Top Reynolds, MN Mortgage Lenders

RankReynolds Mortgage LenderReynolds Home Loans ProcessedReynolds Home Loans ApprovedReynolds Home Loans DeniedReynolds Mortgage Median Loan to Income Ratio (LTR) for Approved LoansReynolds Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 201 59%16%
  • 215%
  • (97,000 Loan / $45,000 Income)
  • 256%
  • (59,000 Loan / $23,000 Income)
2Jpmorgan Chase Bank 138 84%11%
  • 237%
  • (64,000 / $27,000)
  • 285%
  • (154,000 / $54,000)
3Central Minnesota Cu 116 85%6%
  • 111%
  • (57,000 / $51,000)
  • 157%
  • (30,000 / $19,000)
4Central Mn Cu 62 74%11%
  • 143%
  • (105,000 / $73,000)
  • 188%
  • (128,000 / $68,000)
5Countrywide Bank Fsb 61 67%24%
  • 262%
  • (176,000 / $67,000)
  • 201%
  • (113,000 / $56,000)
6Beneficial Company Llc 58 1%77%
  • 182%
  • (161,000 / $88,000)
  • 230%
  • (180,000 / $78,000)
7American Heritage Natl Bank 58 68%24%
  • 92%
  • (26,000 / $28,000)
  • 126%
  • (29,000 / $23,000)
8Citimortgage 47 85%6%
  • 350%
  • (140,000 / $40,000)
  • 237%
  • (95,000 / $40,000)
9Agstar Financial Services 41 78%4%
  • 142%
  • (98,000 / $69,000)
  • 431%
  • (220,000 / $51,000)
10Unity Bank 39 71%25%
  • 96%
  • (76,000 / $79,000)
  • 153%
  • (100,000 / $65,000)
11Us Bank North Dakota 37 18%43%
  • 162%
  • (109,000 / $67,000)
  • 167%
  • (72,000 / $43,000)
12Countrywide Home Loans 37 86%10%
  • 266%
  • (160,000 / $60,000)
  • 214%
  • (103,000 / $48,000)
13Bank Of America 33 69%9%
  • 232%
  • (135,000 / $58,000)
  • 486%
  • (209,000 / $43,000)
14Embrace Home Loans, 29 3%51%
  • 180%
  • (90,000 / $50,000)
  • 202%
  • (71,000 / $35,000)
15Affinity Plus Federal Credit U 23 60%17%
  • 112%
  • (124,000 / $110,000)
  • 158%
  • (157,000 / $99,000)
16Washington Mutual Bank 22 90%9%
  • 280%
  • (140,000 / $50,000)
  • 300%
  • (120,000 / $40,000)
17Citibank 22 72%18% 0
  • 167%
  • (117,000 / $70,000)
18Us Bank 21 90%4%
  • 250%
  • (358,000 / $143,000)
  • 368%
  • (140,000 / $38,000)
19Radian Guaranty 20 95%0%
  • 226%
  • (59,000 / $26,000)
0
20Gmac Mortgage Llc 20 10%50%
  • 94%
  • (80,000 / $85,000)
  • 379%
  • (110,000 / $29,000)

Reynolds, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,699
  2. Loan Applications Denied: 340
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,070
  5. % of Loan Applications Originated 62

Reynolds, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history11
Debt-to-income ratio9
Credit application incomplete2
Unverifiable information1

Reynolds, 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 - $100,000792 6120
$100,000 - $300,000888 6319
$300,000 - $500,00019 7810

Reynolds, 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 - $100,0001,482 6021
$100,000 - $300,000205 759
$300,000 - $500,0007 990
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Reynolds, 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%6568 16
30 - 60%12368 16
60 - 100%15866 17
100 - 200%48564 17
200 - 300%47664 18
300 - 400%26057 24
> 400%13243 34

Reynolds, 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 Dwelling1,479 6121
Not Owner-Occupied As A Principal Dwelling207 7510
Not Applicable2 0100

Home Owner Property Type Statistics in Reynolds, 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)1,541 6220
One To Four-Family88 817
Manufactured Housing70 5730
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