Top Granite Rock, MN Mortgage Lenders

RankGranite Rock Mortgage LenderGranite Rock Home Loans ProcessedGranite Rock Home Loans ApprovedGranite Rock Home Loans DeniedGranite Rock Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGranite Rock Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 31 54%22%
  • 160%
  • (69,000 Loan / $43,000 Income)
  • 58%
  • (41,000 Loan / $70,000 Income)
2Jpmorgan Chase Bank 21 90%9%
  • 128%
  • (96,000 / $75,000)
  • 322%
  • (100,000 / $31,000)
3Integrity Bank Plus 14 78%14%
  • 29%
  • (21,000 / $71,000)
  • 150%
  • (12,000 / $8,000)
4Minnwest Bank Mv 13 84%15%
  • 60%
  • (20,000 / $33,000)
  • 134%
  • (55,000 / $41,000)
5Genworth Mortgage Insurance Co 11 54%0%
  • 241%
  • (87,000 / $36,000)
0
6Wells Federal Bank 10 60%40%
  • 190%
  • (40,000 / $21,000)
  • 194%
  • (35,000 / $18,000)
7Mortgage Guaranty Insurance Co 10 60%0%
  • 200%
  • (66,000 / $33,000)
0
8Minnwest Mortgage Corporation 10 60%20%
  • 235%
  • (66,000 / $28,000)
  • 260%
  • (78,000 / $30,000)
9Citimortgage 9 100%0%
  • 250%
  • (60,000 / $24,000)
0
10Bremer Bank Na (Willmar) 8 75%0%
  • 248%
  • (191,000 / $77,000)
0
11Bank Of The West 8 62%25%
  • 142%
  • (84,000 / $59,000)
  • 225%
  • (70,000 / $31,000)
12Wells Fargo Fin'l Minnesota 7 0%42% 0
  • 211%
  • (89,000 / $42,000)
13Us Bank 7 42%28%
  • 216%
  • (52,000 / $24,000)
  • 289%
  • (223,000 / $77,000)
14Countrywide Bank Fsb 7 57%14%
  • 295%
  • (68,000 / $23,000)
  • 283%
  • (51,000 / $18,000)
15United Guaranty Corporation 6 66%0%
  • 274%
  • (217,000 / $79,000)
0
16First Suburban National Bank 5 40%40%
  • 80%
  • (37,000 / $46,000)
  • 309%
  • (130,000 / $42,000)
17Merchants Bank 4 100%0%
  • 202%
  • (136,000 / $67,000)
0
18Hometown Bank 4 75%25%
  • 112%
  • (122,000 / $108,000)
  • 462%
  • (250,000 / $54,000)
19Home Loan Investment Bank 4 0%25% 0
  • 109%
  • (35,000 / $32,000)
20Countrywide Home Loans 4 100%0%
  • 226%
  • (204,000 / $90,000)
0

Granite Rock, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 286
  2. Loan Applications Denied: 55
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 172
  5. % of Loan Applications Originated 60

Granite Rock, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral10
Debt-to-income ratio3
Unverifiable information1
Insufficient cash (downpayment, closing costs)1

Granite Rock, 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 - $100,000209 5620
$100,000 - $300,00077 6715

Granite Rock, 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 - $100,000254 6019
$100,000 - $300,00032 5215

Loan to Income Ratios Research for Mortgage in Granite Rock, 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%2152 19
30 - 60%3141 22
60 - 100%4152 21
100 - 200%9558 20
200 - 300%6072 15
300 - 400%3170 16
> 400%756 28

Granite Rock, 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 Dwelling275 6019
Not Owner-Occupied As A Principal Dwelling10 6010

Home Owner Property Type Statistics in Granite Rock, 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)251 6021
One To Four-Family31 640
Manufactured Housing4 250
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