Top Wabanica, MN Mortgage Lenders

RankWabanica Mortgage LenderWabanica Home Loans ProcessedWabanica Home Loans ApprovedWabanica Home Loans DeniedWabanica Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWabanica Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 162 54%29%
  • 163%
  • (85,000 Loan / $52,000 Income)
  • 135%
  • (108,000 Loan / $80,000 Income)
2Merchants Bank 35 97%2%
  • 164%
  • (168,000 / $102,000)
  • 240%
  • (171,000 / $71,000)
3Us Bank 34 64%26%
  • 244%
  • (110,000 / $45,000)
  • 279%
  • (95,000 / $34,000)
4Countrywide Bank Fsb 26 53%23%
  • 288%
  • (101,000 / $35,000)
  • 306%
  • (135,000 / $44,000)
5Countrywide Home Loans 21 57%33%
  • 375%
  • (240,000 / $64,000)
  • 94%
  • (116,000 / $123,000)
6Citimortgage 19 68%15%
  • 232%
  • (86,000 / $37,000)
  • 262%
  • (118,000 / $45,000)
7Jpmorgan Chase Bank 17 94%0%
  • 202%
  • (166,000 / $82,000)
0
8Beneficial Company Llc 13 7%84%
  • 19%
  • (8,000 / $41,000)
  • 142%
  • (77,000 / $54,000)
9Hfc Company Llc 10 20%60%
  • 171%
  • (55,000 / $32,000)
  • 171%
  • (55,000 / $32,000)
10Gmac Mortgage Llc 9 0%33% 0
  • 159%
  • (75,000 / $47,000)
11Embrace Home Loans, 9 11%33%
  • 188%
  • (115,000 / $61,000)
  • 286%
  • (206,000 / $72,000)
12Wells Fargo Fin'l Minnesota 8 0%25% 0
  • 184%
  • (35,000 / $19,000)
13New Day Financial, Llc 8 0%62% 0
  • 531%
  • (170,000 / $32,000)
14Citibank 8 75%25%
  • 39%
  • (46,000 / $116,000)
  • 58%
  • (10,000 / $17,000)
15Affinity Plus Federal Credit U 8 37%12%
  • 75%
  • (27,000 / $36,000)
  • 72%
  • (26,000 / $36,000)
16Quicken Loans 7 28%57%
  • 314%
  • (302,000 / $96,000)
  • 332%
  • (93,000 / $28,000)
17E-Loan Inc 7 0%71% 0
  • 245%
  • (81,000 / $33,000)
18American Federal Bank 7 57%14%
  • 129%
  • (120,000 / $93,000)
  • 128%
  • (116,000 / $90,000)
19Alerus Financial 7 100%0%
  • 131%
  • (164,000 / $125,000)
0
20Valley Mortgage Inc 6 66%0%
  • 148%
  • (61,000 / $41,000)
0

Wabanica, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 576
  2. Loan Applications Denied: 153
  3. % of Loan Applications Denied: 26
  4. # of Loan Originations: 317
  5. % of Loan Applications Originated 55

Wabanica, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral33
Credit history24
Debt-to-income ratio20
Credit application incomplete4
Unverifiable information2

Wabanica, 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 - $100,000306 4929
$100,000 - $300,000252 5923
$300,000 - $500,00018 7222

Wabanica, 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 - $100,000474 5129
$100,000 - $300,00096 6811
$300,000 - $500,0004 750
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Wabanica, 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%2649 26
30 - 60%4857 16
60 - 100%7754 31
100 - 200%21856 22
200 - 300%12658 29
300 - 400%4752 27
> 400%3428 47

Wabanica, 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 Dwelling461 5228
Not Owner-Occupied As A Principal Dwelling115 6619

Home Owner Property Type Statistics in Wabanica, 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)516 5625
Manufactured Housing60 4040
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