Top Effington, MN Mortgage Lenders

RankEffington Mortgage LenderEffington Home Loans ProcessedEffington Home Loans ApprovedEffington Home Loans DeniedEffington Mortgage Median Loan to Income Ratio (LTR) for Approved LoansEffington Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 262 70%12%
  • 180%
  • (72,000 Loan / $40,000 Income)
  • 159%
  • (275,000 Loan / $172,000 Income)
2Jpmorgan Chase Bank 89 85%13%
  • 256%
  • (277,000 / $108,000)
  • 301%
  • (178,000 / $59,000)
3Midwest Bank 77 84%11%
  • 151%
  • (88,000 / $58,000)
  • 211%
  • (178,000 / $84,000)
4Us Bank 71 71%16%
  • 204%
  • (225,000 / $110,000)
  • 280%
  • (115,000 / $41,000)
5Citimortgage 60 88%6%
  • 255%
  • (148,000 / $58,000)
  • 334%
  • (107,000 / $32,000)
6Gate City Bank 50 74%14%
  • 190%
  • (80,000 / $42,000)
  • 329%
  • (280,000 / $85,000)
7Affinity Plus Federal Credit U 48 60%6%
  • 147%
  • (124,000 / $84,000)
  • 413%
  • (95,000 / $23,000)
8State Bank & Trust 46 63%19%
  • 138%
  • (238,000 / $172,000)
  • 228%
  • (130,000 / $57,000)
9Merchants Bank 43 95%4%
  • 227%
  • (150,000 / $66,000)
  • 490%
  • (147,000 / $30,000)
10Countrywide Bank Fsb 40 70%22%
  • 265%
  • (125,000 / $47,000)
  • 291%
  • (105,000 / $36,000)
11Bank Of America 38 60%15%
  • 200%
  • (136,000 / $68,000)
  • 250%
  • (135,000 / $54,000)
12American Federal Bank 36 75%19%
  • 153%
  • (60,000 / $39,000)
  • 223%
  • (67,000 / $30,000)
13Us Bank North Dakota 28 46%35%
  • 163%
  • (80,000 / $49,000)
  • 226%
  • (152,000 / $67,000)
14Genworth Mortgage Insurance Co 27 44%7%
  • 228%
  • (103,000 / $45,000)
  • 313%
  • (207,000 / $66,000)
15Countrywide Home Loans 23 73%13%
  • 261%
  • (81,000 / $31,000)
  • 323%
  • (136,000 / $42,000)
16Embrace Home Loans, 22 9%36%
  • 370%
  • (152,000 / $41,000)
  • 250%
  • (125,000 / $50,000)
17Beneficial Company Llc 22 9%77%
  • 194%
  • (105,000 / $54,000)
  • 194%
  • (105,000 / $54,000)
18Wells Fargo Funding 20 100%0%
  • 120%
  • (125,000 / $104,000)
0
19Us Bk Na Nd 19 52%31%
  • 119%
  • (43,000 / $36,000)
  • 176%
  • (67,000 / $38,000)
20Citibank 19 68%26%
  • 234%
  • (157,000 / $67,000)
  • 152%
  • (61,000 / $40,000)

Effington, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,590
  2. Loan Applications Denied: 276
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,050
  5. % of Loan Applications Originated 66

Effington, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information1

Effington, 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 - $100,000523 6320
$100,000 - $300,000960 6516
$300,000 - $500,00099 7314
$500,000 - $1,000,0008 7525

Effington, 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 - $100,0001,170 6119
$100,000 - $300,000376 7511
$300,000 - $500,00026 800
$500,000 - $1,000,00016 810
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Effington, 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%6866 13
30 - 60%9976 13
60 - 100%14067 15
100 - 200%45969 14
200 - 300%43466 17
300 - 400%19563 18
> 400%19549 28

Effington, 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 Dwelling1,207 6220
Not Owner-Occupied As A Principal Dwelling366 788

Home Owner Property Type Statistics in Effington, 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)1,461 6617
One To Four-Family71 637
Manufactured Housing58 6020
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