Top Martin Lake, MN Mortgage Lenders

RankMartin Lake Mortgage LenderMartin Lake Home Loans ProcessedMartin Lake Home Loans ApprovedMartin Lake Home Loans DeniedMartin Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMartin Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 92 78%13%
  • 210%
  • (231,000 Loan / $110,000 Income)
  • 263%
  • (211,000 Loan / $80,000 Income)
2Us Bk Na Nd 30 40%43%
  • 108%
  • (61,000 / $56,000)
  • 226%
  • (245,000 / $108,000)
3Jpmorgan Chase Bank 28 82%17%
  • 211%
  • (417,000 / $197,000)
  • 173%
  • (200,000 / $115,000)
4Us Bank 23 65%34%
  • 220%
  • (253,000 / $115,000)
  • 352%
  • (176,000 / $50,000)
5Affinity Plus Federal Credit U 13 69%0%
  • 183%
  • (167,000 / $91,000)
0
6Citibank 12 66%25%
  • 232%
  • (156,000 / $67,000)
  • 444%
  • (222,000 / $50,000)
7Tcf National Bank 11 18%54%
  • 386%
  • (116,000 / $30,000)
  • 385%
  • (297,000 / $77,000)
8Associated Bank Na 11 72%9%
  • 199%
  • (343,000 / $172,000)
  • 244%
  • (122,000 / $50,000)
9Citimortgage 9 100%0% 0 0
10State Bank & Trust 8 100%0%
  • 283%
  • (278,000 / $98,000)
0
11Lake Area Bank 8 87%0%
  • 222%
  • (60,000 / $27,000)
0
12Phh Home Loans 7 71%14%
  • 313%
  • (135,000 / $43,000)
  • 340%
  • (136,000 / $40,000)
13Hiway Federal Credit Union 7 85%14%
  • 148%
  • (89,000 / $60,000)
  • 138%
  • (201,000 / $145,000)
14St. Paul Postal Employees Cu 6 100%0%
  • 254%
  • (232,000 / $91,000)
0
15Flagstar Bank 6 100%0%
  • 282%
  • (133,000 / $47,000)
0
16First State Bank Of Wyoming 6 33%33%
  • 10%
  • (6,000 / $57,000)
  • 335%
  • (235,000 / $70,000)
17F & M Community Bank 6 33%16%
  • 85%
  • (65,000 / $76,000)
  • 229%
  • (170,000 / $74,000)
18Towne Mortgage Company 5 80%20%
  • 285%
  • (260,000 / $91,000)
  • 251%
  • (103,000 / $41,000)
19Summit Mortgage Corporation 5 100%0%
  • 223%
  • (232,000 / $104,000)
0
20Quicken Loans 5 60%40%
  • 392%
  • (255,000 / $65,000)
  • 447%
  • (394,000 / $88,000)

Martin Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 422
  2. Loan Applications Denied: 78
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 295
  5. % of Loan Applications Originated 69

Martin Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Credit history17
Debt-to-income ratio16
Credit application incomplete8
Unverifiable information1

Martin 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 - $100,00082 6417
$100,000 - $300,000315 7018
$300,000 - $500,00025 6824

Martin 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 - $100,000311 6619
$100,000 - $300,000111 7516

Loan to Income Ratios Research for Mortgage in Martin 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%1283 8
30 - 60%1080 10
60 - 100%2664 11
100 - 200%12672 16
200 - 300%11874 16
300 - 400%8068 20
> 400%5050 34

Martin 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 Dwelling405 7018
Not Owner-Occupied As A Principal Dwelling16 6818
Not Applicable1 0100

Home Owner Property Type Statistics in Martin 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)408 6919
One To Four-Family9 1000
Manufactured Housing5 800
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