Top Andover, MN 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
1Wells Fargo Bank 3,778 70%13%
  • 204%
  • (250,000 Loan / $122,000 Income)
  • 216%
  • (130,000 Loan / $60,000 Income)
2Us Bank 943 85%8%
  • 245%
  • (103,000 / $42,000)
  • 277%
  • (272,000 / $98,000)
3Jpmorgan Chase Bank 937 88%9%
  • 240%
  • (279,000 / $116,000)
  • 221%
  • (166,000 / $75,000)
4Tcf National Bank 804 28%43%
  • 182%
  • (126,000 / $69,000)
  • 282%
  • (274,000 / $97,000)
5Citimortgage 694 81%5%
  • 225%
  • (270,000 / $120,000)
  • 244%
  • (257,000 / $105,000)
6Bank Of America 549 79%9%
  • 245%
  • (179,000 / $73,000)
  • 272%
  • (191,000 / $70,000)
7Citibank 442 72%11%
  • 170%
  • (187,000 / $110,000)
  • 96%
  • (83,000 / $86,000)
8The Business Bank 438 93%3%
  • 245%
  • (417,000 / $170,000)
  • 235%
  • (306,000 / $130,000)
9Wells Fargo Funding 413 99%0%
  • 200%
  • (182,000 / $91,000)
  • 180%
  • (126,000 / $70,000)
10Countrywide Bank Fsb 363 71%15%
  • 220%
  • (121,000 / $55,000)
  • 281%
  • (256,000 / $91,000)
11Bell America Mortgage Llc Dba 298 75%1%
  • 264%
  • (568,000 / $215,000)
  • 229%
  • (417,000 / $182,000)
12Affinity Plus Federal Credit U 261 69%2%
  • 110%
  • (65,000 / $59,000)
  • 81%
  • (110,000 / $135,000)
13State Bank & Trust 236 77%2%
  • 252%
  • (315,000 / $125,000)
  • 323%
  • (191,000 / $59,000)
14Us Bk Na Nd 233 47%41%
  • 96%
  • (75,000 / $78,000)
  • 157%
  • (218,000 / $138,000)
15Us Bank North Dakota 224 45%34%
  • 84%
  • (60,000 / $71,000)
  • 103%
  • (160,000 / $155,000)
16Countrywide Home Loans 221 82%8%
  • 301%
  • (175,000 / $58,000)
  • 346%
  • (90,000 / $26,000)
17Marketplace Home Mortgage Llc 202 86%0%
  • 266%
  • (181,000 / $68,000)
  • 463%
  • (88,000 / $19,000)
18United Guaranty Corporation 198 82%4%
  • 261%
  • (220,000 / $84,000)
  • 320%
  • (337,000 / $105,000)
19C.U. Mortgage Services, 197 66%8%
  • 220%
  • (240,000 / $109,000)
  • 354%
  • (188,000 / $53,000)
20Mortgage Guaranty Insurance Co 195 71%6%
  • 292%
  • (149,000 / $51,000)
  • 219%
  • (270,000 / $123,000)

Andover, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 18,542
  2. Loan Applications Denied: 2,773
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 12,669
  5. % of Loan Applications Originated 68

Andover, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio10
Credit history8
Credit application incomplete3
Unverifiable information2

Andover, 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 - $100,0002,974 6220
$100,000 - $300,00013,689 7012
$300,000 - $500,0001,762 6020
$500,000 - $1,000,000115 3832
$1,000,000 - $1,500,0002 1000

Andover, 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 - $100,00012,341 6615
$100,000 - $300,0005,993 6913
$300,000 - $500,000155 6714
$500,000 - $1,000,00041 517
$1,000,000 - $1,500,0005 4040
$1,500,000 - $2,000,0004 250
> $2,000,0003 6633

Loan to Income Ratios Research for Mortgage in Andover, 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%65257 24
30 - 60%82861 20
60 - 100%1,21668 14
100 - 200%4,80072 11
200 - 300%5,55070 13
300 - 400%3,45268 13
> 400%2,04456 24

Andover, 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 Dwelling18,006 6814
Not Owner-Occupied As A Principal Dwelling500 6219
Not Applicable11 4536

Home Owner Property Type Statistics in Andover, 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)17,514 6815
One To Four-Family928 774
Manufactured Housing100 3250
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