Top Ann Lake, MN Mortgage Lenders

RankAnn Lake Mortgage LenderAnn Lake Home Loans ProcessedAnn Lake Home Loans ApprovedAnn Lake Home Loans DeniedAnn Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansAnn Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 117 58%22%
  • 172%
  • (83,000 Loan / $48,000 Income)
  • 175%
  • (128,000 Loan / $73,000 Income)
2Countrywide Bank Fsb 38 60%13%
  • 181%
  • (125,000 / $69,000)
  • 203%
  • (155,000 / $76,000)
3Countrywide Home Loans 34 67%20%
  • 300%
  • (180,000 / $60,000)
  • 250%
  • (173,000 / $69,000)
4Citimortgage 34 79%11%
  • 177%
  • (225,000 / $127,000)
  • 425%
  • (170,000 / $40,000)
5C.U. Mortgage Services, 34 47%29%
  • 291%
  • (70,000 / $24,000)
  • 285%
  • (114,000 / $40,000)
6Beneficial Company Llc 34 0%82% 0
  • 290%
  • (203,000 / $70,000)
7Genworth Mortgage Insurance Co 28 42%3%
  • 297%
  • (143,000 / $48,000)
  • 100%
  • (150,000 / $149,000)
8Jpmorgan Chase Bank 27 85%14%
  • 270%
  • (108,000 / $40,000)
  • 59%
  • (35,000 / $59,000)
9Peoples National Bank Of Mora 26 84%15%
  • 84%
  • (33,000 / $39,000)
  • 304%
  • (70,000 / $23,000)
10Citibank 24 62%29%
  • 207%
  • (201,000 / $97,000)
  • 120%
  • (150,000 / $124,000)
11Us Bank 22 68%13%
  • 196%
  • (108,000 / $55,000)
  • 65%
  • (23,000 / $35,000)
12Affinity Plus Federal Credit U 22 81%0%
  • 128%
  • (176,000 / $137,000)
0
13Agstar Financial Services 20 45%25%
  • 343%
  • (110,000 / $32,000)
  • 333%
  • (100,000 / $30,000)
14Bremer Bank Na (Twin Cities) 19 78%10%
  • 120%
  • (77,000 / $64,000)
  • 108%
  • (25,000 / $23,000)
15Wells Fargo Funding 18 94%5%
  • 324%
  • (409,000 / $126,000)
  • 386%
  • (174,000 / $45,000)
16Mortgage Guaranty Insurance Co 18 61%16%
  • 271%
  • (160,000 / $59,000)
  • 403%
  • (133,000 / $33,000)
17Bank Of America 18 38%27%
  • 182%
  • (166,000 / $91,000)
  • 271%
  • (212,000 / $78,000)
18Embrace Home Loans, 14 0%35% 0
  • 603%
  • (320,000 / $53,000)
19Delta Funding Corporation 14 0%21% 0
  • 319%
  • (134,000 / $42,000)
20Citifinancial Services Inc 14 14%57%
  • 276%
  • (94,000 / $34,000)
  • 666%
  • (100,000 / $15,000)

Ann Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,012
  2. Loan Applications Denied: 229
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 569
  5. % of Loan Applications Originated 56

Ann Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history10
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information1

Ann Lake, 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 - $100,000317 5826
$100,000 - $300,000652 5521
$300,000 - $500,00040 4722
$500,000 - $1,000,0002 1000
$1,000,000 - $1,500,0001 00

Ann Lake, 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 - $100,000828 5423
$100,000 - $300,000176 6421
$300,000 - $500,0002 5050
$500,000 - $1,000,0005 600
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Ann Lake, 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%3246 37
30 - 60%6357 33
60 - 100%7965 17
100 - 200%25663 16
200 - 300%25455 18
300 - 400%17956 22
> 400%14936 35

Ann Lake, 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 Dwelling860 5323
Not Owner-Occupied As A Principal Dwelling131 7016
Not Applicable4 750

Home Owner Property Type Statistics in Ann Lake, 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)862 5524
One To Four-Family81 664
Manufactured Housing69 5323
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