Top New Auburn, MN Mortgage Lenders

RankNew Auburn Mortgage LenderNew Auburn Home Loans ProcessedNew Auburn Home Loans ApprovedNew Auburn Home Loans DeniedNew Auburn Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNew Auburn Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 163 60%25%
  • 216%
  • (80,000 Loan / $37,000 Income)
  • 214%
  • (133,000 Loan / $62,000 Income)
2Jpmorgan Chase Bank 51 84%15%
  • 263%
  • (153,000 / $58,000)
  • 253%
  • (208,000 / $82,000)
3Countrywide Bank Fsb 45 68%26%
  • 222%
  • (300,000 / $135,000)
  • 370%
  • (163,000 / $44,000)
4Cornerstone State Bank 44 100%0%
  • 153%
  • (100,000 / $65,000)
0
5Us Bank 40 75%12%
  • 254%
  • (79,000 / $31,000)
  • 350%
  • (350,000 / $100,000)
6Kleinbank 34 76%2%
  • 224%
  • (177,000 / $79,000)
  • 375%
  • (109,000 / $29,000)
7Agstar Financial Services 32 84%9%
  • 266%
  • (157,000 / $59,000)
  • 434%
  • (630,000 / $145,000)
8Countrywide Home Loans 25 84%12%
  • 377%
  • (249,000 / $66,000)
  • 307%
  • (169,000 / $55,000)
9Bank Of America 24 66%12%
  • 287%
  • (463,000 / $161,000)
  • 281%
  • (228,000 / $81,000)
10Citimortgage 21 76%9%
  • 312%
  • (338,000 / $108,000)
  • 444%
  • (218,000 / $49,000)
11Hometown Bank 20 70%15%
  • 58%
  • (87,000 / $150,000)
  • 290%
  • (160,000 / $55,000)
12Citibank 20 75%15%
  • 209%
  • (151,000 / $72,000)
  • 160%
  • (80,000 / $50,000)
13Beneficial Company Llc 18 5%83%
  • 165%
  • (199,000 / $120,000)
  • 235%
  • (146,000 / $62,000)
14Wells Fargo Funding 17 100%0% 0 0
15Nationstar Mortgage Llc 17 23%29%
  • 533%
  • (240,000 / $45,000)
  • 496%
  • (298,000 / $60,000)
16United Guaranty Corporation 16 87%12%
  • 246%
  • (234,000 / $95,000)
  • 346%
  • (315,000 / $91,000)
17Wells Fargo Fin'l Minnesota 15 20%20%
  • 283%
  • (136,000 / $48,000)
  • 277%
  • (175,000 / $63,000)
18Mortgage Guaranty Insurance Co 15 73%0%
  • 172%
  • (166,000 / $96,000)
0
19Us Bank North Dakota 14 14%78%
  • 62%
  • (40,000 / $64,000)
  • 101%
  • (84,000 / $83,000)
20Hfc Company Llc 14 0%85% 0
  • 236%
  • (90,000 / $38,000)

New Auburn, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,156
  2. Loan Applications Denied: 263
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 712
  5. % of Loan Applications Originated 61

New Auburn, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Debt-to-income ratio11
Credit history10
Credit application incomplete3
Unverifiable information1

New Auburn, 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 - $100,000306 6620
$100,000 - $300,000723 6021
$300,000 - $500,000113 5928
$500,000 - $1,000,00014 2157

New Auburn, 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 - $100,000929 6122
$100,000 - $300,000219 6123
$300,000 - $500,0004 7525
$500,000 - $1,000,0002 00
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in New Auburn, 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%3769 16
30 - 60%6163 24
60 - 100%8561 20
100 - 200%26264 20
200 - 300%33966 18
300 - 400%20054 26
> 400%17250 32

New Auburn, 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 Dwelling1,121 6122
Not Owner-Occupied As A Principal Dwelling28 7814
Not Applicable4 5050

Home Owner Property Type Statistics in New Auburn, 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)1,074 6023
One To Four-Family64 816
Manufactured Housing18 6627
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