Top Grand Portage, MN Mortgage Lenders

RankGrand Portage Mortgage LenderGrand Portage Home Loans ProcessedGrand Portage Home Loans ApprovedGrand Portage Home Loans DeniedGrand Portage Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGrand Portage Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 143 65%16%
  • 162%
  • (234,000 Loan / $144,000 Income)
  • 170%
  • (349,000 Loan / $205,000 Income)
2Jpmorgan Chase Bank 69 94%2%
  • 257%
  • (276,000 / $107,000)
  • 805%
  • (145,000 / $18,000)
3The Business Bank 66 96%1%
  • 293%
  • (214,000 / $73,000)
  • 4838%
  • (1,500,000 / $31,000)
4Citimortgage 43 88%4%
  • 220%
  • (143,000 / $65,000)
  • 583%
  • (140,000 / $24,000)
5Us Bank 34 50%35%
  • 191%
  • (165,000 / $86,000)
  • 214%
  • (417,000 / $194,000)
6Countrywide Bank Fsb 31 74%12%
  • 222%
  • (196,000 / $88,000)
  • 422%
  • (875,000 / $207,000)
7Bank Of America 21 85%14%
  • 251%
  • (397,000 / $158,000)
  • 602%
  • (301,000 / $50,000)
8Countrywide Home Loans 18 77%11%
  • 229%
  • (248,000 / $108,000)
  • 336%
  • (232,000 / $69,000)
9Citibank 16 56%18%
  • 329%
  • (395,000 / $120,000)
  • 99%
  • (298,000 / $300,000)
10Associated Bank Na 15 53%40%
  • 298%
  • (197,000 / $66,000)
  • 352%
  • (176,000 / $50,000)
11Quicken Loans 14 64%28%
  • 292%
  • (222,000 / $76,000)
  • 311%
  • (193,000 / $62,000)
12Wells Fargo Funding 12 100%0%
  • 165%
  • (417,000 / $252,000)
0
13Lakeland Mortgage Corporation 10 80%0%
  • 331%
  • (242,000 / $73,000)
0
14Beneficial Company Llc 10 0%60% 0
  • 198%
  • (119,000 / $60,000)
15Hiway Federal Credit Union 9 88%0%
  • 126%
  • (200,000 / $158,000)
0
16Suntrust Mortgage 8 87%12%
  • 418%
  • (155,000 / $37,000)
  • 593%
  • (285,000 / $48,000)
17North Shore Bank Of Commerce 8 87%0%
  • 130%
  • (540,000 / $415,000)
0
18Ally Bank F/K/A/ Gmac Bank 8 25%25%
  • 200%
  • (251,000 / $125,000)
  • 583%
  • (140,000 / $24,000)
19Provident Funding Associates 7 71%28%
  • 76%
  • (117,000 / $153,000)
  • 251%
  • (408,000 / $162,000)
20Affinity Plus Federal Credit U 7 85%0%
  • 278%
  • (203,000 / $73,000)
0

Grand Portage, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 847
  2. Loan Applications Denied: 136
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 591
  5. % of Loan Applications Originated 69

Grand Portage, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral32
Debt-to-income ratio14
Credit history4
Unverifiable information2
Insufficient cash (downpayment, closing costs)1

Grand Portage, 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 - $100,000106 6021
$100,000 - $300,000531 6914
$300,000 - $500,000175 7614
$500,000 - $1,000,00034 5229
$1,000,000 - $1,500,0001 0100

Grand Portage, 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 - $100,000454 6816
$100,000 - $300,000313 6916
$300,000 - $500,00057 7710
$500,000 - $1,000,00016 7412
$1,000,000 - $1,500,0005 6020
$1,500,000 - $2,000,0002 500

Loan to Income Ratios Research for Mortgage in Grand Portage, 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%1680 12
30 - 60%4961 22
60 - 100%10264 14
100 - 200%21274 13
200 - 300%20270 14
300 - 400%12966 19
> 400%13766 18

Grand Portage, 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 Dwelling470 7014
Not Owner-Occupied As A Principal Dwelling370 7018

Home Owner Property Type Statistics in Grand Portage, 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)823 6916
One To Four-Family19 780
Manufactured Housing5 4060
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