Top Lake Benton, MN Mortgage Lenders

RankLake Benton Mortgage LenderLake Benton Home Loans ProcessedLake Benton Home Loans ApprovedLake Benton Home Loans DeniedLake Benton Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Benton Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,557 61%17%
  • 201%
  • (119,000 Loan / $59,000 Income)
  • 193%
  • (159,000 Loan / $82,000 Income)
2Affinity Plus Federal Credit U 697 63%6%
  • 111%
  • (137,000 / $123,000)
  • 263%
  • (100,000 / $38,000)
3Jpmorgan Chase Bank 671 81%15%
  • 213%
  • (126,000 / $59,000)
  • 205%
  • (80,000 / $39,000)
4Countrywide Bank Fsb 604 69%19%
  • 220%
  • (132,000 / $60,000)
  • 269%
  • (202,000 / $75,000)
5Citimortgage 579 83%8%
  • 218%
  • (109,000 / $50,000)
  • 310%
  • (236,000 / $76,000)
6Us Bank 472 80%11%
  • 218%
  • (175,000 / $80,000)
  • 266%
  • (80,000 / $30,000)
7Countrywide Home Loans 353 81%13%
  • 220%
  • (238,000 / $108,000)
  • 236%
  • (170,000 / $72,000)
8Bank Of America 343 73%16%
  • 226%
  • (238,000 / $105,000)
  • 284%
  • (142,000 / $50,000)
9Beneficial Company Llc 334 5%82%
  • 157%
  • (150,000 / $95,000)
  • 236%
  • (130,000 / $55,000)
10Mortgage Guaranty Insurance Co 325 72%9%
  • 241%
  • (140,000 / $58,000)
  • 224%
  • (323,000 / $144,000)
11Genworth Mortgage Insurance Co 233 70%3%
  • 231%
  • (155,000 / $67,000)
  • 210%
  • (179,000 / $85,000)
12Kleinbank 232 74%12%
  • 128%
  • (128,000 / $100,000)
  • 179%
  • (77,000 / $43,000)
13Wells Fargo Funding 214 99%0%
  • 265%
  • (297,000 / $112,000)
  • 605%
  • (230,000 / $38,000)
14Wells Fargo Fin'l Minnesota 205 19%47%
  • 258%
  • (145,000 / $56,000)
  • 239%
  • (67,000 / $28,000)
15Community Security Bank 201 77%5%
  • 202%
  • (178,000 / $88,000)
  • 425%
  • (119,000 / $28,000)
16Citibank 199 72%17%
  • 78%
  • (72,000 / $92,000)
  • 68%
  • (75,000 / $110,000)
17Citifinancial Services Inc 181 27%45%
  • 185%
  • (87,000 / $47,000)
  • 118%
  • (26,000 / $22,000)
18United Guaranty Corporation 166 74%8%
  • 235%
  • (127,000 / $54,000)
  • 241%
  • (241,000 / $100,000)
19Hfc Company Llc 164 6%76%
  • 185%
  • (78,000 / $42,000)
  • 218%
  • (175,000 / $80,000)
20Us Bank North Dakota 162 30%44%
  • 185%
  • (113,000 / $61,000)
  • 166%
  • (60,000 / $36,000)

Lake Benton, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 16,612
  2. Loan Applications Denied: 3,150
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 10,492
  5. % of Loan Applications Originated 63

Lake Benton, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history10
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information1

Lake Benton, 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 - $100,0006,120 6021
$100,000 - $300,0009,138 6317
$300,000 - $500,0001,179 6416
$500,000 - $1,000,000146 6520
$1,000,000 - $1,500,00024 6220
$1,500,000 - $2,000,0002 500
> $2,000,0003 660

Lake Benton, 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 - $100,00012,927 6020
$100,000 - $300,0003,317 6913
$300,000 - $500,000241 7114
$500,000 - $1,000,00098 804
$1,000,000 - $1,500,00021 769
$1,500,000 - $2,000,0003 660
> $2,000,0005 800

Loan to Income Ratios Research for Mortgage in Lake Benton, 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%80564 21
30 - 60%1,14462 20
60 - 100%1,42565 17
100 - 200%4,64566 15
200 - 300%4,49862 17
300 - 400%2,44461 20
> 400%1,65150 29

Lake Benton, 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 Dwelling14,416 6120
Not Owner-Occupied As A Principal Dwelling2,074 7512
Not Applicable35 5717

Home Owner Property Type Statistics in Lake Benton, 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)15,021 6219
One To Four-Family1,150 746
Manufactured Housing441 5230
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