Top Andover, ME Mortgage Lenders

RankAndover Mortgage LenderAndover Home Loans ProcessedAndover Home Loans ApprovedAndover Home Loans DeniedAndover Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAndover Mortgage Median LTR for Denied Loans
1Norway Savings Bank 64 54%26%
  • 122%
  • (712,000 Loan / $579,000 Income)
  • 129%
  • (70,000 Loan / $54,000 Income)
2Northeast Bank 47 68%17%
  • 128%
  • (272,000 / $211,000)
  • 151%
  • (65,000 / $43,000)
3Wells Fargo Bank 44 63%18%
  • 81%
  • (340,000 / $415,000)
  • 116%
  • (384,000 / $329,000)
4Bank Of America 43 69%18%
  • 114%
  • (417,000 / $365,000)
  • 129%
  • (129,000 / $100,000)
5Jpmorgan Chase Bank 33 75%12%
  • 131%
  • (84,000 / $64,000)
  • 200%
  • (186,000 / $93,000)
6Countrywide Bank Fsb 33 87%6%
  • 157%
  • (134,000 / $85,000)
  • 339%
  • (173,000 / $51,000)
7Td Bank N.A. 30 80%13%
  • 101%
  • (305,000 / $300,000)
  • 140%
  • (152,000 / $108,000)
8Citimortgage 20 95%5%
  • 100%
  • (65,000 / $65,000)
  • 361%
  • (228,000 / $63,000)
9Countrywide Home Loans 15 86%6%
  • 387%
  • (186,000 / $48,000)
  • 120%
  • (187,000 / $155,000)
10Beneficial Company Llc 15 0%46% 0
  • 117%
  • (46,000 / $39,000)
11Rbs Citizens 13 76%15%
  • 135%
  • (225,000 / $166,000)
  • 100%
  • (40,000 / $40,000)
12Bangor Savings Bank 12 58%33%
  • 118%
  • (104,000 / $88,000)
  • 214%
  • (90,000 / $42,000)
13Mortgage Master, 11 100%0%
  • 92%
  • (220,000 / $239,000)
0
14First Place Bank 11 90%0%
  • 63%
  • (102,000 / $160,000)
0
15Wells Fargo Funding 10 100%0% 0 0
16Keybank National Association 10 60%20%
  • 180%
  • (298,000 / $165,000)
  • 3000%
  • (90,000 / $3,000)
17Androscoggin Bank 10 70%0%
  • 200%
  • (230,000 / $115,000)
0
18Quicken Loans 9 66%22%
  • 207%
  • (235,000 / $113,000)
  • 421%
  • (320,000 / $76,000)
19Mortgage Network 9 100%0%
  • 157%
  • (216,000 / $137,000)
0
20Citifinancial, 9 33%33%
  • 184%
  • (46,000 / $25,000)
  • 180%
  • (94,000 / $52,000)

Andover, ME Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 729
  2. Loan Applications Denied: 131
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 483
  5. % of Loan Applications Originated 66

Andover, ME Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral25
Debt-to-income ratio15
Credit history12
Credit application incomplete4
Insufficient cash (downpayment, closing costs)3

Andover, ME Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000197 5425
$100,000 - $300,000355 6915
$300,000 - $500,000147 7414
$500,000 - $1,000,00027 5418
$1,000,000 - $1,500,0003 660

Andover, ME Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000291 5425
$100,000 - $300,000305 7114
$300,000 - $500,00073 7712
$500,000 - $1,000,00044 806
$1,000,000 - $1,500,0009 880
$1,500,000 - $2,000,0003 3333
> $2,000,0004 750

Loan to Income Ratios Research for Mortgage in Andover, ME

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%4177 14
30 - 60%11471 13
60 - 100%15170 12
100 - 200%20965 20
200 - 300%11260 17
300 - 400%6663 22
> 400%3638 38

Andover, ME Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling448 7314
Owner-Occupied As A Principal Dwelling267 5323
Not Applicable6 5016

Home Owner Property Type Statistics in Andover, ME 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)708 6618
One To Four-Family14 7114
Manufactured Housing7 570
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