Top Prescott, MN Mortgage Lenders

RankPrescott Mortgage LenderPrescott Home Loans ProcessedPrescott Home Loans ApprovedPrescott Home Loans DeniedPrescott Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPrescott Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 127 55%21%
  • 185%
  • (141,000 Loan / $76,000 Income)
  • 218%
  • (83,000 Loan / $38,000 Income)
2Agstar Financial Services 81 69%12%
  • 141%
  • (115,000 / $81,000)
  • 277%
  • (50,000 / $18,000)
3Wells Federal Bank 44 65%18%
  • 137%
  • (300,000 / $218,000)
  • 250%
  • (80,000 / $32,000)
4Mortgage Guaranty Insurance Co 24 70%0%
  • 166%
  • (130,000 / $78,000)
0
5Wells Fargo Fin'l Minnesota 22 36%50%
  • 206%
  • (99,000 / $48,000)
  • 213%
  • (111,000 / $52,000)
6Citifinancial Services Inc 18 66%5%
  • 181%
  • (49,000 / $27,000)
  • 46%
  • (15,000 / $32,000)
7Citimortgage 17 70%5% 0
  • 277%
  • (75,000 / $27,000)
8Countrywide Bank Fsb 12 75%25%
  • 294%
  • (112,000 / $38,000)
  • 254%
  • (79,000 / $31,000)
9Merchants Bank 11 90%0%
  • 169%
  • (132,000 / $78,000)
0
10Hfc Company Llc 11 0%90% 0
  • 144%
  • (68,000 / $47,000)
11Alliance Bank 11 72%18%
  • 124%
  • (158,000 / $127,000)
  • 26%
  • (7,000 / $26,000)
12Pioneer Bank 10 70%10%
  • 32%
  • (15,000 / $46,000)
  • 13%
  • (8,000 / $58,000)
13Equifirst Corporation 10 10%20%
  • 353%
  • (106,000 / $30,000)
  • 303%
  • (82,000 / $27,000)
14Beneficial Company Llc 10 0%100% 0
  • 177%
  • (85,000 / $48,000)
15Gmac Mortgage Llc 9 0%66% 0
  • 250%
  • (100,000 / $40,000)
16Embrace Home Loans, 9 0%66% 0
  • 352%
  • (180,000 / $51,000)
17Affinity Plus Federal Credit U 8 87%0%
  • 59%
  • (22,000 / $37,000)
0
18Wells Fargo Funding 7 100%0% 0 0
19Us Bank 7 100%0%
  • 115%
  • (211,000 / $182,000)
0
20Jpmorgan Chase Bank 6 83%16%
  • 572%
  • (212,000 / $37,000)
  • 173%
  • (113,000 / $65,000)

Prescott, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 643
  2. Loan Applications Denied: 145
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 368
  5. % of Loan Applications Originated 57

Prescott, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Debt-to-income ratio10
Collateral7
Credit application incomplete2
Mortgage insurance denied1

Prescott, 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 - $100,000397 5124
$100,000 - $300,000233 6717
$300,000 - $500,00013 3838

Prescott, 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 - $100,000572 5622
$100,000 - $300,00068 5222
$300,000 - $500,0002 1000
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Prescott, 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%2736 37
30 - 60%5361 18
60 - 100%7353 17
100 - 200%20263 15
200 - 300%18160 24
300 - 400%7243 36
> 400%3542 28

Prescott, 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 Dwelling599 5722
Not Owner-Occupied As A Principal Dwelling37 5924
Not Applicable1 0100

Home Owner Property Type Statistics in Prescott, 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)586 5524
One To Four-Family47 742
Manufactured Housing10 6020
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