Top Virginia, MN Mortgage Lenders

RankVirginia Mortgage LenderVirginia Home Loans ProcessedVirginia Home Loans ApprovedVirginia Home Loans DeniedVirginia Mortgage Median Loan to Income Ratio (LTR) for Approved LoansVirginia Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 781 60%19%
  • 141%
  • (34,000 Loan / $24,000 Income)
  • 123%
  • (74,000 Loan / $60,000 Income)
2American Bank Of The North 305 79%14%
  • 104%
  • (75,000 / $72,000)
  • 174%
  • (54,000 / $31,000)
3Us Bank North Dakota 143 38%50%
  • 105%
  • (84,000 / $80,000)
  • 175%
  • (93,000 / $53,000)
4Us Bank 116 81%12%
  • 163%
  • (49,000 / $30,000)
  • 128%
  • (85,000 / $66,000)
5Bank Of America 116 77%12%
  • 166%
  • (90,000 / $54,000)
  • 185%
  • (78,000 / $42,000)
6Queen City Federal Savings Ban 110 94%4%
  • 100%
  • (32,000 / $32,000)
  • 208%
  • (50,000 / $24,000)
7Miners National Bank 110 73%13%
  • 64%
  • (31,000 / $48,000)
  • 131%
  • (122,000 / $93,000)
8Jpmorgan Chase Bank 96 80%17%
  • 187%
  • (58,000 / $31,000)
  • 126%
  • (82,000 / $65,000)
9Us Bk Na Nd 94 32%54%
  • 93%
  • (60,000 / $64,000)
  • 121%
  • (34,000 / $28,000)
10Citimortgage 83 85%3%
  • 166%
  • (80,000 / $48,000)
  • 195%
  • (117,000 / $60,000)
11Citifinancial Services Inc 83 26%50%
  • 215%
  • (112,000 / $52,000)
  • 176%
  • (74,000 / $42,000)
12Countrywide Bank Fsb 76 72%15%
  • 186%
  • (168,000 / $90,000)
  • 213%
  • (64,000 / $30,000)
13Wells Fargo Fin'l Minnesota 61 11%55%
  • 273%
  • (126,000 / $46,000)
  • 181%
  • (120,000 / $66,000)
14Embrace Home Loans, 58 8%44%
  • 151%
  • (59,000 / $39,000)
  • 160%
  • (104,000 / $65,000)
15Freedom Mortgage Corp. 55 63%10%
  • 231%
  • (139,000 / $60,000)
  • 191%
  • (92,000 / $48,000)
16Affinity Plus Federal Credit U 55 69%9%
  • 88%
  • (45,000 / $51,000)
  • 186%
  • (110,000 / $59,000)
17Mortgage Guaranty Insurance Co 54 79%11%
  • 207%
  • (143,000 / $69,000)
  • 324%
  • (120,000 / $37,000)
18Northern State Bank Of Virgini 49 81%16%
  • 90%
  • (76,000 / $84,000)
  • 240%
  • (53,000 / $22,000)
19Prime Lending 48 81%8%
  • 200%
  • (88,000 / $44,000)
  • 365%
  • (150,000 / $41,000)
20Phh Mortgage Corporation 48 72%4%
  • 153%
  • (135,000 / $88,000)
  • 220%
  • (53,000 / $24,000)

Virginia, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,780
  2. Loan Applications Denied: 760
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,391
  5. % of Loan Applications Originated 63

Virginia, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Virginia, 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 - $100,0002,784 6221
$100,000 - $300,000979 6317
$300,000 - $500,00015 930
$500,000 - $1,000,0002 050

Virginia, 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 - $100,0003,362 6220
$100,000 - $300,000401 6216
$300,000 - $500,00016 6212
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Virginia, 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%22458 20
30 - 60%31457 18
60 - 100%55864 21
100 - 200%1,51163 19
200 - 300%75465 18
300 - 400%29864 22
> 400%12145 31

Virginia, 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 Dwelling3,512 6320
Not Owner-Occupied As A Principal Dwelling250 6421
Not Applicable4 7525

Home Owner Property Type Statistics in Virginia, 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)3,486 6221
One To Four-Family256 773
Manufactured Housing38 5528
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