Top Hector, MN Mortgage Lenders

RankHector Mortgage LenderHector Home Loans ProcessedHector Home Loans ApprovedHector Home Loans DeniedHector Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHector Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 708 62%18%
  • 166%
  • (180,000 Loan / $108,000 Income)
  • 164%
  • (107,000 Loan / $65,000 Income)
2Jpmorgan Chase Bank 153 79%13%
  • 227%
  • (164,000 / $72,000)
  • 172%
  • (107,000 / $62,000)
3Countrywide Bank Fsb 148 72%19%
  • 195%
  • (45,000 / $23,000)
  • 224%
  • (74,000 / $33,000)
4First State Bank Of Wabasha 140 98%0%
  • 120%
  • (128,000 / $106,000)
  • 348%
  • (195,000 / $56,000)
5Citimortgage 138 78%13%
  • 159%
  • (78,000 / $49,000)
  • 256%
  • (131,000 / $51,000)
6Genworth Mortgage Insurance Co 109 55%0%
  • 211%
  • (148,000 / $70,000)
0
7Beneficial Company Llc 98 6%81%
  • 234%
  • (61,000 / $26,000)
  • 207%
  • (110,000 / $53,000)
8Countrywide Home Loans 92 76%14%
  • 229%
  • (124,000 / $54,000)
  • 221%
  • (73,000 / $33,000)
9Agstar Financial Services 86 63%9%
  • 170%
  • (99,000 / $58,000)
  • 313%
  • (257,000 / $82,000)
10Mortgage Guaranty Insurance Co 78 66%8%
  • 204%
  • (100,000 / $49,000)
  • 235%
  • (158,000 / $67,000)
11Bank Of America 78 71%15%
  • 197%
  • (79,000 / $40,000)
  • 155%
  • (59,000 / $38,000)
12Us Bank 77 76%11%
  • 213%
  • (403,000 / $189,000)
  • 182%
  • (51,000 / $28,000)
13Wells Federal Bank 73 53%28%
  • 202%
  • (71,000 / $35,000)
  • 194%
  • (70,000 / $36,000)
14Affinity Plus Federal Credit U 72 62%6%
  • 116%
  • (100,000 / $86,000)
  • 252%
  • (134,000 / $53,000)
15Citifinancial Services Inc 70 34%42%
  • 142%
  • (40,000 / $28,000)
  • 144%
  • (101,000 / $70,000)
16Embrace Home Loans, 66 7%51%
  • 236%
  • (149,000 / $63,000)
  • 233%
  • (63,000 / $27,000)
17Wells Fargo Fin'l Minnesota 51 23%37%
  • 219%
  • (134,000 / $61,000)
  • 181%
  • (40,000 / $22,000)
18Us Bank North Dakota 51 33%47%
  • 125%
  • (34,000 / $27,000)
  • 200%
  • (126,000 / $63,000)
19United Guaranty Corporation 46 78%0%
  • 247%
  • (146,000 / $59,000)
0
20Radian Guaranty 43 79%4%
  • 187%
  • (163,000 / $87,000)
  • 293%
  • (132,000 / $45,000)

Hector, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,345
  2. Loan Applications Denied: 889
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,677
  5. % of Loan Applications Originated 61

Hector, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Collateral10
Debt-to-income ratio7
Unverifiable information1
Credit application incomplete1

Hector, 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 - $100,0002,197 6021
$100,000 - $300,0002,016 6119
$300,000 - $500,000116 5817
$500,000 - $1,000,0009 5544
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0005 2060
> $2,000,0001 1000

Hector, 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 - $100,0003,715 5921
$100,000 - $300,000575 7311
$300,000 - $500,00040 7912
$500,000 - $1,000,0009 3322
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0003 6633
> $2,000,0002 500

Loan to Income Ratios Research for Mortgage in Hector, 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%21368 16
30 - 60%28459 23
60 - 100%46365 18
100 - 200%1,40564 18
200 - 300%1,08560 18
300 - 400%54257 23
> 400%35347 32

Hector, 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 Dwelling3,912 6021
Not Owner-Occupied As A Principal Dwelling392 7313
Not Applicable9 770

Home Owner Property Type Statistics in Hector, 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)3,849 6121
One To Four-Family364 703
Manufactured Housing132 5329
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