Top River, MN Mortgage Lenders

RankRiver Mortgage LenderRiver Home Loans ProcessedRiver Home Loans ApprovedRiver Home Loans DeniedRiver Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRiver Mortgage Median LTR for Denied Loans
1Unity Bank North 152 96%1%
  • 78%
  • (15,000 Loan / $19,000 Income)
  • 75%
  • (12,000 Loan / $16,000 Income)
2Wells Fargo Bank 51 62%15%
  • 132%
  • (65,000 / $49,000)
  • 92%
  • (50,000 / $54,000)
3Jpmorgan Chase Bank 22 90%4%
  • 182%
  • (82,000 / $45,000)
  • 81%
  • (26,000 / $32,000)
4Wealthbridge Mortgage Corp. 20 70%15%
  • 202%
  • (154,000 / $76,000)
  • 186%
  • (147,000 / $79,000)
5Bremer Bank Na (Grand Forks) 20 95%0%
  • 261%
  • (141,000 / $54,000)
0
6Citimortgage 16 87%0%
  • 94%
  • (64,000 / $68,000)
0
7Embrace Home Loans, 10 0%40% 0
  • 159%
  • (51,000 / $32,000)
8Beneficial Company Llc 8 12%75%
  • 134%
  • (105,000 / $78,000)
  • 170%
  • (70,000 / $41,000)
9Us Bank 7 71%0%
  • 129%
  • (126,000 / $97,000)
0
10Radian Guaranty 6 66%0%
  • 194%
  • (68,000 / $35,000)
0
11Mortgage Guaranty Insurance Co 6 100%0%
  • 167%
  • (127,000 / $76,000)
0
12Countrywide Bank Fsb 6 83%0%
  • 155%
  • (70,000 / $45,000)
0
13Unity Bank 5 60%40%
  • 139%
  • (85,000 / $61,000)
  • 144%
  • (75,000 / $52,000)
14Ultima Bank Minnesota 5 100%0%
  • 16%
  • (13,000 / $81,000)
0
15Countrywide Home Loans 5 60%40% 0
  • 309%
  • (96,000 / $31,000)
16Citibank 5 40%60%
  • 185%
  • (130,000 / $70,000)
  • 25%
  • (14,000 / $56,000)
17Alerus Financial 5 80%20%
  • 87%
  • (51,000 / $58,000)
  • 231%
  • (88,000 / $38,000)
18Quicken Loans 4 50%50%
  • 292%
  • (164,000 / $56,000)
  • 291%
  • (105,000 / $36,000)
19Mortgage Services Iii, L.L.C. 4 75%25%
  • 241%
  • (70,000 / $29,000)
  • 194%
  • (105,000 / $54,000)
20Genworth Mortgage Insurance Co 4 50%0%
  • 300%
  • (78,000 / $26,000)
0

River, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 451
  2. Loan Applications Denied: 56
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 345
  5. % of Loan Applications Originated 76

River, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral9
Debt-to-income ratio3
Unverifiable information1
Employment history1

River, 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 - $100,000312 7512
$100,000 - $300,000138 7812
$300,000 - $500,0001 1000

River, 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 - $100,000411 7413
$100,000 - $300,00039 912
$300,000 - $500,0001 1000

Loan to Income Ratios Research for Mortgage in River, 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%3778 13
30 - 60%5384 7
60 - 100%7579 9
100 - 200%14472 13
200 - 300%9777 11
300 - 400%3258 21
> 400%1384 15

River, 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 Dwelling438 7512
Not Owner-Occupied As A Principal Dwelling12 1000
Not Applicable1 1000

Home Owner Property Type Statistics in River, 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)376 7613
Manufactured Housing52 7813
One To Four-Family23 780
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