Top Richmond, MN Mortgage Lenders

RankRichmond Mortgage LenderRichmond Home Loans ProcessedRichmond Home Loans ApprovedRichmond Home Loans DeniedRichmond Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRichmond Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,188 70%11%
  • 197%
  • (144,000 Loan / $73,000 Income)
  • 206%
  • (60,000 Loan / $29,000 Income)
2Us Bank 413 83%10%
  • 222%
  • (131,000 / $59,000)
  • 248%
  • (248,000 / $100,000)
3Liberty Savings Bank Fsb 398 91%3%
  • 236%
  • (111,000 / $47,000)
  • 185%
  • (143,000 / $77,000)
4Jpmorgan Chase Bank 298 82%14%
  • 242%
  • (201,000 / $83,000)
  • 267%
  • (139,000 / $52,000)
5First Natl Bank Of Cold Spring 275 68%17%
  • 181%
  • (80,000 / $44,000)
  • 300%
  • (186,000 / $62,000)
6Bank Of America 213 78%13%
  • 252%
  • (126,000 / $50,000)
  • 271%
  • (271,000 / $100,000)
7State Bank Of Richmond 209 76%11%
  • 193%
  • (64,000 / $33,000)
  • 220%
  • (55,000 / $25,000)
8North Shore Bank Of Commerce 206 74%12%
  • 214%
  • (150,000 / $70,000)
  • 253%
  • (147,000 / $58,000)
9Central Minnesota Cu 178 80%3%
  • 136%
  • (79,000 / $58,000)
  • 225%
  • (97,000 / $43,000)
10Countrywide Bank Fsb 166 72%15%
  • 302%
  • (145,000 / $48,000)
  • 323%
  • (168,000 / $52,000)
11Phh Mortgage Corporation 164 86%3%
  • 225%
  • (192,000 / $85,000)
  • 250%
  • (95,000 / $38,000)
12Citimortgage 162 83%5%
  • 249%
  • (187,000 / $75,000)
  • 263%
  • (219,000 / $83,000)
13Central Mn Cu 155 64%12%
  • 197%
  • (81,000 / $41,000)
  • 214%
  • (230,000 / $107,000)
14Affinity Plus Federal Credit U 147 65%6%
  • 139%
  • (131,000 / $94,000)
  • 161%
  • (95,000 / $59,000)
15Mortgage Guaranty Insurance Co 139 74%2%
  • 254%
  • (224,000 / $88,000)
  • 404%
  • (89,000 / $22,000)
16Bremer Bank Na (St Cloud) 127 83%2%
  • 210%
  • (223,000 / $106,000)
  • 36%
  • (60,000 / $164,000)
17Members Cooperative Credit Uni 117 71%15%
  • 112%
  • (36,000 / $32,000)
  • 240%
  • (118,000 / $49,000)
18Countrywide Home Loans 105 87%5%
  • 277%
  • (133,000 / $48,000)
  • 260%
  • (130,000 / $50,000)
19Wells Fargo Funding 89 96%3%
  • 238%
  • (167,000 / $70,000)
  • 170%
  • (111,000 / $65,000)
20Us Bank North Dakota 88 43%34%
  • 103%
  • (124,000 / $120,000)
  • 197%
  • (95,000 / $48,000)

Richmond, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,045
  2. Loan Applications Denied: 1,158
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 5,672
  5. % of Loan Applications Originated 70

Richmond, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history10
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Richmond, 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 - $100,0002,020 7015
$100,000 - $300,0005,584 7013
$300,000 - $500,000411 6613
$500,000 - $1,000,00027 3248
$1,000,000 - $1,500,0003 0100

Richmond, 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 - $100,0006,214 6815
$100,000 - $300,0001,714 749
$300,000 - $500,00077 6014
$500,000 - $1,000,00029 726
$1,000,000 - $1,500,0008 5025
$1,500,000 - $2,000,0001 00
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Richmond, 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%26268 15
30 - 60%38671 12
60 - 100%65873 12
100 - 200%2,17573 11
200 - 300%2,37771 12
300 - 400%1,28967 16
> 400%89856 25

Richmond, 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 Dwelling7,376 7014
Not Owner-Occupied As A Principal Dwelling626 7410
Not Applicable14 850

Home Owner Property Type Statistics in Richmond, 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)7,390 7014
One To Four-Family425 763
Manufactured Housing230 5626
More Richmond, MN Mortgage Research: