Top Erskine, MN Mortgage Refinance Lenders

RankErskine Mortgage Refinance LenderErskine Home Refinance Loans ProcessedErskine Home Refinance Loans ApprovedErskine Home Refinance Loans DeniedErskine Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansErskine Mortgage Refinance Median LTR for Denied Loans
1Merchants Bank 216 75%6%
  • 172%
  • (50,000 Loan / $29,000 Income)
  • 272%
  • (117,000 Loan / $43,000 Income)
2Wells Fargo Bank 121 50%23%
  • 172%
  • (74,000 / $43,000)
  • 193%
  • (58,000 / $30,000)
3Bremer Bank Na (Grand Forks) 77 85%6%
  • 159%
  • (75,000 / $47,000)
  • 111%
  • (75,000 / $67,000)
4Altra Federal Credit Union 65 76%3%
  • 207%
  • (158,000 / $76,000)
  • 282%
  • (96,000 / $34,000)
5Jpmorgan Chase Bank 53 88%9%
  • 123%
  • (144,000 / $117,000)
  • 216%
  • (195,000 / $90,000)
6Citimortgage 53 81%3%
  • 210%
  • (311,000 / $148,000)
  • 233%
  • (84,000 / $36,000)
7Bank Of The West 48 75%4%
  • 183%
  • (114,000 / $62,000)
  • 460%
  • (115,000 / $25,000)
8Ultima Bank Minnesota 35 94%5%
  • 81%
  • (35,000 / $43,000)
  • 64%
  • (22,000 / $34,000)
9American Federal Bank 33 87%12%
  • 123%
  • (311,000 / $252,000)
  • 444%
  • (298,000 / $67,000)
10Countrywide Bank Fsb 31 77%19%
  • 331%
  • (265,000 / $80,000)
  • 228%
  • (73,000 / $32,000)
11Eitzen State Bank 28 82%3%
  • 164%
  • (135,000 / $82,000)
  • 200%
  • (1,542,000 / $771,000)
12Embrace Home Loans, 25 4%20%
  • 270%
  • (208,000 / $77,000)
  • 145%
  • (45,000 / $31,000)
13Us Bank 22 77%13%
  • 274%
  • (349,000 / $127,000)
  • 203%
  • (59,000 / $29,000)
14Jennings State Bank 21 85%0%
  • 206%
  • (62,000 / $30,000)
0
15Unity Bank North 20 95%0%
  • 103%
  • (65,000 / $63,000)
0
16Affinity Plus Federal Credit U 20 65%15%
  • 194%
  • (140,000 / $72,000)
  • 260%
  • (125,000 / $48,000)
17Countrywide Home Loans 19 89%5%
  • 212%
  • (102,000 / $48,000)
  • 300%
  • (171,000 / $57,000)
18Central Bank 17 58%5%
  • 54%
  • (144,000 / $263,000)
  • 500%
  • (50,000 / $10,000)
19Beneficial Company Llc 17 11%64%
  • 192%
  • (110,000 / $57,000)
  • 195%
  • (90,000 / $46,000)
20Quicken Loans 15 53%33%
  • 241%
  • (82,000 / $34,000)
  • 243%
  • (156,000 / $64,000)

Erskine, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,410
  2. Loan Applications Denied: 196
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 958
  5. % of Loan Applications Originated 67

Erskine, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio15
Credit history15
Collateral13
Credit application incomplete4
Unverifiable information2

Erskine, 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 - $100,000586 6415
$100,000 - $300,000738 6913
$300,000 - $500,00076 736
$500,000 - $1,000,0006 8316
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0002 5050

Erskine, 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 - $100,0001,110 6416
$100,000 - $300,000267 765
$300,000 - $500,00014 990
$500,000 - $1,000,00017 7511
$1,000,000 - $1,500,0002 1000

Loan to Income Ratios Research for Mortgage Refinance in Erskine, 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%4866 14
30 - 60%10084 5
60 - 100%13269 9
100 - 200%46570 11
200 - 300%38566 16
300 - 400%16959 20
> 400%11155 18

Erskine, 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 Dwelling1,248 6614
Not Owner-Occupied As A Principal Dwelling158 808
Not Applicable1 00

Home Owner Property Type Statistics in Erskine, 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)1,332 6713
One To Four-Family41 759
Manufactured Housing37 5921
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