Top Penn, MN Mortgage Lenders

RankPenn Mortgage LenderPenn Home Loans ProcessedPenn Home Loans ApprovedPenn Home Loans DeniedPenn Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPenn Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 231 59%21%
  • 195%
  • (182,000 Loan / $93,000 Income)
  • 216%
  • (201,000 Loan / $93,000 Income)
2First Minnesota Bank 43 69%13%
  • 89%
  • (34,000 / $38,000)
  • 108%
  • (65,000 / $60,000)
3Cornerstone Mortgage Company 39 92%2%
  • 248%
  • (72,000 / $29,000)
  • 200%
  • (88,000 / $44,000)
4Us Bank 37 75%16%
  • 163%
  • (100,000 / $61,000)
  • 250%
  • (75,000 / $30,000)
5Midcountry Bank 36 66%13%
  • 154%
  • (125,000 / $81,000)
  • 166%
  • (120,000 / $72,000)
6Jpmorgan Chase Bank 35 71%17%
  • 145%
  • (80,000 / $55,000)
  • 300%
  • (168,000 / $56,000)
7Novationcreditunion 33 66%6%
  • 49%
  • (30,000 / $61,000)
  • 150%
  • (77,000 / $51,000)
8Countrywide Bank Fsb 24 95%4%
  • 260%
  • (242,000 / $93,000)
  • 370%
  • (174,000 / $47,000)
9Wells Fargo Fin'l Minnesota 20 15%65%
  • 309%
  • (127,000 / $41,000)
  • 321%
  • (167,000 / $52,000)
10Agstar Financial Services 19 63%0%
  • 230%
  • (191,000 / $83,000)
0
11Citimortgage 18 88%5%
  • 29%
  • (26,000 / $89,000)
  • 27%
  • (82,000 / $300,000)
12Bank Of America 18 66%22%
  • 565%
  • (113,000 / $20,000)
  • 226%
  • (129,000 / $57,000)
13Citibank 17 52%29%
  • 178%
  • (164,000 / $92,000)
  • 127%
  • (153,000 / $120,000)
14Countrywide Home Loans 15 86%6%
  • 142%
  • (138,000 / $97,000)
  • 220%
  • (128,000 / $58,000)
15Beneficial Company Llc 14 7%64%
  • 229%
  • (85,000 / $37,000)
  • 215%
  • (177,000 / $82,000)
16Phh Mortgage Corporation 13 84%7%
  • 210%
  • (147,000 / $70,000)
  • 353%
  • (53,000 / $15,000)
17Hfc Company Llc 13 7%69%
  • 108%
  • (61,000 / $56,000)
  • 225%
  • (99,000 / $44,000)
18Embrace Home Loans, 12 0%58% 0
  • 160%
  • (56,000 / $35,000)
19Citifinancial Services Inc 12 33%41%
  • 140%
  • (69,000 / $49,000)
  • 296%
  • (86,000 / $29,000)
20Wells Fargo Funding 10 100%0% 0 0

Penn, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 937
  2. Loan Applications Denied: 196
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 560
  5. % of Loan Applications Originated 59

Penn, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral28
Credit history24
Debt-to-income ratio16
Credit application incomplete8
Insufficient cash (downpayment, closing costs)2

Penn, 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 - $100,000434 5722
$100,000 - $300,000490 6019
$300,000 - $500,00013 617

Penn, 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 - $100,000838 5821
$100,000 - $300,00094 6513
$300,000 - $500,0002 1000
> $2,000,0003 990

Loan to Income Ratios Research for Mortgage in Penn, 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%4064 17
30 - 60%7351 26
60 - 100%7860 23
100 - 200%26966 16
200 - 300%24359 20
300 - 400%15456 24
> 400%8045 27

Penn, 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 Dwelling892 5920
Not Owner-Occupied As A Principal Dwelling42 5926
Not Applicable3 6633

Home Owner Property Type Statistics in Penn, 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)917 5920
Manufactured Housing20 5040
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