Top Garden City, MN Mortgage Lenders

RankGarden City Mortgage LenderGarden City Home Loans ProcessedGarden City Home Loans ApprovedGarden City Home Loans DeniedGarden City Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGarden City Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 817 66%13%
  • 223%
  • (250,000 Loan / $112,000 Income)
  • 195%
  • (336,000 Loan / $172,000 Income)
2Affinity Plus Federal Credit U 128 67%9%
  • 127%
  • (197,000 / $154,000)
  • 193%
  • (95,000 / $49,000)
3Wells Federal Bank 114 71%12%
  • 186%
  • (194,000 / $104,000)
  • 208%
  • (50,000 / $24,000)
4Agstar Financial Services 100 60%8%
  • 240%
  • (149,000 / $62,000)
  • 327%
  • (157,000 / $48,000)
5Community Bank Mankato 84 95%2%
  • 187%
  • (103,000 / $55,000)
  • 349%
  • (185,000 / $53,000)
6Us Bank 78 83%6%
  • 162%
  • (104,000 / $64,000)
  • 200%
  • (80,000 / $40,000)
7Mortgage Guaranty Insurance Co 74 75%5%
  • 245%
  • (59,000 / $24,000)
  • 316%
  • (98,000 / $31,000)
8Tcf National Bank 64 59%31%
  • 180%
  • (135,000 / $75,000)
  • 273%
  • (115,000 / $42,000)
9Genworth Mortgage Insurance Co 63 63%0%
  • 282%
  • (110,000 / $39,000)
0
10Wells Fargo Fin'l Minnesota 62 30%46%
  • 212%
  • (115,000 / $54,000)
  • 246%
  • (160,000 / $65,000)
11Minnstar Bank N.A. 62 80%16%
  • 78%
  • (75,000 / $96,000)
  • 223%
  • (38,000 / $17,000)
12Countrywide Bank Fsb 61 75%11%
  • 235%
  • (219,000 / $93,000)
  • 263%
  • (195,000 / $74,000)
13Citimortgage 52 86%3%
  • 231%
  • (248,000 / $107,000)
  • 666%
  • (60,000 / $9,000)
14Jpmorgan Chase Bank 48 83%14%
  • 291%
  • (175,000 / $60,000)
  • 166%
  • (83,000 / $50,000)
15First Financial Bank 37 75%8%
  • 129%
  • (75,000 / $58,000)
  • 347%
  • (80,000 / $23,000)
16Countrywide Home Loans 32 84%9%
  • 154%
  • (111,000 / $72,000)
  • 192%
  • (98,000 / $51,000)
17Us Bk Na Nd 31 61%29%
  • 170%
  • (201,000 / $118,000)
  • 168%
  • (86,000 / $51,000)
18Citifinancial Services Inc 31 19%35%
  • 137%
  • (37,000 / $27,000)
  • 114%
  • (16,000 / $14,000)
19Phh Mortgage Corporation 30 90%0%
  • 169%
  • (154,000 / $91,000)
0
20Beneficial Company Llc 30 3%86%
  • 205%
  • (82,000 / $40,000)
  • 273%
  • (197,000 / $72,000)

Garden City, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,940
  2. Loan Applications Denied: 478
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,932
  5. % of Loan Applications Originated 65

Garden City, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history9
Debt-to-income ratio7
Mortgage insurance denied0
Unverifiable information0

Garden City, 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 - $100,0001,055 6319
$100,000 - $300,0001,736 6614
$300,000 - $500,000139 6116
$500,000 - $1,000,00010 7020

Garden City, 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 - $100,0002,468 6317
$100,000 - $300,000440 7010
$300,000 - $500,00016 6212
$500,000 - $1,000,00014 710
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Garden City, 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%13461 13
30 - 60%14655 18
60 - 100%24370 15
100 - 200%80867 16
200 - 300%89466 13
300 - 400%46464 19
> 400%25155 23

Garden City, 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 Dwelling2,839 6516
Not Owner-Occupied As A Principal Dwelling94 6819
Not Applicable2 1000

Home Owner Property Type Statistics in Garden City, 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)2,635 6517
One To Four-Family250 773
Manufactured Housing55 3640
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