Top Shafer, MN Mortgage Lenders

RankShafer Mortgage LenderShafer Home Loans ProcessedShafer Home Loans ApprovedShafer Home Loans DeniedShafer Mortgage Median Loan to Income Ratio (LTR) for Approved LoansShafer Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 230 60%21%
  • 238%
  • (186,000 Loan / $78,000 Income)
  • 204%
  • (98,000 Loan / $48,000 Income)
2The Riverbank 107 89%5%
  • 208%
  • (165,000 / $79,000)
  • 242%
  • (119,000 / $49,000)
3Jpmorgan Chase Bank 73 84%15%
  • 302%
  • (106,000 / $35,000)
  • 237%
  • (83,000 / $35,000)
4Affinity Plus Federal Credit U 54 70%3%
  • 141%
  • (89,000 / $63,000)
  • 127%
  • (119,000 / $93,000)
5Us Bank 53 73%18%
  • 272%
  • (166,000 / $61,000)
  • 335%
  • (218,000 / $65,000)
6Bank Of America 50 74%18%
  • 233%
  • (231,000 / $99,000)
  • 243%
  • (73,000 / $30,000)
7Citimortgage 45 71%13%
  • 269%
  • (105,000 / $39,000)
  • 268%
  • (134,000 / $50,000)
8Mortgage Guaranty Insurance Co 35 68%8%
  • 367%
  • (147,000 / $40,000)
  • 457%
  • (128,000 / $28,000)
9Associated Bank 35 62%28%
  • 218%
  • (120,000 / $55,000)
  • 204%
  • (100,000 / $49,000)
10Countrywide Bank Fsb 34 76%14%
  • 250%
  • (178,000 / $71,000)
  • 382%
  • (153,000 / $40,000)
11Lake Area Bank 33 66%24%
  • 283%
  • (119,000 / $42,000)
  • 265%
  • (371,000 / $140,000)
12Citibank 31 74%9%
  • 188%
  • (117,000 / $62,000)
  • 172%
  • (124,000 / $72,000)
13Tcf National Bank 29 17%55%
  • 191%
  • (193,000 / $101,000)
  • 425%
  • (230,000 / $54,000)
14Agstar Financial Services 27 51%14%
  • 218%
  • (249,000 / $114,000)
  • 375%
  • (255,000 / $68,000)
15First State Bank Of Wyoming 24 79%16%
  • 271%
  • (122,000 / $45,000)
  • 342%
  • (65,000 / $19,000)
16Countrywide Home Loans 22 77%13%
  • 320%
  • (77,000 / $24,000)
  • 233%
  • (152,000 / $65,000)
17Wells Fargo Funding 20 95%5%
  • 250%
  • (281,000 / $112,000)
  • 103%
  • (112,000 / $108,000)
18Beneficial Company Llc 20 0%70% 0
  • 396%
  • (210,000 / $53,000)
19Hiway Federal Credit Union 19 73%10%
  • 176%
  • (88,000 / $50,000)
  • 286%
  • (126,000 / $44,000)
20Us Bank North Dakota 18 38%50%
  • 66%
  • (70,000 / $105,000)
  • 193%
  • (85,000 / $44,000)

Shafer, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,754
  2. Loan Applications Denied: 363
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,082
  5. % of Loan Applications Originated 61

Shafer, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history12
Debt-to-income ratio8
Credit application incomplete4
Unverifiable information2

Shafer, 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 - $100,000486 6419
$100,000 - $300,0001,137 6020
$300,000 - $500,000118 4926
$500,000 - $1,000,00012 5033
$1,000,000 - $1,500,0001 1000

Shafer, 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 - $100,0001,425 6121
$100,000 - $300,000312 6118
$300,000 - $500,0008 7525
$500,000 - $1,000,0005 800
$1,000,000 - $1,500,0002 00
$1,500,000 - $2,000,0001 0100
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Shafer, 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%6860 26
30 - 60%9359 21
60 - 100%9765 19
100 - 200%40661 18
200 - 300%47262 18
300 - 400%38963 18
> 400%22951 29

Shafer, 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 Dwelling1,664 6120
Not Owner-Occupied As A Principal Dwelling81 6417
Not Applicable1 0100

Home Owner Property Type Statistics in Shafer, 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)1,621 6121
One To Four-Family104 687
Manufactured Housing29 4434
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