Top Hastings, MN Mortgage Lenders

RankHastings Mortgage LenderHastings Home Loans ProcessedHastings Home Loans ApprovedHastings Home Loans DeniedHastings Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHastings Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,594 67%12%
  • 218%
  • (127,000 Loan / $58,000 Income)
  • 221%
  • (315,000 Loan / $142,000 Income)
2Us Bank 552 81%10%
  • 244%
  • (188,000 / $77,000)
  • 228%
  • (222,000 / $97,000)
3Jpmorgan Chase Bank 414 86%10%
  • 224%
  • (166,000 / $74,000)
  • 238%
  • (298,000 / $125,000)
4Vermillion State Bank 319 84%6%
  • 146%
  • (107,000 / $73,000)
  • 280%
  • (185,000 / $66,000)
5Citimortgage 318 84%3%
  • 208%
  • (188,000 / $90,000)
  • 262%
  • (276,000 / $105,000)
6Affinity Plus Federal Credit U 311 67%1%
  • 137%
  • (92,000 / $67,000)
  • 261%
  • (188,000 / $72,000)
7Countrywide Bank Fsb 281 76%11%
  • 251%
  • (88,000 / $35,000)
  • 287%
  • (207,000 / $72,000)
8Merchants Bank 277 77%11%
  • 217%
  • (137,000 / $63,000)
  • 336%
  • (195,000 / $58,000)
9Bank Of America 210 70%18%
  • 240%
  • (180,000 / $75,000)
  • 254%
  • (140,000 / $55,000)
10Wells Fargo Funding 203 98%1%
  • 210%
  • (82,000 / $39,000)
  • 441%
  • (340,000 / $77,000)
11Countrywide Home Loans 189 87%6%
  • 232%
  • (135,000 / $58,000)
  • 275%
  • (309,000 / $112,000)
12Citibank 178 74%10%
  • 173%
  • (295,000 / $170,000)
  • 142%
  • (369,000 / $259,000)
13Tcf National Bank 164 26%50%
  • 250%
  • (100,000 / $40,000)
  • 262%
  • (215,000 / $82,000)
14Bell America Mortgage Llc Dba 151 66%1%
  • 280%
  • (84,000 / $30,000)
  • 400%
  • (112,000 / $28,000)
15The Business Bank 140 94%4%
  • 253%
  • (175,000 / $69,000)
  • 353%
  • (283,000 / $80,000)
16Marketplace Home Mortgage Llc 119 86%4%
  • 245%
  • (223,000 / $91,000)
  • 376%
  • (222,000 / $59,000)
17Mortgage Guaranty Insurance Co 118 77%5%
  • 296%
  • (184,000 / $62,000)
  • 265%
  • (345,000 / $130,000)
18State Bank & Trust 110 79%7%
  • 243%
  • (173,000 / $71,000)
  • 348%
  • (115,000 / $33,000)
19United Guaranty Corporation 102 86%0%
  • 277%
  • (222,000 / $80,000)
  • 221%
  • (195,000 / $88,000)
20Radian Guaranty 86 91%0%
  • 275%
  • (325,000 / $118,000)
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Hastings, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 10,914
  2. Loan Applications Denied: 1,540
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 7,465
  5. % of Loan Applications Originated 68

Hastings, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio9
Credit history9
Credit application incomplete3
Unverifiable information1

Hastings, 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 - $100,0002,201 6616
$100,000 - $300,0007,395 6912
$300,000 - $500,0001,168 6515
$500,000 - $1,000,000136 4230
$1,000,000 - $1,500,00011 4518
$1,500,000 - $2,000,0003 660

Hastings, 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 - $100,0007,544 6714
$100,000 - $300,0003,187 6912
$300,000 - $500,000122 5617
$500,000 - $1,000,00047 4623
$1,000,000 - $1,500,0008 6225
$1,500,000 - $2,000,0003 6633
> $2,000,0003 990

Loan to Income Ratios Research for Mortgage in Hastings, 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%39962 22
30 - 60%51960 18
60 - 100%74666 13
100 - 200%2,72772 10
200 - 300%3,32469 12
300 - 400%2,03567 14
> 400%1,16459 21

Hastings, 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 Dwelling10,421 6814
Not Owner-Occupied As A Principal Dwelling476 6516
Not Applicable4 1000

Home Owner Property Type Statistics in Hastings, 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)10,213 6814
One To Four-Family541 801
Manufactured Housing160 2646
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