Top Orono, MN Mortgage Lenders

RankOrono Mortgage LenderOrono Home Loans ProcessedOrono Home Loans ApprovedOrono Home Loans DeniedOrono Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOrono Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,988 66%12%
  • 200%
  • (381,000 Loan / $190,000 Income)
  • 223%
  • (362,000 Loan / $162,000 Income)
2Us Bank 562 80%9%
  • 226%
  • (540,000 / $238,000)
  • 271%
  • (1,000,000 / $368,000)
3Jpmorgan Chase Bank 508 87%11%
  • 226%
  • (283,000 / $125,000)
  • 280%
  • (398,000 / $142,000)
4Citimortgage 320 76%6%
  • 240%
  • (298,000 / $124,000)
  • 245%
  • (2,000,000 / $816,000)
5Bank Of America 283 72%13%
  • 210%
  • (420,000 / $200,000)
  • 232%
  • (824,000 / $354,000)
6Phh Home Loans 203 83%5%
  • 233%
  • (194,000 / $83,000)
  • 304%
  • (314,000 / $103,000)
7Countrywide Bank Fsb 185 72%15%
  • 257%
  • (417,000 / $162,000)
  • 354%
  • (340,000 / $96,000)
8The Business Bank 182 91%4%
  • 237%
  • (166,000 / $70,000)
  • 387%
  • (248,000 / $64,000)
9Wells Fargo Funding 162 97%1%
  • 224%
  • (220,000 / $98,000)
  • 276%
  • (265,000 / $96,000)
10Citibank 161 77%11%
  • 140%
  • (108,000 / $77,000)
  • 138%
  • (339,000 / $245,000)
11Us Bank North Dakota 139 26%44%
  • 176%
  • (570,000 / $323,000)
  • 291%
  • (612,000 / $210,000)
12Tcf National Bank 128 32%46%
  • 211%
  • (114,000 / $54,000)
  • 355%
  • (160,000 / $45,000)
13Bell America Mortgage Llc Dba 127 76%2%
  • 251%
  • (400,000 / $159,000)
  • 276%
  • (265,000 / $96,000)
14Countrywide Home Loans 122 77%18%
  • 297%
  • (446,000 / $150,000)
  • 200%
  • (200,000 / $100,000)
15Ing Bank, Fsb 118 48%33%
  • 255%
  • (1,500,000 / $587,000)
  • 294%
  • (1,900,000 / $645,000)
16Us Bk Na Nd 117 42%38%
  • 167%
  • (104,000 / $62,000)
  • 250%
  • (165,000 / $66,000)
17State Bank & Trust 106 81%2%
  • 215%
  • (190,000 / $88,000)
  • 393%
  • (342,000 / $87,000)
18Provident Funding Associates 103 70%17%
  • 244%
  • (259,000 / $106,000)
  • 324%
  • (198,000 / $61,000)
19Alerus Financial 87 91%1%
  • 225%
  • (350,000 / $155,000)
  • 360%
  • (173,000 / $48,000)
20Summit Mortgage Corporation 82 91%1%
  • 252%
  • (417,000 / $165,000)
  • 207%
  • (299,000 / $144,000)

Orono, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 9,044
  2. Loan Applications Denied: 1,345
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 6,183
  5. % of Loan Applications Originated 68

Orono, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio17
Collateral17
Credit history8
Credit application incomplete6
Unverifiable information3

Orono, 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 - $100,000872 5820
$100,000 - $300,0003,582 6913
$300,000 - $500,0002,915 7411
$500,000 - $1,000,0001,144 6219
$1,000,000 - $1,500,000294 5924
$1,500,000 - $2,000,000143 5425
> $2,000,00094 4822

Orono, 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 - $100,0003,295 6317
$100,000 - $300,0004,130 7112
$300,000 - $500,000844 6814
$500,000 - $1,000,000554 6219
$1,000,000 - $1,500,000109 6512
$1,500,000 - $2,000,00046 648
> $2,000,00066 6616

Loan to Income Ratios Research for Mortgage in Orono, 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%24158 19
30 - 60%41860 17
60 - 100%73268 11
100 - 200%2,39573 10
200 - 300%2,43571 12
300 - 400%1,60067 16
> 400%1,22354 25

Orono, 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 Dwelling8,469 6814
Not Owner-Occupied As A Principal Dwelling564 6716
Not Applicable4 5025

Home Owner Property Type Statistics in Orono, 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)8,836 6815
One To Four-Family199 785
Manufactured Housing9 1155
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