Top Lakewood, MN Mortgage Lenders

RankLakewood Mortgage LenderLakewood Home Loans ProcessedLakewood Home Loans ApprovedLakewood Home Loans DeniedLakewood Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLakewood Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,186 69%13%
  • 196%
  • (108,000 Loan / $55,000 Income)
  • 172%
  • (138,000 Loan / $80,000 Income)
2North Shore Bank Of Commerce 610 83%7%
  • 205%
  • (80,000 / $39,000)
  • 248%
  • (122,000 / $49,000)
3Us Bank 367 85%7%
  • 221%
  • (113,000 / $51,000)
  • 275%
  • (135,000 / $49,000)
4Jpmorgan Chase Bank 172 86%12%
  • 175%
  • (210,000 / $120,000)
  • 241%
  • (128,000 / $53,000)
5Countrywide Bank Fsb 160 81%7%
  • 276%
  • (130,000 / $47,000)
  • 343%
  • (134,000 / $39,000)
6Bank Of America 154 86%5%
  • 206%
  • (130,000 / $63,000)
  • 201%
  • (131,000 / $65,000)
7Affinity Plus Federal Credit U 153 74%3%
  • 144%
  • (120,000 / $83,000)
  • 145%
  • (137,000 / $94,000)
8Mortgage Guaranty Insurance Co 139 81%7%
  • 262%
  • (147,000 / $56,000)
  • 298%
  • (263,000 / $88,000)
9Phh Mortgage Corporation 119 85%1%
  • 225%
  • (280,000 / $124,000)
  • 278%
  • (284,000 / $102,000)
10Citimortgage 100 79%10%
  • 188%
  • (340,000 / $180,000)
  • 321%
  • (135,000 / $42,000)
11Us Bank North Dakota 99 42%43%
  • 112%
  • (70,000 / $62,000)
  • 134%
  • (116,000 / $86,000)
12Duluth Teachers Credit Union 98 91%3%
  • 42%
  • (114,000 / $268,000)
  • 121%
  • (151,000 / $124,000)
13Us Bk Na Nd 88 45%42%
  • 102%
  • (51,000 / $50,000)
  • 237%
  • (95,000 / $40,000)
14United Guaranty Corporation 72 86%6%
  • 243%
  • (246,000 / $101,000)
  • 327%
  • (95,000 / $29,000)
15Countrywide Home Loans 67 95%1%
  • 162%
  • (130,000 / $80,000)
  • 20%
  • (60,000 / $288,000)
16Genworth Mortgage Insurance Co 61 72%3%
  • 277%
  • (230,000 / $83,000)
  • 234%
  • (195,000 / $83,000)
17National Bank Of Commerce 56 83%5%
  • 169%
  • (132,000 / $78,000)
  • 462%
  • (370,000 / $80,000)
18Members Cooperative Credit Uni 55 63%20%
  • 133%
  • (60,000 / $45,000)
  • 285%
  • (100,000 / $35,000)
19M&I Marshall & Ilsley Bank 51 66%11%
  • 239%
  • (247,000 / $103,000)
  • 221%
  • (155,000 / $70,000)
20Quicken Loans 50 74%22%
  • 238%
  • (160,000 / $67,000)
  • 285%
  • (180,000 / $63,000)

Lakewood, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,395
  2. Loan Applications Denied: 694
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 3,933
  5. % of Loan Applications Originated 72

Lakewood, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral8
Debt-to-income ratio7
Credit history7
Credit application incomplete2
Unverifiable information1

Lakewood, 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 - $100,0001,331 7015
$100,000 - $300,0003,729 7211
$300,000 - $500,000305 7115
$500,000 - $1,000,00030 766

Lakewood, 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 - $100,0004,135 7113
$100,000 - $300,0001,156 7410
$300,000 - $500,00061 871
$500,000 - $1,000,00039 7115
$1,000,000 - $1,500,0002 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Lakewood, 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%20472 16
30 - 60%25871 15
60 - 100%43573 11
100 - 200%1,62076 10
200 - 300%1,50672 10
300 - 400%85871 14
> 400%51462 21

Lakewood, 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 Dwelling5,104 7212
Not Owner-Occupied As A Principal Dwelling265 7314
Not Applicable7 1000

Home Owner Property Type Statistics in Lakewood, 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)4,944 7213
One To Four-Family395 805
Manufactured Housing56 6219
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