Top Hancock, MN Mortgage Lenders

RankHancock Mortgage LenderHancock Home Loans ProcessedHancock Home Loans ApprovedHancock Home Loans DeniedHancock Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHancock Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,117 63%15%
  • 202%
  • (73,000 Loan / $36,000 Income)
  • 172%
  • (155,000 Loan / $90,000 Income)
2Affinity Plus Federal Credit U 399 68%6%
  • 142%
  • (158,000 / $111,000)
  • 247%
  • (171,000 / $69,000)
3Jpmorgan Chase Bank 343 80%14%
  • 219%
  • (90,000 / $41,000)
  • 200%
  • (120,000 / $60,000)
4Citimortgage 255 80%8%
  • 202%
  • (73,000 / $36,000)
  • 273%
  • (123,000 / $45,000)
5Countrywide Bank Fsb 239 71%18%
  • 236%
  • (170,000 / $72,000)
  • 261%
  • (89,000 / $34,000)
6Beneficial Company Llc 190 8%74%
  • 201%
  • (121,000 / $60,000)
  • 205%
  • (115,000 / $56,000)
7Mortgage Guaranty Insurance Co 171 78%7%
  • 220%
  • (75,000 / $34,000)
  • 236%
  • (154,000 / $65,000)
8Bank Of America 156 76%14%
  • 226%
  • (145,000 / $64,000)
  • 219%
  • (114,000 / $52,000)
9Us Bank 148 75%14%
  • 205%
  • (140,000 / $68,000)
  • 233%
  • (140,000 / $60,000)
10Riverwood Bank 147 75%7%
  • 153%
  • (200,000 / $130,000)
  • 89%
  • (25,000 / $28,000)
11Countrywide Home Loans 146 77%16%
  • 185%
  • (145,000 / $78,000)
  • 247%
  • (136,000 / $55,000)
12Genworth Mortgage Insurance Co 145 64%4%
  • 212%
  • (68,000 / $32,000)
  • 276%
  • (58,000 / $21,000)
13Us Bank North Dakota 134 35%44%
  • 112%
  • (84,000 / $75,000)
  • 143%
  • (93,000 / $65,000)
14Phh Mortgage Corporation 120 87%2%
  • 209%
  • (178,000 / $85,000)
  • 386%
  • (170,000 / $44,000)
15Embrace Home Loans, 110 11%43%
  • 117%
  • (33,000 / $28,000)
  • 285%
  • (80,000 / $28,000)
16Citifinancial Services Inc 101 32%41%
  • 172%
  • (38,000 / $22,000)
  • 137%
  • (40,000 / $29,000)
17United Guaranty Corporation 100 77%6%
  • 220%
  • (203,000 / $92,000)
  • 236%
  • (59,000 / $25,000)
18Wells Fargo Funding 95 98%0%
  • 227%
  • (150,000 / $66,000)
0
19Agstar Financial Services 91 63%8%
  • 205%
  • (249,000 / $121,000)
  • 243%
  • (100,000 / $41,000)
20Wells Fargo Fin'l Minnesota 83 16%50%
  • 178%
  • (68,000 / $38,000)
  • 218%
  • (168,000 / $77,000)

Hancock, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,838
  2. Loan Applications Denied: 1,460
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 5,008
  5. % of Loan Applications Originated 63

Hancock, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Hancock, 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 - $100,0003,329 6221
$100,000 - $300,0004,185 6516
$300,000 - $500,000297 5222
$500,000 - $1,000,00025 5236
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Hancock, 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 - $100,0006,630 6219
$100,000 - $300,0001,123 6813
$300,000 - $500,00052 6315
$500,000 - $1,000,00025 4832
$1,000,000 - $1,500,0007 7128
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Hancock, 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%31863 21
30 - 60%48159 22
60 - 100%70964 20
100 - 200%2,40966 16
200 - 300%2,14764 16
300 - 400%1,12561 17
> 400%64950 30

Hancock, 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 Dwelling7,265 6318
Not Owner-Occupied As A Principal Dwelling523 6817
Not Applicable14 1442

Home Owner Property Type Statistics in Hancock, 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)7,003 6319
One To Four-Family621 764
Manufactured Housing214 5228
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