Top Homestead, MN Mortgage Lenders

RankHomestead Mortgage LenderHomestead Home Loans ProcessedHomestead Home Loans ApprovedHomestead Home Loans DeniedHomestead Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHomestead Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 609 71%11%
  • 189%
  • (224,000 Loan / $118,000 Income)
  • 261%
  • (199,000 Loan / $76,000 Income)
2Bremer Bank Na (Fargo) 423 78%5%
  • 149%
  • (139,000 / $93,000)
  • 95%
  • (20,000 / $21,000)
3Jpmorgan Chase Bank 271 86%11%
  • 258%
  • (150,000 / $58,000)
  • 263%
  • (187,000 / $71,000)
4Phh Mortgage Corporation 243 95%0%
  • 200%
  • (104,000 / $52,000)
  • 541%
  • (184,000 / $34,000)
5State Bank & Trust 242 76%11%
  • 115%
  • (74,000 / $64,000)
  • 237%
  • (416,000 / $175,000)
6Citimortgage 185 81%8%
  • 204%
  • (253,000 / $124,000)
  • 311%
  • (184,000 / $59,000)
7Us Bank 171 78%13%
  • 235%
  • (247,000 / $105,000)
  • 283%
  • (150,000 / $53,000)
8Countrywide Bank Fsb 86 77%17%
  • 264%
  • (143,000 / $54,000)
  • 281%
  • (121,000 / $43,000)
9Bank Of America 71 77%12%
  • 196%
  • (100,000 / $51,000)
  • 266%
  • (32,000 / $12,000)
10Mortgage Guaranty Insurance Co 61 67%9%
  • 253%
  • (137,000 / $54,000)
  • 325%
  • (290,000 / $89,000)
11Genworth Mortgage Insurance Co 59 67%1%
  • 258%
  • (230,000 / $89,000)
  • 267%
  • (230,000 / $86,000)
12Citibank 59 69%18%
  • 133%
  • (71,000 / $53,000)
  • 76%
  • (67,000 / $88,000)
13Gate City Bank 58 74%5%
  • 125%
  • (125,000 / $100,000)
  • 338%
  • (200,000 / $59,000)
14Franklin American Mortgage Co 56 64%19%
  • 195%
  • (127,000 / $65,000)
  • 283%
  • (136,000 / $48,000)
15Midwest Bank 52 94%5%
  • 176%
  • (97,000 / $55,000)
  • 16%
  • (5,000 / $31,000)
16Countrywide Home Loans 48 85%12%
  • 150%
  • (228,000 / $151,000)
  • 141%
  • (1,050,000 / $744,000)
17Wells Fargo Funding 46 97%0%
  • 167%
  • (127,000 / $76,000)
0
18Embrace Home Loans, 46 10%45%
  • 268%
  • (134,000 / $50,000)
  • 268%
  • (177,000 / $66,000)
19Affinity Plus Federal Credit U 45 55%8%
  • 132%
  • (105,000 / $79,000)
  • 230%
  • (145,000 / $63,000)
20Central Mn Cu 38 44%31%
  • 168%
  • (108,000 / $64,000)
  • 211%
  • (112,000 / $53,000)

Homestead, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,115
  2. Loan Applications Denied: 572
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,882
  5. % of Loan Applications Originated 70

Homestead, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio8
Credit history8
Unverifiable information3
Credit application incomplete3

Homestead, 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 - $100,0001,302 6816
$100,000 - $300,0002,536 6912
$300,000 - $500,000257 7111
$500,000 - $1,000,00014 3528
$1,000,000 - $1,500,0006 3350

Homestead, 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 - $100,0003,127 6615
$100,000 - $300,000849 788
$300,000 - $500,00076 745
$500,000 - $1,000,00057 7112
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0003 990
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Homestead, 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%15068 18
30 - 60%24172 12
60 - 100%41077 10
100 - 200%1,18673 11
200 - 300%1,05470 13
300 - 400%66765 15
> 400%40755 21

Homestead, 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 Dwelling3,292 6715
Not Owner-Occupied As A Principal Dwelling801 798
Not Applicable3 3366

Home Owner Property Type Statistics in Homestead, 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)3,793 7014
One To Four-Family232 684
Manufactured Housing90 5127
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