Top Burnhamville, MN Mortgage Lenders

RankBurnhamville Mortgage LenderBurnhamville Home Loans ProcessedBurnhamville Home Loans ApprovedBurnhamville Home Loans DeniedBurnhamville Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBurnhamville Mortgage Median LTR for Denied Loans
1Central Minnesota Cu 113 81%7%
  • 121%
  • (84,000 Loan / $69,000 Income)
  • 279%
  • (67,000 Loan / $24,000 Income)
2Wells Fargo Bank 98 68%14%
  • 207%
  • (114,000 / $55,000)
  • 286%
  • (106,000 / $37,000)
3Central Mn Cu 68 76%8%
  • 182%
  • (144,000 / $79,000)
  • 235%
  • (132,000 / $56,000)
4Jpmorgan Chase Bank 38 76%21%
  • 281%
  • (155,000 / $55,000)
  • 303%
  • (191,000 / $63,000)
5Countrywide Bank Fsb 23 69%17%
  • 259%
  • (239,000 / $92,000)
  • 316%
  • (158,000 / $50,000)
6Us Bank 20 80%15%
  • 300%
  • (102,000 / $34,000)
  • 137%
  • (51,000 / $37,000)
7Liberty Savings Bank Fsb 20 90%10%
  • 188%
  • (79,000 / $42,000)
  • 150%
  • (72,000 / $48,000)
8Citimortgage 17 70%5%
  • 192%
  • (100,000 / $52,000)
  • 196%
  • (155,000 / $79,000)
9Bank Of America 16 75%12%
  • 189%
  • (165,000 / $87,000)
  • 191%
  • (151,000 / $79,000)
10Us Bk Na Nd 14 35%57%
  • 131%
  • (84,000 / $64,000)
  • 257%
  • (85,000 / $33,000)
11Freeport State Bank 14 64%21%
  • 121%
  • (124,000 / $102,000)
  • 172%
  • (38,000 / $22,000)
12Us Bank North Dakota 13 15%38%
  • 425%
  • (119,000 / $28,000)
  • 235%
  • (47,000 / $20,000)
13Citifinancial Services Inc 12 41%33%
  • 335%
  • (104,000 / $31,000)
  • 399%
  • (423,000 / $106,000)
14Beneficial Company Llc 12 8%66%
  • 251%
  • (123,000 / $49,000)
  • 431%
  • (440,000 / $102,000)
15Agstar Financial Services 10 70%0%
  • 365%
  • (157,000 / $43,000)
0
16Embrace Home Loans, 9 22%55%
  • 477%
  • (129,000 / $27,000)
  • 511%
  • (215,000 / $42,000)
17Countrywide Home Loans 9 88%0% 0 0
18Citibank 9 100%0%
  • 106%
  • (95,000 / $89,000)
0
19Affinity Plus Federal Credit U 9 77%11%
  • 58%
  • (76,000 / $130,000)
  • 300%
  • (120,000 / $40,000)
20Radian Guaranty 8 100%0%
  • 314%
  • (154,000 / $49,000)
0

Burnhamville, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 822
  2. Loan Applications Denied: 144
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 536
  5. % of Loan Applications Originated 65

Burnhamville, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history15
Debt-to-income ratio11
Insufficient cash (downpayment, closing costs)2
Unverifiable information1

Burnhamville, 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 - $100,000313 6416
$100,000 - $300,000465 6417
$300,000 - $500,00043 6918
$500,000 - $1,000,0001 0100

Burnhamville, 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 - $100,000638 6120
$100,000 - $300,000168 808
$300,000 - $500,0009 440
$500,000 - $1,000,0003 6633
$1,000,000 - $1,500,0002 500
$1,500,000 - $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Burnhamville, 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%3671 19
30 - 60%5173 11
60 - 100%9764 12
100 - 200%23368 15
200 - 300%20469 16
300 - 400%12651 19
> 400%7554 32

Burnhamville, 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 Dwelling658 6119
Not Owner-Occupied As A Principal Dwelling159 7810

Home Owner Property Type Statistics in Burnhamville, 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)737 6417
Manufactured Housing57 5724
One To Four-Family28 853
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