Top Deerwood, MN Mortgage Lenders

RankDeerwood Mortgage LenderDeerwood Home Loans ProcessedDeerwood Home Loans ApprovedDeerwood Home Loans DeniedDeerwood Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDeerwood Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 613 63%16%
  • 185%
  • (217,000 Loan / $117,000 Income)
  • 156%
  • (75,000 Loan / $48,000 Income)
2Us Bank 225 82%10%
  • 231%
  • (206,000 / $89,000)
  • 256%
  • (192,000 / $75,000)
3Jpmorgan Chase Bank 152 84%11%
  • 267%
  • (267,000 / $100,000)
  • 270%
  • (184,000 / $68,000)
4Unity Bank 145 81%14%
  • 162%
  • (78,000 / $48,000)
  • 237%
  • (140,000 / $59,000)
5Bank Of America 131 74%13%
  • 220%
  • (417,000 / $189,000)
  • 242%
  • (92,000 / $38,000)
6Countrywide Bank Fsb 128 75%18%
  • 255%
  • (171,000 / $67,000)
  • 353%
  • (332,000 / $94,000)
7Affinity Plus Federal Credit U 122 59%7%
  • 192%
  • (129,000 / $67,000)
  • 153%
  • (198,000 / $129,000)
8Citimortgage 83 75%8%
  • 177%
  • (80,000 / $45,000)
  • 263%
  • (245,000 / $93,000)
9Countrywide Home Loans 72 86%9%
  • 192%
  • (144,000 / $75,000)
  • 258%
  • (150,000 / $58,000)
10Mortgage Guaranty Insurance Co 68 73%2%
  • 200%
  • (283,000 / $141,000)
  • 105%
  • (57,000 / $54,000)
11Beneficial Company Llc 53 1%86%
  • 486%
  • (224,000 / $46,000)
  • 216%
  • (130,000 / $60,000)
12Wells Fargo Funding 39 94%0%
  • 182%
  • (263,000 / $144,000)
0
13Quicken Loans 39 58%38%
  • 231%
  • (171,000 / $74,000)
  • 328%
  • (105,000 / $32,000)
14Citibank 39 69%15%
  • 126%
  • (292,000 / $230,000)
  • 95%
  • (184,000 / $192,000)
15United Guaranty Corporation 37 75%8%
  • 302%
  • (133,000 / $44,000)
  • 431%
  • (125,000 / $29,000)
16Embrace Home Loans, 36 5%55%
  • 538%
  • (210,000 / $39,000)
  • 333%
  • (100,000 / $30,000)
17Us Bk Na Nd 35 54%34%
  • 164%
  • (94,000 / $57,000)
  • 213%
  • (156,000 / $73,000)
18Cmg Mortgage Insurance Co. 35 88%2%
  • 241%
  • (145,000 / $60,000)
  • 175%
  • (128,000 / $73,000)
19Us Bank North Dakota 32 53%37%
  • 129%
  • (122,000 / $94,000)
  • 270%
  • (46,000 / $17,000)
20Citifinancial Services Inc 30 26%53%
  • 401%
  • (217,000 / $54,000)
  • 93%
  • (15,000 / $16,000)

Deerwood, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,265
  2. Loan Applications Denied: 604
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 2,107
  5. % of Loan Applications Originated 64

Deerwood, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio10
Credit history9
Unverifiable information2
Credit application incomplete2

Deerwood, 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 - $100,0001,041 6120
$100,000 - $300,0001,893 6418
$300,000 - $500,000296 7113
$500,000 - $1,000,00034 5226
$1,000,000 - $1,500,0001 1000

Deerwood, 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 - $100,0002,423 6120
$100,000 - $300,000720 7113
$300,000 - $500,00082 827
$500,000 - $1,000,00030 6313
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0002 1000
> $2,000,0006 660

Loan to Income Ratios Research for Mortgage in Deerwood, 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%11660 25
30 - 60%13959 20
60 - 100%31167 13
100 - 200%90270 13
200 - 300%90665 17
300 - 400%48562 19
> 400%40647 30

Deerwood, 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 Dwelling2,523 6120
Not Owner-Occupied As A Principal Dwelling726 7412

Home Owner Property Type Statistics in Deerwood, 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)2,949 6419
One To Four-Family192 773
Manufactured Housing124 5225
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