Top Savannah, MN Mortgage Lenders

RankSavannah Mortgage LenderSavannah Home Loans ProcessedSavannah Home Loans ApprovedSavannah Home Loans DeniedSavannah Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSavannah Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 159 52%18%
  • 190%
  • (274,000 Loan / $144,000 Income)
  • 180%
  • (90,000 Loan / $50,000 Income)
2State Bank & Trust 69 81%8%
  • 120%
  • (48,000 / $40,000)
  • 203%
  • (110,000 / $54,000)
3Northwoods Bank Of Minnesota 61 90%9%
  • 120%
  • (47,000 / $39,000)
  • 186%
  • (97,000 / $52,000)
4Jpmorgan Chase Bank 58 70%22%
  • 170%
  • (340,000 / $200,000)
  • 180%
  • (56,000 / $31,000)
5Bremer Bank Na (Fargo) 56 76%10%
  • 163%
  • (85,000 / $52,000)
  • 123%
  • (167,000 / $135,000)
6Citimortgage 55 78%5%
  • 241%
  • (280,000 / $116,000)
  • 129%
  • (48,000 / $37,000)
7Us Bank 52 65%28%
  • 230%
  • (129,000 / $56,000)
  • 251%
  • (113,000 / $45,000)
8Midwest Bank 45 84%8%
  • 148%
  • (144,000 / $97,000)
  • 176%
  • (125,000 / $71,000)
9Nationstar Mortgage Llc 37 2%54%
  • 420%
  • (282,000 / $67,000)
  • 435%
  • (279,000 / $64,000)
10Bank Of America 22 63%27%
  • 186%
  • (168,000 / $90,000)
  • 222%
  • (160,000 / $72,000)
11Countrywide Bank Fsb 20 75%15%
  • 195%
  • (90,000 / $46,000)
  • 336%
  • (155,000 / $46,000)
12Gate City Bank 19 94%0%
  • 103%
  • (212,000 / $204,000)
0
13Countrywide Home Loans 19 68%26%
  • 197%
  • (89,000 / $45,000)
  • 220%
  • (297,000 / $135,000)
14Mortgage Guaranty Insurance Co 15 53%26%
  • 219%
  • (307,000 / $140,000)
  • 195%
  • (221,000 / $113,000)
15Merchants Bank 15 100%0%
  • 220%
  • (110,000 / $50,000)
0
16Citifinancial Services Inc 14 50%42%
  • 206%
  • (136,000 / $66,000)
  • 429%
  • (73,000 / $17,000)
17Citibank 14 57%28%
  • 223%
  • (141,000 / $63,000)
  • 102%
  • (185,000 / $180,000)
18Affinity Plus Federal Credit U 13 46%15%
  • 164%
  • (204,000 / $124,000)
  • 230%
  • (76,000 / $33,000)
19Northwestern Bank 12 75%25%
  • 65%
  • (44,000 / $67,000)
  • 245%
  • (125,000 / $51,000)
20Washington Mutual Bank 11 63%18%
  • 292%
  • (120,000 / $41,000)
  • 318%
  • (175,000 / $55,000)

Savannah, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,166
  2. Loan Applications Denied: 217
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 756
  5. % of Loan Applications Originated 64

Savannah, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history15
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information2

Savannah, 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 - $100,000384 6222
$100,000 - $300,000699 6517
$300,000 - $500,00081 679
$500,000 - $1,000,0002 1000

Savannah, 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 - $100,000826 6022
$100,000 - $300,000302 7210
$300,000 - $500,00030 923
$500,000 - $1,000,0003 330
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Savannah, 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%4875 14
30 - 60%7569 24
60 - 100%13774 10
100 - 200%35868 15
200 - 300%26463 19
300 - 400%16062 16
> 400%12440 36

Savannah, 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 Dwelling836 5922
Not Owner-Occupied As A Principal Dwelling315 788
Not Applicable2 1000

Home Owner Property Type Statistics in Savannah, 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)1,091 6418
One To Four-Family44 689
Manufactured Housing31 7025
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