Top West Union, MN Mortgage Lenders

RankWest Union Mortgage LenderWest Union Home Loans ProcessedWest Union Home Loans ApprovedWest Union Home Loans DeniedWest Union Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWest Union Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 93 61%17%
  • 193%
  • (122,000 Loan / $63,000 Income)
  • 287%
  • (247,000 Loan / $86,000 Income)
2Central Minnesota Cu 52 86%5%
  • 133%
  • (99,000 / $74,000)
  • 286%
  • (192,000 / $67,000)
3Jpmorgan Chase Bank 48 89%8%
  • 255%
  • (102,000 / $40,000)
  • 285%
  • (154,000 / $54,000)
4Countrywide Bank Fsb 24 75%16%
  • 263%
  • (187,000 / $71,000)
  • 334%
  • (87,000 / $26,000)
5Central Mn Cu 23 60%21%
  • 177%
  • (140,000 / $79,000)
  • 243%
  • (90,000 / $37,000)
6Citimortgage 17 100%0%
  • 215%
  • (155,000 / $72,000)
0
7Agstar Financial Services 17 76%11%
  • 140%
  • (52,000 / $37,000)
  • 431%
  • (220,000 / $51,000)
8Us Bank 15 93%6%
  • 250%
  • (358,000 / $143,000)
  • 368%
  • (140,000 / $38,000)
9Bank Of America 15 53%13%
  • 348%
  • (275,000 / $79,000)
  • 486%
  • (209,000 / $43,000)
10Countrywide Home Loans 13 92%7%
  • 373%
  • (194,000 / $52,000)
  • 214%
  • (103,000 / $48,000)
11Beneficial Company Llc 13 7%69%
  • 182%
  • (161,000 / $88,000)
  • 289%
  • (171,000 / $59,000)
12Citibank 11 81%0%
  • 225%
  • (459,000 / $204,000)
0
13Affinity Plus Federal Credit U 11 81%9%
  • 112%
  • (124,000 / $110,000)
  • 177%
  • (80,000 / $45,000)
14Delta Funding Corporation 10 10%20%
  • 114%
  • (63,000 / $55,000)
  • 266%
  • (192,000 / $72,000)
15Us Bank North Dakota 8 37%37%
  • 78%
  • (75,000 / $96,000)
  • 61%
  • (59,000 / $96,000)
16Ally Bank F/K/A/ Gmac Bank 7 42%28%
  • 259%
  • (184,000 / $71,000)
  • 296%
  • (178,000 / $60,000)
17Wells Fargo Funding 6 100%0%
  • 141%
  • (65,000 / $46,000)
0
18Washington Mutual Bank 6 100%0%
  • 280%
  • (140,000 / $50,000)
0
19National City Bank 6 100%0%
  • 238%
  • (74,000 / $31,000)
0
20Wells Fargo Fin'l Minnesota 5 0%60% 0
  • 305%
  • (55,000 / $18,000)

West Union, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 620
  2. Loan Applications Denied: 94
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 419
  5. % of Loan Applications Originated 67

West Union, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history12
Debt-to-income ratio11
Unverifiable information1
Insufficient cash (downpayment, closing costs)1

West Union, 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 - $100,000176 6515
$100,000 - $300,000430 6715
$300,000 - $500,00014 857

West Union, 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 - $100,000478 6317
$100,000 - $300,000133 797
$300,000 - $500,0006 990
$500,000 - $1,000,0001 00
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in West Union, 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%2272 13
30 - 60%4282 4
60 - 100%5669 10
100 - 200%17273 11
200 - 300%18266 14
300 - 400%8358 18
> 400%6350 34

West Union, 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 Dwelling480 6317
Not Owner-Occupied As A Principal Dwelling132 806
Not Applicable2 0100

Home Owner Property Type Statistics in West Union, 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)560 6714
Manufactured Housing37 5927
One To Four-Family23 914
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