Top Springwater, MN Mortgage Lenders

RankSpringwater Mortgage LenderSpringwater Home Loans ProcessedSpringwater Home Loans ApprovedSpringwater Home Loans DeniedSpringwater Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpringwater Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 42 66%11%
  • 186%
  • (125,000 Loan / $67,000 Income)
  • 227%
  • (200,000 Loan / $88,000 Income)
2Agstar Financial Services 26 69%7%
  • 173%
  • (314,000 / $181,000)
  • 10000%
  • (200,000 / $2,000)
3Jpmorgan Chase Bank 14 92%7%
  • 212%
  • (121,000 / $57,000)
  • 246%
  • (155,000 / $63,000)
4Us Bank 12 66%8%
  • 214%
  • (116,000 / $54,000)
  • 134%
  • (317,000 / $236,000)
5Minnwest Mortgage Corporation 12 25%16%
  • 507%
  • (142,000 / $28,000)
  • 80%
  • (85,000 / $106,000)
6Citimortgage 12 66%16%
  • 205%
  • (70,000 / $34,000)
  • 500%
  • (135,000 / $27,000)
7Countrywide Bank Fsb 10 90%10%
  • 123%
  • (104,000 / $84,000)
  • 135%
  • (135,000 / $100,000)
8Mortgage Guaranty Insurance Co 8 75%12%
  • 288%
  • (150,000 / $52,000)
  • 221%
  • (208,000 / $94,000)
9Genworth Mortgage Insurance Co 8 75%0%
  • 191%
  • (172,000 / $90,000)
0
10Us Bk Na Nd 7 57%28%
  • 305%
  • (180,000 / $59,000)
  • 229%
  • (124,000 / $54,000)
11Bank Of America 7 85%0%
  • 241%
  • (75,000 / $31,000)
0
12Embrace Home Loans, 6 0%33% 0
  • 296%
  • (77,000 / $26,000)
13Cortrust Mortgage Inc 6 83%0%
  • 153%
  • (92,000 / $60,000)
0
14Suntrust Mortgage 5 80%20%
  • 358%
  • (140,000 / $39,000)
  • 142%
  • (90,000 / $63,000)
15Pmi Mortgage Insurance Co. 5 40%0%
  • 279%
  • (81,000 / $29,000)
0
16First Suburban National Bank 5 40%20%
  • 185%
  • (126,000 / $68,000)
  • 76%
  • (20,000 / $26,000)
17First Premier Bank 5 100%0%
  • 56%
  • (27,000 / $48,000)
0
18Wells Fargo Funding 4 100%0% 0 0
19Wachovia Mortage 4 25%25%
  • 114%
  • (56,000 / $49,000)
  • 183%
  • (66,000 / $36,000)
20United Guaranty Corporation 4 100%0%
  • 363%
  • (338,000 / $93,000)
0

Springwater, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 335
  2. Loan Applications Denied: 60
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 201
  5. % of Loan Applications Originated 60

Springwater, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history9
Debt-to-income ratio3
Unverifiable information2
Credit application incomplete2

Springwater, 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 - $100,000154 5623
$100,000 - $300,000168 6213
$300,000 - $500,00011 549
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Springwater, 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 - $100,000281 5920
$100,000 - $300,00051 575
$300,000 - $500,0001 1000
$500,000 - $1,000,0002 1000

Loan to Income Ratios Research for Mortgage in Springwater, 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%1369 23
30 - 60%1877 16
60 - 100%3542 17
100 - 200%12261 20
200 - 300%9153 14
300 - 400%4271 11
> 400%1449 35

Springwater, 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 Dwelling318 5918
Not Owner-Occupied As A Principal Dwelling16 816
Not Applicable1 00

Home Owner Property Type Statistics in Springwater, 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)304 5918
One To Four-Family29 723
Manufactured Housing2 0100
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