Top Nowthen, MN Mortgage Lenders

RankNowthen Mortgage LenderNowthen Home Loans ProcessedNowthen Home Loans ApprovedNowthen Home Loans DeniedNowthen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNowthen Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 653 61%18%
  • 220%
  • (220,000 Loan / $100,000 Income)
  • 261%
  • (230,000 Loan / $88,000 Income)
2Citimortgage 204 83%5%
  • 289%
  • (608,000 / $210,000)
  • 327%
  • (347,000 / $106,000)
3Jpmorgan Chase Bank 196 80%15%
  • 231%
  • (208,000 / $90,000)
  • 260%
  • (182,000 / $70,000)
4Countrywide Bank Fsb 183 72%13%
  • 223%
  • (275,000 / $123,000)
  • 300%
  • (204,000 / $68,000)
5Us Bank 180 85%8%
  • 264%
  • (310,000 / $117,000)
  • 308%
  • (213,000 / $69,000)
6Tcf National Bank 153 36%36%
  • 236%
  • (156,000 / $66,000)
  • 327%
  • (295,000 / $90,000)
7Bank Of America 122 80%12%
  • 296%
  • (196,000 / $66,000)
  • 303%
  • (155,000 / $51,000)
8Countrywide Home Loans 111 73%15%
  • 322%
  • (203,000 / $63,000)
  • 243%
  • (168,000 / $69,000)
9Citibank 95 71%17%
  • 121%
  • (57,000 / $47,000)
  • 128%
  • (77,000 / $60,000)
10Wells Fargo Funding 90 96%3%
  • 390%
  • (289,000 / $74,000)
  • 392%
  • (196,000 / $50,000)
11Us Bank North Dakota 86 32%40%
  • 120%
  • (72,000 / $60,000)
  • 102%
  • (139,000 / $135,000)
12Bell America Mortgage Llc Dba 67 73%1%
  • 264%
  • (193,000 / $73,000)
  • 300%
  • (123,000 / $41,000)
13The Business Bank 65 90%6%
  • 288%
  • (150,000 / $52,000)
  • 370%
  • (408,000 / $110,000)
14Village Bank 63 42%28%
  • 55%
  • (5,000 / $9,000)
  • 187%
  • (60,000 / $32,000)
15Mortgage Guaranty Insurance Co 62 69%6%
  • 314%
  • (195,000 / $62,000)
  • 423%
  • (199,000 / $47,000)
16Affinity Plus Federal Credit U 57 66%3%
  • 131%
  • (195,000 / $148,000)
  • 442%
  • (155,000 / $35,000)
17Marketplace Home Mortgage Llc 53 83%3%
  • 269%
  • (229,000 / $85,000)
  • 183%
  • (195,000 / $106,000)
18C.U. Mortgage Services, 53 47%15%
  • 241%
  • (263,000 / $109,000)
  • 267%
  • (158,000 / $59,000)
19United Guaranty Corporation 50 66%8%
  • 300%
  • (207,000 / $69,000)
  • 211%
  • (248,000 / $117,000)
20Beneficial Company Llc 50 6%76%
  • 208%
  • (292,000 / $140,000)
  • 292%
  • (260,000 / $89,000)

Nowthen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,704
  2. Loan Applications Denied: 901
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 2,947
  5. % of Loan Applications Originated 62

Nowthen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history10
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information2

Nowthen, 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 - $100,000989 5921
$100,000 - $300,0003,060 6615
$300,000 - $500,000633 5029
$500,000 - $1,000,00019 2163
$1,000,000 - $1,500,0003 3366

Nowthen, 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 - $100,0003,415 6118
$100,000 - $300,0001,243 6219
$300,000 - $500,00031 6022
$500,000 - $1,000,00010 6010
$1,000,000 - $1,500,0003 3333
$1,500,000 - $2,000,0001 00
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Nowthen, 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%19061 20
30 - 60%29260 20
60 - 100%36059 23
100 - 200%85266 15
200 - 300%1,21465 16
300 - 400%1,03363 16
> 400%76351 27

Nowthen, 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 Dwelling4,565 6219
Not Owner-Occupied As A Principal Dwelling131 7115
Not Applicable2 500

Home Owner Property Type Statistics in Nowthen, 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)4,356 6219
One To Four-Family251 705
Manufactured Housing97 3842
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