Top Forest Lake, MN Mortgage Lenders

RankForest Lake Mortgage LenderForest Lake Home Loans ProcessedForest Lake Home Loans ApprovedForest Lake Home Loans DeniedForest Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansForest Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,682 64%14%
  • 218%
  • (232,000 Loan / $106,000 Income)
  • 214%
  • (30,000 Loan / $14,000 Income)
2Us Bank 466 76%13%
  • 253%
  • (246,000 / $97,000)
  • 260%
  • (112,000 / $43,000)
3Jpmorgan Chase Bank 436 83%13%
  • 230%
  • (166,000 / $72,000)
  • 201%
  • (137,000 / $68,000)
4Citimortgage 308 76%10%
  • 267%
  • (257,000 / $96,000)
  • 284%
  • (339,000 / $119,000)
5Bank Of America 276 76%13%
  • 296%
  • (234,000 / $79,000)
  • 327%
  • (200,000 / $61,000)
6Countrywide Bank Fsb 233 76%16%
  • 250%
  • (215,000 / $86,000)
  • 298%
  • (233,000 / $78,000)
7Tcf National Bank 216 31%43%
  • 286%
  • (132,000 / $46,000)
  • 358%
  • (140,000 / $39,000)
8Wells Fargo Funding 193 98%1%
  • 224%
  • (200,000 / $89,000)
  • 267%
  • (83,000 / $31,000)
9Countrywide Home Loans 154 82%10%
  • 248%
  • (129,000 / $52,000)
  • 294%
  • (224,000 / $76,000)
10Citibank 154 72%16%
  • 188%
  • (100,000 / $53,000)
  • 138%
  • (75,000 / $54,000)
11Affinity Plus Federal Credit U 143 71%3%
  • 134%
  • (133,000 / $99,000)
  • 201%
  • (175,000 / $87,000)
12Phh Home Loans 137 86%3%
  • 280%
  • (146,000 / $52,000)
  • 301%
  • (181,000 / $60,000)
13Us Bank North Dakota 123 39%38%
  • 131%
  • (50,000 / $38,000)
  • 190%
  • (147,000 / $77,000)
14Guaranteed Rate Inc 117 96%0%
  • 271%
  • (163,000 / $60,000)
  • 212%
  • (193,000 / $91,000)
15Us Bk Na Nd 102 49%33%
  • 140%
  • (90,000 / $64,000)
  • 168%
  • (118,000 / $70,000)
16The Business Bank 100 93%4%
  • 309%
  • (158,000 / $51,000)
  • 278%
  • (306,000 / $110,000)
17Mortgage Guaranty Insurance Co 98 72%11%
  • 278%
  • (153,000 / $55,000)
  • 258%
  • (279,000 / $108,000)
18Provident Funding Associates 93 67%22%
  • 253%
  • (180,000 / $71,000)
  • 295%
  • (260,000 / $88,000)
19United Guaranty Corporation 87 74%10%
  • 251%
  • (146,000 / $58,000)
  • 277%
  • (294,000 / $106,000)
20Lake Area Bank 86 61%11%
  • 213%
  • (241,000 / $113,000)
  • 417%
  • (417,000 / $100,000)

Forest Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 9,128
  2. Loan Applications Denied: 1,418
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 6,074
  5. % of Loan Applications Originated 66

Forest Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio10
Credit history7
Credit application incomplete4
Unverifiable information2

Forest 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 - $100,0001,615 6316
$100,000 - $300,0006,185 6814
$300,000 - $500,0001,193 5918
$500,000 - $1,000,000111 4133
$1,000,000 - $1,500,00011 081
$1,500,000 - $2,000,0005 6040
> $2,000,0008 2462

Forest 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 - $100,0006,231 6515
$100,000 - $300,0002,732 6615
$300,000 - $500,000111 6715
$500,000 - $1,000,00042 739
$1,000,000 - $1,500,00010 3020
$1,500,000 - $2,000,0002 00

Loan to Income Ratios Research for Mortgage in Forest 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%29461 18
30 - 60%42064 15
60 - 100%54863 15
100 - 200%2,08868 14
200 - 300%2,67269 12
300 - 400%1,79365 15
> 400%1,31357 23

Forest 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 Dwelling8,528 6615
Not Owner-Occupied As A Principal Dwelling546 6519
Not Applicable4 5025

Home Owner Property Type Statistics in Forest 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)8,580 6615
One To Four-Family491 757
Manufactured Housing57 2245
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