Top Sumner, MN Mortgage Lenders

RankSumner Mortgage LenderSumner Home Loans ProcessedSumner Home Loans ApprovedSumner Home Loans DeniedSumner Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSumner Mortgage Median LTR for Denied Loans
1Home Federal Savings Bank 376 65%11%
  • 173%
  • (85,000 Loan / $49,000 Income)
  • 122%
  • (148,000 Loan / $121,000 Income)
2Wells Fargo Bank 365 67%17%
  • 203%
  • (59,000 / $29,000)
  • 177%
  • (124,000 / $70,000)
3F & M Community Bank 174 97%2%
  • 162%
  • (120,000 / $74,000)
  • 105%
  • (63,000 / $60,000)
4Think Mutual Bank 126 73%6%
  • 139%
  • (176,000 / $126,000)
  • 154%
  • (96,000 / $62,000)
5Associated Bank 97 60%15%
  • 206%
  • (62,000 / $30,000)
  • 156%
  • (127,000 / $81,000)
6Eastwood Bank 94 81%5%
  • 185%
  • (180,000 / $97,000)
  • 262%
  • (97,000 / $37,000)
7Agstar Financial Services 79 56%7%
  • 157%
  • (525,000 / $333,000)
  • 132%
  • (103,000 / $78,000)
8Qr Lending Inc 73 46%13%
  • 177%
  • (62,000 / $35,000)
  • 264%
  • (45,000 / $17,000)
9Security State Bank - Lewiston 68 77%22%
  • 78%
  • (83,000 / $106,000)
  • 109%
  • (45,000 / $41,000)
10Bank Of America 53 69%16%
  • 290%
  • (122,000 / $42,000)
  • 267%
  • (83,000 / $31,000)
11Mayo Employees Federal Cu 45 86%11%
  • 52%
  • (29,000 / $55,000)
  • 137%
  • (158,000 / $115,000)
12Jpmorgan Chase Bank 43 83%13%
  • 190%
  • (185,000 / $97,000)
  • 358%
  • (111,000 / $31,000)
13Genworth Mortgage Insurance Co 43 60%2%
  • 246%
  • (79,000 / $32,000)
  • 306%
  • (95,000 / $31,000)
14Us Bank 41 75%17%
  • 195%
  • (158,000 / $81,000)
  • 140%
  • (52,000 / $37,000)
15Countrywide Bank Fsb 40 70%12%
  • 187%
  • (174,000 / $93,000)
  • 265%
  • (69,000 / $26,000)
16Beneficial Company Llc 39 7%87%
  • 218%
  • (155,000 / $71,000)
  • 205%
  • (119,000 / $58,000)
17Affinity Plus Federal Credit U 39 82%5%
  • 98%
  • (145,000 / $147,000)
  • 167%
  • (117,000 / $70,000)
18Mortgage Guaranty Insurance Co 37 78%8%
  • 209%
  • (44,000 / $21,000)
  • 309%
  • (127,000 / $41,000)
19Embrace Home Loans, 34 5%58%
  • 328%
  • (69,000 / $21,000)
  • 287%
  • (244,000 / $85,000)
20Associated Bank Na 33 72%21%
  • 228%
  • (347,000 / $152,000)
  • 192%
  • (81,000 / $42,000)

Sumner, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,692
  2. Loan Applications Denied: 475
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,722
  5. % of Loan Applications Originated 63

Sumner, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history13
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Sumner, 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 - $100,0001,331 6319
$100,000 - $300,0001,274 6315
$300,000 - $500,00076 6619
$500,000 - $1,000,00010 8010
$1,000,000 - $1,500,0001 0100

Sumner, 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 - $100,0002,232 6218
$100,000 - $300,000439 7212
$300,000 - $500,00014 927
$500,000 - $1,000,0004 500
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Sumner, 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%17671 17
30 - 60%19164 21
60 - 100%25368 21
100 - 200%86264 15
200 - 300%68265 14
300 - 400%34258 19
> 400%18647 25

Sumner, 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 Dwelling2,584 6317
Not Owner-Occupied As A Principal Dwelling103 7411
Not Applicable3 660

Home Owner Property Type Statistics in Sumner, 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)2,470 6317
One To Four-Family162 747
Manufactured Housing60 5635
More Sumner, MN Mortgage Research: