Top Freedom, MN Mortgage Lenders

RankFreedom Mortgage LenderFreedom Home Loans ProcessedFreedom Home Loans ApprovedFreedom Home Loans DeniedFreedom Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFreedom Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 96 60%18%
  • 172%
  • (160,000 Loan / $93,000 Income)
  • 202%
  • (146,000 Loan / $72,000 Income)
2Roundbank 76 86%7%
  • 91%
  • (33,000 / $36,000)
  • 163%
  • (80,000 / $49,000)
3Jpmorgan Chase Bank 23 69%26%
  • 283%
  • (122,000 / $43,000)
  • 295%
  • (127,000 / $43,000)
4Wells Federal Bank 14 50%21%
  • 218%
  • (120,000 / $55,000)
  • 208%
  • (48,000 / $23,000)
5Countrywide Bank Fsb 12 91%0%
  • 326%
  • (62,000 / $19,000)
0
6Citimortgage 12 100%0%
  • 162%
  • (44,000 / $27,000)
0
7Beneficial Company Llc 12 8%83%
  • 201%
  • (121,000 / $60,000)
  • 208%
  • (125,000 / $60,000)
8Agstar Financial Services 12 58%0%
  • 253%
  • (223,000 / $88,000)
0
9Wells Fargo Fin'l Minnesota 11 18%72%
  • 448%
  • (166,000 / $37,000)
  • 231%
  • (134,000 / $58,000)
10Citibank 10 80%20%
  • 176%
  • (60,000 / $34,000)
  • 23%
  • (10,000 / $42,000)
11Hfc Company Llc 9 0%100% 0
  • 225%
  • (90,000 / $40,000)
12Genworth Mortgage Insurance Co 9 44%0%
  • 200%
  • (52,000 / $26,000)
0
13United Guaranty Corporation 8 87%0%
  • 248%
  • (72,000 / $29,000)
0
14Equifirst Corporation 8 0%25% 0
  • 735%
  • (125,000 / $17,000)
15Us Bank North Dakota 7 42%42%
  • 27%
  • (12,000 / $43,000)
  • 30%
  • (20,000 / $65,000)
16Mortgage Guaranty Insurance Co 6 83%0%
  • 185%
  • (91,000 / $49,000)
0
17Citifinancial Services Inc 6 33%50%
  • 273%
  • (63,000 / $23,000)
  • 117%
  • (47,000 / $40,000)
18Us Bank 5 60%0%
  • 260%
  • (86,000 / $33,000)
0
19Merchants Bank 5 100%0%
  • 130%
  • (258,000 / $198,000)
0
20Gmac Mortgage Llc 5 20%80%
  • 83%
  • (54,000 / $65,000)
  • 142%
  • (71,000 / $50,000)

Freedom, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 489
  2. Loan Applications Denied: 116
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 298
  5. % of Loan Applications Originated 60

Freedom, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Debt-to-income ratio10
Collateral9
Credit application incomplete2
Unverifiable information1

Freedom, 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 - $100,000239 6720
$100,000 - $300,000247 5426
$500,000 - $1,000,0003 660

Freedom, 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 - $100,000446 5924
$100,000 - $300,00039 7115
$300,000 - $500,0002 0100
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Freedom, 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%3275 18
30 - 60%3452 32
60 - 100%3669 16
100 - 200%14971 18
200 - 300%13656 26
300 - 400%6948 24
> 400%3336 39

Freedom, 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 Dwelling472 6123
Not Owner-Occupied As A Principal Dwelling16 5037

Home Owner Property Type Statistics in Freedom, 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)450 6025
One To Four-Family36 662
Manufactured Housing3 3333
More Freedom, MN Mortgage Research: