Top Bloomington, MN Mortgage Lenders

RankBloomington Mortgage LenderBloomington Home Loans ProcessedBloomington Home Loans ApprovedBloomington Home Loans DeniedBloomington Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBloomington Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 5,886 70%13%
  • 208%
  • (188,000 Loan / $90,000 Income)
  • 203%
  • (155,000 Loan / $76,000 Income)
2Us Bank 1,415 81%9%
  • 227%
  • (166,000 / $73,000)
  • 273%
  • (126,000 / $46,000)
3Jpmorgan Chase Bank 1,340 87%9%
  • 217%
  • (124,000 / $57,000)
  • 247%
  • (161,000 / $65,000)
4Tcf National Bank 1,001 29%42%
  • 222%
  • (80,000 / $36,000)
  • 300%
  • (150,000 / $50,000)
5Citimortgage 964 81%5%
  • 229%
  • (236,000 / $103,000)
  • 236%
  • (255,000 / $108,000)
6Bank Of America 762 78%11%
  • 260%
  • (274,000 / $105,000)
  • 267%
  • (91,000 / $34,000)
7Us Bk Na Nd 681 48%36%
  • 120%
  • (95,000 / $79,000)
  • 172%
  • (38,000 / $22,000)
8Wells Fargo Funding 675 98%0%
  • 218%
  • (310,000 / $142,000)
  • 238%
  • (286,000 / $120,000)
9Citibank 607 70%13%
  • 147%
  • (187,000 / $127,000)
  • 127%
  • (229,000 / $180,000)
10Countrywide Bank Fsb 600 79%10%
  • 236%
  • (180,000 / $76,000)
  • 311%
  • (190,000 / $61,000)
11The Business Bank 416 93%3%
  • 241%
  • (133,000 / $55,000)
  • 279%
  • (109,000 / $39,000)
12Bell America Mortgage Llc Dba 406 73%1%
  • 279%
  • (288,000 / $103,000)
  • 430%
  • (215,000 / $50,000)
13Phh Home Loans 404 87%1%
  • 258%
  • (194,000 / $75,000)
  • 389%
  • (113,000 / $29,000)
14Mortgage Guaranty Insurance Co 367 76%5%
  • 304%
  • (146,000 / $48,000)
  • 298%
  • (218,000 / $73,000)
15Summit Mortgage Corporation 365 87%2%
  • 244%
  • (142,000 / $58,000)
  • 276%
  • (315,000 / $114,000)
16Us Bank North Dakota 359 36%43%
  • 146%
  • (22,000 / $15,000)
  • 180%
  • (350,000 / $194,000)
17Countrywide Home Loans 331 84%9%
  • 280%
  • (320,000 / $114,000)
  • 242%
  • (165,000 / $68,000)
18United Guaranty Corporation 307 82%4%
  • 278%
  • (295,000 / $106,000)
  • 200%
  • (414,000 / $206,000)
19Provident Funding Associates 300 76%13%
  • 249%
  • (182,000 / $73,000)
  • 310%
  • (267,000 / $86,000)
20Radian Guaranty 298 81%1%
  • 268%
  • (164,000 / $61,000)
  • 352%
  • (236,000 / $67,000)

Bloomington, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 28,274
  2. Loan Applications Denied: 4,186
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 19,507
  5. % of Loan Applications Originated 68

Bloomington, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio10
Credit history8
Credit application incomplete3
Unverifiable information2

Bloomington, 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 - $100,0005,237 6219
$100,000 - $300,00020,774 6913
$300,000 - $500,0002,144 7013
$500,000 - $1,000,000103 4436
$1,000,000 - $1,500,00014 4935
$1,500,000 - $2,000,0002 1000

Bloomington, 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 - $100,00020,146 6716
$100,000 - $300,0007,691 7210
$300,000 - $500,000275 7313
$500,000 - $1,000,000126 6818
$1,000,000 - $1,500,00025 3240
$1,500,000 - $2,000,0003 330
> $2,000,0008 5037

Loan to Income Ratios Research for Mortgage in Bloomington, 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%89759 25
30 - 60%1,34761 20
60 - 100%1,97169 14
100 - 200%7,28672 10
200 - 300%8,24871 12
300 - 400%5,09168 15
> 400%3,43456 24

Bloomington, 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 Dwelling26,971 6914
Not Owner-Occupied As A Principal Dwelling1,251 6517
Not Applicable11 7227

Home Owner Property Type Statistics in Bloomington, 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)26,688 6815
One To Four-Family1,551 784
Manufactured Housing35 1168
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