Top Vernon Center, MN Mortgage Lenders

RankVernon Center Mortgage LenderVernon Center Home Loans ProcessedVernon Center Home Loans ApprovedVernon Center Home Loans DeniedVernon Center Mortgage Median Loan to Income Ratio (LTR) for Approved LoansVernon Center Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 140 60%19%
  • 200%
  • (253,000 Loan / $126,000 Income)
  • 153%
  • (184,000 Loan / $120,000 Income)
2Agstar Financial Services 28 57%14%
  • 178%
  • (136,000 / $76,000)
  • 671%
  • (235,000 / $35,000)
3Affinity Plus Federal Credit U 26 53%11%
  • 128%
  • (59,000 / $46,000)
  • 67%
  • (52,000 / $77,000)
4Wells Fargo Fin'l Minnesota 25 16%60%
  • 229%
  • (110,000 / $48,000)
  • 203%
  • (157,000 / $77,000)
5Community Bank Mankato 23 91%8%
  • 164%
  • (74,000 / $45,000)
  • 349%
  • (185,000 / $53,000)
6Us Bank 15 93%0%
  • 157%
  • (96,000 / $61,000)
0
7Minnstar Bank N.A. 15 80%20%
  • 87%
  • (65,000 / $74,000)
  • 205%
  • (82,000 / $40,000)
8Jpmorgan Chase Bank 15 73%26%
  • 314%
  • (198,000 / $63,000)
  • 166%
  • (83,000 / $50,000)
9Countrywide Bank Fsb 14 78%21%
  • 220%
  • (132,000 / $60,000)
  • 293%
  • (85,000 / $29,000)
10Wells Federal Bank 12 75%0%
  • 202%
  • (101,000 / $50,000)
0
11Tcf National Bank 11 36%45%
  • 121%
  • (62,000 / $51,000)
  • 325%
  • (65,000 / $20,000)
12Mortgage Guaranty Insurance Co 11 63%9%
  • 248%
  • (184,000 / $74,000)
  • 300%
  • (102,000 / $34,000)
13Citifinancial Services Inc 11 9%27%
  • 190%
  • (42,000 / $22,000)
  • 114%
  • (16,000 / $14,000)
14Quicken Loans 10 70%30%
  • 289%
  • (110,000 / $38,000)
  • 392%
  • (55,000 / $14,000)
15Genworth Mortgage Insurance Co 9 44%0%
  • 221%
  • (93,000 / $42,000)
0
16Hfc Company Llc 8 12%75%
  • 226%
  • (213,000 / $94,000)
  • 396%
  • (408,000 / $103,000)
17First Financial Bank 8 75%25%
  • 82%
  • (103,000 / $125,000)
  • 347%
  • (80,000 / $23,000)
18Countrywide Home Loans 8 100%0%
  • 148%
  • (178,000 / $120,000)
0
19Us Bank North Dakota 7 42%42%
  • 91%
  • (84,000 / $92,000)
  • 79%
  • (27,000 / $34,000)
20Citimortgage 7 85%14%
  • 78%
  • (68,000 / $87,000)
  • 105%
  • (82,000 / $78,000)

Vernon Center, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 541
  2. Loan Applications Denied: 120
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 314
  5. % of Loan Applications Originated 58

Vernon Center, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history13
Debt-to-income ratio10
Unverifiable information1
Credit application incomplete1

Vernon Center, 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 - $100,000271 5824
$100,000 - $300,000258 5620
$300,000 - $500,00012 6616

Vernon Center, 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 - $100,000486 5723
$100,000 - $300,00053 5715
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Vernon Center, 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%2958 13
30 - 60%3148 32
60 - 100%5663 21
100 - 200%16760 22
200 - 300%13162 12
300 - 400%8651 32
> 400%4145 31

Vernon Center, 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 Dwelling525 5721
Not Owner-Occupied As A Principal Dwelling14 5735
Not Applicable2 1000

Home Owner Property Type Statistics in Vernon Center, 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)496 5823
One To Four-Family34 612
Manufactured Housing11 4527
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