Top Farming, MN Mortgage Lenders

RankFarming Mortgage LenderFarming Home Loans ProcessedFarming Home Loans ApprovedFarming Home Loans DeniedFarming Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFarming Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 702 75%10%
  • 205%
  • (115,000 Loan / $56,000 Income)
  • 225%
  • (230,000 Loan / $102,000 Income)
2Liberty Savings Bank Fsb 445 93%2%
  • 235%
  • (233,000 / $99,000)
  • 179%
  • (95,000 / $53,000)
3Central Minnesota Cu 327 70%6%
  • 120%
  • (41,000 / $34,000)
  • 306%
  • (95,000 / $31,000)
4Central Mn Cu 286 66%10%
  • 193%
  • (64,000 / $33,000)
  • 238%
  • (186,000 / $78,000)
5Jpmorgan Chase Bank 240 86%10%
  • 258%
  • (129,000 / $50,000)
  • 259%
  • (122,000 / $47,000)
6State Bank Of Richmond 189 76%12%
  • 193%
  • (64,000 / $33,000)
  • 220%
  • (55,000 / $25,000)
7Us Bank 186 77%13%
  • 215%
  • (112,000 / $52,000)
  • 244%
  • (120,000 / $49,000)
8Stearns Bank Na 155 78%9%
  • 209%
  • (172,000 / $82,000)
  • 235%
  • (132,000 / $56,000)
9Bank Of America 152 79%14%
  • 226%
  • (113,000 / $50,000)
  • 383%
  • (119,000 / $31,000)
10Citimortgage 143 80%7%
  • 243%
  • (190,000 / $78,000)
  • 312%
  • (194,000 / $62,000)
11Bremer Bank Na (St Cloud) 142 80%2%
  • 181%
  • (111,000 / $61,000)
  • 200%
  • (150,000 / $75,000)
12Avon State Bank 129 75%21%
  • 163%
  • (80,000 / $49,000)
  • 216%
  • (160,000 / $74,000)
13First Natl Bank Of Cold Spring 103 64%15%
  • 218%
  • (94,000 / $43,000)
  • 202%
  • (190,000 / $94,000)
14Phh Mortgage Corporation 97 84%2%
  • 230%
  • (212,000 / $92,000)
  • 372%
  • (82,000 / $22,000)
15Wells Fargo Funding 88 96%3%
  • 238%
  • (167,000 / $70,000)
  • 162%
  • (130,000 / $80,000)
16Countrywide Bank Fsb 83 80%8%
  • 231%
  • (95,000 / $41,000)
  • 323%
  • (168,000 / $52,000)
17Citibank 75 64%21%
  • 118%
  • (245,000 / $207,000)
  • 151%
  • (79,000 / $52,000)
18Bankvista 73 87%10%
  • 215%
  • (244,000 / $113,000)
  • 445%
  • (107,000 / $24,000)
19Mortgage Guaranty Insurance Co 72 84%6%
  • 247%
  • (94,000 / $38,000)
  • 227%
  • (123,000 / $54,000)
20Affinity Plus Federal Credit U 69 71%1%
  • 136%
  • (78,000 / $57,000)
  • 650%
  • (195,000 / $30,000)

Farming, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,548
  2. Loan Applications Denied: 722
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 4,006
  5. % of Loan Applications Originated 72

Farming, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio11
Credit history10
Credit application incomplete2
Unverifiable information1

Farming, 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 - $100,0001,438 7113
$100,000 - $300,0003,816 7212
$300,000 - $500,000266 6716
$500,000 - $1,000,00028 3546

Farming, 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 - $100,0004,332 7113
$100,000 - $300,0001,117 759
$300,000 - $500,00063 6714
$500,000 - $1,000,00027 843
$1,000,000 - $1,500,0004 7525
$1,500,000 - $2,000,0001 00
> $2,000,0004 7525

Loan to Income Ratios Research for Mortgage in Farming, 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%21473 13
30 - 60%27576 10
60 - 100%45674 10
100 - 200%1,48874 10
200 - 300%1,70373 10
300 - 400%83869 13
> 400%57456 28

Farming, 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 Dwelling5,009 7213
Not Owner-Occupied As A Principal Dwelling516 7211
Not Applicable4 1000

Home Owner Property Type Statistics in Farming, 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)5,211 7113
One To Four-Family247 814
Manufactured Housing90 6614
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