Top Crosslake, MN Mortgage Lenders

RankCrosslake Mortgage LenderCrosslake Home Loans ProcessedCrosslake Home Loans ApprovedCrosslake Home Loans DeniedCrosslake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCrosslake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 3,949 65%16%
  • 194%
  • (280,000 Loan / $144,000 Income)
  • 193%
  • (159,000 Loan / $82,000 Income)
2Affinity Plus Federal Credit U 1,005 65%5%
  • 127%
  • (136,000 / $107,000)
  • 237%
  • (88,000 / $37,000)
3Jpmorgan Chase Bank 990 83%13%
  • 215%
  • (43,000 / $20,000)
  • 191%
  • (163,000 / $85,000)
4Us Bank 837 80%11%
  • 213%
  • (171,000 / $80,000)
  • 238%
  • (112,000 / $47,000)
5Citimortgage 674 81%8%
  • 218%
  • (109,000 / $50,000)
  • 296%
  • (77,000 / $26,000)
6Countrywide Bank Fsb 604 69%19%
  • 220%
  • (132,000 / $60,000)
  • 269%
  • (202,000 / $75,000)
7Bank Of America 459 74%15%
  • 226%
  • (136,000 / $60,000)
  • 261%
  • (55,000 / $21,000)
8Mortgage Guaranty Insurance Co 389 73%9%
  • 237%
  • (76,000 / $32,000)
  • 213%
  • (162,000 / $76,000)
9Countrywide Home Loans 353 81%13%
  • 220%
  • (238,000 / $108,000)
  • 236%
  • (170,000 / $72,000)
10Beneficial Company Llc 334 5%82%
  • 157%
  • (150,000 / $95,000)
  • 236%
  • (130,000 / $55,000)
11Kleinbank 304 75%13%
  • 135%
  • (153,000 / $113,000)
  • 179%
  • (77,000 / $43,000)
12Wells Fargo Funding 298 98%1%
  • 236%
  • (225,000 / $95,000)
  • 605%
  • (230,000 / $38,000)
13Genworth Mortgage Insurance Co 265 71%3%
  • 216%
  • (156,000 / $72,000)
  • 210%
  • (179,000 / $85,000)
14United Guaranty Corporation 229 75%7%
  • 231%
  • (271,000 / $117,000)
  • 251%
  • (166,000 / $66,000)
15Eastwood Bank 215 73%9%
  • 188%
  • (170,000 / $90,000)
  • 271%
  • (187,000 / $69,000)
16Embrace Home Loans, 206 7%47%
  • 247%
  • (131,000 / $53,000)
  • 244%
  • (120,000 / $49,000)
17Wells Fargo Fin'l Minnesota 205 19%47%
  • 258%
  • (145,000 / $56,000)
  • 239%
  • (67,000 / $28,000)
18Us Bank North Dakota 205 31%45%
  • 180%
  • (583,000 / $323,000)
  • 166%
  • (60,000 / $36,000)
19Community Security Bank 201 77%5%
  • 202%
  • (178,000 / $88,000)
  • 425%
  • (119,000 / $28,000)
20Think Mutual Bank 199 67%11%
  • 121%
  • (253,000 / $209,000)
  • 163%
  • (90,000 / $55,000)

Crosslake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 23,252
  2. Loan Applications Denied: 4,143
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 15,104
  5. % of Loan Applications Originated 64

Crosslake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history10
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information1

Crosslake, 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 - $100,0008,039 6120
$100,000 - $300,00013,284 6516
$300,000 - $500,0001,708 6715
$500,000 - $1,000,000186 6219
$1,000,000 - $1,500,00027 6518
$1,500,000 - $2,000,0004 750
> $2,000,0004 750

Crosslake, 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 - $100,00017,473 6119
$100,000 - $300,0005,195 7112
$300,000 - $500,000373 7413
$500,000 - $1,000,000169 816
$1,000,000 - $1,500,00028 7810
$1,500,000 - $2,000,0007 710
> $2,000,0007 850

Loan to Income Ratios Research for Mortgage in Crosslake, 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%1,00763 21
30 - 60%1,48164 20
60 - 100%2,07268 16
100 - 200%7,01068 14
200 - 300%6,26064 16
300 - 400%3,27562 19
> 400%2,14751 28

Crosslake, 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 Dwelling19,846 6318
Not Owner-Occupied As A Principal Dwelling3,243 7512
Not Applicable38 5718

Home Owner Property Type Statistics in Crosslake, 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)21,284 6418
One To Four-Family1,388 756
Manufactured Housing580 5229
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