Top Cambridge, MN Mortgage Lenders

RankCambridge Mortgage LenderCambridge Home Loans ProcessedCambridge Home Loans ApprovedCambridge Home Loans DeniedCambridge Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCambridge Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 962 58%21%
  • 222%
  • (180,000 Loan / $81,000 Income)
  • 202%
  • (176,000 Loan / $87,000 Income)
2Jpmorgan Chase Bank 309 85%12%
  • 247%
  • (156,000 / $63,000)
  • 295%
  • (133,000 / $45,000)
3Affinity Plus Federal Credit U 281 59%10%
  • 95%
  • (82,000 / $86,000)
  • 250%
  • (185,000 / $74,000)
4Countrywide Bank Fsb 273 70%16%
  • 234%
  • (206,000 / $88,000)
  • 350%
  • (175,000 / $50,000)
5Citimortgage 267 79%8%
  • 311%
  • (140,000 / $45,000)
  • 245%
  • (216,000 / $88,000)
6Us Bank 227 79%13%
  • 248%
  • (179,000 / $72,000)
  • 293%
  • (229,000 / $78,000)
7Countrywide Home Loans 194 79%11%
  • 266%
  • (192,000 / $72,000)
  • 177%
  • (160,000 / $90,000)
8Bell America Mortgage Llc Dba 166 71%6%
  • 275%
  • (193,000 / $70,000)
  • 320%
  • (128,000 / $40,000)
9Citibank 162 74%12%
  • 101%
  • (95,000 / $94,000)
  • 91%
  • (82,000 / $90,000)
10Bank Of America 135 71%17%
  • 284%
  • (179,000 / $63,000)
  • 318%
  • (105,000 / $33,000)
11Tcf National Bank 106 33%43%
  • 263%
  • (153,000 / $58,000)
  • 289%
  • (142,000 / $49,000)
12Mortgage Guaranty Insurance Co 105 78%8%
  • 325%
  • (156,000 / $48,000)
  • 265%
  • (273,000 / $103,000)
13Wells Fargo Fin'l Minnesota 96 18%54%
  • 235%
  • (127,000 / $54,000)
  • 221%
  • (385,000 / $174,000)
14Wells Fargo Funding 95 100%0%
  • 255%
  • (268,000 / $105,000)
0
15Beneficial Company Llc 93 2%70%
  • 365%
  • (128,000 / $35,000)
  • 282%
  • (229,000 / $81,000)
16Us Bank North Dakota 87 24%40%
  • 207%
  • (158,000 / $76,000)
  • 374%
  • (187,000 / $50,000)
17First Suburban National Bank 86 12%54%
  • 291%
  • (137,000 / $47,000)
  • 338%
  • (203,000 / $60,000)
18The Business Bank 80 91%3%
  • 282%
  • (141,000 / $50,000)
  • 303%
  • (155,000 / $51,000)
19Republic Mortgage Insurance Co 77 66%3%
  • 346%
  • (149,000 / $43,000)
  • 300%
  • (90,000 / $30,000)
20Hfc Company Llc 77 6%66%
  • 283%
  • (230,000 / $81,000)
  • 253%
  • (200,000 / $79,000)

Cambridge, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,935
  2. Loan Applications Denied: 1,401
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 4,167
  5. % of Loan Applications Originated 60

Cambridge, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history10
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information1

Cambridge, 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 - $100,0001,724 6219
$100,000 - $300,0004,914 5920
$300,000 - $500,000287 4525
$500,000 - $1,000,0006 990
$1,000,000 - $1,500,0004 075

Cambridge, 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 - $100,0006,006 5919
$100,000 - $300,000865 5522
$300,000 - $500,00038 4915
$500,000 - $1,000,00022 4913
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0002 1000
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Cambridge, 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%26455 25
30 - 60%38353 24
60 - 100%46462 19
100 - 200%1,31261 18
200 - 300%2,03963 16
300 - 400%1,45059 20
> 400%1,02352 25

Cambridge, 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 Dwelling6,524 6020
Not Owner-Occupied As A Principal Dwelling380 5623
Not Applicable3 6633

Home Owner Property Type Statistics in Cambridge, 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)6,414 5920
One To Four-Family455 734
Manufactured Housing66 2159
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