Top Norman, MN Mortgage Lenders

RankNorman Mortgage LenderNorman Home Loans ProcessedNorman Home Loans ApprovedNorman Home Loans DeniedNorman Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNorman Mortgage Median LTR for Denied Loans
1Northview Bank 460 60%21%
  • 155%
  • (166,000 Loan / $107,000 Income)
  • 200%
  • (106,000 Loan / $53,000 Income)
2Wells Fargo Bank 267 61%17%
  • 155%
  • (76,000 / $49,000)
  • 152%
  • (169,000 / $111,000)
3Lake State Federal Credit Unio 235 26%22%
  • 212%
  • (83,000 / $39,000)
  • 335%
  • (94,000 / $28,000)
4Woodlands National Bank 222 48%23%
  • 226%
  • (129,000 / $57,000)
  • 230%
  • (90,000 / $39,000)
5Phh Mortgage Corporation 107 82%4%
  • 239%
  • (139,000 / $58,000)
  • 244%
  • (213,000 / $87,000)
6Jpmorgan Chase Bank 94 86%10%
  • 235%
  • (92,000 / $39,000)
  • 277%
  • (97,000 / $35,000)
7Mortgage Guaranty Insurance Co 65 69%4%
  • 238%
  • (112,000 / $47,000)
  • 213%
  • (162,000 / $76,000)
8Bank Of America 61 73%16%
  • 209%
  • (115,000 / $55,000)
  • 254%
  • (191,000 / $75,000)
9Us Bank 55 76%16%
  • 218%
  • (116,000 / $53,000)
  • 212%
  • (191,000 / $90,000)
10Flagstar Bank 54 74%18%
  • 227%
  • (132,000 / $58,000)
  • 250%
  • (100,000 / $40,000)
11Affinity Plus Federal Credit U 53 54%9%
  • 119%
  • (50,000 / $42,000)
  • 240%
  • (132,000 / $55,000)
12Citimortgage 49 77%8%
  • 281%
  • (107,000 / $38,000)
  • 136%
  • (250,000 / $183,000)
13Countrywide Bank Fsb 47 68%21%
  • 259%
  • (122,000 / $47,000)
  • 413%
  • (285,000 / $69,000)
14Beneficial Company Llc 43 6%74%
  • 55%
  • (15,000 / $27,000)
  • 243%
  • (292,000 / $120,000)
15Us Bank North Dakota 41 31%46%
  • 76%
  • (35,000 / $46,000)
  • 122%
  • (43,000 / $35,000)
16Agstar Financial Services 36 55%22%
  • 188%
  • (117,000 / $62,000)
  • 277%
  • (150,000 / $54,000)
17Towne Mortgage Company 35 91%8%
  • 210%
  • (263,000 / $125,000)
  • 293%
  • (170,000 / $58,000)
18Quicken Loans 32 75%18%
  • 191%
  • (176,000 / $92,000)
  • 491%
  • (172,000 / $35,000)
19Countrywide Home Loans 32 62%28%
  • 225%
  • (45,000 / $20,000)
  • 241%
  • (290,000 / $120,000)
20Radian Guaranty 29 86%0%
  • 202%
  • (168,000 / $83,000)
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Norman, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,012
  2. Loan Applications Denied: 647
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 1,677
  5. % of Loan Applications Originated 55

Norman, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history15
Debt-to-income ratio13
Credit application incomplete2
Unverifiable information1

Norman, 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 - $100,0001,010 5224
$100,000 - $300,0001,922 5620
$300,000 - $500,00077 6016
$500,000 - $1,000,0003 660

Norman, 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 - $100,0002,362 5123
$100,000 - $300,000595 6313
$300,000 - $500,00034 8111
$500,000 - $1,000,00017 930
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0002 500
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Norman, 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%6663 21
30 - 60%15660 25
60 - 100%32063 16
100 - 200%89959 18
200 - 300%80050 22
300 - 400%46854 20
> 400%30343 34

Norman, 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 Dwelling2,461 5222
Not Owner-Occupied As A Principal Dwelling525 6816
Not Applicable10 4020

Home Owner Property Type Statistics in Norman, 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)2,608 5521
Manufactured Housing255 4431
One To Four-Family149 715
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