Top Solem, MN Mortgage Lenders

RankSolem Mortgage LenderSolem Home Loans ProcessedSolem Home Loans ApprovedSolem Home Loans DeniedSolem Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSolem Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 302 74%10%
  • 201%
  • (226,000 Loan / $112,000 Income)
  • 230%
  • (184,000 Loan / $80,000 Income)
2Jpmorgan Chase Bank 173 87%12%
  • 256%
  • (141,000 / $55,000)
  • 234%
  • (162,000 / $69,000)
3Citimortgage 96 94%4%
  • 233%
  • (240,000 / $103,000)
  • 508%
  • (127,000 / $25,000)
4Countrywide Bank Fsb 87 73%17%
  • 204%
  • (278,000 / $136,000)
  • 257%
  • (67,000 / $26,000)
5State Bank & Trust 60 73%10%
  • 97%
  • (47,000 / $48,000)
  • 309%
  • (297,000 / $96,000)
6Citibank 51 74%11%
  • 122%
  • (262,000 / $214,000)
  • 251%
  • (108,000 / $43,000)
7Us Bank 48 85%8%
  • 198%
  • (157,000 / $79,000)
  • 255%
  • (143,000 / $56,000)
8Countrywide Home Loans 42 80%11%
  • 259%
  • (166,000 / $64,000)
  • 208%
  • (204,000 / $98,000)
9Bank Of America 36 66%16%
  • 180%
  • (130,000 / $72,000)
  • 255%
  • (69,000 / $27,000)
10Affinity Plus Federal Credit U 25 56%4%
  • 121%
  • (144,000 / $119,000)
  • 25%
  • (19,000 / $74,000)
11Washington Mutual Bank 23 78%17%
  • 252%
  • (184,000 / $73,000)
  • 323%
  • (417,000 / $129,000)
12Mortgage Guaranty Insurance Co 23 52%8%
  • 191%
  • (153,000 / $80,000)
  • 458%
  • (371,000 / $81,000)
13Genworth Mortgage Insurance Co 23 65%0%
  • 300%
  • (261,000 / $87,000)
0
14Us Bank North Dakota 19 26%42%
  • 125%
  • (75,000 / $60,000)
  • 113%
  • (95,000 / $84,000)
15Quicken Loans 18 50%38%
  • 292%
  • (76,000 / $26,000)
  • 320%
  • (205,000 / $64,000)
16Citifinancial Services Inc 18 22%27%
  • 344%
  • (179,000 / $52,000)
  • 83%
  • (40,000 / $48,000)
17Merchants Bank 17 94%0%
  • 212%
  • (66,000 / $31,000)
0
18Us Bk Na Nd 15 53%40%
  • 142%
  • (40,000 / $28,000)
  • 122%
  • (44,000 / $36,000)
19Beneficial Company Llc 14 0%92% 0
  • 212%
  • (215,000 / $101,000)
20Amerisave Mortgage Corporation 13 53%15%
  • 201%
  • (161,000 / $80,000)
  • 333%
  • (140,000 / $42,000)

Solem, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,656
  2. Loan Applications Denied: 263
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,136
  5. % of Loan Applications Originated 68

Solem, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio12
Credit history8
Credit application incomplete5
Unverifiable information3

Solem, 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 - $100,000427 6518
$100,000 - $300,0001,083 6815
$300,000 - $500,000138 7313
$500,000 - $1,000,0008 6237

Solem, 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 - $100,0001,205 6517
$100,000 - $300,000423 7411
$300,000 - $500,00022 819
$500,000 - $1,000,0006 830

Loan to Income Ratios Research for Mortgage in Solem, 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%4163 29
30 - 60%7869 15
60 - 100%13461 15
100 - 200%49777 11
200 - 300%43669 14
300 - 400%26664 16
> 400%20455 25

Solem, 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 Dwelling1,383 6716
Not Owner-Occupied As A Principal Dwelling254 7314
Not Applicable4 750

Home Owner Property Type Statistics in Solem, 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)1,554 6816
One To Four-Family73 642
Manufactured Housing29 6224
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