Top Bay Lake, MN Mortgage Lenders

RankBay Lake Mortgage LenderBay Lake Home Loans ProcessedBay Lake Home Loans ApprovedBay Lake Home Loans DeniedBay Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBay Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 574 65%14%
  • 183%
  • (195,000 Loan / $106,000 Income)
  • 194%
  • (140,000 Loan / $72,000 Income)
2Us Bank 191 80%10%
  • 239%
  • (287,000 / $120,000)
  • 306%
  • (356,000 / $116,000)
3Jpmorgan Chase Bank 145 88%10%
  • 208%
  • (179,000 / $86,000)
  • 281%
  • (124,000 / $44,000)
4Affinity Plus Federal Credit U 128 57%6%
  • 131%
  • (114,000 / $87,000)
  • 230%
  • (90,000 / $39,000)
5Bank Of America 101 75%13%
  • 206%
  • (68,000 / $33,000)
  • 291%
  • (67,000 / $23,000)
6Countrywide Bank Fsb 90 72%23%
  • 274%
  • (107,000 / $39,000)
  • 246%
  • (111,000 / $45,000)
7Citimortgage 87 75%10%
  • 222%
  • (89,000 / $40,000)
  • 219%
  • (136,000 / $62,000)
8Countrywide Home Loans 51 80%11%
  • 264%
  • (561,000 / $212,000)
  • 233%
  • (280,000 / $120,000)
9Mortgage Guaranty Insurance Co 47 65%6%
  • 238%
  • (131,000 / $55,000)
  • 105%
  • (57,000 / $54,000)
10Woodlands National Bank 43 30%62%
  • 210%
  • (156,000 / $74,000)
  • 266%
  • (104,000 / $39,000)
11Wells Fargo Funding 39 94%0%
  • 182%
  • (263,000 / $144,000)
0
12Unity Bank 37 81%13%
  • 222%
  • (165,000 / $74,000)
  • 303%
  • (79,000 / $26,000)
13Citibank 37 70%21%
  • 287%
  • (167,000 / $58,000)
  • 142%
  • (128,000 / $90,000)
14Us Bk Na Nd 34 52%32%
  • 128%
  • (131,000 / $102,000)
  • 212%
  • (153,000 / $72,000)
15Beneficial Company Llc 34 5%85%
  • 486%
  • (224,000 / $46,000)
  • 270%
  • (235,000 / $87,000)
16American National Bank Of Minn 31 87%6%
  • 93%
  • (44,000 / $47,000)
  • 507%
  • (132,000 / $26,000)
17C.U. Mortgage Services, 30 56%10%
  • 164%
  • (188,000 / $114,000)
  • 180%
  • (152,000 / $84,000)
18Bell America Mortgage Llc Dba 26 65%7%
  • 187%
  • (109,000 / $58,000)
  • 966%
  • (290,000 / $30,000)
19Quicken Loans 25 60%40%
  • 253%
  • (104,000 / $41,000)
  • 357%
  • (229,000 / $64,000)
20United Guaranty Corporation 24 75%8%
  • 309%
  • (130,000 / $42,000)
  • 431%
  • (125,000 / $29,000)

Bay Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,798
  2. Loan Applications Denied: 492
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,810
  5. % of Loan Applications Originated 64

Bay Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information2

Bay 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 - $100,000673 6020
$100,000 - $300,0001,831 6516
$300,000 - $500,000266 6317
$500,000 - $1,000,00027 4033
$1,000,000 - $1,500,0001 1000

Bay 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 - $100,0001,974 6019
$100,000 - $300,000713 7312
$300,000 - $500,00077 779
$500,000 - $1,000,00022 4922
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0002 1000
> $2,000,0007 710

Loan to Income Ratios Research for Mortgage in Bay 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%7960 21
30 - 60%13258 20
60 - 100%28872 11
100 - 200%76271 12
200 - 300%71065 17
300 - 400%42561 19
> 400%40248 28

Bay 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 Dwelling1,920 6020
Not Owner-Occupied As A Principal Dwelling857 7311
Not Applicable1 0100

Home Owner Property Type Statistics in Bay 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)2,538 6417
Manufactured Housing133 5129
One To Four-Family127 773
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