Top Riverton, MN Mortgage Lenders

RankRiverton Mortgage LenderRiverton Home Loans ProcessedRiverton Home Loans ApprovedRiverton Home Loans DeniedRiverton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRiverton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 673 68%13%
  • 180%
  • (144,000 Loan / $80,000 Income)
  • 167%
  • (286,000 Loan / $171,000 Income)
2State Bank & Trust 311 66%17%
  • 132%
  • (85,000 / $64,000)
  • 185%
  • (119,000 / $64,000)
3First National Bank 182 68%17%
  • 138%
  • (65,000 / $47,000)
  • 200%
  • (24,000 / $12,000)
4Gate City Bank 168 73%9%
  • 172%
  • (241,000 / $140,000)
  • 229%
  • (101,000 / $44,000)
5Citimortgage 165 90%1%
  • 194%
  • (140,000 / $72,000)
  • 323%
  • (194,000 / $60,000)
6Northwestern Bank 162 91%3%
  • 86%
  • (62,000 / $72,000)
  • 111%
  • (75,000 / $67,000)
7Jpmorgan Chase Bank 158 91%6%
  • 187%
  • (73,000 / $39,000)
  • 286%
  • (123,000 / $43,000)
8Midwest Bank 156 87%8%
  • 148%
  • (92,000 / $62,000)
  • 320%
  • (77,000 / $24,000)
9State Bank Of Hawley 123 93%5%
  • 80%
  • (78,000 / $97,000)
  • 100%
  • (30,000 / $30,000)
10Cornerstone Bank 117 78%3%
  • 195%
  • (139,000 / $71,000)
  • 260%
  • (216,000 / $83,000)
11Bremer Bank Na (Fargo) 108 75%6%
  • 184%
  • (122,000 / $66,000)
  • 59%
  • (100,000 / $167,000)
12Us Bank 93 80%12%
  • 224%
  • (101,000 / $45,000)
  • 185%
  • (124,000 / $67,000)
13Town And Country Credit Union 78 82%7%
  • 181%
  • (134,000 / $74,000)
  • 192%
  • (150,000 / $78,000)
14Bank Of America 73 82%8%
  • 206%
  • (124,000 / $60,000)
  • 183%
  • (114,000 / $62,000)
15Affinity Plus Federal Credit U 67 77%2%
  • 95%
  • (65,000 / $68,000)
  • 68%
  • (32,000 / $47,000)
16Mortgage Guaranty Insurance Co 64 81%4%
  • 226%
  • (163,000 / $72,000)
  • 275%
  • (160,000 / $58,000)
17Wells Fargo Funding 62 98%0%
  • 181%
  • (229,000 / $126,000)
0
18Wealthbridge Mortgage Corp. 57 82%5%
  • 177%
  • (110,000 / $62,000)
  • 197%
  • (225,000 / $114,000)
19Countrywide Bank Fsb 52 73%19%
  • 190%
  • (63,000 / $33,000)
  • 257%
  • (175,000 / $68,000)
20First International Bank & Tru 51 64%13%
  • 222%
  • (80,000 / $36,000)
  • 193%
  • (312,000 / $161,000)

Riverton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,126
  2. Loan Applications Denied: 536
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 2,961
  5. % of Loan Applications Originated 71

Riverton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral9
Debt-to-income ratio8
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Riverton, 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 - $100,0001,650 7015
$100,000 - $300,0002,363 7211
$300,000 - $500,000113 7110

Riverton, 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 - $100,0003,335 6913
$100,000 - $300,000761 769
$300,000 - $500,00017 930
$500,000 - $1,000,0007 570
$1,000,000 - $1,500,0004 5025
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Riverton, 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%24978 14
30 - 60%27973 12
60 - 100%36971 13
100 - 200%1,44274 11
200 - 300%1,09770 11
300 - 400%47267 14
> 400%21856 23

Riverton, 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 Dwelling4,012 7112
Not Owner-Occupied As A Principal Dwelling111 6315
Not Applicable1 1000

Home Owner Property Type Statistics in Riverton, 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)3,823 7113
One To Four-Family209 763
Manufactured Housing94 7120
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