Top Apple Valley, MN Mortgage Lenders

RankApple Valley Mortgage LenderApple Valley Home Loans ProcessedApple Valley Home Loans ApprovedApple Valley Home Loans DeniedApple Valley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansApple Valley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 5,123 73%10%
  • 205%
  • (183,000 Loan / $89,000 Income)
  • 205%
  • (296,000 Loan / $144,000 Income)
2Us Bank 1,332 83%7%
  • 231%
  • (356,000 / $154,000)
  • 250%
  • (133,000 / $53,000)
3Jpmorgan Chase Bank 1,234 90%8%
  • 200%
  • (205,000 / $102,000)
  • 208%
  • (346,000 / $166,000)
4Citimortgage 824 85%5%
  • 232%
  • (181,000 / $78,000)
  • 309%
  • (557,000 / $180,000)
5Tcf National Bank 786 37%29%
  • 214%
  • (73,000 / $34,000)
  • 273%
  • (208,000 / $76,000)
6Bank Of America 731 81%10%
  • 230%
  • (228,000 / $99,000)
  • 216%
  • (229,000 / $106,000)
7Countrywide Bank Fsb 659 77%10%
  • 221%
  • (259,000 / $117,000)
  • 287%
  • (178,000 / $62,000)
8Wells Fargo Funding 599 98%0%
  • 278%
  • (265,000 / $95,000)
  • 386%
  • (205,000 / $53,000)
9Citibank 535 79%10%
  • 136%
  • (153,000 / $112,000)
  • 132%
  • (93,000 / $70,000)
10Countrywide Home Loans 422 88%6%
  • 257%
  • (340,000 / $132,000)
  • 217%
  • (98,000 / $45,000)
11Phh Home Loans 406 90%2%
  • 267%
  • (155,000 / $58,000)
  • 248%
  • (97,000 / $39,000)
12Affinity Plus Federal Credit U 372 67%2%
  • 112%
  • (93,000 / $83,000)
  • 298%
  • (203,000 / $68,000)
13Mortgage Guaranty Insurance Co 345 79%5%
  • 298%
  • (245,000 / $82,000)
  • 279%
  • (277,000 / $99,000)
14Bell America Mortgage Llc Dba 333 78%1%
  • 262%
  • (205,000 / $78,000)
  • 384%
  • (1,000,000 / $260,000)
15United Guaranty Corporation 332 83%4%
  • 267%
  • (294,000 / $110,000)
  • 273%
  • (205,000 / $75,000)
16Wings Financial Credit Union 321 80%8%
  • 193%
  • (327,000 / $169,000)
  • 289%
  • (295,000 / $102,000)
17The Business Bank 311 91%4%
  • 240%
  • (168,000 / $70,000)
  • 250%
  • (180,000 / $72,000)
18Radian Guaranty 306 85%1%
  • 293%
  • (211,000 / $72,000)
  • 326%
  • (137,000 / $42,000)
19Us Bk Na Nd 282 47%35%
  • 95%
  • (113,000 / $118,000)
  • 150%
  • (163,000 / $108,000)
20Provident Funding Associates 273 72%12%
  • 223%
  • (212,000 / $95,000)
  • 222%
  • (140,000 / $63,000)

Apple Valley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 26,283
  2. Loan Applications Denied: 3,473
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 18,619
  5. % of Loan Applications Originated 70

Apple Valley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio8
Credit history7
Credit application incomplete2
Unverifiable information1

Apple Valley, 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 - $100,0004,757 6616
$100,000 - $300,00018,360 7012
$300,000 - $500,0003,035 7311
$500,000 - $1,000,000128 4035
$1,000,000 - $1,500,0002 5050
> $2,000,0001 0100

Apple Valley, 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 - $100,00017,071 6814
$100,000 - $300,0008,879 7311
$300,000 - $500,000234 7510
$500,000 - $1,000,00077 6412
$1,000,000 - $1,500,00013 6015
$1,500,000 - $2,000,0004 5025
> $2,000,0005 4040

Loan to Income Ratios Research for Mortgage in Apple Valley, 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%94661 22
30 - 60%1,33265 15
60 - 100%1,82268 13
100 - 200%6,73173 10
200 - 300%8,03672 11
300 - 400%4,87170 12
> 400%2,54561 21

Apple Valley, 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 Dwelling25,269 7013
Not Owner-Occupied As A Principal Dwelling960 6716
Not Applicable15 4633

Home Owner Property Type Statistics in Apple Valley, 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)24,441 7013
One To Four-Family1,597 803
Manufactured Housing245 3828
More Apple Valley, MN Mortgage Research: