Top Inver Grove Heights, MN Mortgage Lenders

RankInver Grove Heights Mortgage LenderInver Grove Heights Home Loans ProcessedInver Grove Heights Home Loans ApprovedInver Grove Heights Home Loans DeniedInver Grove Heights Mortgage Median Loan to Income Ratio (LTR) for Approved LoansInver Grove Heights Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 3,117 69%12%
  • 203%
  • (189,000 Loan / $93,000 Income)
  • 211%
  • (264,000 Loan / $125,000 Income)
2Jpmorgan Chase Bank 748 87%10%
  • 215%
  • (349,000 / $162,000)
  • 224%
  • (119,000 / $53,000)
3Us Bank 736 77%11%
  • 227%
  • (200,000 / $88,000)
  • 209%
  • (218,000 / $104,000)
4Citimortgage 465 81%6%
  • 216%
  • (134,000 / $62,000)
  • 256%
  • (190,000 / $74,000)
5Bank Of America 421 77%11%
  • 231%
  • (248,000 / $107,000)
  • 272%
  • (240,000 / $88,000)
6Tcf National Bank 413 23%38%
  • 216%
  • (375,000 / $173,000)
  • 298%
  • (510,000 / $171,000)
7Bremer Bank Na (Twin Cities) 327 72%7%
  • 168%
  • (195,000 / $116,000)
  • 148%
  • (80,000 / $54,000)
8Affinity Plus Federal Credit U 320 68%0%
  • 155%
  • (121,000 / $78,000)
  • 42%
  • (55,000 / $130,000)
9Wells Fargo Funding 307 98%0%
  • 206%
  • (161,000 / $78,000)
  • 353%
  • (99,000 / $28,000)
10Citibank 299 72%11%
  • 164%
  • (214,000 / $130,000)
  • 135%
  • (80,000 / $59,000)
11The Business Bank 297 94%4%
  • 255%
  • (51,000 / $20,000)
  • 283%
  • (173,000 / $61,000)
12Countrywide Bank Fsb 268 80%10%
  • 217%
  • (200,000 / $92,000)
  • 268%
  • (228,000 / $85,000)
13Countrywide Home Loans 182 87%7%
  • 222%
  • (147,000 / $66,000)
  • 245%
  • (250,000 / $102,000)
14Us Bk Na Nd 180 51%38%
  • 115%
  • (159,000 / $138,000)
  • 181%
  • (60,000 / $33,000)
15Phh Home Loans 174 86%3%
  • 259%
  • (257,000 / $99,000)
  • 305%
  • (159,000 / $52,000)
16United Guaranty Corporation 155 79%4%
  • 251%
  • (342,000 / $136,000)
  • 254%
  • (112,000 / $44,000)
17Hiway Federal Credit Union 150 77%7%
  • 118%
  • (150,000 / $127,000)
  • 191%
  • (226,000 / $118,000)
18Provident Funding Associates 144 70%15%
  • 277%
  • (50,000 / $18,000)
  • 361%
  • (170,000 / $47,000)
19C.U. Mortgage Services, 142 53%9%
  • 216%
  • (143,000 / $66,000)
  • 302%
  • (118,000 / $39,000)
20Mortgage Guaranty Insurance Co 141 75%6%
  • 288%
  • (144,000 / $50,000)
  • 305%
  • (162,000 / $53,000)

Inver Grove Heights, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 15,163
  2. Loan Applications Denied: 2,101
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 10,447
  5. % of Loan Applications Originated 68

Inver Grove Heights, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio10
Credit history9
Credit application incomplete4
Unverifiable information1

Inver Grove Heights, 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 - $100,0002,728 6418
$100,000 - $300,00010,115 6912
$300,000 - $500,0002,087 6813
$500,000 - $1,000,000203 5519
$1,000,000 - $1,500,00021 6119
$1,500,000 - $2,000,0008 5025
> $2,000,0001 1000

Inver Grove Heights, 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 - $100,0009,595 6516
$100,000 - $300,0005,224 739
$300,000 - $500,000234 6514
$500,000 - $1,000,00079 5511
$1,000,000 - $1,500,0009 3322
$1,500,000 - $2,000,00010 600
> $2,000,00012 748

Loan to Income Ratios Research for Mortgage in Inver Grove Heights, 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%51758 21
30 - 60%68765 16
60 - 100%1,03967 13
100 - 200%4,25073 10
200 - 300%4,50770 12
300 - 400%2,63268 13
> 400%1,53155 24

Inver Grove Heights, 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 Dwelling14,749 6913
Not Owner-Occupied As A Principal Dwelling399 5621
Not Applicable7 7114

Home Owner Property Type Statistics in Inver Grove Heights, 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)14,316 6813
One To Four-Family663 793
Manufactured Housing184 2361
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