Top Rushmore, MN Mortgage Lenders

RankRushmore Mortgage LenderRushmore Home Loans ProcessedRushmore Home Loans ApprovedRushmore Home Loans DeniedRushmore Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRushmore Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 857 63%16%
  • 172%
  • (290,000 Loan / $168,000 Income)
  • 160%
  • (338,000 Loan / $210,000 Income)
2Jpmorgan Chase Bank 188 84%11%
  • 235%
  • (125,000 / $53,000)
  • 172%
  • (107,000 / $62,000)
3Citimortgage 153 79%12%
  • 162%
  • (88,000 / $54,000)
  • 250%
  • (80,000 / $32,000)
4Countrywide Bank Fsb 148 72%19%
  • 195%
  • (45,000 / $23,000)
  • 224%
  • (74,000 / $33,000)
5First State Bank Of Wabasha 140 98%0%
  • 120%
  • (128,000 / $106,000)
  • 348%
  • (195,000 / $56,000)
6Us Bank 136 80%8%
  • 208%
  • (400,000 / $192,000)
  • 284%
  • (324,000 / $114,000)
7Genworth Mortgage Insurance Co 110 55%0%
  • 211%
  • (148,000 / $70,000)
0
8Beneficial Company Llc 98 6%81%
  • 234%
  • (61,000 / $26,000)
  • 207%
  • (110,000 / $53,000)
9Countrywide Home Loans 92 76%14%
  • 229%
  • (124,000 / $54,000)
  • 221%
  • (73,000 / $33,000)
10Affinity Plus Federal Credit U 91 63%4%
  • 134%
  • (133,000 / $99,000)
  • 270%
  • (81,000 / $30,000)
11Bank Of America 84 71%15%
  • 197%
  • (138,000 / $70,000)
  • 155%
  • (59,000 / $38,000)
12Mortgage Guaranty Insurance Co 76 65%9%
  • 222%
  • (151,000 / $68,000)
  • 235%
  • (158,000 / $67,000)
13Citifinancial Services Inc 70 34%42%
  • 142%
  • (40,000 / $28,000)
  • 144%
  • (101,000 / $70,000)
14Agstar Financial Services 70 57%10%
  • 192%
  • (123,000 / $64,000)
  • 312%
  • (125,000 / $40,000)
15Wells Fargo Funding 57 98%0%
  • 348%
  • (108,000 / $31,000)
0
16Embrace Home Loans, 57 8%54%
  • 236%
  • (149,000 / $63,000)
  • 227%
  • (150,000 / $66,000)
17United Guaranty Corporation 56 80%0%
  • 235%
  • (257,000 / $109,000)
0
18Us Bank North Dakota 53 33%47%
  • 125%
  • (34,000 / $27,000)
  • 183%
  • (136,000 / $74,000)
19Wells Fargo Fin'l Minnesota 51 23%37%
  • 219%
  • (134,000 / $61,000)
  • 181%
  • (40,000 / $22,000)
20Radian Guaranty 51 78%3%
  • 212%
  • (185,000 / $87,000)
  • 293%
  • (132,000 / $45,000)

Rushmore, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,830
  2. Loan Applications Denied: 912
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 3,068
  5. % of Loan Applications Originated 63

Rushmore, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral10
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Rushmore, 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 - $100,0002,070 5922
$100,000 - $300,0002,377 6416
$300,000 - $500,000352 7112
$500,000 - $1,000,00023 6526
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0006 1650
> $2,000,0001 1000

Rushmore, 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 - $100,0003,788 5921
$100,000 - $300,000948 7510
$300,000 - $500,00066 7910
$500,000 - $1,000,00019 5210
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0005 8020
> $2,000,0003 3333

Loan to Income Ratios Research for Mortgage in Rushmore, 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%21667 18
30 - 60%29358 23
60 - 100%50266 18
100 - 200%1,52066 16
200 - 300%1,27163 16
300 - 400%61860 21
> 400%41050 29

Rushmore, 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 Dwelling4,373 6219
Not Owner-Occupied As A Principal Dwelling417 7313
Not Applicable8 750

Home Owner Property Type Statistics in Rushmore, 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)4,316 6319
One To Four-Family387 703
Manufactured Housing127 5229
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