Top Shorewood, MN Mortgage Lenders

RankShorewood Mortgage LenderShorewood Home Loans ProcessedShorewood Home Loans ApprovedShorewood Home Loans DeniedShorewood Mortgage Median Loan to Income Ratio (LTR) for Approved LoansShorewood Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,934 70%12%
  • 202%
  • (345,000 Loan / $170,000 Income)
  • 221%
  • (153,000 Loan / $69,000 Income)
2Us Bank 466 83%9%
  • 225%
  • (268,000 / $119,000)
  • 242%
  • (417,000 / $172,000)
3Jpmorgan Chase Bank 381 89%8%
  • 229%
  • (404,000 / $176,000)
  • 234%
  • (371,000 / $158,000)
4Citimortgage 235 82%5%
  • 231%
  • (417,000 / $180,000)
  • 206%
  • (1,500,000 / $728,000)
5Bank Of America 192 71%12%
  • 226%
  • (249,000 / $110,000)
  • 333%
  • (1,000,000 / $300,000)
6Wells Fargo Funding 148 97%1%
  • 179%
  • (196,000 / $109,000)
  • 177%
  • (325,000 / $183,000)
7Bell America Mortgage Llc Dba 146 67%0%
  • 221%
  • (378,000 / $171,000)
  • 212%
  • (215,000 / $101,000)
8Countrywide Bank Fsb 145 80%13%
  • 282%
  • (237,000 / $84,000)
  • 231%
  • (1,400,000 / $605,000)
9Citibank 142 78%9%
  • 146%
  • (234,000 / $160,000)
  • 168%
  • (287,000 / $170,000)
10Tcf National Bank 138 35%26%
  • 273%
  • (309,000 / $113,000)
  • 361%
  • (217,000 / $60,000)
11Phh Home Loans 133 83%2%
  • 254%
  • (275,000 / $108,000)
  • 426%
  • (243,000 / $57,000)
12The Business Bank 118 92%4%
  • 198%
  • (417,000 / $210,000)
  • 252%
  • (363,000 / $144,000)
13Alerus Financial 111 90%1%
  • 204%
  • (315,000 / $154,000)
  • 250%
  • (406,000 / $162,000)
14State Bank & Trust 91 82%0%
  • 216%
  • (312,000 / $144,000)
0
15Provident Funding Associates 91 64%16%
  • 236%
  • (284,000 / $120,000)
  • 258%
  • (320,000 / $124,000)
16Ing Bank, Fsb 88 46%38%
  • 233%
  • (1,085,000 / $465,000)
  • 332%
  • (499,000 / $150,000)
17Us Bk Na Nd 87 41%44%
  • 222%
  • (635,000 / $286,000)
  • 252%
  • (184,000 / $73,000)
18Countrywide Home Loans 80 86%7%
  • 242%
  • (716,000 / $295,000)
  • 155%
  • (585,000 / $376,000)
19Tradition Mortgage 77 93%6%
  • 180%
  • (400,000 / $222,000)
  • 196%
  • (550,000 / $280,000)
20Us Bank North Dakota 75 21%54%
  • 177%
  • (101,000 / $57,000)
  • 311%
  • (280,000 / $90,000)

Shorewood, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,594
  2. Loan Applications Denied: 984
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 5,394
  5. % of Loan Applications Originated 71

Shorewood, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio16
Collateral15
Credit history8
Unverifiable information5
Credit application incomplete5

Shorewood, 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 - $100,000589 6119
$100,000 - $300,0003,192 7111
$300,000 - $500,0002,729 7510
$500,000 - $1,000,000762 6121
$1,000,000 - $1,500,000187 5621
$1,500,000 - $2,000,00096 5323
> $2,000,00039 4317

Shorewood, 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 - $100,0002,498 6615
$100,000 - $300,0003,900 7311
$300,000 - $500,000692 7213
$500,000 - $1,000,000371 6814
$1,000,000 - $1,500,00077 6711
$1,500,000 - $2,000,00016 7512
> $2,000,00040 6715

Loan to Income Ratios Research for Mortgage in Shorewood, 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%18357 22
30 - 60%32367 17
60 - 100%63975 10
100 - 200%2,12875 9
200 - 300%2,09873 10
300 - 400%1,28169 13
> 400%94256 24

Shorewood, 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 Dwelling7,166 7112
Not Owner-Occupied As A Principal Dwelling418 6916
Not Applicable4 5025

Home Owner Property Type Statistics in Shorewood, 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)7,429 7013
One To Four-Family161 784
Manufactured Housing4 0100
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