Top Lake Jessie, MN Mortgage Lenders

RankLake Jessie Mortgage LenderLake Jessie Home Loans ProcessedLake Jessie Home Loans ApprovedLake Jessie Home Loans DeniedLake Jessie Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Jessie Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 114 54%19%
  • 168%
  • (152,000 Loan / $90,000 Income)
  • 191%
  • (94,000 Loan / $49,000 Income)
2Affinity Plus Federal Credit U 114 55%12%
  • 158%
  • (116,000 / $73,000)
  • 250%
  • (80,000 / $32,000)
3American Bank Of The North 24 70%29%
  • 157%
  • (88,000 / $56,000)
  • 175%
  • (175,000 / $100,000)
4Countrywide Bank Fsb 20 65%15%
  • 266%
  • (205,000 / $77,000)
  • 444%
  • (151,000 / $34,000)
5Jpmorgan Chase Bank 17 47%41%
  • 201%
  • (232,000 / $115,000)
  • 188%
  • (132,000 / $70,000)
6Citimortgage 17 82%11%
  • 269%
  • (124,000 / $46,000)
  • 368%
  • (177,000 / $48,000)
7Us Bank North Dakota 14 28%42%
  • 408%
  • (94,000 / $23,000)
  • 364%
  • (124,000 / $34,000)
8Northview Bank 13 61%0%
  • 252%
  • (43,000 / $17,000)
0
9Beneficial Company Llc 13 38%53%
  • 228%
  • (105,000 / $46,000)
  • 272%
  • (150,000 / $55,000)
10Wells Fargo Fin'l Minnesota 11 9%63%
  • 151%
  • (68,000 / $45,000)
  • 212%
  • (83,000 / $39,000)
11Freedom Mortgage Corp. 10 70%10%
  • 312%
  • (78,000 / $25,000)
  • 166%
  • (85,000 / $51,000)
12Bank Of America 10 80%20%
  • 370%
  • (111,000 / $30,000)
  • 642%
  • (405,000 / $63,000)
13Countrywide Home Loans 9 77%11%
  • 257%
  • (232,000 / $90,000)
  • 54%
  • (28,000 / $51,000)
14Quicken Loans 8 87%12%
  • 298%
  • (227,000 / $76,000)
  • 220%
  • (44,000 / $20,000)
15Hiway Federal Credit Union 8 75%0%
  • 106%
  • (80,000 / $75,000)
0
16Wells Fargo Funding 7 100%0%
  • 379%
  • (406,000 / $107,000)
0
17Us Bk Na Nd 7 57%42%
  • 67%
  • (42,000 / $62,000)
  • 171%
  • (118,000 / $69,000)
18Us Bank 7 71%28%
  • 183%
  • (108,000 / $59,000)
  • 122%
  • (108,000 / $88,000)
19New Day Financial, Llc 7 0%71% 0
  • 214%
  • (206,000 / $96,000)
20Mortgage Guaranty Insurance Co 7 57%14%
  • 312%
  • (78,000 / $25,000)
  • 213%
  • (128,000 / $60,000)

Lake Jessie, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 640
  2. Loan Applications Denied: 147
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 354
  5. % of Loan Applications Originated 55

Lake Jessie, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history15
Debt-to-income ratio8
Credit application incomplete5
Unverifiable information2

Lake Jessie, 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 - $100,000266 5320
$100,000 - $300,000349 5624
$300,000 - $500,00024 4133
$1,000,000 - $1,500,0001 1000

Lake Jessie, 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 - $100,000508 5224
$100,000 - $300,000124 6317
$300,000 - $500,0005 6020
$500,000 - $1,000,0003 033

Loan to Income Ratios Research for Mortgage in Lake Jessie, 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%3259 28
30 - 60%4953 14
60 - 100%6150 27
100 - 200%18358 19
200 - 300%16157 20
300 - 400%9460 19
> 400%6036 46

Lake Jessie, 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 Dwelling503 5224
Not Owner-Occupied As A Principal Dwelling129 6518
Not Applicable1 00

Home Owner Property Type Statistics in Lake Jessie, 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)563 5522
Manufactured Housing47 4231
One To Four-Family30 6310
More Lake Jessie, MN Mortgage Research: