Top Shooks, MN Mortgage Lenders

RankShooks Mortgage LenderShooks Home Loans ProcessedShooks Home Loans ApprovedShooks Home Loans DeniedShooks Mortgage Median Loan to Income Ratio (LTR) for Approved LoansShooks Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 39 38%30%
  • 234%
  • (101,000 Loan / $43,000 Income)
  • 252%
  • (48,000 Loan / $19,000 Income)
2Affinity Plus Federal Credit U 28 67%0%
  • 91%
  • (66,000 / $72,000)
0
3Countrywide Bank Fsb 9 55%33%
  • 224%
  • (137,000 / $61,000)
  • 206%
  • (120,000 / $58,000)
4Countrywide Home Loans 7 57%28%
  • 315%
  • (63,000 / $20,000)
  • 240%
  • (84,000 / $35,000)
5Hfc Company Llc 6 33%33%
  • 79%
  • (113,000 / $143,000)
  • 333%
  • (90,000 / $27,000)
6Us Bank 5 60%20%
  • 136%
  • (79,000 / $58,000)
  • 151%
  • (147,000 / $97,000)
7Beneficial Company Llc 5 0%100% 0
  • 254%
  • (94,000 / $37,000)
8Freedom Mortgage Corp. 4 50%50%
  • 614%
  • (86,000 / $14,000)
  • 256%
  • (177,000 / $69,000)
9Washington Mutual Bank 3 100%0%
  • 303%
  • (200,000 / $66,000)
0
10Ultima Bank Minnesota 3 100%0%
  • 1000%
  • (350,000 / $35,000)
0
11Embrace Home Loans, 3 33%66%
  • 265%
  • (228,000 / $86,000)
  • 252%
  • (86,000 / $34,000)
12Citimortgage 3 33%0% 0 0
13American Equity Mortgage, 3 33%33%
  • 195%
  • (125,000 / $64,000)
  • 311%
  • (193,000 / $62,000)
14Wells Fargo Fin'l North Dakota 2 0%0% 0 0
15Us Bank North Dakota 2 100%0%
  • 56%
  • (30,000 / $53,000)
0
16United Guaranty Corporation 2 0%0% 0 0
17The National Bank & Trust Comp 2 100%0%
  • 38%
  • (155,000 / $404,000)
0
18Taylor, Bean & Whitaker 2 50%50%
  • 182%
  • (71,000 / $39,000)
  • 193%
  • (256,000 / $132,000)
19Riverwood Bank 2 0%100% 0
  • 57%
  • (75,000 / $130,000)
20Quicken Loans 2 0%50% 0
  • 817%
  • (188,000 / $23,000)

Shooks, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 201
  2. Loan Applications Denied: 62
  3. % of Loan Applications Denied: 30
  4. # of Loan Originations: 91
  5. % of Loan Applications Originated 45

Shooks, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral20
Debt-to-income ratio17
Credit history16
Unverifiable information2
Insufficient cash (downpayment, closing costs)1

Shooks, 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 - $100,000108 4232
$100,000 - $300,00091 4529
$300,000 - $500,0001 1000
$500,000 - $1,000,0001 1000

Shooks, 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 - $100,000176 4132
$100,000 - $300,00022 6318
$300,000 - $500,0002 1000
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Shooks, 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%785 14
30 - 60%1968 10
60 - 100%2352 21
100 - 200%6148 24
200 - 300%4729 46
300 - 400%2433 41
> 400%2040 35

Shooks, 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 Dwelling167 4034
Not Owner-Occupied As A Principal Dwelling33 7212

Home Owner Property Type Statistics in Shooks, 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)174 4728
Manufactured Housing22 2754
One To Four-Family5 400
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