Top Fawn Lake, MN Mortgage Lenders

RankFawn Lake Mortgage LenderFawn Lake Home Loans ProcessedFawn Lake Home Loans ApprovedFawn Lake Home Loans DeniedFawn Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFawn Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 135 55%22%
  • 197%
  • (87,000 Loan / $44,000 Income)
  • 270%
  • (73,000 Loan / $27,000 Income)
2Jpmorgan Chase Bank 69 78%14%
  • 263%
  • (200,000 / $76,000)
  • 275%
  • (80,000 / $29,000)
3Countrywide Bank Fsb 50 60%28%
  • 215%
  • (181,000 / $84,000)
  • 385%
  • (185,000 / $48,000)
4Affinity Plus Federal Credit U 49 59%16%
  • 141%
  • (96,000 / $68,000)
  • 211%
  • (55,000 / $26,000)
5Unity Bank 48 79%16%
  • 185%
  • (100,000 / $54,000)
  • 129%
  • (70,000 / $54,000)
6Countrywide Home Loans 35 68%22%
  • 202%
  • (69,000 / $34,000)
  • 209%
  • (65,000 / $31,000)
7Beneficial Company Llc 35 5%77%
  • 245%
  • (216,000 / $88,000)
  • 250%
  • (150,000 / $60,000)
8Us Bank 34 73%20%
  • 204%
  • (102,000 / $50,000)
  • 208%
  • (127,000 / $61,000)
9Citimortgage 29 75%6%
  • 225%
  • (124,000 / $55,000)
  • 179%
  • (115,000 / $64,000)
10Bank Of America 29 79%10%
  • 257%
  • (245,000 / $95,000)
  • 357%
  • (250,000 / $70,000)
11American Heritage Natl Bank 27 88%3%
  • 84%
  • (49,000 / $58,000)
  • 52%
  • (30,000 / $57,000)
12Agstar Financial Services 27 62%11%
  • 185%
  • (167,000 / $90,000)
  • 87%
  • (94,000 / $108,000)
13Central Minnesota Cu 23 82%0%
  • 96%
  • (60,000 / $62,000)
0
14Citifinancial Services Inc 22 22%59%
  • 329%
  • (79,000 / $24,000)
  • 184%
  • (46,000 / $25,000)
15Us Bank North Dakota 21 14%42%
  • 286%
  • (66,000 / $23,000)
  • 304%
  • (131,000 / $43,000)
16Embrace Home Loans, 18 11%66%
  • 421%
  • (80,000 / $19,000)
  • 208%
  • (225,000 / $108,000)
17Cmg Mortgage Insurance Co. 18 100%0%
  • 200%
  • (170,000 / $85,000)
0
18Wells Fargo Fin'l Minnesota 16 37%37%
  • 260%
  • (91,000 / $35,000)
  • 289%
  • (81,000 / $28,000)
19Gmac Mortgage Llc 16 6%50%
  • 454%
  • (50,000 / $11,000)
  • 316%
  • (76,000 / $24,000)
20Washington Mutual Bank 14 85%14%
  • 251%
  • (108,000 / $43,000)
  • 232%
  • (93,000 / $40,000)

Fawn Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,230
  2. Loan Applications Denied: 280
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 719
  5. % of Loan Applications Originated 58

Fawn Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history13
Debt-to-income ratio11
Unverifiable information2
Credit application incomplete2

Fawn 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 - $100,000636 6321
$100,000 - $300,000577 5224
$300,000 - $500,00015 4620
$500,000 - $1,000,0002 500

Fawn 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 - $100,0001,113 5723
$100,000 - $300,000110 6513
$300,000 - $500,0006 6633
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for Mortgage in Fawn 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%5661 26
30 - 60%7860 26
60 - 100%12258 17
100 - 200%31668 17
200 - 300%32556 20
300 - 400%19054 27
> 400%14340 35

Fawn 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 Dwelling1,099 5723
Not Owner-Occupied As A Principal Dwelling119 6220
Not Applicable5 8020

Home Owner Property Type Statistics in Fawn 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)1,124 5723
One To Four-Family66 813
Manufactured Housing40 4740
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