Top Concord, MN Mortgage Lenders

RankConcord Mortgage LenderConcord Home Loans ProcessedConcord Home Loans ApprovedConcord Home Loans DeniedConcord Mortgage Median Loan to Income Ratio (LTR) for Approved LoansConcord Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 823 63%19%
  • 198%
  • (141,000 Loan / $71,000 Income)
  • 176%
  • (132,000 Loan / $75,000 Income)
2Think Mutual Bank 305 61%13%
  • 128%
  • (112,000 / $87,000)
  • 171%
  • (65,000 / $38,000)
3Eastwood Bank 292 71%13%
  • 191%
  • (191,000 / $100,000)
  • 236%
  • (85,000 / $36,000)
4Affinity Plus Federal Credit U 146 63%1%
  • 90%
  • (120,000 / $133,000)
  • 241%
  • (150,000 / $62,000)
5Bank Of America 104 71%15%
  • 273%
  • (213,000 / $78,000)
  • 204%
  • (102,000 / $50,000)
6Qr Lending Inc 103 63%9%
  • 179%
  • (185,000 / $103,000)
  • 234%
  • (220,000 / $94,000)
7Us Bank 99 78%13%
  • 223%
  • (76,000 / $34,000)
  • 214%
  • (118,000 / $55,000)
8Jpmorgan Chase Bank 99 80%17%
  • 231%
  • (74,000 / $32,000)
  • 238%
  • (169,000 / $71,000)
9Agstar Financial Services 93 67%3%
  • 176%
  • (718,000 / $407,000)
  • 150%
  • (12,000 / $8,000)
10Countrywide Bank Fsb 81 67%19%
  • 238%
  • (136,000 / $57,000)
  • 241%
  • (135,000 / $56,000)
11Merchants Bank 77 84%7%
  • 206%
  • (68,000 / $33,000)
  • 258%
  • (80,000 / $31,000)
12Mayo Employees Federal Cu 70 81%7%
  • 37%
  • (39,000 / $105,000)
  • 173%
  • (85,000 / $49,000)
13Home Federal Savings Bank 61 52%19%
  • 176%
  • (120,000 / $68,000)
  • 118%
  • (151,000 / $127,000)
14Farmers State Bank Of West Con 58 53%27%
  • 78%
  • (32,000 / $41,000)
  • 158%
  • (108,000 / $68,000)
15Citimortgage 58 81%8%
  • 216%
  • (91,000 / $42,000)
  • 242%
  • (102,000 / $42,000)
16United Guaranty Corporation 53 71%7%
  • 251%
  • (244,000 / $97,000)
  • 241%
  • (241,000 / $100,000)
17Mortgage Guaranty Insurance Co 53 69%13%
  • 262%
  • (131,000 / $50,000)
  • 276%
  • (119,000 / $43,000)
18Prime Lending 49 87%4%
  • 245%
  • (145,000 / $59,000)
  • 227%
  • (134,000 / $59,000)
19Citizens State Bank Of Hayfiel 48 79%10%
  • 64%
  • (68,000 / $106,000)
  • 34%
  • (38,000 / $109,000)
20Countrywide Home Loans 47 87%10%
  • 226%
  • (95,000 / $42,000)
  • 309%
  • (220,000 / $71,000)

Concord, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,090
  2. Loan Applications Denied: 693
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 2,627
  5. % of Loan Applications Originated 64

Concord, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Concord, 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 - $100,0001,429 6020
$100,000 - $300,0002,511 6514
$300,000 - $500,000145 6317
$500,000 - $1,000,0004 7525
$1,000,000 - $1,500,0001 00

Concord, 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 - $100,0003,106 6018
$100,000 - $300,000963 7310
$300,000 - $500,00010 8020
$500,000 - $1,000,0003 1000
$1,000,000 - $1,500,0005 6020
> $2,000,0003 1000

Loan to Income Ratios Research for Mortgage in Concord, 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%21859 26
30 - 60%24363 19
60 - 100%32766 17
100 - 200%1,27566 14
200 - 300%1,19864 13
300 - 400%56360 19
> 400%26652 27

Concord, 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 Dwelling3,975 6416
Not Owner-Occupied As A Principal Dwelling105 6715
Not Applicable4 025

Home Owner Property Type Statistics in Concord, 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)3,821 6317
One To Four-Family223 776
Manufactured Housing46 4732
More Concord, MN Mortgage Research: