Top Loon Lake, MN Mortgage Lenders

RankLoon Lake Mortgage LenderLoon Lake Home Loans ProcessedLoon Lake Home Loans ApprovedLoon Lake Home Loans DeniedLoon Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLoon Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 442 64%14%
  • 210%
  • (168,000 Loan / $80,000 Income)
  • 260%
  • (164,000 Loan / $63,000 Income)
2Us Bank 240 80%10%
  • 258%
  • (181,000 / $70,000)
  • 264%
  • (214,000 / $81,000)
3Pine River State Bank 170 88%8%
  • 104%
  • (52,000 / $50,000)
  • 193%
  • (60,000 / $31,000)
4Jpmorgan Chase Bank 138 87%10%
  • 250%
  • (130,000 / $52,000)
  • 216%
  • (132,000 / $61,000)
5Countrywide Bank Fsb 128 64%17%
  • 211%
  • (108,000 / $51,000)
  • 324%
  • (256,000 / $79,000)
6Affinity Plus Federal Credit U 117 60%7%
  • 129%
  • (177,000 / $137,000)
  • 276%
  • (108,000 / $39,000)
7Citimortgage 105 83%10%
  • 193%
  • (341,000 / $176,000)
  • 308%
  • (151,000 / $49,000)
8Countrywide Home Loans 70 78%18%
  • 276%
  • (116,000 / $42,000)
  • 244%
  • (61,000 / $25,000)
9Us Bank North Dakota 59 40%42%
  • 147%
  • (100,000 / $68,000)
  • 226%
  • (104,000 / $46,000)
10Bank Of America 59 74%13%
  • 345%
  • (83,000 / $24,000)
  • 326%
  • (147,000 / $45,000)
11Beneficial Company Llc 42 7%80%
  • 160%
  • (66,000 / $41,000)
  • 322%
  • (158,000 / $49,000)
12Unity Bank 41 75%19%
  • 169%
  • (93,000 / $55,000)
  • 367%
  • (180,000 / $49,000)
13American National Bank Of Minn 40 75%17%
  • 129%
  • (135,000 / $104,000)
  • 247%
  • (84,000 / $34,000)
14Mortgage Guaranty Insurance Co 37 78%8%
  • 256%
  • (100,000 / $39,000)
  • 586%
  • (293,000 / $50,000)
15Wells Fargo Funding 35 97%2%
  • 372%
  • (179,000 / $48,000)
  • 100%
  • (104,000 / $103,000)
16United Guaranty Corporation 33 75%3%
  • 225%
  • (225,000 / $100,000)
  • 338%
  • (132,000 / $39,000)
17Riverwood Bank 32 84%3%
  • 277%
  • (344,000 / $124,000)
  • 233%
  • (261,000 / $112,000)
18Citibank 32 87%6%
  • 64%
  • (40,000 / $62,000)
  • 126%
  • (90,000 / $71,000)
19Us Bk Na Nd 30 66%26%
  • 186%
  • (95,000 / $51,000)
  • 176%
  • (88,000 / $50,000)
20Phh Mortgage Corporation 29 75%3%
  • 210%
  • (183,000 / $87,000)
  • 257%
  • (90,000 / $35,000)

Loon Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,963
  2. Loan Applications Denied: 527
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,958
  5. % of Loan Applications Originated 66

Loon Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio9
Unverifiable information2
Credit application incomplete2

Loon 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 - $100,000885 6617
$100,000 - $300,0001,684 6418
$300,000 - $500,000303 7212
$500,000 - $1,000,00070 6514
$1,000,000 - $1,500,00018 5533
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Loon 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 - $100,0002,187 6319
$100,000 - $300,000627 7311
$300,000 - $500,00081 7612
$500,000 - $1,000,00045 6617
$1,000,000 - $1,500,00015 806
$1,500,000 - $2,000,0005 800
> $2,000,0003 3366

Loan to Income Ratios Research for Mortgage in Loon 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%11373 15
30 - 60%17566 19
60 - 100%25273 15
100 - 200%76073 11
200 - 300%72364 16
300 - 400%52959 21
> 400%41153 27

Loon 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 Dwelling2,354 6219
Not Owner-Occupied As A Principal Dwelling590 7712
Not Applicable3 3333

Home Owner Property Type Statistics in Loon 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)2,683 6617
Manufactured Housing141 5929
One To Four-Family139 735
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