Top Byron, MN Mortgage Lenders

RankByron Mortgage LenderByron Home Loans ProcessedByron Home Loans ApprovedByron Home Loans DeniedByron Mortgage Median Loan to Income Ratio (LTR) for Approved LoansByron Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,305 70%13%
  • 212%
  • (132,000 Loan / $62,000 Income)
  • 212%
  • (244,000 Loan / $115,000 Income)
2Think Mutual Bank 730 70%7%
  • 133%
  • (71,000 / $53,000)
  • 105%
  • (105,000 / $100,000)
3Home Federal Savings Bank 246 61%10%
  • 183%
  • (169,000 / $92,000)
  • 167%
  • (112,000 / $67,000)
4Affinity Plus Federal Credit U 217 58%2%
  • 101%
  • (85,000 / $84,000)
  • 298%
  • (239,000 / $80,000)
5Us Bank 205 81%14%
  • 217%
  • (222,000 / $102,000)
  • 247%
  • (94,000 / $38,000)
6Qr Lending Inc 195 69%8%
  • 187%
  • (201,000 / $107,000)
  • 250%
  • (333,000 / $133,000)
7Eastwood Bank 180 77%8%
  • 179%
  • (160,000 / $89,000)
  • 152%
  • (102,000 / $67,000)
8Bank Of America 163 74%14%
  • 243%
  • (178,000 / $73,000)
  • 260%
  • (125,000 / $48,000)
9Merchants Bank 161 78%7%
  • 227%
  • (175,000 / $77,000)
  • 193%
  • (417,000 / $215,000)
10Mayo Employees Federal Cu 147 89%7%
  • 41%
  • (38,000 / $92,000)
  • 50%
  • (30,000 / $59,000)
11Jpmorgan Chase Bank 116 84%14%
  • 231%
  • (211,000 / $91,000)
  • 246%
  • (195,000 / $79,000)
12Mortgage Guaranty Insurance Co 102 75%12%
  • 251%
  • (226,000 / $90,000)
  • 231%
  • (178,000 / $77,000)
13United Guaranty Corporation 101 72%6%
  • 274%
  • (129,000 / $47,000)
  • 273%
  • (402,000 / $147,000)
14Countrywide Bank Fsb 92 72%13%
  • 267%
  • (241,000 / $90,000)
  • 216%
  • (128,000 / $59,000)
15First Federal Bank Of Florida 87 79%5%
  • 175%
  • (146,000 / $83,000)
  • 178%
  • (202,000 / $113,000)
16First Security Bank 86 83%9%
  • 194%
  • (70,000 / $36,000)
  • 261%
  • (110,000 / $42,000)
17Citimortgage 84 71%7%
  • 190%
  • (103,000 / $54,000)
  • 230%
  • (258,000 / $112,000)
18Associated Bank 82 64%17%
  • 225%
  • (250,000 / $111,000)
  • 142%
  • (80,000 / $56,000)
19Genworth Mortgage Insurance Co 79 77%1%
  • 258%
  • (163,000 / $63,000)
  • 304%
  • (286,000 / $94,000)
20First Alliance Credit Union 75 82%8%
  • 188%
  • (117,000 / $62,000)
  • 245%
  • (118,000 / $48,000)

Byron, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,455
  2. Loan Applications Denied: 874
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 4,431
  5. % of Loan Applications Originated 68

Byron, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history8
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Byron, 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 - $100,0001,589 6616
$100,000 - $300,0003,979 6912
$300,000 - $500,000787 6712
$500,000 - $1,000,00092 5526
$1,000,000 - $1,500,0008 2550

Byron, 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 - $100,0004,086 6515
$100,000 - $300,0002,213 719
$300,000 - $500,000117 7313
$500,000 - $1,000,00032 783
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0002 5050
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Byron, 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%32669 17
30 - 60%43168 14
60 - 100%48969 12
100 - 200%1,90171 10
200 - 300%1,85268 12
300 - 400%95367 13
> 400%50352 25

Byron, 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 Dwelling6,239 6813
Not Owner-Occupied As A Principal Dwelling207 6122
Not Applicable2 1000

Home Owner Property Type Statistics in Byron, 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)5,968 6813
One To Four-Family431 795
Manufactured Housing56 3350
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