Top Eastern, MN Mortgage Lenders

RankEastern Mortgage LenderEastern Home Loans ProcessedEastern Home Loans ApprovedEastern Home Loans DeniedEastern Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEastern Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 131 69%11%
  • 206%
  • (330,000 Loan / $160,000 Income)
  • 141%
  • (41,000 Loan / $29,000 Income)
2Midwest Bank 59 81%13%
  • 127%
  • (70,000 / $55,000)
  • 251%
  • (103,000 / $41,000)
3Jpmorgan Chase Bank 50 82%16%
  • 246%
  • (64,000 / $26,000)
  • 267%
  • (107,000 / $40,000)
4Us Bank 30 73%20%
  • 207%
  • (234,000 / $113,000)
  • 446%
  • (143,000 / $32,000)
5Countrywide Bank Fsb 28 71%21%
  • 265%
  • (125,000 / $47,000)
  • 327%
  • (154,000 / $47,000)
6Gate City Bank 27 66%11%
  • 249%
  • (417,000 / $167,000)
  • 428%
  • (193,000 / $45,000)
7Citimortgage 27 88%3%
  • 266%
  • (192,000 / $72,000)
  • 249%
  • (264,000 / $106,000)
8Us Bank North Dakota 24 45%37%
  • 158%
  • (209,000 / $132,000)
  • 226%
  • (240,000 / $106,000)
9Merchants Bank 22 95%4%
  • 178%
  • (73,000 / $41,000)
  • 210%
  • (80,000 / $38,000)
10Embrace Home Loans, 20 10%35%
  • 370%
  • (152,000 / $41,000)
  • 250%
  • (125,000 / $50,000)
11Beneficial Company Llc 19 5%84%
  • 194%
  • (105,000 / $54,000)
  • 194%
  • (105,000 / $54,000)
12Bank Of America 19 47%21%
  • 454%
  • (209,000 / $46,000)
  • 300%
  • (57,000 / $19,000)
13Affinity Plus Federal Credit U 17 52%11%
  • 257%
  • (229,000 / $89,000)
  • 413%
  • (95,000 / $23,000)
14Countrywide Home Loans 15 66%13%
  • 460%
  • (106,000 / $23,000)
  • 323%
  • (136,000 / $42,000)
15Genworth Mortgage Insurance Co 14 42%7%
  • 228%
  • (103,000 / $45,000)
  • 253%
  • (76,000 / $30,000)
16State Bank & Trust 12 41%25%
  • 225%
  • (192,000 / $85,000)
  • 368%
  • (107,000 / $29,000)
17Wells Fargo Funding 11 100%0%
  • 120%
  • (125,000 / $104,000)
0
18Us Bk Na Nd 9 44%33%
  • 183%
  • (189,000 / $103,000)
  • 78%
  • (25,000 / $32,000)
19Quicken Loans 9 55%44%
  • 439%
  • (123,000 / $28,000)
  • 293%
  • (126,000 / $43,000)
20Mortgage Guaranty Insurance Co 8 87%0%
  • 197%
  • (79,000 / $40,000)
0

Eastern, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 831
  2. Loan Applications Denied: 159
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 517
  5. % of Loan Applications Originated 62

Eastern, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Insufficient cash (downpayment, closing costs)1

Eastern, 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 - $100,000327 6122
$100,000 - $300,000462 5818
$300,000 - $500,00038 915
$500,000 - $1,000,0004 1000

Eastern, 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 - $100,000658 5721
$100,000 - $300,000155 7610
$300,000 - $500,0008 740
$500,000 - $1,000,0008 620
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Eastern, 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%3553 20
30 - 60%5163 19
60 - 100%7566 16
100 - 200%24565 16
200 - 300%22963 16
300 - 400%9862 19
> 400%9842 33

Eastern, 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 Dwelling674 5821
Not Owner-Occupied As A Principal Dwelling150 7611

Home Owner Property Type Statistics in Eastern, 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)767 6219
One To Four-Family36 722
Manufactured Housing28 5317
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