Top Avoca, MN Mortgage Lenders

RankAvoca Mortgage LenderAvoca Home Loans ProcessedAvoca Home Loans ApprovedAvoca Home Loans DeniedAvoca Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAvoca Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 973 61%16%
  • 205%
  • (187,000 Loan / $91,000 Income)
  • 168%
  • (91,000 Loan / $54,000 Income)
2Affinity Plus Federal Credit U 307 68%6%
  • 111%
  • (40,000 / $36,000)
  • 247%
  • (171,000 / $69,000)
3Jpmorgan Chase Bank 283 78%16%
  • 231%
  • (67,000 / $29,000)
  • 200%
  • (120,000 / $60,000)
4Citimortgage 243 79%8%
  • 202%
  • (73,000 / $36,000)
  • 273%
  • (123,000 / $45,000)
5Countrywide Bank Fsb 239 71%18%
  • 236%
  • (170,000 / $72,000)
  • 261%
  • (89,000 / $34,000)
6Beneficial Company Llc 190 8%74%
  • 201%
  • (121,000 / $60,000)
  • 205%
  • (115,000 / $56,000)
7Bank Of America 156 76%14%
  • 226%
  • (145,000 / $64,000)
  • 219%
  • (114,000 / $52,000)
8Mortgage Guaranty Insurance Co 151 76%7%
  • 225%
  • (61,000 / $27,000)
  • 236%
  • (154,000 / $65,000)
9Us Bank 148 75%14%
  • 205%
  • (140,000 / $68,000)
  • 233%
  • (140,000 / $60,000)
10Countrywide Home Loans 146 77%16%
  • 185%
  • (145,000 / $78,000)
  • 247%
  • (136,000 / $55,000)
11Genworth Mortgage Insurance Co 141 63%6%
  • 226%
  • (145,000 / $64,000)
  • 268%
  • (78,000 / $29,000)
12Us Bank North Dakota 134 35%44%
  • 112%
  • (84,000 / $75,000)
  • 143%
  • (93,000 / $65,000)
13Riverwood Bank 111 74%7%
  • 141%
  • (220,000 / $156,000)
  • 89%
  • (25,000 / $28,000)
14Phh Mortgage Corporation 109 87%1%
  • 209%
  • (178,000 / $85,000)
  • 452%
  • (199,000 / $44,000)
15Citifinancial Services Inc 101 32%41%
  • 172%
  • (38,000 / $22,000)
  • 137%
  • (40,000 / $29,000)
16Embrace Home Loans, 97 12%44%
  • 117%
  • (33,000 / $28,000)
  • 266%
  • (112,000 / $42,000)
17Wells Fargo Funding 95 98%0%
  • 227%
  • (150,000 / $66,000)
0
18United Guaranty Corporation 95 73%7%
  • 228%
  • (162,000 / $71,000)
  • 217%
  • (187,000 / $86,000)
19Agstar Financial Services 88 61%10%
  • 229%
  • (200,000 / $87,000)
  • 174%
  • (117,000 / $67,000)
20Wells Fargo Fin'l Minnesota 83 16%50%
  • 178%
  • (68,000 / $38,000)
  • 218%
  • (168,000 / $77,000)

Avoca, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,021
  2. Loan Applications Denied: 1,360
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 4,401
  5. % of Loan Applications Originated 62

Avoca, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Avoca, 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 - $100,0002,988 6121
$100,000 - $300,0003,730 6317
$300,000 - $500,000278 5420
$500,000 - $1,000,00023 5234
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Avoca, 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 - $100,0005,953 6120
$100,000 - $300,000991 6713
$300,000 - $500,00046 6415
$500,000 - $1,000,00023 4730
$1,000,000 - $1,500,0007 7128
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Avoca, 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%29662 22
30 - 60%44358 23
60 - 100%62565 20
100 - 200%2,12265 17
200 - 300%1,92063 17
300 - 400%1,02160 18
> 400%59448 30

Avoca, 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 Dwelling6,524 6219
Not Owner-Occupied As A Principal Dwelling449 6916
Not Applicable14 1442

Home Owner Property Type Statistics in Avoca, 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)6,258 6120
One To Four-Family572 745
Manufactured Housing191 5127
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