Top Chester, MN Mortgage Lenders

RankChester Mortgage LenderChester Home Loans ProcessedChester Home Loans ApprovedChester Home Loans DeniedChester Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChester Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 106 69%16%
  • 210%
  • (160,000 Loan / $76,000 Income)
  • 286%
  • (169,000 Loan / $59,000 Income)
2Think Mutual Bank 97 70%6%
  • 169%
  • (39,000 / $23,000)
  • 211%
  • (108,000 / $51,000)
3Agstar Financial Services 49 63%4%
  • 206%
  • (120,000 / $58,000)
  • 220%
  • (152,000 / $69,000)
4Merchants Bank 43 69%2%
  • 288%
  • (176,000 / $61,000)
  • 291%
  • (280,000 / $96,000)
5Peoples State Bank Of Plainvie 36 94%5%
  • 198%
  • (210,000 / $106,000)
  • 636%
  • (140,000 / $22,000)
6Alliance Bank 31 67%9%
  • 176%
  • (198,000 / $112,000)
  • 333%
  • (300,000 / $90,000)
7Affinity Plus Federal Credit U 27 51%3%
  • 109%
  • (72,000 / $66,000)
  • 377%
  • (230,000 / $61,000)
8Countrywide Bank Fsb 26 73%11%
  • 212%
  • (106,000 / $50,000)
  • 138%
  • (47,000 / $34,000)
9Friend Bank 21 80%9%
  • 181%
  • (58,000 / $32,000)
  • 306%
  • (230,000 / $75,000)
10Eastwood Bank 21 76%14%
  • 136%
  • (83,000 / $61,000)
  • 127%
  • (125,000 / $98,000)
11First National Bank Of Plainvi 19 94%5%
  • 106%
  • (78,000 / $73,000)
  • 155%
  • (106,000 / $68,000)
12Genworth Mortgage Insurance Co 18 66%0%
  • 273%
  • (93,000 / $34,000)
0
13Home Federal Savings Bank 17 64%11%
  • 228%
  • (247,000 / $108,000)
  • 51%
  • (20,000 / $39,000)
14Us Bank 16 68%25%
  • 208%
  • (71,000 / $34,000)
  • 210%
  • (156,000 / $74,000)
15Mayo Employees Federal Cu 16 87%12%
  • 63%
  • (60,000 / $95,000)
  • 397%
  • (270,000 / $68,000)
16Wells Federal Bank 15 60%13%
  • 224%
  • (175,000 / $78,000)
  • 413%
  • (62,000 / $15,000)
17Jpmorgan Chase Bank 15 86%13%
  • 312%
  • (194,000 / $62,000)
  • 278%
  • (153,000 / $55,000)
18Associated Bank 15 46%13%
  • 184%
  • (59,000 / $32,000)
  • 386%
  • (58,000 / $15,000)
19First Alliance Credit Union 13 69%0%
  • 142%
  • (230,000 / $161,000)
0
20Countrywide Home Loans 13 84%15%
  • 228%
  • (167,000 / $73,000)
  • 206%
  • (124,000 / $60,000)

Chester, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 917
  2. Loan Applications Denied: 129
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 620
  5. % of Loan Applications Originated 67

Chester, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio8
Credit history7
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Chester, 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 - $100,000285 6715
$100,000 - $300,000530 6714
$300,000 - $500,00095 667
$500,000 - $1,000,0006 8316
$1,000,000 - $1,500,0001 1000

Chester, 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 - $100,000674 6416
$100,000 - $300,000225 728
$300,000 - $500,0009 1000
$500,000 - $1,000,0005 1000
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Chester, 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%5072 14
30 - 60%6470 18
60 - 100%9471 10
100 - 200%21273 8
200 - 300%25160 15
300 - 400%15468 14
> 400%9258 22

Chester, 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 Dwelling872 6714
Not Owner-Occupied As A Principal Dwelling43 769

Home Owner Property Type Statistics in Chester, 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)828 6713
One To Four-Family49 734
Manufactured Housing40 5530
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