Top Connelly, MN Mortgage Lenders

RankConnelly Mortgage LenderConnelly Home Loans ProcessedConnelly Home Loans ApprovedConnelly Home Loans DeniedConnelly Mortgage Median Loan to Income Ratio (LTR) for Approved LoansConnelly Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 179 65%17%
  • 157%
  • (110,000 Loan / $70,000 Income)
  • 188%
  • (51,000 Loan / $27,000 Income)
2State Bank & Trust 118 72%17%
  • 151%
  • (53,000 / $35,000)
  • 140%
  • (90,000 / $64,000)
3Gate City Bank 112 68%11%
  • 117%
  • (47,000 / $40,000)
  • 125%
  • (75,000 / $60,000)
4Riverwood Bank 100 82%6%
  • 54%
  • (18,000 / $33,000)
  • 200%
  • (80,000 / $40,000)
5Bank Of The West 94 61%25%
  • 117%
  • (67,000 / $57,000)
  • 130%
  • (180,000 / $138,000)
6Jpmorgan Chase Bank 84 88%9%
  • 186%
  • (84,000 / $45,000)
  • 128%
  • (73,000 / $57,000)
7American Federal Bank 84 82%9%
  • 133%
  • (80,000 / $60,000)
  • 100%
  • (16,000 / $16,000)
8Citifinancial Services Inc 53 20%49%
  • 140%
  • (42,000 / $30,000)
  • 144%
  • (85,000 / $59,000)
9Midwest Bank 52 84%13%
  • 141%
  • (61,000 / $43,000)
  • 220%
  • (95,000 / $43,000)
10First Community Credit Union 52 48%32%
  • 63%
  • (26,000 / $41,000)
  • 188%
  • (66,000 / $35,000)
11Citimortgage 49 91%2%
  • 194%
  • (74,000 / $38,000)
  • 49%
  • (80,000 / $162,000)
12Us Bank 30 76%13%
  • 188%
  • (126,000 / $67,000)
  • 187%
  • (199,000 / $106,000)
13Affinity Plus Federal Credit U 27 70%7%
  • 48%
  • (16,000 / $33,000)
  • 233%
  • (49,000 / $21,000)
14Embrace Home Loans, 21 0%38% 0
  • 159%
  • (126,000 / $79,000)
15Mortgage Guaranty Insurance Co 20 85%0%
  • 200%
  • (70,000 / $35,000)
0
16Us Bank North Dakota 19 15%57%
  • 240%
  • (144,000 / $60,000)
  • 136%
  • (45,000 / $33,000)
17Us Bk Na Nd 16 68%25%
  • 97%
  • (70,000 / $72,000)
  • 188%
  • (143,000 / $76,000)
18Hfc Company Llc 16 0%68% 0
  • 126%
  • (58,000 / $46,000)
19Bank Of America 15 73%20%
  • 198%
  • (125,000 / $63,000)
  • 275%
  • (220,000 / $80,000)
20Phh Mortgage Corporation 13 76%0%
  • 235%
  • (87,000 / $37,000)
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Connelly, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,425
  2. Loan Applications Denied: 276
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 924
  5. % of Loan Applications Originated 64

Connelly, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history22
Collateral12
Debt-to-income ratio11
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Connelly, 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 - $100,000966 6321
$100,000 - $300,000443 6714
$300,000 - $500,00013 4538
$500,000 - $1,000,0003 033

Connelly, 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 - $100,0001,250 6419
$100,000 - $300,000168 6816
$300,000 - $500,0005 6020
$500,000 - $1,000,0002 500

Loan to Income Ratios Research for Mortgage in Connelly, 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%12869 20
30 - 60%15462 20
60 - 100%18170 17
100 - 200%48765 15
200 - 300%33162 20
300 - 400%9458 24
> 400%5042 34

Connelly, 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 Dwelling1,386 6519
Not Owner-Occupied As A Principal Dwelling38 5726
Not Applicable1 1000

Home Owner Property Type Statistics in Connelly, 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)1,342 6419
One To Four-Family52 840
Manufactured Housing31 5825
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