Top Palmer, MN Mortgage Lenders

RankPalmer Mortgage LenderPalmer Home Loans ProcessedPalmer Home Loans ApprovedPalmer Home Loans DeniedPalmer Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPalmer Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 681 68%15%
  • 194%
  • (354,000 Loan / $182,000 Income)
  • 185%
  • (167,000 Loan / $90,000 Income)
2Liberty Savings Bank Fsb 311 90%3%
  • 233%
  • (187,000 / $80,000)
  • 324%
  • (269,000 / $83,000)
3Jpmorgan Chase Bank 170 79%17%
  • 264%
  • (135,000 / $51,000)
  • 242%
  • (182,000 / $75,000)
4Bremer Bank Na (St Cloud) 120 81%3%
  • 220%
  • (159,000 / $72,000)
  • 281%
  • (405,000 / $144,000)
5Us Bank 119 84%11%
  • 223%
  • (183,000 / $82,000)
  • 336%
  • (148,000 / $44,000)
6Citimortgage 118 75%16%
  • 337%
  • (243,000 / $72,000)
  • 224%
  • (269,000 / $120,000)
7Citibank 92 65%18%
  • 193%
  • (112,000 / $58,000)
  • 141%
  • (187,000 / $132,000)
8Bank Of America 72 81%6%
  • 307%
  • (240,000 / $78,000)
  • 347%
  • (139,000 / $40,000)
9Affinity Plus Federal Credit U 65 64%6%
  • 200%
  • (100,000 / $50,000)
  • 348%
  • (181,000 / $52,000)
10Phh Mortgage Corporation 61 78%4%
  • 236%
  • (71,000 / $30,000)
  • 123%
  • (175,000 / $142,000)
11Mortgage Guaranty Insurance Co 59 83%8%
  • 243%
  • (207,000 / $85,000)
  • 295%
  • (207,000 / $70,000)
12Tcf National Bank 54 24%37%
  • 202%
  • (235,000 / $116,000)
  • 324%
  • (224,000 / $69,000)
13Us Bk Na Nd 51 54%39%
  • 116%
  • (150,000 / $129,000)
  • 146%
  • (142,000 / $97,000)
14Great River Federal Cu 48 39%39%
  • 87%
  • (64,000 / $73,000)
  • 206%
  • (103,000 / $50,000)
15Countrywide Bank Fsb 47 78%6%
  • 275%
  • (99,000 / $36,000)
  • 410%
  • (246,000 / $60,000)
16Sherburne State Bank 44 38%11%
  • 182%
  • (75,000 / $41,000)
  • 355%
  • (160,000 / $45,000)
17Suntrust Mortgage 42 85%7%
  • 205%
  • (150,000 / $73,000)
  • 178%
  • (118,000 / $66,000)
18Phh Home Loans 38 81%10%
  • 262%
  • (134,000 / $51,000)
  • 205%
  • (390,000 / $190,000)
19Beneficial Company Llc 38 0%78% 0
  • 260%
  • (138,000 / $53,000)
20Genworth Mortgage Insurance Co 37 72%2%
  • 263%
  • (285,000 / $108,000)
  • 214%
  • (107,000 / $50,000)

Palmer, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,582
  2. Loan Applications Denied: 505
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 2,498
  5. % of Loan Applications Originated 69

Palmer, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio9
Credit history8
Credit application incomplete3
Unverifiable information2

Palmer, 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 - $100,000653 6516
$100,000 - $300,0002,666 7113
$300,000 - $500,000247 5919
$500,000 - $1,000,00016 4918

Palmer, 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 - $100,0002,573 6714
$100,000 - $300,000952 7311
$300,000 - $500,00043 6813
$500,000 - $1,000,00012 5825
$1,500,000 - $2,000,0001 00
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Palmer, 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%8655 23
30 - 60%17266 17
60 - 100%26870 14
100 - 200%95573 11
200 - 300%1,01172 11
300 - 400%66167 14
> 400%42957 22

Palmer, 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 Dwelling3,327 6913
Not Owner-Occupied As A Principal Dwelling242 6918
Not Applicable1 1000

Home Owner Property Type Statistics in Palmer, 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)3,339 6914
One To Four-Family191 765
Manufactured Housing52 6319
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