Top Thomson, MN Mortgage Lenders

RankThomson Mortgage LenderThomson Home Loans ProcessedThomson Home Loans ApprovedThomson Home Loans DeniedThomson Mortgage Median Loan to Income Ratio (LTR) for Approved LoansThomson Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 691 62%18%
  • 203%
  • (270,000 Loan / $133,000 Income)
  • 205%
  • (150,000 Loan / $73,000 Income)
2North Shore Bank Of Commerce 215 87%5%
  • 244%
  • (149,000 / $61,000)
  • 177%
  • (248,000 / $140,000)
3Members Cooperative Credit Uni 209 71%15%
  • 69%
  • (25,000 / $36,000)
  • 262%
  • (105,000 / $40,000)
4Us Bank 171 84%10%
  • 238%
  • (198,000 / $83,000)
  • 292%
  • (149,000 / $51,000)
5Countrywide Bank Fsb 161 75%13%
  • 202%
  • (95,000 / $47,000)
  • 273%
  • (142,000 / $52,000)
6Flagstar Bank 116 71%13%
  • 231%
  • (160,000 / $69,000)
  • 290%
  • (209,000 / $72,000)
7Phh Mortgage Corporation 114 85%2%
  • 228%
  • (226,000 / $99,000)
  • 287%
  • (112,000 / $39,000)
8Mortgage Guaranty Insurance Co 110 82%2%
  • 252%
  • (179,000 / $71,000)
  • 243%
  • (329,000 / $135,000)
9Countrywide Home Loans 95 89%7%
  • 251%
  • (108,000 / $43,000)
  • 250%
  • (105,000 / $42,000)
10Woodlands National Bank 89 51%23%
  • 188%
  • (224,000 / $119,000)
  • 281%
  • (76,000 / $27,000)
11Consumer Loan Services Llc 89 60%25%
  • 220%
  • (176,000 / $80,000)
  • 226%
  • (52,000 / $23,000)
12Us Bank North Dakota 82 43%31%
  • 73%
  • (67,000 / $91,000)
  • 70%
  • (59,000 / $84,000)
13Jpmorgan Chase Bank 77 75%22%
  • 219%
  • (103,000 / $47,000)
  • 206%
  • (240,000 / $116,000)
14Beneficial Company Llc 73 10%60%
  • 49%
  • (44,000 / $89,000)
  • 211%
  • (125,000 / $59,000)
15Citimortgage 70 75%8%
  • 215%
  • (200,000 / $93,000)
  • 321%
  • (251,000 / $78,000)
16Bank Of America 66 83%6%
  • 216%
  • (132,000 / $61,000)
  • 291%
  • (233,000 / $80,000)
17Wells Fargo Fin'l Minnesota 64 14%60%
  • 276%
  • (235,000 / $85,000)
  • 183%
  • (125,000 / $68,000)
18United Guaranty Corporation 61 77%0%
  • 265%
  • (93,000 / $35,000)
0
19Affinity Plus Federal Credit U 58 70%5%
  • 161%
  • (58,000 / $36,000)
  • 294%
  • (56,000 / $19,000)
20Cornerstone State Bank 56 78%14%
  • 138%
  • (115,000 / $83,000)
  • 213%
  • (32,000 / $15,000)

Thomson, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,079
  2. Loan Applications Denied: 673
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 2,765
  5. % of Loan Applications Originated 67

Thomson, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral10
Credit history9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Thomson, 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 - $100,0001,459 6718
$100,000 - $300,0002,514 6715
$300,000 - $500,000103 6714
$500,000 - $1,000,0003 3366

Thomson, 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 - $100,0003,486 6716
$100,000 - $300,000576 7015
$300,000 - $500,00011 7227
$500,000 - $1,000,0004 050
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Thomson, 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%19764 20
30 - 60%24469 19
60 - 100%27865 18
100 - 200%1,00770 14
200 - 300%1,28369 13
300 - 400%72767 16
> 400%34353 27

Thomson, 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 Dwelling3,903 6716
Not Owner-Occupied As A Principal Dwelling166 6627
Not Applicable6 8316

Home Owner Property Type Statistics in Thomson, 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)3,654 6617
One To Four-Family350 771
Manufactured Housing75 6526
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