Top Sigel, MN Mortgage Lenders

RankSigel Mortgage LenderSigel Home Loans ProcessedSigel Home Loans ApprovedSigel Home Loans DeniedSigel Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSigel Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 296 68%16%
  • 183%
  • (132,000 Loan / $72,000 Income)
  • 178%
  • (25,000 Loan / $14,000 Income)
2Alliance Bank 270 85%7%
  • 136%
  • (115,000 / $84,000)
  • 281%
  • (135,000 / $48,000)
3Frandsen Bank & Trust 244 95%2%
  • 175%
  • (100,000 / $57,000)
  • 266%
  • (245,000 / $92,000)
4Citizens Bank Minnesota 235 93%2%
  • 140%
  • (140,000 / $100,000)
  • 178%
  • (125,000 / $70,000)
5Mortgage Guaranty Insurance Co 51 76%5%
  • 238%
  • (129,000 / $54,000)
  • 228%
  • (151,000 / $66,000)
6Agstar Financial Services 46 56%4%
  • 218%
  • (201,000 / $92,000)
  • 435%
  • (135,000 / $31,000)
7Us Bank 40 80%10%
  • 220%
  • (161,000 / $73,000)
  • 303%
  • (182,000 / $60,000)
8United Prairie Bank 29 68%10%
  • 43%
  • (38,000 / $87,000)
  • 25%
  • (7,000 / $28,000)
9First National Bank 25 96%4%
  • 100%
  • (56,000 / $56,000)
  • 237%
  • (19,000 / $8,000)
10Jpmorgan Chase Bank 19 84%10%
  • 480%
  • (120,000 / $25,000)
  • 156%
  • (50,000 / $32,000)
11Genworth Mortgage Insurance Co 19 52%0%
  • 245%
  • (245,000 / $100,000)
0
12Wells Fargo Fin'l Minnesota 17 17%70%
  • 123%
  • (37,000 / $30,000)
  • 212%
  • (51,000 / $24,000)
13Associated Bank 16 93%6%
  • 196%
  • (206,000 / $105,000)
  • 657%
  • (125,000 / $19,000)
14Countrywide Bank Fsb 15 80%13%
  • 197%
  • (176,000 / $89,000)
  • 220%
  • (150,000 / $68,000)
15United Guaranty Corporation 13 76%0%
  • 208%
  • (140,000 / $67,000)
0
16Embrace Home Loans, 13 0%53% 0
  • 343%
  • (316,000 / $92,000)
17Citimortgage 13 69%0%
  • 268%
  • (145,000 / $54,000)
0
18Wells Federal Bank 12 25%41%
  • 181%
  • (120,000 / $66,000)
  • 253%
  • (104,000 / $41,000)
19Countrywide Home Loans 12 100%0%
  • 220%
  • (130,000 / $59,000)
0
20Bank Of America 11 63%27%
  • 81%
  • (132,000 / $161,000)
  • 79%
  • (133,000 / $167,000)

Sigel, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,730
  2. Loan Applications Denied: 216
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 1,312
  5. % of Loan Applications Originated 75

Sigel, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral8
Debt-to-income ratio7
Credit application incomplete1
Mortgage insurance denied0

Sigel, 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 - $100,000636 7513
$100,000 - $300,0001,036 7512
$300,000 - $500,00053 6511
$500,000 - $1,000,0005 800

Sigel, 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 - $100,0001,391 7314
$100,000 - $300,000304 815
$300,000 - $500,00016 8112
$500,000 - $1,000,00018 7711
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Sigel, 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%11183 8
30 - 60%13078 11
60 - 100%15573 12
100 - 200%54482 9
200 - 300%44675 11
300 - 400%22361 19
> 400%12158 22

Sigel, 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 Dwelling1,663 7512
Not Owner-Occupied As A Principal Dwelling65 769
Not Applicable2 500

Home Owner Property Type Statistics in Sigel, 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)1,585 7612
One To Four-Family103 752
Manufactured Housing42 6621
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