Top Winger, MN Mortgage Lenders

RankWinger Mortgage LenderWinger Home Loans ProcessedWinger Home Loans ApprovedWinger Home Loans DeniedWinger Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWinger Mortgage Median LTR for Denied Loans
1Merchants Bank 297 78%6%
  • 161%
  • (240,000 Loan / $149,000 Income)
  • 247%
  • (171,000 Loan / $69,000 Income)
2Wells Fargo Bank 169 55%21%
  • 160%
  • (157,000 / $98,000)
  • 182%
  • (203,000 / $111,000)
3Bremer Bank Na (Grand Forks) 123 85%4%
  • 148%
  • (180,000 / $121,000)
  • 111%
  • (75,000 / $67,000)
4Ultima Bank Minnesota 100 81%15%
  • 74%
  • (80,000 / $108,000)
  • 81%
  • (35,000 / $43,000)
5Bank Of The West 86 75%10%
  • 186%
  • (41,000 / $22,000)
  • 38%
  • (18,000 / $47,000)
6Altra Federal Credit Union 81 80%3%
  • 187%
  • (75,000 / $40,000)
  • 138%
  • (69,000 / $50,000)
7Jpmorgan Chase Bank 73 87%9%
  • 123%
  • (144,000 / $117,000)
  • 194%
  • (204,000 / $105,000)
8Citimortgage 63 82%3%
  • 203%
  • (120,000 / $59,000)
  • 233%
  • (84,000 / $36,000)
9Unity Bank North 54 94%3%
  • 98%
  • (60,000 / $61,000)
  • 362%
  • (105,000 / $29,000)
10American Federal Bank 50 86%14%
  • 117%
  • (261,000 / $222,000)
  • 172%
  • (176,000 / $102,000)
11Eitzen State Bank 49 77%10%
  • 164%
  • (135,000 / $82,000)
  • 135%
  • (80,000 / $59,000)
12Countrywide Bank Fsb 38 78%18%
  • 331%
  • (265,000 / $80,000)
  • 228%
  • (73,000 / $32,000)
13Jennings State Bank 36 75%5%
  • 162%
  • (44,000 / $27,000)
  • 595%
  • (131,000 / $22,000)
14Mortgage Guaranty Insurance Co 31 74%3%
  • 219%
  • (180,000 / $82,000)
  • 262%
  • (176,000 / $67,000)
15Us Bank 29 62%27%
  • 290%
  • (122,000 / $42,000)
  • 322%
  • (158,000 / $49,000)
16Alerus Financial 29 86%10%
  • 125%
  • (131,000 / $104,000)
  • 50%
  • (30,000 / $59,000)
17Countrywide Home Loans 28 89%7%
  • 225%
  • (158,000 / $70,000)
  • 300%
  • (171,000 / $57,000)
18Embrace Home Loans, 25 4%20%
  • 270%
  • (208,000 / $77,000)
  • 145%
  • (45,000 / $31,000)
19United Guaranty Corporation 23 69%13%
  • 229%
  • (142,000 / $62,000)
  • 297%
  • (140,000 / $47,000)
20Associated Bank 23 52%21%
  • 202%
  • (683,000 / $337,000)
  • 253%
  • (160,000 / $63,000)

Winger, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,134
  2. Loan Applications Denied: 307
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,487
  5. % of Loan Applications Originated 69

Winger, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Debt-to-income ratio12
Collateral11
Credit application incomplete3
Unverifiable information1

Winger, 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 - $100,0001,040 6715
$100,000 - $300,000981 7013
$300,000 - $500,000100 786
$500,000 - $1,000,0008 7525
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0002 5050

Winger, 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 - $100,0001,681 6616
$100,000 - $300,000394 786
$300,000 - $500,00033 990
$500,000 - $1,000,00023 788
$1,000,000 - $1,500,0003 660

Loan to Income Ratios Research for Mortgage in Winger, 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%15573 13
30 - 60%18976 9
60 - 100%22573 11
100 - 200%67570 12
200 - 300%52867 16
300 - 400%23063 19
> 400%13256 21

Winger, 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 Dwelling1,822 6715
Not Owner-Occupied As A Principal Dwelling304 817
Not Applicable2 500

Home Owner Property Type Statistics in Winger, 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)1,965 6914
One To Four-Family89 746
Manufactured Housing80 5726
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