Top Clover, MN Mortgage Lenders

RankClover Mortgage LenderClover Home Loans ProcessedClover Home Loans ApprovedClover Home Loans DeniedClover Mortgage Median Loan to Income Ratio (LTR) for Approved LoansClover Mortgage Median LTR for Denied Loans
1Northview Bank 93 46%32%
  • 155%
  • (56,000 Loan / $36,000 Income)
  • 248%
  • (72,000 Loan / $29,000 Income)
2Lake State Federal Credit Unio 91 20%21%
  • 217%
  • (122,000 / $56,000)
  • 295%
  • (136,000 / $46,000)
3Wells Fargo Bank 75 52%20%
  • 193%
  • (151,000 / $78,000)
  • 154%
  • (88,000 / $57,000)
4Woodlands National Bank 51 35%50%
  • 170%
  • (116,000 / $68,000)
  • 269%
  • (175,000 / $65,000)
5Phh Mortgage Corporation 46 97%0%
  • 216%
  • (145,000 / $67,000)
0
6Jpmorgan Chase Bank 30 76%16%
  • 313%
  • (91,000 / $29,000)
  • 264%
  • (185,000 / $70,000)
7Us Bank 24 66%25%
  • 158%
  • (73,000 / $46,000)
  • 380%
  • (175,000 / $46,000)
8Citimortgage 21 66%14%
  • 225%
  • (72,000 / $32,000)
  • 284%
  • (108,000 / $38,000)
9Bank Of America 19 57%26%
  • 150%
  • (125,000 / $83,000)
  • 224%
  • (204,000 / $91,000)
10Mortgage Guaranty Insurance Co 17 64%17%
  • 236%
  • (116,000 / $49,000)
  • 286%
  • (152,000 / $53,000)
11Cmg Mortgage Insurance Co. 17 64%11%
  • 278%
  • (64,000 / $23,000)
  • 214%
  • (182,000 / $85,000)
12Us Bk Na Nd 16 37%56%
  • 163%
  • (75,000 / $46,000)
  • 88%
  • (113,000 / $127,000)
13Embrace Home Loans, 14 14%57%
  • 597%
  • (233,000 / $39,000)
  • 405%
  • (142,000 / $35,000)
14Wealthbridge Mortgage Corp. 12 66%33%
  • 243%
  • (100,000 / $41,000)
  • 295%
  • (59,000 / $20,000)
15Countrywide Bank Fsb 12 66%16%
  • 154%
  • (34,000 / $22,000)
  • 491%
  • (241,000 / $49,000)
16Agstar Financial Services 12 50%16%
  • 217%
  • (63,000 / $29,000)
  • 388%
  • (233,000 / $60,000)
17Beneficial Company Llc 11 18%72%
  • 222%
  • (220,000 / $99,000)
  • 476%
  • (119,000 / $25,000)
18Wells Fargo Funding 10 100%0%
  • 58%
  • (60,000 / $103,000)
0
19Towne Mortgage Company 10 90%0%
  • 209%
  • (109,000 / $52,000)
0
20Countrywide Home Loans 10 70%30%
  • 223%
  • (212,000 / $95,000)
  • 201%
  • (171,000 / $85,000)

Clover, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 909
  2. Loan Applications Denied: 240
  3. % of Loan Applications Denied: 26
  4. # of Loan Originations: 470
  5. % of Loan Applications Originated 51

Clover, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history18
Collateral14
Debt-to-income ratio13
Unverifiable information3
Credit application incomplete2

Clover, 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 - $100,000395 5328
$100,000 - $300,000494 4924
$300,000 - $500,00018 2733
$500,000 - $1,000,0002 1000

Clover, 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 - $100,000770 5226
$100,000 - $300,000135 4625
$300,000 - $500,0002 5050
$500,000 - $1,000,0002 500

Loan to Income Ratios Research for Mortgage in Clover, 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%2544 44
30 - 60%7253 25
60 - 100%6950 20
100 - 200%22958 20
200 - 300%26953 25
300 - 400%12449 25
> 400%12133 39

Clover, 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 Dwelling777 5027
Not Owner-Occupied As A Principal Dwelling122 6121
Not Applicable1 1000

Home Owner Property Type Statistics in Clover, 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)790 5126
Manufactured Housing66 4533
One To Four-Family53 699
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