Top Spicer, MN Mortgage Lenders

RankSpicer Mortgage LenderSpicer Home Loans ProcessedSpicer Home Loans ApprovedSpicer Home Loans DeniedSpicer Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpicer Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 813 63%15%
  • 204%
  • (229,000 Loan / $112,000 Income)
  • 162%
  • (417,000 Loan / $257,000 Income)
2Affinity Plus Federal Credit U 272 66%8%
  • 107%
  • (70,000 / $65,000)
  • 296%
  • (190,000 / $64,000)
3Jpmorgan Chase Bank 207 77%16%
  • 238%
  • (100,000 / $42,000)
  • 236%
  • (255,000 / $108,000)
4Citimortgage 186 78%10%
  • 191%
  • (140,000 / $73,000)
  • 263%
  • (108,000 / $41,000)
5Countrywide Bank Fsb 183 66%21%
  • 212%
  • (100,000 / $47,000)
  • 265%
  • (170,000 / $64,000)
6Us Bank North Dakota 137 37%43%
  • 121%
  • (92,000 / $76,000)
  • 167%
  • (112,000 / $67,000)
7Countrywide Home Loans 134 70%21%
  • 206%
  • (153,000 / $74,000)
  • 165%
  • (76,000 / $46,000)
8Genworth Mortgage Insurance Co 122 52%2%
  • 219%
  • (68,000 / $31,000)
  • 273%
  • (164,000 / $60,000)
9Beneficial Company Llc 119 4%78%
  • 168%
  • (27,000 / $16,000)
  • 234%
  • (270,000 / $115,000)
10Us Bank 116 67%22%
  • 228%
  • (231,000 / $101,000)
  • 296%
  • (225,000 / $76,000)
11Mortgage Guaranty Insurance Co 114 71%10%
  • 260%
  • (78,000 / $30,000)
  • 283%
  • (139,000 / $49,000)
12Bank Of America 112 71%18%
  • 207%
  • (137,000 / $66,000)
  • 220%
  • (139,000 / $63,000)
13Phh Mortgage Corporation 111 77%8%
  • 212%
  • (328,000 / $154,000)
  • 309%
  • (68,000 / $22,000)
14Citifinancial Services Inc 88 31%45%
  • 166%
  • (45,000 / $27,000)
  • 142%
  • (20,000 / $14,000)
15Farmers & Merchants State Bank 87 88%6%
  • 145%
  • (87,000 / $60,000)
  • 109%
  • (70,000 / $64,000)
16American Bank Of The North 78 78%12%
  • 125%
  • (45,000 / $36,000)
  • 158%
  • (92,000 / $58,000)
17Bremer Bank Na (Grand Forks) 76 76%9%
  • 111%
  • (40,000 / $36,000)
  • 60%
  • (35,000 / $58,000)
18Agstar Financial Services 75 64%12%
  • 189%
  • (165,000 / $87,000)
  • 327%
  • (200,000 / $61,000)
19Wells Fargo Fin'l Minnesota 69 18%46%
  • 207%
  • (185,000 / $89,000)
  • 240%
  • (130,000 / $54,000)
20Citibank 67 76%17%
  • 81%
  • (59,000 / $72,000)
  • 76%
  • (104,000 / $136,000)

Spicer, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,766
  2. Loan Applications Denied: 1,140
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,522
  5. % of Loan Applications Originated 61

Spicer, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history11
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Spicer, 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 - $100,0002,077 6219
$100,000 - $300,0003,295 5919
$300,000 - $500,000365 5519
$500,000 - $1,000,00028 5728
$1,000,000 - $1,500,0001 1000

Spicer, 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 - $100,0004,656 5920
$100,000 - $300,0001,027 6517
$300,000 - $500,00057 6815
$500,000 - $1,000,00015 6626
$1,000,000 - $1,500,0004 7525
$1,500,000 - $2,000,0001 1000
> $2,000,0006 1000

Loan to Income Ratios Research for Mortgage in Spicer, 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%23062 23
30 - 60%38260 21
60 - 100%51965 18
100 - 200%1,62965 16
200 - 300%1,44961 16
300 - 400%92758 20
> 400%63044 31

Spicer, 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 Dwelling5,114 5920
Not Owner-Occupied As A Principal Dwelling613 7116
Not Applicable7 5728

Home Owner Property Type Statistics in Spicer, 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)5,081 6020
One To Four-Family438 685
Manufactured Housing247 5327
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