Top Mahtomedi, MN Mortgage Lenders

RankMahtomedi Mortgage LenderMahtomedi Home Loans ProcessedMahtomedi Home Loans ApprovedMahtomedi Home Loans DeniedMahtomedi Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMahtomedi Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,387 70%10%
  • 186%
  • (286,000 Loan / $153,000 Income)
  • 242%
  • (189,000 Loan / $78,000 Income)
2Us Bank 423 74%13%
  • 218%
  • (229,000 / $105,000)
  • 321%
  • (402,000 / $125,000)
3Jpmorgan Chase Bank 343 88%10%
  • 240%
  • (120,000 / $50,000)
  • 206%
  • (417,000 / $202,000)
4Citimortgage 213 79%7%
  • 200%
  • (241,000 / $120,000)
  • 321%
  • (193,000 / $60,000)
5Tcf National Bank 186 25%34%
  • 207%
  • (382,000 / $184,000)
  • 295%
  • (413,000 / $140,000)
6Us Bk Na Nd 177 56%36%
  • 130%
  • (176,000 / $135,000)
  • 177%
  • (32,000 / $18,000)
7Affinity Plus Federal Credit U 167 71%2%
  • 146%
  • (352,000 / $240,000)
  • 207%
  • (160,000 / $77,000)
8Bank Of America 165 74%12%
  • 219%
  • (417,000 / $190,000)
  • 226%
  • (177,000 / $78,000)
9Phh Home Loans 155 83%4%
  • 275%
  • (480,000 / $174,000)
  • 190%
  • (800,000 / $420,000)
10Wells Fargo Funding 126 100%0%
  • 240%
  • (120,000 / $50,000)
0
11Provident Funding Associates 93 66%12%
  • 200%
  • (144,000 / $72,000)
  • 279%
  • (400,000 / $143,000)
12The Business Bank 90 92%4%
  • 239%
  • (230,000 / $96,000)
  • 386%
  • (356,000 / $92,000)
13St. Paul Postal Employees Cu 89 73%13%
  • 182%
  • (91,000 / $50,000)
  • 290%
  • (290,000 / $100,000)
14Citibank 89 68%13%
  • 190%
  • (114,000 / $60,000)
  • 169%
  • (163,000 / $96,000)
15Pulte Mortgage Llc 88 72%0%
  • 265%
  • (215,000 / $81,000)
0
16Bremer Bank Na (Twin Cities) 87 77%2%
  • 170%
  • (396,000 / $232,000)
  • 329%
  • (155,000 / $47,000)
17Quicken Loans 84 72%20%
  • 237%
  • (237,000 / $100,000)
  • 297%
  • (387,000 / $130,000)
18Countrywide Bank Fsb 82 70%17%
  • 239%
  • (338,000 / $141,000)
  • 353%
  • (332,000 / $94,000)
19Us Bank North Dakota 78 50%39%
  • 113%
  • (90,000 / $79,000)
  • 266%
  • (950,000 / $356,000)
20State Bank & Trust 68 77%1%
  • 234%
  • (190,000 / $81,000)
  • 163%
  • (175,000 / $107,000)

Mahtomedi, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,603
  2. Loan Applications Denied: 841
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 4,649
  5. % of Loan Applications Originated 70

Mahtomedi, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Debt-to-income ratio12
Credit history9
Credit application incomplete4
Unverifiable information2

Mahtomedi, 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 - $100,000970 6714
$100,000 - $300,0003,986 7111
$300,000 - $500,0001,408 6912
$500,000 - $1,000,000200 5123
$1,000,000 - $1,500,00024 4529
$1,500,000 - $2,000,00013 4523
> $2,000,0002 0100

Mahtomedi, 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 - $100,0003,473 6615
$100,000 - $300,0002,826 749
$300,000 - $500,000205 6412
$500,000 - $1,000,00083 5619
$1,000,000 - $1,500,00012 5825
$1,500,000 - $2,000,0004 250

Loan to Income Ratios Research for Mortgage in Mahtomedi, 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%19667 12
30 - 60%30372 10
60 - 100%51372 10
100 - 200%1,88373 9
200 - 300%1,90272 11
300 - 400%1,07966 14
> 400%72755 24

Mahtomedi, 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 Dwelling6,382 7012
Not Owner-Occupied As A Principal Dwelling216 6118

Home Owner Property Type Statistics in Mahtomedi, 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)6,385 7012
One To Four-Family213 776
Manufactured Housing5 2080
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