Top Norden, MN Mortgage Lenders

RankNorden Mortgage LenderNorden Home Loans ProcessedNorden Home Loans ApprovedNorden Home Loans DeniedNorden Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNorden Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 63 66%15%
  • 179%
  • (95,000 Loan / $53,000 Income)
  • 190%
  • (105,000 Loan / $55,000 Income)
2Genworth Mortgage Insurance Co 29 37%6%
  • 242%
  • (182,000 / $75,000)
  • 266%
  • (208,000 / $78,000)
3Jpmorgan Chase Bank 23 82%17%
  • 376%
  • (128,000 / $34,000)
  • 247%
  • (84,000 / $34,000)
4Unity Bank North 18 94%0%
  • 54%
  • (17,000 / $31,000)
0
5Bremer Bank Na (Grand Forks) 16 87%6%
  • 279%
  • (165,000 / $59,000)
  • 17%
  • (15,000 / $84,000)
6Wealthbridge Mortgage Corp. 8 100%0%
  • 186%
  • (123,000 / $66,000)
0
7Citimortgage 8 100%0%
  • 167%
  • (117,000 / $70,000)
0
8C.U. Mortgage Services, 8 37%37%
  • 233%
  • (140,000 / $60,000)
  • 348%
  • (108,000 / $31,000)
9New Day Financial, Llc 6 50%16%
  • 354%
  • (220,000 / $62,000)
  • 371%
  • (156,000 / $42,000)
10National City Bank 6 33%33%
  • 390%
  • (129,000 / $33,000)
  • 925%
  • (222,000 / $24,000)
11Metlife Bank 6 83%0%
  • 177%
  • (131,000 / $74,000)
0
12Embrace Home Loans, 6 50%16%
  • 289%
  • (266,000 / $92,000)
  • 658%
  • (112,000 / $17,000)
13Mortgage Guaranty Insurance Co 5 60%0%
  • 225%
  • (61,000 / $27,000)
0
14Countrywide Bank Fsb 5 60%0%
  • 187%
  • (105,000 / $56,000)
0
15Citifinancial Services Inc 5 40%40%
  • 92%
  • (81,000 / $88,000)
  • 130%
  • (26,000 / $20,000)
16Ally Bank F/K/A/ Gmac Bank 5 40%20%
  • 241%
  • (70,000 / $29,000)
  • 390%
  • (117,000 / $30,000)
17Wells Fargo Funding 4 75%0% 0 0
18Radian Guaranty 4 75%0%
  • 210%
  • (59,000 / $28,000)
0
19Homecomings Financial Llc 4 75%0%
  • 200%
  • (120,000 / $60,000)
0
20Gmac Mortgage Llc 4 25%0%
  • 376%
  • (94,000 / $25,000)
0

Norden, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 319
  2. Loan Applications Denied: 38
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 209
  5. % of Loan Applications Originated 65

Norden, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral5
Credit history3
Credit application incomplete2
Debt-to-income ratio1
Unverifiable information1

Norden, 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 - $100,000125 6516
$100,000 - $300,000189 659
$300,000 - $500,0005 400

Norden, 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 - $100,000299 6412
$100,000 - $300,00017 690
$300,000 - $500,0002 00
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Norden, 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%1560 13
30 - 60%2156 19
60 - 100%1968 15
100 - 200%10767 7
200 - 300%9168 10
300 - 400%4165 14
> 400%2548 20

Norden, 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 Dwelling313 6512
Not Owner-Occupied As A Principal Dwelling6 660

Home Owner Property Type Statistics in Norden, 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)253 6811
One To Four-Family49 574
Manufactured Housing17 4735
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