Top Forest Prairie, MN Mortgage Lenders

RankForest Prairie Mortgage LenderForest Prairie Home Loans ProcessedForest Prairie Home Loans ApprovedForest Prairie Home Loans DeniedForest Prairie Mortgage Median Loan to Income Ratio (LTR) for Approved LoansForest Prairie Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 804 69%13%
  • 208%
  • (117,000 Loan / $56,000 Income)
  • 196%
  • (98,000 Loan / $50,000 Income)
2Center National Bank 153 86%8%
  • 190%
  • (122,000 / $64,000)
  • 247%
  • (210,000 / $85,000)
3Jpmorgan Chase Bank 130 78%20%
  • 188%
  • (194,000 / $103,000)
  • 198%
  • (99,000 / $50,000)
4Countrywide Bank Fsb 86 73%16%
  • 217%
  • (304,000 / $140,000)
  • 273%
  • (172,000 / $63,000)
5Citimortgage 85 80%7%
  • 303%
  • (182,000 / $60,000)
  • 285%
  • (257,000 / $90,000)
6Us Bank 76 73%17%
  • 249%
  • (222,000 / $89,000)
  • 220%
  • (77,000 / $35,000)
7Cornerstone Mortgage Company 66 83%4%
  • 298%
  • (167,000 / $56,000)
  • 287%
  • (190,000 / $66,000)
8Beneficial Company Llc 65 4%72%
  • 254%
  • (173,000 / $68,000)
  • 302%
  • (130,000 / $43,000)
9Phh Mortgage Corporation 59 84%1%
  • 223%
  • (105,000 / $47,000)
  • 217%
  • (402,000 / $185,000)
10Citibank 59 72%16%
  • 201%
  • (228,000 / $113,000)
  • 90%
  • (149,000 / $165,000)
11Countrywide Home Loans 58 72%20%
  • 256%
  • (118,000 / $46,000)
  • 200%
  • (90,000 / $45,000)
12Wells Fargo Funding 54 96%1%
  • 194%
  • (97,000 / $50,000)
  • 463%
  • (417,000 / $90,000)
13Midcountry Bank 53 58%26%
  • 130%
  • (200,000 / $153,000)
  • 272%
  • (90,000 / $33,000)
14Mortgage Guaranty Insurance Co 50 68%10%
  • 276%
  • (144,000 / $52,000)
  • 198%
  • (222,000 / $112,000)
15Bank Of America 46 73%10%
  • 232%
  • (186,000 / $80,000)
  • 313%
  • (166,000 / $53,000)
16Kleinbank 44 70%20%
  • 212%
  • (138,000 / $65,000)
  • 282%
  • (127,000 / $45,000)
17Novationcreditunion 38 84%2%
  • 54%
  • (50,000 / $92,000)
  • 57%
  • (55,000 / $96,000)
18State Bank Of Kimball 36 80%8%
  • 84%
  • (86,000 / $102,000)
  • 266%
  • (168,000 / $63,000)
19State Bank Of Cokato 35 94%5%
  • 200%
  • (106,000 / $53,000)
  • 375%
  • (124,000 / $33,000)
20Wells Fargo Fin'l Minnesota 32 15%43%
  • 247%
  • (114,000 / $46,000)
  • 313%
  • (160,000 / $51,000)

Forest Prairie, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,365
  2. Loan Applications Denied: 590
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 2,206
  5. % of Loan Applications Originated 65

Forest Prairie, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio10
Credit history10
Credit application incomplete4
Unverifiable information2

Forest Prairie, 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 - $100,0001,019 6019
$100,000 - $300,0002,111 6616
$300,000 - $500,000227 6613
$500,000 - $1,000,0008 8712

Forest Prairie, 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 - $100,0002,667 6318
$100,000 - $300,000650 7013
$300,000 - $500,00034 758
$500,000 - $1,000,00012 6616
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Forest Prairie, 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%13059 22
30 - 60%19061 18
60 - 100%28368 14
100 - 200%87569 14
200 - 300%84869 15
300 - 400%62662 19
> 400%41353 26

Forest Prairie, 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 Dwelling3,079 6418
Not Owner-Occupied As A Principal Dwelling262 777
Not Applicable7 2842

Home Owner Property Type Statistics in Forest Prairie, 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)3,103 6518
One To Four-Family170 744
Manufactured Housing92 5920
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