Top Brookfield, MN Mortgage Lenders

RankBrookfield Mortgage LenderBrookfield Home Loans ProcessedBrookfield Home Loans ApprovedBrookfield Home Loans DeniedBrookfield Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBrookfield Mortgage Median LTR for Denied Loans
1Hometown Bank 116 89%9%
  • 132%
  • (122,000 Loan / $92,000 Income)
  • 181%
  • (40,000 Loan / $22,000 Income)
2Wells Fargo Bank 115 64%14%
  • 156%
  • (58,000 / $37,000)
  • 132%
  • (78,000 / $59,000)
3Mortgage Guaranty Insurance Co 31 48%12%
  • 183%
  • (77,000 / $42,000)
  • 181%
  • (60,000 / $33,000)
4Countrywide Bank Fsb 31 77%16%
  • 185%
  • (50,000 / $27,000)
  • 191%
  • (44,000 / $23,000)
5Cornerstone Mortgage Company 25 92%4%
  • 187%
  • (90,000 / $48,000)
  • 433%
  • (78,000 / $18,000)
6Jpmorgan Chase Bank 22 95%4%
  • 227%
  • (164,000 / $72,000)
  • 203%
  • (175,000 / $86,000)
7Beneficial Company Llc 18 11%55%
  • 234%
  • (61,000 / $26,000)
  • 222%
  • (118,000 / $53,000)
8Countrywide Home Loans 17 94%5% 0
  • 136%
  • (101,000 / $74,000)
9Novationcreditunion 16 75%18%
  • 44%
  • (28,000 / $63,000)
  • 52%
  • (10,000 / $19,000)
10Frandsen Bank & Trust 15 40%20%
  • 126%
  • (110,000 / $87,000)
  • 180%
  • (85,000 / $47,000)
11Citimortgage 15 86%6%
  • 239%
  • (55,000 / $23,000)
  • 72%
  • (53,000 / $73,000)
12Bank Of America 14 35%35%
  • 347%
  • (80,000 / $23,000)
  • 328%
  • (92,000 / $28,000)
13Wells Fargo Fin'l Minnesota 13 23%53%
  • 261%
  • (128,000 / $49,000)
  • 217%
  • (50,000 / $23,000)
14Trustone Financial Fcu 13 53%15%
  • 97%
  • (81,000 / $83,000)
  • 159%
  • (140,000 / $88,000)
15Phh Mortgage Corporation 12 83%8%
  • 156%
  • (130,000 / $83,000)
  • 203%
  • (114,000 / $56,000)
16Citifinancial Services Inc 12 50%16%
  • 175%
  • (116,000 / $66,000)
  • 153%
  • (40,000 / $26,000)
17Midcountry Bank 11 81%0%
  • 161%
  • (50,000 / $31,000)
0
18Citibank 10 60%20%
  • 179%
  • (86,000 / $48,000)
  • 150%
  • (30,000 / $20,000)
19Hfc Company Llc 9 0%100% 0
  • 191%
  • (90,000 / $47,000)
20Gmac Mortgage Llc 9 11%66%
  • 244%
  • (110,000 / $45,000)
  • 264%
  • (82,000 / $31,000)

Brookfield, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 786
  2. Loan Applications Denied: 159
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 502
  5. % of Loan Applications Originated 63

Brookfield, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral10
Debt-to-income ratio6
Credit application incomplete3
Unverifiable information0

Brookfield, 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 - $100,000478 6221
$100,000 - $300,000299 6617
$300,000 - $500,0008 5037
$500,000 - $1,000,0001 1000

Brookfield, 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 - $100,000684 6021
$100,000 - $300,00096 8212
$300,000 - $500,0004 1000
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Brookfield, 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%5175 5
30 - 60%5359 32
60 - 100%8963 15
100 - 200%29564 20
200 - 300%19262 19
300 - 400%6762 23
> 400%3953 30

Brookfield, 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 Dwelling753 6420
Not Owner-Occupied As A Principal Dwelling28 5025
Not Applicable3 1000

Home Owner Property Type Statistics in Brookfield, 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)712 6321
One To Four-Family60 686
Manufactured Housing14 5714
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