Top Spruce Valley, MN Mortgage Lenders

RankSpruce Valley Mortgage LenderSpruce Valley Home Loans ProcessedSpruce Valley Home Loans ApprovedSpruce Valley Home Loans DeniedSpruce Valley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSpruce Valley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 105 58%28%
  • 130%
  • (72,000 Loan / $55,000 Income)
  • 81%
  • (234,000 Loan / $286,000 Income)
2Citifinancial Services Inc 25 52%36%
  • 169%
  • (105,000 / $62,000)
  • 182%
  • (75,000 / $41,000)
3Jpmorgan Chase Bank 24 79%20%
  • 183%
  • (97,000 / $53,000)
  • 145%
  • (80,000 / $55,000)
4Countrywide Bank Fsb 18 50%38%
  • 250%
  • (65,000 / $26,000)
  • 335%
  • (104,000 / $31,000)
5Genworth Mortgage Insurance Co 16 31%0%
  • 151%
  • (41,000 / $27,000)
0
6National City Bank 14 71%0%
  • 213%
  • (79,000 / $37,000)
0
7Citimortgage 13 61%7%
  • 228%
  • (57,000 / $25,000)
  • 285%
  • (57,000 / $20,000)
8Bremer Bank Na (Grand Forks) 12 91%0%
  • 156%
  • (125,000 / $80,000)
0
9Wealthbridge Mortgage Corp. 11 81%0%
  • 213%
  • (94,000 / $44,000)
0
10Mortgage Services Iii, L.L.C. 11 54%9%
  • 207%
  • (56,000 / $27,000)
  • 146%
  • (151,000 / $103,000)
11Wells Fargo Fin'l Minnesota 9 0%44% 0
  • 38%
  • (18,000 / $47,000)
12Wells Fargo Funding 8 100%0% 0 0
13Quicken Loans 8 50%37%
  • 348%
  • (87,000 / $25,000)
  • 176%
  • (157,000 / $89,000)
14Mortgage Guaranty Insurance Co 8 62%0%
  • 171%
  • (91,000 / $53,000)
0
15Embrace Home Loans, 8 0%25% 0
  • 450%
  • (135,000 / $30,000)
16Countrywide Home Loans 8 75%12%
  • 432%
  • (121,000 / $28,000)
  • 21%
  • (29,000 / $135,000)
17C.U. Mortgage Services, 8 62%12%
  • 125%
  • (165,000 / $132,000)
  • 28%
  • (29,000 / $103,000)
18Homecomings Financial Llc 7 28%42%
  • 331%
  • (116,000 / $35,000)
  • 238%
  • (148,000 / $62,000)
19Gmac Mortgage Llc 7 0%71% 0
  • 175%
  • (35,000 / $20,000)
20Assurity Financial Services 7 100%0%
  • 220%
  • (55,000 / $25,000)
0

Spruce Valley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 515
  2. Loan Applications Denied: 122
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 279
  5. % of Loan Applications Originated 54

Spruce Valley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history12
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Spruce Valley, 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 - $100,000304 5423
$100,000 - $300,000211 5224

Spruce Valley, 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 - $100,000466 5324
$100,000 - $300,00048 5520
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Spruce Valley, 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%2536 52
30 - 60%3852 23
60 - 100%6353 25
100 - 200%19652 18
200 - 300%10562 16
300 - 400%5456 31
> 400%3443 38

Spruce Valley, 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 Dwelling500 5324
Not Owner-Occupied As A Principal Dwelling13 8415

Home Owner Property Type Statistics in Spruce Valley, 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)436 5524
Manufactured Housing41 4341
One To Four-Family38 520
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