Top Red Rock, MN Mortgage Lenders

RankRed Rock Mortgage LenderRed Rock Home Loans ProcessedRed Rock Home Loans ApprovedRed Rock Home Loans DeniedRed Rock Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRed Rock Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 409 68%14%
  • 188%
  • (141,000 Loan / $75,000 Income)
  • 187%
  • (15,000 Loan / $8,000 Income)
2Home Federal Savings Bank 78 76%10%
  • 151%
  • (62,000 / $41,000)
  • 614%
  • (252,000 / $41,000)
3Prime Lending 49 85%12%
  • 235%
  • (94,000 / $40,000)
  • 236%
  • (144,000 / $61,000)
4Bank Of America 43 72%23%
  • 196%
  • (55,000 / $28,000)
  • 341%
  • (140,000 / $41,000)
5Citimortgage 41 75%12%
  • 251%
  • (113,000 / $45,000)
  • 339%
  • (417,000 / $123,000)
6Jpmorgan Chase Bank 37 67%24%
  • 300%
  • (69,000 / $23,000)
  • 200%
  • (48,000 / $24,000)
7Us Bank 33 72%18%
  • 225%
  • (142,000 / $63,000)
  • 182%
  • (159,000 / $87,000)
8Countrywide Bank Fsb 33 66%15%
  • 269%
  • (210,000 / $78,000)
  • 252%
  • (169,000 / $67,000)
9Agstar Financial Services 33 36%6%
  • 177%
  • (55,000 / $31,000)
  • 211%
  • (55,000 / $26,000)
10Us Bk Na Nd 32 50%46%
  • 143%
  • (82,000 / $57,000)
  • 193%
  • (64,000 / $33,000)
11Citibank 32 87%3%
  • 124%
  • (51,000 / $41,000)
  • 217%
  • (50,000 / $23,000)
12C.U. Mortgage Services, 32 75%3%
  • 161%
  • (100,000 / $62,000)
  • 225%
  • (117,000 / $52,000)
13Us Bank North Dakota 29 58%34%
  • 131%
  • (134,000 / $102,000)
  • 123%
  • (172,000 / $139,000)
14United Guaranty Corporation 29 68%10%
  • 226%
  • (152,000 / $67,000)
  • 218%
  • (214,000 / $98,000)
15Embrace Home Loans, 29 6%55%
  • 272%
  • (101,000 / $37,000)
  • 376%
  • (192,000 / $51,000)
16Consumer Loan Services Llc 28 64%14%
  • 314%
  • (66,000 / $21,000)
  • 261%
  • (102,000 / $39,000)
17Wells Fargo Funding 26 100%0% 0 0
18Genworth Mortgage Insurance Co 26 61%0%
  • 212%
  • (53,000 / $25,000)
0
19Cmg Mortgage Insurance Co. 26 84%3%
  • 229%
  • (78,000 / $34,000)
  • 232%
  • (137,000 / $59,000)
20Beneficial Company Llc 26 3%96%
  • 381%
  • (332,000 / $87,000)
  • 223%
  • (123,000 / $55,000)

Red Rock, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,626
  2. Loan Applications Denied: 331
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,027
  5. % of Loan Applications Originated 63

Red Rock, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history9
Debt-to-income ratio6
Credit application incomplete4
Unverifiable information2

Red Rock, 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 - $100,000765 6122
$100,000 - $300,000806 6417
$300,000 - $500,00054 5625
$500,000 - $1,000,0001 1000

Red Rock, 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 - $100,0001,359 6220
$100,000 - $300,000238 6417
$300,000 - $500,00023 6413
$500,000 - $1,000,0005 2080
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Red Rock, 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%6064 26
30 - 60%8956 22
60 - 100%18060 19
100 - 200%51267 17
200 - 300%44465 17
300 - 400%21363 21
> 400%12840 36

Red Rock, 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 Dwelling1,545 6320
Not Owner-Occupied As A Principal Dwelling74 5527
Not Applicable2 500

Home Owner Property Type Statistics in Red Rock, 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)1,487 6221
One To Four-Family125 718
Manufactured Housing14 2842
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