Top Pine Island, MN Mortgage Lenders

RankPine Island Mortgage LenderPine Island Home Loans ProcessedPine Island Home Loans ApprovedPine Island Home Loans DeniedPine Island Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPine Island Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,629 69%14%
  • 202%
  • (198,000 Loan / $98,000 Income)
  • 192%
  • (77,000 Loan / $40,000 Income)
2Affinity Plus Federal Credit U 591 58%8%
  • 104%
  • (48,000 / $46,000)
  • 260%
  • (120,000 / $46,000)
3Think Mutual Bank 566 70%7%
  • 136%
  • (284,000 / $208,000)
  • 140%
  • (179,000 / $127,000)
4Us Bank 275 78%14%
  • 235%
  • (198,000 / $84,000)
  • 252%
  • (260,000 / $103,000)
5Jpmorgan Chase Bank 254 83%13%
  • 234%
  • (281,000 / $120,000)
  • 222%
  • (180,000 / $81,000)
6Bank Of America 205 71%20%
  • 243%
  • (353,000 / $145,000)
  • 257%
  • (417,000 / $162,000)
7Countrywide Bank Fsb 201 74%15%
  • 261%
  • (81,000 / $31,000)
  • 248%
  • (129,000 / $52,000)
8Citimortgage 182 75%8%
  • 257%
  • (144,000 / $56,000)
  • 268%
  • (134,000 / $50,000)
9Home Federal Savings Bank 164 60%11%
  • 196%
  • (118,000 / $60,000)
  • 208%
  • (225,000 / $108,000)
10Eastwood Bank 140 80%8%
  • 179%
  • (240,000 / $134,000)
  • 176%
  • (205,000 / $116,000)
11Qr Lending Inc 135 65%11%
  • 206%
  • (242,000 / $117,000)
  • 263%
  • (190,000 / $72,000)
12Mortgage Guaranty Insurance Co 114 72%10%
  • 258%
  • (240,000 / $93,000)
  • 307%
  • (400,000 / $130,000)
13Countrywide Home Loans 109 76%13%
  • 252%
  • (512,000 / $203,000)
  • 307%
  • (172,000 / $56,000)
14Agstar Financial Services 108 61%4%
  • 267%
  • (342,000 / $128,000)
  • 200%
  • (88,000 / $44,000)
15Merchants Bank 107 74%8%
  • 235%
  • (186,000 / $79,000)
  • 268%
  • (180,000 / $67,000)
16Beneficial Company Llc 107 10%78%
  • 150%
  • (96,000 / $64,000)
  • 276%
  • (127,000 / $46,000)
17Genworth Mortgage Insurance Co 104 70%2%
  • 270%
  • (157,000 / $58,000)
  • 234%
  • (54,000 / $23,000)
18United Guaranty Corporation 102 70%7%
  • 272%
  • (199,000 / $73,000)
  • 368%
  • (254,000 / $69,000)
19Mayo Employees Federal Cu 99 88%8%
  • 41%
  • (86,000 / $206,000)
  • 184%
  • (146,000 / $79,000)
20Wells Fargo Funding 88 98%1%
  • 197%
  • (217,000 / $110,000)
  • 296%
  • (80,000 / $27,000)

Pine Island, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,755
  2. Loan Applications Denied: 1,382
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 5,776
  5. % of Loan Applications Originated 65

Pine Island, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history12
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Pine Island, 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 - $100,0002,597 6219
$100,000 - $300,0005,130 6714
$300,000 - $500,000942 6712
$500,000 - $1,000,00079 5127
$1,000,000 - $1,500,0007 2842

Pine Island, 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 - $100,0006,035 6218
$100,000 - $300,0002,567 7010
$300,000 - $500,000111 7811
$500,000 - $1,000,00034 758
$1,000,000 - $1,500,0006 500
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Pine Island, 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%42265 21
30 - 60%51968 15
60 - 100%64466 15
100 - 200%2,46869 12
200 - 300%2,51865 14
300 - 400%1,39163 16
> 400%79354 24

Pine Island, 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 Dwelling8,338 6515
Not Owner-Occupied As A Principal Dwelling391 6618
Not Applicable6 660

Home Owner Property Type Statistics in Pine Island, 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)8,077 6515
One To Four-Family507 765
Manufactured Housing171 4736
More Pine Island, MN Mortgage Research: