Top Nisswa, MN Mortgage Lenders

RankNisswa Mortgage LenderNisswa Home Loans ProcessedNisswa Home Loans ApprovedNisswa Home Loans DeniedNisswa Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNisswa Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 4,299 65%14%
  • 198%
  • (495,000 Loan / $250,000 Income)
  • 187%
  • (251,000 Loan / $134,000 Income)
2Jpmorgan Chase Bank 1,073 85%12%
  • 254%
  • (140,000 / $55,000)
  • 227%
  • (91,000 / $40,000)
3Us Bank 1,032 79%12%
  • 234%
  • (155,000 / $66,000)
  • 255%
  • (133,000 / $52,000)
4Citimortgage 722 81%7%
  • 229%
  • (131,000 / $57,000)
  • 283%
  • (261,000 / $92,000)
5Affinity Plus Federal Credit U 685 65%6%
  • 142%
  • (128,000 / $90,000)
  • 185%
  • (50,000 / $27,000)
6Countrywide Bank Fsb 674 73%16%
  • 225%
  • (135,000 / $60,000)
  • 273%
  • (115,000 / $42,000)
7Bank Of America 592 74%15%
  • 233%
  • (126,000 / $54,000)
  • 225%
  • (140,000 / $62,000)
8State Bank & Trust 524 78%8%
  • 121%
  • (79,000 / $65,000)
  • 275%
  • (193,000 / $70,000)
9Countrywide Home Loans 378 83%11%
  • 237%
  • (76,000 / $32,000)
  • 220%
  • (128,000 / $58,000)
10Bremer Bank Na (Fargo) 355 80%5%
  • 132%
  • (110,000 / $83,000)
  • 110%
  • (165,000 / $150,000)
11Mortgage Guaranty Insurance Co 340 72%5%
  • 255%
  • (166,000 / $65,000)
  • 243%
  • (185,000 / $76,000)
12Cornerstone Mortgage Company 307 89%2%
  • 260%
  • (112,000 / $43,000)
  • 332%
  • (133,000 / $40,000)
13Beneficial Company Llc 289 5%80%
  • 173%
  • (73,000 / $42,000)
  • 227%
  • (182,000 / $80,000)
14Eastwood Bank 272 69%11%
  • 148%
  • (144,000 / $97,000)
  • 129%
  • (35,000 / $27,000)
15Us Bank North Dakota 259 34%40%
  • 117%
  • (128,000 / $109,000)
  • 193%
  • (120,000 / $62,000)
16Wells Fargo Funding 251 97%1%
  • 155%
  • (417,000 / $268,000)
  • 256%
  • (398,000 / $155,000)
17United Guaranty Corporation 245 77%4%
  • 241%
  • (239,000 / $99,000)
  • 280%
  • (129,000 / $46,000)
18Phh Mortgage Corporation 221 87%2%
  • 196%
  • (120,000 / $61,000)
  • 275%
  • (157,000 / $57,000)
19Genworth Mortgage Insurance Co 221 69%2%
  • 248%
  • (134,000 / $54,000)
  • 254%
  • (173,000 / $68,000)
20Citibank 214 79%11%
  • 84%
  • (105,000 / $125,000)
  • 81%
  • (48,000 / $59,000)

Nisswa, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 22,661
  2. Loan Applications Denied: 3,736
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 14,905
  5. % of Loan Applications Originated 65

Nisswa, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history10
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Nisswa, 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 - $100,0007,168 6319
$100,000 - $300,00013,693 6515
$300,000 - $500,0001,630 6714
$500,000 - $1,000,000150 5524
$1,000,000 - $1,500,00015 6620
$1,500,000 - $2,000,0003 033
> $2,000,0002 5050

Nisswa, 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 - $100,00017,335 6317
$100,000 - $300,0004,811 7011
$300,000 - $500,000331 748
$500,000 - $1,000,000143 6918
$1,000,000 - $1,500,00023 6917
$1,500,000 - $2,000,0008 6225
> $2,000,00010 9010

Loan to Income Ratios Research for Mortgage in Nisswa, 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%92263 21
30 - 60%1,37064 17
60 - 100%1,98566 15
100 - 200%6,24369 13
200 - 300%6,11866 14
300 - 400%3,62464 16
> 400%2,39951 26

Nisswa, 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 Dwelling19,367 6417
Not Owner-Occupied As A Principal Dwelling3,145 7411
Not Applicable31 6416

Home Owner Property Type Statistics in Nisswa, 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)20,700 6516
One To Four-Family1,283 773
Manufactured Housing678 4832
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