Top Riceville, MN Mortgage Lenders

RankRiceville Mortgage LenderRiceville Home Loans ProcessedRiceville Home Loans ApprovedRiceville Home Loans DeniedRiceville Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRiceville Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 257 59%14%
  • 187%
  • (118,000 Loan / $63,000 Income)
  • 218%
  • (133,000 Loan / $61,000 Income)
2State Bank & Trust 161 79%9%
  • 103%
  • (403,000 / $391,000)
  • 275%
  • (220,000 / $80,000)
3Bremer Bank Na (Fargo) 94 71%12%
  • 135%
  • (194,000 / $143,000)
  • 65%
  • (17,000 / $26,000)
4Citimortgage 93 88%5%
  • 235%
  • (165,000 / $70,000)
  • 129%
  • (48,000 / $37,000)
5Gate City Bank 78 80%2%
  • 147%
  • (383,000 / $260,000)
  • 604%
  • (151,000 / $25,000)
6Us Bank 60 66%26%
  • 208%
  • (240,000 / $115,000)
  • 215%
  • (86,000 / $40,000)
7Jpmorgan Chase Bank 59 83%13%
  • 219%
  • (112,000 / $51,000)
  • 213%
  • (158,000 / $74,000)
8Midwest Bank 56 85%8%
  • 153%
  • (126,000 / $82,000)
  • 158%
  • (190,000 / $120,000)
9Countrywide Bank Fsb 34 73%20%
  • 259%
  • (179,000 / $69,000)
  • 314%
  • (157,000 / $50,000)
10Countrywide Home Loans 32 81%12%
  • 329%
  • (254,000 / $77,000)
  • 171%
  • (206,000 / $120,000)
11Northwestern Bank 30 86%10%
  • 96%
  • (60,000 / $62,000)
  • 245%
  • (125,000 / $51,000)
12Wells Fargo Funding 21 95%4%
  • 155%
  • (417,000 / $268,000)
  • 132%
  • (127,000 / $96,000)
13Alerus Financial 21 90%4%
  • 120%
  • (308,000 / $255,000)
  • 58%
  • (31,000 / $53,000)
14Bank Of America 20 60%30%
  • 360%
  • (400,000 / $111,000)
  • 224%
  • (186,000 / $83,000)
15Citifinancial Services Inc 19 47%31%
  • 155%
  • (56,000 / $36,000)
  • 306%
  • (144,000 / $47,000)
16First International Bank & Tru 18 72%0%
  • 204%
  • (417,000 / $204,000)
0
17Washington Mutual Bank 16 68%18%
  • 292%
  • (120,000 / $41,000)
  • 220%
  • (75,000 / $34,000)
18Town And Country Credit Union 16 93%6%
  • 156%
  • (119,000 / $76,000)
  • 39%
  • (64,000 / $163,000)
19Cornerstone Bank 16 81%6%
  • 118%
  • (239,000 / $201,000)
  • 284%
  • (239,000 / $84,000)
20Us Bank North Dakota 14 35%28%
  • 111%
  • (100,000 / $90,000)
  • 273%
  • (175,000 / $64,000)

Riceville, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,586
  2. Loan Applications Denied: 239
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,100
  5. % of Loan Applications Originated 69

Riceville, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Credit history13
Debt-to-income ratio11
Credit application incomplete3
Unverifiable information2

Riceville, 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 - $100,000520 6618
$100,000 - $300,000880 7013
$300,000 - $500,000177 6812
$500,000 - $1,000,0008 4937
$1,000,000 - $1,500,0001 1000

Riceville, 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 - $100,0001,071 6517
$100,000 - $300,000454 749
$300,000 - $500,00047 902
$500,000 - $1,000,00010 7020
$1,000,000 - $1,500,0002 500
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Riceville, 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%8673 16
30 - 60%12473 16
60 - 100%18374 8
100 - 200%48872 12
200 - 300%35763 16
300 - 400%19869 15
> 400%15056 24

Riceville, 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 Dwelling1,110 6418
Not Owner-Occupied As A Principal Dwelling462 807
Not Applicable2 1000

Home Owner Property Type Statistics in Riceville, 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)1,475 6914
Manufactured Housing58 5036
One To Four-Family53 735
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