Top Nashua, MN Mortgage Lenders

RankNashua Mortgage LenderNashua Home Loans ProcessedNashua Home Loans ApprovedNashua Home Loans DeniedNashua Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNashua Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,459 66%16%
  • 195%
  • (180,000 Loan / $92,000 Income)
  • 190%
  • (154,000 Loan / $81,000 Income)
2Affinity Plus Federal Credit U 641 65%5%
  • 129%
  • (100,000 / $77,000)
  • 231%
  • (155,000 / $67,000)
3Jpmorgan Chase Bank 547 83%13%
  • 202%
  • (144,000 / $71,000)
  • 166%
  • (55,000 / $33,000)
4Us Bank 453 77%14%
  • 209%
  • (109,000 / $52,000)
  • 238%
  • (112,000 / $47,000)
5Bank Of America 365 74%15%
  • 236%
  • (130,000 / $55,000)
  • 225%
  • (169,000 / $75,000)
6Citimortgage 354 78%9%
  • 226%
  • (417,000 / $184,000)
  • 296%
  • (77,000 / $26,000)
7Countrywide Bank Fsb 309 68%20%
  • 223%
  • (190,000 / $85,000)
  • 260%
  • (297,000 / $114,000)
8Mortgage Guaranty Insurance Co 214 73%8%
  • 235%
  • (188,000 / $80,000)
  • 187%
  • (90,000 / $48,000)
9Think Mutual Bank 213 70%9%
  • 145%
  • (96,000 / $66,000)
  • 242%
  • (80,000 / $33,000)
10Kleinbank 208 76%12%
  • 138%
  • (200,000 / $144,000)
  • 179%
  • (77,000 / $43,000)
11Wells Fargo Funding 197 97%1%
  • 179%
  • (140,000 / $78,000)
  • 123%
  • (53,000 / $43,000)
12Community Security Bank 191 77%5%
  • 203%
  • (310,000 / $152,000)
  • 348%
  • (164,000 / $47,000)
13Countrywide Home Loans 182 80%14%
  • 261%
  • (314,000 / $120,000)
  • 270%
  • (65,000 / $24,000)
14Beneficial Company Llc 175 5%81%
  • 93%
  • (113,000 / $121,000)
  • 252%
  • (255,000 / $101,000)
15Eastwood Bank 158 74%9%
  • 181%
  • (181,000 / $100,000)
  • 271%
  • (187,000 / $69,000)
16United Guaranty Corporation 147 74%8%
  • 231%
  • (271,000 / $117,000)
  • 251%
  • (166,000 / $66,000)
17Genworth Mortgage Insurance Co 146 71%6%
  • 220%
  • (170,000 / $77,000)
  • 197%
  • (255,000 / $129,000)
18Agstar Financial Services 146 66%5%
  • 216%
  • (145,000 / $67,000)
  • 282%
  • (164,000 / $58,000)
19Embrace Home Loans, 140 8%47%
  • 294%
  • (162,000 / $55,000)
  • 258%
  • (150,000 / $58,000)
20Roundbank 125 77%12%
  • 173%
  • (160,000 / $92,000)
  • 350%
  • (175,000 / $50,000)

Nashua, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 13,927
  2. Loan Applications Denied: 2,421
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 9,102
  5. % of Loan Applications Originated 65

Nashua, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Nashua, 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 - $100,0004,664 6220
$100,000 - $300,0008,428 6615
$300,000 - $500,000800 6217
$500,000 - $1,000,00033 5121
$1,000,000 - $1,500,0002 5050

Nashua, 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 - $100,00010,481 6218
$100,000 - $300,0003,228 7112
$300,000 - $500,000148 7712
$500,000 - $1,000,00057 808
$1,000,000 - $1,500,0009 990
$1,500,000 - $2,000,0003 660
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Nashua, 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%58563 22
30 - 60%83163 21
60 - 100%1,21469 14
100 - 200%4,30169 13
200 - 300%3,76864 16
300 - 400%1,95862 19
> 400%1,27049 27

Nashua, 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 Dwelling12,210 6417
Not Owner-Occupied As A Principal Dwelling1,627 7413
Not Applicable18 5522

Home Owner Property Type Statistics in Nashua, 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)12,764 6517
One To Four-Family804 756
Manufactured Housing359 5128
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