Top Collinwood, MN Mortgage Lenders

RankCollinwood Mortgage LenderCollinwood Home Loans ProcessedCollinwood Home Loans ApprovedCollinwood Home Loans DeniedCollinwood Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCollinwood Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 640 68%13%
  • 210%
  • (103,000 Loan / $49,000 Income)
  • 188%
  • (100,000 Loan / $53,000 Income)
2Jpmorgan Chase Bank 100 77%22%
  • 188%
  • (194,000 / $103,000)
  • 198%
  • (99,000 / $50,000)
3Center National Bank 99 87%6%
  • 183%
  • (248,000 / $135,000)
  • 222%
  • (140,000 / $63,000)
4Countrywide Bank Fsb 67 70%19%
  • 217%
  • (304,000 / $140,000)
  • 273%
  • (172,000 / $63,000)
5Citimortgage 65 80%9%
  • 310%
  • (180,000 / $58,000)
  • 285%
  • (257,000 / $90,000)
6Us Bank 59 71%16%
  • 271%
  • (76,000 / $28,000)
  • 328%
  • (184,000 / $56,000)
7Cornerstone Mortgage Company 58 82%5%
  • 317%
  • (89,000 / $28,000)
  • 287%
  • (190,000 / $66,000)
8Citibank 48 72%16%
  • 231%
  • (44,000 / $19,000)
  • 90%
  • (149,000 / $165,000)
9Wells Fargo Funding 46 95%2%
  • 194%
  • (97,000 / $50,000)
  • 463%
  • (417,000 / $90,000)
10Countrywide Home Loans 43 69%20%
  • 242%
  • (408,000 / $168,000)
  • 204%
  • (204,000 / $100,000)
11Phh Mortgage Corporation 42 78%2%
  • 214%
  • (202,000 / $94,000)
  • 217%
  • (402,000 / $185,000)
12Kleinbank 42 71%19%
  • 212%
  • (138,000 / $65,000)
  • 304%
  • (76,000 / $25,000)
13Beneficial Company Llc 41 4%70%
  • 410%
  • (152,000 / $37,000)
  • 303%
  • (240,000 / $79,000)
14State Bank Of Kimball 35 80%8%
  • 87%
  • (78,000 / $89,000)
  • 266%
  • (168,000 / $63,000)
15State Bank Of Cokato 34 94%5%
  • 200%
  • (106,000 / $53,000)
  • 375%
  • (124,000 / $33,000)
16Bank Of America 32 75%12%
  • 204%
  • (139,000 / $68,000)
  • 444%
  • (218,000 / $49,000)
17Novationcreditunion 31 87%3%
  • 38%
  • (38,000 / $100,000)
  • 57%
  • (55,000 / $96,000)
18Mortgage Guaranty Insurance Co 30 60%16%
  • 340%
  • (143,000 / $42,000)
  • 198%
  • (222,000 / $112,000)
19Wells Fargo Fin'l Minnesota 28 14%39%
  • 277%
  • (364,000 / $131,000)
  • 275%
  • (110,000 / $40,000)
20Midcountry Bank 26 61%23%
  • 255%
  • (199,000 / $78,000)
  • 275%
  • (91,000 / $33,000)

Collinwood, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,612
  2. Loan Applications Denied: 465
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,705
  5. % of Loan Applications Originated 65

Collinwood, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history11
Credit application incomplete5
Unverifiable information2

Collinwood, 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 - $100,000800 5921
$100,000 - $300,0001,630 6716
$300,000 - $500,000175 6415
$500,000 - $1,000,0007 8414

Collinwood, 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 - $100,0002,057 6218
$100,000 - $300,000517 7013
$300,000 - $500,00027 7311
$500,000 - $1,000,00010 7020
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Collinwood, 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%10758 23
30 - 60%15061 19
60 - 100%22466 15
100 - 200%68268 15
200 - 300%63068 15
300 - 400%49563 18
> 400%32452 25

Collinwood, 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 Dwelling2,379 6418
Not Owner-Occupied As A Principal Dwelling215 748
Not Applicable4 075

Home Owner Property Type Statistics in Collinwood, 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)2,428 6518
One To Four-Family116 746
Manufactured Housing68 5223
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