Top Swede Grove, MN Mortgage Lenders

RankSwede Grove Mortgage LenderSwede Grove Home Loans ProcessedSwede Grove Home Loans ApprovedSwede Grove Home Loans DeniedSwede Grove Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSwede Grove Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 258 69%12%
  • 205%
  • (41,000 Loan / $20,000 Income)
  • 224%
  • (130,000 Loan / $58,000 Income)
2Center National Bank 70 85%11%
  • 180%
  • (325,000 / $180,000)
  • 346%
  • (170,000 / $49,000)
3Jpmorgan Chase Bank 57 84%12%
  • 192%
  • (162,000 / $84,000)
  • 210%
  • (120,000 / $57,000)
4Beneficial Company Llc 37 5%72%
  • 254%
  • (173,000 / $68,000)
  • 239%
  • (115,000 / $48,000)
5Phh Mortgage Corporation 36 86%0%
  • 195%
  • (123,000 / $63,000)
0
6Mortgage Guaranty Insurance Co 33 84%3%
  • 200%
  • (118,000 / $59,000)
  • 187%
  • (247,000 / $132,000)
7Countrywide Bank Fsb 31 74%16%
  • 266%
  • (104,000 / $39,000)
  • 237%
  • (226,000 / $95,000)
8Citimortgage 30 80%3%
  • 239%
  • (285,000 / $119,000)
  • 395%
  • (190,000 / $48,000)
9Central Minnesota Cu 25 72%8%
  • 188%
  • (228,000 / $121,000)
  • 229%
  • (147,000 / $64,000)
10Midcountry Bank 24 54%37%
  • 95%
  • (128,000 / $134,000)
  • 255%
  • (227,000 / $89,000)
11Bank Of America 24 79%8%
  • 263%
  • (108,000 / $41,000)
  • 252%
  • (63,000 / $25,000)
12Embrace Home Loans, 22 0%50% 0
  • 208%
  • (125,000 / $60,000)
13Us Bank 21 76%19%
  • 171%
  • (113,000 / $66,000)
  • 151%
  • (103,000 / $68,000)
14Countrywide Home Loans 21 80%19%
  • 317%
  • (184,000 / $58,000)
  • 137%
  • (266,000 / $194,000)
15Citibank 21 71%14%
  • 182%
  • (75,000 / $41,000)
  • 177%
  • (256,000 / $144,000)
16Central Mn Cu 21 47%19%
  • 217%
  • (100,000 / $46,000)
  • 352%
  • (300,000 / $85,000)
17United Guaranty Corporation 18 66%0%
  • 240%
  • (356,000 / $148,000)
0
18Cornerstone Mortgage Company 17 82%0%
  • 256%
  • (77,000 / $30,000)
0
19Wells Fargo Funding 16 100%0% 0 0
20Bank Of The West 15 93%6%
  • 222%
  • (120,000 / $54,000)
  • 475%
  • (152,000 / $32,000)

Swede Grove, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,256
  2. Loan Applications Denied: 223
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 802
  5. % of Loan Applications Originated 63

Swede Grove, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history11
Collateral10
Debt-to-income ratio8
Unverifiable information1
Insufficient cash (downpayment, closing costs)1

Swede Grove, 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 - $100,000433 6316
$100,000 - $300,000759 6218
$300,000 - $500,00063 6711
$500,000 - $1,000,0001 1000

Swede Grove, 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 - $100,0001,045 6318
$100,000 - $300,000196 6514
$300,000 - $500,00012 6625
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for Mortgage in Swede Grove, 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%4767 23
30 - 60%6261 14
60 - 100%9973 12
100 - 200%36366 13
200 - 300%36964 16
300 - 400%19154 23
> 400%12556 28

Swede Grove, 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 Dwelling1,175 6218
Not Owner-Occupied As A Principal Dwelling69 814
Not Applicable5 4040

Home Owner Property Type Statistics in Swede Grove, 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)1,114 6218
One To Four-Family93 761
Manufactured Housing49 6128
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