Top Sundown, MN Mortgage Lenders

RankSundown Mortgage LenderSundown Home Loans ProcessedSundown Home Loans ApprovedSundown Home Loans DeniedSundown Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSundown Mortgage Median LTR for Denied Loans
1Jpmorgan Chase Bank 31 93%6%
  • 244%
  • (110,000 Loan / $45,000 Income)
  • 172%
  • (112,000 Loan / $65,000 Income)
2Minnwest Bank Mv 25 76%20%
  • 47%
  • (10,000 / $21,000)
  • 52%
  • (11,000 / $21,000)
3Woodlands National Bank 22 22%54%
  • 234%
  • (286,000 / $122,000)
  • 213%
  • (179,000 / $84,000)
4Wells Fargo Bank 21 57%28%
  • 197%
  • (77,000 / $39,000)
  • 135%
  • (104,000 / $77,000)
5Citimortgage 21 85%4%
  • 218%
  • (127,000 / $58,000)
  • 296%
  • (77,000 / $26,000)
6Bremer Bank Na (Willmar) 12 83%0%
  • 154%
  • (119,000 / $77,000)
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7Hometown Bank 11 90%9%
  • 161%
  • (187,000 / $116,000)
  • 112%
  • (9,000 / $8,000)
8Countrywide Bank Fsb 11 81%9%
  • 371%
  • (78,000 / $21,000)
  • 171%
  • (72,000 / $42,000)
9Citibank 11 63%9%
  • 86%
  • (51,000 / $59,000)
  • 66%
  • (40,000 / $60,000)
10Countrywide Home Loans 10 80%10%
  • 320%
  • (48,000 / $15,000)
  • 390%
  • (86,000 / $22,000)
11Beneficial Company Llc 10 10%80%
  • 79%
  • (55,000 / $69,000)
  • 125%
  • (75,000 / $60,000)
12Wells Fargo Fin'l Minnesota 9 33%55%
  • 189%
  • (106,000 / $56,000)
  • 301%
  • (205,000 / $68,000)
13Minnwest Mortgage Corporation 8 50%12%
  • 326%
  • (137,000 / $42,000)
  • 600%
  • (60,000 / $10,000)
14Mortgage Guaranty Insurance Co 7 42%42%
  • 205%
  • (324,000 / $158,000)
  • 163%
  • (126,000 / $77,000)
15Genworth Mortgage Insurance Co 7 71%14%
  • 257%
  • (49,000 / $19,000)
  • 210%
  • (179,000 / $85,000)
16United Guaranty Corporation 6 66%16%
  • 308%
  • (244,000 / $79,000)
  • 210%
  • (179,000 / $85,000)
17Embrace Home Loans, 6 0%33% 0
  • 497%
  • (204,000 / $41,000)
18Bank Of America 6 83%16%
  • 410%
  • (156,000 / $38,000)
  • 123%
  • (110,000 / $89,000)
19Citizens Bank Minnesota 5 60%40%
  • 63%
  • (60,000 / $94,000)
  • 386%
  • (85,000 / $22,000)
20Wachovia Mortgage Fsb 4 25%50%
  • 420%
  • (126,000 / $30,000)
  • 216%
  • (54,000 / $25,000)

Sundown, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 322
  2. Loan Applications Denied: 75
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 194
  5. % of Loan Applications Originated 60

Sundown, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral8
Debt-to-income ratio4
Credit application incomplete3
Unverifiable information1

Sundown, 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 - $100,000187 5728
$100,000 - $300,000125 6216
$300,000 - $500,00010 7010

Sundown, 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 - $100,000280 5924
$100,000 - $300,00040 6717
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Sundown, 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%1668 12
30 - 60%2556 40
60 - 100%4155 24
100 - 200%10263 20
200 - 300%7355 24
300 - 400%4357 23
> 400%2268 18

Sundown, 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 Dwelling316 5923
Not Owner-Occupied As A Principal Dwelling6 1000

Home Owner Property Type Statistics in Sundown, 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)290 6123
One To Four-Family26 5723
Manufactured Housing6 3333
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