Top Lexington, MN Mortgage Lenders

RankLexington Mortgage LenderLexington Home Loans ProcessedLexington Home Loans ApprovedLexington Home Loans DeniedLexington Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLexington Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 713 69%14%
  • 212%
  • (174,000 Loan / $82,000 Income)
  • 185%
  • (417,000 Loan / $225,000 Income)
2Us Bank 217 74%12%
  • 246%
  • (96,000 / $39,000)
  • 241%
  • (417,000 / $173,000)
3Jpmorgan Chase Bank 155 89%9%
  • 205%
  • (164,000 / $80,000)
  • 142%
  • (120,000 / $84,000)
4Citimortgage 138 78%7%
  • 175%
  • (158,000 / $90,000)
  • 360%
  • (202,000 / $56,000)
5Tcf National Bank 116 35%33%
  • 183%
  • (123,000 / $67,000)
  • 229%
  • (154,000 / $67,000)
6Bank Of America 101 78%11%
  • 244%
  • (748,000 / $306,000)
  • 273%
  • (230,000 / $84,000)
7Countrywide Bank Fsb 92 77%14%
  • 236%
  • (156,000 / $66,000)
  • 333%
  • (197,000 / $59,000)
8Citibank 80 57%22%
  • 153%
  • (144,000 / $94,000)
  • 141%
  • (51,000 / $36,000)
9Affinity Plus Federal Credit U 71 64%4%
  • 192%
  • (216,000 / $112,000)
  • 246%
  • (222,000 / $90,000)
10Wells Fargo Funding 63 100%0%
  • 279%
  • (285,000 / $102,000)
0
11Countrywide Home Loans 61 93%1%
  • 254%
  • (150,000 / $59,000)
  • 416%
  • (221,000 / $53,000)
12United Guaranty Corporation 57 89%3%
  • 277%
  • (122,000 / $44,000)
  • 455%
  • (264,000 / $58,000)
13State Bank & Trust 55 85%0%
  • 276%
  • (191,000 / $69,000)
0
14The Business Bank 54 87%5%
  • 244%
  • (61,000 / $25,000)
  • 352%
  • (331,000 / $94,000)
15Mortgage Guaranty Insurance Co 51 82%7%
  • 312%
  • (306,000 / $98,000)
  • 278%
  • (245,000 / $88,000)
16Radian Guaranty 50 98%0%
  • 256%
  • (305,000 / $119,000)
0
17C.U. Mortgage Services, 46 67%8%
  • 197%
  • (276,000 / $140,000)
  • 291%
  • (105,000 / $36,000)
18Us Bank North Dakota 42 38%38%
  • 182%
  • (150,000 / $82,000)
  • 125%
  • (50,000 / $40,000)
19Us Bk Na Nd 41 46%36%
  • 114%
  • (117,000 / $102,000)
  • 108%
  • (92,000 / $85,000)
20Genworth Mortgage Insurance Co 40 75%2%
  • 279%
  • (285,000 / $102,000)
  • 148%
  • (210,000 / $141,000)

Lexington, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,836
  2. Loan Applications Denied: 577
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 2,627
  5. % of Loan Applications Originated 68

Lexington, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history10
Debt-to-income ratio8
Unverifiable information2
Credit application incomplete2

Lexington, 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 - $100,000852 5724
$100,000 - $300,0002,650 7012
$300,000 - $500,000325 7411
$500,000 - $1,000,0009 6611

Lexington, 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 - $100,0002,765 6517
$100,000 - $300,0001,041 749
$300,000 - $500,00018 495
$500,000 - $1,000,00010 2030
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Lexington, 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%15356 31
30 - 60%19749 26
60 - 100%27258 21
100 - 200%1,03473 11
200 - 300%1,11971 11
300 - 400%63574 11
> 400%42656 24

Lexington, 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 Dwelling3,704 6815
Not Owner-Occupied As A Principal Dwelling122 6613
Not Applicable5 6020

Home Owner Property Type Statistics in Lexington, 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)3,395 6914
One To Four-Family241 854
Manufactured Housing200 3342
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