Top Foreston, MN Mortgage Lenders

RankForeston Mortgage LenderForeston Home Loans ProcessedForeston Home Loans ApprovedForeston Home Loans DeniedForeston Mortgage Median Loan to Income Ratio (LTR) for Approved LoansForeston Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,558 63%17%
  • 200%
  • (106,000 Loan / $53,000 Income)
  • 165%
  • (99,000 Loan / $60,000 Income)
2Countrywide Bank Fsb 337 70%17%
  • 232%
  • (221,000 / $95,000)
  • 282%
  • (164,000 / $58,000)
3Citimortgage 303 74%8%
  • 233%
  • (208,000 / $89,000)
  • 243%
  • (124,000 / $51,000)
4Jpmorgan Chase Bank 293 75%22%
  • 230%
  • (53,000 / $23,000)
  • 242%
  • (109,000 / $45,000)
5Affinity Plus Federal Credit U 263 64%6%
  • 92%
  • (25,000 / $27,000)
  • 214%
  • (120,000 / $56,000)
6Beneficial Company Llc 229 5%77%
  • 165%
  • (71,000 / $43,000)
  • 235%
  • (125,000 / $53,000)
7Us Bank 208 76%13%
  • 240%
  • (108,000 / $45,000)
  • 272%
  • (237,000 / $87,000)
8Countrywide Home Loans 204 75%18%
  • 211%
  • (108,000 / $51,000)
  • 233%
  • (124,000 / $53,000)
9Genworth Mortgage Insurance Co 200 61%5%
  • 274%
  • (250,000 / $91,000)
  • 162%
  • (44,000 / $27,000)
10Mortgage Guaranty Insurance Co 196 73%7%
  • 256%
  • (64,000 / $25,000)
  • 291%
  • (262,000 / $90,000)
11Bank Of America 148 66%18%
  • 251%
  • (166,000 / $66,000)
  • 216%
  • (147,000 / $68,000)
12Wells Fargo Fin'l Minnesota 140 18%48%
  • 245%
  • (108,000 / $44,000)
  • 215%
  • (140,000 / $65,000)
13Members Cooperative Credit Uni 129 86%6%
  • 82%
  • (23,000 / $28,000)
  • 175%
  • (100,000 / $57,000)
14Agstar Financial Services 125 64%9%
  • 223%
  • (150,000 / $67,000)
  • 284%
  • (165,000 / $58,000)
15United Guaranty Corporation 122 77%4%
  • 256%
  • (154,000 / $60,000)
  • 343%
  • (151,000 / $44,000)
16Phh Mortgage Corporation 119 86%1%
  • 236%
  • (255,000 / $108,000)
  • 270%
  • (130,000 / $48,000)
17Us Bank North Dakota 108 36%37%
  • 111%
  • (150,000 / $135,000)
  • 242%
  • (68,000 / $28,000)
18Embrace Home Loans, 102 13%45%
  • 185%
  • (176,000 / $95,000)
  • 263%
  • (116,000 / $44,000)
19North Shore Bank Of Commerce 100 79%12%
  • 224%
  • (251,000 / $112,000)
  • 260%
  • (206,000 / $79,000)
20Citibank 99 75%19%
  • 85%
  • (29,000 / $34,000)
  • 69%
  • (25,000 / $36,000)

Foreston, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,983
  2. Loan Applications Denied: 1,796
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 5,533
  5. % of Loan Applications Originated 61

Foreston, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history9
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Foreston, 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 - $100,0003,296 6220
$100,000 - $300,0005,329 6119
$300,000 - $500,000339 5621
$500,000 - $1,000,00017 4035
$1,000,000 - $1,500,0001 1000
> $2,000,0001 0100

Foreston, 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 - $100,0007,681 5921
$100,000 - $300,0001,217 6812
$300,000 - $500,00055 7414
$500,000 - $1,000,00023 6913
$1,000,000 - $1,500,0004 750
> $2,000,0003 0100

Loan to Income Ratios Research for Mortgage in Foreston, 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%37260 25
30 - 60%53464 19
60 - 100%69561 18
100 - 200%2,35965 16
200 - 300%2,57161 19
300 - 400%1,48261 19
> 400%97048 30

Foreston, 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 Dwelling8,283 6020
Not Owner-Occupied As A Principal Dwelling615 7114
Not Applicable15 4013

Home Owner Property Type Statistics in Foreston, 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)7,881 6021
One To Four-Family806 724
Manufactured Housing296 5427
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