Top Ronneby, MN Mortgage Lenders

RankRonneby Mortgage LenderRonneby Home Loans ProcessedRonneby Home Loans ApprovedRonneby Home Loans DeniedRonneby Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRonneby Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,014 67%16%
  • 200%
  • (96,000 Loan / $48,000 Income)
  • 159%
  • (70,000 Loan / $44,000 Income)
2Altra Federal Credit Union 496 83%2%
  • 183%
  • (97,000 / $53,000)
  • 317%
  • (108,000 / $34,000)
3Merchants Bank 469 82%5%
  • 175%
  • (261,000 / $149,000)
  • 212%
  • (153,000 / $72,000)
4Gate City Bank 366 81%8%
  • 138%
  • (101,000 / $73,000)
  • 164%
  • (105,000 / $64,000)
5State Bank & Trust 223 75%11%
  • 100%
  • (24,000 / $24,000)
  • 158%
  • (119,000 / $75,000)
6Jpmorgan Chase Bank 205 80%16%
  • 255%
  • (74,000 / $29,000)
  • 256%
  • (77,000 / $30,000)
7Frandsen Bank & Trust 205 77%17%
  • 137%
  • (136,000 / $99,000)
  • 214%
  • (73,000 / $34,000)
8Citimortgage 194 82%8%
  • 200%
  • (60,000 / $30,000)
  • 259%
  • (285,000 / $110,000)
9Us Bank 185 74%14%
  • 244%
  • (105,000 / $43,000)
  • 231%
  • (252,000 / $109,000)
10Mortgage Guaranty Insurance Co 183 79%7%
  • 244%
  • (120,000 / $49,000)
  • 224%
  • (74,000 / $33,000)
11Home Federal Savings Bank 146 73%10%
  • 177%
  • (128,000 / $72,000)
  • 115%
  • (105,000 / $91,000)
12Associated Bank 132 73%12%
  • 200%
  • (82,000 / $41,000)
  • 104%
  • (170,000 / $163,000)
13Alerus Financial 132 86%6%
  • 162%
  • (47,000 / $29,000)
  • 173%
  • (52,000 / $30,000)
14Liberty Savings Bank Fsb 123 84%9%
  • 240%
  • (200,000 / $83,000)
  • 317%
  • (178,000 / $56,000)
15American Federal Bank 113 77%12%
  • 194%
  • (167,000 / $86,000)
  • 193%
  • (145,000 / $75,000)
16Affinity Plus Federal Credit U 111 68%7%
  • 118%
  • (76,000 / $64,000)
  • 258%
  • (155,000 / $60,000)
17Bank Of America 110 81%8%
  • 230%
  • (97,000 / $42,000)
  • 312%
  • (122,000 / $39,000)
18United Guaranty Corporation 105 85%6%
  • 253%
  • (167,000 / $66,000)
  • 227%
  • (75,000 / $33,000)
19Us Bank North Dakota 103 41%43%
  • 139%
  • (96,000 / $69,000)
  • 133%
  • (120,000 / $90,000)
20Community Bank Of The Rrv 91 87%9%
  • 145%
  • (122,000 / $84,000)
  • 184%
  • (105,000 / $57,000)

Ronneby, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,204
  2. Loan Applications Denied: 1,211
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 5,785
  5. % of Loan Applications Originated 70

Ronneby, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Debt-to-income ratio9
Collateral8
Credit application incomplete2
Unverifiable information1

Ronneby, 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 - $100,0003,017 7115
$100,000 - $300,0005,001 6914
$300,000 - $500,000163 6514
$500,000 - $1,000,00022 4040
$1,000,000 - $1,500,0001 1000

Ronneby, 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 - $100,0006,947 6915
$100,000 - $300,0001,206 7310
$300,000 - $500,00031 766
$500,000 - $1,000,00013 3038
$1,000,000 - $1,500,0005 200
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Ronneby, 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%48471 17
30 - 60%54270 16
60 - 100%62175 12
100 - 200%2,38471 12
200 - 300%2,35572 13
300 - 400%1,24364 17
> 400%57558 23

Ronneby, 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 Dwelling7,933 7014
Not Owner-Occupied As A Principal Dwelling250 7713
Not Applicable7 1000

Home Owner Property Type Statistics in Ronneby, 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)7,493 7015
One To Four-Family575 794
Manufactured Housing136 4740
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