Top Stark, MN Mortgage Lenders

RankStark Mortgage LenderStark Home Loans ProcessedStark Home Loans ApprovedStark Home Loans DeniedStark Mortgage Median Loan to Income Ratio (LTR) for Approved LoansStark Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 398 68%15%
  • 183%
  • (132,000 Loan / $72,000 Income)
  • 174%
  • (215,000 Loan / $123,000 Income)
2Frandsen Bank & Trust 283 93%3%
  • 175%
  • (100,000 / $57,000)
  • 217%
  • (113,000 / $52,000)
3Alliance Bank 280 85%7%
  • 139%
  • (92,000 / $66,000)
  • 281%
  • (135,000 / $48,000)
4Citizens Bank Minnesota 249 92%3%
  • 147%
  • (147,000 / $100,000)
  • 178%
  • (125,000 / $70,000)
5First National Bank 59 86%8%
  • 78%
  • (44,000 / $56,000)
  • 84%
  • (27,000 / $32,000)
6Mortgage Guaranty Insurance Co 58 74%5%
  • 242%
  • (92,000 / $38,000)
  • 228%
  • (151,000 / $66,000)
7Agstar Financial Services 52 57%3%
  • 214%
  • (214,000 / $100,000)
  • 435%
  • (135,000 / $31,000)
8Us Bank 44 77%13%
  • 245%
  • (135,000 / $55,000)
  • 159%
  • (97,000 / $61,000)
9Jpmorgan Chase Bank 34 85%8%
  • 146%
  • (72,000 / $49,000)
  • 121%
  • (91,000 / $75,000)
10United Prairie Bank 31 64%16%
  • 43%
  • (38,000 / $87,000)
  • 129%
  • (57,000 / $44,000)
11Wells Federal Bank 30 40%30%
  • 195%
  • (192,000 / $98,000)
  • 234%
  • (199,000 / $85,000)
12Wells Fargo Fin'l Minnesota 30 30%56%
  • 192%
  • (125,000 / $65,000)
  • 210%
  • (84,000 / $40,000)
13Genworth Mortgage Insurance Co 29 58%0%
  • 234%
  • (122,000 / $52,000)
0
14Citimortgage 27 74%0%
  • 268%
  • (51,000 / $19,000)
0
15Beneficial Company Llc 27 7%77%
  • 321%
  • (74,000 / $23,000)
  • 266%
  • (80,000 / $30,000)
16Cmg Mortgage Insurance Co. 25 96%0%
  • 195%
  • (80,000 / $41,000)
0
17Embrace Home Loans, 22 0%54% 0
  • 333%
  • (80,000 / $24,000)
18Countrywide Bank Fsb 20 75%15%
  • 197%
  • (176,000 / $89,000)
  • 150%
  • (27,000 / $18,000)
19C.U. Mortgage Services, 19 57%31%
  • 233%
  • (215,000 / $92,000)
  • 291%
  • (236,000 / $81,000)
20Bank Of America 18 72%22%
  • 114%
  • (78,000 / $68,000)
  • 209%
  • (88,000 / $42,000)

Stark, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,275
  2. Loan Applications Denied: 326
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,646
  5. % of Loan Applications Originated 72

Stark, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral8
Debt-to-income ratio5
Credit application incomplete1
Mortgage insurance denied0

Stark, 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 - $100,000968 6916
$100,000 - $300,0001,241 7312
$300,000 - $500,00061 669
$500,000 - $1,000,0005 800

Stark, 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 - $100,0001,888 7015
$100,000 - $300,000347 805
$300,000 - $500,00021 809
$500,000 - $1,000,00018 7711
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Stark, 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%14577 11
30 - 60%16677 12
60 - 100%20073 14
100 - 200%71377 10
200 - 300%61372 13
300 - 400%28458 20
> 400%15455 26

Stark, 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 Dwelling2,195 7214
Not Owner-Occupied As A Principal Dwelling76 759
Not Applicable2 500

Home Owner Property Type Statistics in Stark, 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)2,080 7215
One To Four-Family153 771
Manufactured Housing42 6621
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