Top Traverse, MN Mortgage Lenders

RankTraverse Mortgage LenderTraverse Home Loans ProcessedTraverse Home Loans ApprovedTraverse Home Loans DeniedTraverse Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTraverse Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 514 70%11%
  • 220%
  • (143,000 Loan / $65,000 Income)
  • 261%
  • (162,000 Loan / $62,000 Income)
2Affinity Plus Federal Credit U 133 72%7%
  • 108%
  • (52,000 / $48,000)
  • 272%
  • (136,000 / $50,000)
3Phh Mortgage Corporation 104 93%1%
  • 202%
  • (154,000 / $76,000)
  • 386%
  • (170,000 / $44,000)
4Nicollet County Bank Of St. Pe 82 84%6%
  • 186%
  • (200,000 / $107,000)
  • 325%
  • (104,000 / $32,000)
5Wells Federal Bank 61 68%8%
  • 176%
  • (132,000 / $75,000)
  • 301%
  • (178,000 / $59,000)
6Mortgage Guaranty Insurance Co 57 71%12%
  • 257%
  • (116,000 / $45,000)
  • 295%
  • (133,000 / $45,000)
7Countrywide Bank Fsb 44 77%9%
  • 249%
  • (247,000 / $99,000)
  • 187%
  • (208,000 / $111,000)
8Agstar Financial Services 43 58%11%
  • 205%
  • (249,000 / $121,000)
  • 266%
  • (128,000 / $48,000)
9Hometown Bank 40 87%10%
  • 194%
  • (105,000 / $54,000)
  • 170%
  • (80,000 / $47,000)
10Genworth Mortgage Insurance Co 40 52%2%
  • 296%
  • (225,000 / $76,000)
  • 443%
  • (293,000 / $66,000)
11Citimortgage 40 87%0%
  • 229%
  • (195,000 / $85,000)
0
12Us Bank 38 76%5%
  • 222%
  • (89,000 / $40,000)
  • 229%
  • (110,000 / $48,000)
13Jpmorgan Chase Bank 36 80%19%
  • 256%
  • (169,000 / $66,000)
  • 295%
  • (133,000 / $45,000)
14Countrywide Home Loans 33 72%21%
  • 224%
  • (110,000 / $49,000)
  • 224%
  • (112,000 / $50,000)
15Wells Fargo Fin'l Minnesota 29 24%51%
  • 324%
  • (279,000 / $86,000)
  • 307%
  • (194,000 / $63,000)
16United Guaranty Corporation 29 89%0%
  • 248%
  • (184,000 / $74,000)
0
17Hfc Company Llc 26 11%69%
  • 195%
  • (215,000 / $110,000)
  • 283%
  • (235,000 / $83,000)
18Tcf National Bank 25 64%28%
  • 176%
  • (106,000 / $60,000)
  • 361%
  • (361,000 / $100,000)
19Citibank 24 70%12%
  • 35%
  • (28,000 / $78,000)
  • 51%
  • (40,000 / $78,000)
20Community Bank Mankato 23 100%0%
  • 207%
  • (143,000 / $69,000)
0

Traverse, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,158
  2. Loan Applications Denied: 318
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,469
  5. % of Loan Applications Originated 68

Traverse, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history8
Collateral7
Debt-to-income ratio6
Unverifiable information1
Credit application incomplete1

Traverse, 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 - $100,000483 6320
$100,000 - $300,0001,599 6913
$300,000 - $500,00073 6613
$500,000 - $1,000,0003 6633

Traverse, 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 - $100,0001,795 6515
$100,000 - $300,000349 788
$300,000 - $500,0008 1000
$500,000 - $1,000,0004 750
$1,000,000 - $1,500,0001 00
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Traverse, 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%6866 19
30 - 60%11362 25
60 - 100%13464 17
100 - 200%57174 9
200 - 300%66268 13
300 - 400%40065 15
> 400%21052 23

Traverse, 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 Dwelling2,082 6814
Not Owner-Occupied As A Principal Dwelling63 6611
Not Applicable3 033

Home Owner Property Type Statistics in Traverse, 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)1,939 6815
One To Four-Family190 734
Manufactured Housing29 2051
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