Top Hammond, MN Mortgage Lenders

RankHammond Mortgage LenderHammond Home Loans ProcessedHammond Home Loans ApprovedHammond Home Loans DeniedHammond Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHammond Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 567 61%19%
  • 191%
  • (109,000 Loan / $57,000 Income)
  • 132%
  • (121,000 Loan / $91,000 Income)
2Countrywide Bank Fsb 166 74%15%
  • 215%
  • (140,000 / $65,000)
  • 237%
  • (152,000 / $64,000)
3Roundbank 122 83%9%
  • 121%
  • (172,000 / $141,000)
  • 192%
  • (110,000 / $57,000)
4Jpmorgan Chase Bank 110 82%12%
  • 272%
  • (210,000 / $77,000)
  • 210%
  • (143,000 / $68,000)
5Think Mutual Bank 103 70%5%
  • 156%
  • (58,000 / $37,000)
  • 211%
  • (108,000 / $51,000)
6Genworth Mortgage Insurance Co 99 57%2%
  • 230%
  • (53,000 / $23,000)
  • 204%
  • (170,000 / $83,000)
7Citimortgage 98 72%10%
  • 178%
  • (57,000 / $32,000)
  • 212%
  • (210,000 / $99,000)
8Beneficial Company Llc 96 8%70%
  • 213%
  • (94,000 / $44,000)
  • 195%
  • (137,000 / $70,000)
9Agstar Financial Services 88 61%10%
  • 200%
  • (136,000 / $68,000)
  • 91%
  • (235,000 / $256,000)
10Countrywide Home Loans 81 80%17%
  • 221%
  • (73,000 / $33,000)
  • 173%
  • (120,000 / $69,000)
11Us Bank 80 71%20%
  • 162%
  • (117,000 / $72,000)
  • 217%
  • (200,000 / $92,000)
12Mortgage Guaranty Insurance Co 80 67%7%
  • 216%
  • (225,000 / $104,000)
  • 494%
  • (173,000 / $35,000)
13Bank Of America 73 76%17%
  • 281%
  • (180,000 / $64,000)
  • 250%
  • (120,000 / $48,000)
14Affinity Plus Federal Credit U 71 63%11%
  • 88%
  • (90,000 / $102,000)
  • 165%
  • (68,000 / $41,000)
15Citifinancial Services Inc 66 34%37%
  • 172%
  • (86,000 / $50,000)
  • 173%
  • (40,000 / $23,000)
16Embrace Home Loans, 63 6%49%
  • 256%
  • (113,000 / $44,000)
  • 168%
  • (145,000 / $86,000)
17Wells Fargo Fin'l Minnesota 54 25%48%
  • 179%
  • (115,000 / $64,000)
  • 235%
  • (158,000 / $67,000)
18Us Bank North Dakota 52 23%44%
  • 115%
  • (128,000 / $111,000)
  • 225%
  • (463,000 / $205,000)
19Trustone Financial Fcu 48 37%14%
  • 85%
  • (40,000 / $47,000)
  • 176%
  • (44,000 / $25,000)
20Gmac Mortgage Llc 47 6%48%
  • 245%
  • (196,000 / $80,000)
  • 270%
  • (157,000 / $58,000)

Hammond, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,993
  2. Loan Applications Denied: 801
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,437
  5. % of Loan Applications Originated 61

Hammond, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history10
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Hammond, 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 - $100,0001,748 6021
$100,000 - $300,0002,051 6019
$300,000 - $500,000179 5913
$500,000 - $1,000,00014 7114
$1,000,000 - $1,500,0001 1000

Hammond, 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 - $100,0003,328 5821
$100,000 - $300,000618 6911
$300,000 - $500,00027 7022
$500,000 - $1,000,00015 7213
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Hammond, 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%20760 25
30 - 60%27861 23
60 - 100%40858 20
100 - 200%1,18966 15
200 - 300%1,03260 18
300 - 400%50060 20
> 400%37945 32

Hammond, 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 Dwelling3,572 6020
Not Owner-Occupied As A Principal Dwelling394 6817
Not Applicable4 5025

Home Owner Property Type Statistics in Hammond, 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)3,540 6021
One To Four-Family322 704
Manufactured Housing131 5133
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