Top Burlington, MN Mortgage Lenders

RankBurlington Mortgage LenderBurlington Home Loans ProcessedBurlington Home Loans ApprovedBurlington Home Loans DeniedBurlington Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBurlington Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 399 67%13%
  • 197%
  • (215,000 Loan / $109,000 Income)
  • 108%
  • (40,000 Loan / $37,000 Income)
2Bremer Bank Na (Fargo) 392 77%8%
  • 131%
  • (25,000 / $19,000)
  • 126%
  • (52,000 / $41,000)
3State Bank & Trust 301 80%8%
  • 122%
  • (120,000 / $98,000)
  • 244%
  • (235,000 / $96,000)
4Jpmorgan Chase Bank 154 83%12%
  • 251%
  • (103,000 / $41,000)
  • 304%
  • (70,000 / $23,000)
5Citimortgage 152 86%5%
  • 288%
  • (170,000 / $59,000)
  • 288%
  • (208,000 / $72,000)
6Midwest Bank 124 93%4%
  • 168%
  • (96,000 / $57,000)
  • 231%
  • (37,000 / $16,000)
7Us Bank 123 70%17%
  • 229%
  • (197,000 / $86,000)
  • 296%
  • (270,000 / $91,000)
8Countrywide Bank Fsb 41 75%17%
  • 172%
  • (121,000 / $70,000)
  • 260%
  • (338,000 / $130,000)
9Gate City Bank 39 82%10%
  • 141%
  • (261,000 / $185,000)
  • 409%
  • (90,000 / $22,000)
10Mortgage Guaranty Insurance Co 37 70%8%
  • 245%
  • (145,000 / $59,000)
  • 313%
  • (204,000 / $65,000)
11Bank Of America 35 80%11%
  • 218%
  • (280,000 / $128,000)
  • 404%
  • (178,000 / $44,000)
12Us Bank North Dakota 34 17%50%
  • 345%
  • (190,000 / $55,000)
  • 125%
  • (60,000 / $48,000)
13Citibank 34 79%11%
  • 126%
  • (161,000 / $127,000)
  • 106%
  • (110,000 / $103,000)
14Cornerstone Bank 32 84%3%
  • 139%
  • (128,000 / $92,000)
  • 271%
  • (76,000 / $28,000)
15Genworth Mortgage Insurance Co 31 51%12%
  • 278%
  • (198,000 / $71,000)
  • 396%
  • (202,000 / $51,000)
16Affinity Plus Federal Credit U 31 80%3%
  • 72%
  • (60,000 / $83,000)
  • 61%
  • (32,000 / $52,000)
17Beneficial Company Llc 29 6%82%
  • 277%
  • (197,000 / $71,000)
  • 286%
  • (209,000 / $73,000)
18Wells Fargo Fin'l Minnesota 26 3%69%
  • 160%
  • (85,000 / $53,000)
  • 163%
  • (36,000 / $22,000)
19Hfc Company Llc 24 8%70%
  • 412%
  • (293,000 / $71,000)
  • 221%
  • (155,000 / $70,000)
20Franklin American Mortgage Co 24 75%8%
  • 226%
  • (272,000 / $120,000)
  • 261%
  • (154,000 / $59,000)

Burlington, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,791
  2. Loan Applications Denied: 407
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,970
  5. % of Loan Applications Originated 70

Burlington, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history12
Debt-to-income ratio10
Credit application incomplete4
Unverifiable information1

Burlington, 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 - $100,000895 6918
$100,000 - $300,0001,620 7012
$300,000 - $500,000254 7011
$500,000 - $1,000,00020 6510
$1,000,000 - $1,500,0002 050

Burlington, 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 - $100,0002,012 6717
$100,000 - $300,000654 768
$300,000 - $500,00080 783
$500,000 - $1,000,00035 795
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0001 1000
> $2,000,0006 6616

Loan to Income Ratios Research for Mortgage in Burlington, 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%14676 13
30 - 60%22374 16
60 - 100%28471 14
100 - 200%73676 11
200 - 300%70168 14
300 - 400%44766 14
> 400%25453 23

Burlington, 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 Dwelling2,338 6815
Not Owner-Occupied As A Principal Dwelling434 818
Not Applicable5 6020

Home Owner Property Type Statistics in Burlington, 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)2,582 7114
One To Four-Family120 706
Manufactured Housing89 5629
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