Top Diamond Lake, MN Mortgage Lenders

RankDiamond Lake Mortgage LenderDiamond Lake Home Loans ProcessedDiamond Lake Home Loans ApprovedDiamond Lake Home Loans DeniedDiamond Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDiamond Lake Mortgage Median LTR for Denied Loans
1Bank Of The West 99 59%31%
  • 88%
  • (30,000 Loan / $34,000 Income)
  • 43%
  • (14,000 Loan / $32,000 Income)
2Wells Fargo Bank 91 65%14%
  • 138%
  • (126,000 / $91,000)
  • 175%
  • (49,000 / $28,000)
3Jpmorgan Chase Bank 28 75%25%
  • 213%
  • (32,000 / $15,000)
  • 161%
  • (71,000 / $44,000)
4First Bank & Trust 27 81%7%
  • 128%
  • (45,000 / $35,000)
  • 433%
  • (130,000 / $30,000)
5Countrywide Bank Fsb 21 66%14%
  • 201%
  • (137,000 / $68,000)
  • 485%
  • (170,000 / $35,000)
6Genworth Mortgage Insurance Co 20 75%0%
  • 182%
  • (135,000 / $74,000)
0
7Citimortgage 19 73%15%
  • 207%
  • (210,000 / $101,000)
  • 273%
  • (172,000 / $63,000)
8Us Bank 17 58%23%
  • 300%
  • (156,000 / $52,000)
  • 252%
  • (96,000 / $38,000)
9Countrywide Home Loans 15 86%13%
  • 133%
  • (60,000 / $45,000)
  • 331%
  • (169,000 / $51,000)
10Beneficial Company Llc 14 0%85% 0
  • 225%
  • (135,000 / $60,000)
11Hfc Company Llc 13 15%76%
  • 222%
  • (136,000 / $61,000)
  • 197%
  • (89,000 / $45,000)
12Gmac Mortgage Llc 13 30%38%
  • 200%
  • (120,000 / $60,000)
  • 126%
  • (52,000 / $41,000)
13Merchants Bank 12 91%8%
  • 178%
  • (200,000 / $112,000)
  • 82%
  • (41,000 / $50,000)
14Mortgage Guaranty Insurance Co 11 63%36%
  • 210%
  • (59,000 / $28,000)
  • 200%
  • (126,000 / $63,000)
15Us Bk Na Nd 10 60%20%
  • 65%
  • (88,000 / $135,000)
  • 511%
  • (46,000 / $9,000)
16United Guaranty Corporation 10 90%10%
  • 171%
  • (60,000 / $35,000)
  • 160%
  • (151,000 / $94,000)
17Phh Mortgage Corporation 10 50%10%
  • 260%
  • (60,000 / $23,000)
  • 472%
  • (52,000 / $11,000)
18Home Federal Bank 9 100%0%
  • 197%
  • (176,000 / $89,000)
0
19Bank Of America 9 77%0%
  • 267%
  • (83,000 / $31,000)
0
20Us Bank North Dakota 8 37%37%
  • 89%
  • (25,000 / $28,000)
  • 198%
  • (109,000 / $55,000)

Diamond Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 680
  2. Loan Applications Denied: 163
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 394
  5. % of Loan Applications Originated 57

Diamond Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history12
Debt-to-income ratio5
Unverifiable information2
Credit application incomplete2

Diamond 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 - $100,000439 5723
$100,000 - $300,000228 5823
$300,000 - $500,0009 4444
$500,000 - $1,000,0004 5025

Diamond 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 - $100,000570 5525
$100,000 - $300,000105 6414
$300,000 - $500,0005 8020

Loan to Income Ratios Research for Mortgage in Diamond 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%5760 28
30 - 60%5146 27
60 - 100%9060 23
100 - 200%25662 20
200 - 300%13556 20
300 - 400%5058 22
> 400%4123 48

Diamond 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 Dwelling616 5625
Not Owner-Occupied As A Principal Dwelling58 7710

Home Owner Property Type Statistics in Diamond 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)613 5724
One To Four-Family54 7212
Manufactured Housing13 3838
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