Top Scott, MN Mortgage Lenders

RankScott Mortgage LenderScott Home Loans ProcessedScott Home Loans ApprovedScott Home Loans DeniedScott Mortgage Median Loan to Income Ratio (LTR) for Approved LoansScott Mortgage Median LTR for Denied Loans
1Riverwood Bank 56 71%7%
  • 152%
  • (108,000 Loan / $71,000 Income)
  • 116%
  • (35,000 Loan / $30,000 Income)
2Wells Fargo Bank 27 92%0%
  • 179%
  • (104,000 / $58,000)
0
3Bank Of The West 24 83%16%
  • 134%
  • (200,000 / $149,000)
  • 281%
  • (155,000 / $55,000)
4Jpmorgan Chase Bank 12 75%16% 0
  • 159%
  • (59,000 / $37,000)
5Citimortgage 10 80%10%
  • 183%
  • (134,000 / $73,000)
  • 466%
  • (140,000 / $30,000)
6Countrywide Bank Fsb 8 100%0%
  • 272%
  • (272,000 / $100,000)
0
7Citibank 6 50%50%
  • 166%
  • (110,000 / $66,000)
  • 32%
  • (33,000 / $103,000)
8Affinity Plus Federal Credit U 6 83%0%
  • 68%
  • (40,000 / $58,000)
0
9Mortgage Guaranty Insurance Co 5 60%20%
  • 184%
  • (59,000 / $32,000)
  • 227%
  • (50,000 / $22,000)
10Countrywide Home Loans 5 100%0%
  • 200%
  • (122,000 / $61,000)
0
11Gmac Mortgage Llc 4 0%100% 0
  • 208%
  • (102,000 / $49,000)
12First Hawaiian Bank 4 100%0%
  • 166%
  • (90,000 / $54,000)
0
13Bank Of America 4 50%25%
  • 36%
  • (179,000 / $487,000)
  • 87%
  • (77,000 / $88,000)
14Us Bank 3 100%0%
  • 192%
  • (108,000 / $56,000)
0
15Quicken Loans 3 33%66%
  • 155%
  • (215,000 / $138,000)
  • 153%
  • (63,000 / $41,000)
16Metlife Bank 3 100%0%
  • 250%
  • (145,000 / $58,000)
0
17Genworth Mortgage Insurance Co 3 100%0%
  • 183%
  • (68,000 / $37,000)
0
18First Federal Bank Of Florida 3 33%33%
  • 202%
  • (89,000 / $44,000)
  • 219%
  • (79,000 / $36,000)
19Embrace Home Loans, 3 0%0% 0 0
20Beneficial Company Llc 3 33%66%
  • 88%
  • (31,000 / $35,000)
  • 316%
  • (190,000 / $60,000)

Scott, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 237
  2. Loan Applications Denied: 38
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 164
  5. % of Loan Applications Originated 69

Scott, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history9
Credit application incomplete7
Debt-to-income ratio6
Unverifiable information3

Scott, 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 - $100,000132 7119
$100,000 - $300,000101 6710
$300,000 - $500,0002 5050
$500,000 - $1,000,0002 00

Scott, 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 - $100,000206 6816
$100,000 - $300,00028 7410
$300,000 - $500,0002 500
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Scott, 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%1172 18
30 - 60%2075 15
60 - 100%2479 16
100 - 200%9774 12
200 - 300%5064 18
300 - 400%2449 16
> 400%1145 36

Scott, 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 Dwelling220 6915
Not Owner-Occupied As A Principal Dwelling14 7121
Not Applicable1 1000

Home Owner Property Type Statistics in Scott, 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)221 7015
One To Four-Family11 639
Manufactured Housing5 4060
More Scott, MN Mortgage Research: