Top Brighton, MN Mortgage Lenders

RankBrighton Mortgage LenderBrighton Home Loans ProcessedBrighton Home Loans ApprovedBrighton Home Loans DeniedBrighton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBrighton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 274 68%14%
  • 222%
  • (138,000 Loan / $62,000 Income)
  • 250%
  • (193,000 Loan / $77,000 Income)
2Alliance Bank 91 92%1%
  • 148%
  • (134,000 / $90,000)
  • 209%
  • (149,000 / $71,000)
3Frandsen Bank & Trust 87 95%2%
  • 145%
  • (148,000 / $102,000)
  • 357%
  • (100,000 / $28,000)
4Citizens Bank Minnesota 80 88%5%
  • 176%
  • (37,000 / $21,000)
  • 306%
  • (251,000 / $82,000)
5Affinity Plus Federal Credit U 59 64%6%
  • 66%
  • (20,000 / $30,000)
  • 224%
  • (130,000 / $58,000)
6Mortgage Guaranty Insurance Co 40 67%15%
  • 265%
  • (175,000 / $66,000)
  • 295%
  • (133,000 / $45,000)
7Genworth Mortgage Insurance Co 37 37%2%
  • 301%
  • (280,000 / $93,000)
  • 443%
  • (293,000 / $66,000)
8Phh Mortgage Corporation 35 100%0%
  • 217%
  • (250,000 / $115,000)
0
9Countrywide Bank Fsb 32 71%9%
  • 231%
  • (160,000 / $69,000)
  • 144%
  • (129,000 / $89,000)
10Citimortgage 29 89%0%
  • 229%
  • (195,000 / $85,000)
0
11Agstar Financial Services 26 57%15%
  • 190%
  • (162,000 / $85,000)
  • 330%
  • (165,000 / $50,000)
12Tcf National Bank 23 47%34%
  • 207%
  • (58,000 / $28,000)
  • 253%
  • (190,000 / $75,000)
13Citibank 22 63%22%
  • 93%
  • (98,000 / $105,000)
  • 83%
  • (40,000 / $48,000)
14Wells Fargo Fin'l Minnesota 21 19%57%
  • 326%
  • (150,000 / $46,000)
  • 297%
  • (235,000 / $79,000)
15Countrywide Home Loans 20 75%20%
  • 229%
  • (140,000 / $61,000)
  • 212%
  • (132,000 / $62,000)
16Nicollet County Bank Of St. Pe 19 84%5%
  • 215%
  • (237,000 / $110,000)
  • 277%
  • (200,000 / $72,000)
17Jpmorgan Chase Bank 19 84%15%
  • 308%
  • (151,000 / $49,000)
  • 180%
  • (130,000 / $72,000)
18Beneficial Company Llc 18 0%83% 0
  • 187%
  • (90,000 / $48,000)
19Us Bank 17 70%0%
  • 298%
  • (245,000 / $82,000)
0
20Us Bank North Dakota 16 31%37%
  • 226%
  • (136,000 / $60,000)
  • 104%
  • (51,000 / $49,000)

Brighton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,432
  2. Loan Applications Denied: 208
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 974
  5. % of Loan Applications Originated 68

Brighton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history8
Debt-to-income ratio5
Unverifiable information2
Credit application incomplete2

Brighton, 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 - $100,000443 6616
$100,000 - $300,000939 6713
$300,000 - $500,00047 7212
$500,000 - $1,000,0003 6633

Brighton, 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 - $100,0001,193 6615
$100,000 - $300,000224 7510
$300,000 - $500,00010 1000
$500,000 - $1,000,0003 660
$1,000,000 - $1,500,0001 00
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Brighton, 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%6373 11
30 - 60%11065 19
60 - 100%10969 14
100 - 200%36770 10
200 - 300%43768 12
300 - 400%21664 18
> 400%13057 22

Brighton, 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 Dwelling1,384 6714
Not Owner-Occupied As A Principal Dwelling42 737
Not Applicable3 6633

Home Owner Property Type Statistics in Brighton, 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)1,287 6814
One To Four-Family126 675
Manufactured Housing19 2142
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