Top New Hartford, MN Mortgage Lenders

RankNew Hartford Mortgage LenderNew Hartford Home Loans ProcessedNew Hartford Home Loans ApprovedNew Hartford Home Loans DeniedNew Hartford Mortgage Median Loan to Income Ratio (LTR) for Approved LoansNew Hartford Mortgage Median LTR for Denied Loans
1Altra Federal Credit Union 167 80%6%
  • 167%
  • (129,000 Loan / $77,000 Income)
  • 139%
  • (46,000 Loan / $33,000 Income)
2Merchants Bank 120 80%5%
  • 215%
  • (155,000 / $72,000)
  • 315%
  • (325,000 / $103,000)
3Wells Fargo Bank 102 59%23%
  • 155%
  • (282,000 / $181,000)
  • 196%
  • (193,000 / $98,000)
4Affinity Plus Federal Credit U 79 62%5%
  • 97%
  • (74,000 / $76,000)
  • 342%
  • (65,000 / $19,000)
5Home Federal Savings Bank 62 74%9%
  • 181%
  • (198,000 / $109,000)
  • 189%
  • (87,000 / $46,000)
6Eastwood Bank 59 77%6%
  • 210%
  • (270,000 / $128,000)
  • 321%
  • (180,000 / $56,000)
7United Guaranty Corporation 26 92%3%
  • 264%
  • (119,000 / $45,000)
  • 239%
  • (206,000 / $86,000)
8Associated Bank 24 45%16%
  • 245%
  • (179,000 / $73,000)
  • 258%
  • (207,000 / $80,000)
9Marine Credit Union 14 100%0%
  • 194%
  • (183,000 / $94,000)
0
10Genworth Mortgage Insurance Co 13 76%0%
  • 251%
  • (123,000 / $49,000)
0
11Agstar Financial Services 10 60%10%
  • 388%
  • (136,000 / $35,000)
  • 208%
  • (200,000 / $96,000)
12Citimortgage 9 88%0%
  • 200%
  • (68,000 / $34,000)
0
13Associated Bank Na 9 66%0%
  • 220%
  • (64,000 / $29,000)
0
14Mortgage Guaranty Insurance Co 8 75%25%
  • 238%
  • (117,000 / $49,000)
  • 296%
  • (320,000 / $108,000)
15State Bank Financial 7 28%42%
  • 311%
  • (212,000 / $68,000)
  • 132%
  • (250,000 / $188,000)
16Quicken Loans 7 42%42%
  • 221%
  • (162,000 / $73,000)
  • 490%
  • (157,000 / $32,000)
17Consumer Loan Services Llc 7 71%28% 0
  • 1374%
  • (371,000 / $27,000)
18Rushford State Bank 6 83%0%
  • 420%
  • (101,000 / $24,000)
0
19Firefighters Credit Union 6 83%0%
  • 103%
  • (115,000 / $111,000)
0
20Us Bank North Dakota 5 20%20%
  • 168%
  • (210,000 / $125,000)
  • 100%
  • (50,000 / $50,000)

New Hartford, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 924
  2. Loan Applications Denied: 109
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 642
  5. % of Loan Applications Originated 69

New Hartford, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio11
Collateral8
Credit history8
Insufficient cash (downpayment, closing costs)1
Credit application incomplete1

New Hartford, 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 - $100,000301 6813
$100,000 - $300,000553 719
$300,000 - $500,00067 5126
$500,000 - $1,000,0003 660

New Hartford, 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 - $100,000707 6713
$100,000 - $300,000210 757
$300,000 - $500,0004 500
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in New Hartford, 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%4868 10
30 - 60%7473 10
60 - 100%7471 12
100 - 200%25675 7
200 - 300%27668 9
300 - 400%10660 18
> 400%9058 23

New Hartford, 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 Dwelling899 6911
Not Owner-Occupied As A Principal Dwelling21 769
Not Applicable1 1000

Home Owner Property Type Statistics in New Hartford, 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)841 6811
One To Four-Family59 865
Manufactured Housing24 5041
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