Top Stanford, MN Mortgage Lenders

RankStanford Mortgage LenderStanford Home Loans ProcessedStanford Home Loans ApprovedStanford Home Loans DeniedStanford Mortgage Median Loan to Income Ratio (LTR) for Approved LoansStanford Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 754 59%21%
  • 227%
  • (125,000 Loan / $55,000 Income)
  • 234%
  • (230,000 Loan / $98,000 Income)
2Jpmorgan Chase Bank 235 80%18%
  • 267%
  • (217,000 / $81,000)
  • 283%
  • (150,000 / $53,000)
3Citimortgage 220 80%6%
  • 256%
  • (146,000 / $57,000)
  • 335%
  • (191,000 / $57,000)
4Countrywide Bank Fsb 216 71%16%
  • 238%
  • (119,000 / $50,000)
  • 334%
  • (167,000 / $50,000)
5Us Bank 208 77%11%
  • 263%
  • (408,000 / $155,000)
  • 311%
  • (427,000 / $137,000)
6Countrywide Home Loans 159 79%11%
  • 266%
  • (192,000 / $72,000)
  • 219%
  • (171,000 / $78,000)
7Affinity Plus Federal Credit U 146 65%8%
  • 116%
  • (57,000 / $49,000)
  • 321%
  • (183,000 / $57,000)
8Bank Of America 140 68%21%
  • 280%
  • (236,000 / $84,000)
  • 252%
  • (318,000 / $126,000)
9Citibank 131 80%6%
  • 130%
  • (90,000 / $69,000)
  • 108%
  • (217,000 / $200,000)
10Tcf National Bank 104 32%36%
  • 264%
  • (140,000 / $53,000)
  • 279%
  • (151,000 / $54,000)
11Bell America Mortgage Llc Dba 88 65%5%
  • 275%
  • (193,000 / $70,000)
  • 320%
  • (128,000 / $40,000)
12Beneficial Company Llc 82 1%65%
  • 365%
  • (241,000 / $66,000)
  • 282%
  • (229,000 / $81,000)
13Wells Fargo Funding 80 100%0%
  • 255%
  • (268,000 / $105,000)
0
14Mortgage Guaranty Insurance Co 78 79%7%
  • 315%
  • (126,000 / $40,000)
  • 265%
  • (273,000 / $103,000)
15Us Bank North Dakota 74 29%45%
  • 155%
  • (84,000 / $54,000)
  • 370%
  • (200,000 / $54,000)
16Wells Fargo Fin'l Minnesota 69 13%59%
  • 313%
  • (213,000 / $68,000)
  • 214%
  • (167,000 / $78,000)
17Embrace Home Loans, 58 1%55%
  • 187%
  • (270,000 / $144,000)
  • 381%
  • (183,000 / $48,000)
18The Business Bank 54 90%5%
  • 293%
  • (138,000 / $47,000)
  • 280%
  • (219,000 / $78,000)
19Hfc Company Llc 52 5%75%
  • 283%
  • (230,000 / $81,000)
  • 266%
  • (96,000 / $36,000)
20Republic Mortgage Insurance Co 50 68%8%
  • 368%
  • (162,000 / $44,000)
  • 174%
  • (150,000 / $86,000)

Stanford, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,446
  2. Loan Applications Denied: 1,089
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 3,313
  5. % of Loan Applications Originated 60

Stanford, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history10
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information2

Stanford, 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 - $100,0001,229 6120
$100,000 - $300,0003,854 6019
$300,000 - $500,000348 5221
$500,000 - $1,000,00014 6314
$1,500,000 - $2,000,0001 1000

Stanford, 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 - $100,0004,478 6020
$100,000 - $300,000904 6218
$300,000 - $500,00036 5716
$500,000 - $1,000,00021 569
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0002 1000
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Stanford, 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%18654 26
30 - 60%29055 21
60 - 100%35561 18
100 - 200%1,04265 17
200 - 300%1,53064 17
300 - 400%1,14160 18
> 400%90251 27

Stanford, 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 Dwelling5,139 6020
Not Owner-Occupied As A Principal Dwelling284 6120
Not Applicable3 1000

Home Owner Property Type Statistics in Stanford, 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)5,073 6020
One To Four-Family302 765
Manufactured Housing71 2349
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