Top Hamlin, MN Mortgage Lenders

RankHamlin Mortgage LenderHamlin Home Loans ProcessedHamlin Home Loans ApprovedHamlin Home Loans DeniedHamlin Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHamlin Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 62 66%14%
  • 165%
  • (63,000 Loan / $38,000 Income)
  • 134%
  • (94,000 Loan / $70,000 Income)
2Kleinbank 59 72%20%
  • 107%
  • (30,000 / $28,000)
  • 229%
  • (55,000 / $24,000)
3Jpmorgan Chase Bank 21 71%14%
  • 161%
  • (50,000 / $31,000)
  • 56%
  • (60,000 / $107,000)
4Hfc Company Llc 18 22%72%
  • 160%
  • (80,000 / $50,000)
  • 151%
  • (85,000 / $56,000)
5Us Bank 13 61%30%
  • 156%
  • (108,000 / $69,000)
  • 148%
  • (98,000 / $66,000)
6Bank Of America 13 69%30%
  • 120%
  • (180,000 / $150,000)
  • 112%
  • (84,000 / $75,000)
7Beneficial Company Llc 12 0%100% 0
  • 158%
  • (135,000 / $85,000)
8Minnwest Mortgage Corporation 11 54%9%
  • 117%
  • (55,000 / $47,000)
  • 115%
  • (46,000 / $40,000)
9Embrace Home Loans, 11 18%27%
  • 372%
  • (108,000 / $29,000)
  • 165%
  • (86,000 / $52,000)
10Wells Fargo Funding 9 100%0% 0 0
11Wells Fargo Fin'l Minnesota 9 33%22%
  • 155%
  • (90,000 / $58,000)
  • 191%
  • (46,000 / $24,000)
12Washington Mutual Bank 8 62%37%
  • 236%
  • (52,000 / $22,000)
  • 124%
  • (31,000 / $25,000)
13Nationstar Mortgage Llc 7 14%42%
  • 160%
  • (77,000 / $48,000)
  • 181%
  • (118,000 / $65,000)
14National Bank Of Coxsackie 7 100%0%
  • 57%
  • (80,000 / $138,000)
0
15Countrywide Bank Fsb 7 71%28%
  • 281%
  • (152,000 / $54,000)
  • 227%
  • (50,000 / $22,000)
16Citifinancial Services Inc 7 28%42%
  • 186%
  • (69,000 / $37,000)
  • 132%
  • (98,000 / $74,000)
17C.U. Mortgage Services, 7 100%0%
  • 227%
  • (155,000 / $68,000)
0
18Gmac Mortgage Llc 6 0%33% 0
  • 235%
  • (66,000 / $28,000)
19Citimortgage 6 66%16%
  • 202%
  • (73,000 / $36,000)
  • 179%
  • (86,000 / $48,000)
20Usaa Federal Savings Bank 5 60%20%
  • 145%
  • (70,000 / $48,000)
  • 39%
  • (18,000 / $46,000)

Hamlin, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 408
  2. Loan Applications Denied: 103
  3. % of Loan Applications Denied: 25
  4. # of Loan Originations: 238
  5. % of Loan Applications Originated 58

Hamlin, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral40
Credit history17
Debt-to-income ratio12
Credit application incomplete10
Unverifiable information3

Hamlin, 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 - $100,000270 5228
$100,000 - $300,000136 6819
$300,000 - $500,0002 5050

Hamlin, 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 - $100,000351 5526
$100,000 - $300,00054 7316
$300,000 - $500,0003 660

Loan to Income Ratios Research for Mortgage in Hamlin, 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%1855 16
30 - 60%3460 17
60 - 100%5151 25
100 - 200%16255 32
200 - 300%9564 16
300 - 400%3261 18
> 400%1649 37

Hamlin, 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 Dwelling392 5726
Not Owner-Occupied As A Principal Dwelling16 816

Home Owner Property Type Statistics in Hamlin, 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)405 5825
Manufactured Housing3 330
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