Top Gail Lake, MN Mortgage Lenders

RankGail Lake Mortgage LenderGail Lake Home Loans ProcessedGail Lake Home Loans ApprovedGail Lake Home Loans DeniedGail Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGail Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 350 71%13%
  • 185%
  • (322,000 Loan / $174,000 Income)
  • 216%
  • (67,000 Loan / $31,000 Income)
2Us Bank 203 83%9%
  • 224%
  • (195,000 / $87,000)
  • 211%
  • (417,000 / $197,000)
3Jpmorgan Chase Bank 112 86%9%
  • 228%
  • (245,000 / $107,000)
  • 178%
  • (402,000 / $225,000)
4Riverwood Bank 77 80%3%
  • 226%
  • (417,000 / $184,000)
  • 269%
  • (375,000 / $139,000)
5Countrywide Bank Fsb 71 69%19%
  • 184%
  • (376,000 / $204,000)
  • 339%
  • (139,000 / $41,000)
6Citimortgage 57 78%12%
  • 206%
  • (388,000 / $188,000)
  • 193%
  • (616,000 / $318,000)
7Bank Of America 57 77%12%
  • 165%
  • (272,000 / $164,000)
  • 442%
  • (124,000 / $28,000)
8Countrywide Home Loans 43 79%11%
  • 233%
  • (112,000 / $48,000)
  • 236%
  • (170,000 / $72,000)
9The Business Bank 40 92%5%
  • 166%
  • (240,000 / $144,000)
  • 416%
  • (200,000 / $48,000)
10Citibank 34 76%8%
  • 99%
  • (155,000 / $156,000)
  • 90%
  • (150,000 / $165,000)
11Affinity Plus Federal Credit U 25 60%4%
  • 228%
  • (322,000 / $141,000)
  • 10%
  • (13,000 / $123,000)
12Us Bank North Dakota 21 23%28%
  • 180%
  • (583,000 / $323,000)
  • 245%
  • (214,000 / $87,000)
13Provident Funding Associates 21 71%19%
  • 214%
  • (347,000 / $162,000)
  • 571%
  • (360,000 / $63,000)
14Wells Fargo Funding 18 100%0%
  • 333%
  • (417,000 / $125,000)
0
15Frandsen Bank & Trust 16 87%0%
  • 225%
  • (192,000 / $85,000)
0
16Bell America Mortgage Llc Dba 16 75%6%
  • 194%
  • (270,000 / $139,000)
  • 282%
  • (158,000 / $56,000)
17Amtrust Bank 16 81%0%
  • 149%
  • (181,000 / $121,000)
0
18Mortgage Guaranty Insurance Co 15 73%0%
  • 272%
  • (128,000 / $47,000)
0
19Washington Mutual Bank 14 100%0%
  • 350%
  • (375,000 / $107,000)
0
20Ing Bank, Fsb 14 50%42%
  • 193%
  • (925,000 / $477,000)
  • 308%
  • (945,000 / $306,000)

Gail Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,936
  2. Loan Applications Denied: 267
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 1,387
  5. % of Loan Applications Originated 71

Gail Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Debt-to-income ratio14
Credit history10
Credit application incomplete5
Unverifiable information4

Gail 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 - $100,000229 6416
$100,000 - $300,000958 7013
$300,000 - $500,000582 7611
$500,000 - $1,000,000135 6619
$1,000,000 - $1,500,00024 6616
$1,500,000 - $2,000,0004 750
> $2,000,0004 750

Gail 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 - $100,000851 6418
$100,000 - $300,000813 759
$300,000 - $500,000171 7215
$500,000 - $1,000,00077 872
$1,000,000 - $1,500,00014 787
$1,500,000 - $2,000,0004 750
> $2,000,0006 830

Loan to Income Ratios Research for Mortgage in Gail 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%4156 19
30 - 60%8564 15
60 - 100%20679 9
100 - 200%60176 9
200 - 300%43972 13
300 - 400%30166 16
> 400%26360 23

Gail Lake, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling967 798
Owner-Occupied As A Principal Dwelling947 6319
Not Applicable6 3333

Home Owner Property Type Statistics in Gail 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)1,858 7113
One To Four-Family51 801
Manufactured Housing27 4848
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