Top Underwood, MN Mortgage Lenders

RankUnderwood Mortgage LenderUnderwood Home Loans ProcessedUnderwood Home Loans ApprovedUnderwood Home Loans DeniedUnderwood Mortgage Median Loan to Income Ratio (LTR) for Approved LoansUnderwood Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 237 61%18%
  • 169%
  • (207,000 Loan / $122,000 Income)
  • 132%
  • (70,000 Loan / $53,000 Income)
2Affinity Plus Federal Credit U 125 71%8%
  • 111%
  • (57,000 / $51,000)
  • 197%
  • (67,000 / $34,000)
3Us Bank 50 74%18%
  • 230%
  • (120,000 / $52,000)
  • 229%
  • (101,000 / $44,000)
4Jpmorgan Chase Bank 46 76%17%
  • 203%
  • (61,000 / $30,000)
  • 231%
  • (153,000 / $66,000)
5Gate City Bank 43 83%4%
  • 160%
  • (88,000 / $55,000)
  • 291%
  • (67,000 / $23,000)
6American Federal Bank 43 86%11%
  • 164%
  • (89,000 / $54,000)
  • 338%
  • (322,000 / $95,000)
7Citimortgage 40 75%2%
  • 197%
  • (97,000 / $49,000)
  • 230%
  • (69,000 / $30,000)
8State Bank & Trust 36 80%5%
  • 85%
  • (165,000 / $194,000)
  • 173%
  • (263,000 / $152,000)
9Countrywide Bank Fsb 34 52%26%
  • 217%
  • (148,000 / $68,000)
  • 233%
  • (70,000 / $30,000)
10Merchants Bank 27 96%0%
  • 233%
  • (285,000 / $122,000)
0
11Bank Of America 27 59%29%
  • 200%
  • (52,000 / $26,000)
  • 197%
  • (170,000 / $86,000)
12Genworth Mortgage Insurance Co 24 20%4%
  • 171%
  • (67,000 / $39,000)
  • 273%
  • (238,000 / $87,000)
13Embrace Home Loans, 20 0%55% 0
  • 417%
  • (417,000 / $100,000)
14Wells Fargo Funding 16 100%0% 0 0
15Citibank 16 50%18%
  • 162%
  • (153,000 / $94,000)
  • 80%
  • (40,000 / $50,000)
16Mortgage Guaranty Insurance Co 15 66%0%
  • 235%
  • (94,000 / $40,000)
0
17Countrywide Home Loans 15 93%6%
  • 302%
  • (290,000 / $96,000)
  • 323%
  • (139,000 / $43,000)
18Bank Of The West 15 80%13%
  • 300%
  • (337,000 / $112,000)
  • 495%
  • (99,000 / $20,000)
19Us Bk Na Nd 12 33%50%
  • 150%
  • (86,000 / $57,000)
  • 201%
  • (141,000 / $70,000)
20Quicken Loans 12 58%33%
  • 196%
  • (122,000 / $62,000)
  • 355%
  • (153,000 / $43,000)

Underwood, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,236
  2. Loan Applications Denied: 212
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 788
  5. % of Loan Applications Originated 63

Underwood, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral11
Debt-to-income ratio9
Unverifiable information2
Insufficient cash (downpayment, closing costs)1

Underwood, 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 - $100,000468 5621
$100,000 - $300,000660 6715
$300,000 - $500,00099 729
$500,000 - $1,000,0009 3322

Underwood, 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 - $100,000906 5819
$100,000 - $300,000290 739
$300,000 - $500,00030 7616
$500,000 - $1,000,0006 830
$1,000,000 - $1,500,0003 660
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Underwood, 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%5265 19
30 - 60%8371 15
60 - 100%13958 20
100 - 200%37368 13
200 - 300%30859 17
300 - 400%17760 16
> 400%10457 25

Underwood, 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 Dwelling905 6018
Not Owner-Occupied As A Principal Dwelling313 7215
Not Applicable3 6633

Home Owner Property Type Statistics in Underwood, 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)1,088 6516
Manufactured Housing77 4636
One To Four-Family71 561
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