Top Cherry Grove, MN Mortgage Lenders

RankCherry Grove Mortgage LenderCherry Grove Home Loans ProcessedCherry Grove Home Loans ApprovedCherry Grove Home Loans DeniedCherry Grove Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCherry Grove Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 293 65%12%
  • 221%
  • (173,000 Loan / $78,000 Income)
  • 277%
  • (147,000 Loan / $53,000 Income)
2Think Mutual Bank 107 72%6%
  • 120%
  • (75,000 / $62,000)
  • 140%
  • (152,000 / $108,000)
3Jpmorgan Chase Bank 75 81%18%
  • 280%
  • (87,000 / $31,000)
  • 280%
  • (168,000 / $60,000)
4Affinity Plus Federal Credit U 69 63%2%
  • 74%
  • (20,000 / $27,000)
  • 570%
  • (194,000 / $34,000)
5Countrywide Bank Fsb 53 75%16%
  • 269%
  • (321,000 / $119,000)
  • 270%
  • (130,000 / $48,000)
6Agstar Financial Services 50 60%8%
  • 226%
  • (236,000 / $104,000)
  • 356%
  • (435,000 / $122,000)
7Beneficial Company Llc 39 10%87%
  • 150%
  • (96,000 / $64,000)
  • 265%
  • (220,000 / $83,000)
8Genworth Mortgage Insurance Co 38 63%2%
  • 267%
  • (214,000 / $80,000)
  • 160%
  • (336,000 / $210,000)
9Mortgage Guaranty Insurance Co 35 68%2%
  • 321%
  • (132,000 / $41,000)
  • 118%
  • (59,000 / $50,000)
10Us Bank 33 66%18%
  • 241%
  • (169,000 / $70,000)
  • 282%
  • (280,000 / $99,000)
11Citimortgage 31 80%19%
  • 252%
  • (111,000 / $44,000)
  • 295%
  • (198,000 / $67,000)
12Home Federal Savings Bank 30 70%10%
  • 196%
  • (118,000 / $60,000)
  • 224%
  • (155,000 / $69,000)
13Wells Federal Bank 29 48%31%
  • 191%
  • (117,000 / $61,000)
  • 329%
  • (112,000 / $34,000)
14Eastwood Bank 29 82%3%
  • 175%
  • (121,000 / $69,000)
  • 291%
  • (108,000 / $37,000)
15United Guaranty Corporation 27 85%0%
  • 229%
  • (94,000 / $41,000)
0
16Countrywide Home Loans 27 74%14%
  • 276%
  • (180,000 / $65,000)
  • 318%
  • (245,000 / $77,000)
17Citibank 27 70%11%
  • 77%
  • (100,000 / $129,000)
  • 78%
  • (52,000 / $66,000)
18First Suburban National Bank 24 8%45%
  • 593%
  • (267,000 / $45,000)
  • 250%
  • (175,000 / $70,000)
19Wells Fargo Fin'l Minnesota 22 4%45%
  • 105%
  • (161,000 / $152,000)
  • 188%
  • (173,000 / $92,000)
20First Federal Bank Of Florida 21 47%19%
  • 139%
  • (85,000 / $61,000)
  • 291%
  • (108,000 / $37,000)

Cherry Grove, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,683
  2. Loan Applications Denied: 295
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,036
  5. % of Loan Applications Originated 61

Cherry Grove, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio7
Credit history7
Credit application incomplete3
Unverifiable information1

Cherry Grove, 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 - $100,000520 6016
$100,000 - $300,0001,087 6117
$300,000 - $500,00073 6116
$500,000 - $1,000,0003 6633

Cherry Grove, 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 - $100,0001,302 5819
$100,000 - $300,000362 689
$300,000 - $500,00013 767
$500,000 - $1,000,0003 660
$1,000,000 - $1,500,0003 660

Loan to Income Ratios Research for Mortgage in Cherry Grove, 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%8666 12
30 - 60%11567 12
60 - 100%11871 17
100 - 200%41961 14
200 - 300%47458 20
300 - 400%30262 15
> 400%16950 25

Cherry Grove, 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 Dwelling1,603 6017
Not Owner-Occupied As A Principal Dwelling75 789
Not Applicable2 050

Home Owner Property Type Statistics in Cherry Grove, 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)1,515 6018
One To Four-Family142 761
Manufactured Housing26 5723
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