Top Leech Lake, MN Mortgage Lenders

RankLeech Lake Mortgage LenderLeech Lake Home Loans ProcessedLeech Lake Home Loans ApprovedLeech Lake Home Loans DeniedLeech Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLeech Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 309 63%16%
  • 171%
  • (185,000 Loan / $108,000 Income)
  • 125%
  • (99,000 Loan / $79,000 Income)
2Us Bank 123 82%8%
  • 197%
  • (152,000 / $77,000)
  • 217%
  • (139,000 / $64,000)
3Affinity Plus Federal Credit U 115 60%10%
  • 96%
  • (28,000 / $29,000)
  • 197%
  • (67,000 / $34,000)
4Bank Forward 77 85%5%
  • 160%
  • (80,000 / $50,000)
  • 211%
  • (250,000 / $118,000)
5Jpmorgan Chase Bank 54 81%18%
  • 282%
  • (127,000 / $45,000)
  • 187%
  • (60,000 / $32,000)
6Countrywide Bank Fsb 38 65%21%
  • 174%
  • (400,000 / $229,000)
  • 238%
  • (417,000 / $175,000)
7Bank Of America 30 56%36%
  • 200%
  • (52,000 / $26,000)
  • 87%
  • (182,000 / $208,000)
8Citimortgage 28 78%7%
  • 183%
  • (259,000 / $141,000)
  • 327%
  • (285,000 / $87,000)
9Countrywide Home Loans 23 100%0%
  • 302%
  • (290,000 / $96,000)
0
10Quicken Loans 16 68%31%
  • 220%
  • (192,000 / $87,000)
  • 355%
  • (153,000 / $43,000)
11Genworth Mortgage Insurance Co 14 71%7%
  • 212%
  • (315,000 / $148,000)
  • 141%
  • (381,000 / $270,000)
12Us Bk Na Nd 13 69%23%
  • 125%
  • (65,000 / $52,000)
  • 297%
  • (116,000 / $39,000)
13United Guaranty Corporation 13 84%7%
  • 241%
  • (261,000 / $108,000)
  • 141%
  • (381,000 / $270,000)
14Merchants Bank 13 92%0%
  • 150%
  • (164,000 / $109,000)
0
15Mortgage Guaranty Insurance Co 12 66%0%
  • 180%
  • (275,000 / $152,000)
0
16Cmg Mortgage Insurance Co. 12 91%0%
  • 240%
  • (120,000 / $50,000)
0
17Citibank 12 33%8% 0
  • 43%
  • (25,000 / $57,000)
18Beneficial Company Llc 12 8%91%
  • 184%
  • (83,000 / $45,000)
  • 286%
  • (103,000 / $36,000)
19Gmac Mortgage Llc 10 0%70% 0
  • 135%
  • (80,000 / $59,000)
20Us Bank North Dakota 9 55%44%
  • 114%
  • (87,000 / $76,000)
  • 331%
  • (136,000 / $41,000)

Leech Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,406
  2. Loan Applications Denied: 226
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 938
  5. % of Loan Applications Originated 66

Leech Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio10
Credit history10
Unverifiable information3
Credit application incomplete2

Leech Lake, 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 - $100,000441 5921
$100,000 - $300,000732 6814
$300,000 - $500,000203 7310
$500,000 - $1,000,00025 7216
$1,000,000 - $1,500,0002 500
$1,500,000 - $2,000,0003 033

Leech Lake, 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 - $100,000856 6118
$100,000 - $300,000451 7211
$300,000 - $500,00062 818
$500,000 - $1,000,00029 7813
$1,000,000 - $1,500,0005 6020
$1,500,000 - $2,000,0002 500
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Leech Lake, 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%7762 18
30 - 60%10269 17
60 - 100%18366 21
100 - 200%40871 13
200 - 300%33364 15
300 - 400%18264 13
> 400%12154 21

Leech Lake, 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 Dwelling881 6218
Not Owner-Occupied As A Principal Dwelling499 7312
Not Applicable2 050

Home Owner Property Type Statistics in Leech Lake, 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)1,251 6715
Manufactured Housing90 4237
One To Four-Family65 783
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