Top Birch Cooley, MN Mortgage Lenders

RankBirch Cooley Mortgage LenderBirch Cooley Home Loans ProcessedBirch Cooley Home Loans ApprovedBirch Cooley Home Loans DeniedBirch Cooley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBirch Cooley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 67 55%23%
  • 144%
  • (75,000 Loan / $52,000 Income)
  • 166%
  • (90,000 Loan / $54,000 Income)
2Hometown Bank 61 73%19%
  • 157%
  • (71,000 / $45,000)
  • 144%
  • (75,000 / $52,000)
3Trustone Financial Fcu 48 39%16%
  • 85%
  • (40,000 / $47,000)
  • 176%
  • (44,000 / $25,000)
4Minnwest Bank Mv 44 81%11%
  • 66%
  • (46,000 / $69,000)
  • 78%
  • (29,000 / $37,000)
5Jpmorgan Chase Bank 32 75%21%
  • 300%
  • (69,000 / $23,000)
  • 137%
  • (80,000 / $58,000)
6Citimortgage 24 83%0%
  • 297%
  • (104,000 / $35,000)
0
7Bremer Bank Na (Willmar) 21 61%9%
  • 171%
  • (142,000 / $83,000)
  • 248%
  • (241,000 / $97,000)
8Beneficial Company Llc 21 14%80%
  • 213%
  • (94,000 / $44,000)
  • 158%
  • (73,000 / $46,000)
9Mortgage Guaranty Insurance Co 20 65%10%
  • 218%
  • (327,000 / $150,000)
  • 500%
  • (150,000 / $30,000)
10Citifinancial Services Inc 19 36%42%
  • 150%
  • (57,000 / $38,000)
  • 55%
  • (25,000 / $45,000)
11Gmac Mortgage Llc 18 5%55%
  • 130%
  • (60,000 / $46,000)
  • 260%
  • (65,000 / $25,000)
12Countrywide Bank Fsb 16 62%18%
  • 254%
  • (145,000 / $57,000)
  • 285%
  • (243,000 / $85,000)
13Minnwest Mortgage Corporation 15 66%13%
  • 190%
  • (57,000 / $30,000)
  • 315%
  • (161,000 / $51,000)
14Bank Of America 14 71%7%
  • 276%
  • (180,000 / $65,000)
  • 250%
  • (120,000 / $48,000)
15Valley Bank 13 100%0%
  • 80%
  • (75,000 / $93,000)
0
16National City Bank 12 75%8%
  • 140%
  • (86,000 / $61,000)
  • 435%
  • (74,000 / $17,000)
17Hfc Company Llc 12 0%75% 0
  • 119%
  • (85,000 / $71,000)
18Genworth Mortgage Insurance Co 12 50%0%
  • 140%
  • (59,000 / $42,000)
0
19Embrace Home Loans, 12 8%41%
  • 162%
  • (70,000 / $43,000)
  • 197%
  • (75,000 / $38,000)
20Us Bank 10 80%20%
  • 160%
  • (128,000 / $80,000)
  • 400%
  • (100,000 / $25,000)

Birch Cooley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 814
  2. Loan Applications Denied: 177
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 474
  5. % of Loan Applications Originated 58

Birch Cooley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral13
Debt-to-income ratio4
Credit application incomplete4
Insufficient cash (downpayment, closing costs)1

Birch Cooley, 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 - $100,000536 5724
$100,000 - $300,000266 5617
$300,000 - $500,00010 900
$500,000 - $1,000,0002 1000

Birch Cooley, 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 - $100,000751 5622
$100,000 - $300,00056 7412
$300,000 - $500,0003 990
$500,000 - $1,000,0002 1000
$1,000,000 - $1,500,0002 050

Loan to Income Ratios Research for Mortgage in Birch Cooley, 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%4042 42
30 - 60%7065 20
60 - 100%13062 18
100 - 200%27960 19
200 - 300%19255 22
300 - 400%6249 20
> 400%4150 29

Birch Cooley, 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 Dwelling782 5722
Not Owner-Occupied As A Principal Dwelling26 7615
Not Applicable2 1000

Home Owner Property Type Statistics in Birch Cooley, 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)745 5722
One To Four-Family54 703
Manufactured Housing15 4640
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