Top Jay, MN Mortgage Lenders

RankJay Mortgage LenderJay Home Loans ProcessedJay Home Loans ApprovedJay Home Loans DeniedJay Mortgage Median Loan to Income Ratio (LTR) for Approved LoansJay Mortgage Median LTR for Denied Loans
1Agstar Financial Services 83 68%3%
  • 160%
  • (317,000 Loan / $198,000 Income)
  • 180%
  • (130,000 Loan / $72,000 Income)
2Wells Fargo Bank 71 63%22%
  • 140%
  • (77,000 / $55,000)
  • 156%
  • (86,000 / $55,000)
3Wells Federal Bank 44 59%13%
  • 101%
  • (171,000 / $168,000)
  • 413%
  • (153,000 / $37,000)
4First Farmers & Merchants Natl 42 80%14%
  • 123%
  • (42,000 / $34,000)
  • 147%
  • (34,000 / $23,000)
5Us Bank North Dakota 20 50%30%
  • 100%
  • (75,000 / $75,000)
  • 77%
  • (58,000 / $75,000)
6Us Bk Na Nd 18 38%55%
  • 121%
  • (40,000 / $33,000)
  • 139%
  • (180,000 / $129,000)
7Jpmorgan Chase Bank 17 100%0%
  • 161%
  • (102,000 / $63,000)
0
8Countrywide Bank Fsb 16 62%25%
  • 342%
  • (137,000 / $40,000)
  • 320%
  • (144,000 / $45,000)
9Iowa Bankers Mortgage Corporat 15 66%26%
  • 135%
  • (84,000 / $62,000)
  • 300%
  • (45,000 / $15,000)
10Embrace Home Loans, 14 0%21% 0
  • 203%
  • (134,000 / $66,000)
11Citimortgage 12 83%0%
  • 122%
  • (43,000 / $35,000)
0
12Citifinancial Services Inc 12 16%50%
  • 186%
  • (43,000 / $23,000)
  • 71%
  • (28,000 / $39,000)
13Bank Of America 12 91%8%
  • 311%
  • (140,000 / $45,000)
  • 243%
  • (78,000 / $32,000)
14Republic Mortgage Insurance Co 11 45%18%
  • 163%
  • (126,000 / $77,000)
  • 349%
  • (185,000 / $53,000)
15Nycb Mortgage Company Llc 11 81%18%
  • 168%
  • (184,000 / $109,000)
  • 221%
  • (184,000 / $83,000)
16Beneficial Company Llc 11 9%81%
  • 8%
  • (7,000 / $78,000)
  • 78%
  • (30,000 / $38,000)
17Wells Fargo Fin'l Minnesota 9 33%55%
  • 124%
  • (101,000 / $81,000)
  • 167%
  • (62,000 / $37,000)
18Genworth Mortgage Insurance Co 9 66%0%
  • 217%
  • (76,000 / $35,000)
0
19Citibank 9 66%11%
  • 113%
  • (50,000 / $44,000)
  • 52%
  • (10,000 / $19,000)
20Us Bank 8 37%37%
  • 309%
  • (102,000 / $33,000)
  • 136%
  • (161,000 / $118,000)

Jay, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 619
  2. Loan Applications Denied: 125
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 375
  5. % of Loan Applications Originated 60

Jay, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Collateral12
Debt-to-income ratio8
Unverifiable information2
Employment history0

Jay, 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 - $100,000353 5423
$100,000 - $300,000258 6715
$300,000 - $500,0008 870

Jay, 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 - $100,000526 5622
$100,000 - $300,00087 779
$300,000 - $500,0005 6020
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Jay, 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%4271 11
30 - 60%4651 28
60 - 100%7659 18
100 - 200%24062 19
200 - 300%13059 22
300 - 400%6063 18
> 400%2540 24

Jay, 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 Dwelling604 6020
Not Owner-Occupied As A Principal Dwelling14 647

Home Owner Property Type Statistics in Jay, 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)573 6020
One To Four-Family42 6611
Manufactured Housing4 7525
More Jay, MN Mortgage Research: