Top Frazee, MN Mortgage Lenders

RankFrazee Mortgage LenderFrazee Home Loans ProcessedFrazee Home Loans ApprovedFrazee Home Loans DeniedFrazee Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFrazee Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,053 60%17%
  • 205%
  • (70,000 Loan / $34,000 Income)
  • 172%
  • (117,000 Loan / $68,000 Income)
2Affinity Plus Federal Credit U 438 62%8%
  • 104%
  • (65,000 / $62,000)
  • 268%
  • (156,000 / $58,000)
3Citimortgage 213 79%6%
  • 256%
  • (100,000 / $39,000)
  • 218%
  • (109,000 / $50,000)
4Bremer Bank Na (Fargo) 208 78%7%
  • 131%
  • (25,000 / $19,000)
  • 137%
  • (92,000 / $67,000)
5Jpmorgan Chase Bank 203 82%13%
  • 227%
  • (107,000 / $47,000)
  • 287%
  • (138,000 / $48,000)
6Countrywide Bank Fsb 188 73%16%
  • 177%
  • (124,000 / $70,000)
  • 252%
  • (217,000 / $86,000)
7State Bank & Trust 142 78%11%
  • 130%
  • (142,000 / $109,000)
  • 294%
  • (227,000 / $77,000)
8Cornerstone Mortgage Company 142 89%0%
  • 271%
  • (114,000 / $42,000)
0
9Beneficial Company Llc 133 6%78%
  • 248%
  • (154,000 / $62,000)
  • 245%
  • (150,000 / $61,000)
10Us Bank 115 69%19%
  • 270%
  • (100,000 / $37,000)
  • 297%
  • (280,000 / $94,000)
11Bank Of America 114 78%13%
  • 224%
  • (130,000 / $58,000)
  • 280%
  • (84,000 / $30,000)
12Countrywide Home Loans 107 78%16%
  • 189%
  • (144,000 / $76,000)
  • 284%
  • (142,000 / $50,000)
13Mortgage Guaranty Insurance Co 101 74%10%
  • 245%
  • (145,000 / $59,000)
  • 289%
  • (133,000 / $46,000)
14Genworth Mortgage Insurance Co 93 60%5%
  • 243%
  • (156,000 / $64,000)
  • 285%
  • (183,000 / $64,000)
15Wells Fargo Fin'l Minnesota 74 22%48%
  • 165%
  • (185,000 / $112,000)
  • 219%
  • (101,000 / $46,000)
16Wells Fargo Funding 71 98%0%
  • 216%
  • (234,000 / $108,000)
0
17Embrace Home Loans, 70 7%44%
  • 195%
  • (94,000 / $48,000)
  • 226%
  • (59,000 / $26,000)
18United Guaranty Corporation 67 71%1%
  • 250%
  • (105,000 / $42,000)
  • 221%
  • (91,000 / $41,000)
19Hfc Company Llc 67 10%76%
  • 189%
  • (233,000 / $123,000)
  • 206%
  • (95,000 / $46,000)
20Frandsen Bank & Trust 67 88%5%
  • 176%
  • (120,000 / $68,000)
  • 164%
  • (128,000 / $78,000)

Frazee, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,344
  2. Loan Applications Denied: 1,142
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 3,970
  5. % of Loan Applications Originated 62

Frazee, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral10
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Frazee, 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 - $100,0002,609 6218
$100,000 - $300,0003,551 6117
$300,000 - $500,000175 5717
$500,000 - $1,000,0009 4444

Frazee, 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 - $100,0005,452 6118
$100,000 - $300,000827 6813
$300,000 - $500,00041 5719
$500,000 - $1,000,00018 4327
$1,000,000 - $1,500,0004 750
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Frazee, 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%33163 20
30 - 60%49462 21
60 - 100%53066 17
100 - 200%1,65366 14
200 - 300%1,73761 16
300 - 400%1,00660 18
> 400%59349 25

Frazee, 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 Dwelling5,858 6118
Not Owner-Occupied As A Principal Dwelling451 7014
Not Applicable11 450

Home Owner Property Type Statistics in Frazee, 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)5,757 6218
One To Four-Family404 734
Manufactured Housing183 4627
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