Top Stanchfield, MN Mortgage Lenders

RankStanchfield Mortgage LenderStanchfield Home Loans ProcessedStanchfield Home Loans ApprovedStanchfield Home Loans DeniedStanchfield Mortgage Median Loan to Income Ratio (LTR) for Approved LoansStanchfield Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 397 56%21%
  • 221%
  • (144,000 Loan / $65,000 Income)
  • 222%
  • (89,000 Loan / $40,000 Income)
2Minnco Credit Union 297 37%19%
  • 179%
  • (160,000 / $89,000)
  • 285%
  • (60,000 / $21,000)
3Jpmorgan Chase Bank 145 77%19%
  • 243%
  • (173,000 / $71,000)
  • 328%
  • (197,000 / $60,000)
4Us Bank 111 70%15%
  • 277%
  • (200,000 / $72,000)
  • 216%
  • (184,000 / $85,000)
5Affinity Plus Federal Credit U 111 58%4%
  • 113%
  • (84,000 / $74,000)
  • 137%
  • (99,000 / $72,000)
6Bank Of America 90 67%18%
  • 285%
  • (228,000 / $80,000)
  • 259%
  • (127,000 / $49,000)
7Citimortgage 89 89%2%
  • 240%
  • (130,000 / $54,000)
  • 293%
  • (235,000 / $80,000)
8Countrywide Bank Fsb 72 65%19%
  • 265%
  • (638,000 / $240,000)
  • 258%
  • (145,000 / $56,000)
9Peoples Bank Of Commerce 48 52%20%
  • 162%
  • (156,000 / $96,000)
  • 144%
  • (120,000 / $83,000)
10Us Bank North Dakota 47 34%46%
  • 256%
  • (128,000 / $50,000)
  • 236%
  • (104,000 / $44,000)
11Rural American Bank 46 93%6%
  • 151%
  • (159,000 / $105,000)
  • 157%
  • (110,000 / $70,000)
12Agstar Financial Services 44 38%13%
  • 203%
  • (177,000 / $87,000)
  • 351%
  • (123,000 / $35,000)
13Citibank 42 80%16%
  • 160%
  • (53,000 / $33,000)
  • 122%
  • (75,000 / $61,000)
14Bell America Mortgage Llc Dba 41 68%2%
  • 307%
  • (169,000 / $55,000)
  • 357%
  • (50,000 / $14,000)
15Beneficial Company Llc 40 10%80%
  • 93%
  • (171,000 / $183,000)
  • 222%
  • (238,000 / $107,000)
16Quicken Loans 38 65%28%
  • 305%
  • (180,000 / $59,000)
  • 308%
  • (210,000 / $68,000)
17Countrywide Home Loans 38 73%21%
  • 235%
  • (287,000 / $122,000)
  • 92%
  • (130,000 / $140,000)
18Wells Fargo Funding 33 100%0%
  • 350%
  • (357,000 / $102,000)
0
19United Guaranty Corporation 29 82%6%
  • 333%
  • (180,000 / $54,000)
  • 230%
  • (196,000 / $85,000)
20Phh Mortgage Corporation 27 88%7%
  • 276%
  • (94,000 / $34,000)
  • 191%
  • (90,000 / $47,000)

Stanchfield, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,099
  2. Loan Applications Denied: 640
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 1,788
  5. % of Loan Applications Originated 57

Stanchfield, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Credit history15
Debt-to-income ratio13
Credit application incomplete3
Unverifiable information1

Stanchfield, 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 - $100,000967 6121
$100,000 - $300,0001,990 5619
$300,000 - $500,000121 5019
$500,000 - $1,000,00020 1055
$1,000,000 - $1,500,0001 1000

Stanchfield, 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 - $100,0002,674 5820
$100,000 - $300,000403 5218
$300,000 - $500,00015 2620
$500,000 - $1,000,0006 3333
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Stanchfield, 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%11149 30
30 - 60%14562 21
60 - 100%19362 17
100 - 200%72758 16
200 - 300%91256 20
300 - 400%59559 18
> 400%41650 28

Stanchfield, 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 Dwelling2,924 5820
Not Owner-Occupied As A Principal Dwelling167 4626
Not Applicable1 1000

Home Owner Property Type Statistics in Stanchfield, 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)2,926 5621
One To Four-Family117 803
Manufactured Housing56 5130
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