Top Watab, MN Mortgage Lenders

RankWatab Mortgage LenderWatab Home Loans ProcessedWatab Home Loans ApprovedWatab Home Loans DeniedWatab Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWatab Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 290 67%16%
  • 216%
  • (121,000 Loan / $56,000 Income)
  • 204%
  • (170,000 Loan / $83,000 Income)
2Liberty Savings Bank Fsb 181 89%3%
  • 242%
  • (250,000 / $103,000)
  • 388%
  • (105,000 / $27,000)
3Bremer Bank Na (St Cloud) 149 75%10%
  • 198%
  • (113,000 / $57,000)
  • 118%
  • (32,000 / $27,000)
4Jpmorgan Chase Bank 80 86%13%
  • 289%
  • (162,000 / $56,000)
  • 268%
  • (94,000 / $35,000)
5Citimortgage 74 79%13%
  • 335%
  • (124,000 / $37,000)
  • 215%
  • (155,000 / $72,000)
6Countrywide Bank Fsb 69 82%10%
  • 304%
  • (146,000 / $48,000)
  • 268%
  • (145,000 / $54,000)
7Mortgage Guaranty Insurance Co 68 79%5%
  • 312%
  • (156,000 / $50,000)
  • 338%
  • (132,000 / $39,000)
8Us Bank 60 80%11%
  • 281%
  • (152,000 / $54,000)
  • 291%
  • (105,000 / $36,000)
9Bankvista 50 94%4%
  • 205%
  • (220,000 / $107,000)
  • 607%
  • (170,000 / $28,000)
10Phh Mortgage Corporation 44 90%6%
  • 230%
  • (129,000 / $56,000)
  • 616%
  • (111,000 / $18,000)
11Beneficial Company Llc 42 0%83% 0
  • 243%
  • (185,000 / $76,000)
12Countrywide Home Loans 40 80%17%
  • 271%
  • (174,000 / $64,000)
  • 307%
  • (129,000 / $42,000)
13Great River Federal Cu 35 37%37%
  • 76%
  • (63,000 / $82,000)
  • 82%
  • (38,000 / $46,000)
14Affinity Plus Federal Credit U 32 56%3%
  • 152%
  • (134,000 / $88,000)
  • 158%
  • (266,000 / $168,000)
15Us Bank North Dakota 25 32%40%
  • 200%
  • (146,000 / $73,000)
  • 293%
  • (185,000 / $63,000)
16Falcon National Bank 25 44%36%
  • 69%
  • (38,000 / $55,000)
  • 70%
  • (12,000 / $17,000)
17Bank Of America 24 91%4%
  • 379%
  • (182,000 / $48,000)
  • 490%
  • (260,000 / $53,000)
18Genworth Mortgage Insurance Co 23 82%8%
  • 257%
  • (121,000 / $47,000)
  • 468%
  • (253,000 / $54,000)
19Embrace Home Loans, 22 4%50%
  • 416%
  • (154,000 / $37,000)
  • 395%
  • (178,000 / $45,000)
20Suntrust Mortgage 20 80%15%
  • 321%
  • (183,000 / $57,000)
  • 404%
  • (259,000 / $64,000)

Watab, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,055
  2. Loan Applications Denied: 389
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 1,340
  5. % of Loan Applications Originated 65

Watab, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Debt-to-income ratio9
Collateral8
Credit application incomplete4
Unverifiable information2

Watab, 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 - $100,000506 5725
$100,000 - $300,0001,445 6716
$300,000 - $500,00098 6416
$500,000 - $1,000,0005 4040
$1,500,000 - $2,000,0001 1000

Watab, 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 - $100,0001,679 6319
$100,000 - $300,000354 6815
$300,000 - $500,00017 8211
$500,000 - $1,000,0005 6040

Loan to Income Ratios Research for Mortgage in Watab, 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%8553 37
30 - 60%10466 18
60 - 100%18951 25
100 - 200%44466 17
200 - 300%60766 16
300 - 400%38971 12
> 400%23759 24

Watab, 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 Dwelling1,926 6618
Not Owner-Occupied As A Principal Dwelling121 4733
Not Applicable1 1000

Home Owner Property Type Statistics in Watab, 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)1,787 6618
One To Four-Family150 726
Manufactured Housing118 4240
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