Top Sylvan, MN Mortgage Lenders

RankSylvan Mortgage LenderSylvan Home Loans ProcessedSylvan Home Loans ApprovedSylvan Home Loans DeniedSylvan Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSylvan Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 312 68%10%
  • 207%
  • (320,000 Loan / $154,000 Income)
  • 253%
  • (185,000 Loan / $73,000 Income)
2Us Bank 143 81%9%
  • 237%
  • (107,000 / $45,000)
  • 323%
  • (110,000 / $34,000)
3Jpmorgan Chase Bank 112 86%10%
  • 204%
  • (256,000 / $125,000)
  • 220%
  • (128,000 / $58,000)
4Affinity Plus Federal Credit U 90 62%7%
  • 132%
  • (129,000 / $97,000)
  • 254%
  • (130,000 / $51,000)
5Countrywide Bank Fsb 84 66%17%
  • 211%
  • (108,000 / $51,000)
  • 221%
  • (261,000 / $118,000)
6Citimortgage 83 90%6%
  • 255%
  • (370,000 / $145,000)
  • 211%
  • (133,000 / $63,000)
7Pine River State Bank 56 85%7%
  • 91%
  • (45,000 / $49,000)
  • 309%
  • (65,000 / $21,000)
8Unity Bank 51 78%17%
  • 181%
  • (60,000 / $33,000)
  • 213%
  • (64,000 / $30,000)
9Citibank 49 69%14%
  • 143%
  • (125,000 / $87,000)
  • 330%
  • (86,000 / $26,000)
10Countrywide Home Loans 46 84%13%
  • 294%
  • (265,000 / $90,000)
  • 244%
  • (61,000 / $25,000)
11Riverwood Bank 39 74%5%
  • 277%
  • (344,000 / $124,000)
  • 233%
  • (261,000 / $112,000)
12Beneficial Company Llc 30 10%83%
  • 160%
  • (66,000 / $41,000)
  • 322%
  • (158,000 / $49,000)
13Mortgage Guaranty Insurance Co 29 82%6%
  • 237%
  • (287,000 / $121,000)
  • 365%
  • (303,000 / $83,000)
14Bank Of America 29 86%3%
  • 334%
  • (174,000 / $52,000)
  • 255%
  • (115,000 / $45,000)
15Flagstar Bank 25 68%16%
  • 227%
  • (134,000 / $59,000)
  • 414%
  • (232,000 / $56,000)
16Quicken Loans 22 59%36%
  • 220%
  • (154,000 / $70,000)
  • 300%
  • (60,000 / $20,000)
17Nationstar Mortgage Llc 22 63%13%
  • 257%
  • (314,000 / $122,000)
  • 366%
  • (99,000 / $27,000)
18Gmac Mortgage Llc 22 13%50%
  • 326%
  • (124,000 / $38,000)
  • 404%
  • (101,000 / $25,000)
19Us Bank North Dakota 21 38%42%
  • 133%
  • (76,000 / $57,000)
  • 204%
  • (417,000 / $204,000)
20United Guaranty Corporation 21 71%4%
  • 205%
  • (162,000 / $79,000)
  • 338%
  • (132,000 / $39,000)

Sylvan, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,083
  2. Loan Applications Denied: 331
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,434
  5. % of Loan Applications Originated 68

Sylvan, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio8
Credit history8
Unverifiable information2
Credit application incomplete2

Sylvan, 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 - $100,000498 6517
$100,000 - $300,0001,183 6716
$300,000 - $500,000323 7612
$500,000 - $1,000,00061 6613
$1,000,000 - $1,500,00015 4640
$1,500,000 - $2,000,0003 990

Sylvan, 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 - $100,0001,379 6318
$100,000 - $300,000543 7711
$300,000 - $500,000105 856
$500,000 - $1,000,00038 7315
$1,000,000 - $1,500,00015 866
$1,500,000 - $2,000,0002 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Sylvan, 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%6570 16
30 - 60%11571 17
60 - 100%18576 11
100 - 200%58575 9
200 - 300%53469 13
300 - 400%32561 21
> 400%27453 27

Sylvan, 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 Dwelling1,564 6417
Not Owner-Occupied As A Principal Dwelling501 8110
Not Applicable5 6020

Home Owner Property Type Statistics in Sylvan, 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)1,868 6815
Manufactured Housing111 6230
One To Four-Family104 745
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