Top Elmore, MN Mortgage Refinance Lenders

RankElmore Mortgage Refinance LenderElmore Home Refinance Loans ProcessedElmore Home Refinance Loans ApprovedElmore Home Refinance Loans DeniedElmore Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansElmore Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 732 60%17%
  • 177%
  • (233,000 Loan / $131,000 Income)
  • 181%
  • (131,000 Loan / $72,000 Income)
2Jpmorgan Chase Bank 132 83%14%
  • 203%
  • (134,000 / $66,000)
  • 241%
  • (58,000 / $24,000)
3Countrywide Bank Fsb 132 68%15%
  • 159%
  • (126,000 / $79,000)
  • 230%
  • (97,000 / $42,000)
4Citimortgage 114 78%7%
  • 232%
  • (86,000 / $37,000)
  • 277%
  • (75,000 / $27,000)
5Us Bank 108 77%12%
  • 218%
  • (337,000 / $154,000)
  • 255%
  • (189,000 / $74,000)
6Embrace Home Loans, 103 11%43%
  • 188%
  • (115,000 / $61,000)
  • 192%
  • (110,000 / $57,000)
7Beneficial Company Llc 95 4%85%
  • 161%
  • (50,000 / $31,000)
  • 198%
  • (105,000 / $53,000)
8Home Federal Savings Bank 90 51%10%
  • 167%
  • (134,000 / $80,000)
  • 77%
  • (54,000 / $70,000)
9State Bank & Trust 85 63%18%
  • 106%
  • (46,000 / $43,000)
  • 180%
  • (92,000 / $51,000)
10Citifinancial Services Inc 80 43%33%
  • 194%
  • (37,000 / $19,000)
  • 133%
  • (16,000 / $12,000)
11Wells Fargo Fin'l Minnesota 78 20%44%
  • 220%
  • (99,000 / $45,000)
  • 216%
  • (173,000 / $80,000)
12Countrywide Home Loans 76 75%17%
  • 202%
  • (146,000 / $72,000)
  • 187%
  • (103,000 / $55,000)
13Genworth Mortgage Insurance Co 61 54%1%
  • 211%
  • (142,000 / $67,000)
  • 181%
  • (58,000 / $32,000)
14Bank Of America 59 74%15%
  • 198%
  • (139,000 / $70,000)
  • 285%
  • (134,000 / $47,000)
15Mortgage Guaranty Insurance Co 57 61%8%
  • 183%
  • (68,000 / $37,000)
  • 218%
  • (131,000 / $60,000)
16Us Bank North Dakota 53 32%37%
  • 129%
  • (120,000 / $93,000)
  • 133%
  • (56,000 / $42,000)
17Wells Fargo Funding 51 98%0%
  • 164%
  • (417,000 / $254,000)
0
18Associated Bank 50 72%8%
  • 182%
  • (225,000 / $123,000)
  • 292%
  • (167,000 / $57,000)
19Gmac Mortgage Llc 47 10%48%
  • 214%
  • (103,000 / $48,000)
  • 251%
  • (68,000 / $27,000)
20Citibank 46 80%13%
  • 134%
  • (105,000 / $78,000)
  • 87%
  • (54,000 / $62,000)

Elmore, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,852
  2. Loan Applications Denied: 788
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,263
  5. % of Loan Applications Originated 58

Elmore, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio9
Credit history9
Credit application incomplete3
Unverifiable information1

Elmore, MN Mortgage Refinance Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0001,491 5620
$100,000 - $300,0002,216 5820
$300,000 - $500,000131 6712
$500,000 - $1,000,00011 3645
$1,000,000 - $1,500,0002 500
$1,500,000 - $2,000,0001 1000

Elmore, MN Home Loans Refinance Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0003,183 5621
$100,000 - $300,000623 6913
$300,000 - $500,00027 6618
$500,000 - $1,000,00018 5422
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage Refinance in Elmore, 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%9948 18
30 - 60%24064 13
60 - 100%30862 22
100 - 200%1,34961 17
200 - 300%1,07659 20
300 - 400%46752 24
> 400%31340 31

Elmore, MN Home Owner Occupancy Type Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling3,402 5621
Not Owner-Occupied As A Principal Dwelling433 7312
Not Applicable8 3725

Home Owner Property Type Statistics in Elmore, MN for Home Loan Refinance

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)3,578 5821
One To Four-Family215 673
Manufactured Housing59 6127
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