Top Lake Shore, MN Mortgage Lenders

RankLake Shore Mortgage LenderLake Shore Home Loans ProcessedLake Shore Home Loans ApprovedLake Shore Home Loans DeniedLake Shore Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Shore Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,708 66%15%
  • 194%
  • (146,000 Loan / $75,000 Income)
  • 186%
  • (121,000 Loan / $65,000 Income)
2Jpmorgan Chase Bank 444 86%12%
  • 259%
  • (83,000 / $32,000)
  • 200%
  • (164,000 / $82,000)
3Us Bank 435 77%11%
  • 248%
  • (107,000 / $43,000)
  • 264%
  • (214,000 / $81,000)
4Countrywide Bank Fsb 270 74%14%
  • 213%
  • (139,000 / $65,000)
  • 290%
  • (64,000 / $22,000)
5Citimortgage 259 84%8%
  • 235%
  • (94,000 / $40,000)
  • 211%
  • (199,000 / $94,000)
6Affinity Plus Federal Credit U 242 65%6%
  • 126%
  • (80,000 / $63,000)
  • 254%
  • (130,000 / $51,000)
7Bank Of America 196 75%12%
  • 256%
  • (149,000 / $58,000)
  • 291%
  • (143,000 / $49,000)
8State Bank & Trust 181 70%18%
  • 114%
  • (48,000 / $42,000)
  • 213%
  • (62,000 / $29,000)
9Pine River State Bank 173 89%8%
  • 102%
  • (87,000 / $85,000)
  • 193%
  • (60,000 / $31,000)
10Countrywide Home Loans 159 81%13%
  • 219%
  • (158,000 / $72,000)
  • 239%
  • (98,000 / $41,000)
11Alliance Bank 148 80%9%
  • 152%
  • (67,000 / $44,000)
  • 225%
  • (90,000 / $40,000)
12Us Bank North Dakota 133 35%48%
  • 136%
  • (30,000 / $22,000)
  • 164%
  • (130,000 / $79,000)
13Frandsen Bank & Trust 122 89%4%
  • 220%
  • (234,000 / $106,000)
  • 266%
  • (245,000 / $92,000)
14Mortgage Guaranty Insurance Co 116 77%6%
  • 261%
  • (165,000 / $63,000)
  • 448%
  • (377,000 / $84,000)
15Beneficial Company Llc 110 7%80%
  • 160%
  • (66,000 / $41,000)
  • 285%
  • (60,000 / $21,000)
16Citizens Bank Minnesota 107 90%4%
  • 153%
  • (100,000 / $65,000)
  • 178%
  • (125,000 / $70,000)
17Citibank 100 78%12%
  • 112%
  • (100,000 / $89,000)
  • 76%
  • (230,000 / $300,000)
18Wells Fargo Funding 97 97%1%
  • 181%
  • (360,000 / $198,000)
  • 100%
  • (104,000 / $103,000)
19Embrace Home Loans, 95 4%47%
  • 220%
  • (97,000 / $44,000)
  • 270%
  • (135,000 / $50,000)
20Genworth Mortgage Insurance Co 93 54%6%
  • 195%
  • (119,000 / $61,000)
  • 365%
  • (303,000 / $83,000)

Lake Shore, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,548
  2. Loan Applications Denied: 1,484
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 5,706
  5. % of Loan Applications Originated 66

Lake Shore, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history12
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Lake Shore, 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 - $100,0002,968 6419
$100,000 - $300,0004,959 6716
$300,000 - $500,000510 7013
$500,000 - $1,000,00089 6514
$1,000,000 - $1,500,00018 5533
$1,500,000 - $2,000,0002 1000
> $2,000,0002 5050

Lake Shore, 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 - $100,0006,752 6318
$100,000 - $300,0001,556 7411
$300,000 - $500,000132 789
$500,000 - $1,000,00082 6614
$1,000,000 - $1,500,00016 806
$1,500,000 - $2,000,0006 820
> $2,000,0004 2550

Loan to Income Ratios Research for Mortgage in Lake Shore, 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%35965 20
30 - 60%50763 20
60 - 100%74069 15
100 - 200%2,45671 12
200 - 300%2,29467 16
300 - 400%1,30462 20
> 400%88853 28

Lake Shore, 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 Dwelling7,409 6518
Not Owner-Occupied As A Principal Dwelling1,084 7611
Not Applicable18 5522

Home Owner Property Type Statistics in Lake Shore, 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)7,858 6617
One To Four-Family446 744
Manufactured Housing244 5729
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