Top Clayton, NM 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
1Farmers And Stockmens Bank 57 70%14%
  • 40%
  • (14,000 Loan / $35,000 Income)
  • 141%
  • (89,000 Loan / $63,000 Income)
2Wells Fargo Bank 48 47%14%
  • 134%
  • (143,000 / $106,000)
  • 79%
  • (79,000 / $99,000)
3Phh Mortgage Corporation 47 72%4%
  • 164%
  • (150,000 / $91,000)
  • 92%
  • (60,000 / $65,000)
4Embrace Home Loans, 40 7%47%
  • 138%
  • (75,000 / $54,000)
  • 227%
  • (155,000 / $68,000)
5Countrywide Home Loans 37 72%21%
  • 262%
  • (63,000 / $24,000)
  • 274%
  • (85,000 / $31,000)
6Countrywide Bank Fsb 37 75%13%
  • 135%
  • (81,000 / $60,000)
  • 186%
  • (140,000 / $75,000)
7Taylor, Bean & Whitaker 31 93%0%
  • 182%
  • (95,000 / $52,000)
0
8Beneficial Company Llc 25 16%64%
  • 216%
  • (225,000 / $104,000)
  • 134%
  • (94,000 / $70,000)
9Hfc Company Llc 21 9%57%
  • 188%
  • (68,000 / $36,000)
  • 194%
  • (70,000 / $36,000)
10Bank Of America 21 66%33%
  • 114%
  • (40,000 / $35,000)
  • 186%
  • (151,000 / $81,000)
11Citimortgage 17 82%5%
  • 173%
  • (45,000 / $26,000)
  • 165%
  • (43,000 / $26,000)
12Charter Bank 17 64%23%
  • 155%
  • (214,000 / $138,000)
  • 141%
  • (143,000 / $101,000)
13Equifirst Corporation 16 18%18%
  • 220%
  • (106,000 / $48,000)
  • 222%
  • (138,000 / $62,000)
14Quicken Loans 15 53%20%
  • 121%
  • (112,000 / $92,000)
  • 268%
  • (121,000 / $45,000)
15Jpmorgan Chase Bank 14 71%28%
  • 142%
  • (70,000 / $49,000)
  • 269%
  • (140,000 / $52,000)
16Us Bank 13 69%30%
  • 138%
  • (130,000 / $94,000)
  • 157%
  • (191,000 / $121,000)
17Mortgage Guaranty Insurance Co 11 72%9%
  • 159%
  • (147,000 / $92,000)
  • 311%
  • (109,000 / $35,000)
18Radian Guaranty 10 50%0%
  • 181%
  • (60,000 / $33,000)
0
19Citibank 10 40%30%
  • 125%
  • (45,000 / $36,000)
  • 81%
  • (68,000 / $83,000)
20New Day Financial, Llc 9 0%77% 0
  • 256%
  • (169,000 / $66,000)

Clayton, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 703
  2. Loan Applications Denied: 173
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 366
  5. % of Loan Applications Originated 52

Clayton, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio7
Unverifiable information2
Insufficient cash (downpayment, closing costs)1

Clayton, NM Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000466 5025
$100,000 - $300,000233 5524
$300,000 - $500,0001 1000
$500,000 - $1,000,0002 00
> $2,000,0001 1000

Clayton, NM Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000617 5125
$100,000 - $300,00077 4818
$300,000 - $500,0007 570
$1,000,000 - $1,500,0001 00
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Clayton, NM

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%3855 15
30 - 60%5451 20
60 - 100%7262 12
100 - 200%30050 25
200 - 300%15050 27
300 - 400%6656 27
> 400%2330 47

Clayton, NM 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 Dwelling663 5125
Not Owner-Occupied As A Principal Dwelling38 6513

Home Owner Property Type Statistics in Clayton, NM 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)593 5323
Manufactured Housing67 3143
One To Four-Family43 674
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