Top Township, MN Mortgage Lenders

RankTownship Mortgage LenderTownship Home Loans ProcessedTownship Home Loans ApprovedTownship Home Loans DeniedTownship Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTownship Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 78 55%26%
  • 179%
  • (52,000 Loan / $29,000 Income)
  • 170%
  • (51,000 Loan / $30,000 Income)
2Merchants Bank 13 100%0%
  • 180%
  • (170,000 / $94,000)
0
3Jpmorgan Chase Bank 9 100%0%
  • 202%
  • (166,000 / $82,000)
0
4Citimortgage 9 66%0%
  • 232%
  • (86,000 / $37,000)
0
5Usaa Federal Savings Bank 6 66%33%
  • 183%
  • (110,000 / $60,000)
  • 237%
  • (88,000 / $37,000)
6New Day Financial, Llc 6 0%83% 0
  • 531%
  • (170,000 / $32,000)
7Affinity Plus Federal Credit U 6 33%16%
  • 187%
  • (92,000 / $49,000)
  • 72%
  • (26,000 / $36,000)
8Valley Mortgage Inc 5 60%0%
  • 135%
  • (114,000 / $84,000)
0
9Quicken Loans 5 40%60%
  • 314%
  • (302,000 / $96,000)
  • 332%
  • (93,000 / $28,000)
10Countrywide Bank Fsb 5 60%0%
  • 288%
  • (101,000 / $35,000)
0
11Us Bank 4 75%25%
  • 264%
  • (82,000 / $31,000)
  • 195%
  • (94,000 / $48,000)
12Countrywide Home Loans 4 75%0% 0 0
13Citibank 4 100%0%
  • 70%
  • (58,000 / $82,000)
0
14Wells Fargo Fin'l Minnesota 3 0%33% 0
  • 184%
  • (35,000 / $19,000)
15Nationstar Mortgage Llc 3 0%33% 0
  • 220%
  • (117,000 / $53,000)
16Homecomings Financial Llc 3 100%0%
  • 200%
  • (62,000 / $31,000)
0
17Hfc Company Llc 3 0%100% 0
  • 123%
  • (63,000 / $51,000)
18Embrace Home Loans, 3 33%33%
  • 188%
  • (115,000 / $61,000)
  • 443%
  • (164,000 / $37,000)
19Beneficial Company Llc 3 0%66% 0
  • 172%
  • (105,000 / $61,000)
20Home Loan Center 2 50%0%
  • 118%
  • (107,000 / $90,000)
0

Township, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 218
  2. Loan Applications Denied: 55
  3. % of Loan Applications Denied: 25
  4. # of Loan Originations: 124
  5. % of Loan Applications Originated 56

Township, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral29
Credit history29
Debt-to-income ratio27
Unverifiable information2
Employment history2

Township, 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 - $100,000130 5625
$100,000 - $300,00086 5525
$300,000 - $500,0002 1000

Township, 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 - $100,000196 5528
$100,000 - $300,00022 680

Loan to Income Ratios Research for Mortgage in Township, 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%1030 30
30 - 60%1978 5
60 - 100%2453 37
100 - 200%8654 22
200 - 300%5962 22
300 - 400%1060 30
> 400%1020 70

Township, 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 Dwelling203 5526
Not Owner-Occupied As A Principal Dwelling15 806

Home Owner Property Type Statistics in Township, 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)200 5825
Manufactured Housing18 4427
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