Top Timothy, MN Mortgage Lenders

RankTimothy Mortgage LenderTimothy Home Loans ProcessedTimothy Home Loans ApprovedTimothy Home Loans DeniedTimothy Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTimothy Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 601 70%12%
  • 171%
  • (390,000 Loan / $228,000 Income)
  • 202%
  • (170,000 Loan / $84,000 Income)
2Us Bank 321 83%10%
  • 221%
  • (215,000 / $97,000)
  • 238%
  • (509,000 / $213,000)
3Jpmorgan Chase Bank 168 85%10%
  • 228%
  • (304,000 / $133,000)
  • 304%
  • (143,000 / $47,000)
4Countrywide Bank Fsb 100 73%17%
  • 252%
  • (285,000 / $113,000)
  • 304%
  • (381,000 / $125,000)
5Citimortgage 94 73%13%
  • 186%
  • (263,000 / $141,000)
  • 318%
  • (121,000 / $38,000)
6Riverwood Bank 92 80%4%
  • 226%
  • (417,000 / $184,000)
  • 269%
  • (375,000 / $139,000)
7Bank Of America 83 74%14%
  • 182%
  • (214,000 / $117,000)
  • 344%
  • (269,000 / $78,000)
8Countrywide Home Loans 62 80%11%
  • 233%
  • (112,000 / $48,000)
  • 236%
  • (170,000 / $72,000)
9The Business Bank 49 91%4%
  • 154%
  • (193,000 / $125,000)
  • 416%
  • (200,000 / $48,000)
10Citibank 47 76%8%
  • 99%
  • (155,000 / $156,000)
  • 90%
  • (150,000 / $165,000)
11Affinity Plus Federal Credit U 41 68%2%
  • 140%
  • (148,000 / $105,000)
  • 10%
  • (13,000 / $123,000)
12Unity Bank 39 76%12%
  • 140%
  • (45,000 / $32,000)
  • 285%
  • (180,000 / $63,000)
13Us Bank North Dakota 38 36%36%
  • 172%
  • (117,000 / $68,000)
  • 206%
  • (165,000 / $80,000)
14Wells Fargo Funding 35 100%0%
  • 150%
  • (200,000 / $133,000)
0
15Provident Funding Associates 35 68%20%
  • 192%
  • (382,000 / $198,000)
  • 306%
  • (368,000 / $120,000)
16Us Bk Na Nd 29 44%48%
  • 98%
  • (129,000 / $131,000)
  • 252%
  • (101,000 / $40,000)
17Bell America Mortgage Llc Dba 27 70%7%
  • 165%
  • (417,000 / $252,000)
  • 403%
  • (246,000 / $61,000)
18Frandsen Bank & Trust 25 92%0%
  • 225%
  • (192,000 / $85,000)
0
19Mortgage Guaranty Insurance Co 23 69%4%
  • 272%
  • (128,000 / $47,000)
  • 101%
  • (105,000 / $103,000)
20Quicken Loans 22 72%13%
  • 237%
  • (164,000 / $69,000)
  • 452%
  • (172,000 / $38,000)

Timothy, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,127
  2. Loan Applications Denied: 437
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,219
  5. % of Loan Applications Originated 70

Timothy, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Debt-to-income ratio14
Credit history10
Credit application incomplete4
Unverifiable information3

Timothy, 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 - $100,000514 6415
$100,000 - $300,0001,690 7013
$300,000 - $500,000748 7412
$500,000 - $1,000,000143 6618
$1,000,000 - $1,500,00024 6616
$1,500,000 - $2,000,0004 750
> $2,000,0004 750

Timothy, 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 - $100,0001,544 6418
$100,000 - $300,0001,252 769
$300,000 - $500,000212 7313
$500,000 - $1,000,00093 873
$1,000,000 - $1,500,00016 816
$1,500,000 - $2,000,0004 750
> $2,000,0006 830

Loan to Income Ratios Research for Mortgage in Timothy, 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%6364 14
30 - 60%16768 16
60 - 100%34578 8
100 - 200%99075 10
200 - 300%71371 12
300 - 400%42567 16
> 400%42457 25

Timothy, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling1,550 789
Owner-Occupied As A Principal Dwelling1,532 6318
Not Applicable9 5522

Home Owner Property Type Statistics in Timothy, 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)2,970 7113
One To Four-Family84 774
Manufactured Housing73 5735
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