Top Bloomfield, MN Mortgage Lenders

RankBloomfield Mortgage LenderBloomfield Home Loans ProcessedBloomfield Home Loans ApprovedBloomfield Home Loans DeniedBloomfield Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBloomfield Mortgage Median LTR for Denied Loans
1Home Federal Savings Bank 274 66%10%
  • 173%
  • (85,000 Loan / $49,000 Income)
  • 122%
  • (148,000 Loan / $121,000 Income)
2Wells Fargo Bank 164 60%21%
  • 182%
  • (150,000 / $82,000)
  • 175%
  • (100,000 / $57,000)
3Associated Bank 57 61%17%
  • 206%
  • (64,000 / $31,000)
  • 158%
  • (68,000 / $43,000)
4Security State Bank - Lewiston 47 76%23%
  • 95%
  • (58,000 / $61,000)
  • 120%
  • (70,000 / $58,000)
5Think Mutual Bank 45 66%6%
  • 100%
  • (66,000 / $66,000)
  • 257%
  • (85,000 / $33,000)
6Qr Lending Inc 36 44%8%
  • 200%
  • (92,000 / $46,000)
  • 264%
  • (45,000 / $17,000)
7Bank Of America 31 67%25%
  • 257%
  • (72,000 / $28,000)
  • 300%
  • (210,000 / $70,000)
8F & M Community Bank 28 96%3%
  • 102%
  • (82,000 / $80,000)
  • 266%
  • (56,000 / $21,000)
9Embrace Home Loans, 28 7%57%
  • 328%
  • (69,000 / $21,000)
  • 320%
  • (112,000 / $35,000)
10Wells Federal Bank 26 26%30%
  • 151%
  • (44,000 / $29,000)
  • 158%
  • (100,000 / $63,000)
11Mortgage Guaranty Insurance Co 25 72%8%
  • 241%
  • (70,000 / $29,000)
  • 309%
  • (127,000 / $41,000)
12Genworth Mortgage Insurance Co 25 72%0%
  • 278%
  • (320,000 / $115,000)
0
13Citifinancial Services Inc 25 36%44%
  • 207%
  • (58,000 / $28,000)
  • 236%
  • (52,000 / $22,000)
14Beneficial Company Llc 25 8%88%
  • 257%
  • (85,000 / $33,000)
  • 195%
  • (90,000 / $46,000)
15Countrywide Bank Fsb 24 66%12%
  • 263%
  • (50,000 / $19,000)
  • 230%
  • (97,000 / $42,000)
16First National Bank 22 59%36%
  • 25%
  • (9,000 / $35,000)
  • 57%
  • (20,000 / $35,000)
17Agstar Financial Services 22 54%4%
  • 291%
  • (268,000 / $92,000)
  • 132%
  • (103,000 / $78,000)
18Jpmorgan Chase Bank 21 80%14%
  • 194%
  • (37,000 / $19,000)
  • 163%
  • (198,000 / $121,000)
19Citimortgage 21 76%14%
  • 387%
  • (120,000 / $31,000)
  • 285%
  • (97,000 / $34,000)
20Us Bank 17 76%17%
  • 188%
  • (192,000 / $102,000)
  • 140%
  • (52,000 / $37,000)

Bloomfield, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,393
  2. Loan Applications Denied: 286
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 824
  5. % of Loan Applications Originated 59

Bloomfield, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral13
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information1

Bloomfield, 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 - $100,000796 5921
$100,000 - $300,000568 5719
$300,000 - $500,00028 7114
$500,000 - $1,000,0001 1000

Bloomfield, 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 - $100,0001,200 5522
$100,000 - $300,000189 7410
$300,000 - $500,0003 1000
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Bloomfield, 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%8268 23
30 - 60%10460 21
60 - 100%13165 22
100 - 200%46957 20
200 - 300%34561 18
300 - 400%17257 18
> 400%9037 30

Bloomfield, 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 Dwelling1,342 5820
Not Owner-Occupied As A Principal Dwelling48 7212
Not Applicable3 660

Home Owner Property Type Statistics in Bloomfield, 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)1,279 5820
One To Four-Family87 745
Manufactured Housing27 4848
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