Top Lake No. 2, MN Mortgage Lenders

RankLake No. 2 Mortgage LenderLake No. 2 Home Loans ProcessedLake No. 2 Home Loans ApprovedLake No. 2 Home Loans DeniedLake No. 2 Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake No. 2 Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 430 67%17%
  • 176%
  • (90,000 Loan / $51,000 Income)
  • 136%
  • (90,000 Loan / $66,000 Income)
2Citimortgage 144 70%9%
  • 258%
  • (295,000 / $114,000)
  • 350%
  • (119,000 / $34,000)
3Phh Mortgage Corporation 109 82%6%
  • 231%
  • (148,000 / $64,000)
  • 241%
  • (215,000 / $89,000)
4Jpmorgan Chase Bank 80 73%25%
  • 246%
  • (121,000 / $49,000)
  • 210%
  • (154,000 / $73,000)
5Countrywide Bank Fsb 65 73%16%
  • 197%
  • (288,000 / $146,000)
  • 204%
  • (180,000 / $88,000)
6Us Bank 52 75%17%
  • 228%
  • (135,000 / $59,000)
  • 180%
  • (101,000 / $56,000)
7Beneficial Company Llc 43 9%67%
  • 52%
  • (45,000 / $85,000)
  • 142%
  • (147,000 / $103,000)
8Abn Amro Mtg Group Inc 37 70%10%
  • 265%
  • (263,000 / $99,000)
  • 231%
  • (160,000 / $69,000)
9Wells Fargo Fin'l Minnesota 36 27%38%
  • 289%
  • (55,000 / $19,000)
  • 131%
  • (50,000 / $38,000)
10Citibank 36 63%19%
  • 151%
  • (82,000 / $54,000)
  • 175%
  • (193,000 / $110,000)
11Affinity Plus Federal Credit U 36 77%5%
  • 116%
  • (91,000 / $78,000)
  • 193%
  • (60,000 / $31,000)
12North Shore Bank Of Commerce 35 74%8%
  • 210%
  • (63,000 / $30,000)
  • 67%
  • (35,000 / $52,000)
13Bank Of America 33 66%24%
  • 148%
  • (74,000 / $50,000)
  • 255%
  • (248,000 / $97,000)
14Mortgage Guaranty Insurance Co 32 75%9%
  • 237%
  • (76,000 / $32,000)
  • 167%
  • (117,000 / $70,000)
15Countrywide Home Loans 31 77%22%
  • 232%
  • (128,000 / $55,000)
  • 154%
  • (650,000 / $420,000)
16Guild Mortgage Company 29 100%0% 0 0
17United Guaranty Corporation 25 80%4%
  • 228%
  • (130,000 / $57,000)
  • 160%
  • (112,000 / $70,000)
18Flagstar Bank 25 60%20%
  • 198%
  • (109,000 / $55,000)
  • 343%
  • (158,000 / $46,000)
19Genworth Mortgage Insurance Co 22 50%18%
  • 242%
  • (114,000 / $47,000)
  • 160%
  • (112,000 / $70,000)
20Suntrust Mortgage 20 85%15%
  • 230%
  • (256,000 / $111,000)
  • 343%
  • (230,000 / $67,000)

Lake No. 2, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,997
  2. Loan Applications Denied: 361
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 1,301
  5. % of Loan Applications Originated 65

Lake No. 2, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Debt-to-income ratio7
Credit history6
Unverifiable information2
Credit application incomplete2

Lake No. 2, 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 - $100,000602 6119
$100,000 - $300,0001,190 6616
$300,000 - $500,000186 6316
$500,000 - $1,000,00019 3647

Lake No. 2, 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 - $100,0001,451 6219
$100,000 - $300,000481 7014
$300,000 - $500,00044 6015
$500,000 - $1,000,00018 725
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Lake No. 2, 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%8051 31
30 - 60%10462 17
60 - 100%17965 17
100 - 200%60266 17
200 - 300%54366 15
300 - 400%28562 17
> 400%20461 23

Lake No. 2, 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 Dwelling1,638 6418
Not Owner-Occupied As A Principal Dwelling339 6915
Not Applicable1 00

Home Owner Property Type Statistics in Lake No. 2, 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)1,805 6518
One To Four-Family142 717
Manufactured Housing50 3446
More Lake No. 2, MN Mortgage Research: