Top Toqua, MN Mortgage Lenders

RankToqua Mortgage LenderToqua Home Loans ProcessedToqua Home Loans ApprovedToqua Home Loans DeniedToqua Mortgage Median Loan to Income Ratio (LTR) for Approved LoansToqua Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 44 59%22%
  • 115%
  • (89,000 Loan / $77,000 Income)
  • 224%
  • (155,000 Loan / $69,000 Income)
2First Hawaiian Bank 19 100%0%
  • 52%
  • (22,000 / $42,000)
0
3First Bank & Trust 16 56%37%
  • 188%
  • (183,000 / $97,000)
  • 333%
  • (260,000 / $78,000)
4Riverwood Bank 14 57%28%
  • 210%
  • (122,000 / $58,000)
  • 675%
  • (54,000 / $8,000)
5Minnwest Mortgage Corporation 12 66%8%
  • 206%
  • (219,000 / $106,000)
  • 154%
  • (65,000 / $42,000)
6Bank Of America 12 91%8%
  • 139%
  • (145,000 / $104,000)
  • 346%
  • (52,000 / $15,000)
7Citimortgage 9 88%0%
  • 404%
  • (101,000 / $25,000)
0
8Jpmorgan Chase Bank 8 75%25%
  • 108%
  • (62,000 / $57,000)
  • 257%
  • (152,000 / $59,000)
9Affinity Plus Federal Credit U 8 62%12%
  • 138%
  • (256,000 / $185,000)
  • 61%
  • (32,000 / $52,000)
10Nationwide Advantage Mortgage 7 71%14%
  • 96%
  • (84,000 / $87,000)
  • 244%
  • (271,000 / $111,000)
11Countrywide Bank Fsb 6 100%0%
  • 145%
  • (87,000 / $60,000)
0
12Beneficial Company Llc 6 16%83%
  • 157%
  • (150,000 / $95,000)
  • 135%
  • (65,000 / $48,000)
13Quicken Loans 5 40%60%
  • 191%
  • (205,000 / $107,000)
  • 190%
  • (63,000 / $33,000)
14Great Western Bank 5 80%0%
  • 150%
  • (300,000 / $199,000)
0
15Countrywide Home Loans 5 80%20%
  • 125%
  • (183,000 / $146,000)
  • 61%
  • (50,000 / $81,000)
16Ally Bank F/K/A/ Gmac Bank 5 20%20%
  • 224%
  • (164,000 / $73,000)
  • 130%
  • (51,000 / $39,000)
17Embrace Home Loans, 4 0%25% 0
  • 771%
  • (162,000 / $21,000)
18Citibank 4 25%50% 0
  • 217%
  • (163,000 / $75,000)
19Us Bank 3 66%33%
  • 219%
  • (101,000 / $46,000)
  • 154%
  • (65,000 / $42,000)
20Dacotah Bank 3 100%0%
  • 105%
  • (60,000 / $57,000)
0

Toqua, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 262
  2. Loan Applications Denied: 58
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 167
  5. % of Loan Applications Originated 63

Toqua, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio27
Collateral27
Credit history17
Unverifiable information4
Insufficient cash (downpayment, closing costs)2

Toqua, 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 - $100,000146 6422
$100,000 - $300,000115 6121
$500,000 - $1,000,0001 1000

Toqua, 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 - $100,000210 5925
$100,000 - $300,00050 8010
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Toqua, 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%887 12
30 - 60%2070 20
60 - 100%4268 16
100 - 200%10766 19
200 - 300%5554 20
300 - 400%1136 54
> 400%1957 42

Toqua, 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 Dwelling229 6323
Not Owner-Occupied As A Principal Dwelling33 6615

Home Owner Property Type Statistics in Toqua, 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)256 6322
Manufactured Housing4 7525
One To Four-Family2 1000
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