Top Hart Lake, MN Mortgage Lenders

RankHart Lake Mortgage LenderHart Lake Home Loans ProcessedHart Lake Home Loans ApprovedHart Lake Home Loans DeniedHart Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHart Lake Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 372 63%8%
  • 141%
  • (109,000 Loan / $77,000 Income)
  • 191%
  • (138,000 Loan / $72,000 Income)
2Wells Fargo Bank 207 68%16%
  • 180%
  • (81,000 / $45,000)
  • 179%
  • (178,000 / $99,000)
3Us Bank 68 85%10%
  • 225%
  • (45,000 / $20,000)
  • 343%
  • (398,000 / $116,000)
4Bank Forward 65 76%3%
  • 214%
  • (150,000 / $70,000)
  • 180%
  • (90,000 / $50,000)
5Citimortgage 38 73%7%
  • 154%
  • (167,000 / $108,000)
  • 486%
  • (219,000 / $45,000)
6Countrywide Bank Fsb 37 62%18%
  • 215%
  • (168,000 / $78,000)
  • 284%
  • (188,000 / $66,000)
7Jpmorgan Chase Bank 32 62%34%
  • 323%
  • (110,000 / $34,000)
  • 133%
  • (144,000 / $108,000)
8Northwoods Bank Of Minnesota 29 96%3%
  • 187%
  • (105,000 / $56,000)
  • 476%
  • (100,000 / $21,000)
9Countrywide Home Loans 23 73%21%
  • 269%
  • (140,000 / $52,000)
  • 182%
  • (106,000 / $58,000)
10Cmg Mortgage Insurance Co. 23 69%0%
  • 212%
  • (123,000 / $58,000)
0
11Mortgage Guaranty Insurance Co 21 85%4%
  • 244%
  • (176,000 / $72,000)
  • 113%
  • (113,000 / $100,000)
12Beneficial Company Llc 17 11%82%
  • 36%
  • (31,000 / $86,000)
  • 142%
  • (130,000 / $91,000)
13Wells Fargo Fin'l Minnesota 13 15%53%
  • 274%
  • (148,000 / $54,000)
  • 169%
  • (105,000 / $62,000)
14Bank Of America 13 76%15%
  • 233%
  • (131,000 / $56,000)
  • 359%
  • (79,000 / $22,000)
15Merchants Bank 11 100%0%
  • 188%
  • (51,000 / $27,000)
0
16Delta Funding Corporation 10 20%0%
  • 283%
  • (102,000 / $36,000)
0
17Citifinancial Services Inc 10 50%40%
  • 285%
  • (97,000 / $34,000)
  • 187%
  • (15,000 / $8,000)
18Us Bank North Dakota 9 0%77% 0
  • 215%
  • (125,000 / $58,000)
19Hiway Federal Credit Union 9 88%0%
  • 238%
  • (234,000 / $98,000)
0
20Gmac Mortgage Llc 9 0%44% 0
  • 274%
  • (151,000 / $55,000)

Hart Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,418
  2. Loan Applications Denied: 233
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 909
  5. % of Loan Applications Originated 64

Hart Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral11
Debt-to-income ratio8
Unverifiable information2
Credit application incomplete2

Hart 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 - $100,000488 6116
$100,000 - $300,000830 6515
$300,000 - $500,00095 6022
$500,000 - $1,000,0005 6020

Hart 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 - $100,0001,088 6016
$100,000 - $300,000301 7214
$300,000 - $500,00021 8414
$500,000 - $1,000,0008 7512

Loan to Income Ratios Research for Mortgage in Hart 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%5558 21
30 - 60%10263 16
60 - 100%13771 13
100 - 200%44665 14
200 - 300%36866 16
300 - 400%17157 16
> 400%13952 24

Hart 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 Dwelling1,169 6117
Not Owner-Occupied As A Principal Dwelling239 7810
Not Applicable2 1000

Home Owner Property Type Statistics in Hart 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)1,262 6316
Manufactured Housing84 6320
One To Four-Family72 775
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