Top Lake Sarah, MN Mortgage Lenders

RankLake Sarah Mortgage LenderLake Sarah Home Loans ProcessedLake Sarah Home Loans ApprovedLake Sarah Home Loans DeniedLake Sarah Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Sarah Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 57 68%10%
  • 184%
  • (120,000 Loan / $65,000 Income)
  • 281%
  • (200,000 Loan / $71,000 Income)
2Agstar Financial Services 35 51%5%
  • 129%
  • (140,000 / $108,000)
  • 242%
  • (170,000 / $70,000)
3Us Bank 15 60%20%
  • 200%
  • (100,000 / $50,000)
  • 164%
  • (250,000 / $152,000)
4Jpmorgan Chase Bank 12 83%16%
  • 308%
  • (77,000 / $25,000)
  • 172%
  • (81,000 / $47,000)
5Phh Mortgage Corporation 11 45%0%
  • 230%
  • (129,000 / $56,000)
0
6Minnwest Mortgage Corporation 11 36%27%
  • 188%
  • (130,000 / $69,000)
  • 276%
  • (199,000 / $72,000)
7Citimortgage 11 81%9%
  • 266%
  • (144,000 / $54,000)
  • 282%
  • (65,000 / $23,000)
8Home Federal Bank 9 44%44%
  • 47%
  • (58,000 / $123,000)
  • 269%
  • (267,000 / $99,000)
9Genworth Mortgage Insurance Co 9 55%0%
  • 172%
  • (207,000 / $120,000)
0
10Bank Of America 8 75%25%
  • 272%
  • (90,000 / $33,000)
  • 263%
  • (95,000 / $36,000)
11Mortgage Guaranty Insurance Co 7 85%0%
  • 197%
  • (162,000 / $82,000)
0
12Us Bk Na Nd 6 83%0%
  • 127%
  • (74,000 / $58,000)
0
13Merchants Bank 6 100%0%
  • 122%
  • (87,000 / $71,000)
0
14Countrywide Bank Fsb 6 33%33% 0
  • 233%
  • (126,000 / $54,000)
15Guaranteed Rate Inc 5 60%0%
  • 174%
  • (237,000 / $136,000)
0
16Beneficial Company Llc 5 0%100% 0
  • 240%
  • (120,000 / $50,000)
17United Prairie Bank 4 25%0%
  • 212%
  • (212,000 / $100,000)
0
18United Guaranty Corporation 4 50%0%
  • 201%
  • (417,000 / $207,000)
0
19First National Bank 4 100%0%
  • 312%
  • (272,000 / $87,000)
0
20Countrywide Home Loans 4 75%25%
  • 95%
  • (95,000 / $99,000)
  • 282%
  • (65,000 / $23,000)

Lake Sarah, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 337
  2. Loan Applications Denied: 57
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 206
  5. % of Loan Applications Originated 61

Lake Sarah, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Debt-to-income ratio5
Credit history4
Credit application incomplete3
Unverifiable information2

Lake Sarah, 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 - $100,000101 6019
$100,000 - $300,000208 6016
$300,000 - $500,00027 6211
$500,000 - $1,000,0001 1000

Lake Sarah, 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 - $100,000235 5619
$100,000 - $300,00086 6613
$300,000 - $500,0008 750
$500,000 - $1,000,0007 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Lake Sarah, 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%1275 16
30 - 60%1968 15
60 - 100%3865 15
100 - 200%10265 13
200 - 300%8451 22
300 - 400%4962 14
> 400%3348 18

Lake Sarah, 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 Dwelling276 6016
Not Owner-Occupied As A Principal Dwelling58 6518

Home Owner Property Type Statistics in Lake Sarah, 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)306 6017
One To Four-Family23 730
Manufactured Housing8 3725
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