Top Vail, MN Mortgage Lenders

RankVail Mortgage LenderVail Home Loans ProcessedVail Home Loans ApprovedVail Home Loans DeniedVail Mortgage Median Loan to Income Ratio (LTR) for Approved LoansVail Mortgage Median LTR for Denied Loans
1Minnwest Bank Mv 66 84%15%
  • 66%
  • (26,000 Loan / $39,000 Income)
  • 160%
  • (90,000 Loan / $56,000 Income)
2Wells Fargo Bank 58 53%20%
  • 156%
  • (83,000 / $53,000)
  • 77%
  • (34,000 / $44,000)
3Jpmorgan Chase Bank 41 92%7%
  • 128%
  • (96,000 / $75,000)
  • 307%
  • (80,000 / $26,000)
4Bremer Bank Na (Willmar) 31 80%6%
  • 148%
  • (151,000 / $102,000)
  • 504%
  • (212,000 / $42,000)
5Integrity Bank Plus 30 86%10%
  • 71%
  • (47,000 / $66,000)
  • 126%
  • (19,000 / $15,000)
6Minnwest Mortgage Corporation 27 40%33%
  • 217%
  • (50,000 / $23,000)
  • 256%
  • (100,000 / $39,000)
7Wells Federal Bank 26 61%30%
  • 168%
  • (84,000 / $50,000)
  • 132%
  • (37,000 / $28,000)
8Hometown Bank 26 92%7%
  • 112%
  • (122,000 / $108,000)
  • 462%
  • (250,000 / $54,000)
9Genworth Mortgage Insurance Co 20 70%0%
  • 158%
  • (117,000 / $74,000)
0
10Countrywide Bank Fsb 19 68%15%
  • 194%
  • (105,000 / $54,000)
  • 96%
  • (63,000 / $65,000)
11Citimortgage 19 94%5%
  • 158%
  • (117,000 / $74,000)
  • 171%
  • (103,000 / $60,000)
12Mortgage Guaranty Insurance Co 17 58%0%
  • 200%
  • (66,000 / $33,000)
0
13Beneficial Company Llc 14 7%85%
  • 136%
  • (56,000 / $41,000)
  • 137%
  • (91,000 / $66,000)
14United Guaranty Corporation 12 66%0%
  • 250%
  • (60,000 / $24,000)
0
15Countrywide Home Loans 12 83%0%
  • 192%
  • (100,000 / $52,000)
0
16Bank Of America 11 72%27%
  • 376%
  • (173,000 / $46,000)
  • 163%
  • (209,000 / $128,000)
17Embrace Home Loans, 10 10%10%
  • 78%
  • (50,000 / $64,000)
  • 50%
  • (15,000 / $30,000)
18Trustone Financial Fcu 9 44%22%
  • 135%
  • (171,000 / $126,000)
  • 60%
  • (15,000 / $25,000)
19Hfc Company Llc 9 11%55%
  • 31%
  • (21,000 / $66,000)
  • 103%
  • (81,000 / $78,000)
20Wells Fargo Fin'l Minnesota 8 0%37% 0
  • 211%
  • (89,000 / $42,000)

Vail, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 687
  2. Loan Applications Denied: 124
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 441
  5. % of Loan Applications Originated 64

Vail, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral10
Debt-to-income ratio3
Insufficient cash (downpayment, closing costs)1
Credit application incomplete1

Vail, 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 - $100,000459 6021
$100,000 - $300,000225 7011
$300,000 - $500,0002 1000
$500,000 - $1,000,0001 1000

Vail, 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 - $100,000607 6319
$100,000 - $300,00077 717
$300,000 - $500,0003 6633

Loan to Income Ratios Research for Mortgage in Vail, 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%4660 21
30 - 60%6359 15
60 - 100%13364 16
100 - 200%21563 20
200 - 300%14964 14
300 - 400%5868 17
> 400%2360 30

Vail, 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 Dwelling660 6418
Not Owner-Occupied As A Principal Dwelling25 6420

Home Owner Property Type Statistics in Vail, 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)614 6320
One To Four-Family59 710
Manufactured Housing14 647
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