Top Delano, MN Mortgage Lenders

RankDelano Mortgage LenderDelano Home Loans ProcessedDelano Home Loans ApprovedDelano Home Loans DeniedDelano Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDelano Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 567 71%9%
  • 211%
  • (125,000 Loan / $59,000 Income)
  • 185%
  • (130,000 Loan / $70,000 Income)
2Jpmorgan Chase Bank 177 90%7%
  • 227%
  • (300,000 / $132,000)
  • 196%
  • (175,000 / $89,000)
3Us Bank 120 80%10%
  • 248%
  • (273,000 / $110,000)
  • 247%
  • (376,000 / $152,000)
4Phh Home Loans 115 77%9%
  • 263%
  • (285,000 / $108,000)
  • 346%
  • (170,000 / $49,000)
5Citimortgage 104 79%5%
  • 237%
  • (178,000 / $75,000)
  • 310%
  • (326,000 / $105,000)
6Bank Of America 92 73%16%
  • 221%
  • (283,000 / $128,000)
  • 270%
  • (184,000 / $68,000)
7Countrywide Bank Fsb 85 78%15%
  • 214%
  • (298,000 / $139,000)
  • 280%
  • (350,000 / $125,000)
8Wells Fargo Funding 81 100%0%
  • 162%
  • (210,000 / $129,000)
0
9Citibank 70 75%8%
  • 163%
  • (80,000 / $49,000)
  • 131%
  • (50,000 / $38,000)
10Bell America Mortgage Llc Dba 66 74%0%
  • 260%
  • (312,000 / $120,000)
0
11The Business Bank 62 87%3%
  • 262%
  • (252,000 / $96,000)
  • 288%
  • (260,000 / $90,000)
12Phh Mortgage Corporation 59 84%0%
  • 241%
  • (417,000 / $173,000)
0
13Nationstar Mortgage Llc 55 83%9%
  • 231%
  • (208,000 / $90,000)
  • 304%
  • (186,000 / $61,000)
14Mortgage Services Iii, L.L.C. 48 91%0%
  • 263%
  • (150,000 / $57,000)
0
15Tcf National Bank 44 34%36%
  • 202%
  • (339,000 / $167,000)
  • 330%
  • (271,000 / $82,000)
16Countrywide Home Loans 40 90%7%
  • 260%
  • (234,000 / $90,000)
  • 328%
  • (250,000 / $76,000)
17Kleinbank 39 58%25%
  • 186%
  • (129,000 / $69,000)
  • 196%
  • (305,000 / $155,000)
18State Bank & Trust 38 76%0%
  • 249%
  • (417,000 / $167,000)
0
19New York Community Bank 36 75%19%
  • 222%
  • (176,000 / $79,000)
  • 318%
  • (140,000 / $44,000)
20Mortgage Guaranty Insurance Co 35 80%2%
  • 292%
  • (161,000 / $55,000)
  • 314%
  • (349,000 / $111,000)

Delano, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,449
  2. Loan Applications Denied: 459
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,407
  5. % of Loan Applications Originated 69

Delano, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio8
Credit history7
Credit application incomplete4
Unverifiable information1

Delano, 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 - $100,000531 6814
$100,000 - $300,0002,349 7112
$300,000 - $500,000504 6316
$500,000 - $1,000,00060 3923
$1,000,000 - $1,500,0005 2040

Delano, 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 - $100,0002,173 6913
$100,000 - $300,0001,227 6912
$300,000 - $500,00032 6515
$500,000 - $1,000,00013 7615
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0001 00
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Delano, 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%10157 21
30 - 60%14570 11
60 - 100%20372 14
100 - 200%86971 11
200 - 300%1,05572 9
300 - 400%65468 14
> 400%42258 21

Delano, 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 Dwelling3,336 6913
Not Owner-Occupied As A Principal Dwelling111 699

Home Owner Property Type Statistics in Delano, 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)3,305 6913
One To Four-Family140 802
Manufactured Housing4 075
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