Top Lincoln, MN Mortgage Lenders

RankLincoln Mortgage LenderLincoln Home Loans ProcessedLincoln Home Loans ApprovedLincoln Home Loans DeniedLincoln Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLincoln Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 592 65%14%
  • 225%
  • (176,000 Loan / $78,000 Income)
  • 191%
  • (190,000 Loan / $99,000 Income)
2Affinity Plus Federal Credit U 71 61%11%
  • 128%
  • (59,000 / $46,000)
  • 188%
  • (219,000 / $116,000)
3Agstar Financial Services 69 57%8%
  • 226%
  • (170,000 / $75,000)
  • 327%
  • (157,000 / $48,000)
4Wells Federal Bank 68 75%8%
  • 187%
  • (118,000 / $63,000)
  • 189%
  • (106,000 / $56,000)
5Community Bank Mankato 61 95%3%
  • 168%
  • (158,000 / $94,000)
  • 349%
  • (185,000 / $53,000)
6Wells Fargo Fin'l Minnesota 55 25%52%
  • 205%
  • (119,000 / $58,000)
  • 246%
  • (160,000 / $65,000)
7Minnstar Bank N.A. 53 81%15%
  • 73%
  • (60,000 / $82,000)
  • 223%
  • (38,000 / $17,000)
8Mortgage Guaranty Insurance Co 52 80%3%
  • 245%
  • (59,000 / $24,000)
  • 316%
  • (98,000 / $31,000)
9Us Bank 50 84%4%
  • 206%
  • (120,000 / $58,000)
  • 200%
  • (80,000 / $40,000)
10Genworth Mortgage Insurance Co 48 64%0%
  • 266%
  • (80,000 / $30,000)
0
11Tcf National Bank 46 63%30%
  • 182%
  • (84,000 / $46,000)
  • 287%
  • (115,000 / $40,000)
12Countrywide Bank Fsb 45 68%13%
  • 250%
  • (125,000 / $50,000)
  • 293%
  • (85,000 / $29,000)
13Jpmorgan Chase Bank 38 81%18%
  • 291%
  • (175,000 / $60,000)
  • 166%
  • (83,000 / $50,000)
14Citimortgage 37 86%5%
  • 212%
  • (132,000 / $62,000)
  • 666%
  • (60,000 / $9,000)
15Citifinancial Services Inc 29 20%34%
  • 137%
  • (37,000 / $27,000)
  • 114%
  • (16,000 / $14,000)
16Countrywide Home Loans 24 79%12%
  • 148%
  • (178,000 / $120,000)
  • 192%
  • (98,000 / $51,000)
17Us Bk Na Nd 23 56%39%
  • 191%
  • (86,000 / $45,000)
  • 168%
  • (86,000 / $51,000)
18United Guaranty Corporation 23 78%4%
  • 255%
  • (97,000 / $38,000)
  • 300%
  • (69,000 / $23,000)
19Quicken Loans 22 68%22%
  • 289%
  • (110,000 / $38,000)
  • 228%
  • (391,000 / $171,000)
20Embrace Home Loans, 22 4%59%
  • 229%
  • (71,000 / $31,000)
  • 292%
  • (164,000 / $56,000)

Lincoln, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,096
  2. Loan Applications Denied: 367
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,342
  5. % of Loan Applications Originated 64

Lincoln, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history9
Debt-to-income ratio7
Unverifiable information0
Insufficient cash (downpayment, closing costs)0

Lincoln, 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 - $100,000841 6120
$100,000 - $300,0001,187 6514
$300,000 - $500,00068 5225

Lincoln, 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 - $100,0001,852 6318
$100,000 - $300,000228 7210
$300,000 - $500,0008 3712
$500,000 - $1,000,0006 330
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Lincoln, 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%9858 15
30 - 60%9653 21
60 - 100%15964 18
100 - 200%59664 18
200 - 300%63266 13
300 - 400%34465 19
> 400%17154 23

Lincoln, 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 Dwelling2,010 6317
Not Owner-Occupied As A Principal Dwelling80 6820
Not Applicable2 1000

Home Owner Property Type Statistics in Lincoln, 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)1,866 6318
One To Four-Family187 782
Manufactured Housing43 3739
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