Top Fairhaven, MN Mortgage Lenders

RankFairhaven Mortgage LenderFairhaven Home Loans ProcessedFairhaven Home Loans ApprovedFairhaven Home Loans DeniedFairhaven Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFairhaven Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 273 66%14%
  • 186%
  • (121,000 Loan / $65,000 Income)
  • 203%
  • (175,000 Loan / $86,000 Income)
2Liberty Savings Bank Fsb 108 88%3%
  • 233%
  • (222,000 / $95,000)
  • 189%
  • (208,000 / $110,000)
3Us Bank 80 77%15%
  • 235%
  • (165,000 / $70,000)
  • 317%
  • (149,000 / $47,000)
4Phh Mortgage Corporation 71 85%2%
  • 224%
  • (218,000 / $97,000)
  • 493%
  • (316,000 / $64,000)
5Jpmorgan Chase Bank 58 91%6%
  • 295%
  • (118,000 / $40,000)
  • 255%
  • (299,000 / $117,000)
6Northview Bank 57 63%22%
  • 167%
  • (263,000 / $157,000)
  • 246%
  • (32,000 / $13,000)
7State Bank Of Kimball 51 60%19%
  • 163%
  • (118,000 / $72,000)
  • 239%
  • (213,000 / $89,000)
8Bank Of America 49 81%12%
  • 257%
  • (67,000 / $26,000)
  • 298%
  • (278,000 / $93,000)
9Affinity Plus Federal Credit U 46 76%4%
  • 135%
  • (38,000 / $28,000)
  • 657%
  • (125,000 / $19,000)
10Us Bk Na Nd 37 35%54%
  • 95%
  • (40,000 / $42,000)
  • 166%
  • (118,000 / $71,000)
11Bremer Bank Na (St Cloud) 33 84%0%
  • 223%
  • (143,000 / $64,000)
0
12Agstar Financial Services 33 60%9%
  • 242%
  • (170,000 / $70,000)
  • 126%
  • (200,000 / $158,000)
13Annandale State Bank 32 65%15%
  • 220%
  • (110,000 / $50,000)
  • 200%
  • (140,000 / $70,000)
14Members Cooperative Credit Uni 27 51%7%
  • 166%
  • (172,000 / $103,000)
  • 240%
  • (224,000 / $93,000)
15Tcf National Bank 21 19%42%
  • 379%
  • (243,000 / $64,000)
  • 192%
  • (152,000 / $79,000)
16Great River Federal Cu 19 47%26%
  • 60%
  • (54,000 / $90,000)
  • 200%
  • (100,000 / $50,000)
17North Shore Bank Of Commerce 18 77%16%
  • 171%
  • (65,000 / $38,000)
  • 264%
  • (103,000 / $39,000)
18Wells Fargo Funding 17 94%0% 0 0
19Suntrust Mortgage 17 88%5%
  • 201%
  • (274,000 / $136,000)
  • 302%
  • (236,000 / $78,000)
20C.U. Mortgage Services, 16 81%6%
  • 168%
  • (91,000 / $54,000)
  • 140%
  • (149,000 / $106,000)

Fairhaven, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,566
  2. Loan Applications Denied: 240
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,071
  5. % of Loan Applications Originated 68

Fairhaven, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral21
Debt-to-income ratio15
Credit history14
Credit application incomplete3
Insufficient cash (downpayment, closing costs)2

Fairhaven, 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 - $100,000426 6418
$100,000 - $300,0001,043 6913
$300,000 - $500,00087 7313
$500,000 - $1,000,0006 3316
$1,000,000 - $1,500,0004 2575

Fairhaven, 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 - $100,0001,227 6616
$100,000 - $300,000319 7211
$300,000 - $500,00015 6026
$500,000 - $1,000,0005 600

Loan to Income Ratios Research for Mortgage in Fairhaven, 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%5369 22
30 - 60%6069 11
60 - 100%12464 11
100 - 200%47573 14
200 - 300%44467 15
300 - 400%23264 14
> 400%17862 19

Fairhaven, 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 Dwelling1,449 6815
Not Owner-Occupied As A Principal Dwelling113 679
Not Applicable1 0100

Home Owner Property Type Statistics in Fairhaven, 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)1,488 6815
One To Four-Family41 7012
Manufactured Housing37 5427
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