Top Lake Elmo, MN Mortgage Lenders

RankLake Elmo Mortgage LenderLake Elmo Home Loans ProcessedLake Elmo Home Loans ApprovedLake Elmo Home Loans DeniedLake Elmo Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Elmo Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,093 72%10%
  • 197%
  • (417,000 Loan / $211,000 Income)
  • 218%
  • (286,000 Loan / $131,000 Income)
2Jpmorgan Chase Bank 549 88%10%
  • 208%
  • (417,000 / $200,000)
  • 259%
  • (324,000 / $125,000)
3Us Bank 491 80%11%
  • 242%
  • (417,000 / $172,000)
  • 269%
  • (332,000 / $123,000)
4Bank Of America 325 84%8%
  • 225%
  • (140,000 / $62,000)
  • 295%
  • (139,000 / $47,000)
5Citimortgage 322 83%6%
  • 214%
  • (268,000 / $125,000)
  • 281%
  • (149,000 / $53,000)
6Lake Elmo Bank 259 76%10%
  • 163%
  • (240,000 / $147,000)
  • 213%
  • (759,000 / $355,000)
7Affinity Plus Federal Credit U 222 65%3%
  • 160%
  • (104,000 / $65,000)
  • 270%
  • (138,000 / $51,000)
8Us Bk Na Nd 205 54%32%
  • 117%
  • (73,000 / $62,000)
  • 159%
  • (147,000 / $92,000)
9Wells Fargo Funding 198 95%3%
  • 228%
  • (160,000 / $70,000)
  • 362%
  • (895,000 / $247,000)
10Citibank 198 72%10%
  • 186%
  • (112,000 / $60,000)
  • 141%
  • (112,000 / $79,000)
11Tcf National Bank 191 26%36%
  • 259%
  • (127,000 / $49,000)
  • 278%
  • (223,000 / $80,000)
12Countrywide Bank Fsb 183 77%12%
  • 212%
  • (183,000 / $86,000)
  • 315%
  • (82,000 / $26,000)
13The Business Bank 166 92%4%
  • 245%
  • (59,000 / $24,000)
  • 212%
  • (106,000 / $50,000)
14Phh Home Loans 150 83%2%
  • 267%
  • (401,000 / $150,000)
  • 216%
  • (308,000 / $142,000)
15Provident Funding Associates 145 70%16%
  • 254%
  • (168,000 / $66,000)
  • 302%
  • (417,000 / $138,000)
16Bell America Mortgage Llc Dba 134 77%0%
  • 282%
  • (299,000 / $106,000)
0
17St. Paul Postal Employees Cu 115 77%17%
  • 185%
  • (210,000 / $113,000)
  • 287%
  • (259,000 / $90,000)
18Origen Financial Services Llc 115 71%3%
  • 136%
  • (67,000 / $49,000)
  • 164%
  • (82,000 / $50,000)
19State Bank & Trust 111 75%3%
  • 254%
  • (316,000 / $124,000)
  • 296%
  • (365,000 / $123,000)
20Countrywide Home Loans 100 84%11%
  • 238%
  • (750,000 / $315,000)
  • 335%
  • (520,000 / $155,000)

Lake Elmo, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 10,269
  2. Loan Applications Denied: 1,249
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 7,367
  5. % of Loan Applications Originated 71

Lake Elmo, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history9
Credit application incomplete4
Unverifiable information2

Lake Elmo, 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 - $100,0001,664 6815
$100,000 - $300,0005,792 7211
$300,000 - $500,0002,487 7310
$500,000 - $1,000,000301 5225
$1,000,000 - $1,500,00023 6921
$1,500,000 - $2,000,0002 0100

Lake Elmo, 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 - $100,0005,400 6914
$100,000 - $300,0004,447 739
$300,000 - $500,000286 7110
$500,000 - $1,000,000103 6310
$1,000,000 - $1,500,00019 5721
$1,500,000 - $2,000,0005 2060
> $2,000,0009 8811

Loan to Income Ratios Research for Mortgage in Lake Elmo, 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%32862 20
30 - 60%48265 14
60 - 100%79772 10
100 - 200%2,94476 9
200 - 300%2,86273 10
300 - 400%1,67070 12
> 400%1,18658 21

Lake Elmo, 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 Dwelling9,995 7112
Not Owner-Occupied As A Principal Dwelling265 6318
Not Applicable4 750

Home Owner Property Type Statistics in Lake Elmo, 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)9,763 7112
One To Four-Family339 757
Manufactured Housing167 5914
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