Top Wild Rice, MN Mortgage Lenders

RankWild Rice Mortgage LenderWild Rice Home Loans ProcessedWild Rice Home Loans ApprovedWild Rice Home Loans DeniedWild Rice Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWild Rice Mortgage Median LTR for Denied Loans
1Bremer Bank Na (Grand Forks) 65 87%4%
  • 158%
  • (57,000 Loan / $36,000 Income)
  • 46%
  • (20,000 Loan / $43,000 Income)
2Wells Fargo Bank 47 63%8%
  • 163%
  • (85,000 / $52,000)
  • 219%
  • (90,000 / $41,000)
3Citimortgage 31 74%6%
  • 112%
  • (97,000 / $86,000)
  • 177%
  • (62,000 / $35,000)
4Northwestern Bank 29 75%17%
  • 98%
  • (75,000 / $76,000)
  • 120%
  • (64,000 / $53,000)
5Us Bank 26 61%11%
  • 215%
  • (110,000 / $51,000)
  • 278%
  • (153,000 / $55,000)
6Jpmorgan Chase Bank 22 86%13%
  • 281%
  • (183,000 / $65,000)
  • 194%
  • (33,000 / $17,000)
7American Federal Bank 18 50%33%
  • 75%
  • (40,000 / $53,000)
  • 372%
  • (41,000 / $11,000)
8Embrace Home Loans, 13 0%53% 0
  • 208%
  • (100,000 / $48,000)
9State Bank & Trust 11 27%54%
  • 100%
  • (57,000 / $57,000)
  • 251%
  • (88,000 / $35,000)
10Mortgage Guaranty Insurance Co 11 90%9%
  • 253%
  • (142,000 / $56,000)
  • 424%
  • (157,000 / $37,000)
11Midwest Bank 11 81%18%
  • 85%
  • (47,000 / $55,000)
  • 28%
  • (7,000 / $25,000)
12Citifinancial Services Inc 11 27%45%
  • 226%
  • (52,000 / $23,000)
  • 212%
  • (53,000 / $25,000)
13Alerus Financial 11 72%9%
  • 84%
  • (80,000 / $95,000)
  • 108%
  • (94,000 / $87,000)
14Bremer Bank Na (Fargo) 10 60%0%
  • 244%
  • (88,000 / $36,000)
0
15Beneficial Company Llc 10 0%80% 0
  • 173%
  • (40,000 / $23,000)
16Ultima Bank Minnesota 9 77%22%
  • 47%
  • (23,000 / $48,000)
  • 1400%
  • (98,000 / $7,000)
17Bank Of The West 9 66%11%
  • 110%
  • (77,000 / $70,000)
  • 110%
  • (44,000 / $40,000)
18Gmac Mortgage Llc 8 12%12%
  • 147%
  • (87,000 / $59,000)
  • 165%
  • (106,000 / $64,000)
19Community Bank Of The Rrv 8 100%0%
  • 137%
  • (109,000 / $79,000)
0
20Affinity Plus Federal Credit U 8 37%0%
  • 92%
  • (35,000 / $38,000)
0

Wild Rice, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 560
  2. Loan Applications Denied: 112
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 344
  5. % of Loan Applications Originated 61

Wild Rice, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral13
Debt-to-income ratio8
Insufficient cash (downpayment, closing costs)1
Employment history1

Wild Rice, 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 - $100,000383 5623
$100,000 - $300,000177 6912

Wild Rice, 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 - $100,000517 6120
$100,000 - $300,00039 5812
$300,000 - $500,0003 990
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Wild Rice, 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%3565 22
30 - 60%5466 11
60 - 100%7255 19
100 - 200%20364 18
200 - 300%13961 19
300 - 400%3844 31
> 400%1946 36

Wild Rice, 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 Dwelling547 6020
Not Owner-Occupied As A Principal Dwelling11 909

Home Owner Property Type Statistics in Wild Rice, 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)515 6020
One To Four-Family30 706
Manufactured Housing15 6033
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