Top Boon Lake, MN Mortgage Lenders

RankBoon Lake Mortgage LenderBoon Lake Home Loans ProcessedBoon Lake Home Loans ApprovedBoon Lake Home Loans DeniedBoon Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBoon Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 85 67%12%
  • 156%
  • (83,000 Loan / $53,000 Income)
  • 100%
  • (15,000 Loan / $15,000 Income)
2Cornerstone Mortgage Company 23 91%4%
  • 187%
  • (90,000 / $48,000)
  • 433%
  • (78,000 / $18,000)
3Countrywide Bank Fsb 20 65%25%
  • 112%
  • (97,000 / $86,000)
  • 191%
  • (44,000 / $23,000)
4Jpmorgan Chase Bank 17 100%0%
  • 227%
  • (164,000 / $72,000)
0
5Novationcreditunion 16 75%18%
  • 44%
  • (28,000 / $63,000)
  • 52%
  • (10,000 / $19,000)
6Citimortgage 14 85%7%
  • 239%
  • (55,000 / $23,000)
  • 72%
  • (53,000 / $73,000)
7Hometown Bank 13 84%15%
  • 105%
  • (36,000 / $34,000)
  • 315%
  • (60,000 / $19,000)
8Frandsen Bank & Trust 11 54%18%
  • 126%
  • (110,000 / $87,000)
  • 204%
  • (90,000 / $44,000)
9Midcountry Bank 10 80%0%
  • 161%
  • (50,000 / $31,000)
0
10Citibank 10 60%20%
  • 179%
  • (86,000 / $48,000)
  • 150%
  • (30,000 / $20,000)
11Beneficial Company Llc 10 20%50%
  • 234%
  • (61,000 / $26,000)
  • 230%
  • (60,000 / $26,000)
12Wells Fargo Fin'l Minnesota 9 11%55%
  • 221%
  • (115,000 / $52,000)
  • 125%
  • (125,000 / $100,000)
13Phh Mortgage Corporation 9 88%0%
  • 144%
  • (71,000 / $49,000)
0
14First Minnesota Bank 9 66%33%
  • 143%
  • (116,000 / $81,000)
  • 47%
  • (45,000 / $94,000)
15Countrywide Home Loans 9 88%11% 0
  • 136%
  • (101,000 / $74,000)
16Embrace Home Loans, 8 12%50%
  • 133%
  • (95,000 / $71,000)
  • 233%
  • (63,000 / $27,000)
17Bank Of America 8 25%37%
  • 382%
  • (172,000 / $45,000)
  • 177%
  • (316,000 / $178,000)
18Hfc Company Llc 7 0%100% 0
  • 191%
  • (90,000 / $47,000)
19United Guaranty Corporation 6 83%0%
  • 287%
  • (267,000 / $93,000)
0
20Genworth Mortgage Insurance Co 5 80%0%
  • 278%
  • (242,000 / $87,000)
0

Boon Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 471
  2. Loan Applications Denied: 98
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 295
  5. % of Loan Applications Originated 62

Boon Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history20
Collateral13
Debt-to-income ratio6
Unverifiable information1
Credit application incomplete1

Boon 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 6023
$100,000 - $300,000151 6615
$300,000 - $500,0003 3366

Boon 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 - $100,000411 5921
$100,000 - $300,00057 8015
$300,000 - $500,0003 1000

Loan to Income Ratios Research for Mortgage in Boon 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%3076 6
30 - 60%3753 37
60 - 100%5458 20
100 - 200%16260 22
200 - 300%12061 17
300 - 400%4467 18
> 400%2466 20

Boon 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 Dwelling446 6320
Not Owner-Occupied As A Principal Dwelling23 4726

Home Owner Property Type Statistics in Boon 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)436 6122
One To Four-Family24 790
Manufactured Housing11 729
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