Top Benton, MN Mortgage Lenders

RankBenton Mortgage LenderBenton Home Loans ProcessedBenton Home Loans ApprovedBenton Home Loans DeniedBenton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBenton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 214 70%11%
  • 247%
  • (141,000 Loan / $57,000 Income)
  • 317%
  • (403,000 Loan / $127,000 Income)
2Kleinbank 147 81%8%
  • 195%
  • (47,000 / $24,000)
  • 406%
  • (122,000 / $30,000)
3Jpmorgan Chase Bank 52 92%5%
  • 272%
  • (251,000 / $92,000)
  • 327%
  • (144,000 / $44,000)
4Us Bank 41 75%7%
  • 286%
  • (238,000 / $83,000)
  • 263%
  • (224,000 / $85,000)
5Wells Fargo Funding 39 100%0%
  • 317%
  • (279,000 / $88,000)
0
6Bank Of America 35 57%17%
  • 189%
  • (264,000 / $139,000)
  • 211%
  • (362,000 / $171,000)
7Citimortgage 24 91%4%
  • 284%
  • (94,000 / $33,000)
  • 362%
  • (174,000 / $48,000)
8Countrywide Bank Fsb 23 82%4%
  • 310%
  • (180,000 / $58,000)
  • 483%
  • (174,000 / $36,000)
9Bell America Mortgage Llc Dba 19 63%0%
  • 371%
  • (223,000 / $60,000)
0
10United Guaranty Corporation 17 82%5%
  • 233%
  • (264,000 / $113,000)
  • 360%
  • (238,000 / $66,000)
11Republic Mortgage Insurance Co 16 81%6%
  • 378%
  • (208,000 / $55,000)
  • 218%
  • (210,000 / $96,000)
12Hfc Company Llc 16 12%81%
  • 384%
  • (204,000 / $53,000)
  • 274%
  • (255,000 / $93,000)
13Countrywide Home Loans 16 68%31%
  • 317%
  • (276,000 / $87,000)
  • 220%
  • (201,000 / $91,000)
14Agstar Financial Services 16 87%6%
  • 267%
  • (115,000 / $43,000)
  • 350%
  • (98,000 / $28,000)
15The Business Bank 14 85%7%
  • 209%
  • (174,000 / $83,000)
  • 246%
  • (180,000 / $73,000)
16Radian Guaranty 14 64%0%
  • 260%
  • (237,000 / $91,000)
0
17Citizens State Bank Norwood Yo 13 61%30%
  • 198%
  • (210,000 / $106,000)
  • 384%
  • (123,000 / $32,000)
18Provident Funding Associates 12 83%8%
  • 189%
  • (203,000 / $107,000)
  • 252%
  • (149,000 / $59,000)
19Phh Home Loans 12 100%0%
  • 241%
  • (261,000 / $108,000)
0
20First Tennessee Bank Na 12 83%0%
  • 335%
  • (302,000 / $90,000)
0

Benton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,141
  2. Loan Applications Denied: 158
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 798
  5. % of Loan Applications Originated 69

Benton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history6
Debt-to-income ratio5
Credit application incomplete2
Unverifiable information1

Benton, 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 - $100,000189 6721
$100,000 - $300,000866 7012
$300,000 - $500,00084 5815
$500,000 - $1,000,0002 1000

Benton, 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 - $100,000884 6815
$100,000 - $300,000250 738
$300,000 - $500,0004 1000
$500,000 - $1,000,0001 0100
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Benton, 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%4870 18
30 - 60%4271 16
60 - 100%5760 22
100 - 200%25074 10
200 - 300%32973 10
300 - 400%26669 13
> 400%14956 20

Benton, 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 Dwelling1,115 6913
Not Owner-Occupied As A Principal Dwelling25 728
Not Applicable1 1000

Home Owner Property Type Statistics in Benton, 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)1,064 6914
One To Four-Family76 765
Manufactured Housing1 00
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