Top Minnesota Lake, MN Mortgage Lenders

RankMinnesota Lake Mortgage LenderMinnesota Lake Home Loans ProcessedMinnesota Lake Home Loans ApprovedMinnesota Lake Home Loans DeniedMinnesota Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMinnesota Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,329 63%15%
  • 197%
  • (136,000 Loan / $69,000 Income)
  • 182%
  • (177,000 Loan / $97,000 Income)
2Citimortgage 270 77%10%
  • 273%
  • (123,000 / $45,000)
  • 253%
  • (162,000 / $64,000)
3Jpmorgan Chase Bank 245 83%13%
  • 267%
  • (179,000 / $67,000)
  • 277%
  • (100,000 / $36,000)
4Countrywide Bank Fsb 238 72%18%
  • 215%
  • (136,000 / $63,000)
  • 265%
  • (218,000 / $82,000)
5State Bank & Trust 186 76%13%
  • 103%
  • (169,000 / $164,000)
  • 210%
  • (166,000 / $79,000)
6Bank Of The West 184 80%12%
  • 112%
  • (27,000 / $24,000)
  • 79%
  • (73,000 / $92,000)
7Us Bank 181 65%19%
  • 226%
  • (143,000 / $63,000)
  • 278%
  • (153,000 / $55,000)
8Associated Bank 164 69%14%
  • 153%
  • (69,000 / $45,000)
  • 98%
  • (58,000 / $59,000)
9Agstar Financial Services 164 59%7%
  • 200%
  • (110,000 / $55,000)
  • 259%
  • (70,000 / $27,000)
10Affinity Plus Federal Credit U 143 61%4%
  • 100%
  • (40,000 / $40,000)
  • 258%
  • (194,000 / $75,000)
11Mortgage Guaranty Insurance Co 137 68%9%
  • 228%
  • (57,000 / $25,000)
  • 240%
  • (144,000 / $60,000)
12Beneficial Company Llc 136 9%78%
  • 214%
  • (161,000 / $75,000)
  • 219%
  • (182,000 / $83,000)
13Countrywide Home Loans 132 75%17%
  • 217%
  • (126,000 / $58,000)
  • 156%
  • (50,000 / $32,000)
14Genworth Mortgage Insurance Co 128 57%0%
  • 225%
  • (271,000 / $120,000)
  • 267%
  • (230,000 / $86,000)
15Bremer Bank Na (Fargo) 117 70%6%
  • 121%
  • (90,000 / $74,000)
  • 257%
  • (49,000 / $19,000)
16Citifinancial Services Inc 114 31%44%
  • 165%
  • (109,000 / $66,000)
  • 116%
  • (29,000 / $25,000)
17Bank Of America 106 62%21%
  • 189%
  • (180,000 / $95,000)
  • 217%
  • (198,000 / $91,000)
18Wells Fargo Fin'l Minnesota 100 18%48%
  • 271%
  • (122,000 / $45,000)
  • 212%
  • (168,000 / $79,000)
19Embrace Home Loans, 93 6%51%
  • 209%
  • (65,000 / $31,000)
  • 245%
  • (86,000 / $35,000)
20Wells Fargo Funding 91 98%1%
  • 151%
  • (290,000 / $192,000)
  • 215%
  • (140,000 / $65,000)

Minnesota Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,789
  2. Loan Applications Denied: 1,479
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 4,906
  5. % of Loan Applications Originated 62

Minnesota Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Minnesota 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 - $100,0003,470 6121
$100,000 - $300,0003,917 6217
$300,000 - $500,000375 6911
$500,000 - $1,000,00020 5525
$1,000,000 - $1,500,0007 4242

Minnesota 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 - $100,0006,378 6120
$100,000 - $300,0001,231 6912
$300,000 - $500,00092 749
$500,000 - $1,000,00078 6815
$1,000,000 - $1,500,0002 5050
$1,500,000 - $2,000,0004 1000
> $2,000,0004 750

Loan to Income Ratios Research for Mortgage in Minnesota 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%45664 20
30 - 60%60663 19
60 - 100%78067 17
100 - 200%2,24964 16
200 - 300%1,91962 18
300 - 400%1,06361 20
> 400%71648 29

Minnesota 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 Dwelling6,855 6119
Not Owner-Occupied As A Principal Dwelling890 7512
Not Applicable7 1457

Home Owner Property Type Statistics in Minnesota 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)7,043 6219
One To Four-Family485 714
Manufactured Housing261 4936
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