Top Ravenna, MN Mortgage Lenders

RankRavenna Mortgage LenderRavenna Home Loans ProcessedRavenna Home Loans ApprovedRavenna Home Loans DeniedRavenna Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRavenna Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 301 69%11%
  • 196%
  • (114,000 Loan / $58,000 Income)
  • 170%
  • (194,000 Loan / $114,000 Income)
2Vermillion State Bank 89 85%6%
  • 209%
  • (132,000 / $63,000)
  • 325%
  • (195,000 / $60,000)
3Us Bank 59 81%13%
  • 256%
  • (203,000 / $79,000)
  • 356%
  • (417,000 / $117,000)
4Jpmorgan Chase Bank 57 75%24%
  • 241%
  • (362,000 / $150,000)
  • 225%
  • (225,000 / $100,000)
5Merchants Bank 52 76%7%
  • 163%
  • (177,000 / $108,000)
  • 564%
  • (271,000 / $48,000)
6Citimortgage 30 93%0%
  • 228%
  • (341,000 / $149,000)
0
7Bank Of America 30 73%23%
  • 286%
  • (186,000 / $65,000)
  • 505%
  • (404,000 / $80,000)
8Countrywide Bank Fsb 28 78%10%
  • 313%
  • (313,000 / $100,000)
  • 137%
  • (147,000 / $107,000)
9Affinity Plus Federal Credit U 27 55%7%
  • 122%
  • (195,000 / $159,000)
  • 480%
  • (240,000 / $50,000)
10Agstar Financial Services 21 47%14%
  • 125%
  • (270,000 / $216,000)
  • 460%
  • (175,000 / $38,000)
11Citibank 18 55%22%
  • 161%
  • (234,000 / $145,000)
  • 183%
  • (125,000 / $68,000)
12Bell America Mortgage Llc Dba 18 66%0%
  • 278%
  • (128,000 / $46,000)
0
13Wells Fargo Funding 15 100%0%
  • 157%
  • (205,000 / $130,000)
0
14Tcf National Bank 15 20%53%
  • 377%
  • (328,000 / $87,000)
  • 410%
  • (357,000 / $87,000)
15State Bank & Trust 15 80%0%
  • 279%
  • (193,000 / $69,000)
0
16Countrywide Home Loans 15 80%0%
  • 394%
  • (142,000 / $36,000)
0
17United Guaranty Corporation 12 83%8%
  • 495%
  • (297,000 / $60,000)
  • 578%
  • (347,000 / $60,000)
18Citizens National Bank 12 66%0%
  • 57%
  • (55,000 / $95,000)
0
19Hiway Federal Credit Union 11 54%0%
  • 169%
  • (180,000 / $106,000)
0
20Associated Bank 11 72%18%
  • 98%
  • (228,000 / $232,000)
  • 729%
  • (350,000 / $48,000)

Ravenna, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,261
  2. Loan Applications Denied: 178
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 846
  5. % of Loan Applications Originated 67

Ravenna, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Debt-to-income ratio13
Credit application incomplete8
Credit history7
Unverifiable information1

Ravenna, 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 - $100,000171 6913
$100,000 - $300,000873 6812
$300,000 - $500,000209 5818
$500,000 - $1,000,0007 1457
$1,000,000 - $1,500,0001 1000

Ravenna, 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 - $100,000786 6514
$100,000 - $300,000469 6713
$300,000 - $500,0004 750
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Ravenna, 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%4164 19
30 - 60%6178 9
60 - 100%6275 11
100 - 200%31772 12
200 - 300%35369 10
300 - 400%20865 10
> 400%21951 26

Ravenna, 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 Dwelling1,237 6714
Not Owner-Occupied As A Principal Dwelling22 689
Not Applicable2 500

Home Owner Property Type Statistics in Ravenna, 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)1,217 6614
One To Four-Family42 7314
Manufactured Housing2 050
More Ravenna, MN Mortgage Research: