Top French Lake, MN Mortgage Lenders

RankFrench Lake Mortgage LenderFrench Lake Home Loans ProcessedFrench Lake Home Loans ApprovedFrench Lake Home Loans DeniedFrench Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFrench Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 430 63%18%
  • 191%
  • (111,000 Loan / $58,000 Income)
  • 194%
  • (235,000 Loan / $121,000 Income)
2Annandale State Bank 137 77%13%
  • 185%
  • (252,000 / $136,000)
  • 236%
  • (180,000 / $76,000)
3Us Bank 121 80%10%
  • 229%
  • (324,000 / $141,000)
  • 212%
  • (51,000 / $24,000)
4Jpmorgan Chase Bank 110 80%15%
  • 246%
  • (232,000 / $94,000)
  • 230%
  • (150,000 / $65,000)
5Countrywide Bank Fsb 70 70%17%
  • 325%
  • (267,000 / $82,000)
  • 250%
  • (220,000 / $88,000)
6Bank Of America 65 67%23%
  • 294%
  • (162,000 / $55,000)
  • 370%
  • (148,000 / $40,000)
7Kleinbank 54 72%12%
  • 254%
  • (140,000 / $55,000)
  • 309%
  • (316,000 / $102,000)
8Liberty Savings Bank Fsb 51 96%3%
  • 250%
  • (175,000 / $70,000)
  • 615%
  • (400,000 / $65,000)
9First National Bank Of Elk Riv 46 78%15%
  • 158%
  • (65,000 / $41,000)
  • 259%
  • (306,000 / $118,000)
10Citimortgage 45 66%8%
  • 210%
  • (276,000 / $131,000)
  • 395%
  • (87,000 / $22,000)
11Mortgage Guaranty Insurance Co 42 64%11%
  • 277%
  • (164,000 / $59,000)
  • 222%
  • (399,000 / $179,000)
12Merchants Bank 37 86%8%
  • 278%
  • (167,000 / $60,000)
  • 350%
  • (270,000 / $77,000)
13Countrywide Home Loans 34 82%11%
  • 200%
  • (180,000 / $90,000)
  • 205%
  • (78,000 / $38,000)
14Wells Fargo Funding 33 96%3%
  • 366%
  • (205,000 / $56,000)
  • 311%
  • (252,000 / $81,000)
15Citibank 33 45%24%
  • 134%
  • (67,000 / $50,000)
  • 148%
  • (129,000 / $87,000)
16Phh Mortgage Corporation 29 82%6%
  • 272%
  • (300,000 / $110,000)
  • 330%
  • (235,000 / $71,000)
17Us Bank North Dakota 26 34%26%
  • 252%
  • (144,000 / $57,000)
  • 94%
  • (35,000 / $37,000)
18Phh Home Loans 26 50%7%
  • 256%
  • (164,000 / $64,000)
  • 513%
  • (195,000 / $38,000)
19Affinity Plus Federal Credit U 26 69%0%
  • 163%
  • (131,000 / $80,000)
0
20Tcf National Bank 23 43%47%
  • 248%
  • (77,000 / $31,000)
  • 292%
  • (281,000 / $96,000)

French Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,327
  2. Loan Applications Denied: 388
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,538
  5. % of Loan Applications Originated 66

French Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio12
Credit history10
Credit application incomplete4
Unverifiable information2

French 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 - $100,000438 6120
$100,000 - $300,0001,555 6714
$300,000 - $500,000307 6121
$500,000 - $1,000,00023 5613
$1,000,000 - $1,500,0004 2550

French 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 - $100,0001,594 6318
$100,000 - $300,000626 7012
$300,000 - $500,00058 778
$500,000 - $1,000,00042 719
$1,000,000 - $1,500,0004 750
$1,500,000 - $2,000,0002 0100
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in French 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%7668 15
30 - 60%13156 16
60 - 100%20569 17
100 - 200%56171 14
200 - 300%59166 12
300 - 400%43362 18
> 400%33057 26

French 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 Dwelling1,945 6318
Not Owner-Occupied As A Principal Dwelling372 779

Home Owner Property Type Statistics in French 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)2,203 6616
One To Four-Family96 686
Manufactured Housing28 4635
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