Top Brook Lake, MN Mortgage Lenders

RankBrook Lake Mortgage LenderBrook Lake Home Loans ProcessedBrook Lake Home Loans ApprovedBrook Lake Home Loans DeniedBrook Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansBrook Lake Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 54 61%11%
  • 145%
  • (83,000 Loan / $57,000 Income)
  • 183%
  • (165,000 Loan / $90,000 Income)
2Wells Fargo Bank 36 61%11%
  • 189%
  • (216,000 / $114,000)
  • 198%
  • (125,000 / $63,000)
3Bank Of America 6 50%50%
  • 326%
  • (150,000 / $46,000)
  • 188%
  • (81,000 / $43,000)
4Bank Forward 6 66%33%
  • 121%
  • (138,000 / $114,000)
  • 117%
  • (75,000 / $64,000)
5Jpmorgan Chase Bank 5 80%20%
  • 612%
  • (202,000 / $33,000)
  • 152%
  • (172,000 / $113,000)
6Wells Fargo Fin'l Minnesota 4 25%50%
  • 243%
  • (117,000 / $48,000)
  • 515%
  • (325,000 / $63,000)
7Us Bank 4 75%25%
  • 244%
  • (144,000 / $59,000)
  • 326%
  • (160,000 / $49,000)
8Countrywide Home Loans 4 100%0%
  • 67%
  • (222,000 / $330,000)
0
9Countrywide Bank Fsb 4 50%25% 0
  • 97%
  • (174,000 / $178,000)
10Frandsen Bank & Trust 3 100%0%
  • 114%
  • (125,000 / $109,000)
0
11Citimortgage 3 100%0% 0 0
12Ally Bank F/K/A/ Gmac Bank 3 66%33%
  • 472%
  • (255,000 / $54,000)
  • 260%
  • (172,000 / $66,000)
13Usaa Federal Savings Bank 2 100%0%
  • 87%
  • (171,000 / $196,000)
0
14Us Bank North Dakota 2 50%50%
  • 275%
  • (91,000 / $33,000)
  • 227%
  • (100,000 / $44,000)
15United Guaranty Corporation 2 100%0%
  • 329%
  • (260,000 / $79,000)
0
16Mortgage Guaranty Insurance Co 2 100%0%
  • 437%
  • (175,000 / $40,000)
0
17Gmac Mortgage Llc 2 0%100% 0
  • 382%
  • (130,000 / $34,000)
18Freedom Mortgage Corp. 2 50%0%
  • 288%
  • (196,000 / $68,000)
0
19Community Bank Of The Rrv 2 100%0%
  • 177%
  • (94,000 / $53,000)
0
20Cmg Mortgage Insurance Co. 2 100%0%
  • 149%
  • (106,000 / $71,000)
0

Brook Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 190
  2. Loan Applications Denied: 36
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 121
  5. % of Loan Applications Originated 63

Brook Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral11
Debt-to-income ratio9
Insufficient cash (downpayment, closing costs)7
Unverifiable information1

Brook 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 - $100,00074 5424
$100,000 - $300,000104 6815
$300,000 - $500,00012 7416

Brook 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 - $100,000155 5720
$100,000 - $300,00032 8712
$300,000 - $500,0003 1000

Loan to Income Ratios Research for Mortgage in Brook 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%1060 30
30 - 60%1060 40
60 - 100%2386 8
100 - 200%5860 22
200 - 300%4557 8
300 - 400%3069 20
> 400%1449 28

Brook 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 Dwelling153 5820
Not Owner-Occupied As A Principal Dwelling35 8211

Home Owner Property Type Statistics in Brook 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)168 6120
Manufactured Housing14 7814
One To Four-Family8 870
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