Top Split Rock, MN Mortgage Lenders

RankSplit Rock Mortgage LenderSplit Rock Home Loans ProcessedSplit Rock Home Loans ApprovedSplit Rock Home Loans DeniedSplit Rock Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSplit Rock Mortgage Median LTR for Denied Loans
1Northview Bank 98 60%21%
  • 142%
  • (84,000 Loan / $59,000 Income)
  • 164%
  • (150,000 Loan / $91,000 Income)
2Wells Fargo Bank 80 45%27%
  • 155%
  • (73,000 / $47,000)
  • 152%
  • (70,000 / $46,000)
3Lake State Federal Credit Unio 46 36%15%
  • 248%
  • (112,000 / $45,000)
  • 298%
  • (185,000 / $62,000)
4Phh Mortgage Corporation 38 84%0%
  • 256%
  • (164,000 / $64,000)
0
5Countrywide Bank Fsb 30 76%10%
  • 182%
  • (62,000 / $34,000)
  • 289%
  • (197,000 / $68,000)
6Jpmorgan Chase Bank 24 66%29%
  • 303%
  • (182,000 / $60,000)
  • 261%
  • (136,000 / $52,000)
7Agstar Financial Services 24 45%12%
  • 217%
  • (122,000 / $56,000)
  • 343%
  • (361,000 / $105,000)
8Woodlands National Bank 22 45%36%
  • 308%
  • (216,000 / $70,000)
  • 568%
  • (233,000 / $41,000)
9Members Cooperative Credit Uni 20 80%15%
  • 114%
  • (80,000 / $70,000)
  • 304%
  • (64,000 / $21,000)
10Countrywide Home Loans 20 65%25%
  • 217%
  • (178,000 / $82,000)
  • 202%
  • (99,000 / $49,000)
11Mortgage Guaranty Insurance Co 19 84%5%
  • 325%
  • (251,000 / $77,000)
  • 266%
  • (40,000 / $15,000)
12Us Bank 17 88%11%
  • 283%
  • (105,000 / $37,000)
  • 410%
  • (160,000 / $39,000)
13Flagstar Bank 15 80%6%
  • 261%
  • (128,000 / $49,000)
  • 174%
  • (68,000 / $39,000)
14Citimortgage 15 86%13%
  • 185%
  • (195,000 / $105,000)
  • 256%
  • (131,000 / $51,000)
15Beneficial Company Llc 15 6%80%
  • 35%
  • (37,000 / $104,000)
  • 198%
  • (119,000 / $60,000)
16Fnb Moose Lake 14 57%21%
  • 185%
  • (128,000 / $69,000)
  • 205%
  • (70,000 / $34,000)
17Bank Of America 14 64%35%
  • 204%
  • (151,000 / $74,000)
  • 162%
  • (65,000 / $40,000)
18Towne Mortgage Company 13 92%0%
  • 228%
  • (80,000 / $35,000)
0
19Affinity Plus Federal Credit U 13 84%0%
  • 160%
  • (164,000 / $102,000)
0
20Us Bank North Dakota 12 25%58%
  • 228%
  • (96,000 / $42,000)
  • 94%
  • (85,000 / $90,000)

Split Rock, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 848
  2. Loan Applications Denied: 188
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 493
  5. % of Loan Applications Originated 58

Split Rock, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Debt-to-income ratio11
Collateral11
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Split Rock, 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 - $100,000317 5524
$100,000 - $300,000514 5920
$300,000 - $500,00015 5220
$500,000 - $1,000,0002 500

Split Rock, 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 - $100,000720 5623
$100,000 - $300,000125 6114
$300,000 - $500,0002 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Split Rock, 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%3348 33
30 - 60%5453 24
60 - 100%7562 20
100 - 200%19957 21
200 - 300%24660 18
300 - 400%13460 20
> 400%10750 30

Split Rock, 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 Dwelling725 5622
Not Owner-Occupied As A Principal Dwelling115 6420
Not Applicable2 5050

Home Owner Property Type Statistics in Split Rock, 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)740 5623
Manufactured Housing56 5823
One To Four-Family52 765
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