Top Wergeland, MN Mortgage Lenders

RankWergeland Mortgage LenderWergeland Home Loans ProcessedWergeland Home Loans ApprovedWergeland Home Loans DeniedWergeland Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWergeland Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 126 69%15%
  • 131%
  • (100,000 Loan / $76,000 Income)
  • 165%
  • (99,000 Loan / $60,000 Income)
2Citimortgage 44 68%4%
  • 172%
  • (95,000 / $55,000)
  • 129%
  • (22,000 / $17,000)
3Us Bank 37 78%18%
  • 213%
  • (130,000 / $61,000)
  • 190%
  • (175,000 / $92,000)
4Kleinbank 37 75%13%
  • 75%
  • (31,000 / $41,000)
  • 131%
  • (100,000 / $76,000)
5Jpmorgan Chase Bank 35 82%14%
  • 165%
  • (48,000 / $29,000)
  • 124%
  • (62,000 / $50,000)
6Bank Of The West 33 78%21%
  • 103%
  • (54,000 / $52,000)
  • 85%
  • (110,000 / $128,000)
7C.U. Mortgage Services, 24 45%12%
  • 171%
  • (108,000 / $63,000)
  • 222%
  • (49,000 / $22,000)
8Genworth Mortgage Insurance Co 23 69%4%
  • 182%
  • (62,000 / $34,000)
  • 185%
  • (280,000 / $151,000)
9Bank Of America 20 90%5%
  • 156%
  • (36,000 / $23,000)
  • 182%
  • (64,000 / $35,000)
10Embrace Home Loans, 15 13%60%
  • 206%
  • (62,000 / $30,000)
  • 192%
  • (96,000 / $50,000)
11Countrywide Bank Fsb 15 66%33%
  • 174%
  • (94,000 / $54,000)
  • 217%
  • (74,000 / $34,000)
12Radian Guaranty 13 76%0%
  • 175%
  • (49,000 / $28,000)
0
13Countrywide Home Loans 13 84%15%
  • 167%
  • (57,000 / $34,000)
  • 373%
  • (243,000 / $65,000)
14Us Bk Na Nd 12 41%50%
  • 39%
  • (60,000 / $151,000)
  • 154%
  • (54,000 / $35,000)
15Us Bank North Dakota 12 41%50%
  • 180%
  • (81,000 / $45,000)
  • 186%
  • (175,000 / $94,000)
16Mortgage Guaranty Insurance Co 11 63%9%
  • 141%
  • (88,000 / $62,000)
  • 162%
  • (321,000 / $197,000)
17Citibank 11 81%9%
  • 152%
  • (38,000 / $25,000)
  • 58%
  • (75,000 / $129,000)
18Washington Mutual Bank 10 100%0%
  • 125%
  • (59,000 / $47,000)
0
19United Guaranty Corporation 10 90%0%
  • 172%
  • (62,000 / $36,000)
0
20Pmi Mortgage Insurance Co. 10 80%0%
  • 316%
  • (345,000 / $109,000)
0

Wergeland, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 782
  2. Loan Applications Denied: 153
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 493
  5. % of Loan Applications Originated 63

Wergeland, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history7
Debt-to-income ratio5
Insufficient cash (downpayment, closing costs)2
Credit application incomplete2

Wergeland, 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 - $100,000499 6519
$100,000 - $300,000265 5919
$300,000 - $500,00017 4729
$1,000,000 - $1,500,0001 1000

Wergeland, 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 - $100,000675 6219
$100,000 - $300,00096 6122
$300,000 - $500,0007 5628
$500,000 - $1,000,0004 1000

Loan to Income Ratios Research for Mortgage in Wergeland, 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%4364 23
30 - 60%6068 18
60 - 100%11658 18
100 - 200%32167 17
200 - 300%16058 21
300 - 400%5258 19
> 400%3046 33

Wergeland, 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 Dwelling762 6319
Not Owner-Occupied As A Principal Dwelling19 5731

Home Owner Property Type Statistics in Wergeland, 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)707 6221
One To Four-Family72 732
Manufactured Housing3 066
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