Top Quamba, MN Mortgage Lenders

RankQuamba Mortgage LenderQuamba Home Loans ProcessedQuamba Home Loans ApprovedQuamba Home Loans DeniedQuamba Mortgage Median Loan to Income Ratio (LTR) for Approved LoansQuamba Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 868 60%18%
  • 171%
  • (230,000 Loan / $134,000 Income)
  • 196%
  • (98,000 Loan / $50,000 Income)
2Jpmorgan Chase Bank 259 79%16%
  • 227%
  • (107,000 / $47,000)
  • 199%
  • (337,000 / $169,000)
3Citimortgage 202 80%9%
  • 230%
  • (157,000 / $68,000)
  • 264%
  • (180,000 / $68,000)
4Countrywide Bank Fsb 198 64%21%
  • 236%
  • (177,000 / $75,000)
  • 247%
  • (131,000 / $53,000)
5Affinity Plus Federal Credit U 192 63%9%
  • 137%
  • (96,000 / $70,000)
  • 156%
  • (133,000 / $85,000)
6Us Bank 128 77%14%
  • 181%
  • (140,000 / $77,000)
  • 204%
  • (125,000 / $61,000)
7Beneficial Company Llc 120 6%79%
  • 226%
  • (143,000 / $63,000)
  • 198%
  • (119,000 / $60,000)
8Bank Of America 117 66%23%
  • 236%
  • (85,000 / $36,000)
  • 290%
  • (64,000 / $22,000)
9Agstar Financial Services 112 54%11%
  • 193%
  • (157,000 / $81,000)
  • 300%
  • (123,000 / $41,000)
10Countrywide Home Loans 107 80%12%
  • 229%
  • (248,000 / $108,000)
  • 251%
  • (78,000 / $31,000)
11Mortgage Guaranty Insurance Co 97 72%9%
  • 226%
  • (292,000 / $129,000)
  • 213%
  • (128,000 / $60,000)
12Frandsen Bank & Trust 91 95%2%
  • 150%
  • (75,000 / $50,000)
  • 183%
  • (198,000 / $108,000)
13Genworth Mortgage Insurance Co 87 49%3%
  • 227%
  • (157,000 / $69,000)
  • 235%
  • (174,000 / $74,000)
14Wells Fargo Funding 81 97%2%
  • 211%
  • (199,000 / $94,000)
  • 380%
  • (171,000 / $45,000)
15Kleinbank 81 58%9%
  • 85%
  • (18,000 / $21,000)
  • 157%
  • (142,000 / $90,000)
16The Business Bank 78 92%2%
  • 284%
  • (202,000 / $71,000)
  • 4838%
  • (1,500,000 / $31,000)
17Us Bank North Dakota 75 24%52%
  • 208%
  • (150,000 / $72,000)
  • 111%
  • (245,000 / $220,000)
18Citizens Bank Minnesota 73 90%4%
  • 148%
  • (134,000 / $90,000)
  • 204%
  • (248,000 / $121,000)
19Alliance Bank 70 92%0%
  • 165%
  • (131,000 / $79,000)
0
20Phh Mortgage Corporation 63 68%6%
  • 256%
  • (105,000 / $41,000)
  • 288%
  • (170,000 / $59,000)

Quamba, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,006
  2. Loan Applications Denied: 1,164
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,748
  5. % of Loan Applications Originated 62

Quamba, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history10
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Quamba, 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 - $100,0002,261 6020
$100,000 - $300,0003,359 6218
$300,000 - $500,000334 6815
$500,000 - $1,000,00050 5028
$1,000,000 - $1,500,0002 5050

Quamba, 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 - $100,0004,695 5920
$100,000 - $300,0001,139 6715
$300,000 - $500,000120 7612
$500,000 - $1,000,00043 6411
$1,000,000 - $1,500,0007 5628
$1,500,000 - $2,000,0002 500

Loan to Income Ratios Research for Mortgage in Quamba, 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%24765 20
30 - 60%38463 17
60 - 100%63863 20
100 - 200%1,73165 16
200 - 300%1,55362 17
300 - 400%82857 21
> 400%62552 28

Quamba, 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 Dwelling4,862 6020
Not Owner-Occupied As A Principal Dwelling1,084 7016
Not Applicable18 5022

Home Owner Property Type Statistics in Quamba, 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)5,437 6219
One To Four-Family339 674
Manufactured Housing230 4234
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