Top Soudan, MN Mortgage Lenders

RankSoudan Mortgage LenderSoudan Home Loans ProcessedSoudan Home Loans ApprovedSoudan Home Loans DeniedSoudan Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSoudan Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 149 62%17%
  • 150%
  • (143,000 Loan / $95,000 Income)
  • 150%
  • (123,000 Loan / $82,000 Income)
2Frandsen Bank & Trust 63 84%6%
  • 161%
  • (89,000 / $55,000)
  • 187%
  • (60,000 / $32,000)
3Us Bank 44 68%25%
  • 218%
  • (120,000 / $55,000)
  • 239%
  • (170,000 / $71,000)
4American Bank Of The North 37 64%27%
  • 156%
  • (149,000 / $95,000)
  • 289%
  • (188,000 / $65,000)
5Us Bk Na Nd 31 38%45%
  • 211%
  • (150,000 / $71,000)
  • 148%
  • (113,000 / $76,000)
6Northview Bank 28 50%32%
  • 189%
  • (214,000 / $113,000)
  • 235%
  • (125,000 / $53,000)
7Bank Of America 26 46%19%
  • 223%
  • (145,000 / $65,000)
  • 234%
  • (150,000 / $64,000)
8Affinity Plus Federal Credit U 21 52%0%
  • 187%
  • (212,000 / $113,000)
0
9Jpmorgan Chase Bank 18 83%11%
  • 200%
  • (397,000 / $198,000)
  • 229%
  • (101,000 / $44,000)
10Queen City Federal Savings Ban 17 100%0%
  • 220%
  • (53,000 / $24,000)
0
11Us Bank North Dakota 16 31%43%
  • 134%
  • (220,000 / $164,000)
  • 106%
  • (160,000 / $150,000)
12Boundary Waters Bank 12 50%33%
  • 82%
  • (220,000 / $267,000)
  • 352%
  • (60,000 / $17,000)
13Quicken Loans 11 54%18%
  • 369%
  • (85,000 / $23,000)
  • 258%
  • (150,000 / $58,000)
14Bell America Mortgage Llc Dba 11 18%0%
  • 194%
  • (183,000 / $94,000)
0
15Wells Fargo Funding 7 85%14% 0
  • 495%
  • (238,000 / $48,000)
16Summit Mortgage Corporation 7 85%14%
  • 246%
  • (288,000 / $117,000)
  • 218%
  • (240,000 / $110,000)
17Phh Mortgage Corporation 7 28%42%
  • 131%
  • (208,000 / $158,000)
  • 278%
  • (184,000 / $66,000)
18Flagstar Bank 7 71%14%
  • 460%
  • (387,000 / $84,000)
  • 924%
  • (490,000 / $53,000)
19Citimortgage 7 71%14%
  • 69%
  • (187,000 / $268,000)
  • 333%
  • (120,000 / $36,000)
20Pnc Bank N.A. 6 100%0%
  • 165%
  • (157,000 / $95,000)
0

Soudan, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 721
  2. Loan Applications Denied: 151
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 435
  5. % of Loan Applications Originated 60

Soudan, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral24
Debt-to-income ratio22
Credit history11
Unverifiable information4
Credit application incomplete3

Soudan, 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 - $100,000187 6224
$100,000 - $300,000440 5919
$300,000 - $500,00082 6019
$500,000 - $1,000,0009 3333
$1,000,000 - $1,500,0002 0100
> $2,000,0001 00

Soudan, 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 - $100,000438 5624
$100,000 - $300,000230 6615
$300,000 - $500,00024 7020
$500,000 - $1,000,00025 5620
$1,000,000 - $1,500,0002 500
$1,500,000 - $2,000,0001 00
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Soudan, 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%2679 11
30 - 60%4961 24
60 - 100%10563 15
100 - 200%21067 17
200 - 300%16958 22
300 - 400%8147 22
> 400%8143 33

Soudan, 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 Dwelling438 5821
Not Owner-Occupied As A Principal Dwelling279 6220

Home Owner Property Type Statistics in Soudan, 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)692 5920
Manufactured Housing15 7326
One To Four-Family14 7814
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