Top Clayton, MN Mortgage Lenders

RankClayton Mortgage LenderClayton Home Loans ProcessedClayton Home Loans ApprovedClayton Home Loans DeniedClayton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansClayton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 411 67%16%
  • 179%
  • (160,000 Loan / $89,000 Income)
  • 184%
  • (127,000 Loan / $69,000 Income)
2Home Federal Savings Bank 202 62%13%
  • 148%
  • (95,000 / $64,000)
  • 220%
  • (53,000 / $24,000)
3Agstar Financial Services 128 60%3%
  • 153%
  • (186,000 / $121,000)
  • 153%
  • (75,000 / $49,000)
4Think Mutual Bank 108 59%9%
  • 119%
  • (116,000 / $97,000)
  • 229%
  • (289,000 / $126,000)
5Wells Federal Bank 76 42%19%
  • 162%
  • (101,000 / $62,000)
  • 266%
  • (80,000 / $30,000)
6Qr Lending Inc 57 56%15%
  • 161%
  • (170,000 / $105,000)
  • 189%
  • (201,000 / $106,000)
7Beneficial Company Llc 53 5%90%
  • 278%
  • (256,000 / $92,000)
  • 230%
  • (76,000 / $33,000)
8Eastwood Bank 50 82%8%
  • 187%
  • (178,000 / $95,000)
  • 208%
  • (200,000 / $96,000)
9Jpmorgan Chase Bank 49 75%18%
  • 289%
  • (139,000 / $48,000)
  • 83%
  • (57,000 / $68,000)
10Mayo Employees Federal Cu 46 93%2%
  • 43%
  • (43,000 / $99,000)
  • 180%
  • (47,000 / $26,000)
11Us Bank 45 68%17%
  • 272%
  • (147,000 / $54,000)
  • 221%
  • (115,000 / $52,000)
12United Guaranty Corporation 45 73%13%
  • 246%
  • (64,000 / $26,000)
  • 313%
  • (210,000 / $67,000)
13Countrywide Bank Fsb 44 65%22%
  • 248%
  • (102,000 / $41,000)
  • 261%
  • (89,000 / $34,000)
14Citimortgage 44 81%0%
  • 190%
  • (80,000 / $42,000)
0
15Bank Of America 44 72%6%
  • 290%
  • (244,000 / $84,000)
  • 172%
  • (43,000 / $25,000)
16Embrace Home Loans, 42 9%42%
  • 202%
  • (99,000 / $49,000)
  • 273%
  • (153,000 / $56,000)
17Mortgage Guaranty Insurance Co 41 63%12%
  • 206%
  • (149,000 / $72,000)
  • 161%
  • (42,000 / $26,000)
18Citibank 38 73%18%
  • 130%
  • (56,000 / $43,000)
  • 93%
  • (31,000 / $33,000)
19Genworth Mortgage Insurance Co 34 79%0%
  • 236%
  • (52,000 / $22,000)
0
20Us Bank North Dakota 29 13%62%
  • 223%
  • (143,000 / $64,000)
  • 119%
  • (25,000 / $21,000)

Clayton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,328
  2. Loan Applications Denied: 457
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 1,384
  5. % of Loan Applications Originated 59

Clayton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history11
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Clayton, 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 - $100,0001,049 6020
$100,000 - $300,0001,200 5718
$300,000 - $500,00071 6015
$500,000 - $1,000,0006 830
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Clayton, 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 - $100,0001,997 5620
$100,000 - $300,000301 6911
$300,000 - $500,0007 2842
$500,000 - $1,000,0009 6622
$1,000,000 - $1,500,0005 4020
$1,500,000 - $2,000,0003 1000
> $2,000,0006 1000

Loan to Income Ratios Research for Mortgage in Clayton, 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%14059 20
30 - 60%15663 22
60 - 100%20066 17
100 - 200%74163 15
200 - 300%57956 19
300 - 400%32656 20
> 400%18641 33

Clayton, 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 Dwelling2,259 5919
Not Owner-Occupied As A Principal Dwelling63 6311
Not Applicable2 0100

Home Owner Property Type Statistics in Clayton, 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)2,141 5820
One To Four-Family167 739
Manufactured Housing20 3535
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