Top Lakeland Shores, MN Mortgage Lenders

RankLakeland Shores Mortgage LenderLakeland Shores Home Loans ProcessedLakeland Shores Home Loans ApprovedLakeland Shores Home Loans DeniedLakeland Shores Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLakeland Shores Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 292 60%11%
  • 215%
  • (86,000 Loan / $40,000 Income)
  • 290%
  • (186,000 Loan / $64,000 Income)
2Us Bank 114 77%11%
  • 270%
  • (135,000 / $50,000)
  • 296%
  • (187,000 / $63,000)
3Jpmorgan Chase Bank 71 73%25%
  • 214%
  • (144,000 / $67,000)
  • 258%
  • (88,000 / $34,000)
4Us Bk Na Nd 69 34%50%
  • 134%
  • (118,000 / $88,000)
  • 184%
  • (212,000 / $115,000)
5Citimortgage 54 83%0%
  • 247%
  • (235,000 / $95,000)
0
6Bank Of America 52 69%15%
  • 213%
  • (192,000 / $90,000)
  • 213%
  • (207,000 / $97,000)
7Countrywide Bank Fsb 43 72%13%
  • 239%
  • (700,000 / $292,000)
  • 339%
  • (312,000 / $92,000)
8Associated Bank 43 81%6%
  • 160%
  • (283,000 / $176,000)
  • 181%
  • (214,000 / $118,000)
9First State Bank And Trust 41 58%24%
  • 220%
  • (139,000 / $63,000)
  • 233%
  • (173,000 / $74,000)
10Countrywide Home Loans 35 77%14%
  • 338%
  • (474,000 / $140,000)
  • 260%
  • (190,000 / $73,000)
11Wells Fargo Funding 34 97%0%
  • 200%
  • (240,000 / $120,000)
0
12Tcf National Bank 30 30%46%
  • 319%
  • (246,000 / $77,000)
  • 335%
  • (265,000 / $79,000)
13Affinity Plus Federal Credit U 29 65%10%
  • 151%
  • (272,000 / $179,000)
  • 206%
  • (68,000 / $33,000)
14The Business Bank 27 88%7%
  • 217%
  • (417,000 / $192,000)
  • 243%
  • (243,000 / $100,000)
15Us Bank North Dakota 26 38%50%
  • 233%
  • (161,000 / $69,000)
  • 139%
  • (32,000 / $23,000)
16Mortgage Guaranty Insurance Co 25 48%16%
  • 292%
  • (164,000 / $56,000)
  • 275%
  • (264,000 / $96,000)
17Lake Elmo Bank 25 80%8%
  • 210%
  • (99,000 / $47,000)
  • 377%
  • (279,000 / $74,000)
18Phh Home Loans 24 75%4%
  • 262%
  • (173,000 / $66,000)
  • 544%
  • (207,000 / $38,000)
19Associated Bank Na 24 58%25%
  • 181%
  • (80,000 / $44,000)
  • 319%
  • (297,000 / $93,000)
20Citibank 23 78%8%
  • 135%
  • (149,000 / $110,000)
  • 153%
  • (117,000 / $76,000)

Lakeland Shores, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,845
  2. Loan Applications Denied: 322
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,174
  5. % of Loan Applications Originated 63

Lakeland Shores, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio11
Credit history9
Credit application incomplete6
Unverifiable information2

Lakeland Shores, 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 - $100,000346 6219
$100,000 - $300,0001,309 6316
$300,000 - $500,000156 6017
$500,000 - $1,000,00028 3539
$1,000,000 - $1,500,0005 6020
$1,500,000 - $2,000,0001 1000

Lakeland Shores, 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 - $100,0001,328 6118
$100,000 - $300,000445 7013
$300,000 - $500,00043 5020
$500,000 - $1,000,00020 5530
$1,000,000 - $1,500,0006 6616
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Lakeland Shores, 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%7166 21
30 - 60%7059 17
60 - 100%13162 23
100 - 200%46667 13
200 - 300%51665 14
300 - 400%34560 16
> 400%24652 26

Lakeland Shores, 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 Dwelling1,720 6316
Not Owner-Occupied As A Principal Dwelling117 6424
Not Applicable1 1000

Home Owner Property Type Statistics in Lakeland Shores, 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)1,756 6317
One To Four-Family85 709
Manufactured Housing4 5025
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