Top Wadena, MN Mortgage Lenders

RankWadena Mortgage LenderWadena Home Loans ProcessedWadena Home Loans ApprovedWadena Home Loans DeniedWadena Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWadena Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,306 63%17%
  • 202%
  • (73,000 Loan / $36,000 Income)
  • 173%
  • (243,000 Loan / $140,000 Income)
2Jpmorgan Chase Bank 711 81%15%
  • 233%
  • (131,000 / $56,000)
  • 202%
  • (87,000 / $43,000)
3Affinity Plus Federal Credit U 672 69%6%
  • 120%
  • (124,000 / $103,000)
  • 238%
  • (124,000 / $52,000)
4Countrywide Bank Fsb 544 72%16%
  • 235%
  • (106,000 / $45,000)
  • 248%
  • (149,000 / $60,000)
5Citimortgage 540 78%10%
  • 197%
  • (160,000 / $81,000)
  • 238%
  • (62,000 / $26,000)
6Us Bank 362 72%14%
  • 219%
  • (189,000 / $86,000)
  • 201%
  • (354,000 / $176,000)
7Beneficial Company Llc 358 6%77%
  • 201%
  • (199,000 / $99,000)
  • 211%
  • (125,000 / $59,000)
8Mortgage Guaranty Insurance Co 345 71%8%
  • 233%
  • (77,000 / $33,000)
  • 236%
  • (154,000 / $65,000)
9Genworth Mortgage Insurance Co 345 56%3%
  • 240%
  • (120,000 / $50,000)
  • 274%
  • (140,000 / $51,000)
10Countrywide Home Loans 345 77%13%
  • 229%
  • (140,000 / $61,000)
  • 247%
  • (136,000 / $55,000)
11Bank Of America 338 68%17%
  • 238%
  • (74,000 / $31,000)
  • 206%
  • (169,000 / $82,000)
12Us Bank North Dakota 273 33%46%
  • 127%
  • (46,000 / $36,000)
  • 166%
  • (45,000 / $27,000)
13Agstar Financial Services 269 61%11%
  • 183%
  • (55,000 / $30,000)
  • 280%
  • (600,000 / $214,000)
14Citifinancial Services Inc 240 34%41%
  • 152%
  • (93,000 / $61,000)
  • 178%
  • (59,000 / $33,000)
15Embrace Home Loans, 222 10%41%
  • 194%
  • (37,000 / $19,000)
  • 295%
  • (195,000 / $66,000)
16Associated Bank 213 74%16%
  • 135%
  • (165,000 / $122,000)
  • 76%
  • (36,000 / $47,000)
17Phh Mortgage Corporation 207 86%2%
  • 209%
  • (178,000 / $85,000)
  • 282%
  • (164,000 / $58,000)
18United Guaranty Corporation 187 80%4%
  • 233%
  • (70,000 / $30,000)
  • 234%
  • (68,000 / $29,000)
19Citibank 183 77%13%
  • 54%
  • (50,000 / $91,000)
  • 70%
  • (60,000 / $85,000)
20Wells Fargo Funding 179 98%0%
  • 227%
  • (150,000 / $66,000)
  • 386%
  • (174,000 / $45,000)

Wadena, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 16,281
  2. Loan Applications Denied: 3,138
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 10,209
  5. % of Loan Applications Originated 62

Wadena, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history9
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information1

Wadena, 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 - $100,0006,509 6022
$100,000 - $300,0009,071 6317
$300,000 - $500,000651 5621
$500,000 - $1,000,00045 5931
$1,000,000 - $1,500,0003 660
> $2,000,0002 5050

Wadena, 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 - $100,00013,620 6120
$100,000 - $300,0002,453 6714
$300,000 - $500,000127 7016
$500,000 - $1,000,00063 4530
$1,000,000 - $1,500,00012 4916
$1,500,000 - $2,000,0004 750
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Wadena, 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%68260 24
30 - 60%1,02459 23
60 - 100%1,45264 19
100 - 200%4,71565 16
200 - 300%4,46463 16
300 - 400%2,40961 18
> 400%1,53549 31

Wadena, 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 Dwelling14,878 6219
Not Owner-Occupied As A Principal Dwelling1,281 6718
Not Applicable32 3425

Home Owner Property Type Statistics in Wadena, 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)14,510 6220
One To Four-Family1,294 724
Manufactured Housing477 5028
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