Top Wheeler, MN Mortgage Lenders

RankWheeler Mortgage LenderWheeler Home Loans ProcessedWheeler Home Loans ApprovedWheeler Home Loans DeniedWheeler Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWheeler Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 84 53%30%
  • 151%
  • (145,000 Loan / $96,000 Income)
  • 107%
  • (70,000 Loan / $65,000 Income)
2Us Bank 30 63%26%
  • 234%
  • (89,000 / $38,000)
  • 280%
  • (348,000 / $124,000)
3Merchants Bank 22 95%4%
  • 154%
  • (139,000 / $90,000)
  • 240%
  • (171,000 / $71,000)
4Countrywide Bank Fsb 21 52%28%
  • 313%
  • (204,000 / $65,000)
  • 306%
  • (135,000 / $44,000)
5Countrywide Home Loans 17 52%41%
  • 375%
  • (240,000 / $64,000)
  • 94%
  • (116,000 / $123,000)
6Citimortgage 10 70%30%
  • 282%
  • (96,000 / $34,000)
  • 262%
  • (118,000 / $45,000)
7Beneficial Company Llc 10 10%90%
  • 19%
  • (8,000 / $41,000)
  • 142%
  • (77,000 / $54,000)
8Jpmorgan Chase Bank 8 87%0%
  • 256%
  • (182,000 / $71,000)
0
9Hfc Company Llc 7 28%42%
  • 171%
  • (55,000 / $32,000)
  • 171%
  • (55,000 / $32,000)
10Gmac Mortgage Llc 7 0%28% 0
  • 159%
  • (75,000 / $47,000)
11American Federal Bank 7 57%14%
  • 129%
  • (120,000 / $93,000)
  • 128%
  • (116,000 / $90,000)
12Alerus Financial 7 100%0%
  • 131%
  • (164,000 / $125,000)
0
13Embrace Home Loans, 6 0%33% 0
  • 286%
  • (206,000 / $72,000)
14Wells Fargo Fin'l Minnesota 5 0%20% 0
  • 157%
  • (77,000 / $49,000)
15E-Loan Inc 5 0%60% 0
  • 272%
  • (60,000 / $22,000)
16Citibank 5 60%40% 0
  • 58%
  • (10,000 / $17,000)
17Bank Of America 4 50%25%
  • 670%
  • (201,000 / $30,000)
  • 274%
  • (239,000 / $87,000)
18Ally Bank F/K/A/ Gmac Bank 4 50%25%
  • 450%
  • (207,000 / $46,000)
  • 236%
  • (104,000 / $44,000)
19Phh Mortgage Corporation 3 100%0%
  • 166%
  • (105,000 / $63,000)
0
20National City Bank 3 33%33%
  • 198%
  • (200,000 / $101,000)
  • 217%
  • (198,000 / $91,000)

Wheeler, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 358
  2. Loan Applications Denied: 98
  3. % of Loan Applications Denied: 27
  4. # of Loan Originations: 193
  5. % of Loan Applications Originated 53

Wheeler, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral35
Credit history21
Debt-to-income ratio17
Credit application incomplete5
Unverifiable information3

Wheeler, 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 - $100,000176 4432
$100,000 - $300,000166 6022
$300,000 - $500,00016 6825

Wheeler, 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 - $100,000278 4831
$100,000 - $300,00074 6814
$300,000 - $500,0004 750
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Wheeler, 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%1662 25
30 - 60%2944 24
60 - 100%5353 28
100 - 200%13257 21
200 - 300%6754 35
300 - 400%3750 27
> 400%2433 37

Wheeler, 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 Dwelling258 5029
Not Owner-Occupied As A Principal Dwelling100 6421

Home Owner Property Type Statistics in Wheeler, 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)316 5625
Manufactured Housing42 3845
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