Top Silver, MN Mortgage Lenders

RankSilver Mortgage LenderSilver Home Loans ProcessedSilver Home Loans ApprovedSilver Home Loans DeniedSilver Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSilver Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 255 52%24%
  • 182%
  • (150,000 Loan / $82,000 Income)
  • 140%
  • (77,000 Loan / $55,000 Income)
2Northview Bank 190 60%21%
  • 158%
  • (138,000 / $87,000)
  • 223%
  • (145,000 / $65,000)
3Lake State Federal Credit Unio 121 45%15%
  • 250%
  • (150,000 / $60,000)
  • 233%
  • (56,000 / $24,000)
4Phh Mortgage Corporation 95 87%1%
  • 260%
  • (120,000 / $46,000)
  • 244%
  • (93,000 / $38,000)
5Woodlands National Bank 74 45%29%
  • 242%
  • (250,000 / $103,000)
  • 411%
  • (148,000 / $36,000)
6Fnb Moose Lake 73 67%12%
  • 167%
  • (77,000 / $46,000)
  • 206%
  • (95,000 / $46,000)
7Jpmorgan Chase Bank 64 71%23%
  • 286%
  • (172,000 / $60,000)
  • 261%
  • (136,000 / $52,000)
8Countrywide Bank Fsb 64 73%15%
  • 242%
  • (153,000 / $63,000)
  • 292%
  • (287,000 / $98,000)
9Members Cooperative Credit Uni 63 69%9%
  • 135%
  • (123,000 / $91,000)
  • 304%
  • (64,000 / $21,000)
10Mortgage Guaranty Insurance Co 49 77%4%
  • 271%
  • (220,000 / $81,000)
  • 440%
  • (176,000 / $40,000)
11Beneficial Company Llc 49 6%67%
  • 89%
  • (26,000 / $29,000)
  • 198%
  • (119,000 / $60,000)
12Flagstar Bank 47 63%21%
  • 264%
  • (320,000 / $121,000)
  • 293%
  • (144,000 / $49,000)
13Affinity Plus Federal Credit U 47 70%4%
  • 118%
  • (108,000 / $91,000)
  • 294%
  • (109,000 / $37,000)
14Us Bank 45 77%11%
  • 250%
  • (125,000 / $50,000)
  • 283%
  • (122,000 / $43,000)
15North Shore Bank Of Commerce 41 80%9%
  • 200%
  • (152,000 / $76,000)
  • 176%
  • (215,000 / $122,000)
16Countrywide Home Loans 40 77%17%
  • 217%
  • (178,000 / $82,000)
  • 230%
  • (106,000 / $46,000)
17Towne Mortgage Company 39 84%10%
  • 228%
  • (80,000 / $35,000)
  • 144%
  • (62,000 / $43,000)
18Cmg Mortgage Insurance Co. 35 77%11%
  • 252%
  • (154,000 / $61,000)
  • 284%
  • (199,000 / $70,000)
19Agstar Financial Services 35 48%14%
  • 182%
  • (95,000 / $52,000)
  • 343%
  • (361,000 / $105,000)
20Citimortgage 34 76%17%
  • 185%
  • (195,000 / $105,000)
  • 361%
  • (311,000 / $86,000)

Silver, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,292
  2. Loan Applications Denied: 492
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 1,350
  5. % of Loan Applications Originated 58

Silver, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Collateral11
Debt-to-income ratio10
Unverifiable information1
Insufficient cash (downpayment, closing costs)1

Silver, 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 - $100,000835 5624
$100,000 - $300,0001,385 6019
$300,000 - $500,00069 4131
$500,000 - $1,000,0003 660

Silver, 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 - $100,0001,945 5722
$100,000 - $300,000332 6316
$300,000 - $500,00013 6815
$500,000 - $1,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Silver, 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%8854 32
30 - 60%13055 20
60 - 100%17663 22
100 - 200%57561 19
200 - 300%65859 18
300 - 400%40560 19
> 400%26045 32

Silver, 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 Dwelling2,054 5821
Not Owner-Occupied As A Principal Dwelling218 6120
Not Applicable7 5742

Home Owner Property Type Statistics in Silver, 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)1,981 5722
Manufactured Housing157 5822
One To Four-Family154 716
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