Top Strathcona, MN Mortgage Lenders

RankStrathcona Mortgage LenderStrathcona Home Loans ProcessedStrathcona Home Loans ApprovedStrathcona Home Loans DeniedStrathcona Mortgage Median Loan to Income Ratio (LTR) for Approved LoansStrathcona Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,736 67%13%
  • 200%
  • (124,000 Loan / $62,000 Income)
  • 201%
  • (121,000 Loan / $60,000 Income)
2Jpmorgan Chase Bank 295 78%18%
  • 258%
  • (101,000 / $39,000)
  • 263%
  • (232,000 / $88,000)
3Us Bank 230 77%12%
  • 233%
  • (208,000 / $89,000)
  • 283%
  • (122,000 / $43,000)
4Bank Of America 185 71%18%
  • 256%
  • (154,000 / $60,000)
  • 250%
  • (238,000 / $95,000)
5Affinity Plus Federal Credit U 180 62%5%
  • 115%
  • (80,000 / $69,000)
  • 294%
  • (109,000 / $37,000)
6Countrywide Bank Fsb 168 67%17%
  • 251%
  • (330,000 / $131,000)
  • 212%
  • (85,000 / $40,000)
7Citimortgage 160 74%11%
  • 237%
  • (145,000 / $61,000)
  • 272%
  • (251,000 / $92,000)
8Mortgage Guaranty Insurance Co 144 69%9%
  • 272%
  • (300,000 / $110,000)
  • 220%
  • (174,000 / $79,000)
9Phh Mortgage Corporation 131 91%0%
  • 223%
  • (87,000 / $39,000)
  • 232%
  • (193,000 / $83,000)
10Community Resource Bank 124 79%12%
  • 173%
  • (199,000 / $115,000)
  • 213%
  • (286,000 / $134,000)
11Wells Fargo Funding 114 99%0%
  • 198%
  • (212,000 / $107,000)
  • 1025%
  • (400,000 / $39,000)
12Genworth Mortgage Insurance Co 114 64%1%
  • 287%
  • (213,000 / $74,000)
  • 374%
  • (221,000 / $59,000)
13Beneficial Company Llc 111 6%72%
  • 116%
  • (57,000 / $49,000)
  • 245%
  • (147,000 / $60,000)
14Countrywide Home Loans 104 85%12%
  • 201%
  • (117,000 / $58,000)
  • 100%
  • (115,000 / $114,000)
15Northview Bank 90 55%27%
  • 190%
  • (76,000 / $40,000)
  • 283%
  • (122,000 / $43,000)
16United Guaranty Corporation 88 82%3%
  • 252%
  • (250,000 / $99,000)
  • 344%
  • (62,000 / $18,000)
17Lake State Federal Credit Unio 85 44%12%
  • 250%
  • (95,000 / $38,000)
  • 230%
  • (120,000 / $52,000)
18Embrace Home Loans, 83 8%42%
  • 331%
  • (149,000 / $45,000)
  • 352%
  • (141,000 / $40,000)
19Frandsen Bank & Trust 76 81%11%
  • 164%
  • (171,000 / $104,000)
  • 284%
  • (145,000 / $51,000)
20Woodlands National Bank 71 40%33%
  • 225%
  • (70,000 / $31,000)
  • 294%
  • (168,000 / $57,000)

Strathcona, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,544
  2. Loan Applications Denied: 1,333
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 4,845
  5. % of Loan Applications Originated 64

Strathcona, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Debt-to-income ratio9
Credit history8
Credit application incomplete2
Unverifiable information1

Strathcona, 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 - $100,0002,117 6318
$100,000 - $300,0005,162 6317
$300,000 - $500,000254 5717
$500,000 - $1,000,0009 4433
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Strathcona, 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 - $100,0006,043 6218
$100,000 - $300,0001,427 6913
$300,000 - $500,00057 7210
$500,000 - $1,000,00011 549
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 00
> $2,000,0004 5025

Loan to Income Ratios Research for Mortgage in Strathcona, 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%29959 25
30 - 60%37562 19
60 - 100%58466 15
100 - 200%1,98269 13
200 - 300%2,19265 16
300 - 400%1,30562 17
> 400%80745 32

Strathcona, 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 Dwelling6,926 6417
Not Owner-Occupied As A Principal Dwelling579 6317
Not Applicable7 4257

Home Owner Property Type Statistics in Strathcona, 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)6,795 6318
One To Four-Family543 715
Manufactured Housing206 5230
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