Top Minneapolis, MN Mortgage Lenders

RankMinneapolis Mortgage LenderMinneapolis Home Loans ProcessedMinneapolis Home Loans ApprovedMinneapolis Home Loans DeniedMinneapolis Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMinneapolis Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 33,266 65%15%
  • 209%
  • (218,000 Loan / $104,000 Income)
  • 201%
  • (392,000 Loan / $195,000 Income)
2Us Bank 7,395 78%11%
  • 227%
  • (100,000 / $44,000)
  • 262%
  • (194,000 / $74,000)
3Jpmorgan Chase Bank 7,088 85%11%
  • 222%
  • (80,000 / $36,000)
  • 229%
  • (344,000 / $150,000)
4Citimortgage 5,108 78%9%
  • 227%
  • (50,000 / $22,000)
  • 255%
  • (184,000 / $72,000)
5Bank Of America 4,508 74%14%
  • 234%
  • (150,000 / $64,000)
  • 264%
  • (180,000 / $68,000)
6Countrywide Bank Fsb 4,283 70%16%
  • 226%
  • (204,000 / $90,000)
  • 267%
  • (321,000 / $120,000)
7Affinity Plus Federal Credit U 3,642 64%3%
  • 143%
  • (201,000 / $140,000)
  • 267%
  • (75,000 / $28,000)
8Tcf National Bank 3,548 31%42%
  • 192%
  • (25,000 / $13,000)
  • 292%
  • (155,000 / $53,000)
9Wells Fargo Funding 3,384 98%1%
  • 217%
  • (202,000 / $93,000)
  • 228%
  • (192,000 / $84,000)
10Countrywide Home Loans 2,638 78%12%
  • 256%
  • (610,000 / $238,000)
  • 258%
  • (233,000 / $90,000)
11Citibank 2,617 72%13%
  • 151%
  • (103,000 / $68,000)
  • 107%
  • (126,000 / $117,000)
12Mortgage Guaranty Insurance Co 2,530 70%8%
  • 289%
  • (113,000 / $39,000)
  • 280%
  • (168,000 / $60,000)
13Us Bk Na Nd 2,284 37%49%
  • 126%
  • (53,000 / $42,000)
  • 170%
  • (41,000 / $24,000)
14Phh Home Loans 2,183 83%4%
  • 258%
  • (75,000 / $29,000)
  • 286%
  • (83,000 / $29,000)
15The Business Bank 2,168 92%3%
  • 233%
  • (210,000 / $90,000)
  • 305%
  • (278,000 / $91,000)
16United Guaranty Corporation 1,893 78%6%
  • 264%
  • (172,000 / $65,000)
  • 272%
  • (60,000 / $22,000)
17Us Bank North Dakota 1,791 32%47%
  • 145%
  • (54,000 / $37,000)
  • 182%
  • (128,000 / $70,000)
18Radian Guaranty 1,786 82%2%
  • 261%
  • (162,000 / $62,000)
  • 283%
  • (85,000 / $30,000)
19Bell America Mortgage Llc Dba 1,681 74%1%
  • 267%
  • (163,000 / $61,000)
  • 300%
  • (102,000 / $34,000)
20Genworth Mortgage Insurance Co 1,623 73%4%
  • 282%
  • (198,000 / $70,000)
  • 280%
  • (143,000 / $51,000)

Minneapolis, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 168,803
  2. Loan Applications Denied: 28,363
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 110,951
  5. % of Loan Applications Originated 65

Minneapolis, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio9
Credit history8
Credit application incomplete3
Unverifiable information2

Minneapolis, 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 - $100,00039,866 6021
$100,000 - $300,000110,250 6615
$300,000 - $500,00016,500 6913
$500,000 - $1,000,0001,948 5922
$1,000,000 - $1,500,000165 5623
$1,500,000 - $2,000,00057 5928
> $2,000,00017 5811

Minneapolis, 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 - $100,000119,169 6318
$100,000 - $300,00045,173 7012
$300,000 - $500,0002,974 6813
$500,000 - $1,000,0001,197 6912
$1,000,000 - $1,500,000186 5919
$1,500,000 - $2,000,00052 7017
> $2,000,00052 7021

Loan to Income Ratios Research for Mortgage in Minneapolis, 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%6,38459 22
30 - 60%8,83861 20
60 - 100%12,82463 17
100 - 200%43,71468 13
200 - 300%48,01068 13
300 - 400%29,95265 16
> 400%19,08153 26

Minneapolis, 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 Dwelling152,921 6616
Not Owner-Occupied As A Principal Dwelling15,139 6121
Not Applicable99 6719

Home Owner Property Type Statistics in Minneapolis, 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)157,162 6517
One To Four-Family10,584 755
Manufactured Housing1,057 4141
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