Top Shingobee, MN Mortgage Lenders

RankShingobee Mortgage LenderShingobee Home Loans ProcessedShingobee Home Loans ApprovedShingobee Home Loans DeniedShingobee Mortgage Median Loan to Income Ratio (LTR) for Approved LoansShingobee Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 443 71%11%
  • 164%
  • (150,000 Loan / $91,000 Income)
  • 153%
  • (140,000 Loan / $91,000 Income)
2Us Bank 188 85%7%
  • 197%
  • (152,000 / $77,000)
  • 244%
  • (296,000 / $121,000)
3Jpmorgan Chase Bank 88 87%12%
  • 267%
  • (83,000 / $31,000)
  • 264%
  • (198,000 / $75,000)
4Bank Forward 79 86%5%
  • 156%
  • (160,000 / $102,000)
  • 211%
  • (250,000 / $118,000)
5Affinity Plus Federal Credit U 60 65%5%
  • 141%
  • (82,000 / $58,000)
  • 320%
  • (80,000 / $25,000)
6Countrywide Bank Fsb 52 73%9%
  • 174%
  • (400,000 / $229,000)
  • 313%
  • (313,000 / $100,000)
7Citimortgage 52 78%7%
  • 255%
  • (120,000 / $47,000)
  • 433%
  • (512,000 / $118,000)
8Bank Of America 45 62%20%
  • 223%
  • (250,000 / $112,000)
  • 74%
  • (412,000 / $551,000)
9Countrywide Home Loans 38 89%10%
  • 150%
  • (166,000 / $110,000)
  • 256%
  • (555,000 / $216,000)
10Citibank 25 72%4%
  • 141%
  • (157,000 / $111,000)
  • 66%
  • (50,000 / $75,000)
11Wells Fargo Funding 19 94%0%
  • 164%
  • (417,000 / $254,000)
0
12Quicken Loans 19 78%21%
  • 200%
  • (277,000 / $138,000)
  • 454%
  • (150,000 / $33,000)
13Mortgage Guaranty Insurance Co 19 68%10%
  • 168%
  • (133,000 / $79,000)
  • 368%
  • (291,000 / $79,000)
14Us Bk Na Nd 18 66%16%
  • 140%
  • (52,000 / $37,000)
  • 87%
  • (49,000 / $56,000)
15Us Bank North Dakota 16 56%31%
  • 122%
  • (164,000 / $134,000)
  • 331%
  • (136,000 / $41,000)
16Phh Mortgage Corporation 16 87%6%
  • 208%
  • (144,000 / $69,000)
  • 83%
  • (297,000 / $354,000)
17Merchants Bank 16 100%0%
  • 150%
  • (164,000 / $109,000)
0
18Liberty Savings Bank Fsb 16 100%0%
  • 171%
  • (183,000 / $107,000)
0
19United Guaranty Corporation 15 66%13%
  • 269%
  • (269,000 / $100,000)
  • 417%
  • (238,000 / $57,000)
20Wells Fargo Fin'l Minnesota 14 0%57% 0
  • 242%
  • (34,000 / $14,000)

Shingobee, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,971
  2. Loan Applications Denied: 246
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 1,429
  5. % of Loan Applications Originated 72

Shingobee, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history5
Unverifiable information4
Credit application incomplete4

Shingobee, 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 - $100,000419 7013
$100,000 - $300,0001,185 7111
$300,000 - $500,000318 7510
$500,000 - $1,000,00039 5330
$1,000,000 - $1,500,0006 660
$1,500,000 - $2,000,0004 2525

Shingobee, 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 - $100,0001,036 6814
$100,000 - $300,000800 769
$300,000 - $500,00087 798
$500,000 - $1,000,00042 6616
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0002 500
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Shingobee, 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%7965 15
30 - 60%10771 14
60 - 100%25073 13
100 - 200%64879 9
200 - 300%45270 11
300 - 400%23170 12
> 400%20455 22

Shingobee, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling970 7710
Owner-Occupied As A Principal Dwelling961 6715
Not Applicable4 750

Home Owner Property Type Statistics in Shingobee, 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)1,837 7212
One To Four-Family71 737
Manufactured Housing63 5828
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