Top Scandia, MN Mortgage Lenders

RankScandia Mortgage LenderScandia Home Loans ProcessedScandia Home Loans ApprovedScandia Home Loans DeniedScandia Mortgage Median Loan to Income Ratio (LTR) for Approved LoansScandia Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 374 65%13%
  • 201%
  • (212,000 Loan / $105,000 Income)
  • 222%
  • (323,000 Loan / $145,000 Income)
2Jpmorgan Chase Bank 102 83%15%
  • 234%
  • (108,000 / $46,000)
  • 236%
  • (187,000 / $79,000)
3Us Bank 100 78%11%
  • 280%
  • (160,000 / $57,000)
  • 334%
  • (298,000 / $89,000)
4Affinity Plus Federal Credit U 62 74%0%
  • 125%
  • (75,000 / $60,000)
0
5Bank Of America 54 68%16%
  • 321%
  • (270,000 / $84,000)
  • 344%
  • (310,000 / $90,000)
6Citimortgage 52 80%5%
  • 262%
  • (260,000 / $99,000)
  • 282%
  • (650,000 / $230,000)
7Countrywide Bank Fsb 45 77%15%
  • 257%
  • (270,000 / $105,000)
  • 358%
  • (172,000 / $48,000)
8Security State Bank Of Marine 35 88%11%
  • 166%
  • (100,000 / $60,000)
  • 346%
  • (329,000 / $95,000)
9Tcf National Bank 34 29%41%
  • 312%
  • (256,000 / $82,000)
  • 446%
  • (125,000 / $28,000)
10Wells Fargo Funding 32 96%3%
  • 292%
  • (120,000 / $41,000)
  • 314%
  • (157,000 / $50,000)
11Provident Funding Associates 32 65%18%
  • 203%
  • (212,000 / $104,000)
  • 277%
  • (266,000 / $96,000)
12Us Bk Na Nd 27 59%25%
  • 136%
  • (164,000 / $120,000)
  • 357%
  • (379,000 / $106,000)
13Citibank 27 74%7%
  • 188%
  • (100,000 / $53,000)
  • 269%
  • (388,000 / $144,000)
14Countrywide Home Loans 24 87%0%
  • 337%
  • (206,000 / $61,000)
0
15Us Bank North Dakota 23 34%56%
  • 231%
  • (206,000 / $89,000)
  • 200%
  • (208,000 / $104,000)
16Summit Mortgage Corporation 23 86%13%
  • 304%
  • (228,000 / $75,000)
  • 317%
  • (317,000 / $100,000)
17New Day Financial, Llc 22 0%13% 0
  • 344%
  • (238,000 / $69,000)
18Guaranteed Rate Inc 21 90%0%
  • 247%
  • (470,000 / $190,000)
0
19Lake Area Bank 20 60%15%
  • 178%
  • (75,000 / $42,000)
  • 770%
  • (239,000 / $31,000)
20C.U. Mortgage Services, 20 60%10%
  • 206%
  • (151,000 / $73,000)
  • 501%
  • (261,000 / $52,000)

Scandia, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,907
  2. Loan Applications Denied: 293
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,263
  5. % of Loan Applications Originated 66

Scandia, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Debt-to-income ratio16
Credit history8
Credit application incomplete7
Unverifiable information5

Scandia, 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 - $100,000273 6317
$100,000 - $300,0001,197 6812
$300,000 - $500,000393 5918
$500,000 - $1,000,00041 4039
$1,500,000 - $2,000,0003 6633

Scandia, 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 - $100,0001,145 6416
$100,000 - $300,000702 6614
$300,000 - $500,00036 6016
$500,000 - $1,000,00022 850
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Scandia, 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%4757 23
30 - 60%9872 10
60 - 100%12867 14
100 - 200%46269 12
200 - 300%51569 10
300 - 400%38063 14
> 400%27753 30

Scandia, 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 Dwelling1,809 6615
Not Owner-Occupied As A Principal Dwelling96 6815
Not Applicable1 1000

Home Owner Property Type Statistics in Scandia, 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)1,864 6615
One To Four-Family41 732
Manufactured Housing2 5050
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