Top Norton, MN Mortgage Lenders

RankNorton Mortgage LenderNorton Home Loans ProcessedNorton Home Loans ApprovedNorton Home Loans DeniedNorton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNorton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 241 58%21%
  • 205%
  • (105,000 Loan / $51,000 Income)
  • 145%
  • (58,000 Loan / $40,000 Income)
2Eastwood Bank 155 76%9%
  • 233%
  • (133,000 / $57,000)
  • 231%
  • (345,000 / $149,000)
3Affinity Plus Federal Credit U 125 58%4%
  • 131%
  • (114,000 / $87,000)
  • 285%
  • (97,000 / $34,000)
4Merchants Bank 110 76%2%
  • 200%
  • (76,000 / $38,000)
  • 520%
  • (208,000 / $40,000)
5Altra Federal Credit Union 99 79%6%
  • 154%
  • (131,000 / $85,000)
  • 53%
  • (21,000 / $39,000)
6Home Federal Savings Bank 70 55%20%
  • 185%
  • (65,000 / $35,000)
  • 225%
  • (133,000 / $59,000)
7United Guaranty Corporation 63 84%1%
  • 244%
  • (271,000 / $111,000)
  • 332%
  • (133,000 / $40,000)
8Associated Bank 37 72%10%
  • 177%
  • (103,000 / $58,000)
  • 147%
  • (75,000 / $51,000)
9Beneficial Company Llc 33 9%87%
  • 198%
  • (121,000 / $61,000)
  • 264%
  • (188,000 / $71,000)
10Genworth Mortgage Insurance Co 31 61%9%
  • 268%
  • (118,000 / $44,000)
  • 157%
  • (121,000 / $77,000)
11Countrywide Bank Fsb 28 78%7%
  • 257%
  • (49,000 / $19,000)
  • 500%
  • (135,000 / $27,000)
12Mortgage Guaranty Insurance Co 25 56%8%
  • 231%
  • (227,000 / $98,000)
  • 220%
  • (161,000 / $73,000)
13Countrywide Home Loans 24 58%16%
  • 369%
  • (266,000 / $72,000)
  • 234%
  • (108,000 / $46,000)
14Agstar Financial Services 23 52%8%
  • 177%
  • (64,000 / $36,000)
  • 1500%
  • (135,000 / $9,000)
15Cmg Mortgage Insurance Co. 19 89%0%
  • 218%
  • (155,000 / $71,000)
0
16Citifinancial Services Inc 19 26%36%
  • 176%
  • (30,000 / $17,000)
  • 80%
  • (17,000 / $21,000)
17Think Mutual Bank 18 66%5%
  • 176%
  • (200,000 / $113,000)
  • 294%
  • (200,000 / $68,000)
18Wells Fargo Fin'l Minnesota 15 13%53%
  • 260%
  • (271,000 / $104,000)
  • 160%
  • (80,000 / $50,000)
19Security State Bank - Lewiston 15 100%0%
  • 61%
  • (19,000 / $31,000)
0
20Citimortgage 14 78%14%
  • 255%
  • (174,000 / $68,000)
  • 616%
  • (376,000 / $61,000)

Norton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,536
  2. Loan Applications Denied: 252
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 957
  5. % of Loan Applications Originated 62

Norton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history9
Debt-to-income ratio6
Collateral6
Credit application incomplete1
Mortgage insurance denied0

Norton, 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 - $100,000526 6218
$100,000 - $300,000977 6215
$300,000 - $500,00029 5127
$500,000 - $1,000,0002 050
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000

Norton, 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 - $100,0001,325 6017
$100,000 - $300,000202 718
$300,000 - $500,0003 6633
$500,000 - $1,000,0003 3333
$1,000,000 - $1,500,0001 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Norton, 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%6975 13
30 - 60%12264 22
60 - 100%10958 22
100 - 200%40568 11
200 - 300%44862 15
300 - 400%23054 16
> 400%15345 26

Norton, 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 Dwelling1,495 6216
Not Owner-Occupied As A Principal Dwelling39 7110
Not Applicable1 1000

Home Owner Property Type Statistics in Norton, 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)1,309 6017
One To Four-Family166 773
Manufactured Housing61 5431
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