Top Berlin, MN Mortgage Lenders

RankBerlin Mortgage LenderBerlin Home Loans ProcessedBerlin Home Loans ApprovedBerlin Home Loans DeniedBerlin Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBerlin Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 399 64%16%
  • 172%
  • (148,000 Loan / $86,000 Income)
  • 212%
  • (172,000 Loan / $81,000 Income)
2Agstar Financial Services 103 55%9%
  • 162%
  • (120,000 / $74,000)
  • 368%
  • (265,000 / $72,000)
3Jpmorgan Chase Bank 101 84%14%
  • 230%
  • (288,000 / $125,000)
  • 230%
  • (210,000 / $91,000)
4Countrywide Bank Fsb 67 73%17%
  • 217%
  • (204,000 / $94,000)
  • 287%
  • (164,000 / $57,000)
5Us Bank 64 62%23%
  • 220%
  • (196,000 / $89,000)
  • 239%
  • (182,000 / $76,000)
6United Prairie Bank 62 38%32%
  • 112%
  • (63,000 / $56,000)
  • 238%
  • (200,000 / $84,000)
7Bank Of America 62 75%19%
  • 256%
  • (164,000 / $64,000)
  • 302%
  • (112,000 / $37,000)
8Beneficial Company Llc 43 4%95%
  • 229%
  • (177,000 / $77,000)
  • 240%
  • (190,000 / $79,000)
9Us Bank North Dakota 39 23%56%
  • 145%
  • (64,000 / $44,000)
  • 90%
  • (54,000 / $60,000)
10Wells Federal Bank 35 77%17%
  • 164%
  • (135,000 / $82,000)
  • 263%
  • (87,000 / $33,000)
11Countrywide Home Loans 34 79%11%
  • 202%
  • (87,000 / $43,000)
  • 239%
  • (98,000 / $41,000)
12Embrace Home Loans, 33 9%54%
  • 280%
  • (216,000 / $77,000)
  • 333%
  • (130,000 / $39,000)
13Citimortgage 29 82%6%
  • 236%
  • (199,000 / $84,000)
  • 378%
  • (159,000 / $42,000)
14Genworth Mortgage Insurance Co 28 42%3%
  • 195%
  • (119,000 / $61,000)
  • 275%
  • (171,000 / $62,000)
15Us Bk Na Nd 27 40%48%
  • 110%
  • (32,000 / $29,000)
  • 104%
  • (25,000 / $24,000)
16Quicken Loans 25 60%36%
  • 166%
  • (120,000 / $72,000)
  • 234%
  • (75,000 / $32,000)
17Mortgage Guaranty Insurance Co 24 91%4%
  • 273%
  • (123,000 / $45,000)
  • 351%
  • (151,000 / $43,000)
18Citifinancial Services Inc 23 21%43%
  • 182%
  • (144,000 / $79,000)
  • 283%
  • (88,000 / $31,000)
19Wells Fargo Funding 20 100%0%
  • 330%
  • (360,000 / $109,000)
0
20United Guaranty Corporation 19 68%0%
  • 235%
  • (271,000 / $115,000)
0

Berlin, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,851
  2. Loan Applications Denied: 422
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 1,087
  5. % of Loan Applications Originated 58

Berlin, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history12
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Berlin, 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 - $100,000683 5624
$100,000 - $300,0001,101 5921
$300,000 - $500,00064 3826
$500,000 - $1,000,0003 033

Berlin, 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 - $100,0001,545 5724
$100,000 - $300,000288 6214
$300,000 - $500,0008 3737
$500,000 - $1,000,0005 600
$1,000,000 - $1,500,0003 330
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Berlin, 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%7349 24
30 - 60%10251 27
60 - 100%13654 22
100 - 200%52065 15
200 - 300%58060 21
300 - 400%26554 30
> 400%17545 33

Berlin, 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 Dwelling1,784 5823
Not Owner-Occupied As A Principal Dwelling63 6814
Not Applicable2 1000

Home Owner Property Type Statistics in Berlin, 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)1,699 5824
One To Four-Family124 711
Manufactured Housing28 3242
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