Top Troy, MN Mortgage Lenders

RankTroy Mortgage LenderTroy Home Loans ProcessedTroy Home Loans ApprovedTroy Home Loans DeniedTroy Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTroy Mortgage Median LTR for Denied Loans
1Hometown Bank 227 84%8%
  • 134%
  • (169,000 Loan / $126,000 Income)
  • 250%
  • (50,000 Loan / $20,000 Income)
2Wells Fargo Bank 93 51%27%
  • 160%
  • (104,000 / $65,000)
  • 132%
  • (57,000 / $43,000)
3Trustone Financial Fcu 91 57%10%
  • 100%
  • (60,000 / $60,000)
  • 176%
  • (44,000 / $25,000)
4Mortgage Guaranty Insurance Co 55 52%18%
  • 222%
  • (334,000 / $150,000)
  • 217%
  • (63,000 / $29,000)
5Jpmorgan Chase Bank 47 80%14%
  • 232%
  • (144,000 / $62,000)
  • 122%
  • (61,000 / $50,000)
6Minnwest Bank Mv 44 90%9%
  • 70%
  • (35,000 / $50,000)
  • 252%
  • (58,000 / $23,000)
7Citifinancial Services Inc 30 40%40%
  • 150%
  • (57,000 / $38,000)
  • 48%
  • (17,000 / $35,000)
8National City Bank 21 85%4%
  • 173%
  • (125,000 / $72,000)
  • 589%
  • (218,000 / $37,000)
9Hfc Company Llc 20 5%75%
  • 159%
  • (51,000 / $32,000)
  • 128%
  • (98,000 / $76,000)
10Gmac Mortgage Llc 17 5%70%
  • 130%
  • (60,000 / $46,000)
  • 245%
  • (59,000 / $24,000)
11Countrywide Bank Fsb 17 70%23%
  • 130%
  • (123,000 / $94,000)
  • 151%
  • (88,000 / $58,000)
12Citimortgage 17 88%0%
  • 158%
  • (68,000 / $43,000)
0
13Beneficial Company Llc 15 6%93%
  • 213%
  • (94,000 / $44,000)
  • 160%
  • (53,000 / $33,000)
14Mortgage Services Iii, L.L.C. 14 71%14%
  • 190%
  • (84,000 / $44,000)
  • 207%
  • (81,000 / $39,000)
15Wells Fargo Funding 12 100%0%
  • 152%
  • (61,000 / $40,000)
0
16Wells Fargo Fin'l Minnesota 12 16%66%
  • 327%
  • (223,000 / $68,000)
  • 101%
  • (78,000 / $77,000)
17Genworth Mortgage Insurance Co 12 41%0%
  • 213%
  • (94,000 / $44,000)
0
18Bank Of America 12 75%16%
  • 183%
  • (101,000 / $55,000)
  • 250%
  • (120,000 / $48,000)
19Minnwest Mortgage Corporation 11 45%18%
  • 204%
  • (200,000 / $98,000)
  • 315%
  • (161,000 / $51,000)
20Freedom Mortgage Corp. 11 45%18%
  • 260%
  • (65,000 / $25,000)
  • 376%
  • (237,000 / $63,000)

Troy, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,100
  2. Loan Applications Denied: 228
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 676
  5. % of Loan Applications Originated 61

Troy, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral8
Debt-to-income ratio7
Credit application incomplete4
Unverifiable information1

Troy, 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 - $100,000697 5923
$100,000 - $300,000388 6316
$300,000 - $500,00013 617
$500,000 - $1,000,0002 1000

Troy, 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 - $100,000958 5821
$100,000 - $300,000135 7513
$300,000 - $500,0004 750
$500,000 - $1,000,0003 1000

Loan to Income Ratios Research for Mortgage in Troy, 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%6558 18
30 - 60%8064 22
60 - 100%14667 18
100 - 200%43064 18
200 - 300%26158 22
300 - 400%8445 22
> 400%3441 44

Troy, 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 Dwelling1,063 6120
Not Owner-Occupied As A Principal Dwelling29 7213
Not Applicable7 5714

Home Owner Property Type Statistics in Troy, 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)986 6121
One To Four-Family97 6210
Manufactured Housing17 4141
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