Top Waterville, MN Mortgage Lenders

RankWaterville Mortgage LenderWaterville Home Loans ProcessedWaterville Home Loans ApprovedWaterville Home Loans DeniedWaterville Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWaterville Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,365 66%14%
  • 192%
  • (81,000 Loan / $42,000 Income)
  • 180%
  • (148,000 Loan / $82,000 Income)
2Us Bank 482 80%12%
  • 226%
  • (104,000 / $46,000)
  • 278%
  • (145,000 / $52,000)
3Jpmorgan Chase Bank 481 85%12%
  • 238%
  • (160,000 / $67,000)
  • 212%
  • (106,000 / $50,000)
4Affinity Plus Federal Credit U 312 62%6%
  • 135%
  • (77,000 / $57,000)
  • 174%
  • (157,000 / $90,000)
5Citimortgage 297 78%8%
  • 250%
  • (75,000 / $30,000)
  • 284%
  • (108,000 / $38,000)
6Cornerstone Mortgage Company 286 90%2%
  • 260%
  • (112,000 / $43,000)
  • 332%
  • (133,000 / $40,000)
7Bank Of America 283 77%13%
  • 189%
  • (220,000 / $116,000)
  • 247%
  • (109,000 / $44,000)
8Countrywide Bank Fsb 252 77%13%
  • 226%
  • (195,000 / $86,000)
  • 190%
  • (114,000 / $60,000)
9State Bank & Trust 180 78%7%
  • 141%
  • (237,000 / $168,000)
  • 264%
  • (135,000 / $51,000)
10Bremer Bank Na (Fargo) 161 84%2%
  • 129%
  • (70,000 / $54,000)
  • 82%
  • (37,000 / $45,000)
11Mortgage Guaranty Insurance Co 156 75%3%
  • 230%
  • (224,000 / $97,000)
  • 286%
  • (152,000 / $53,000)
12Citibank 145 75%9%
  • 188%
  • (49,000 / $26,000)
  • 100%
  • (321,000 / $318,000)
13Countrywide Home Loans 138 82%12%
  • 223%
  • (212,000 / $95,000)
  • 239%
  • (115,000 / $48,000)
14Phh Mortgage Corporation 136 86%2%
  • 200%
  • (128,000 / $64,000)
  • 275%
  • (157,000 / $57,000)
15Agstar Financial Services 133 54%6%
  • 220%
  • (370,000 / $168,000)
  • 388%
  • (233,000 / $60,000)
16Wells Fargo Funding 128 97%2%
  • 144%
  • (75,000 / $52,000)
  • 256%
  • (398,000 / $155,000)
17United Guaranty Corporation 127 80%4%
  • 241%
  • (239,000 / $99,000)
  • 293%
  • (244,000 / $83,000)
18Novationcreditunion 115 72%11%
  • 44%
  • (20,000 / $45,000)
  • 65%
  • (30,000 / $46,000)
19Us Bank North Dakota 112 36%44%
  • 121%
  • (45,000 / $37,000)
  • 163%
  • (54,000 / $33,000)
20Beneficial Company Llc 111 6%77%
  • 222%
  • (220,000 / $99,000)
  • 253%
  • (190,000 / $75,000)

Waterville, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 11,219
  2. Loan Applications Denied: 1,827
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 7,413
  5. % of Loan Applications Originated 66

Waterville, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history10
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information2

Waterville, 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 - $100,0003,732 6419
$100,000 - $300,0006,845 6514
$300,000 - $500,000579 6515
$500,000 - $1,000,00058 6318
$1,000,000 - $1,500,0004 750
> $2,000,0001 0100

Waterville, 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 - $100,0008,649 6417
$100,000 - $300,0002,380 7011
$300,000 - $500,000119 737
$500,000 - $1,000,00059 5823
$1,000,000 - $1,500,0006 6616
$1,500,000 - $2,000,0002 500
> $2,000,0004 7525

Loan to Income Ratios Research for Mortgage in Waterville, 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%44862 22
30 - 60%70062 19
60 - 100%1,03665 15
100 - 200%3,19369 13
200 - 300%3,07868 14
300 - 400%1,66464 16
> 400%1,10051 25

Waterville, 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 Dwelling9,723 6516
Not Owner-Occupied As A Principal Dwelling1,434 7112
Not Applicable10 8020

Home Owner Property Type Statistics in Waterville, 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)10,312 6516
One To Four-Family605 783
Manufactured Housing302 4734
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