Top Rush City, MN Mortgage Lenders

RankRush City Mortgage LenderRush City Home Loans ProcessedRush City Home Loans ApprovedRush City Home Loans DeniedRush City Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRush City Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,256 64%17%
  • 215%
  • (170,000 Loan / $79,000 Income)
  • 202%
  • (273,000 Loan / $135,000 Income)
2Jpmorgan Chase Bank 335 82%14%
  • 218%
  • (166,000 / $76,000)
  • 218%
  • (105,000 / $48,000)
3Us Bank 319 77%14%
  • 251%
  • (78,000 / $31,000)
  • 296%
  • (172,000 / $58,000)
4Citimortgage 220 78%10%
  • 222%
  • (107,000 / $48,000)
  • 288%
  • (205,000 / $71,000)
5Affinity Plus Federal Credit U 214 68%3%
  • 135%
  • (148,000 / $109,000)
  • 342%
  • (178,000 / $52,000)
6Countrywide Bank Fsb 181 69%17%
  • 234%
  • (171,000 / $73,000)
  • 306%
  • (254,000 / $83,000)
7Bank Of America 177 69%16%
  • 281%
  • (104,000 / $37,000)
  • 332%
  • (249,000 / $75,000)
8Tcf National Bank 160 38%38%
  • 121%
  • (68,000 / $56,000)
  • 309%
  • (158,000 / $51,000)
9Associated Bank 148 54%26%
  • 147%
  • (65,000 / $44,000)
  • 125%
  • (35,000 / $28,000)
10Unity Bank 144 76%15%
  • 147%
  • (146,000 / $99,000)
  • 351%
  • (197,000 / $56,000)
11Wells Fargo Funding 137 98%1%
  • 296%
  • (154,000 / $52,000)
  • 411%
  • (140,000 / $34,000)
12Countrywide Home Loans 123 72%18%
  • 263%
  • (108,000 / $41,000)
  • 289%
  • (313,000 / $108,000)
13Citibank 121 72%12%
  • 220%
  • (183,000 / $83,000)
  • 103%
  • (194,000 / $187,000)
14Us Bk Na Nd 101 34%51%
  • 101%
  • (75,000 / $74,000)
  • 144%
  • (55,000 / $38,000)
15Lake State Federal Credit Unio 101 18%29%
  • 79%
  • (64,000 / $81,000)
  • 287%
  • (89,000 / $31,000)
16Minnco Credit Union 93 27%26%
  • 226%
  • (190,000 / $84,000)
  • 320%
  • (48,000 / $15,000)
17Phh Home Loans 92 82%5%
  • 232%
  • (337,000 / $145,000)
  • 272%
  • (166,000 / $61,000)
18Mortgage Guaranty Insurance Co 90 75%10%
  • 306%
  • (150,000 / $49,000)
  • 392%
  • (161,000 / $41,000)
19Bell America Mortgage Llc Dba 88 73%2%
  • 305%
  • (165,000 / $54,000)
  • 465%
  • (177,000 / $38,000)
20The Business Bank 84 90%2%
  • 267%
  • (214,000 / $80,000)
  • 383%
  • (165,000 / $43,000)

Rush City, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,670
  2. Loan Applications Denied: 1,436
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 4,822
  5. % of Loan Applications Originated 62

Rush City, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history10
Credit application incomplete3
Unverifiable information2

Rush City, 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 - $100,0001,911 6020
$100,000 - $300,0005,447 6317
$300,000 - $500,000300 5123
$500,000 - $1,000,00010 4060
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0001 1000

Rush City, 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 - $100,0006,230 6119
$100,000 - $300,0001,395 6616
$300,000 - $500,00031 4135
$500,000 - $1,000,00011 6327
$1,000,000 - $1,500,0002 1000
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Rush City, 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%27559 25
30 - 60%36360 22
60 - 100%52564 16
100 - 200%1,78466 15
200 - 300%2,22165 15
300 - 400%1,52061 18
> 400%98250 30

Rush City, 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 Dwelling7,122 6218
Not Owner-Occupied As A Principal Dwelling513 6319
Not Applicable1 1000

Home Owner Property Type Statistics in Rush City, 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)7,144 6219
One To Four-Family415 774
Manufactured Housing111 4441
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