Top St. Olaf, MN Mortgage Lenders

RankSt. Olaf Mortgage LenderSt. Olaf Home Loans ProcessedSt. Olaf Home Loans ApprovedSt. Olaf Home Loans DeniedSt. Olaf Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSt. Olaf Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 321 69%14%
  • 167%
  • (176,000 Loan / $105,000 Income)
  • 198%
  • (206,000 Loan / $104,000 Income)
2Affinity Plus Federal Credit U 109 71%4%
  • 133%
  • (192,000 / $144,000)
  • 157%
  • (123,000 / $78,000)
3State Bank & Trust 99 67%17%
  • 102%
  • (200,000 / $195,000)
  • 239%
  • (67,000 / $28,000)
4Gate City Bank 99 84%7%
  • 191%
  • (180,000 / $94,000)
  • 275%
  • (80,000 / $29,000)
5Us Bank 98 76%14%
  • 202%
  • (166,000 / $82,000)
  • 241%
  • (157,000 / $65,000)
6American Federal Bank 92 77%17%
  • 155%
  • (140,000 / $90,000)
  • 236%
  • (109,000 / $46,000)
7Citimortgage 89 91%4%
  • 255%
  • (148,000 / $58,000)
  • 334%
  • (107,000 / $32,000)
8Jpmorgan Chase Bank 88 86%12%
  • 281%
  • (138,000 / $49,000)
  • 246%
  • (116,000 / $47,000)
9Bank Of The West 48 77%10%
  • 219%
  • (184,000 / $84,000)
  • 136%
  • (75,000 / $55,000)
10Midwest Bank 45 88%11%
  • 204%
  • (47,000 / $23,000)
  • 95%
  • (40,000 / $42,000)
11Mortgage Guaranty Insurance Co 33 84%3%
  • 208%
  • (204,000 / $98,000)
  • 113%
  • (206,000 / $181,000)
12Bank Of America 31 83%9%
  • 212%
  • (210,000 / $99,000)
  • 213%
  • (278,000 / $130,000)
13Merchants Bank 28 92%7%
  • 258%
  • (225,000 / $87,000)
  • 490%
  • (147,000 / $30,000)
14Countrywide Bank Fsb 27 74%22%
  • 285%
  • (200,000 / $70,000)
  • 308%
  • (216,000 / $70,000)
15Citibank 27 66%14%
  • 234%
  • (157,000 / $67,000)
  • 241%
  • (87,000 / $36,000)
16Us Bk Na Nd 26 42%46%
  • 104%
  • (45,000 / $43,000)
  • 191%
  • (140,000 / $73,000)
17Quicken Loans 20 70%25%
  • 294%
  • (156,000 / $53,000)
  • 166%
  • (300,000 / $180,000)
18Genworth Mortgage Insurance Co 19 42%5%
  • 250%
  • (100,000 / $40,000)
  • 313%
  • (207,000 / $66,000)
19Wells Fargo Funding 17 100%0% 0 0
20Embrace Home Loans, 17 17%41%
  • 284%
  • (145,000 / $51,000)
  • 252%
  • (116,000 / $46,000)

St. Olaf, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,837
  2. Loan Applications Denied: 281
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,295
  5. % of Loan Applications Originated 70

St. Olaf, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Debt-to-income ratio10
Credit history10
Credit application incomplete3
Unverifiable information2

St. Olaf, 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 - $100,000538 6717
$100,000 - $300,0001,187 7113
$300,000 - $500,000107 6414
$500,000 - $1,000,0005 4060

St. Olaf, 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 - $100,0001,352 6717
$100,000 - $300,000445 7710
$300,000 - $500,00030 793
$500,000 - $1,000,00010 1000

Loan to Income Ratios Research for Mortgage in St. Olaf, 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%7075 14
30 - 60%11880 9
60 - 100%14674 11
100 - 200%54172 13
200 - 300%53868 16
300 - 400%23667 16
> 400%18857 23

St. Olaf, 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 Dwelling1,543 6816
Not Owner-Occupied As A Principal Dwelling281 807
Not Applicable1 1000

Home Owner Property Type Statistics in St. Olaf, 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)1,696 7015
One To Four-Family85 707
Manufactured Housing56 6425
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