Top Falcon Heights, MN Mortgage Lenders

RankFalcon Heights Mortgage LenderFalcon Heights Home Loans ProcessedFalcon Heights Home Loans ApprovedFalcon Heights Home Loans DeniedFalcon Heights Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFalcon Heights Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 280 70%12%
  • 198%
  • (230,000 Loan / $116,000 Income)
  • 227%
  • (209,000 Loan / $92,000 Income)
2Affinity Plus Federal Credit U 113 61%1%
  • 120%
  • (140,000 / $116,000)
  • 254%
  • (181,000 / $71,000)
3Us Bank 77 75%10%
  • 246%
  • (190,000 / $77,000)
  • 300%
  • (300,000 / $100,000)
4Jpmorgan Chase Bank 74 86%9%
  • 202%
  • (198,000 / $98,000)
  • 206%
  • (413,000 / $200,000)
5Tcf National Bank 56 25%44%
  • 276%
  • (177,000 / $64,000)
  • 297%
  • (202,000 / $68,000)
6Citimortgage 53 86%3%
  • 212%
  • (257,000 / $121,000)
  • 261%
  • (285,000 / $109,000)
7Bank Of America 40 75%17%
  • 232%
  • (184,000 / $79,000)
  • 187%
  • (150,000 / $80,000)
8Phh Home Loans 37 81%5%
  • 237%
  • (254,000 / $107,000)
  • 401%
  • (205,000 / $51,000)
9Us Bk Na Nd 35 48%28%
  • 90%
  • (80,000 / $88,000)
  • 164%
  • (210,000 / $128,000)
10Wells Fargo Funding 32 100%0%
  • 202%
  • (394,000 / $195,000)
0
11The Business Bank 29 96%0%
  • 234%
  • (350,000 / $149,000)
0
12Countrywide Bank Fsb 23 82%8%
  • 200%
  • (184,000 / $92,000)
  • 503%
  • (302,000 / $60,000)
13Bremer Bank Na (Twin Cities) 19 52%5%
  • 79%
  • (19,000 / $24,000)
  • 178%
  • (196,000 / $110,000)
14United Guaranty Corporation 16 87%6%
  • 190%
  • (194,000 / $102,000)
  • 546%
  • (268,000 / $49,000)
15Radian Guaranty 16 75%0%
  • 265%
  • (343,000 / $129,000)
0
16Provident Funding Associates 16 56%31%
  • 183%
  • (180,000 / $98,000)
  • 219%
  • (180,000 / $82,000)
17Guaranteed Rate Inc 16 87%6%
  • 291%
  • (169,000 / $58,000)
  • 315%
  • (281,000 / $89,000)
18Trustone Financial Fcu 15 73%6%
  • 135%
  • (191,000 / $141,000)
  • 444%
  • (231,000 / $52,000)
19Countrywide Home Loans 15 86%13%
  • 188%
  • (219,000 / $116,000)
  • 309%
  • (356,000 / $115,000)
20Bell America Mortgage Llc Dba 14 71%0%
  • 190%
  • (304,000 / $160,000)
0

Falcon Heights, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,477
  2. Loan Applications Denied: 187
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 1,025
  5. % of Loan Applications Originated 69

Falcon Heights, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio9
Credit history4
Credit application incomplete3
Unverifiable information2

Falcon Heights, 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 - $100,000248 6715
$100,000 - $300,0001,084 6911
$300,000 - $500,000138 6915
$500,000 - $1,000,0007 2842

Falcon Heights, 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 - $100,000844 6812
$100,000 - $300,000615 6912
$300,000 - $500,00017 6311
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Falcon Heights, 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%5764 19
30 - 60%8569 11
60 - 100%11674 8
100 - 200%44870 10
200 - 300%41768 11
300 - 400%20871 13
> 400%14656 23

Falcon Heights, 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 Dwelling1,435 6912
Not Owner-Occupied As A Principal Dwelling42 6911

Home Owner Property Type Statistics in Falcon Heights, 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)1,398 6912
One To Four-Family74 726
Manufactured Housing5 2060
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