Top Riverside, MN Mortgage Lenders

RankRiverside Mortgage LenderRiverside Home Loans ProcessedRiverside Home Loans ApprovedRiverside Home Loans DeniedRiverside Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRiverside Mortgage Median LTR for Denied Loans
1Kleinbank 143 64%11%
  • 97%
  • (75,000 Loan / $77,000 Income)
  • 187%
  • (60,000 Loan / $32,000 Income)
2Wells Fargo Bank 80 65%18%
  • 153%
  • (69,000 / $45,000)
  • 99%
  • (202,000 / $204,000)
3Jpmorgan Chase Bank 26 76%15%
  • 201%
  • (252,000 / $125,000)
  • 86%
  • (56,000 / $65,000)
4Wells Fargo Funding 23 100%0% 0 0
5Beneficial Company Llc 18 0%100% 0
  • 133%
  • (60,000 / $45,000)
6Hfc Company Llc 17 17%70%
  • 129%
  • (133,000 / $103,000)
  • 151%
  • (85,000 / $56,000)
7Bank Of America 17 58%35%
  • 113%
  • (34,000 / $30,000)
  • 131%
  • (58,000 / $44,000)
8United Prairie Bank 16 50%43%
  • 57%
  • (45,000 / $78,000)
  • 28%
  • (6,000 / $21,000)
9Countrywide Bank Fsb 13 84%15%
  • 163%
  • (49,000 / $30,000)
  • 227%
  • (50,000 / $22,000)
10Embrace Home Loans, 12 25%16%
  • 266%
  • (40,000 / $15,000)
  • 360%
  • (101,000 / $28,000)
11Minnwest Mortgage Corporation 11 45%18%
  • 177%
  • (96,000 / $54,000)
  • 124%
  • (170,000 / $137,000)
12Gmac Mortgage Llc 11 0%63% 0
  • 177%
  • (55,000 / $31,000)
13Us Bank 10 60%40%
  • 147%
  • (50,000 / $34,000)
  • 148%
  • (98,000 / $66,000)
14Citimortgage 10 50%10%
  • 122%
  • (72,000 / $59,000)
  • 179%
  • (86,000 / $48,000)
15Citifinancial Services Inc 9 33%44%
  • 152%
  • (93,000 / $61,000)
  • 132%
  • (98,000 / $74,000)
16Washington Mutual Bank 8 62%37%
  • 236%
  • (52,000 / $22,000)
  • 124%
  • (31,000 / $25,000)
17Merchants Bank 8 100%0%
  • 143%
  • (23,000 / $16,000)
0
18Countrywide Home Loans 8 75%25%
  • 85%
  • (55,000 / $64,000)
  • 270%
  • (135,000 / $50,000)
19Wells Fargo Fin'l Minnesota 7 42%14%
  • 159%
  • (94,000 / $59,000)
  • 96%
  • (56,000 / $58,000)
20Nationstar Mortgage Llc 7 14%42%
  • 160%
  • (77,000 / $48,000)
  • 181%
  • (118,000 / $65,000)

Riverside, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 626
  2. Loan Applications Denied: 154
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 352
  5. % of Loan Applications Originated 56

Riverside, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral29
Credit history25
Debt-to-income ratio16
Credit application incomplete9
Unverifiable information3

Riverside, 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 - $100,000461 5226
$100,000 - $300,000163 6518
$300,000 - $500,0002 5050

Riverside, 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 - $100,000561 5325
$100,000 - $300,00062 7216
$300,000 - $500,0002 1000
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Riverside, 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%4252 23
30 - 60%5359 11
60 - 100%10251 29
100 - 200%23554 28
200 - 300%12364 16
300 - 400%4958 22
> 400%2236 45

Riverside, 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 Dwelling595 5624
Not Owner-Occupied As A Principal Dwelling31 5825

Home Owner Property Type Statistics in Riverside, 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)623 5624
Manufactured Housing3 330
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