Top Torning, MN Mortgage Lenders

RankTorning Mortgage LenderTorning Home Loans ProcessedTorning Home Loans ApprovedTorning Home Loans DeniedTorning Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTorning Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 189 58%24%
  • 160%
  • (85,000 Loan / $53,000 Income)
  • 160%
  • (136,000 Loan / $85,000 Income)
2Bank Of The West 148 84%11%
  • 171%
  • (127,000 / $74,000)
  • 200%
  • (28,000 / $14,000)
3Riverwood Bank 122 71%13%
  • 85%
  • (57,000 / $67,000)
  • 314%
  • (44,000 / $14,000)
4Jpmorgan Chase Bank 64 82%14%
  • 130%
  • (65,000 / $50,000)
  • 151%
  • (138,000 / $91,000)
5Bank Of America 47 82%14%
  • 168%
  • (69,000 / $41,000)
  • 186%
  • (443,000 / $238,000)
6Us Bank 42 69%21%
  • 178%
  • (75,000 / $42,000)
  • 237%
  • (95,000 / $40,000)
7Citimortgage 37 78%10%
  • 180%
  • (54,000 / $30,000)
  • 172%
  • (74,000 / $43,000)
8Embrace Home Loans, 36 11%47%
  • 313%
  • (69,000 / $22,000)
  • 151%
  • (74,000 / $49,000)
9Citifinancial Services Inc 28 53%28%
  • 137%
  • (22,000 / $16,000)
  • 234%
  • (110,000 / $47,000)
10Beneficial Company Llc 25 4%72%
  • 161%
  • (50,000 / $31,000)
  • 197%
  • (83,000 / $42,000)
11C.U. Mortgage Services, 24 66%16%
  • 172%
  • (112,000 / $65,000)
  • 207%
  • (168,000 / $81,000)
12Genworth Mortgage Insurance Co 21 66%4%
  • 173%
  • (78,000 / $45,000)
  • 215%
  • (71,000 / $33,000)
13Affinity Plus Federal Credit U 21 85%0%
  • 57%
  • (200,000 / $345,000)
0
14Quicken Loans 18 55%33%
  • 255%
  • (115,000 / $45,000)
  • 236%
  • (168,000 / $71,000)
15Hfc Company Llc 18 16%66%
  • 233%
  • (84,000 / $36,000)
  • 195%
  • (41,000 / $21,000)
16Countrywide Bank Fsb 18 61%33%
  • 180%
  • (65,000 / $36,000)
  • 200%
  • (96,000 / $48,000)
17Mortgage Guaranty Insurance Co 17 82%0%
  • 175%
  • (151,000 / $86,000)
0
18Wells Fargo Funding 14 100%0% 0 0
19Phh Mortgage Corporation 14 85%7%
  • 203%
  • (116,000 / $57,000)
  • 337%
  • (182,000 / $54,000)
20Financial Security Bank 14 85%7%
  • 160%
  • (56,000 / $35,000)
  • 175%
  • (93,000 / $53,000)

Torning, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,384
  2. Loan Applications Denied: 292
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 867
  5. % of Loan Applications Originated 62

Torning, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral13
Debt-to-income ratio9
Credit application incomplete2
Unverifiable information1

Torning, 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 - $100,000823 6221
$100,000 - $300,000546 6220
$300,000 - $500,00013 5323
$500,000 - $1,000,0002 500

Torning, 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 - $100,0001,235 6122
$100,000 - $300,000137 6913
$300,000 - $500,0005 600
$500,000 - $1,000,0006 6616
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Torning, 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%7261 16
30 - 60%10367 20
60 - 100%15471 16
100 - 200%53062 19
200 - 300%30664 20
300 - 400%14350 30
> 400%7649 31

Torning, 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 Dwelling1,331 6220
Not Owner-Occupied As A Principal Dwelling47 6825
Not Applicable3 6633

Home Owner Property Type Statistics in Torning, 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)1,289 6122
One To Four-Family81 811
Manufactured Housing14 2850
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