Top Folsom, MN Mortgage Lenders

RankFolsom Mortgage LenderFolsom Home Loans ProcessedFolsom Home Loans ApprovedFolsom Home Loans DeniedFolsom Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFolsom Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 35 48%34%
  • 207%
  • (172,000 Loan / $83,000 Income)
  • 173%
  • (120,000 Loan / $69,000 Income)
2Bank Of The West 15 66%26%
  • 187%
  • (101,000 / $54,000)
  • 179%
  • (185,000 / $103,000)
3Quicken Loans 6 83%16%
  • 268%
  • (263,000 / $98,000)
  • 261%
  • (256,000 / $98,000)
4First Hawaiian Bank 6 100%0%
  • 52%
  • (13,000 / $25,000)
0
5Riverwood Bank 5 80%0%
  • 33%
  • (12,000 / $36,000)
0
6Great Western Bank 5 60%0%
  • 124%
  • (92,000 / $74,000)
0
7Countrywide Bank Fsb 5 60%0% 0 0
8Us Bk Na Nd 4 50%50%
  • 80%
  • (90,000 / $112,000)
  • 78%
  • (40,000 / $51,000)
9Us Bank 4 50%50%
  • 256%
  • (136,000 / $53,000)
  • 326%
  • (150,000 / $46,000)
10Plains Commerce Bank 4 100%0%
  • 194%
  • (198,000 / $102,000)
0
11Dacotah Bank 4 75%25%
  • 180%
  • (144,000 / $80,000)
  • 44%
  • (24,000 / $54,000)
12Citifinancial Services Inc 4 25%75%
  • 109%
  • (34,000 / $31,000)
  • 66%
  • (20,000 / $30,000)
13Mortgage Guaranty Insurance Co 3 66%0%
  • 136%
  • (52,000 / $38,000)
0
14Genworth Mortgage Insurance Co 3 100%0%
  • 199%
  • (211,000 / $106,000)
0
15Citimortgage 3 100%0% 0 0
16Us Bank North Dakota 2 50%0%
  • 184%
  • (59,000 / $32,000)
0
17Suntrust Mortgage 2 100%0% 0 0
18Hfc Company Llc 2 100%0%
  • 162%
  • (47,000 / $29,000)
0
19Citi Residential Lending 2 0%100% 0
  • 162%
  • (57,000 / $35,000)
20Bell America Mortgage Llc Dba 2 100%0%
  • 234%
  • (68,000 / $29,000)
0

Folsom, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 151
  2. Loan Applications Denied: 31
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 96
  5. % of Loan Applications Originated 63

Folsom, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral25
Credit history14
Debt-to-income ratio9

Folsom, 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 - $100,00073 6423
$100,000 - $300,00078 6217

Folsom, 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 - $100,000116 6320
$100,000 - $300,00034 6020
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Folsom, 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%1275 16
30 - 60%1266 25
60 - 100%2249 31
100 - 200%5572 16
200 - 300%2572 20
300 - 400%1643 25
> 400%933 11

Folsom, 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 Dwelling126 6121
Not Owner-Occupied As A Principal Dwelling22 7218

Home Owner Property Type Statistics in Folsom, 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)141 6321
One To Four-Family8 870
Manufactured Housing2 050
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