Top Chanhassen, MN Mortgage Lenders

RankChanhassen Mortgage LenderChanhassen Home Loans ProcessedChanhassen Home Loans ApprovedChanhassen Home Loans DeniedChanhassen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChanhassen Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 5,861 71%10%
  • 203%
  • (210,000 Loan / $103,000 Income)
  • 210%
  • (400,000 Loan / $190,000 Income)
2Jpmorgan Chase Bank 1,329 90%8%
  • 210%
  • (347,000 / $165,000)
  • 211%
  • (133,000 / $63,000)
3Us Bank 1,225 82%8%
  • 217%
  • (174,000 / $80,000)
  • 247%
  • (384,000 / $155,000)
4Citimortgage 869 84%3%
  • 245%
  • (368,000 / $150,000)
  • 232%
  • (163,000 / $70,000)
5Bank Of America 677 76%12%
  • 214%
  • (116,000 / $54,000)
  • 279%
  • (338,000 / $121,000)
6Wells Fargo Funding 650 98%0%
  • 219%
  • (400,000 / $182,000)
  • 177%
  • (325,000 / $183,000)
7Countrywide Bank Fsb 609 78%9%
  • 248%
  • (236,000 / $95,000)
  • 257%
  • (417,000 / $162,000)
8The Business Bank 503 94%3%
  • 225%
  • (352,000 / $156,000)
  • 234%
  • (272,000 / $116,000)
9Citibank 501 78%9%
  • 155%
  • (230,000 / $148,000)
  • 119%
  • (345,000 / $288,000)
10Kleinbank 450 68%14%
  • 213%
  • (252,000 / $118,000)
  • 255%
  • (215,000 / $84,000)
11Bell America Mortgage Llc Dba 410 72%0%
  • 250%
  • (415,000 / $166,000)
  • 388%
  • (245,000 / $63,000)
12Phh Home Loans 396 83%3%
  • 242%
  • (288,000 / $119,000)
  • 168%
  • (130,000 / $77,000)
13Tcf National Bank 378 37%33%
  • 212%
  • (83,000 / $39,000)
  • 285%
  • (342,000 / $120,000)
14Countrywide Home Loans 326 82%11%
  • 253%
  • (330,000 / $130,000)
  • 226%
  • (650,000 / $287,000)
15Provident Funding Associates 325 70%13%
  • 224%
  • (260,000 / $116,000)
  • 253%
  • (210,000 / $83,000)
16United Guaranty Corporation 303 84%3%
  • 259%
  • (366,000 / $141,000)
  • 301%
  • (410,000 / $136,000)
17Us Bk Na Nd 289 49%35%
  • 122%
  • (164,000 / $134,000)
  • 190%
  • (665,000 / $350,000)
18Mortgage Guaranty Insurance Co 277 73%7%
  • 290%
  • (276,000 / $95,000)
  • 278%
  • (401,000 / $144,000)
19Radian Guaranty 253 84%1%
  • 267%
  • (187,000 / $70,000)
  • 182%
  • (650,000 / $356,000)
20Alerus Financial 242 93%1%
  • 212%
  • (149,000 / $70,000)
  • 202%
  • (249,000 / $123,000)

Chanhassen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 25,308
  2. Loan Applications Denied: 2,944
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 18,365
  5. % of Loan Applications Originated 72

Chanhassen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Debt-to-income ratio7
Credit history5
Credit application incomplete4
Unverifiable information2

Chanhassen, 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 - $100,0002,808 6217
$100,000 - $300,00014,904 7310
$300,000 - $500,0006,801 749
$500,000 - $1,000,000679 5421
$1,000,000 - $1,500,00080 5832
$1,500,000 - $2,000,00025 4428
> $2,000,00011 549

Chanhassen, 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 - $100,00011,884 6814
$100,000 - $300,00012,276 749
$300,000 - $500,000817 7112
$500,000 - $1,000,000260 7111
$1,000,000 - $1,500,00047 5819
$1,500,000 - $2,000,0009 6611
> $2,000,00015 726

Loan to Income Ratios Research for Mortgage in Chanhassen, 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%60456 22
30 - 60%1,11365 14
60 - 100%1,65769 12
100 - 200%7,15575 9
200 - 300%8,03475 9
300 - 400%4,37271 12
> 400%2,37363 20

Chanhassen, 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 Dwelling24,541 7211
Not Owner-Occupied As A Principal Dwelling732 6517
Not Applicable8 7512

Home Owner Property Type Statistics in Chanhassen, 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)23,887 7211
One To Four-Family1,278 784
Manufactured Housing143 2845
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