Top Zumbrota, MN Mortgage Lenders

RankZumbrota Mortgage LenderZumbrota Home Loans ProcessedZumbrota Home Loans ApprovedZumbrota Home Loans DeniedZumbrota Mortgage Median Loan to Income Ratio (LTR) for Approved LoansZumbrota Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,503 67%16%
  • 200%
  • (160,000 Loan / $80,000 Income)
  • 177%
  • (128,000 Loan / $72,000 Income)
2Affinity Plus Federal Credit U 874 58%11%
  • 119%
  • (112,000 / $94,000)
  • 262%
  • (105,000 / $40,000)
3Jpmorgan Chase Bank 319 81%15%
  • 236%
  • (156,000 / $66,000)
  • 247%
  • (215,000 / $87,000)
4Countrywide Bank Fsb 286 68%18%
  • 246%
  • (121,000 / $49,000)
  • 261%
  • (68,000 / $26,000)
5Us Bank 248 77%12%
  • 238%
  • (174,000 / $73,000)
  • 272%
  • (158,000 / $58,000)
6Citimortgage 213 79%7%
  • 281%
  • (104,000 / $37,000)
  • 313%
  • (141,000 / $45,000)
7Think Mutual Bank 179 74%5%
  • 130%
  • (39,000 / $30,000)
  • 127%
  • (51,000 / $40,000)
8Bank Of America 148 67%25%
  • 255%
  • (179,000 / $70,000)
  • 287%
  • (250,000 / $87,000)
9Beneficial Company Llc 144 9%79%
  • 161%
  • (118,000 / $73,000)
  • 219%
  • (90,000 / $41,000)
10Mortgage Guaranty Insurance Co 134 73%5%
  • 239%
  • (165,000 / $69,000)
  • 318%
  • (169,000 / $53,000)
11Countrywide Home Loans 134 82%11%
  • 234%
  • (155,000 / $66,000)
  • 307%
  • (117,000 / $38,000)
12Us Bank North Dakota 131 35%40%
  • 90%
  • (48,000 / $53,000)
  • 120%
  • (36,000 / $30,000)
13American Bank Of The North 127 74%13%
  • 138%
  • (330,000 / $239,000)
  • 351%
  • (109,000 / $31,000)
14Citifinancial Services Inc 102 37%38%
  • 176%
  • (141,000 / $80,000)
  • 158%
  • (49,000 / $31,000)
15Genworth Mortgage Insurance Co 101 65%2%
  • 270%
  • (157,000 / $58,000)
  • 234%
  • (54,000 / $23,000)
16Wells Fargo Funding 89 98%1%
  • 197%
  • (217,000 / $110,000)
  • 296%
  • (80,000 / $27,000)
17Wells Fargo Fin'l Minnesota 85 11%54%
  • 238%
  • (93,000 / $39,000)
  • 201%
  • (167,000 / $83,000)
18United Guaranty Corporation 84 69%8%
  • 240%
  • (183,000 / $76,000)
  • 360%
  • (83,000 / $23,000)
19Embrace Home Loans, 80 5%48%
  • 162%
  • (171,000 / $105,000)
  • 267%
  • (150,000 / $56,000)
20Citibank 79 69%20%
  • 61%
  • (64,000 / $104,000)
  • 78%
  • (52,000 / $66,000)

Zumbrota, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,379
  2. Loan Applications Denied: 1,501
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 5,318
  5. % of Loan Applications Originated 63

Zumbrota, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral10
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Zumbrota, 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 - $100,0003,063 6120
$100,000 - $300,0004,869 6316
$300,000 - $500,000436 6514
$500,000 - $1,000,0009 4433
$1,000,000 - $1,500,0002 5050

Zumbrota, 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 - $100,0006,824 6019
$100,000 - $300,0001,492 7111
$300,000 - $500,00042 824
$500,000 - $1,000,00018 6116
$1,000,000 - $1,500,0003 330

Loan to Income Ratios Research for Mortgage in Zumbrota, 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%38761 23
30 - 60%48966 19
60 - 100%61764 17
100 - 200%2,31566 14
200 - 300%2,44863 16
300 - 400%1,36161 17
> 400%76249 28

Zumbrota, 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 Dwelling7,923 6318
Not Owner-Occupied As A Principal Dwelling423 6915
Not Applicable9 770

Home Owner Property Type Statistics in Zumbrota, 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)7,660 6218
One To Four-Family542 764
Manufactured Housing177 4829
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