Top Spring Hill, MN Mortgage Lenders

RankSpring Hill Mortgage LenderSpring Hill Home Loans ProcessedSpring Hill Home Loans ApprovedSpring Hill Home Loans DeniedSpring Hill Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpring Hill Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 308 67%14%
  • 194%
  • (138,000 Loan / $71,000 Income)
  • 255%
  • (125,000 Loan / $49,000 Income)
2Central Mn Cu 171 64%15%
  • 201%
  • (131,000 / $65,000)
  • 238%
  • (186,000 / $78,000)
3Bonanza Valley State Bank 121 84%14%
  • 84%
  • (500,000 / $593,000)
  • 185%
  • (100,000 / $54,000)
4North American State Bank 119 60%29%
  • 93%
  • (42,000 / $45,000)
  • 166%
  • (45,000 / $27,000)
5Liberty Savings Bank Fsb 112 92%0%
  • 225%
  • (126,000 / $56,000)
  • 91%
  • (110,000 / $120,000)
6Central Minnesota Cu 109 79%6%
  • 120%
  • (35,000 / $29,000)
  • 300%
  • (162,000 / $54,000)
7State Bank Of Richmond 93 63%21%
  • 184%
  • (105,000 / $57,000)
  • 179%
  • (88,000 / $49,000)
8Jpmorgan Chase Bank 88 84%10%
  • 272%
  • (150,000 / $55,000)
  • 259%
  • (122,000 / $47,000)
9Us Bank 71 78%16%
  • 216%
  • (78,000 / $36,000)
  • 283%
  • (224,000 / $79,000)
10Phh Mortgage Corporation 57 82%3%
  • 212%
  • (168,000 / $79,000)
  • 264%
  • (238,000 / $90,000)
11Bank Of America 56 82%12%
  • 260%
  • (206,000 / $79,000)
  • 256%
  • (131,000 / $51,000)
12First Natl Bank Of Cold Spring 41 65%14%
  • 194%
  • (138,000 / $71,000)
  • 186%
  • (155,000 / $83,000)
13Bank Of The West 33 63%18%
  • 188%
  • (272,000 / $144,000)
  • 144%
  • (280,000 / $194,000)
14Citimortgage 31 80%12%
  • 172%
  • (62,000 / $36,000)
  • 241%
  • (193,000 / $80,000)
15Agstar Financial Services 31 77%3%
  • 214%
  • (58,000 / $27,000)
  • 261%
  • (110,000 / $42,000)
16Bremer Bank Na (St Cloud) 25 84%4%
  • 257%
  • (257,000 / $100,000)
  • 31%
  • (19,000 / $60,000)
17Radian Guaranty 24 91%0%
  • 233%
  • (154,000 / $66,000)
0
18Genworth Mortgage Insurance Co 20 75%15%
  • 251%
  • (68,000 / $27,000)
  • 285%
  • (180,000 / $63,000)
19Us Bk Na Nd 19 52%31%
  • 168%
  • (49,000 / $29,000)
  • 107%
  • (70,000 / $65,000)
20Mortgage Services Iii, L.L.C. 19 68%15%
  • 215%
  • (71,000 / $33,000)
  • 330%
  • (238,000 / $72,000)

Spring Hill, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,203
  2. Loan Applications Denied: 359
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,524
  5. % of Loan Applications Originated 69

Spring Hill, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history18
Collateral16
Debt-to-income ratio12
Credit application incomplete2
Unverifiable information1

Spring Hill, 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 - $100,000820 7016
$100,000 - $300,0001,324 6816
$300,000 - $500,00054 5820
$500,000 - $1,000,0004 750
$1,000,000 - $1,500,0001 1000

Spring Hill, 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 - $100,0001,774 6717
$100,000 - $300,000395 7110
$300,000 - $500,00018 7216
$500,000 - $1,000,00012 758
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0002 00
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Spring Hill, 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%9280 7
30 - 60%14277 12
60 - 100%21771 12
100 - 200%63670 14
200 - 300%62468 16
300 - 400%29463 20
> 400%19857 24

Spring Hill, 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 Dwelling1,938 6817
Not Owner-Occupied As A Principal Dwelling258 739
Not Applicable3 1000

Home Owner Property Type Statistics in Spring Hill, 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)2,075 6816
One To Four-Family70 785
Manufactured Housing58 7015
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