Top Martinsburg, MN Mortgage Lenders

RankMartinsburg Mortgage LenderMartinsburg Home Loans ProcessedMartinsburg Home Loans ApprovedMartinsburg Home Loans DeniedMartinsburg Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMartinsburg Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 131 63%16%
  • 156%
  • (83,000 Loan / $53,000 Income)
  • 165%
  • (66,000 Loan / $40,000 Income)
2Cornerstone Mortgage Company 32 87%3%
  • 255%
  • (92,000 / $36,000)
  • 433%
  • (78,000 / $18,000)
3Citimortgage 31 80%3%
  • 239%
  • (55,000 / $23,000)
  • 72%
  • (53,000 / $73,000)
4Hometown Bank 29 65%27%
  • 170%
  • (140,000 / $82,000)
  • 205%
  • (82,000 / $40,000)
5Jpmorgan Chase Bank 28 89%10%
  • 235%
  • (125,000 / $53,000)
  • 137%
  • (80,000 / $58,000)
6Countrywide Bank Fsb 28 60%25%
  • 185%
  • (50,000 / $27,000)
  • 195%
  • (127,000 / $65,000)
7Frandsen Bank & Trust 20 65%20%
  • 103%
  • (82,000 / $79,000)
  • 180%
  • (85,000 / $47,000)
8Novationcreditunion 18 77%16%
  • 44%
  • (28,000 / $63,000)
  • 52%
  • (10,000 / $19,000)
9Beneficial Company Llc 18 22%55%
  • 234%
  • (61,000 / $26,000)
  • 195%
  • (88,000 / $45,000)
10Embrace Home Loans, 17 11%47%
  • 162%
  • (70,000 / $43,000)
  • 216%
  • (182,000 / $84,000)
11Countrywide Home Loans 16 81%18%
  • 481%
  • (130,000 / $27,000)
  • 267%
  • (139,000 / $52,000)
12Citibank 16 68%12%
  • 179%
  • (86,000 / $48,000)
  • 150%
  • (30,000 / $20,000)
13Valley Bank 15 86%13%
  • 80%
  • (75,000 / $93,000)
  • 89%
  • (17,000 / $19,000)
14Hfc Company Llc 15 0%86% 0
  • 170%
  • (68,000 / $40,000)
15Bank Of America 15 46%20%
  • 382%
  • (172,000 / $45,000)
  • 177%
  • (316,000 / $178,000)
16Minnwest Bank Mv 14 71%14%
  • 78%
  • (94,000 / $120,000)
  • 200%
  • (48,000 / $24,000)
17Wells Fargo Fin'l Minnesota 13 15%53%
  • 221%
  • (115,000 / $52,000)
  • 125%
  • (125,000 / $100,000)
18First Suburban National Bank 13 7%61%
  • 188%
  • (143,000 / $76,000)
  • 185%
  • (52,000 / $28,000)
19Phh Mortgage Corporation 11 81%9%
  • 143%
  • (83,000 / $58,000)
  • 294%
  • (100,000 / $34,000)
20Nationstar Mortgage Llc 10 10%20%
  • 193%
  • (93,000 / $48,000)
  • 593%
  • (178,000 / $30,000)

Martinsburg, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 867
  2. Loan Applications Denied: 185
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 521
  5. % of Loan Applications Originated 60

Martinsburg, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral15
Debt-to-income ratio4
Credit application incomplete3
Unverifiable information0

Martinsburg, 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 - $100,000562 5724
$100,000 - $300,000301 6115
$300,000 - $500,0003 3366
$500,000 - $1,000,0001 1000

Martinsburg, 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 - $100,000784 5722
$100,000 - $300,00078 7714
$300,000 - $500,0004 1000
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Martinsburg, 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%4261 23
30 - 60%7163 28
60 - 100%11461 18
100 - 200%28157 21
200 - 300%23257 20
300 - 400%7763 19
> 400%5064 22

Martinsburg, 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 Dwelling823 5921
Not Owner-Occupied As A Principal Dwelling38 6321
Not Applicable1 1000

Home Owner Property Type Statistics in Martinsburg, 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)804 5822
One To Four-Family50 780
Manufactured Housing13 6915
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