Top Lake Valley, MN Mortgage Lenders

RankLake Valley Mortgage LenderLake Valley Home Loans ProcessedLake Valley Home Loans ApprovedLake Valley Home Loans DeniedLake Valley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLake Valley Mortgage Median LTR for Denied Loans
1Bank Of The West 60 73%21%
  • 110%
  • (21,000 Loan / $19,000 Income)
  • 179%
  • (185,000 Loan / $103,000 Income)
2Wells Fargo Bank 55 45%36%
  • 122%
  • (102,000 / $83,000)
  • 120%
  • (18,000 / $15,000)
3First Hawaiian Bank 37 97%2%
  • 60%
  • (12,000 / $20,000)
  • 76%
  • (30,000 / $39,000)
4Citifinancial Services Inc 22 13%63%
  • 109%
  • (34,000 / $31,000)
  • 125%
  • (40,000 / $32,000)
5Countrywide Bank Fsb 15 60%6%
  • 206%
  • (89,000 / $43,000)
  • 243%
  • (100,000 / $41,000)
6Mortgage Guaranty Insurance Co 14 71%7%
  • 136%
  • (52,000 / $38,000)
  • 159%
  • (86,000 / $54,000)
7Citimortgage 14 78%14%
  • 231%
  • (88,000 / $38,000)
  • 443%
  • (133,000 / $30,000)
8Quicken Loans 10 60%40%
  • 268%
  • (263,000 / $98,000)
  • 261%
  • (256,000 / $98,000)
9Riverwood Bank 9 66%11%
  • 133%
  • (40,000 / $30,000)
  • 925%
  • (250,000 / $27,000)
10Us Bank North Dakota 8 25%62%
  • 184%
  • (59,000 / $32,000)
  • 351%
  • (116,000 / $33,000)
11Us Bank 8 62%37%
  • 237%
  • (88,000 / $37,000)
  • 326%
  • (150,000 / $46,000)
12Star Bank 8 100%0%
  • 166%
  • (120,000 / $72,000)
0
13Genworth Mortgage Insurance Co 7 100%0%
  • 199%
  • (211,000 / $106,000)
0
14Republic Mortgage Insurance Co 6 66%0%
  • 194%
  • (70,000 / $36,000)
0
15Hfc Company Llc 6 33%66%
  • 162%
  • (47,000 / $29,000)
  • 57%
  • (38,000 / $66,000)
16Countrywide Home Loans 6 83%16%
  • 300%
  • (90,000 / $30,000)
  • 228%
  • (89,000 / $39,000)
17Beneficial Company Llc 6 0%66% 0
  • 109%
  • (35,000 / $32,000)
18Affinity Plus Federal Credit U 6 66%0%
  • 116%
  • (99,000 / $85,000)
0
19Plains Commerce Bank 5 100%0%
  • 151%
  • (171,000 / $113,000)
0
20National City Bank 5 80%0%
  • 250%
  • (100,000 / $40,000)
0

Lake Valley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 445
  2. Loan Applications Denied: 107
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 266
  5. % of Loan Applications Originated 59

Lake Valley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral17
Credit history11
Debt-to-income ratio10
Insufficient cash (downpayment, closing costs)1
Credit application incomplete1

Lake Valley, 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 - $100,000296 6125
$100,000 - $300,000146 5521
$300,000 - $500,0003 3333

Lake Valley, 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 - $100,000382 5925
$100,000 - $300,00056 6517
$300,000 - $500,0004 2525
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Lake Valley, 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%3868 26
30 - 60%4263 23
60 - 100%6655 31
100 - 200%18364 17
200 - 300%6662 19
300 - 400%3240 37
> 400%1822 50

Lake Valley, 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 Dwelling408 5824
Not Owner-Occupied As A Principal Dwelling33 6918

Home Owner Property Type Statistics in Lake Valley, 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)410 5925
One To Four-Family30 763
Manufactured Housing5 2060
More Lake Valley, MN Mortgage Research: