Top Rock Springs, NM Mortgage Lenders

RankRock Springs Mortgage LenderRock Springs Home Loans ProcessedRock Springs Home Loans ApprovedRock Springs Home Loans DeniedRock Springs Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRock Springs Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 31 9%67%
  • 12%
  • (2,000 Loan / $16,000 Income)
  • 17%
  • (3,000 Loan / $17,000 Income)
2Us Bank 18 27%72%
  • 140%
  • (49,000 / $35,000)
  • 200%
  • (38,000 / $19,000)
3First Community Bank 13 38%53%
  • 27%
  • (35,000 / $128,000)
  • 18%
  • (2,000 / $11,000)
4Countrywide Bank Fsb 13 84%15%
  • 212%
  • (102,000 / $48,000)
  • 168%
  • (133,000 / $79,000)
5Wells Fargo Fin'l New Mexico 10 10%70%
  • 81%
  • (77,000 / $94,000)
  • 102%
  • (45,000 / $44,000)
6Washington Federal S&L 10 60%10%
  • 144%
  • (84,000 / $58,000)
  • 20%
  • (4,000 / $20,000)
7Phh Mortgage Corporation 10 40%40%
  • 151%
  • (79,000 / $52,000)
  • 122%
  • (115,000 / $94,000)
8Countrywide Home Loans 10 80%10%
  • 159%
  • (250,000 / $157,000)
  • 97%
  • (117,000 / $120,000)
9Bank Of Colorado 10 80%20%
  • 153%
  • (95,000 / $62,000)
  • 230%
  • (60,000 / $26,000)
10Bank Of America 10 20%60%
  • 185%
  • (78,000 / $42,000)
  • 155%
  • (112,000 / $72,000)
11Citifinancial, 9 22%55%
  • 132%
  • (45,000 / $34,000)
  • 96%
  • (30,000 / $31,000)
12Origen Financial Services Llc 6 16%83%
  • 133%
  • (44,000 / $33,000)
  • 128%
  • (54,000 / $42,000)
13New Day Financial, Llc 6 16%50%
  • 247%
  • (181,000 / $73,000)
  • 377%
  • (132,000 / $35,000)
14Jpmorgan Chase Bank 5 80%20%
  • 273%
  • (197,000 / $72,000)
  • 260%
  • (125,000 / $48,000)
15Extraco Mortgage 5 40%0%
  • 263%
  • (137,000 / $52,000)
0
16Embrace Home Loans, 5 0%60% 0
  • 173%
  • (90,000 / $52,000)
17Countryplace Mortgage, Ltd. 5 20%20%
  • 125%
  • (84,000 / $67,000)
  • 150%
  • (60,000 / $40,000)
18Citimortgage 5 80%0% 0 0
19Beneficial Company Llc 5 0%60% 0
  • 282%
  • (99,000 / $35,000)
20United Guaranty Corporation 4 50%0%
  • 456%
  • (356,000 / $78,000)
0

Rock Springs, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 263
  2. Loan Applications Denied: 105
  3. % of Loan Applications Denied: 39
  4. # of Loan Originations: 98
  5. % of Loan Applications Originated 37

Rock Springs, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history38
Debt-to-income ratio15
Collateral14
Unverifiable information0
Insufficient cash (downpayment, closing costs)0

Rock Springs, NM Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000149 2855
$100,000 - $300,00099 4422
$300,000 - $500,00015 666

Rock Springs, NM Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000221 3144
$100,000 - $300,00042 6114

Loan to Income Ratios Research for Mortgage in Rock Springs, NM

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%3619 63
30 - 60%1716 47
60 - 100%2832 53
100 - 200%9242 34
200 - 300%5948 30
300 - 400%2020 30
> 400%1154 27

Rock Springs, NM 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 Dwelling247 3739
Not Owner-Occupied As A Principal Dwelling14 3550
Not Applicable2 500

Home Owner Property Type Statistics in Rock Springs, NM 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)161 4034
Manufactured Housing95 3250
One To Four-Family7 2814
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