Top Morken, MN Mortgage Refinance Lenders

RankMorken Mortgage Refinance LenderMorken Home Refinance Loans ProcessedMorken Home Refinance Loans ApprovedMorken Home Refinance Loans DeniedMorken Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansMorken Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 62 61%25%
  • 170%
  • (99,000 Loan / $58,000 Income)
  • 290%
  • (148,000 Loan / $51,000 Income)
2State Bank & Trust 44 86%9%
  • 117%
  • (240,000 / $204,000)
  • 197%
  • (95,000 / $48,000)
3Bremer Bank Na (Fargo) 28 71%7%
  • 79%
  • (129,000 / $162,000)
  • 416%
  • (350,000 / $84,000)
4Gate City Bank 22 81%0%
  • 221%
  • (133,000 / $60,000)
0
5Northwestern Bank 12 91%8%
  • 113%
  • (86,000 / $76,000)
  • 147%
  • (75,000 / $51,000)
6Us Bank 11 72%27%
  • 192%
  • (173,000 / $90,000)
  • 564%
  • (220,000 / $39,000)
7Wells Fargo Funding 10 100%0% 0 0
8Jpmorgan Chase Bank 10 90%0%
  • 190%
  • (152,000 / $80,000)
0
9Citimortgage 10 70%10%
  • 377%
  • (412,000 / $109,000)
  • 106%
  • (186,000 / $174,000)
10Town And Country Credit Union 9 100%0%
  • 266%
  • (261,000 / $98,000)
0
11First National Bank 9 66%33%
  • 131%
  • (142,000 / $108,000)
  • 174%
  • (129,000 / $74,000)
12Affinity Plus Federal Credit U 9 88%0%
  • 161%
  • (137,000 / $85,000)
0
13United Guaranty Corporation 8 75%12%
  • 263%
  • (258,000 / $98,000)
  • 340%
  • (153,000 / $45,000)
14First International Bank & Tru 8 87%12%
  • 340%
  • (153,000 / $45,000)
  • 483%
  • (145,000 / $30,000)
15Bank Of America 8 100%0%
  • 198%
  • (105,000 / $53,000)
0
16Alerus Financial 8 100%0%
  • 196%
  • (155,000 / $79,000)
0
17Us Bank North Dakota 7 28%42%
  • 342%
  • (154,000 / $45,000)
  • 75%
  • (75,000 / $100,000)
18Affiliated Mortgage Company 6 100%0% 0 0
19Us Bk Na Nd 5 20%80%
  • 65%
  • (68,000 / $104,000)
  • 181%
  • (87,000 / $48,000)
20Quicken Loans 5 80%20%
  • 198%
  • (286,000 / $144,000)
  • 114%
  • (187,000 / $164,000)

Morken, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 404
  2. Loan Applications Denied: 65
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 280
  5. % of Loan Applications Originated 69

Morken, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history15
Debt-to-income ratio8
Credit application incomplete3
Insufficient cash (downpayment, closing costs)1

Morken, 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 - $100,000125 7116
$100,000 - $300,000267 6715
$300,000 - $500,00011 8118
$500,000 - $1,000,0001 0100

Morken, 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 - $100,000310 6518
$100,000 - $300,00085 835
$300,000 - $500,0005 4060
$500,000 - $1,000,0002 5050
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage Refinance in Morken, 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%1877 22
30 - 60%2974 10
60 - 100%4581 8
100 - 200%12770 14
200 - 300%9666 15
300 - 400%6357 15
> 400%2657 38

Morken, 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 Dwelling397 7015
Not Owner-Occupied As A Principal Dwelling7 2842

Home Owner Property Type Statistics in Morken, 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)375 6916
One To Four-Family18 725
Manufactured Housing11 6336
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