Top St. Louis Park, MN Mortgage Lenders

RankSt. Louis Park Mortgage LenderSt. Louis Park Home Loans ProcessedSt. Louis Park Home Loans ApprovedSt. Louis Park Home Loans DeniedSt. Louis Park Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSt. Louis Park Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 4,867 72%10%
  • 214%
  • (195,000 Loan / $91,000 Income)
  • 193%
  • (417,000 Loan / $215,000 Income)
2Us Bank 1,154 82%7%
  • 230%
  • (219,000 / $95,000)
  • 261%
  • (183,000 / $70,000)
3Jpmorgan Chase Bank 1,142 89%8%
  • 216%
  • (130,000 / $60,000)
  • 227%
  • (326,000 / $143,000)
4Citimortgage 741 83%6%
  • 236%
  • (180,000 / $76,000)
  • 294%
  • (206,000 / $70,000)
5Bank Of America 591 78%9%
  • 220%
  • (187,000 / $85,000)
  • 279%
  • (109,000 / $39,000)
6Wells Fargo Funding 537 99%0%
  • 232%
  • (170,000 / $73,000)
  • 212%
  • (255,000 / $120,000)
7Tcf National Bank 460 36%38%
  • 215%
  • (401,000 / $186,000)
  • 288%
  • (130,000 / $45,000)
8The Business Bank 444 95%2%
  • 236%
  • (417,000 / $176,000)
  • 259%
  • (480,000 / $185,000)
9Countrywide Bank Fsb 430 82%9%
  • 227%
  • (98,000 / $43,000)
  • 294%
  • (280,000 / $95,000)
10Citibank 391 72%12%
  • 163%
  • (196,000 / $120,000)
  • 168%
  • (168,000 / $100,000)
11Us Bk Na Nd 375 42%39%
  • 123%
  • (52,000 / $42,000)
  • 166%
  • (65,000 / $39,000)
12Mortgage Guaranty Insurance Co 343 74%6%
  • 285%
  • (117,000 / $41,000)
  • 318%
  • (255,000 / $80,000)
13Alerus Financial 338 93%1%
  • 242%
  • (182,000 / $75,000)
  • 269%
  • (226,000 / $84,000)
14Phh Home Loans 322 88%1%
  • 265%
  • (85,000 / $32,000)
  • 203%
  • (410,000 / $201,000)
15Radian Guaranty 312 90%0%
  • 266%
  • (189,000 / $71,000)
  • 259%
  • (161,000 / $62,000)
16Bell America Mortgage Llc Dba 301 78%0%
  • 254%
  • (150,000 / $59,000)
  • 554%
  • (244,000 / $44,000)
17United Guaranty Corporation 292 87%3%
  • 256%
  • (113,000 / $44,000)
  • 213%
  • (374,000 / $175,000)
18Summit Mortgage Corporation 250 89%1%
  • 234%
  • (206,000 / $88,000)
  • 171%
  • (283,000 / $165,000)
19Countrywide Home Loans 249 84%8%
  • 294%
  • (460,000 / $156,000)
  • 283%
  • (187,000 / $66,000)
20Affinity Plus Federal Credit U 237 66%2%
  • 155%
  • (76,000 / $49,000)
  • 202%
  • (150,000 / $74,000)

St. Louis Park, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 21,982
  2. Loan Applications Denied: 2,523
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 16,084
  5. % of Loan Applications Originated 73

St. Louis Park, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio7
Credit history5
Credit application incomplete3
Unverifiable information1

St. Louis Park, 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 - $100,0003,358 6416
$100,000 - $300,00015,725 7410
$300,000 - $500,0002,655 7410
$500,000 - $1,000,000237 6118
$1,000,000 - $1,500,0004 750
$1,500,000 - $2,000,0003 660

St. Louis Park, 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 - $100,00014,288 7112
$100,000 - $300,0007,181 749
$300,000 - $500,000356 7510
$500,000 - $1,000,000128 756
$1,000,000 - $1,500,00014 717
$1,500,000 - $2,000,00011 720
> $2,000,0004 5025

Loan to Income Ratios Research for Mortgage in St. Louis Park, 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%60357 20
30 - 60%95466 15
60 - 100%1,41770 11
100 - 200%5,83974 9
200 - 300%6,79775 9
300 - 400%3,99074 10
> 400%2,38265 19

St. Louis Park, 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 Dwelling21,005 7311
Not Owner-Occupied As A Principal Dwelling944 7014
Not Applicable4 7525

Home Owner Property Type Statistics in St. Louis Park, 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)20,517 7211
One To Four-Family1,448 823
Manufactured Housing17 1752
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