Top Manchester, MN Mortgage Lenders

RankManchester Mortgage LenderManchester Home Loans ProcessedManchester Home Loans ApprovedManchester Home Loans DeniedManchester Mortgage Median Loan to Income Ratio (LTR) for Approved LoansManchester Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 273 58%21%
  • 184%
  • (276,000 Loan / $150,000 Income)
  • 137%
  • (132,000 Loan / $96,000 Income)
2Wells Federal Bank 117 69%16%
  • 170%
  • (228,000 / $134,000)
  • 221%
  • (73,000 / $33,000)
3Agstar Financial Services 98 70%10%
  • 186%
  • (80,000 / $43,000)
  • 239%
  • (79,000 / $33,000)
4Home Federal Savings Bank 73 61%20%
  • 193%
  • (58,000 / $30,000)
  • 166%
  • (90,000 / $54,000)
5Jpmorgan Chase Bank 65 78%20%
  • 222%
  • (158,000 / $71,000)
  • 210%
  • (80,000 / $38,000)
6Us Bank North Dakota 60 35%48%
  • 88%
  • (30,000 / $34,000)
  • 156%
  • (50,000 / $32,000)
7Mortgage Guaranty Insurance Co 42 66%11%
  • 225%
  • (61,000 / $27,000)
  • 236%
  • (154,000 / $65,000)
8Beneficial Company Llc 39 7%87%
  • 180%
  • (141,000 / $78,000)
  • 213%
  • (145,000 / $68,000)
9Countrywide Bank Fsb 30 76%16%
  • 170%
  • (177,000 / $104,000)
  • 244%
  • (230,000 / $94,000)
10Citifinancial Services Inc 28 28%46%
  • 173%
  • (40,000 / $23,000)
  • 178%
  • (59,000 / $33,000)
11Citimortgage 27 81%7%
  • 177%
  • (172,000 / $97,000)
  • 780%
  • (78,000 / $10,000)
12Citibank 27 62%25%
  • 378%
  • (106,000 / $28,000)
  • 112%
  • (46,000 / $41,000)
13Wells Fargo Fin'l Minnesota 26 23%53%
  • 210%
  • (97,000 / $46,000)
  • 182%
  • (75,000 / $41,000)
14Us Bk Na Nd 24 62%29%
  • 95%
  • (81,000 / $85,000)
  • 156%
  • (116,000 / $74,000)
15Us Bank 24 66%12%
  • 225%
  • (106,000 / $47,000)
  • 507%
  • (289,000 / $57,000)
16Genworth Mortgage Insurance Co 23 52%8%
  • 233%
  • (322,000 / $138,000)
  • 276%
  • (58,000 / $21,000)
17Countrywide Home Loans 21 71%9%
  • 167%
  • (62,000 / $37,000)
  • 276%
  • (58,000 / $21,000)
18Embrace Home Loans, 15 0%53% 0
  • 317%
  • (111,000 / $35,000)
19The Business Bank 14 100%0%
  • 185%
  • (139,000 / $75,000)
0
20Republic Mortgage Insurance Co 14 71%14%
  • 275%
  • (160,000 / $58,000)
  • 253%
  • (81,000 / $32,000)

Manchester, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,429
  2. Loan Applications Denied: 338
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 832
  5. % of Loan Applications Originated 58

Manchester, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral9
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Manchester, 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 - $100,000682 5528
$100,000 - $300,000705 5919
$300,000 - $500,00038 4621
$500,000 - $1,000,0003 3366
> $2,000,0001 1000

Manchester, 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 - $100,0001,167 5625
$100,000 - $300,000244 6314
$300,000 - $500,00012 660
$500,000 - $1,000,0004 2550
$1,000,000 - $1,500,0002 050

Loan to Income Ratios Research for Mortgage in Manchester, 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%5737 43
30 - 60%8151 32
60 - 100%11657 25
100 - 200%50562 18
200 - 300%39958 21
300 - 400%17660 19
> 400%9543 45

Manchester, 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 Dwelling1,378 5724
Not Owner-Occupied As A Principal Dwelling44 689
Not Applicable1 1000

Home Owner Property Type Statistics in Manchester, 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)1,305 5724
One To Four-Family109 669
Manufactured Housing15 4046
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