Top Sullivan, MN Mortgage Lenders

RankSullivan Mortgage LenderSullivan Home Loans ProcessedSullivan Home Loans ApprovedSullivan Home Loans DeniedSullivan Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSullivan Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 303 66%18%
  • 201%
  • (127,000 Loan / $63,000 Income)
  • 179%
  • (192,000 Loan / $107,000 Income)
2Gate City Bank 205 78%7%
  • 147%
  • (109,000 / $74,000)
  • 200%
  • (100,000 / $50,000)
3Bremer Bank Na (Grand Forks) 199 86%3%
  • 154%
  • (74,000 / $48,000)
  • 97%
  • (35,000 / $36,000)
4Alerus Financial 176 90%4%
  • 145%
  • (108,000 / $74,000)
  • 187%
  • (103,000 / $55,000)
5Community Bank Of The Rrv 172 86%12%
  • 135%
  • (88,000 / $65,000)
  • 257%
  • (54,000 / $21,000)
6American Federal Bank 148 83%9%
  • 168%
  • (150,000 / $89,000)
  • 186%
  • (121,000 / $65,000)
7Frandsen Bank & Trust 128 87%6%
  • 153%
  • (132,000 / $86,000)
  • 316%
  • (133,000 / $42,000)
8Mortgage Guaranty Insurance Co 85 92%4%
  • 219%
  • (259,000 / $118,000)
  • 110%
  • (106,000 / $96,000)
9Jpmorgan Chase Bank 82 81%17%
  • 168%
  • (103,000 / $61,000)
  • 164%
  • (148,000 / $90,000)
10Us Bank 75 66%18%
  • 209%
  • (128,000 / $61,000)
  • 183%
  • (55,000 / $30,000)
11Bank Of America 69 72%10%
  • 251%
  • (108,000 / $43,000)
  • 192%
  • (100,000 / $52,000)
12Citimortgage 68 95%1%
  • 125%
  • (40,000 / $32,000)
  • 232%
  • (121,000 / $52,000)
13Us Bank North Dakota 51 58%27%
  • 139%
  • (96,000 / $69,000)
  • 156%
  • (78,000 / $50,000)
14Us Bk Na Nd 41 58%29%
  • 130%
  • (110,000 / $84,000)
  • 157%
  • (126,000 / $80,000)
15United Guaranty Corporation 37 86%2%
  • 250%
  • (95,000 / $38,000)
  • 110%
  • (106,000 / $96,000)
16Countrywide Bank Fsb 36 77%13%
  • 194%
  • (140,000 / $72,000)
  • 225%
  • (99,000 / $44,000)
17Countrywide Home Loans 34 88%5%
  • 149%
  • (118,000 / $79,000)
  • 400%
  • (224,000 / $56,000)
18Citibank 33 75%9%
  • 142%
  • (114,000 / $80,000)
  • 90%
  • (150,000 / $165,000)
19Embrace Home Loans, 29 3%41%
  • 321%
  • (122,000 / $38,000)
  • 243%
  • (146,000 / $60,000)
20Quicken Loans 24 58%29%
  • 196%
  • (118,000 / $60,000)
  • 364%
  • (226,000 / $62,000)

Sullivan, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,555
  2. Loan Applications Denied: 353
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 1,895
  5. % of Loan Applications Originated 74

Sullivan, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Debt-to-income ratio8
Collateral8
Unverifiable information1
Employment history1

Sullivan, 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 - $100,0001,044 7315
$100,000 - $300,0001,476 7412
$300,000 - $500,00032 5221
$500,000 - $1,000,0003 6633

Sullivan, 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 - $100,0002,168 7314
$100,000 - $300,000374 797
$300,000 - $500,0007 7114
$500,000 - $1,000,0005 4020
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Sullivan, 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%15078 16
30 - 60%17576 12
60 - 100%21576 10
100 - 200%88972 13
200 - 300%70878 10
300 - 400%29466 19
> 400%12458 26

Sullivan, 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 Dwelling2,466 7413
Not Owner-Occupied As A Principal Dwelling84 7810
Not Applicable1 1000

Home Owner Property Type Statistics in Sullivan, 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)2,336 7314
One To Four-Family178 873
Manufactured Housing41 6326
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