Top Spencer Brook, MN Mortgage Lenders

RankSpencer Brook Mortgage LenderSpencer Brook Home Loans ProcessedSpencer Brook Home Loans ApprovedSpencer Brook Home Loans DeniedSpencer Brook Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpencer Brook Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 288 64%17%
  • 193%
  • (279,000 Loan / $144,000 Income)
  • 250%
  • (135,000 Loan / $54,000 Income)
2Jpmorgan Chase Bank 93 75%23%
  • 180%
  • (180,000 / $100,000)
  • 282%
  • (254,000 / $90,000)
3Us Bank 89 76%13%
  • 251%
  • (161,000 / $64,000)
  • 311%
  • (427,000 / $137,000)
4Citimortgage 79 88%3%
  • 201%
  • (167,000 / $83,000)
  • 247%
  • (270,000 / $109,000)
5Countrywide Bank Fsb 52 73%17%
  • 221%
  • (344,000 / $155,000)
  • 257%
  • (335,000 / $130,000)
6Citibank 52 76%7%
  • 166%
  • (280,000 / $168,000)
  • 151%
  • (256,000 / $169,000)
7Bank Of America 46 76%17%
  • 296%
  • (175,000 / $59,000)
  • 167%
  • (226,000 / $135,000)
8Tcf National Bank 44 31%38%
  • 291%
  • (216,000 / $74,000)
  • 250%
  • (318,000 / $127,000)
9Affinity Plus Federal Credit U 43 62%4%
  • 142%
  • (60,000 / $42,000)
  • 550%
  • (281,000 / $51,000)
10Bremer Bank Na (Twin Cities) 37 86%0%
  • 151%
  • (47,000 / $31,000)
0
11Countrywide Home Loans 36 91%5%
  • 260%
  • (120,000 / $46,000)
  • 506%
  • (243,000 / $48,000)
12F & M Community Bank 31 67%19%
  • 70%
  • (60,000 / $85,000)
  • 172%
  • (155,000 / $90,000)
13Wells Fargo Funding 28 100%0%
  • 220%
  • (275,000 / $125,000)
0
14Us Bk Na Nd 26 42%38%
  • 187%
  • (60,000 / $32,000)
  • 158%
  • (182,000 / $115,000)
15Us Bank North Dakota 25 36%44%
  • 155%
  • (70,000 / $45,000)
  • 242%
  • (204,000 / $84,000)
16Marketplace Home Mortgage Llc 23 73%4%
  • 362%
  • (417,000 / $115,000)
  • 265%
  • (122,000 / $46,000)
17Quicken Loans 20 45%45%
  • 318%
  • (137,000 / $43,000)
  • 266%
  • (205,000 / $77,000)
18Beneficial Company Llc 20 5%55%
  • 365%
  • (241,000 / $66,000)
  • 347%
  • (500,000 / $144,000)
19The Business Bank 19 89%5%
  • 298%
  • (212,000 / $71,000)
  • 615%
  • (271,000 / $44,000)
20Bell America Mortgage Llc Dba 19 52%0%
  • 247%
  • (181,000 / $73,000)
0

Spencer Brook, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,766
  2. Loan Applications Denied: 321
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 1,148
  5. % of Loan Applications Originated 65

Spencer Brook, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral23
Debt-to-income ratio11
Credit history10
Credit application incomplete5
Unverifiable information2

Spencer Brook, 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 - $100,000380 6817
$100,000 - $300,0001,233 6318
$300,000 - $500,000143 5718
$500,000 - $1,000,0009 4422
$1,500,000 - $2,000,0001 1000

Spencer Brook, 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 - $100,0001,318 6319
$100,000 - $300,000421 6714
$300,000 - $500,00019 6215
$500,000 - $1,000,0004 1000
$1,000,000 - $1,500,0003 6633
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Spencer Brook, 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%5264 23
30 - 60%8668 16
60 - 100%12567 16
100 - 200%44173 12
200 - 300%44669 15
300 - 400%32859 17
> 400%28846 31

Spencer Brook, 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 Dwelling1,618 6418
Not Owner-Occupied As A Principal Dwelling141 6816
Not Applicable1 1000

Home Owner Property Type Statistics in Spencer Brook, 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)1,688 6518
One To Four-Family52 7511
Manufactured Housing26 2342
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