
Not Owner-Occupied As A Principal Dwelling241 6718

Home Owner Property Type Statistics in Nessel, 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)1,980 6020
One To Four-Family92 6910
Manufactured Housing47 4636
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