Top Searles, MN Mortgage Lenders

RankSearles Mortgage LenderSearles Home Loans ProcessedSearles Home Loans ApprovedSearles Home Loans DeniedSearles Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSearles Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 669 71%14%
  • 177%
  • (140,000 Loan / $79,000 Income)
  • 184%
  • (245,000 Loan / $133,000 Income)
2Us Bank 152 81%11%
  • 233%
  • (147,000 / $63,000)
  • 165%
  • (109,000 / $66,000)
3Jpmorgan Chase Bank 137 86%11%
  • 203%
  • (179,000 / $88,000)
  • 180%
  • (54,000 / $30,000)
4Bank Of America 78 76%11%
  • 272%
  • (98,000 / $36,000)
  • 297%
  • (140,000 / $47,000)
5Alliance Bank 77 84%10%
  • 150%
  • (123,000 / $82,000)
  • 281%
  • (135,000 / $48,000)
6Affinity Plus Federal Credit U 65 63%1%
  • 126%
  • (80,000 / $63,000)
  • 175%
  • (135,000 / $77,000)
7Us Bk Na Nd 60 58%30%
  • 136%
  • (56,000 / $41,000)
  • 176%
  • (88,000 / $50,000)
8State Bank & Trust 59 64%15%
  • 170%
  • (63,000 / $37,000)
  • 146%
  • (60,000 / $41,000)
9Frandsen Bank & Trust 56 82%7%
  • 213%
  • (98,000 / $46,000)
  • 320%
  • (160,000 / $50,000)
10United Prairie Bank 54 59%18%
  • 43%
  • (38,000 / $87,000)
  • 363%
  • (80,000 / $22,000)
11Wells Federal Bank 52 78%13%
  • 161%
  • (100,000 / $62,000)
  • 234%
  • (122,000 / $52,000)
12Citizens Bank Minnesota 49 87%4%
  • 108%
  • (37,000 / $34,000)
  • 362%
  • (145,000 / $40,000)
13Pine River State Bank 41 82%17%
  • 102%
  • (50,000 / $49,000)
  • 168%
  • (32,000 / $19,000)
14Quicken Loans 39 71%17%
  • 218%
  • (105,000 / $48,000)
  • 246%
  • (106,000 / $43,000)
15Wells Fargo Funding 37 94%2%
  • 158%
  • (391,000 / $246,000)
  • 100%
  • (104,000 / $103,000)
16Embrace Home Loans, 36 5%33%
  • 220%
  • (97,000 / $44,000)
  • 281%
  • (217,000 / $77,000)
17Citimortgage 31 87%3%
  • 145%
  • (83,000 / $57,000)
  • 157%
  • (205,000 / $130,000)
18Mortgage Guaranty Insurance Co 27 77%14%
  • 233%
  • (168,000 / $72,000)
  • 586%
  • (293,000 / $50,000)
19The Business Bank 24 100%0%
  • 166%
  • (133,000 / $80,000)
0
20Citibank 24 75%16%
  • 162%
  • (94,000 / $58,000)
  • 198%
  • (143,000 / $72,000)

Searles, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,523
  2. Loan Applications Denied: 364
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,810
  5. % of Loan Applications Originated 71

Searles, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information2

Searles, 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 - $100,000901 7214
$100,000 - $300,0001,522 7114
$300,000 - $500,00087 6610
$500,000 - $1,000,00010 6020
$1,000,000 - $1,500,0002 1000
> $2,000,0001 1000

Searles, 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 - $100,0001,959 7015
$100,000 - $300,000519 7511
$300,000 - $500,00016 6825
$500,000 - $1,000,00025 608
$1,000,000 - $1,500,0002 500
> $2,000,0002 050

Loan to Income Ratios Research for Mortgage in Searles, 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%9576 12
30 - 60%11770 14
60 - 100%24972 14
100 - 200%89074 12
200 - 300%64971 12
300 - 400%32671 15
> 400%19754 27

Searles, 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 Dwelling2,216 7114
Not Owner-Occupied As A Principal Dwelling292 7114
Not Applicable5 6040

Home Owner Property Type Statistics in Searles, 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)2,411 7114
One To Four-Family79 838
Manufactured Housing33 4821
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