Top Rockford, MN Mortgage Lenders

RankRockford Mortgage LenderRockford Home Loans ProcessedRockford Home Loans ApprovedRockford Home Loans DeniedRockford Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRockford Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 996 62%20%
  • 208%
  • (175,000 Loan / $84,000 Income)
  • 183%
  • (193,000 Loan / $105,000 Income)
2Jpmorgan Chase Bank 298 84%13%
  • 227%
  • (325,000 / $143,000)
  • 233%
  • (133,000 / $57,000)
3Us Bank 199 71%18%
  • 251%
  • (417,000 / $166,000)
  • 161%
  • (42,000 / $26,000)
4Countrywide Bank Fsb 175 69%20%
  • 221%
  • (217,000 / $98,000)
  • 268%
  • (252,000 / $94,000)
5Bank Of America 173 77%12%
  • 269%
  • (113,000 / $42,000)
  • 283%
  • (385,000 / $136,000)
6Citimortgage 172 76%8%
  • 258%
  • (305,000 / $118,000)
  • 213%
  • (226,000 / $106,000)
7Wells Fargo Funding 134 98%1%
  • 214%
  • (150,000 / $70,000)
  • 513%
  • (375,000 / $73,000)
8Tcf National Bank 115 32%41%
  • 217%
  • (250,000 / $115,000)
  • 336%
  • (121,000 / $36,000)
9Countrywide Home Loans 103 77%14%
  • 304%
  • (149,000 / $49,000)
  • 261%
  • (128,000 / $49,000)
10The Business Bank 100 88%9%
  • 275%
  • (193,000 / $70,000)
  • 334%
  • (355,000 / $106,000)
11Citibank 97 69%13%
  • 181%
  • (145,000 / $80,000)
  • 104%
  • (70,000 / $67,000)
12Kleinbank 95 70%11%
  • 203%
  • (132,000 / $65,000)
  • 194%
  • (204,000 / $105,000)
13Phh Home Loans 94 76%6%
  • 281%
  • (369,000 / $131,000)
  • 286%
  • (83,000 / $29,000)
14Bankwest 76 57%18%
  • 138%
  • (75,000 / $54,000)
  • 363%
  • (160,000 / $44,000)
15Bell America Mortgage Llc Dba 75 72%5%
  • 280%
  • (196,000 / $70,000)
  • 435%
  • (261,000 / $60,000)
16Us Bank North Dakota 74 22%55%
  • 202%
  • (85,000 / $42,000)
  • 239%
  • (98,000 / $41,000)
17Universal American Mtg. Co.Llc 70 80%5%
  • 288%
  • (182,000 / $63,000)
  • 334%
  • (284,000 / $85,000)
18Us Bk Na Nd 61 37%57%
  • 129%
  • (140,000 / $108,000)
  • 142%
  • (168,000 / $118,000)
19Mortgage Guaranty Insurance Co 57 68%8%
  • 303%
  • (258,000 / $85,000)
  • 321%
  • (148,000 / $46,000)
20Radian Guaranty 56 71%1%
  • 276%
  • (224,000 / $81,000)
  • 350%
  • (179,000 / $51,000)

Rockford, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,106
  2. Loan Applications Denied: 1,295
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 3,724
  5. % of Loan Applications Originated 60

Rockford, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history14
Debt-to-income ratio11
Credit application incomplete4
Unverifiable information2

Rockford, 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 - $100,0001,645 5326
$100,000 - $300,0003,564 6318
$300,000 - $500,000746 6517
$500,000 - $1,000,000138 4537
$1,000,000 - $1,500,00012 1658
$1,500,000 - $2,000,0001 0100

Rockford, 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 - $100,0004,236 5822
$100,000 - $300,0001,739 6516
$300,000 - $500,00098 5722
$500,000 - $1,000,00026 4526
$1,000,000 - $1,500,0004 2525
$1,500,000 - $2,000,0003 066

Loan to Income Ratios Research for Mortgage in Rockford, 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%23051 31
30 - 60%38156 23
60 - 100%49755 24
100 - 200%1,44462 18
200 - 300%1,71365 16
300 - 400%1,08264 19
> 400%75948 33

Rockford, 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 Dwelling5,571 6120
Not Owner-Occupied As A Principal Dwelling515 5529
Not Applicable3 660

Home Owner Property Type Statistics in Rockford, 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)5,615 6121
One To Four-Family269 684
Manufactured Housing222 3540
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