Top Friendship, MN Mortgage Lenders

RankFriendship Mortgage LenderFriendship Home Loans ProcessedFriendship Home Loans ApprovedFriendship Home Loans DeniedFriendship Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFriendship Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 165 69%12%
  • 157%
  • (93,000 Loan / $59,000 Income)
  • 221%
  • (126,000 Loan / $57,000 Income)
2Kleinbank 57 77%12%
  • 80%
  • (60,000 / $75,000)
  • 139%
  • (217,000 / $156,000)
3Bank Of America 43 76%9%
  • 160%
  • (169,000 / $105,000)
  • 92%
  • (51,000 / $55,000)
4Jpmorgan Chase Bank 42 90%7%
  • 193%
  • (112,000 / $58,000)
  • 124%
  • (62,000 / $50,000)
5Us Bank 25 84%16%
  • 154%
  • (187,000 / $121,000)
  • 248%
  • (122,000 / $49,000)
6C.U. Mortgage Services, 25 64%16%
  • 159%
  • (78,000 / $49,000)
  • 237%
  • (133,000 / $56,000)
7Embrace Home Loans, 23 8%60%
  • 206%
  • (62,000 / $30,000)
  • 203%
  • (61,000 / $30,000)
8Minnwest Mortgage Corporation 22 77%18%
  • 153%
  • (40,000 / $26,000)
  • 250%
  • (85,000 / $34,000)
9Countrywide Bank Fsb 20 80%10%
  • 128%
  • (96,000 / $75,000)
  • 239%
  • (206,000 / $86,000)
10Citimortgage 20 75%10%
  • 125%
  • (78,000 / $62,000)
  • 122%
  • (60,000 / $49,000)
11Wells Fargo Funding 18 94%5% 0
  • 296%
  • (86,000 / $29,000)
12Genworth Mortgage Insurance Co 16 81%0%
  • 190%
  • (97,000 / $51,000)
0
13Bank Of The West 16 81%18%
  • 87%
  • (43,000 / $49,000)
  • 85%
  • (110,000 / $128,000)
14United Guaranty Corporation 14 85%0%
  • 240%
  • (53,000 / $22,000)
0
15Mortgage Guaranty Insurance Co 14 50%14%
  • 196%
  • (65,000 / $33,000)
  • 347%
  • (146,000 / $42,000)
16Beneficial Company Llc 14 7%71%
  • 107%
  • (107,000 / $100,000)
  • 196%
  • (104,000 / $53,000)
17Quicken Loans 13 69%30%
  • 196%
  • (98,000 / $50,000)
  • 282%
  • (116,000 / $41,000)
18National City Bank 12 100%0%
  • 203%
  • (59,000 / $29,000)
0
19Mortgage Services Iii, L.L.C. 12 83%16%
  • 182%
  • (53,000 / $29,000)
  • 166%
  • (93,000 / $56,000)
20Minnwest Bank Mv 12 50%25%
  • 100%
  • (72,000 / $72,000)
  • 27%
  • (10,000 / $36,000)

Friendship, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 932
  2. Loan Applications Denied: 176
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 604
  5. % of Loan Applications Originated 64

Friendship, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history6
Debt-to-income ratio4
Credit application incomplete2
Unverifiable information1

Friendship, 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 - $100,000552 6318
$100,000 - $300,000365 6618
$300,000 - $500,00014 5735
$1,000,000 - $1,500,0001 1000

Friendship, 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 - $100,000789 6319
$100,000 - $300,000135 7014
$300,000 - $500,0004 7525
$500,000 - $1,000,0004 2575

Loan to Income Ratios Research for Mortgage in Friendship, 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%4454 22
30 - 60%5755 14
60 - 100%13565 15
100 - 200%37068 16
200 - 300%21058 23
300 - 400%8678 17
> 400%3032 40

Friendship, 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 Dwelling902 6518
Not Owner-Occupied As A Principal Dwelling29 5537

Home Owner Property Type Statistics in Friendship, 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)852 6319
One To Four-Family72 804
Manufactured Housing8 2537
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