Top Hale, MN Mortgage Lenders

RankHale Mortgage LenderHale Home Loans ProcessedHale Home Loans ApprovedHale Home Loans DeniedHale Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHale Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 414 59%17%
  • 187%
  • (92,000 Loan / $49,000 Income)
  • 218%
  • (129,000 Loan / $59,000 Income)
2Jpmorgan Chase Bank 89 85%11%
  • 274%
  • (107,000 / $39,000)
  • 266%
  • (152,000 / $57,000)
3Citimortgage 51 82%7%
  • 241%
  • (82,000 / $34,000)
  • 380%
  • (213,000 / $56,000)
4Bank Of America 51 72%17%
  • 240%
  • (113,000 / $47,000)
  • 284%
  • (142,000 / $50,000)
5Beneficial Company Llc 49 2%85%
  • 355%
  • (142,000 / $40,000)
  • 319%
  • (150,000 / $47,000)
6Cornerstone Mortgage Company 42 80%4%
  • 233%
  • (124,000 / $53,000)
  • 284%
  • (148,000 / $52,000)
7Citibank 41 58%24%
  • 170%
  • (99,000 / $58,000)
  • 101%
  • (112,000 / $110,000)
8Us Bank 33 81%9%
  • 210%
  • (210,000 / $100,000)
  • 300%
  • (171,000 / $57,000)
9Countrywide Bank Fsb 32 78%15%
  • 210%
  • (185,000 / $88,000)
  • 260%
  • (297,000 / $114,000)
10Hfc Company Llc 29 10%65%
  • 321%
  • (164,000 / $51,000)
  • 225%
  • (108,000 / $48,000)
11Kleinbank 27 92%7%
  • 277%
  • (147,000 / $53,000)
  • 447%
  • (300,000 / $67,000)
12Bell America Mortgage Llc Dba 27 74%0%
  • 257%
  • (162,000 / $63,000)
0
13Novationcreditunion 26 65%11%
  • 78%
  • (65,000 / $83,000)
  • 93%
  • (15,000 / $16,000)
14Wells Fargo Funding 25 100%0% 0 0
15Agstar Financial Services 23 78%8%
  • 191%
  • (190,000 / $99,000)
  • 128%
  • (76,000 / $59,000)
16Phh Mortgage Corporation 19 63%10%
  • 172%
  • (114,000 / $66,000)
  • 226%
  • (208,000 / $92,000)
17The Business Bank 16 100%0%
  • 256%
  • (123,000 / $48,000)
0
18Tcf National Bank 16 56%37%
  • 282%
  • (144,000 / $51,000)
  • 428%
  • (150,000 / $35,000)
19Mortgage Services Iii, L.L.C. 16 68%12%
  • 278%
  • (92,000 / $33,000)
  • 229%
  • (117,000 / $51,000)
20Flagstar Bank 16 81%12%
  • 212%
  • (121,000 / $57,000)
  • 262%
  • (189,000 / $72,000)

Hale, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,638
  2. Loan Applications Denied: 332
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 996
  5. % of Loan Applications Originated 60

Hale, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral39
Credit history21
Debt-to-income ratio14
Credit application incomplete4
Unverifiable information3

Hale, 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 - $100,000498 6616
$100,000 - $300,0001,083 5822
$300,000 - $500,00052 4719
$500,000 - $1,000,0005 200

Hale, 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 - $100,0001,362 6119
$100,000 - $300,000268 5522
$300,000 - $500,0003 1000
$500,000 - $1,000,0002 050
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Hale, 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%6849 30
30 - 60%9362 21
60 - 100%11163 16
100 - 200%42466 16
200 - 300%50259 20
300 - 400%29260 20
> 400%14848 28

Hale, 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 Dwelling1,575 6020
Not Owner-Occupied As A Principal Dwelling63 6619

Home Owner Property Type Statistics in Hale, 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)1,626 6020
Manufactured Housing12 4116
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