Top Powers, MN Mortgage Lenders

RankPowers Mortgage LenderPowers Home Loans ProcessedPowers Home Loans ApprovedPowers Home Loans DeniedPowers Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPowers Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 376 68%13%
  • 158%
  • (151,000 Loan / $95,000 Income)
  • 175%
  • (197,000 Loan / $112,000 Income)
2Us Bank 208 82%7%
  • 190%
  • (82,000 / $43,000)
  • 193%
  • (188,000 / $97,000)
3Jpmorgan Chase Bank 100 87%13%
  • 237%
  • (102,000 / $43,000)
  • 274%
  • (148,000 / $54,000)
4Pine River State Bank 58 70%24%
  • 164%
  • (56,000 / $34,000)
  • 125%
  • (20,000 / $16,000)
5Countrywide Bank Fsb 57 63%10%
  • 236%
  • (333,000 / $141,000)
  • 331%
  • (288,000 / $87,000)
6Bank Of America 51 60%25%
  • 242%
  • (218,000 / $90,000)
  • 285%
  • (134,000 / $47,000)
7Affinity Plus Federal Credit U 49 69%4%
  • 140%
  • (98,000 / $70,000)
  • 116%
  • (105,000 / $90,000)
8Citimortgage 45 75%11%
  • 255%
  • (360,000 / $141,000)
  • 433%
  • (512,000 / $118,000)
9Us Bk Na Nd 42 57%38%
  • 121%
  • (130,000 / $107,000)
  • 176%
  • (90,000 / $51,000)
10Countrywide Home Loans 40 80%15%
  • 253%
  • (170,000 / $67,000)
  • 256%
  • (555,000 / $216,000)
11Us Bank North Dakota 36 30%47%
  • 131%
  • (125,000 / $95,000)
  • 265%
  • (170,000 / $64,000)
12Bank Forward 33 84%9%
  • 133%
  • (143,000 / $107,000)
  • 6%
  • (2,000 / $32,000)
13Mortgage Guaranty Insurance Co 29 72%17%
  • 267%
  • (359,000 / $134,000)
  • 368%
  • (291,000 / $79,000)
14Wells Fargo Funding 25 96%0%
  • 164%
  • (417,000 / $254,000)
0
15Phh Mortgage Corporation 23 78%4%
  • 184%
  • (144,000 / $78,000)
  • 360%
  • (220,000 / $61,000)
16Liberty Savings Bank Fsb 22 95%4%
  • 140%
  • (350,000 / $249,000)
  • 57%
  • (63,000 / $110,000)
17Quicken Loans 17 70%23%
  • 200%
  • (277,000 / $138,000)
  • 622%
  • (411,000 / $66,000)
18Embrace Home Loans, 16 18%37%
  • 296%
  • (175,000 / $59,000)
  • 317%
  • (54,000 / $17,000)
19C.U. Mortgage Services, 16 75%6%
  • 253%
  • (165,000 / $65,000)
  • 168%
  • (143,000 / $85,000)
20Provident Funding Associates 15 46%46%
  • 153%
  • (157,000 / $102,000)
  • 176%
  • (125,000 / $71,000)

Powers, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,060
  2. Loan Applications Denied: 341
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,403
  5. % of Loan Applications Originated 68

Powers, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history13
Debt-to-income ratio9
Credit application incomplete5
Unverifiable information2

Powers, 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 - $100,000572 6318
$100,000 - $300,0001,236 6915
$300,000 - $500,000222 7214
$500,000 - $1,000,00025 2848
$1,000,000 - $1,500,0004 750
$1,500,000 - $2,000,0001 1000

Powers, 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 - $100,0001,296 6319
$100,000 - $300,000681 7610
$300,000 - $500,00053 7115
$500,000 - $1,000,00026 6119
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Powers, 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%6855 25
30 - 60%11068 17
60 - 100%21973 12
100 - 200%69672 13
200 - 300%48169 12
300 - 400%24161 24
> 400%24553 26

Powers, 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 Dwelling1,158 6021
Not Owner-Occupied As A Principal Dwelling867 7710
Not Applicable4 7525

Home Owner Property Type Statistics in Powers, 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)1,908 6816
One To Four-Family79 738
Manufactured Housing73 5628
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