Top Lauderdale, MN Mortgage Lenders

RankLauderdale Mortgage LenderLauderdale Home Loans ProcessedLauderdale Home Loans ApprovedLauderdale Home Loans DeniedLauderdale Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLauderdale Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 331 67%14%
  • 214%
  • (191,000 Loan / $89,000 Income)
  • 183%
  • (200,000 Loan / $109,000 Income)
2Affinity Plus Federal Credit U 128 70%1%
  • 125%
  • (68,000 / $54,000)
  • 375%
  • (214,000 / $57,000)
3Us Bank 92 83%8%
  • 205%
  • (349,000 / $170,000)
  • 339%
  • (95,000 / $28,000)
4Jpmorgan Chase Bank 87 79%19%
  • 193%
  • (56,000 / $29,000)
  • 202%
  • (760,000 / $376,000)
5Tcf National Bank 73 21%35%
  • 211%
  • (76,000 / $36,000)
  • 342%
  • (171,000 / $50,000)
6Citimortgage 65 81%4%
  • 191%
  • (180,000 / $94,000)
  • 485%
  • (170,000 / $35,000)
7Bank Of America 48 75%10%
  • 229%
  • (301,000 / $131,000)
  • 225%
  • (405,000 / $180,000)
8Us Bk Na Nd 45 55%26%
  • 133%
  • (20,000 / $15,000)
  • 205%
  • (107,000 / $52,000)
9Countrywide Bank Fsb 35 77%11%
  • 351%
  • (102,000 / $29,000)
  • 405%
  • (231,000 / $57,000)
10Citibank 33 69%18%
  • 148%
  • (187,000 / $126,000)
  • 180%
  • (152,000 / $84,000)
11Phh Home Loans 30 90%3%
  • 230%
  • (288,000 / $125,000)
  • 318%
  • (277,000 / $87,000)
12The Business Bank 29 89%6%
  • 242%
  • (97,000 / $40,000)
  • 240%
  • (84,000 / $35,000)
13Wells Fargo Funding 25 100%0%
  • 195%
  • (335,000 / $171,000)
0
14F & M Community Bank 25 64%0%
  • 98%
  • (137,000 / $139,000)
0
15Us Bank North Dakota 21 42%33%
  • 111%
  • (50,000 / $45,000)
  • 230%
  • (92,000 / $40,000)
16Bremer Bank Na (Twin Cities) 21 80%9%
  • 93%
  • (258,000 / $275,000)
  • 437%
  • (70,000 / $16,000)
17Radian Guaranty 17 70%0%
  • 183%
  • (285,000 / $155,000)
0
18Mortgage Guaranty Insurance Co 17 64%0%
  • 237%
  • (295,000 / $124,000)
0
19Hiway Federal Credit Union 17 88%5%
  • 117%
  • (174,000 / $148,000)
  • 5%
  • (5,000 / $84,000)
20Provident Funding Associates 16 68%12%
  • 270%
  • (200,000 / $74,000)
  • 252%
  • (308,000 / $122,000)

Lauderdale, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,750
  2. Loan Applications Denied: 236
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 1,200
  5. % of Loan Applications Originated 68

Lauderdale, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio10
Credit history6
Credit application incomplete5
Unverifiable information3

Lauderdale, 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 - $100,000431 6316
$100,000 - $300,0001,126 7012
$300,000 - $500,000173 6612
$500,000 - $1,000,00017 3535
$1,000,000 - $1,500,0003 3366

Lauderdale, 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 - $100,0001,116 6614
$100,000 - $300,000596 7111
$300,000 - $500,00032 6515
$500,000 - $1,000,0004 750
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Lauderdale, 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%7162 15
30 - 60%9569 14
60 - 100%18170 9
100 - 200%51670 12
200 - 300%46873 8
300 - 400%27861 18
> 400%14153 27

Lauderdale, 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 Dwelling1,659 6813
Not Owner-Occupied As A Principal Dwelling88 7013

Home Owner Property Type Statistics in Lauderdale, 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)1,673 6813
One To Four-Family76 725
Manufactured Housing1 0100
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