Top Northern, MN Mortgage Lenders

RankNorthern Mortgage LenderNorthern Home Loans ProcessedNorthern Home Loans ApprovedNorthern Home Loans DeniedNorthern Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNorthern Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 1,238 58%9%
  • 132%
  • (214,000 Loan / $162,000 Income)
  • 268%
  • (156,000 Loan / $58,000 Income)
2Wells Fargo Bank 651 65%13%
  • 206%
  • (149,000 / $72,000)
  • 128%
  • (131,000 / $102,000)
3Mortgage Guaranty Insurance Co 134 72%9%
  • 234%
  • (157,000 / $67,000)
  • 277%
  • (122,000 / $44,000)
4Cmg Mortgage Insurance Co. 106 93%0%
  • 240%
  • (60,000 / $25,000)
0
5Countrywide Bank Fsb 91 70%19%
  • 195%
  • (123,000 / $63,000)
  • 281%
  • (183,000 / $65,000)
6Bank Forward 91 70%7%
  • 168%
  • (756,000 / $449,000)
  • 89%
  • (57,000 / $64,000)
7Jpmorgan Chase Bank 82 73%24%
  • 238%
  • (148,000 / $62,000)
  • 219%
  • (68,000 / $31,000)
8Countrywide Home Loans 71 80%15%
  • 179%
  • (185,000 / $103,000)
  • 185%
  • (76,000 / $41,000)
9Citimortgage 61 73%9%
  • 189%
  • (108,000 / $57,000)
  • 257%
  • (232,000 / $90,000)
10Freedom Mortgage Corp. 45 62%17%
  • 290%
  • (151,000 / $52,000)
  • 297%
  • (128,000 / $43,000)
11Us Bank 44 90%2%
  • 236%
  • (203,000 / $86,000)
  • 258%
  • (142,000 / $55,000)
12Beneficial Company Llc 43 2%74%
  • 38%
  • (26,000 / $68,000)
  • 194%
  • (144,000 / $74,000)
13Americanmtgnetwork Dba Vertice 43 74%6%
  • 270%
  • (84,000 / $31,000)
  • 111%
  • (90,000 / $81,000)
14Genworth Mortgage Insurance Co 38 68%5%
  • 300%
  • (189,000 / $63,000)
  • 400%
  • (152,000 / $38,000)
15Republic Mortgage Insurance Co 32 65%3%
  • 262%
  • (134,000 / $51,000)
  • 257%
  • (232,000 / $90,000)
16Radian Guaranty 31 83%3%
  • 248%
  • (144,000 / $58,000)
  • 184%
  • (98,000 / $53,000)
17Embrace Home Loans, 31 12%48%
  • 269%
  • (148,000 / $55,000)
  • 368%
  • (107,000 / $29,000)
18United Guaranty Corporation 29 96%0%
  • 220%
  • (238,000 / $108,000)
0
19Bank Of America 29 79%10%
  • 244%
  • (127,000 / $52,000)
  • 249%
  • (172,000 / $69,000)
20Hiway Federal Credit Union 28 82%3%
  • 151%
  • (148,000 / $98,000)
  • 16%
  • (16,000 / $98,000)

Northern, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,796
  2. Loan Applications Denied: 573
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 2,340
  5. % of Loan Applications Originated 61

Northern, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Debt-to-income ratio5
Collateral5
Credit application incomplete2
Unverifiable information1

Northern, 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 - $100,0001,575 5917
$100,000 - $300,0002,109 6213
$300,000 - $500,000108 6010
$500,000 - $1,000,0004 750

Northern, 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 - $100,0003,200 5916
$100,000 - $300,000548 727
$300,000 - $500,00033 5712
$500,000 - $1,000,00013 467
$1,000,000 - $1,500,0001 0100
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Northern, 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%21370 13
30 - 60%27365 13
60 - 100%31763 16
100 - 200%1,06162 12
200 - 300%1,08062 13
300 - 400%55258 16
> 400%30043 29

Northern, 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 Dwelling3,455 6115
Not Owner-Occupied As A Principal Dwelling318 6614
Not Applicable2 050

Home Owner Property Type Statistics in Northern, 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)3,226 6015
One To Four-Family381 794
Manufactured Housing189 5026
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