Top Vernon, MN Mortgage Lenders

RankVernon Mortgage LenderVernon Home Loans ProcessedVernon Home Loans ApprovedVernon Home Loans DeniedVernon Mortgage Median Loan to Income Ratio (LTR) for Approved LoansVernon Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 245 64%17%
  • 218%
  • (205,000 Loan / $94,000 Income)
  • 229%
  • (177,000 Loan / $77,000 Income)
2Eastwood Bank 95 69%15%
  • 191%
  • (165,000 / $86,000)
  • 98%
  • (98,000 / $100,000)
3Think Mutual Bank 76 78%6%
  • 159%
  • (225,000 / $141,000)
  • 211%
  • (250,000 / $118,000)
4Agstar Financial Services 76 59%5%
  • 185%
  • (115,000 / $62,000)
  • 564%
  • (192,000 / $34,000)
5Merchants Bank 64 67%7%
  • 231%
  • (111,000 / $48,000)
  • 485%
  • (238,000 / $49,000)
6Home Federal Savings Bank 41 65%14%
  • 139%
  • (102,000 / $73,000)
  • 178%
  • (50,000 / $28,000)
7Jpmorgan Chase Bank 38 94%2%
  • 192%
  • (121,000 / $63,000)
  • 482%
  • (111,000 / $23,000)
8Citizens State Bank Of Hayfiel 37 91%5%
  • 53%
  • (50,000 / $93,000)
  • 79%
  • (35,000 / $44,000)
9Mayo Employees Federal Cu 34 82%8%
  • 44%
  • (49,000 / $111,000)
  • 51%
  • (40,000 / $78,000)
10Qr Lending Inc 28 71%10%
  • 172%
  • (162,000 / $94,000)
  • 243%
  • (224,000 / $92,000)
11Genworth Mortgage Insurance Co 27 59%3%
  • 255%
  • (179,000 / $70,000)
  • 254%
  • (173,000 / $68,000)
12United Guaranty Corporation 26 61%15%
  • 248%
  • (219,000 / $88,000)
  • 303%
  • (200,000 / $66,000)
13Countrywide Bank Fsb 25 64%12%
  • 258%
  • (181,000 / $70,000)
  • 275%
  • (215,000 / $78,000)
14Bank Of America 23 86%4%
  • 268%
  • (86,000 / $32,000)
  • 388%
  • (233,000 / $60,000)
15Associated Bank 23 73%8%
  • 200%
  • (158,000 / $79,000)
  • 392%
  • (255,000 / $65,000)
16Us Bank 22 86%4%
  • 244%
  • (220,000 / $90,000)
  • 327%
  • (144,000 / $44,000)
17Prime Lending 21 71%23%
  • 251%
  • (131,000 / $52,000)
  • 136%
  • (182,000 / $133,000)
18Affinity Plus Federal Credit U 21 61%0%
  • 113%
  • (52,000 / $46,000)
0
19Citimortgage 20 65%10%
  • 169%
  • (137,000 / $81,000)
  • 279%
  • (215,000 / $77,000)
20Us Bank North Dakota 15 40%46%
  • 176%
  • (150,000 / $85,000)
  • 78%
  • (29,000 / $37,000)

Vernon, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,385
  2. Loan Applications Denied: 217
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 904
  5. % of Loan Applications Originated 65

Vernon, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Debt-to-income ratio8
Credit history8
Credit application incomplete3
Unverifiable information0

Vernon, 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 - $100,000460 6717
$100,000 - $300,000855 6314
$300,000 - $500,00065 6015
$500,000 - $1,000,0005 800

Vernon, 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 - $100,0001,023 6317
$100,000 - $300,000349 6810
$300,000 - $500,0009 6611
$500,000 - $1,000,0002 1000
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in Vernon, 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%8169 18
30 - 60%10062 21
60 - 100%10964 16
100 - 200%36770 12
200 - 300%43166 12
300 - 400%17157 19
> 400%12651 21

Vernon, 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 Dwelling1,316 6515
Not Owner-Occupied As A Principal Dwelling64 6725

Home Owner Property Type Statistics in Vernon, 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)1,259 6515
One To Four-Family101 705
Manufactured Housing25 4848
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