Top Cedar Mills, MN Mortgage Lenders

RankCedar Mills Mortgage LenderCedar Mills Home Loans ProcessedCedar Mills Home Loans ApprovedCedar Mills Home Loans DeniedCedar Mills Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCedar Mills Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 164 73%9%
  • 205%
  • (41,000 Loan / $20,000 Income)
  • 282%
  • (240,000 Loan / $85,000 Income)
2Center National Bank 54 85%12%
  • 233%
  • (145,000 / $62,000)
  • 346%
  • (170,000 / $49,000)
3Jpmorgan Chase Bank 30 83%13%
  • 209%
  • (88,000 / $42,000)
  • 340%
  • (160,000 / $47,000)
4Beneficial Company Llc 24 4%75%
  • 254%
  • (173,000 / $68,000)
  • 302%
  • (130,000 / $43,000)
5Mortgage Guaranty Insurance Co 20 80%0%
  • 269%
  • (132,000 / $49,000)
0
6Citimortgage 20 80%0%
  • 150%
  • (175,000 / $116,000)
0
7Bank Of America 20 75%10%
  • 275%
  • (124,000 / $45,000)
  • 252%
  • (63,000 / $25,000)
8Countrywide Bank Fsb 19 84%5%
  • 266%
  • (104,000 / $39,000)
  • 237%
  • (226,000 / $95,000)
9Midcountry Bank 18 50%38%
  • 103%
  • (32,000 / $31,000)
  • 255%
  • (227,000 / $89,000)
10Us Bank 17 82%17%
  • 189%
  • (157,000 / $83,000)
  • 139%
  • (162,000 / $116,000)
11Phh Mortgage Corporation 17 100%0%
  • 233%
  • (350,000 / $150,000)
0
12Countrywide Home Loans 15 80%20%
  • 317%
  • (184,000 / $58,000)
  • 109%
  • (35,000 / $32,000)
13Embrace Home Loans, 11 0%54% 0
  • 208%
  • (125,000 / $60,000)
14Citibank 11 72%18%
  • 178%
  • (161,000 / $90,000)
  • 346%
  • (104,000 / $30,000)
15First Natl Bank Of Cold Spring 9 66%22%
  • 258%
  • (119,000 / $46,000)
  • 377%
  • (83,000 / $22,000)
16Central Mn Cu 9 22%33%
  • 311%
  • (190,000 / $61,000)
  • 294%
  • (100,000 / $34,000)
17Wells Fargo Funding 8 100%0% 0 0
18United Guaranty Corporation 8 62%0%
  • 240%
  • (356,000 / $148,000)
0
19Radian Guaranty 8 75%0%
  • 339%
  • (139,000 / $41,000)
0
20Cornerstone Mortgage Company 8 87%0%
  • 273%
  • (123,000 / $45,000)
0

Cedar Mills, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 753
  2. Loan Applications Denied: 125
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 501
  5. % of Loan Applications Originated 66

Cedar Mills, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history9
Debt-to-income ratio8
Insufficient cash (downpayment, closing costs)1
Credit application incomplete1

Cedar Mills, 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 - $100,000219 6414
$100,000 - $300,000481 6518
$300,000 - $500,00052 727
$500,000 - $1,000,0001 1000

Cedar Mills, 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 - $100,000610 6517
$100,000 - $300,000133 6714
$300,000 - $500,0007 850
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Cedar Mills, 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%2364 17
30 - 60%4065 17
60 - 100%5973 11
100 - 200%19370 10
200 - 300%21871 14
300 - 400%13153 22
> 400%8957 29

Cedar Mills, 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 Dwelling700 6517
Not Owner-Occupied As A Principal Dwelling47 872
Not Applicable3 660

Home Owner Property Type Statistics in Cedar Mills, 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)675 6518
One To Four-Family54 740
Manufactured Housing24 7912
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