Top Cannon City, MN Mortgage Lenders

RankCannon City Mortgage LenderCannon City Home Loans ProcessedCannon City Home Loans ApprovedCannon City Home Loans DeniedCannon City Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCannon City Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,187 56%16%
  • 226%
  • (204,000 Loan / $90,000 Income)
  • 210%
  • (40,000 Loan / $19,000 Income)
2Affinity Plus Federal Credit U 347 74%4%
  • 110%
  • (52,000 / $47,000)
  • 331%
  • (169,000 / $51,000)
3Jpmorgan Chase Bank 291 81%16%
  • 296%
  • (160,000 / $54,000)
  • 261%
  • (201,000 / $77,000)
4Citimortgage 162 82%9%
  • 260%
  • (203,000 / $78,000)
  • 241%
  • (116,000 / $48,000)
5Countrywide Bank Fsb 158 64%20%
  • 275%
  • (377,000 / $137,000)
  • 256%
  • (105,000 / $41,000)
6Wells Fargo Funding 130 97%0%
  • 266%
  • (379,000 / $142,000)
  • 228%
  • (174,000 / $76,000)
7Agstar Financial Services 121 57%8%
  • 255%
  • (312,000 / $122,000)
  • 433%
  • (325,000 / $75,000)
8Dhi Mortgage Company Limited 102 81%5%
  • 246%
  • (143,000 / $58,000)
  • 345%
  • (207,000 / $60,000)
9Citibank 101 75%9%
  • 123%
  • (296,000 / $240,000)
  • 131%
  • (50,000 / $38,000)
10Frandsen Bank & Trust 98 82%9%
  • 221%
  • (146,000 / $66,000)
  • 253%
  • (170,000 / $67,000)
11Bank Of America 85 64%17%
  • 228%
  • (171,000 / $75,000)
  • 261%
  • (144,000 / $55,000)
12Countrywide Home Loans 80 82%17%
  • 247%
  • (119,000 / $48,000)
  • 347%
  • (184,000 / $53,000)
13Mortgage Guaranty Insurance Co 79 63%11%
  • 291%
  • (361,000 / $124,000)
  • 242%
  • (170,000 / $70,000)
14Community Resource Bank 78 71%16%
  • 186%
  • (192,000 / $103,000)
  • 170%
  • (221,000 / $130,000)
15Genworth Mortgage Insurance Co 77 50%1%
  • 291%
  • (131,000 / $45,000)
  • 187%
  • (176,000 / $94,000)
16Wells Fargo Fin'l Minnesota 68 16%57%
  • 278%
  • (178,000 / $64,000)
  • 241%
  • (157,000 / $65,000)
17Us Bank 61 65%14%
  • 259%
  • (161,000 / $62,000)
  • 305%
  • (180,000 / $59,000)
18United Guaranty Corporation 59 77%1%
  • 270%
  • (135,000 / $50,000)
  • 93%
  • (96,000 / $103,000)
19Beneficial Company Llc 59 1%96%
  • 68%
  • (47,000 / $69,000)
  • 230%
  • (230,000 / $100,000)
20Amtrust Bank 45 73%8%
  • 240%
  • (130,000 / $54,000)
  • 244%
  • (186,000 / $76,000)

Cannon City, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,268
  2. Loan Applications Denied: 962
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 3,200
  5. % of Loan Applications Originated 60

Cannon City, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Debt-to-income ratio8
Credit history8
Credit application incomplete4
Unverifiable information2

Cannon City, 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 - $100,0001,250 6021
$100,000 - $300,0003,523 6116
$300,000 - $500,000459 5122
$500,000 - $1,000,00035 4520
$1,000,000 - $1,500,0001 00

Cannon City, 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 - $100,0004,121 5919
$100,000 - $300,0001,071 6315
$300,000 - $500,00050 6418
$500,000 - $1,000,00017 765
$1,000,000 - $1,500,0007 710
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Cannon City, 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%21859 26
30 - 60%34863 18
60 - 100%33857 20
100 - 200%1,10063 15
200 - 300%1,51461 17
300 - 400%1,06462 16
> 400%68647 24

Cannon City, 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 Dwelling4,979 6018
Not Owner-Occupied As A Principal Dwelling262 6220
Not Applicable12 668

Home Owner Property Type Statistics in Cannon City, 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)4,784 6018
One To Four-Family364 694
Manufactured Housing120 4538
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