Top Lake City, MN Mortgage Lenders

RankLake City Mortgage LenderLake City Home Loans ProcessedLake City Home Loans ApprovedLake City Home Loans DeniedLake City Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake City Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,920 60%18%
  • 190%
  • (135,000 Loan / $71,000 Income)
  • 162%
  • (112,000 Loan / $69,000 Income)
2Jpmorgan Chase Bank 733 82%13%
  • 238%
  • (105,000 / $44,000)
  • 210%
  • (143,000 / $68,000)
3Countrywide Bank Fsb 684 70%16%
  • 220%
  • (132,000 / $60,000)
  • 243%
  • (207,000 / $85,000)
4Citimortgage 605 78%8%
  • 202%
  • (73,000 / $36,000)
  • 240%
  • (77,000 / $32,000)
5Affinity Plus Federal Credit U 528 66%6%
  • 96%
  • (88,000 / $91,000)
  • 220%
  • (75,000 / $34,000)
6Beneficial Company Llc 520 7%75%
  • 209%
  • (92,000 / $44,000)
  • 215%
  • (43,000 / $20,000)
7Mortgage Guaranty Insurance Co 463 68%9%
  • 226%
  • (143,000 / $63,000)
  • 240%
  • (142,000 / $59,000)
8Genworth Mortgage Insurance Co 450 57%3%
  • 233%
  • (105,000 / $45,000)
  • 204%
  • (170,000 / $83,000)
9Us Bank 439 77%13%
  • 197%
  • (160,000 / $81,000)
  • 217%
  • (122,000 / $56,000)
10Countrywide Home Loans 382 79%14%
  • 209%
  • (134,000 / $64,000)
  • 186%
  • (205,000 / $110,000)
11Bank Of America 370 77%15%
  • 224%
  • (245,000 / $109,000)
  • 243%
  • (78,000 / $32,000)
12Agstar Financial Services 315 64%9%
  • 200%
  • (136,000 / $68,000)
  • 219%
  • (200,000 / $91,000)
13Embrace Home Loans, 307 11%43%
  • 225%
  • (124,000 / $55,000)
  • 250%
  • (150,000 / $60,000)
14Us Bank North Dakota 300 35%41%
  • 106%
  • (97,000 / $91,000)
  • 143%
  • (93,000 / $65,000)
15Roundbank 298 79%11%
  • 117%
  • (66,000 / $56,000)
  • 192%
  • (110,000 / $57,000)
16Citifinancial Services Inc 282 33%41%
  • 178%
  • (50,000 / $28,000)
  • 118%
  • (44,000 / $37,000)
17Friend Bank 278 87%6%
  • 109%
  • (95,000 / $87,000)
  • 264%
  • (45,000 / $17,000)
18Wells Fargo Fin'l Minnesota 260 20%52%
  • 203%
  • (112,000 / $55,000)
  • 212%
  • (134,000 / $63,000)
19Wells Federal Bank 244 57%14%
  • 181%
  • (67,000 / $37,000)
  • 257%
  • (90,000 / $35,000)
20Peoples State Bank Of Plainvie 236 94%5%
  • 145%
  • (108,000 / $74,000)
  • 257%
  • (116,000 / $45,000)

Lake City, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 20,337
  2. Loan Applications Denied: 3,962
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 12,612
  5. % of Loan Applications Originated 62

Lake City, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history9
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Lake City, 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 - $100,0008,743 6021
$100,000 - $300,00010,722 6217
$300,000 - $500,000804 5818
$500,000 - $1,000,00062 5724
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Lake City, 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 - $100,00017,039 6020
$100,000 - $300,0003,036 6813
$300,000 - $500,000155 6813
$500,000 - $1,000,00087 6717
$1,000,000 - $1,500,00013 6030
$1,500,000 - $2,000,0007 710

Loan to Income Ratios Research for Mortgage in Lake City, 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%1,00164 21
30 - 60%1,38860 22
60 - 100%1,87162 20
100 - 200%6,12665 15
200 - 300%5,45061 17
300 - 400%2,76458 19
> 400%1,73747 31

Lake City, 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 Dwelling18,482 6119
Not Owner-Occupied As A Principal Dwelling1,702 7016
Not Applicable38 4226

Home Owner Property Type Statistics in Lake City, 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)17,971 6120
One To Four-Family1,705 704
Manufactured Housing661 5229
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