Top Springfield, MN Mortgage Lenders

RankSpringfield Mortgage LenderSpringfield Home Loans ProcessedSpringfield Home Loans ApprovedSpringfield Home Loans DeniedSpringfield Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpringfield Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,166 65%16%
  • 185%
  • (132,000 Loan / $71,000 Income)
  • 183%
  • (123,000 Loan / $67,000 Income)
2Jpmorgan Chase Bank 317 85%11%
  • 254%
  • (112,000 / $44,000)
  • 245%
  • (49,000 / $20,000)
3Us Bank 246 78%9%
  • 212%
  • (83,000 / $39,000)
  • 212%
  • (102,000 / $48,000)
4Wells Federal Bank 194 55%27%
  • 142%
  • (81,000 / $57,000)
  • 191%
  • (44,000 / $23,000)
5Associated Bank 156 71%19%
  • 138%
  • (43,000 / $31,000)
  • 180%
  • (76,000 / $42,000)
6Citimortgage 144 65%15%
  • 255%
  • (360,000 / $141,000)
  • 270%
  • (550,000 / $203,000)
7Bank Of America 138 78%12%
  • 205%
  • (175,000 / $85,000)
  • 330%
  • (195,000 / $59,000)
8Countrywide Bank Fsb 132 74%15%
  • 223%
  • (67,000 / $30,000)
  • 278%
  • (417,000 / $150,000)
9Mortgage Guaranty Insurance Co 120 70%8%
  • 200%
  • (118,000 / $59,000)
  • 333%
  • (100,000 / $30,000)
10Phh Mortgage Corporation 113 87%1%
  • 184%
  • (144,000 / $78,000)
  • 360%
  • (220,000 / $61,000)
11Genworth Mortgage Insurance Co 110 51%2%
  • 231%
  • (153,000 / $66,000)
  • 311%
  • (81,000 / $26,000)
12Bank Of The West 110 66%18%
  • 155%
  • (160,000 / $103,000)
  • 166%
  • (5,000 / $3,000)
13Bremer Bank Na (Fargo) 109 79%7%
  • 148%
  • (131,000 / $88,000)
  • 105%
  • (90,000 / $85,000)
14Embrace Home Loans, 95 11%51%
  • 238%
  • (62,000 / $26,000)
  • 205%
  • (164,000 / $80,000)
15Agstar Financial Services 91 49%9%
  • 140%
  • (228,000 / $162,000)
  • 292%
  • (225,000 / $77,000)
16Affinity Plus Federal Credit U 90 66%6%
  • 110%
  • (42,000 / $38,000)
  • 208%
  • (100,000 / $48,000)
17Countrywide Home Loans 86 83%9%
  • 231%
  • (153,000 / $66,000)
  • 159%
  • (132,000 / $83,000)
18Wells Fargo Funding 77 96%2%
  • 242%
  • (160,000 / $66,000)
  • 240%
  • (53,000 / $22,000)
19Us Bank North Dakota 76 27%51%
  • 133%
  • (131,000 / $98,000)
  • 217%
  • (113,000 / $52,000)
20Beneficial Company Llc 73 2%83%
  • 150%
  • (135,000 / $90,000)
  • 175%
  • (72,000 / $41,000)

Springfield, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,251
  2. Loan Applications Denied: 1,229
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,942
  5. % of Loan Applications Originated 63

Springfield, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral11
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Springfield, 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 - $100,0002,805 5922
$100,000 - $300,0003,246 6516
$300,000 - $500,000188 5817
$500,000 - $1,000,00011 1845
$1,000,000 - $1,500,0001 1000

Springfield, 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 - $100,0005,222 6021
$100,000 - $300,000950 7112
$300,000 - $500,00047 5721
$500,000 - $1,000,00018 7116
$1,000,000 - $1,500,0009 6611
$1,500,000 - $2,000,0001 1000
> $2,000,0004 1000

Loan to Income Ratios Research for Mortgage in Springfield, 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%25161 24
30 - 60%38558 23
60 - 100%61264 18
100 - 200%2,04765 17
200 - 300%1,57665 16
300 - 400%83460 23
> 400%54647 27

Springfield, 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 Dwelling5,465 6120
Not Owner-Occupied As A Principal Dwelling749 7611
Not Applicable8 5037

Home Owner Property Type Statistics in Springfield, 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)5,715 6320
One To Four-Family397 684
Manufactured Housing139 4635
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