Top Hersey, MN Mortgage Lenders

RankHersey Mortgage LenderHersey Home Loans ProcessedHersey Home Loans ApprovedHersey Home Loans DeniedHersey Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHersey Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 43 65%13%
  • 148%
  • (70,000 Loan / $47,000 Income)
  • 161%
  • (87,000 Loan / $54,000 Income)
2Genworth Mortgage Insurance Co 18 55%0%
  • 202%
  • (85,000 / $42,000)
0
3Countrywide Bank Fsb 17 82%11%
  • 201%
  • (364,000 / $181,000)
  • 162%
  • (88,000 / $54,000)
4Agstar Financial Services 15 53%0%
  • 107%
  • (69,000 / $64,000)
0
5Bank Of The West 12 75%8%
  • 188%
  • (47,000 / $25,000)
  • 413%
  • (95,000 / $23,000)
6Mortgage Guaranty Insurance Co 11 81%9%
  • 208%
  • (198,000 / $95,000)
  • 378%
  • (193,000 / $51,000)
7Embrace Home Loans, 11 18%27%
  • 363%
  • (120,000 / $33,000)
  • 129%
  • (40,000 / $31,000)
8United Prairie Bank 9 66%22%
  • 225%
  • (72,000 / $32,000)
  • 307%
  • (80,000 / $26,000)
9Citimortgage 8 75%0% 0 0
10Citifinancial Services Inc 8 50%50%
  • 177%
  • (48,000 / $27,000)
  • 217%
  • (85,000 / $39,000)
11Beneficial Company Llc 8 0%62% 0
  • 186%
  • (95,000 / $51,000)
12Merchants Bank 7 100%0%
  • 120%
  • (96,000 / $80,000)
0
13First National Bank 7 85%14%
  • 165%
  • (63,000 / $38,000)
  • 87%
  • (14,000 / $16,000)
14Countrywide Home Loans 7 85%0% 0 0
15Jpmorgan Chase Bank 6 83%16%
  • 90%
  • (70,000 / $77,000)
  • 85%
  • (41,000 / $48,000)
16Rolling Hills Bank & Trust 5 100%0%
  • 34%
  • (48,000 / $138,000)
0
17Quicken Loans 5 100%0%
  • 165%
  • (81,000 / $49,000)
0
18Hfc Company Llc 5 0%80% 0
  • 175%
  • (35,000 / $20,000)
19First Suburban National Bank 5 40%20%
  • 153%
  • (95,000 / $62,000)
  • 187%
  • (15,000 / $8,000)
20United Guaranty Corporation 4 75%0%
  • 139%
  • (67,000 / $48,000)
0

Hersey, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 282
  2. Loan Applications Denied: 48
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 176
  5. % of Loan Applications Originated 62

Hersey, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history8
Debt-to-income ratio3
Collateral3
Unverifiable information1
Employment history0

Hersey, 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 - $100,000190 5722
$100,000 - $300,00086 706
$300,000 - $500,0006 660

Hersey, 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 - $100,000248 5918
$100,000 - $300,00028 817
$300,000 - $500,0003 330
$500,000 - $1,000,0001 00
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Hersey, 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%1668 18
30 - 60%1464 14
60 - 100%3363 18
100 - 200%12166 16
200 - 300%6658 15
300 - 400%1833 27
> 400%1464 14

Hersey, 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 Dwelling273 6117
Not Owner-Occupied As A Principal Dwelling7 1000

Home Owner Property Type Statistics in Hersey, 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)236 6219
One To Four-Family45 644
Manufactured Housing1 0100
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