Top Hobart, MN Mortgage Lenders

RankHobart Mortgage LenderHobart Home Loans ProcessedHobart Home Loans ApprovedHobart Home Loans DeniedHobart Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHobart Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 596 72%10%
  • 180%
  • (150,000 Loan / $83,000 Income)
  • 242%
  • (335,000 Loan / $138,000 Income)
2State Bank & Trust 456 77%12%
  • 106%
  • (182,000 / $171,000)
  • 209%
  • (132,000 / $63,000)
3Bremer Bank Na (Fargo) 237 77%4%
  • 119%
  • (31,000 / $26,000)
  • 172%
  • (81,000 / $47,000)
4Citimortgage 140 85%5%
  • 178%
  • (417,000 / $233,000)
  • 425%
  • (132,000 / $31,000)
5Us Bank 129 75%13%
  • 204%
  • (272,000 / $133,000)
  • 269%
  • (116,000 / $43,000)
6Jpmorgan Chase Bank 114 82%14%
  • 265%
  • (319,000 / $120,000)
  • 222%
  • (256,000 / $115,000)
7Gate City Bank 99 83%1%
  • 120%
  • (100,000 / $83,000)
  • 964%
  • (270,000 / $28,000)
8Phh Mortgage Corporation 79 93%1%
  • 201%
  • (175,000 / $87,000)
  • 175%
  • (241,000 / $137,000)
9Midwest Bank 70 94%4%
  • 153%
  • (180,000 / $117,000)
  • 184%
  • (129,000 / $70,000)
10Countrywide Bank Fsb 58 75%20%
  • 259%
  • (348,000 / $134,000)
  • 283%
  • (176,000 / $62,000)
11Citibank 51 56%21%
  • 188%
  • (147,000 / $78,000)
  • 92%
  • (35,000 / $38,000)
12Bank Of America 46 63%21%
  • 192%
  • (110,000 / $57,000)
  • 327%
  • (193,000 / $59,000)
13Cornerstone Bank 39 84%0%
  • 135%
  • (141,000 / $104,000)
0
14Wells Fargo Funding 35 100%0%
  • 206%
  • (62,000 / $30,000)
0
15Countrywide Home Loans 33 81%15%
  • 241%
  • (104,000 / $43,000)
  • 141%
  • (1,050,000 / $744,000)
16First International Bank & Tru 32 84%9%
  • 158%
  • (146,000 / $92,000)
  • 217%
  • (200,000 / $92,000)
17Affinity Plus Federal Credit U 32 68%0%
  • 248%
  • (206,000 / $83,000)
0
18Mortgage Guaranty Insurance Co 31 70%3%
  • 246%
  • (205,000 / $83,000)
  • 325%
  • (290,000 / $89,000)
19Us Bank North Dakota 30 30%50%
  • 174%
  • (350,000 / $201,000)
  • 267%
  • (75,000 / $28,000)
20American Federal Bank 30 96%0%
  • 137%
  • (368,000 / $268,000)
0

Hobart, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,280
  2. Loan Applications Denied: 410
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 2,396
  5. % of Loan Applications Originated 73

Hobart, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history11
Debt-to-income ratio10
Credit application incomplete4
Unverifiable information3

Hobart, 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 - $100,000812 7014
$100,000 - $300,0001,981 7311
$300,000 - $500,000450 7410
$500,000 - $1,000,00029 5824
$1,000,000 - $1,500,0008 3750

Hobart, 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 - $100,0001,949 6814
$100,000 - $300,0001,104 788
$300,000 - $500,000130 853
$500,000 - $1,000,00084 7017
$1,000,000 - $1,500,0006 820
$1,500,000 - $2,000,0003 990
> $2,000,0004 1000

Loan to Income Ratios Research for Mortgage in Hobart, 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%14773 13
30 - 60%27480 8
60 - 100%42879 8
100 - 200%94275 11
200 - 300%71070 12
300 - 400%43568 13
> 400%34458 21

Hobart, 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 Dwelling2,092 6814
Not Owner-Occupied As A Principal Dwelling1,153 808
Not Applicable6 8316

Home Owner Property Type Statistics in Hobart, 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)3,071 7312
Manufactured Housing106 5027
One To Four-Family103 713
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