Top Platte, MN Mortgage Lenders

RankPlatte Mortgage LenderPlatte Home Loans ProcessedPlatte Home Loans ApprovedPlatte Home Loans DeniedPlatte Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPlatte Mortgage Median LTR for Denied Loans
1Farmers & Merchants State Bank 87 88%6%
  • 145%
  • (87,000 Loan / $60,000 Income)
  • 109%
  • (70,000 Loan / $64,000 Income)
2Wells Fargo Bank 68 64%10%
  • 230%
  • (260,000 / $113,000)
  • 192%
  • (50,000 / $26,000)
3Unity Bank 46 76%19%
  • 209%
  • (251,000 / $120,000)
  • 263%
  • (108,000 / $41,000)
4Agstar Financial Services 24 41%25%
  • 143%
  • (93,000 / $65,000)
  • 377%
  • (200,000 / $53,000)
5Woodlands National Bank 23 65%21%
  • 200%
  • (160,000 / $80,000)
  • 329%
  • (135,000 / $41,000)
6Us Bank 22 59%4%
  • 295%
  • (236,000 / $80,000)
  • 216%
  • (117,000 / $54,000)
7Jpmorgan Chase Bank 19 73%15%
  • 239%
  • (318,000 / $133,000)
  • 190%
  • (114,000 / $60,000)
8Citimortgage 18 94%5%
  • 186%
  • (80,000 / $43,000)
  • 624%
  • (156,000 / $25,000)
9Citifinancial Services Inc 17 17%47%
  • 64%
  • (16,000 / $25,000)
  • 153%
  • (63,000 / $41,000)
10Beneficial Company Llc 14 0%71% 0
  • 276%
  • (108,000 / $39,000)
11Affinity Plus Federal Credit U 14 78%0%
  • 191%
  • (142,000 / $74,000)
0
12Us Bank North Dakota 13 23%61%
  • 236%
  • (144,000 / $61,000)
  • 102%
  • (72,000 / $70,000)
13Mortgage Guaranty Insurance Co 13 76%0%
  • 293%
  • (138,000 / $47,000)
0
14Phh Mortgage Corporation 12 66%8%
  • 195%
  • (178,000 / $91,000)
  • 520%
  • (177,000 / $34,000)
15Countrywide Bank Fsb 12 58%33%
  • 198%
  • (159,000 / $80,000)
  • 239%
  • (189,000 / $79,000)
16Bell America Mortgage Llc Dba 11 45%0%
  • 285%
  • (180,000 / $63,000)
0
17Embrace Home Loans, 10 10%30%
  • 138%
  • (108,000 / $78,000)
  • 722%
  • (260,000 / $36,000)
18Bank Of America 8 62%25%
  • 207%
  • (137,000 / $66,000)
  • 421%
  • (278,000 / $66,000)
19Us Bk Na Nd 6 50%33%
  • 213%
  • (92,000 / $43,000)
  • 328%
  • (250,000 / $76,000)
20Towne Mortgage Company 6 100%0%
  • 385%
  • (104,000 / $27,000)
0

Platte, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 665
  2. Loan Applications Denied: 124
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 418
  5. % of Loan Applications Originated 62

Platte, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral15
Debt-to-income ratio9
Credit application incomplete2
Employment history1

Platte, 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 - $100,000224 6120
$100,000 - $300,000404 6218
$300,000 - $500,00037 6710

Platte, 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 - $100,000523 5919
$100,000 - $300,000138 7315
$300,000 - $500,0003 330
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Platte, 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%1983 5
30 - 60%4366 13
60 - 100%5161 19
100 - 200%20164 18
200 - 300%16762 14
300 - 400%10560 20
> 400%7952 27

Platte, 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 Dwelling558 6020
Not Owner-Occupied As A Principal Dwelling102 7711

Home Owner Property Type Statistics in Platte, 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)560 6318
Manufactured Housing80 5826
One To Four-Family25 720
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