Top Bowstring Lake, MN Mortgage Lenders

RankBowstring Lake Mortgage LenderBowstring Lake Home Loans ProcessedBowstring Lake Home Loans ApprovedBowstring Lake Home Loans DeniedBowstring Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBowstring Lake Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 215 63%9%
  • 140%
  • (133,000 Loan / $95,000 Income)
  • 250%
  • (50,000 Loan / $20,000 Income)
2Wells Fargo Bank 198 55%22%
  • 168%
  • (59,000 / $35,000)
  • 171%
  • (96,000 / $56,000)
3American Bank Of The North 40 70%25%
  • 146%
  • (98,000 / $67,000)
  • 166%
  • (90,000 / $54,000)
4Northview Bank 36 69%8%
  • 176%
  • (30,000 / $17,000)
  • 119%
  • (150,000 / $126,000)
5Countrywide Bank Fsb 31 64%19%
  • 288%
  • (75,000 / $26,000)
  • 435%
  • (74,000 / $17,000)
6Jpmorgan Chase Bank 28 64%28%
  • 260%
  • (133,000 / $51,000)
  • 188%
  • (132,000 / $70,000)
7Us Bank 23 73%21%
  • 205%
  • (234,000 / $114,000)
  • 122%
  • (108,000 / $88,000)
8Us Bank North Dakota 22 18%54%
  • 408%
  • (94,000 / $23,000)
  • 232%
  • (58,000 / $25,000)
9Citimortgage 18 83%11%
  • 269%
  • (124,000 / $46,000)
  • 368%
  • (177,000 / $48,000)
10Bank Of America 17 58%17%
  • 370%
  • (111,000 / $30,000)
  • 507%
  • (345,000 / $68,000)
11Countrywide Home Loans 16 87%6%
  • 238%
  • (100,000 / $42,000)
  • 54%
  • (28,000 / $51,000)
12Freedom Mortgage Corp. 15 73%13%
  • 286%
  • (63,000 / $22,000)
  • 206%
  • (169,000 / $82,000)
13Wells Fargo Fin'l Minnesota 14 7%64%
  • 151%
  • (68,000 / $45,000)
  • 212%
  • (83,000 / $39,000)
14Beneficial Company Llc 14 35%57%
  • 228%
  • (105,000 / $46,000)
  • 287%
  • (135,000 / $47,000)
15Quicken Loans 10 80%20%
  • 298%
  • (227,000 / $76,000)
  • 432%
  • (134,000 / $31,000)
16Mortgage Guaranty Insurance Co 10 50%10%
  • 312%
  • (78,000 / $25,000)
  • 213%
  • (128,000 / $60,000)
17Hiway Federal Credit Union 10 80%0%
  • 106%
  • (80,000 / $75,000)
0
18Agstar Financial Services 10 40%20%
  • 240%
  • (125,000 / $52,000)
  • 537%
  • (145,000 / $27,000)
19Us Bk Na Nd 9 55%44%
  • 67%
  • (42,000 / $62,000)
  • 190%
  • (80,000 / $42,000)
20Gmac Mortgage Llc 9 11%55%
  • 384%
  • (204,000 / $53,000)
  • 250%
  • (120,000 / $48,000)

Bowstring Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,079
  2. Loan Applications Denied: 243
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 617
  5. % of Loan Applications Originated 57

Bowstring Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Credit history14
Debt-to-income ratio10
Credit application incomplete4
Unverifiable information1

Bowstring 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 - $100,000452 5719
$100,000 - $300,000582 5723
$300,000 - $500,00043 3937
$500,000 - $1,000,0001 1000
$1,000,000 - $1,500,0001 1000

Bowstring 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 - $100,000868 5523
$100,000 - $300,000191 6419
$300,000 - $500,00013 6123
$500,000 - $1,000,0005 2020
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Bowstring 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%5268 23
30 - 60%8857 15
60 - 100%11856 22
100 - 200%28960 18
200 - 300%28257 20
300 - 400%14057 20
> 400%11036 47

Bowstring 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 Dwelling862 5523
Not Owner-Occupied As A Principal Dwelling204 6521
Not Applicable2 00

Home Owner Property Type Statistics in Bowstring 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)944 5722
Manufactured Housing89 4828
One To Four-Family46 656
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