Top Springvale, MN Mortgage Lenders

RankSpringvale Mortgage LenderSpringvale Home Loans ProcessedSpringvale Home Loans ApprovedSpringvale Home Loans DeniedSpringvale Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpringvale Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,156 57%21%
  • 220%
  • (55,000 Loan / $25,000 Income)
  • 211%
  • (148,000 Loan / $70,000 Income)
2Jpmorgan Chase Bank 371 83%14%
  • 267%
  • (163,000 / $61,000)
  • 295%
  • (130,000 / $44,000)
3Minnco Credit Union 323 40%18%
  • 181%
  • (172,000 / $95,000)
  • 289%
  • (200,000 / $69,000)
4Affinity Plus Federal Credit U 319 61%10%
  • 97%
  • (90,000 / $92,000)
  • 250%
  • (185,000 / $74,000)
5Citimortgage 308 81%7%
  • 311%
  • (140,000 / $45,000)
  • 245%
  • (216,000 / $88,000)
6Countrywide Bank Fsb 304 71%15%
  • 234%
  • (150,000 / $64,000)
  • 350%
  • (175,000 / $50,000)
7Us Bank 280 77%13%
  • 259%
  • (153,000 / $59,000)
  • 307%
  • (157,000 / $51,000)
8Countrywide Home Loans 217 79%12%
  • 244%
  • (208,000 / $85,000)
  • 201%
  • (153,000 / $76,000)
9Bell America Mortgage Llc Dba 186 69%5%
  • 276%
  • (127,000 / $46,000)
  • 320%
  • (128,000 / $40,000)
10Citibank 184 75%11%
  • 120%
  • (98,000 / $81,000)
  • 87%
  • (35,000 / $40,000)
11Bank Of America 171 71%16%
  • 285%
  • (228,000 / $80,000)
  • 318%
  • (105,000 / $33,000)
12Tcf National Bank 115 31%44%
  • 263%
  • (153,000 / $58,000)
  • 277%
  • (200,000 / $72,000)
13Beneficial Company Llc 115 4%72%
  • 93%
  • (171,000 / $183,000)
  • 268%
  • (325,000 / $121,000)
14Mortgage Guaranty Insurance Co 114 78%7%
  • 315%
  • (180,000 / $57,000)
  • 265%
  • (273,000 / $103,000)
15Wells Fargo Funding 112 100%0%
  • 255%
  • (268,000 / $105,000)
0
16Us Bank North Dakota 111 25%42%
  • 207%
  • (158,000 / $76,000)
  • 295%
  • (121,000 / $41,000)
17Wells Fargo Fin'l Minnesota 105 17%55%
  • 235%
  • (127,000 / $54,000)
  • 221%
  • (385,000 / $174,000)
18Peoples Bank Of Commerce 101 60%21%
  • 207%
  • (160,000 / $77,000)
  • 216%
  • (173,000 / $80,000)
19The Business Bank 95 90%4%
  • 284%
  • (142,000 / $50,000)
  • 312%
  • (228,000 / $73,000)
20Phh Mortgage Corporation 90 84%6%
  • 259%
  • (192,000 / $74,000)
  • 313%
  • (383,000 / $122,000)

Springvale, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,638
  2. Loan Applications Denied: 1,751
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 5,099
  5. % of Loan Applications Originated 59

Springvale, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information2

Springvale, 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 - $100,0002,143 6020
$100,000 - $300,0006,081 5919
$300,000 - $500,000385 4624
$500,000 - $1,000,00024 2445
$1,000,000 - $1,500,0005 2060

Springvale, 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 - $100,0007,382 5920
$100,000 - $300,0001,182 5521
$300,000 - $500,00042 4216
$500,000 - $1,000,00027 4814
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0003 660
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Springvale, 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%30752 26
30 - 60%46055 23
60 - 100%58462 19
100 - 200%1,74060 18
200 - 300%2,47460 17
300 - 400%1,78758 20
> 400%1,28652 26

Springvale, 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 Dwelling8,127 5920
Not Owner-Occupied As A Principal Dwelling473 5324
Not Applicable4 7525

Home Owner Property Type Statistics in Springvale, 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)8,016 5820
One To Four-Family517 743
Manufactured Housing105 3546
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