Top Lancaster, MN Mortgage Lenders

RankLancaster Mortgage LenderLancaster Home Loans ProcessedLancaster Home Loans ApprovedLancaster Home Loans DeniedLancaster Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLancaster Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 842 64%16%
  • 180%
  • (72,000 Loan / $40,000 Income)
  • 154%
  • (65,000 Loan / $42,000 Income)
2Jpmorgan Chase Bank 206 84%10%
  • 240%
  • (168,000 / $70,000)
  • 172%
  • (107,000 / $62,000)
3Citimortgage 161 78%11%
  • 162%
  • (88,000 / $54,000)
  • 250%
  • (80,000 / $32,000)
4Countrywide Bank Fsb 148 72%19%
  • 195%
  • (45,000 / $23,000)
  • 224%
  • (74,000 / $33,000)
5First State Bank Of Wabasha 140 98%0%
  • 120%
  • (128,000 / $106,000)
  • 348%
  • (195,000 / $56,000)
6Us Bank 124 70%19%
  • 227%
  • (107,000 / $47,000)
  • 205%
  • (154,000 / $75,000)
7Genworth Mortgage Insurance Co 113 53%1%
  • 209%
  • (130,000 / $62,000)
  • 257%
  • (108,000 / $42,000)
8Bank Of America 99 68%19%
  • 211%
  • (72,000 / $34,000)
  • 179%
  • (237,000 / $132,000)
9Beneficial Company Llc 98 6%81%
  • 234%
  • (61,000 / $26,000)
  • 207%
  • (110,000 / $53,000)
10Countrywide Home Loans 92 76%14%
  • 229%
  • (124,000 / $54,000)
  • 221%
  • (73,000 / $33,000)
11Citibank 82 69%19%
  • 141%
  • (196,000 / $139,000)
  • 111%
  • (60,000 / $54,000)
12Mortgage Guaranty Insurance Co 79 65%10%
  • 204%
  • (100,000 / $49,000)
  • 235%
  • (158,000 / $67,000)
13Agstar Financial Services 78 56%8%
  • 192%
  • (123,000 / $64,000)
  • 312%
  • (125,000 / $40,000)
14Affinity Plus Federal Credit U 75 58%5%
  • 116%
  • (100,000 / $86,000)
  • 270%
  • (81,000 / $30,000)
15Citifinancial Services Inc 70 34%42%
  • 142%
  • (40,000 / $28,000)
  • 144%
  • (101,000 / $70,000)
16Embrace Home Loans, 63 9%52%
  • 236%
  • (149,000 / $63,000)
  • 233%
  • (63,000 / $27,000)
17Wells Fargo Funding 57 98%1%
  • 348%
  • (108,000 / $31,000)
  • 128%
  • (268,000 / $209,000)
18United Guaranty Corporation 56 76%1%
  • 232%
  • (221,000 / $95,000)
  • 229%
  • (108,000 / $47,000)
19Us Bank North Dakota 54 33%48%
  • 125%
  • (34,000 / $27,000)
  • 200%
  • (126,000 / $63,000)
20The Business Bank 54 85%12%
  • 246%
  • (64,000 / $26,000)
  • 271%
  • (171,000 / $63,000)

Lancaster, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,995
  2. Loan Applications Denied: 979
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,136
  5. % of Loan Applications Originated 62

Lancaster, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral11
Debt-to-income ratio7
Unverifiable information1
Credit application incomplete1

Lancaster, 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 - $100,0002,214 6022
$100,000 - $300,0002,588 6417
$300,000 - $500,000167 6316
$500,000 - $1,000,00017 4147
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0006 3350
> $2,000,0002 5050

Lancaster, 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 - $100,0004,159 6020
$100,000 - $300,000773 7113
$300,000 - $500,00044 7813
$500,000 - $1,000,00011 3618
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0003 6633
> $2,000,0004 5025

Loan to Income Ratios Research for Mortgage in Lancaster, 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%22366 19
30 - 60%29860 22
60 - 100%49863 20
100 - 200%1,56364 17
200 - 300%1,31663 18
300 - 400%66360 21
> 400%43452 26

Lancaster, 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 Dwelling4,532 6120
Not Owner-Occupied As A Principal Dwelling420 7314
Not Applicable8 750

Home Owner Property Type Statistics in Lancaster, 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)4,464 6220
One To Four-Family383 694
Manufactured Housing148 5033
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