Top Lake Lillian, MN Mortgage Lenders

RankLake Lillian Mortgage LenderLake Lillian Home Loans ProcessedLake Lillian Home Loans ApprovedLake Lillian Home Loans DeniedLake Lillian Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Lillian Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 80 60%16%
  • 170%
  • (194,000 Loan / $114,000 Income)
  • 141%
  • (41,000 Loan / $29,000 Income)
2Jpmorgan Chase Bank 29 89%10%
  • 175%
  • (167,000 / $95,000)
  • 186%
  • (300,000 / $161,000)
3Phh Mortgage Corporation 28 89%0%
  • 140%
  • (112,000 / $80,000)
0
4Beneficial Company Llc 18 5%72%
  • 207%
  • (118,000 / $57,000)
  • 198%
  • (113,000 / $57,000)
5Citimortgage 15 80%0% 0 0
6Hometown Bank 13 76%15%
  • 201%
  • (191,000 / $95,000)
  • 148%
  • (61,000 / $41,000)
7Us Bank 12 91%0%
  • 143%
  • (116,000 / $81,000)
0
8Countrywide Bank Fsb 11 36%45% 0
  • 391%
  • (219,000 / $56,000)
9Trustone Financial Fcu 10 60%10%
  • 63%
  • (35,000 / $55,000)
  • 150%
  • (36,000 / $24,000)
10Citifinancial Services Inc 10 30%30%
  • 102%
  • (47,000 / $46,000)
  • 103%
  • (53,000 / $51,000)
11Wells Fargo Fin'l Minnesota 9 33%33%
  • 192%
  • (102,000 / $53,000)
  • 234%
  • (75,000 / $32,000)
12Citibank 9 100%0%
  • 127%
  • (75,000 / $59,000)
0
13North American State Bank 8 75%25%
  • 161%
  • (55,000 / $34,000)
  • 250%
  • (95,000 / $38,000)
14Countrywide Home Loans 8 50%37%
  • 136%
  • (120,000 / $88,000)
  • 327%
  • (180,000 / $55,000)
15Bremer Bank Na (Willmar) 8 100%0%
  • 245%
  • (255,000 / $104,000)
0
16Embrace Home Loans, 7 14%57%
  • 244%
  • (83,000 / $34,000)
  • 1000%
  • (190,000 / $19,000)
17Citizens Alliance Bank 7 85%14%
  • 119%
  • (50,000 / $42,000)
  • 70%
  • (40,000 / $57,000)
18Us Bk Na Nd 6 66%33%
  • 207%
  • (56,000 / $27,000)
  • 263%
  • (95,000 / $36,000)
19Suntrust Mortgage 6 83%0%
  • 195%
  • (131,000 / $67,000)
0
20Mortgage Services Iii, L.L.C. 6 83%16%
  • 209%
  • (65,000 / $31,000)
  • 280%
  • (87,000 / $31,000)

Lake Lillian, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 457
  2. Loan Applications Denied: 91
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 282
  5. % of Loan Applications Originated 61

Lake Lillian, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Debt-to-income ratio13
Collateral11
Insufficient cash (downpayment, closing costs)3
Credit application incomplete3

Lake Lillian, 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 - $100,000217 5522
$100,000 - $300,000234 6417
$300,000 - $500,0004 1000
$500,000 - $1,000,0002 5050

Lake Lillian, 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 - $100,000385 5721
$100,000 - $300,00059 7213
$300,000 - $500,0006 990
$500,000 - $1,000,0007 8514

Loan to Income Ratios Research for Mortgage in Lake Lillian, 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%1983 5
30 - 60%3160 29
60 - 100%5667 10
100 - 200%15562 21
200 - 300%11359 22
300 - 400%4756 17
> 400%3646 25

Lake Lillian, 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 Dwelling400 5921
Not Owner-Occupied As A Principal Dwelling53 8111
Not Applicable3 660

Home Owner Property Type Statistics in Lake Lillian, 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)422 6120
One To Four-Family19 735
Manufactured Housing16 4325
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