Top Lakeport, MN Mortgage Lenders

RankLakeport Mortgage LenderLakeport Home Loans ProcessedLakeport Home Loans ApprovedLakeport Home Loans DeniedLakeport Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLakeport Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 143 66%5%
  • 141%
  • (109,000 Loan / $77,000 Income)
  • 222%
  • (60,000 Loan / $27,000 Income)
2Wells Fargo Bank 98 72%13%
  • 165%
  • (365,000 / $220,000)
  • 184%
  • (35,000 / $19,000)
3Us Bank 51 80%13%
  • 247%
  • (99,000 / $40,000)
  • 343%
  • (398,000 / $116,000)
4Bank Forward 39 82%0%
  • 214%
  • (150,000 / $70,000)
0
5Northwoods Bank Of Minnesota 26 96%3%
  • 187%
  • (105,000 / $56,000)
  • 476%
  • (100,000 / $21,000)
6Citimortgage 20 55%15%
  • 131%
  • (193,000 / $147,000)
  • 486%
  • (219,000 / $45,000)
7Jpmorgan Chase Bank 16 62%37%
  • 297%
  • (416,000 / $140,000)
  • 175%
  • (205,000 / $117,000)
8Merchants Bank 11 100%0%
  • 188%
  • (51,000 / $27,000)
0
9Countrywide Bank Fsb 11 63%0%
  • 157%
  • (240,000 / $152,000)
0
10Cmg Mortgage Insurance Co. 11 45%0%
  • 263%
  • (250,000 / $95,000)
0
11Bank Of America 10 60%30%
  • 149%
  • (164,000 / $110,000)
  • 178%
  • (107,000 / $60,000)
12Countrywide Home Loans 6 83%16%
  • 227%
  • (66,000 / $29,000)
  • 262%
  • (142,000 / $54,000)
13Associated Bank Na 6 100%0%
  • 194%
  • (140,000 / $72,000)
0
14Us Bk Na Nd 5 40%60%
  • 338%
  • (176,000 / $52,000)
  • 112%
  • (225,000 / $200,000)
15United Guaranty Corporation 5 80%0%
  • 224%
  • (128,000 / $57,000)
0
16Bremer Bank Na (St Cloud) 5 60%0%
  • 188%
  • (209,000 / $111,000)
0
17Alerus Financial 5 100%0%
  • 174%
  • (316,000 / $181,000)
0
18Us Bank North Dakota 4 0%100% 0
  • 209%
  • (205,000 / $98,000)
19Taylor, Bean & Whitaker 4 100%0%
  • 247%
  • (141,000 / $57,000)
0
20Plaza Home Mortgage, 4 100%0%
  • 182%
  • (188,000 / $103,000)
0

Lakeport, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 679
  2. Loan Applications Denied: 92
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 464
  5. % of Loan Applications Originated 68

Lakeport, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Debt-to-income ratio10
Credit history9
Unverifiable information3
Credit application incomplete3

Lakeport, 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 - $100,000187 6812
$100,000 - $300,000430 6812
$300,000 - $500,00058 6222
$500,000 - $1,000,0004 5025

Lakeport, 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 - $100,000455 6314
$100,000 - $300,000205 7512
$300,000 - $500,00013 927
$500,000 - $1,000,0006 6616

Loan to Income Ratios Research for Mortgage in Lakeport, 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%1782 0
30 - 60%4067 10
60 - 100%7375 12
100 - 200%23972 11
200 - 300%17368 12
300 - 400%7462 16
> 400%6347 26

Lakeport, 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 Dwelling482 6415
Not Owner-Occupied As A Principal Dwelling188 778
Not Applicable2 1000

Home Owner Property Type Statistics in Lakeport, 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)628 6714
One To Four-Family29 623
Manufactured Housing22 864
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