Top Saratoga, MN Mortgage Lenders

RankSaratoga Mortgage LenderSaratoga Home Loans ProcessedSaratoga Home Loans ApprovedSaratoga Home Loans DeniedSaratoga Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSaratoga Mortgage Median LTR for Denied Loans
1Eastwood Bank 178 83%6%
  • 189%
  • (140,000 Loan / $74,000 Income)
  • 186%
  • (280,000 Loan / $150,000 Income)
2Wells Fargo Bank 169 64%18%
  • 225%
  • (108,000 / $48,000)
  • 113%
  • (33,000 / $29,000)
3Merchants Bank 135 73%11%
  • 183%
  • (149,000 / $81,000)
  • 233%
  • (124,000 / $53,000)
4Affinity Plus Federal Credit U 58 58%5%
  • 88%
  • (62,000 / $70,000)
  • 230%
  • (138,000 / $60,000)
5United Guaranty Corporation 56 78%3%
  • 241%
  • (164,000 / $68,000)
  • 373%
  • (265,000 / $71,000)
6Think Mutual Bank 52 67%9%
  • 186%
  • (125,000 / $67,000)
  • 243%
  • (129,000 / $53,000)
7Beneficial Company Llc 50 8%78%
  • 241%
  • (186,000 / $77,000)
  • 261%
  • (162,000 / $62,000)
8Altra Federal Credit Union 38 76%5%
  • 195%
  • (117,000 / $60,000)
  • 158%
  • (68,000 / $43,000)
9Countrywide Bank Fsb 35 68%17%
  • 229%
  • (71,000 / $31,000)
  • 248%
  • (266,000 / $107,000)
10Mayo Employees Federal Cu 34 94%0%
  • 39%
  • (36,000 / $91,000)
0
11Genworth Mortgage Insurance Co 33 81%3%
  • 240%
  • (101,000 / $42,000)
  • 137%
  • (103,000 / $75,000)
12Home Federal Savings Bank 31 58%29%
  • 160%
  • (165,000 / $103,000)
  • 305%
  • (113,000 / $37,000)
13Associated Bank 31 70%19%
  • 229%
  • (110,000 / $48,000)
  • 26%
  • (25,000 / $96,000)
14Countrywide Home Loans 26 50%30%
  • 248%
  • (102,000 / $41,000)
  • 207%
  • (108,000 / $52,000)
15Citifinancial Services Inc 25 20%56%
  • 108%
  • (39,000 / $36,000)
  • 102%
  • (71,000 / $69,000)
16Agstar Financial Services 24 54%4%
  • 136%
  • (116,000 / $85,000)
  • 464%
  • (390,000 / $84,000)
17Citimortgage 23 86%0%
  • 312%
  • (172,000 / $55,000)
0
18Jpmorgan Chase Bank 20 85%10%
  • 165%
  • (116,000 / $70,000)
  • 245%
  • (270,000 / $110,000)
19Us Bank North Dakota 19 21%42%
  • 211%
  • (205,000 / $97,000)
  • 193%
  • (118,000 / $61,000)
20Us Bank 19 78%10%
  • 235%
  • (132,000 / $56,000)
  • 243%
  • (146,000 / $60,000)

Saratoga, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,479
  2. Loan Applications Denied: 271
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 934
  5. % of Loan Applications Originated 63

Saratoga, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral8
Debt-to-income ratio6
Unverifiable information1
Credit application incomplete1

Saratoga, 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 - $100,000496 6321
$100,000 - $300,000934 6216
$300,000 - $500,00046 4923
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0001 1000

Saratoga, 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 - $100,0001,256 6219
$100,000 - $300,000214 6512
$300,000 - $500,0004 1000
$500,000 - $1,000,0004 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Saratoga, 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%8869 22
30 - 60%10159 25
60 - 100%10663 18
100 - 200%36468 14
200 - 300%44964 14
300 - 400%24056 21
> 400%13148 29

Saratoga, 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 Dwelling1,436 6318
Not Owner-Occupied As A Principal Dwelling42 6419

Home Owner Property Type Statistics in Saratoga, 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)1,302 6119
One To Four-Family138 782
Manufactured Housing39 6130
More Saratoga, MN Mortgage Research: