Top New Avon, MN Mortgage Lenders

RankNew Avon Mortgage LenderNew Avon Home Loans ProcessedNew Avon Home Loans ApprovedNew Avon Home Loans DeniedNew Avon Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNew Avon Mortgage Median LTR for Denied Loans
1Minnwest Bank Mv 78 82%16%
  • 64%
  • (35,000 Loan / $54,000 Income)
  • 141%
  • (75,000 Loan / $53,000 Income)
2Jpmorgan Chase Bank 51 94%5%
  • 212%
  • (53,000 / $25,000)
  • 172%
  • (112,000 / $65,000)
3Wells Fargo Bank 48 54%22%
  • 163%
  • (126,000 / $77,000)
  • 125%
  • (55,000 / $44,000)
4Bremer Bank Na (Willmar) 35 82%5%
  • 144%
  • (55,000 / $38,000)
  • 504%
  • (212,000 / $42,000)
5Hometown Bank 33 93%6%
  • 125%
  • (45,000 / $36,000)
  • 357%
  • (68,000 / $19,000)
6Citimortgage 31 87%6%
  • 158%
  • (117,000 / $74,000)
  • 296%
  • (77,000 / $26,000)
7Minnwest Mortgage Corporation 25 36%32%
  • 217%
  • (50,000 / $23,000)
  • 338%
  • (88,000 / $26,000)
8Countrywide Bank Fsb 23 78%13%
  • 218%
  • (140,000 / $64,000)
  • 96%
  • (63,000 / $65,000)
9Woodlands National Bank 22 22%54%
  • 234%
  • (286,000 / $122,000)
  • 213%
  • (179,000 / $84,000)
10Beneficial Company Llc 21 9%80%
  • 136%
  • (56,000 / $41,000)
  • 125%
  • (75,000 / $60,000)
11Wells Federal Bank 20 55%35%
  • 168%
  • (84,000 / $50,000)
  • 147%
  • (75,000 / $51,000)
12Countrywide Home Loans 18 77%5%
  • 220%
  • (33,000 / $15,000)
  • 390%
  • (86,000 / $22,000)
13Integrity Bank Plus 16 93%6%
  • 76%
  • (30,000 / $39,000)
  • 126%
  • (19,000 / $15,000)
14Genworth Mortgage Insurance Co 16 81%6%
  • 178%
  • (50,000 / $28,000)
  • 210%
  • (179,000 / $85,000)
15Embrace Home Loans, 15 6%20%
  • 78%
  • (50,000 / $64,000)
  • 390%
  • (125,000 / $32,000)
16Citibank 15 66%13%
  • 86%
  • (51,000 / $59,000)
  • 66%
  • (40,000 / $60,000)
17Bank Of America 15 86%13%
  • 410%
  • (156,000 / $38,000)
  • 123%
  • (110,000 / $89,000)
18Mortgage Guaranty Insurance Co 14 50%21%
  • 205%
  • (324,000 / $158,000)
  • 163%
  • (126,000 / $77,000)
19United Guaranty Corporation 12 66%8%
  • 216%
  • (80,000 / $37,000)
  • 210%
  • (179,000 / $85,000)
20Wells Fargo Fin'l Minnesota 10 30%50%
  • 189%
  • (106,000 / $56,000)
  • 301%
  • (205,000 / $68,000)

New Avon, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 723
  2. Loan Applications Denied: 144
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 463
  5. % of Loan Applications Originated 64

New Avon, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral9
Debt-to-income ratio3
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

New Avon, 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 - $100,000437 6024
$100,000 - $300,000273 6712
$300,000 - $500,00012 748
$500,000 - $1,000,0001 1000

New Avon, 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 - $100,000633 6221
$100,000 - $300,00085 769
$300,000 - $500,0005 6020

Loan to Income Ratios Research for Mortgage in New Avon, 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%4167 19
30 - 60%5768 22
60 - 100%13366 17
100 - 200%22265 20
200 - 300%16257 19
300 - 400%7060 21
> 400%3865 23

New Avon, 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 Dwelling701 6319
Not Owner-Occupied As A Principal Dwelling21 7619

Home Owner Property Type Statistics in New Avon, 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)653 6320
One To Four-Family54 6811
Manufactured Housing16 6218
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