Top Grass Lake, MN Mortgage Lenders

RankGrass Lake Mortgage LenderGrass Lake Home Loans ProcessedGrass Lake Home Loans ApprovedGrass Lake Home Loans DeniedGrass Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGrass Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 138 51%27%
  • 209%
  • (134,000 Loan / $64,000 Income)
  • 200%
  • (144,000 Loan / $72,000 Income)
2Jpmorgan Chase Bank 58 68%27%
  • 268%
  • (59,000 / $22,000)
  • 212%
  • (70,000 / $33,000)
3Countrywide Bank Fsb 54 50%31%
  • 195%
  • (170,000 / $87,000)
  • 300%
  • (171,000 / $57,000)
4Citimortgage 50 70%16%
  • 356%
  • (257,000 / $72,000)
  • 353%
  • (339,000 / $96,000)
5C.U. Mortgage Services, 43 58%23%
  • 228%
  • (73,000 / $32,000)
  • 275%
  • (110,000 / $40,000)
6Rural American Bank 38 86%13%
  • 157%
  • (55,000 / $35,000)
  • 337%
  • (145,000 / $43,000)
7Beneficial Company Llc 37 2%81%
  • 346%
  • (97,000 / $28,000)
  • 265%
  • (215,000 / $81,000)
8Us Bank North Dakota 34 26%44%
  • 51%
  • (40,000 / $78,000)
  • 189%
  • (191,000 / $101,000)
9Affinity Plus Federal Credit U 33 54%15%
  • 135%
  • (65,000 / $48,000)
  • 250%
  • (170,000 / $68,000)
10Countrywide Home Loans 31 67%19%
  • 200%
  • (86,000 / $43,000)
  • 227%
  • (107,000 / $47,000)
11Us Bank 30 63%23%
  • 250%
  • (120,000 / $48,000)
  • 378%
  • (125,000 / $33,000)
12Bank Of America 24 70%16%
  • 219%
  • (114,000 / $52,000)
  • 533%
  • (192,000 / $36,000)
13Citibank 22 77%18%
  • 156%
  • (130,000 / $83,000)
  • 100%
  • (100,000 / $100,000)
14Wells Fargo Funding 18 100%0%
  • 240%
  • (132,000 / $55,000)
0
15Peoples National Bank Of Mora 17 94%5%
  • 141%
  • (110,000 / $78,000)
  • 258%
  • (75,000 / $29,000)
16Nationstar Mortgage Llc 16 31%31%
  • 189%
  • (140,000 / $74,000)
  • 311%
  • (162,000 / $52,000)
17Mortgage Guaranty Insurance Co 16 75%18%
  • 291%
  • (163,000 / $56,000)
  • 261%
  • (136,000 / $52,000)
18Minnco Credit Union 15 46%0%
  • 252%
  • (129,000 / $51,000)
0
19Bell America Mortgage Llc Dba 15 46%0%
  • 280%
  • (157,000 / $56,000)
0
20Genworth Mortgage Insurance Co 14 7%14%
  • 382%
  • (157,000 / $41,000)
  • 273%
  • (164,000 / $60,000)

Grass Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,260
  2. Loan Applications Denied: 313
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 681
  5. % of Loan Applications Originated 54

Grass Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history14
Debt-to-income ratio9
Credit application incomplete4
Unverifiable information2

Grass 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 - $100,000363 5424
$100,000 - $300,000860 5425
$300,000 - $500,00037 3527

Grass 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 - $100,0001,092 5325
$100,000 - $300,000167 5423
$300,000 - $500,0001 00

Loan to Income Ratios Research for Mortgage in Grass 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%3849 31
30 - 60%6148 27
60 - 100%7752 23
100 - 200%31059 21
200 - 300%35654 22
300 - 400%24353 23
> 400%17542 36

Grass 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 Dwelling1,193 5324
Not Owner-Occupied As A Principal Dwelling63 6523
Not Applicable1 0100

Home Owner Property Type Statistics in Grass 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)1,109 5425
Manufactured Housing84 4732
One To Four-Family67 628
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