Top Shingobee, MN Mortgage Refinance Lenders

RankShingobee Mortgage Refinance LenderShingobee Home Refinance Loans ProcessedShingobee Home Refinance Loans ApprovedShingobee Home Refinance Loans DeniedShingobee Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansShingobee Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 300 69%12%
  • 167%
  • (248,000 Loan / $148,000 Income)
  • 189%
  • (150,000 Loan / $79,000 Income)
2Us Bank 144 86%7%
  • 213%
  • (173,000 / $81,000)
  • 265%
  • (417,000 / $157,000)
3Jpmorgan Chase Bank 50 80%20%
  • 208%
  • (394,000 / $189,000)
  • 264%
  • (198,000 / $75,000)
4Bank Forward 46 86%4%
  • 177%
  • (167,000 / $94,000)
  • 243%
  • (117,000 / $48,000)
5Affinity Plus Federal Credit U 46 65%6%
  • 174%
  • (197,000 / $113,000)
  • 320%
  • (80,000 / $25,000)
6Citimortgage 39 76%5%
  • 255%
  • (120,000 / $47,000)
  • 327%
  • (285,000 / $87,000)
7Countrywide Bank Fsb 34 67%11%
  • 244%
  • (120,000 / $49,000)
  • 334%
  • (375,000 / $112,000)
8Bank Of America 27 59%22%
  • 238%
  • (548,000 / $230,000)
  • 142%
  • (380,000 / $266,000)
9Countrywide Home Loans 25 88%12%
  • 150%
  • (166,000 / $110,000)
  • 147%
  • (156,000 / $106,000)
10Citibank 21 71%4%
  • 141%
  • (157,000 / $111,000)
  • 66%
  • (50,000 / $75,000)
11Us Bk Na Nd 17 64%17%
  • 125%
  • (65,000 / $52,000)
  • 87%
  • (49,000 / $56,000)
12Us Bank North Dakota 16 56%31%
  • 122%
  • (164,000 / $134,000)
  • 331%
  • (136,000 / $41,000)
13Quicken Loans 16 81%18%
  • 200%
  • (277,000 / $138,000)
  • 433%
  • (243,000 / $56,000)
14Wells Fargo Funding 14 92%0%
  • 164%
  • (417,000 / $254,000)
0
15Merchants Bank 14 100%0%
  • 224%
  • (213,000 / $95,000)
0
16Phh Mortgage Corporation 13 84%7%
  • 248%
  • (253,000 / $102,000)
  • 83%
  • (297,000 / $354,000)
17Wells Fargo Fin'l Minnesota 11 0%54% 0
  • 242%
  • (34,000 / $14,000)
18Liberty Savings Bank Fsb 11 100%0%
  • 171%
  • (183,000 / $107,000)
0
19Tcf National Bank 10 50%30%
  • 261%
  • (201,000 / $77,000)
  • 250%
  • (60,000 / $24,000)
20Mortgage Guaranty Insurance Co 10 50%20%
  • 269%
  • (205,000 / $76,000)
  • 368%
  • (291,000 / $79,000)

Shingobee, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,376
  2. Loan Applications Denied: 198
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 951
  5. % of Loan Applications Originated 69

Shingobee, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral20
Debt-to-income ratio15
Credit history6
Credit application incomplete6
Unverifiable information5

Shingobee, MN Mortgage Refinance Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000255 6813
$100,000 - $300,000869 6814
$300,000 - $500,000215 7112
$500,000 - $1,000,00030 5330
$1,000,000 - $1,500,0003 660
$1,500,000 - $2,000,0004 2525

Shingobee, MN Home Loans Refinance Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000760 6516
$100,000 - $300,000533 7311
$300,000 - $500,00052 7411
$500,000 - $1,000,00028 6417
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0001 00

Loan to Income Ratios Research for Mortgage Refinance in Shingobee, 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%3550 20
30 - 60%5573 12
60 - 100%15265 18
100 - 200%45276 11
200 - 300%34371 12
300 - 400%17765 13
> 400%16250 24

Shingobee, MN Home Owner Occupancy Type Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling714 6416
Not Owner-Occupied As A Principal Dwelling649 7411
Not Applicable3 660

Home Owner Property Type Statistics in Shingobee, MN for Home Loan Refinance

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)1,305 6913
Manufactured Housing39 5828
One To Four-Family32 5615
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