Top Birch Creek, MN Mortgage Lenders

RankBirch Creek Mortgage LenderBirch Creek Home Loans ProcessedBirch Creek Home Loans ApprovedBirch Creek Home Loans DeniedBirch Creek Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBirch Creek Mortgage Median LTR for Denied Loans
1Northview Bank 178 60%21%
  • 170%
  • (148,000 Loan / $87,000 Income)
  • 238%
  • (167,000 Loan / $70,000 Income)
2Woodlands National Bank 118 55%18%
  • 238%
  • (300,000 / $126,000)
  • 285%
  • (77,000 / $27,000)
3Lake State Federal Credit Unio 77 33%22%
  • 236%
  • (90,000 / $38,000)
  • 365%
  • (84,000 / $23,000)
4Wells Fargo Bank 67 64%14%
  • 131%
  • (178,000 / $135,000)
  • 138%
  • (65,000 / $47,000)
5Phh Mortgage Corporation 39 89%0%
  • 240%
  • (130,000 / $54,000)
0
6Jpmorgan Chase Bank 27 77%18%
  • 235%
  • (92,000 / $39,000)
  • 277%
  • (97,000 / $35,000)
7Flagstar Bank 27 70%25%
  • 200%
  • (120,000 / $60,000)
  • 260%
  • (112,000 / $43,000)
8Mortgage Guaranty Insurance Co 26 69%11%
  • 237%
  • (95,000 / $40,000)
  • 213%
  • (162,000 / $76,000)
9Bank Of America 18 77%16%
  • 189%
  • (188,000 / $99,000)
  • 392%
  • (153,000 / $39,000)
10Beneficial Company Llc 15 0%80% 0
  • 287%
  • (135,000 / $47,000)
11Affinity Plus Federal Credit U 15 66%6%
  • 117%
  • (80,000 / $68,000)
  • 246%
  • (111,000 / $45,000)
12Us Bank 13 76%15%
  • 280%
  • (247,000 / $88,000)
  • 167%
  • (132,000 / $79,000)
13Agstar Financial Services 13 46%38%
  • 254%
  • (135,000 / $53,000)
  • 277%
  • (150,000 / $54,000)
14Cmg Mortgage Insurance Co. 12 75%0%
  • 269%
  • (194,000 / $72,000)
0
15Citimortgage 12 83%8%
  • 267%
  • (238,000 / $89,000)
  • 136%
  • (250,000 / $183,000)
16Wells Fargo Funding 7 100%0%
  • 209%
  • (65,000 / $31,000)
0
17Us Bank North Dakota 7 71%14%
  • 330%
  • (225,000 / $68,000)
  • 362%
  • (210,000 / $58,000)
18Towne Mortgage Company 7 100%0%
  • 248%
  • (286,000 / $115,000)
0
19Radian Guaranty 7 85%0%
  • 225%
  • (45,000 / $20,000)
0
20Mortgage Network 7 85%14%
  • 199%
  • (335,000 / $168,000)
  • 279%
  • (240,000 / $86,000)

Birch Creek, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 980
  2. Loan Applications Denied: 207
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 558
  5. % of Loan Applications Originated 56

Birch Creek, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio15
Collateral15
Credit history14
Credit application incomplete2
Unverifiable information1

Birch Creek, 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 - $100,000332 6021
$100,000 - $300,000618 5421
$300,000 - $500,00029 5420
$500,000 - $1,000,0001 1000

Birch Creek, 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 - $100,000783 5422
$100,000 - $300,000186 6414
$300,000 - $500,0007 5728
$500,000 - $1,000,0002 1000
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Birch Creek, 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%2259 22
30 - 60%4963 22
60 - 100%11065 15
100 - 200%25860 17
200 - 300%27552 19
300 - 400%16855 22
> 400%9842 39

Birch Creek, 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 Dwelling825 5521
Not Owner-Occupied As A Principal Dwelling145 6718
Not Applicable4 5025

Home Owner Property Type Statistics in Birch Creek, 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)816 5621
Manufactured Housing113 5323
One To Four-Family51 667
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