Top Kennedy, MN Mortgage Lenders

RankKennedy Mortgage LenderKennedy Home Loans ProcessedKennedy Home Loans ApprovedKennedy Home Loans DeniedKennedy Mortgage Median Loan to Income Ratio (LTR) for Approved LoansKennedy Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 602 60%19%
  • 186%
  • (56,000 Loan / $30,000 Income)
  • 184%
  • (142,000 Loan / $77,000 Income)
2Jpmorgan Chase Bank 196 80%17%
  • 225%
  • (79,000 / $35,000)
  • 207%
  • (116,000 / $56,000)
3Agstar Financial Services 134 63%8%
  • 200%
  • (58,000 / $29,000)
  • 292%
  • (208,000 / $71,000)
4Genworth Mortgage Insurance Co 128 58%3%
  • 174%
  • (61,000 / $35,000)
  • 188%
  • (115,000 / $61,000)
5Us Bank 126 77%12%
  • 209%
  • (151,000 / $72,000)
  • 347%
  • (191,000 / $55,000)
6Citimortgage 115 83%6%
  • 230%
  • (182,000 / $79,000)
  • 212%
  • (66,000 / $31,000)
7Mortgage Guaranty Insurance Co 111 55%11%
  • 185%
  • (91,000 / $49,000)
  • 238%
  • (119,000 / $50,000)
8Countrywide Bank Fsb 103 70%21%
  • 243%
  • (175,000 / $72,000)
  • 256%
  • (113,000 / $44,000)
9Beneficial Company Llc 80 6%76%
  • 175%
  • (175,000 / $100,000)
  • 159%
  • (140,000 / $88,000)
10First State Bank Of Wabasha 67 95%2%
  • 181%
  • (125,000 / $69,000)
  • 602%
  • (253,000 / $42,000)
11Affinity Plus Federal Credit U 67 56%8%
  • 77%
  • (41,000 / $53,000)
  • 328%
  • (220,000 / $67,000)
12Bank Of America 66 74%13%
  • 164%
  • (84,000 / $51,000)
  • 278%
  • (256,000 / $92,000)
13American Federal Bank 65 72%18%
  • 75%
  • (25,000 / $33,000)
  • 112%
  • (115,000 / $102,000)
14Wells Fargo Fin'l Minnesota 63 17%57%
  • 229%
  • (108,000 / $47,000)
  • 164%
  • (23,000 / $14,000)
15Roundbank 61 83%9%
  • 78%
  • (32,000 / $41,000)
  • 163%
  • (80,000 / $49,000)
16Countrywide Home Loans 59 79%10%
  • 184%
  • (85,000 / $46,000)
  • 252%
  • (121,000 / $48,000)
17Kleinbank 57 80%10%
  • 220%
  • (33,000 / $15,000)
  • 293%
  • (176,000 / $60,000)
18United Guaranty Corporation 54 79%0%
  • 171%
  • (139,000 / $81,000)
0
19Citifinancial Services Inc 54 46%33%
  • 195%
  • (86,000 / $44,000)
  • 195%
  • (141,000 / $72,000)
20Hometown Bank 49 91%8%
  • 139%
  • (64,000 / $46,000)
  • 208%
  • (50,000 / $24,000)

Kennedy, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,338
  2. Loan Applications Denied: 880
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 2,670
  5. % of Loan Applications Originated 61

Kennedy, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history9
Collateral8
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Kennedy, 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 - $100,0002,012 6121
$100,000 - $300,0002,190 6118
$300,000 - $500,000124 5420
$500,000 - $1,000,00012 5816

Kennedy, 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 - $100,0003,725 5921
$100,000 - $300,000563 6913
$300,000 - $500,00030 5913
$500,000 - $1,000,00018 6133
$1,000,000 - $1,500,0001 0100
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Kennedy, 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%19960 25
30 - 60%29163 21
60 - 100%38865 16
100 - 200%1,37864 18
200 - 300%1,16562 17
300 - 400%57055 24
> 400%34747 29

Kennedy, 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 Dwelling4,083 6020
Not Owner-Occupied As A Principal Dwelling234 7314
Not Applicable4 1000

Home Owner Property Type Statistics in Kennedy, 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)3,813 6121
One To Four-Family418 655
Manufactured Housing107 5724
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