Top Homer, MN Mortgage Lenders

RankHomer Mortgage LenderHomer Home Loans ProcessedHomer Home Loans ApprovedHomer Home Loans DeniedHomer Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHomer Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 276 57%21%
  • 179%
  • (241,000 Loan / $134,000 Income)
  • 163%
  • (150,000 Loan / $92,000 Income)
2Merchants Bank 208 79%6%
  • 215%
  • (209,000 / $97,000)
  • 240%
  • (125,000 / $52,000)
3Altra Federal Credit Union 207 78%7%
  • 164%
  • (138,000 / $84,000)
  • 139%
  • (46,000 / $33,000)
4Affinity Plus Federal Credit U 133 58%7%
  • 91%
  • (73,000 / $80,000)
  • 322%
  • (87,000 / $27,000)
5Home Federal Savings Bank 100 70%13%
  • 162%
  • (132,000 / $81,000)
  • 230%
  • (92,000 / $40,000)
6United Guaranty Corporation 87 86%1%
  • 253%
  • (162,000 / $64,000)
  • 239%
  • (206,000 / $86,000)
7Eastwood Bank 82 81%6%
  • 190%
  • (118,000 / $62,000)
  • 236%
  • (149,000 / $63,000)
8Genworth Mortgage Insurance Co 59 88%0%
  • 255%
  • (87,000 / $34,000)
0
9Associated Bank 37 43%21%
  • 183%
  • (163,000 / $89,000)
  • 85%
  • (18,000 / $21,000)
10Mortgage Guaranty Insurance Co 31 83%9%
  • 271%
  • (87,000 / $32,000)
  • 262%
  • (84,000 / $32,000)
11Beneficial Company Llc 24 12%87%
  • 250%
  • (105,000 / $42,000)
  • 187%
  • (120,000 / $64,000)
12Marine Credit Union 19 84%5%
  • 194%
  • (183,000 / $94,000)
  • 155%
  • (87,000 / $56,000)
13Citifinancial Services Inc 19 10%73%
  • 335%
  • (94,000 / $28,000)
  • 272%
  • (98,000 / $36,000)
14Republic Mortgage Insurance Co 16 87%0%
  • 258%
  • (124,000 / $48,000)
0
15Cmg Mortgage Insurance Co. 16 87%6%
  • 192%
  • (162,000 / $84,000)
  • 162%
  • (122,000 / $75,000)
16Citimortgage 14 92%0%
  • 237%
  • (76,000 / $32,000)
0
17Countrywide Bank Fsb 13 61%30%
  • 195%
  • (80,000 / $41,000)
  • 345%
  • (128,000 / $37,000)
18Citibank 13 76%15%
  • 134%
  • (55,000 / $41,000)
  • 206%
  • (60,000 / $29,000)
19Agstar Financial Services 13 61%7%
  • 239%
  • (175,000 / $73,000)
  • 208%
  • (200,000 / $96,000)
20Quicken Loans 12 41%50%
  • 221%
  • (162,000 / $73,000)
  • 490%
  • (157,000 / $32,000)

Homer, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,751
  2. Loan Applications Denied: 265
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,153
  5. % of Loan Applications Originated 65

Homer, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio6
Credit history6
Collateral5
Credit application incomplete1
Mortgage insurance denied0

Homer, 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 - $100,000813 6416
$100,000 - $300,000863 6612
$300,000 - $500,00071 5126
$500,000 - $1,000,0004 5025

Homer, 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 - $100,0001,488 6416
$100,000 - $300,000255 738
$300,000 - $500,0004 500
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in Homer, 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%9260 16
30 - 60%13363 18
60 - 100%13364 14
100 - 200%47872 11
200 - 300%52867 12
300 - 400%23356 19
> 400%15455 25

Homer, 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 Dwelling1,666 6515
Not Owner-Occupied As A Principal Dwelling77 6411
Not Applicable3 1000

Home Owner Property Type Statistics in Homer, 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)1,502 6316
One To Four-Family221 852
Manufactured Housing28 4242
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