Top Lake Park, MN Mortgage Lenders

RankLake Park Mortgage LenderLake Park Home Loans ProcessedLake Park Home Loans ApprovedLake Park Home Loans DeniedLake Park Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Park Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 518 69%12%
  • 190%
  • (173,000 Loan / $91,000 Income)
  • 238%
  • (370,000 Loan / $155,000 Income)
2State Bank & Trust 184 77%10%
  • 100%
  • (82,000 / $82,000)
  • 392%
  • (165,000 / $42,000)
3Jpmorgan Chase Bank 159 86%12%
  • 312%
  • (194,000 / $62,000)
  • 227%
  • (139,000 / $61,000)
4Countrywide Bank Fsb 140 73%18%
  • 213%
  • (360,000 / $169,000)
  • 289%
  • (417,000 / $144,000)
5Citimortgage 133 91%3%
  • 233%
  • (240,000 / $103,000)
  • 288%
  • (124,000 / $43,000)
6Us Bank 128 82%10%
  • 235%
  • (278,000 / $118,000)
  • 193%
  • (417,000 / $215,000)
7Affinity Plus Federal Credit U 109 69%6%
  • 142%
  • (47,000 / $33,000)
  • 183%
  • (165,000 / $90,000)
8Countrywide Home Loans 93 83%9%
  • 271%
  • (152,000 / $56,000)
  • 208%
  • (204,000 / $98,000)
9Gate City Bank 80 75%7%
  • 171%
  • (206,000 / $120,000)
  • 490%
  • (162,000 / $33,000)
10Bank Of America 69 66%21%
  • 243%
  • (222,000 / $91,000)
  • 224%
  • (186,000 / $83,000)
11Bremer Bank Na (Fargo) 63 65%11%
  • 173%
  • (274,000 / $158,000)
  • 64%
  • (50,000 / $78,000)
12Citibank 60 75%11%
  • 100%
  • (102,000 / $101,000)
  • 109%
  • (35,000 / $32,000)
13Beneficial Company Llc 39 0%82% 0
  • 214%
  • (150,000 / $70,000)
14Mortgage Guaranty Insurance Co 38 60%10%
  • 245%
  • (140,000 / $57,000)
  • 458%
  • (371,000 / $81,000)
15Us Bank North Dakota 36 33%36%
  • 148%
  • (135,000 / $91,000)
  • 257%
  • (67,000 / $26,000)
16Midwest Bank 28 92%7%
  • 168%
  • (417,000 / $248,000)
  • 256%
  • (295,000 / $115,000)
17Wells Fargo Funding 27 96%3%
  • 155%
  • (417,000 / $268,000)
  • 132%
  • (127,000 / $96,000)
18United Guaranty Corporation 27 85%0%
  • 218%
  • (208,000 / $95,000)
0
19Genworth Mortgage Insurance Co 26 65%0%
  • 218%
  • (118,000 / $54,000)
0
20First International Bank & Tru 25 76%4%
  • 175%
  • (160,000 / $91,000)
  • 217%
  • (187,000 / $86,000)

Lake Park, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,033
  2. Loan Applications Denied: 455
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 2,109
  5. % of Loan Applications Originated 69

Lake Park, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio10
Credit history8
Credit application incomplete3
Unverifiable information2

Lake Park, 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 - $100,000750 6716
$100,000 - $300,0001,861 6914
$300,000 - $500,000393 7213
$500,000 - $1,000,00025 5236
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0002 050
> $2,000,0001 1000

Lake Park, 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 - $100,0002,071 6617
$100,000 - $300,000859 7510
$300,000 - $500,00071 787
$500,000 - $1,000,00025 7216
$1,000,000 - $1,500,0006 990
$1,500,000 - $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Lake Park, 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%10968 18
30 - 60%18171 12
60 - 100%28071 12
100 - 200%86573 12
200 - 300%79868 13
300 - 400%46366 16
> 400%33758 23

Lake Park, 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 Dwelling2,390 6716
Not Owner-Occupied As A Principal Dwelling613 789
Not Applicable8 5012

Home Owner Property Type Statistics in Lake Park, 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)2,793 6915
One To Four-Family142 752
Manufactured Housing98 5924
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