Top Fairfield, MN Mortgage Lenders

RankFairfield Mortgage LenderFairfield Home Loans ProcessedFairfield Home Loans ApprovedFairfield Home Loans DeniedFairfield Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFairfield Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 532 70%12%
  • 171%
  • (390,000 Loan / $228,000 Income)
  • 202%
  • (170,000 Loan / $84,000 Income)
2Us Bank 304 83%10%
  • 222%
  • (118,000 / $53,000)
  • 262%
  • (299,000 / $114,000)
3Jpmorgan Chase Bank 162 85%10%
  • 216%
  • (216,000 / $100,000)
  • 304%
  • (143,000 / $47,000)
4Countrywide Bank Fsb 100 73%17%
  • 252%
  • (285,000 / $113,000)
  • 304%
  • (381,000 / $125,000)
5Citimortgage 95 73%13%
  • 186%
  • (263,000 / $141,000)
  • 318%
  • (121,000 / $38,000)
6Riverwood Bank 88 78%6%
  • 238%
  • (379,000 / $159,000)
  • 269%
  • (237,000 / $88,000)
7Bank Of America 83 74%14%
  • 182%
  • (214,000 / $117,000)
  • 344%
  • (269,000 / $78,000)
8Countrywide Home Loans 62 80%11%
  • 233%
  • (112,000 / $48,000)
  • 236%
  • (170,000 / $72,000)
9Citibank 50 70%8%
  • 122%
  • (75,000 / $61,000)
  • 90%
  • (150,000 / $165,000)
10The Business Bank 46 89%4%
  • 164%
  • (115,000 / $70,000)
  • 416%
  • (200,000 / $48,000)
11Unity Bank 39 76%12%
  • 140%
  • (45,000 / $32,000)
  • 285%
  • (180,000 / $63,000)
12Us Bank North Dakota 38 36%36%
  • 172%
  • (117,000 / $68,000)
  • 206%
  • (165,000 / $80,000)
13Affinity Plus Federal Credit U 37 67%2%
  • 140%
  • (176,000 / $125,000)
  • 10%
  • (13,000 / $123,000)
14Wells Fargo Funding 35 100%0%
  • 150%
  • (200,000 / $133,000)
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15Provident Funding Associates 34 67%20%
  • 192%
  • (382,000 / $198,000)
  • 306%
  • (368,000 / $120,000)
16Frandsen Bank & Trust 32 84%12%
  • 147%
  • (373,000 / $253,000)
  • 188%
  • (240,000 / $127,000)
17Mortgage Guaranty Insurance Co 28 71%10%
  • 252%
  • (285,000 / $113,000)
  • 96%
  • (110,000 / $114,000)
18Us Bk Na Nd 27 40%37%
  • 90%
  • (106,000 / $117,000)
  • 218%
  • (120,000 / $55,000)
19Bell America Mortgage Llc Dba 27 70%7%
  • 165%
  • (417,000 / $252,000)
  • 403%
  • (246,000 / $61,000)
20Amtrust Bank 22 81%0%
  • 158%
  • (351,000 / $221,000)
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Fairfield, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,978
  2. Loan Applications Denied: 430
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 2,103
  5. % of Loan Applications Originated 70

Fairfield, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Debt-to-income ratio13
Credit history9
Credit application incomplete5
Unverifiable information3

Fairfield, 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 - $100,000498 6316
$100,000 - $300,0001,648 7014
$300,000 - $500,000675 7412
$500,000 - $1,000,000131 6719
$1,000,000 - $1,500,00021 6119
$1,500,000 - $2,000,0002 500
> $2,000,0003 660

Fairfield, 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 - $100,0001,492 6318
$100,000 - $300,0001,193 759
$300,000 - $500,000189 7511
$500,000 - $1,000,00083 866
$1,000,000 - $1,500,00013 6815
$1,500,000 - $2,000,0003 660
> $2,000,0005 800

Loan to Income Ratios Research for Mortgage in Fairfield, 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%6163 14
30 - 60%16569 16
60 - 100%33674 11
100 - 200%93175 10
200 - 300%67271 12
300 - 400%39365 18
> 400%42057 24

Fairfield, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling1,464 7810
Owner-Occupied As A Principal Dwelling1,458 6218
Not Applicable10 6020

Home Owner Property Type Statistics in Fairfield, 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)2,811 7014
One To Four-Family93 786
Manufactured Housing74 5536
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