Top Royal, MN Mortgage Lenders

RankRoyal Mortgage LenderRoyal Home Loans ProcessedRoyal Home Loans ApprovedRoyal Home Loans DeniedRoyal Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRoyal Mortgage Median LTR for Denied Loans
1Bank Of The West 93 59%31%
  • 79%
  • (54,000 Loan / $68,000 Income)
  • 44%
  • (31,000 Loan / $70,000 Income)
2Wells Fargo Bank 41 70%7%
  • 148%
  • (265,000 / $178,000)
  • 217%
  • (285,000 / $131,000)
3First Bank & Trust 23 78%8%
  • 59%
  • (88,000 / $147,000)
  • 433%
  • (130,000 / $30,000)
4Genworth Mortgage Insurance Co 10 80%0%
  • 135%
  • (57,000 / $42,000)
0
5Citimortgage 10 70%20%
  • 207%
  • (210,000 / $101,000)
  • 326%
  • (163,000 / $50,000)
6Jpmorgan Chase Bank 9 55%44%
  • 83%
  • (198,000 / $237,000)
  • 204%
  • (306,000 / $150,000)
7Home Federal Bank 9 100%0%
  • 197%
  • (176,000 / $89,000)
0
8Countrywide Bank Fsb 9 66%22%
  • 196%
  • (63,000 / $32,000)
  • 485%
  • (170,000 / $35,000)
9Us Bank 7 42%14%
  • 143%
  • (280,000 / $195,000)
  • 148%
  • (148,000 / $100,000)
10Gmac Mortgage Llc 7 42%14%
  • 200%
  • (120,000 / $60,000)
  • 126%
  • (52,000 / $41,000)
11Countrywide Home Loans 7 85%14%
  • 121%
  • (68,000 / $56,000)
  • 331%
  • (169,000 / $51,000)
12United Guaranty Corporation 6 100%0%
  • 164%
  • (46,000 / $28,000)
0
13Merchants Bank 5 80%20%
  • 214%
  • (178,000 / $83,000)
  • 82%
  • (41,000 / $50,000)
14First Premier Bank 5 60%20%
  • 174%
  • (204,000 / $117,000)
  • 122%
  • (66,000 / $54,000)
15First Nlc Financial Services, 5 0%0% 0 0
16Embrace Home Loans, 5 0%60% 0
  • 136%
  • (41,000 / $30,000)
17Bank Of America 5 80%0% 0 0
18Wells Fargo Funding 4 100%0% 0 0
19Quicken Loans 4 50%50%
  • 168%
  • (101,000 / $60,000)
  • 183%
  • (88,000 / $48,000)
20Mortgage Guaranty Insurance Co 4 75%25%
  • 186%
  • (54,000 / $29,000)
  • 114%
  • (103,000 / $90,000)

Royal, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 365
  2. Loan Applications Denied: 84
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 218
  5. % of Loan Applications Originated 59

Royal, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral14
Debt-to-income ratio5
Credit application incomplete2
Unverifiable information1

Royal, 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 - $100,000237 5924
$100,000 - $300,000120 5919
$300,000 - $500,0007 2857
$500,000 - $1,000,0001 1000

Royal, 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 - $100,000292 5725
$100,000 - $300,00069 6513
$300,000 - $500,0004 7525

Loan to Income Ratios Research for Mortgage in Royal, 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%4564 24
30 - 60%3053 26
60 - 100%5557 25
100 - 200%14065 17
200 - 300%5557 21
300 - 400%1952 31
> 400%2132 42

Royal, 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 Dwelling312 5825
Not Owner-Occupied As A Principal Dwelling47 7610

Home Owner Property Type Statistics in Royal, 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)331 5823
One To Four-Family25 804
Manufactured Housing9 3344
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