Top Wells, MN Mortgage Lenders

RankWells Mortgage LenderWells Home Loans ProcessedWells Home Loans ApprovedWells Home Loans DeniedWells Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWells Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 632 60%19%
  • 200%
  • (60,000 Loan / $30,000 Income)
  • 187%
  • (163,000 Loan / $87,000 Income)
2Jpmorgan Chase Bank 170 81%14%
  • 256%
  • (113,000 / $44,000)
  • 245%
  • (199,000 / $81,000)
3Countrywide Bank Fsb 132 74%15%
  • 223%
  • (67,000 / $30,000)
  • 278%
  • (417,000 / $150,000)
4Associated Bank 113 76%14%
  • 122%
  • (82,000 / $67,000)
  • 170%
  • (85,000 / $50,000)
5Us Bank 111 77%7%
  • 238%
  • (203,000 / $85,000)
  • 249%
  • (182,000 / $73,000)
6Citimortgage 107 64%18%
  • 300%
  • (60,000 / $20,000)
  • 315%
  • (224,000 / $71,000)
7Genworth Mortgage Insurance Co 97 51%0%
  • 235%
  • (125,000 / $53,000)
0
8Mortgage Guaranty Insurance Co 94 70%7%
  • 222%
  • (120,000 / $54,000)
  • 413%
  • (149,000 / $36,000)
9Countrywide Home Loans 86 83%9%
  • 231%
  • (153,000 / $66,000)
  • 159%
  • (132,000 / $83,000)
10Wells Federal Bank 82 64%15%
  • 163%
  • (31,000 / $19,000)
  • 202%
  • (95,000 / $47,000)
11Beneficial Company Llc 73 2%83%
  • 150%
  • (135,000 / $90,000)
  • 175%
  • (72,000 / $41,000)
12Bremer Bank Na (Fargo) 61 77%9%
  • 125%
  • (73,000 / $58,000)
  • 105%
  • (90,000 / $85,000)
13Bank Of The West 60 76%6%
  • 178%
  • (93,000 / $52,000)
  • 282%
  • (277,000 / $98,000)
14Bank Of America 60 83%13%
  • 187%
  • (62,000 / $33,000)
  • 227%
  • (82,000 / $36,000)
15Citifinancial Services Inc 59 35%44%
  • 148%
  • (37,000 / $25,000)
  • 80%
  • (45,000 / $56,000)
16Us Bank North Dakota 58 27%50%
  • 133%
  • (131,000 / $98,000)
  • 235%
  • (94,000 / $40,000)
17Embrace Home Loans, 53 7%50%
  • 300%
  • (147,000 / $49,000)
  • 170%
  • (85,000 / $50,000)
18Phh Mortgage Corporation 51 82%0%
  • 205%
  • (105,000 / $51,000)
0
19Affinity Plus Federal Credit U 51 66%7%
  • 101%
  • (77,000 / $76,000)
  • 230%
  • (145,000 / $63,000)
20Agstar Financial Services 48 39%14%
  • 147%
  • (28,000 / $19,000)
  • 292%
  • (225,000 / $77,000)

Wells, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,689
  2. Loan Applications Denied: 753
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,213
  5. % of Loan Applications Originated 59

Wells, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history10
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Wells, 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 - $100,0001,632 5623
$100,000 - $300,0001,935 6217
$300,000 - $500,000117 5021
$500,000 - $1,000,0004 075
$1,000,000 - $1,500,0001 1000

Wells, 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 - $100,0003,151 5821
$100,000 - $300,000502 6714
$300,000 - $500,00023 5226
$500,000 - $1,000,0006 6616
$1,000,000 - $1,500,0005 6020
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Wells, 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%14563 22
30 - 60%22953 25
60 - 100%33958 21
100 - 200%1,15261 19
200 - 300%95763 16
300 - 400%51358 24
> 400%35448 25

Wells, 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 Dwelling3,325 5821
Not Owner-Occupied As A Principal Dwelling334 7411
Not Applicable8 5037

Home Owner Property Type Statistics in Wells, 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)3,280 5921
One To Four-Family324 662
Manufactured Housing85 4736
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