Top Canton, MN Mortgage Lenders

RankCanton Mortgage LenderCanton Home Loans ProcessedCanton Home Loans ApprovedCanton Home Loans DeniedCanton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCanton Mortgage Median LTR for Denied Loans
1F & M Community Bank 283 98%1%
  • 166%
  • (60,000 Loan / $36,000 Income)
  • 256%
  • (100,000 Loan / $39,000 Income)
2Associated Bank 228 78%13%
  • 151%
  • (180,000 / $119,000)
  • 180%
  • (76,000 / $42,000)
3Wells Fargo Bank 168 67%18%
  • 187%
  • (73,000 / $39,000)
  • 166%
  • (155,000 / $93,000)
4Home Federal Savings Bank 133 61%10%
  • 181%
  • (78,000 / $43,000)
  • 266%
  • (112,000 / $42,000)
5Associated Bank Na 106 66%28%
  • 196%
  • (112,000 / $57,000)
  • 228%
  • (153,000 / $67,000)
6Marine Credit Union 96 78%12%
  • 188%
  • (32,000 / $17,000)
  • 212%
  • (202,000 / $95,000)
7Agstar Financial Services 89 70%3%
  • 128%
  • (148,000 / $115,000)
  • 237%
  • (375,000 / $158,000)
8Bank Of The West 86 63%19%
  • 155%
  • (104,000 / $67,000)
  • 129%
  • (84,000 / $65,000)
9Genworth Mortgage Insurance Co 59 40%6%
  • 210%
  • (59,000 / $28,000)
  • 256%
  • (82,000 / $32,000)
10Think Mutual Bank 54 72%3%
  • 118%
  • (131,000 / $111,000)
  • 348%
  • (174,000 / $50,000)
11Affinity Plus Federal Credit U 39 79%7%
  • 110%
  • (72,000 / $65,000)
  • 210%
  • (40,000 / $19,000)
12Bank Of America 35 68%14%
  • 205%
  • (175,000 / $85,000)
  • 77%
  • (47,000 / $61,000)
13Countrywide Bank Fsb 33 66%24%
  • 264%
  • (90,000 / $34,000)
  • 368%
  • (162,000 / $44,000)
14Mortgage Guaranty Insurance Co 32 65%28%
  • 219%
  • (180,000 / $82,000)
  • 220%
  • (66,000 / $30,000)
15Eastwood Bank 30 83%10%
  • 171%
  • (115,000 / $67,000)
  • 58%
  • (53,000 / $91,000)
16Merchants Bank 28 75%14%
  • 232%
  • (86,000 / $37,000)
  • 265%
  • (170,000 / $64,000)
17Beneficial Company Llc 28 3%89%
  • 150%
  • (135,000 / $90,000)
  • 274%
  • (74,000 / $27,000)
18Wells Federal Bank 25 24%36%
  • 334%
  • (184,000 / $55,000)
  • 268%
  • (118,000 / $44,000)
19United Guaranty Corporation 24 62%12%
  • 196%
  • (61,000 / $31,000)
  • 120%
  • (128,000 / $106,000)
20Rushford State Bank 24 100%0%
  • 167%
  • (188,000 / $112,000)
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Canton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,181
  2. Loan Applications Denied: 363
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,487
  5. % of Loan Applications Originated 68

Canton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio10
Collateral10
Credit history10
Credit application incomplete4
Unverifiable information2

Canton, 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 - $100,0001,158 6817
$100,000 - $300,000974 6515
$300,000 - $500,00041 7212
$500,000 - $1,000,0008 6237

Canton, 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 - $100,0001,893 6717
$100,000 - $300,000263 6912
$300,000 - $500,00012 838
$500,000 - $1,000,0006 6616
$1,000,000 - $1,500,0005 800
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Canton, 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%12768 20
30 - 60%15572 13
60 - 100%20273 12
100 - 200%71872 14
200 - 300%53366 15
300 - 400%27363 23
> 400%17346 25

Canton, 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 Dwelling2,051 6716
Not Owner-Occupied As A Principal Dwelling124 7315
Not Applicable1 00

Home Owner Property Type Statistics in Canton, 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)2,021 6916
One To Four-Family138 5711
Manufactured Housing22 5431
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