Top Shakopee, MN Mortgage Lenders

RankShakopee Mortgage LenderShakopee Home Loans ProcessedShakopee Home Loans ApprovedShakopee Home Loans DeniedShakopee Mortgage Median Loan to Income Ratio (LTR) for Approved LoansShakopee Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 5,478 71%12%
  • 219%
  • (259,000 Loan / $118,000 Income)
  • 222%
  • (111,000 Loan / $50,000 Income)
2Jpmorgan Chase Bank 1,344 89%9%
  • 228%
  • (267,000 / $117,000)
  • 220%
  • (243,000 / $110,000)
3Us Bank 889 79%10%
  • 240%
  • (154,000 / $64,000)
  • 234%
  • (185,000 / $79,000)
4Bank Of America 801 80%9%
  • 238%
  • (322,000 / $135,000)
  • 266%
  • (149,000 / $56,000)
5Citimortgage 651 84%5%
  • 234%
  • (150,000 / $64,000)
  • 279%
  • (417,000 / $149,000)
6Wells Fargo Funding 591 99%0%
  • 220%
  • (172,000 / $78,000)
  • 156%
  • (308,000 / $197,000)
7Countrywide Bank Fsb 490 71%17%
  • 238%
  • (148,000 / $62,000)
  • 275%
  • (226,000 / $82,000)
8Citibank 473 71%12%
  • 194%
  • (97,000 / $50,000)
  • 171%
  • (60,000 / $35,000)
9Bell America Mortgage Llc Dba 367 77%1%
  • 275%
  • (190,000 / $69,000)
  • 308%
  • (244,000 / $79,000)
10Mortgage Guaranty Insurance Co 352 72%6%
  • 274%
  • (302,000 / $110,000)
  • 287%
  • (190,000 / $66,000)
11Countrywide Home Loans 347 80%12%
  • 267%
  • (214,000 / $80,000)
  • 219%
  • (180,000 / $82,000)
12Summit Mortgage Corporation 327 86%3%
  • 252%
  • (296,000 / $117,000)
  • 326%
  • (137,000 / $42,000)
13United Guaranty Corporation 324 80%4%
  • 261%
  • (162,000 / $62,000)
  • 298%
  • (227,000 / $76,000)
14The Business Bank 301 94%3%
  • 251%
  • (156,000 / $62,000)
  • 340%
  • (68,000 / $20,000)
15Tcf National Bank 299 27%43%
  • 215%
  • (425,000 / $197,000)
  • 287%
  • (178,000 / $62,000)
16Radian Guaranty 293 79%1%
  • 281%
  • (155,000 / $55,000)
  • 233%
  • (147,000 / $63,000)
17State Bank & Trust 264 82%2%
  • 254%
  • (417,000 / $164,000)
  • 270%
  • (138,000 / $51,000)
18Phh Home Loans 252 81%4%
  • 272%
  • (60,000 / $22,000)
  • 277%
  • (264,000 / $95,000)
19Quicken Loans 247 73%21%
  • 225%
  • (149,000 / $66,000)
  • 296%
  • (163,000 / $55,000)
20Provident Funding Associates 246 65%17%
  • 262%
  • (210,000 / $80,000)
  • 310%
  • (233,000 / $75,000)

Shakopee, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 23,980
  2. Loan Applications Denied: 3,429
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 16,742
  5. % of Loan Applications Originated 69

Shakopee, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio7
Credit history6
Credit application incomplete4
Unverifiable information1

Shakopee, 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 - $100,0003,376 6319
$100,000 - $300,00016,778 7113
$300,000 - $500,0003,660 6714
$500,000 - $1,000,000149 4628
$1,000,000 - $1,500,00015 2053
$1,500,000 - $2,000,0001 00
> $2,000,0001 0100

Shakopee, 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 - $100,00015,626 6815
$100,000 - $300,0008,005 7111
$300,000 - $500,000215 6221
$500,000 - $1,000,00099 5822
$1,000,000 - $1,500,00026 4923
$1,500,000 - $2,000,0003 990
> $2,000,0006 990

Loan to Income Ratios Research for Mortgage in Shakopee, 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%65057 25
30 - 60%93058 21
60 - 100%1,33766 16
100 - 200%5,72871 11
200 - 300%7,72573 11
300 - 400%4,58470 13
> 400%3,02660 21

Shakopee, 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 Dwelling22,848 7014
Not Owner-Occupied As A Principal Dwelling1,072 6618
Not Applicable8 6237

Home Owner Property Type Statistics in Shakopee, 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)22,385 6914
One To Four-Family1,525 773
Manufactured Housing70 2748
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