Top Fern, MN Mortgage Lenders

RankFern Mortgage LenderFern Home Loans ProcessedFern Home Loans ApprovedFern Home Loans DeniedFern Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFern Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 317 63%9%
  • 153%
  • (127,000 Loan / $83,000 Income)
  • 191%
  • (130,000 Loan / $68,000 Income)
2Wells Fargo Bank 128 64%20%
  • 191%
  • (149,000 / $78,000)
  • 171%
  • (65,000 / $38,000)
3Bank Forward 45 71%4%
  • 250%
  • (50,000 / $20,000)
  • 180%
  • (90,000 / $50,000)
4Us Bank 29 89%6%
  • 192%
  • (150,000 / $78,000)
  • 595%
  • (125,000 / $21,000)
5Countrywide Bank Fsb 26 61%26%
  • 252%
  • (182,000 / $72,000)
  • 284%
  • (188,000 / $66,000)
6Mortgage Guaranty Insurance Co 20 85%5%
  • 241%
  • (162,000 / $67,000)
  • 113%
  • (113,000 / $100,000)
7Jpmorgan Chase Bank 20 55%40%
  • 323%
  • (110,000 / $34,000)
  • 263%
  • (50,000 / $19,000)
8Citimortgage 19 94%0%
  • 168%
  • (98,000 / $58,000)
0
9Countrywide Home Loans 17 70%23%
  • 284%
  • (145,000 / $51,000)
  • 182%
  • (106,000 / $58,000)
10Cmg Mortgage Insurance Co. 16 93%0%
  • 212%
  • (123,000 / $58,000)
0
11Beneficial Company Llc 14 14%85%
  • 36%
  • (31,000 / $86,000)
  • 142%
  • (130,000 / $91,000)
12Wells Fargo Fin'l Minnesota 13 15%53%
  • 274%
  • (148,000 / $54,000)
  • 169%
  • (105,000 / $62,000)
13Bank Of America 9 66%33%
  • 413%
  • (281,000 / $68,000)
  • 178%
  • (107,000 / $60,000)
14Gmac Mortgage Llc 8 0%37% 0
  • 230%
  • (120,000 / $52,000)
15Citifinancial Services Inc 8 50%37%
  • 285%
  • (97,000 / $34,000)
  • 24%
  • (25,000 / $103,000)
16Agstar Financial Services 8 37%37%
  • 156%
  • (80,000 / $51,000)
  • 241%
  • (145,000 / $60,000)
17Hiway Federal Credit Union 7 85%0%
  • 191%
  • (132,000 / $69,000)
0
18Suntrust Mortgage 6 83%0%
  • 243%
  • (195,000 / $80,000)
0
19Freedom Mortgage Corp. 6 66%33%
  • 243%
  • (190,000 / $78,000)
  • 409%
  • (340,000 / $83,000)
20First Nlc Financial Services, 6 0%0% 0 0

Fern, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 949
  2. Loan Applications Denied: 170
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 584
  5. % of Loan Applications Originated 61

Fern, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral9
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information2

Fern, 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 - $100,000371 5917
$100,000 - $300,000527 6317
$300,000 - $500,00049 5424
$500,000 - $1,000,0002 5050

Fern, 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 - $100,000795 5917
$100,000 - $300,000143 6719
$300,000 - $500,0009 7722
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Fern, 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%4553 26
30 - 60%7161 19
60 - 100%8369 12
100 - 200%28059 16
200 - 300%25864 17
300 - 400%12057 17
> 400%9253 23

Fern, 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 Dwelling866 6018
Not Owner-Occupied As A Principal Dwelling80 7513

Home Owner Property Type Statistics in Fern, 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)823 6018
Manufactured Housing74 5822
One To Four-Family52 885
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