Top Zumbro, MN Mortgage Lenders

RankZumbro Mortgage LenderZumbro Home Loans ProcessedZumbro Home Loans ApprovedZumbro Home Loans DeniedZumbro Mortgage Median Loan to Income Ratio (LTR) for Approved LoansZumbro Mortgage Median LTR for Denied Loans
1Peoples State Bank Of Plainvie 228 94%5%
  • 144%
  • (111,000 Loan / $77,000 Income)
  • 257%
  • (121,000 Loan / $47,000 Income)
2Wells Fargo Bank 177 65%18%
  • 210%
  • (160,000 / $76,000)
  • 231%
  • (125,000 / $54,000)
3Think Mutual Bank 151 71%7%
  • 146%
  • (535,000 / $366,000)
  • 184%
  • (140,000 / $76,000)
4First National Bank Of Plainvi 68 95%4%
  • 123%
  • (120,000 / $97,000)
  • 170%
  • (135,000 / $79,000)
5Agstar Financial Services 68 61%2%
  • 203%
  • (177,000 / $87,000)
  • 220%
  • (152,000 / $69,000)
6Countrywide Bank Fsb 61 65%13%
  • 228%
  • (96,000 / $42,000)
  • 314%
  • (88,000 / $28,000)
7Merchants Bank 60 68%1%
  • 275%
  • (262,000 / $95,000)
  • 291%
  • (280,000 / $96,000)
8Affinity Plus Federal Credit U 53 50%3%
  • 102%
  • (76,000 / $74,000)
  • 377%
  • (230,000 / $61,000)
9Eastwood Bank 48 75%14%
  • 166%
  • (160,000 / $96,000)
  • 153%
  • (184,000 / $120,000)
10Mortgage Guaranty Insurance Co 38 71%7%
  • 252%
  • (480,000 / $190,000)
  • 412%
  • (194,000 / $47,000)
11Genworth Mortgage Insurance Co 38 68%2%
  • 284%
  • (233,000 / $82,000)
  • 75%
  • (135,000 / $179,000)
12Alliance Bank 38 63%13%
  • 214%
  • (118,000 / $55,000)
  • 296%
  • (196,000 / $66,000)
13Associated Bank 34 58%17%
  • 206%
  • (132,000 / $64,000)
  • 87%
  • (29,000 / $33,000)
14Jpmorgan Chase Bank 33 87%12%
  • 310%
  • (149,000 / $48,000)
  • 278%
  • (153,000 / $55,000)
15Us Bank 32 68%21%
  • 219%
  • (230,000 / $105,000)
  • 210%
  • (156,000 / $74,000)
16Home Federal Savings Bank 32 56%25%
  • 215%
  • (172,000 / $80,000)
  • 68%
  • (35,000 / $51,000)
17Citimortgage 31 64%22%
  • 309%
  • (390,000 / $126,000)
  • 215%
  • (310,000 / $144,000)
18Friend Bank 30 80%10%
  • 181%
  • (58,000 / $32,000)
  • 79%
  • (35,000 / $44,000)
19Mayo Employees Federal Cu 29 79%17%
  • 58%
  • (57,000 / $97,000)
  • 269%
  • (194,000 / $72,000)
20Qr Lending Inc 26 61%7%
  • 168%
  • (157,000 / $93,000)
  • 250%
  • (128,000 / $51,000)

Zumbro, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,845
  2. Loan Applications Denied: 269
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,272
  5. % of Loan Applications Originated 68

Zumbro, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio7
Credit history7
Credit application incomplete2
Unverifiable information1

Zumbro, 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 - $100,000599 7115
$100,000 - $300,0001,082 6714
$300,000 - $500,000151 6211
$500,000 - $1,000,00012 6616
$1,000,000 - $1,500,0001 1000

Zumbro, 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 - $100,0001,408 6615
$100,000 - $300,000410 7110
$300,000 - $500,00018 885
$500,000 - $1,000,0005 1000
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Zumbro, 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%12878 12
30 - 60%13273 14
60 - 100%16772 13
100 - 200%44575 11
200 - 300%49162 14
300 - 400%30865 15
> 400%17458 23

Zumbro, 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 Dwelling1,772 6814
Not Owner-Occupied As A Principal Dwelling70 7810

Home Owner Property Type Statistics in Zumbro, 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)1,657 6814
One To Four-Family125 734
Manufactured Housing63 5830
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