Top Fence Lake, NM Mortgage Lenders

RankFence Lake Mortgage LenderFence Lake Home Loans ProcessedFence Lake Home Loans ApprovedFence Lake Home Loans DeniedFence Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFence Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 93 30%44%
  • 133%
  • (281,000 Loan / $211,000 Income)
  • 126%
  • (130,000 Loan / $103,000 Income)
2Countrywide Bank Fsb 34 70%23%
  • 213%
  • (141,000 / $66,000)
  • 286%
  • (206,000 / $72,000)
3Countrywide Home Loans 31 87%6%
  • 306%
  • (89,000 / $29,000)
  • 200%
  • (72,000 / $36,000)
4First Community Bank 21 47%33%
  • 56%
  • (27,000 / $48,000)
  • 35%
  • (5,000 / $14,000)
5Bank Of America 19 57%42%
  • 191%
  • (90,000 / $47,000)
  • 188%
  • (94,000 / $50,000)
6Beneficial Company Llc 18 11%77%
  • 59%
  • (42,000 / $71,000)
  • 83%
  • (35,000 / $42,000)
7Gmac Mortgage Llc 16 6%37%
  • 232%
  • (130,000 / $56,000)
  • 257%
  • (72,000 / $28,000)
8Hfc Company Llc 15 0%73% 0
  • 153%
  • (75,000 / $49,000)
9Wells Fargo Fin'l New Mexico 12 0%66% 0
  • 126%
  • (29,000 / $23,000)
10Jpmorgan Chase Bank 11 81%18%
  • 188%
  • (96,000 / $51,000)
  • 125%
  • (30,000 / $24,000)
11Vanderbilt Mortgage 8 50%25%
  • 115%
  • (38,000 / $33,000)
  • 247%
  • (104,000 / $42,000)
12Usaa Federal Savings Bank 8 62%0%
  • 126%
  • (67,000 / $53,000)
0
13Quicken Loans 8 62%25%
  • 239%
  • (153,000 / $64,000)
  • 275%
  • (99,000 / $36,000)
14Citifinancial, 8 12%62%
  • 153%
  • (98,000 / $64,000)
  • 241%
  • (58,000 / $24,000)
15Capital One Na 8 25%50%
  • 45%
  • (9,000 / $20,000)
  • 13%
  • (6,000 / $45,000)
16Washington Federal S&L 7 14%28%
  • 350%
  • (70,000 / $20,000)
  • 1000%
  • (80,000 / $8,000)
17Flagstar Bank 7 71%28%
  • 210%
  • (210,000 / $100,000)
  • 286%
  • (261,000 / $91,000)
18Citimortgage 7 85%0% 0 0
19Us Bk Na Nd 6 0%100% 0
  • 60%
  • (25,000 / $41,000)
20Us Bank 6 50%33%
  • 174%
  • (54,000 / $31,000)
  • 87%
  • (35,000 / $40,000)

Fence Lake, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 553
  2. Loan Applications Denied: 182
  3. % of Loan Applications Denied: 32
  4. # of Loan Originations: 241
  5. % of Loan Applications Originated 43

Fence Lake, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history30
Collateral18
Debt-to-income ratio8
Insufficient cash (downpayment, closing costs)3
Unverifiable information2

Fence Lake, NM Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000276 3145
$100,000 - $300,000270 5420
$300,000 - $500,0006 3316
$500,000 - $1,000,0001 00

Fence Lake, NM Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000463 4235
$100,000 - $300,00088 4621
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage in Fence Lake, NM

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%5430 46
30 - 60%4440 29
60 - 100%5727 50
100 - 200%18945 32
200 - 300%12047 25
300 - 400%6155 18
> 400%2842 39

Fence Lake, NM 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 Dwelling525 4432
Not Owner-Occupied As A Principal Dwelling25 3632
Not Applicable3 033

Home Owner Property Type Statistics in Fence Lake, NM 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)418 4730
Manufactured Housing119 2847
One To Four-Family16 560
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