Top Sherburn, MN Mortgage Lenders

RankSherburn Mortgage LenderSherburn Home Loans ProcessedSherburn Home Loans ApprovedSherburn Home Loans DeniedSherburn Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSherburn Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 607 60%17%
  • 174%
  • (213,000 Loan / $122,000 Income)
  • 158%
  • (108,000 Loan / $68,000 Income)
2Friend Bank 183 89%6%
  • 102%
  • (106,000 / $103,000)
  • 173%
  • (99,000 / $57,000)
3Jpmorgan Chase Bank 167 82%14%
  • 217%
  • (176,000 / $81,000)
  • 186%
  • (140,000 / $75,000)
4Roundbank 141 83%4%
  • 116%
  • (99,000 / $85,000)
  • 239%
  • (235,000 / $98,000)
5Agstar Financial Services 132 69%4%
  • 188%
  • (147,000 / $78,000)
  • 508%
  • (183,000 / $36,000)
6Countrywide Bank Fsb 123 73%15%
  • 211%
  • (95,000 / $45,000)
  • 243%
  • (207,000 / $85,000)
7Genworth Mortgage Insurance Co 118 45%3%
  • 232%
  • (223,000 / $96,000)
  • 266%
  • (208,000 / $78,000)
8Beneficial Company Llc 114 3%80%
  • 208%
  • (190,000 / $91,000)
  • 227%
  • (123,000 / $54,000)
9Citimortgage 109 84%6%
  • 222%
  • (100,000 / $45,000)
  • 257%
  • (162,000 / $63,000)
10Mortgage Guaranty Insurance Co 73 65%13%
  • 255%
  • (258,000 / $101,000)
  • 252%
  • (86,000 / $34,000)
11Embrace Home Loans, 71 8%38%
  • 225%
  • (124,000 / $55,000)
  • 237%
  • (195,000 / $82,000)
12Us Bank 69 79%5%
  • 201%
  • (133,000 / $66,000)
  • 361%
  • (188,000 / $52,000)
13Countrywide Home Loans 69 84%11%
  • 225%
  • (144,000 / $64,000)
  • 159%
  • (236,000 / $148,000)
14Bank Of America 69 75%17%
  • 229%
  • (78,000 / $34,000)
  • 278%
  • (156,000 / $56,000)
15Alliance Bank 67 61%10%
  • 111%
  • (234,000 / $210,000)
  • 146%
  • (72,000 / $49,000)
16Affinity Plus Federal Credit U 67 64%5%
  • 69%
  • (30,000 / $43,000)
  • 128%
  • (105,000 / $82,000)
17Wells Federal Bank 61 36%22%
  • 180%
  • (65,000 / $36,000)
  • 257%
  • (90,000 / $35,000)
18Citibank 49 71%18%
  • 113%
  • (50,000 / $44,000)
  • 45%
  • (25,000 / $55,000)
19Us Bank North Dakota 48 37%37%
  • 100%
  • (75,000 / $75,000)
  • 148%
  • (119,000 / $80,000)
20Merchants Bank 47 87%4%
  • 208%
  • (181,000 / $87,000)
  • 408%
  • (286,000 / $70,000)

Sherburn, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,197
  2. Loan Applications Denied: 807
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 2,600
  5. % of Loan Applications Originated 61

Sherburn, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Sherburn, 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 - $100,0001,754 6121
$100,000 - $300,0002,283 6117
$300,000 - $500,000146 6314
$500,000 - $1,000,0009 880
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Sherburn, 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 - $100,0003,560 5920
$100,000 - $300,000575 6913
$300,000 - $500,00036 805
$500,000 - $1,000,00021 6619
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0002 500
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Sherburn, 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%20770 15
30 - 60%34362 21
60 - 100%37564 18
100 - 200%1,22665 16
200 - 300%1,11260 19
300 - 400%57059 18
> 400%36446 31

Sherburn, 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 Dwelling3,835 6119
Not Owner-Occupied As A Principal Dwelling331 6916
Not Applicable13 760

Home Owner Property Type Statistics in Sherburn, 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)3,703 6120
One To Four-Family346 675
Manufactured Housing148 5825
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