Top Big Lake, MN Mortgage Lenders

RankBig Lake Mortgage LenderBig Lake Home Loans ProcessedBig Lake Home Loans ApprovedBig Lake Home Loans DeniedBig Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBig Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,623 62%17%
  • 221%
  • (257,000 Loan / $116,000 Income)
  • 216%
  • (132,000 Loan / $61,000 Income)
2Jpmorgan Chase Bank 463 80%15%
  • 256%
  • (185,000 / $72,000)
  • 285%
  • (171,000 / $60,000)
3Citimortgage 363 80%11%
  • 248%
  • (204,000 / $82,000)
  • 289%
  • (159,000 / $55,000)
4Us Bank 358 84%9%
  • 253%
  • (213,000 / $84,000)
  • 277%
  • (300,000 / $108,000)
5Countrywide Bank Fsb 296 72%16%
  • 223%
  • (145,000 / $65,000)
  • 312%
  • (125,000 / $40,000)
6Liberty Savings Bank Fsb 247 92%2%
  • 244%
  • (220,000 / $90,000)
  • 347%
  • (250,000 / $72,000)
7Citibank 210 70%20%
  • 128%
  • (170,000 / $132,000)
  • 125%
  • (100,000 / $80,000)
8Bank Of America 209 78%11%
  • 247%
  • (176,000 / $71,000)
  • 293%
  • (132,000 / $45,000)
9Wells Fargo Funding 200 99%0%
  • 222%
  • (140,000 / $63,000)
  • 368%
  • (184,000 / $50,000)
10Kleinbank 195 63%18%
  • 224%
  • (101,000 / $45,000)
  • 260%
  • (232,000 / $89,000)
11Countrywide Home Loans 185 77%14%
  • 256%
  • (200,000 / $78,000)
  • 235%
  • (94,000 / $40,000)
12Beneficial Company Llc 178 5%74%
  • 233%
  • (175,000 / $75,000)
  • 270%
  • (200,000 / $74,000)
13Mortgage Guaranty Insurance Co 171 67%9%
  • 292%
  • (225,000 / $77,000)
  • 334%
  • (261,000 / $78,000)
14Tcf National Bank 134 32%46%
  • 218%
  • (140,000 / $64,000)
  • 272%
  • (180,000 / $66,000)
15Us Bank North Dakota 120 22%38%
  • 94%
  • (74,000 / $78,000)
  • 206%
  • (60,000 / $29,000)
16The Business Bank 115 89%5%
  • 267%
  • (147,000 / $55,000)
  • 325%
  • (140,000 / $43,000)
17Bell America Mortgage Llc Dba 114 78%3%
  • 304%
  • (134,000 / $44,000)
  • 311%
  • (224,000 / $72,000)
18Radian Guaranty 106 72%2%
  • 283%
  • (167,000 / $59,000)
  • 241%
  • (229,000 / $95,000)
19Affinity Plus Federal Credit U 106 60%7%
  • 141%
  • (196,000 / $139,000)
  • 218%
  • (181,000 / $83,000)
20United Guaranty Corporation 98 70%4%
  • 284%
  • (131,000 / $46,000)
  • 400%
  • (417,000 / $104,000)

Big Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 9,907
  2. Loan Applications Denied: 1,832
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 6,381
  5. % of Loan Applications Originated 64

Big Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history9
Debt-to-income ratio7
Credit application incomplete4
Unverifiable information2

Big 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 - $100,0002,038 5923
$100,000 - $300,0007,264 6516
$300,000 - $500,000568 5623
$500,000 - $1,000,00037 2937

Big 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 - $100,0007,779 6319
$100,000 - $300,0002,053 6615
$300,000 - $500,00052 5825
$500,000 - $1,000,00019 5710
$1,000,000 - $1,500,0002 500
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Big 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%37556 26
30 - 60%51759 22
60 - 100%71061 19
100 - 200%2,05069 15
200 - 300%2,87266 16
300 - 400%2,11164 18
> 400%1,27254 24

Big 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 Dwelling9,388 6418
Not Owner-Occupied As A Principal Dwelling451 6815
Not Applicable5 400

Home Owner Property Type Statistics in Big 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)9,183 6419
One To Four-Family653 705
Manufactured Housing71 3859
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