Top Mound, MN Mortgage Lenders

RankMound Mortgage LenderMound Home Loans ProcessedMound Home Loans ApprovedMound Home Loans DeniedMound Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMound Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,364 63%13%
  • 216%
  • (115,000 Loan / $53,000 Income)
  • 237%
  • (192,000 Loan / $81,000 Income)
2Jpmorgan Chase Bank 312 83%13%
  • 220%
  • (86,000 / $39,000)
  • 222%
  • (151,000 / $68,000)
3Us Bank 253 79%9%
  • 213%
  • (417,000 / $195,000)
  • 225%
  • (210,000 / $93,000)
4Citimortgage 240 81%5%
  • 227%
  • (294,000 / $129,000)
  • 255%
  • (153,000 / $60,000)
5Bank Of America 198 69%13%
  • 233%
  • (250,000 / $107,000)
  • 275%
  • (146,000 / $53,000)
6Countrywide Bank Fsb 179 66%20%
  • 226%
  • (292,000 / $129,000)
  • 312%
  • (225,000 / $72,000)
7Citibank 136 78%9%
  • 118%
  • (333,000 / $282,000)
  • 133%
  • (140,000 / $105,000)
8Wells Fargo Funding 133 98%0%
  • 284%
  • (74,000 / $26,000)
0
9Phh Home Loans 132 75%6%
  • 253%
  • (1,000,000 / $395,000)
  • 318%
  • (417,000 / $131,000)
10Bell America Mortgage Llc Dba 99 75%0%
  • 272%
  • (417,000 / $153,000)
0
11Countrywide Home Loans 98 84%11%
  • 289%
  • (295,000 / $102,000)
  • 198%
  • (380,000 / $191,000)
12The Business Bank 94 87%9%
  • 250%
  • (1,388,000 / $554,000)
  • 337%
  • (152,000 / $45,000)
13Us Bank North Dakota 92 32%38%
  • 182%
  • (596,000 / $326,000)
  • 293%
  • (645,000 / $220,000)
14Provident Funding Associates 88 72%12%
  • 258%
  • (372,000 / $144,000)
  • 326%
  • (411,000 / $126,000)
15Tcf National Bank 70 37%34%
  • 253%
  • (114,000 / $45,000)
  • 466%
  • (294,000 / $63,000)
16Ing Bank, Fsb 62 45%29%
  • 281%
  • (1,350,000 / $480,000)
  • 226%
  • (815,000 / $360,000)
17Mortgage Guaranty Insurance Co 53 69%11%
  • 304%
  • (137,000 / $45,000)
  • 271%
  • (160,000 / $59,000)
18Us Bk Na Nd 52 36%50%
  • 147%
  • (109,000 / $74,000)
  • 194%
  • (148,000 / $76,000)
19United Guaranty Corporation 50 72%4%
  • 304%
  • (125,000 / $41,000)
  • 229%
  • (202,000 / $88,000)
20Hfc Company Llc 49 6%73%
  • 239%
  • (235,000 / $98,000)
  • 325%
  • (218,000 / $67,000)

Mound, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,289
  2. Loan Applications Denied: 1,020
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 4,098
  5. % of Loan Applications Originated 65

Mound, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio11
Credit history8
Credit application incomplete5
Unverifiable information3

Mound, 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 - $100,000911 6019
$100,000 - $300,0003,325 6516
$300,000 - $500,0001,437 6912
$500,000 - $1,000,000464 5520
$1,000,000 - $1,500,00081 6228
$1,500,000 - $2,000,00032 5315
> $2,000,00039 3738

Mound, 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 - $100,0003,432 6217
$100,000 - $300,0002,260 6813
$300,000 - $500,000326 6216
$500,000 - $1,000,000193 6218
$1,000,000 - $1,500,00042 5419
$1,500,000 - $2,000,00017 635
> $2,000,00019 6821

Loan to Income Ratios Research for Mortgage in Mound, 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%17655 26
30 - 60%32962 19
60 - 100%45364 16
100 - 200%1,49168 13
200 - 300%1,70667 13
300 - 400%1,21665 15
> 400%91853 25

Mound, 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 Dwelling5,737 6516
Not Owner-Occupied As A Principal Dwelling533 6417

Home Owner Property Type Statistics in Mound, 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)6,038 6416
One To Four-Family245 755
Manufactured Housing6 1666
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