Top Six Mile Grove, MN Mortgage Lenders

RankSix Mile Grove Mortgage LenderSix Mile Grove Home Loans ProcessedSix Mile Grove Home Loans ApprovedSix Mile Grove Home Loans DeniedSix Mile Grove Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSix Mile Grove Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 139 60%20%
  • 155%
  • (81,000 Loan / $52,000 Income)
  • 150%
  • (45,000 Loan / $30,000 Income)
2Bank Of The West 136 83%12%
  • 174%
  • (94,000 / $54,000)
  • 200%
  • (28,000 / $14,000)
3Riverwood Bank 118 72%13%
  • 84%
  • (28,000 / $33,000)
  • 352%
  • (180,000 / $51,000)
4Jpmorgan Chase Bank 41 80%17%
  • 114%
  • (71,000 / $62,000)
  • 130%
  • (52,000 / $40,000)
5Bank Of America 35 80%17%
  • 188%
  • (49,000 / $26,000)
  • 186%
  • (443,000 / $238,000)
6Embrace Home Loans, 33 9%48%
  • 117%
  • (75,000 / $64,000)
  • 183%
  • (130,000 / $71,000)
7Us Bank 32 65%21%
  • 176%
  • (104,000 / $59,000)
  • 225%
  • (122,000 / $54,000)
8Citimortgage 24 83%8%
  • 229%
  • (78,000 / $34,000)
  • 209%
  • (498,000 / $238,000)
9Citifinancial Services Inc 23 52%30%
  • 160%
  • (69,000 / $43,000)
  • 234%
  • (110,000 / $47,000)
10C.U. Mortgage Services, 20 65%15%
  • 171%
  • (156,000 / $91,000)
  • 190%
  • (40,000 / $21,000)
11Hfc Company Llc 17 17%64%
  • 233%
  • (84,000 / $36,000)
  • 188%
  • (117,000 / $62,000)
12Beneficial Company Llc 17 5%70%
  • 161%
  • (50,000 / $31,000)
  • 170%
  • (85,000 / $50,000)
13Countrywide Bank Fsb 16 62%31%
  • 180%
  • (65,000 / $36,000)
  • 176%
  • (81,000 / $46,000)
14Genworth Mortgage Insurance Co 15 60%6%
  • 171%
  • (156,000 / $91,000)
  • 215%
  • (71,000 / $33,000)
15Quicken Loans 14 57%28%
  • 255%
  • (115,000 / $45,000)
  • 165%
  • (129,000 / $78,000)
16Mortgage Guaranty Insurance Co 14 85%0%
  • 188%
  • (64,000 / $34,000)
0
17Countrywide Home Loans 11 90%0%
  • 271%
  • (155,000 / $57,000)
0
18Radian Guaranty 10 90%0%
  • 183%
  • (110,000 / $60,000)
0
19Wells Fargo Funding 9 100%0% 0 0
20United Guaranty Corporation 9 77%0%
  • 146%
  • (95,000 / $65,000)
0

Six Mile Grove, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,025
  2. Loan Applications Denied: 215
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 638
  5. % of Loan Applications Originated 62

Six Mile Grove, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral11
Debt-to-income ratio9
Credit application incomplete2
Unverifiable information1

Six Mile Grove, 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 - $100,000621 6021
$100,000 - $300,000391 6319
$300,000 - $500,00011 4527
$500,000 - $1,000,0002 500

Six Mile Grove, 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 - $100,000908 6121
$100,000 - $300,000105 6716
$300,000 - $500,0005 600
$500,000 - $1,000,0006 6616
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Six Mile Grove, 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%4762 19
30 - 60%7765 19
60 - 100%11268 16
100 - 200%41361 18
200 - 300%23064 20
300 - 400%9353 30
> 400%5346 33

Six Mile Grove, 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 Dwelling987 6220
Not Owner-Occupied As A Principal Dwelling36 6327
Not Applicable1 1000

Home Owner Property Type Statistics in Six Mile Grove, 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)957 6121
One To Four-Family60 801
Manufactured Housing8 3750
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