Top Forest, MN Mortgage Lenders

RankForest Mortgage LenderForest Home Loans ProcessedForest Home Loans ApprovedForest Home Loans DeniedForest Mortgage Median Loan to Income Ratio (LTR) for Approved LoansForest Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 968 61%15%
  • 235%
  • (92,000 Loan / $39,000 Income)
  • 255%
  • (276,000 Loan / $108,000 Income)
2Jpmorgan Chase Bank 194 81%14%
  • 273%
  • (252,000 / $92,000)
  • 252%
  • (358,000 / $142,000)
3Frandsen Bank & Trust 174 82%9%
  • 215%
  • (170,000 / $79,000)
  • 247%
  • (176,000 / $71,000)
4Citimortgage 147 78%10%
  • 312%
  • (247,000 / $79,000)
  • 283%
  • (204,000 / $72,000)
5Affinity Plus Federal Credit U 137 67%6%
  • 148%
  • (114,000 / $77,000)
  • 380%
  • (95,000 / $25,000)
6Countrywide Bank Fsb 130 70%18%
  • 257%
  • (144,000 / $56,000)
  • 365%
  • (417,000 / $114,000)
7Wells Fargo Funding 113 99%0%
  • 266%
  • (379,000 / $142,000)
  • 228%
  • (174,000 / $76,000)
8Citibank 113 76%9%
  • 213%
  • (190,000 / $89,000)
  • 109%
  • (48,000 / $44,000)
9Us Bank 111 72%14%
  • 232%
  • (156,000 / $67,000)
  • 385%
  • (416,000 / $108,000)
10Agstar Financial Services 102 55%11%
  • 281%
  • (242,000 / $86,000)
  • 312%
  • (200,000 / $64,000)
11Countrywide Home Loans 85 80%16%
  • 307%
  • (166,000 / $54,000)
  • 350%
  • (350,000 / $100,000)
12Community Security Bank 85 82%5%
  • 234%
  • (253,000 / $108,000)
  • 287%
  • (69,000 / $24,000)
13Mortgage Guaranty Insurance Co 76 67%10%
  • 291%
  • (140,000 / $48,000)
  • 382%
  • (260,000 / $68,000)
14Dhi Mortgage Company Limited 71 78%8%
  • 263%
  • (158,000 / $60,000)
  • 345%
  • (207,000 / $60,000)
15Bank Of America 70 64%20%
  • 313%
  • (213,000 / $68,000)
  • 253%
  • (231,000 / $91,000)
16Community Resource Bank 68 75%10%
  • 212%
  • (229,000 / $108,000)
  • 179%
  • (120,000 / $67,000)
17Genworth Mortgage Insurance Co 63 69%0%
  • 335%
  • (178,000 / $53,000)
0
18Wells Fargo Fin'l Minnesota 54 5%59%
  • 227%
  • (141,000 / $62,000)
  • 207%
  • (212,000 / $102,000)
19Hfc Company Llc 50 8%76%
  • 83%
  • (65,000 / $78,000)
  • 271%
  • (285,000 / $105,000)
20Beneficial Company Llc 49 2%87%
  • 50%
  • (45,000 / $90,000)
  • 263%
  • (50,000 / $19,000)

Forest, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,740
  2. Loan Applications Denied: 824
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 3,029
  5. % of Loan Applications Originated 63

Forest, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio9
Credit history8
Credit application incomplete3
Unverifiable information2

Forest, 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 - $100,000902 6120
$100,000 - $300,0003,211 6515
$300,000 - $500,000573 5422
$500,000 - $1,000,00053 3530
$1,000,000 - $1,500,0001 00

Forest, 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 - $100,0003,512 6218
$100,000 - $300,0001,154 6415
$300,000 - $500,00040 5720
$500,000 - $1,000,00029 716
$1,000,000 - $1,500,0003 330
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Forest, 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%16862 20
30 - 60%26863 20
60 - 100%28363 14
100 - 200%97166 15
200 - 300%1,28965 16
300 - 400%98565 15
> 400%77653 23

Forest, 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 Dwelling4,481 6317
Not Owner-Occupied As A Principal Dwelling227 6616
Not Applicable15 4633

Home Owner Property Type Statistics in Forest, 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)4,394 6318
One To Four-Family306 752
Manufactured Housing40 4247
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