Top Owendale, MI Mortgage Lenders

RankOwendale Mortgage LenderOwendale Home Loans ProcessedOwendale Home Loans ApprovedOwendale Home Loans DeniedOwendale Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOwendale Mortgage Median LTR for Denied Loans
1Isabella Bank 425 78%11%
  • 137%
  • (62,000 Loan / $45,000 Income)
  • 137%
  • (111,000 Loan / $81,000 Income)
2Wells Fargo Bank 149 54%17%
  • 162%
  • (417,000 / $257,000)
  • 166%
  • (40,000 / $24,000)
3Jpmorgan Chase Bank 149 76%21%
  • 171%
  • (175,000 / $102,000)
  • 184%
  • (146,000 / $79,000)
4Chemical Bank 108 72%16%
  • 106%
  • (69,000 / $65,000)
  • 124%
  • (66,000 / $53,000)
5The Huntington National Bank 100 65%27%
  • 128%
  • (127,000 / $99,000)
  • 125%
  • (94,000 / $75,000)
6Mortgage Guaranty Insurance Co 100 65%11%
  • 190%
  • (61,000 / $32,000)
  • 197%
  • (194,000 / $98,000)
7Fifth Third Mortgage, Mi Llc 96 55%20%
  • 171%
  • (60,000 / $35,000)
  • 200%
  • (126,000 / $63,000)
8Independent Bank 94 54%29%
  • 105%
  • (62,000 / $59,000)
  • 36%
  • (20,000 / $55,000)
9Quicken Loans 87 57%32%
  • 207%
  • (170,000 / $82,000)
  • 205%
  • (318,000 / $155,000)
10Monarch Community Bank 86 88%6%
  • 139%
  • (185,000 / $133,000)
  • 136%
  • (45,000 / $33,000)
11Independent Mortgage Co 86 79%6%
  • 196%
  • (53,000 / $27,000)
  • 250%
  • (100,000 / $40,000)
12Hfc Company Llc 84 9%72%
  • 218%
  • (118,000 / $54,000)
  • 177%
  • (165,000 / $93,000)
13Countrywide Home Loans 84 58%33%
  • 164%
  • (125,000 / $76,000)
  • 214%
  • (30,000 / $14,000)
14Countrywide Bank Fsb 80 65%17%
  • 183%
  • (66,000 / $36,000)
  • 213%
  • (113,000 / $53,000)
15Bank Of America 80 62%25%
  • 213%
  • (128,000 / $60,000)
  • 260%
  • (263,000 / $101,000)
16Southern Michigan Bank & Trust 79 62%30%
  • 166%
  • (217,000 / $130,000)
  • 231%
  • (104,000 / $45,000)
17Pnc Bank N.A. 78 38%47%
  • 140%
  • (38,000 / $27,000)
  • 173%
  • (139,000 / $80,000)
18Ib&T Mortgage Company 63 82%7%
  • 194%
  • (134,000 / $69,000)
  • 257%
  • (312,000 / $121,000)
19Citimortgage 62 61%16%
  • 211%
  • (57,000 / $27,000)
  • 262%
  • (76,000 / $29,000)
20Team One Credit Union 61 86%9%
  • 85%
  • (70,000 / $82,000)
  • 231%
  • (104,000 / $45,000)

Owendale, MI Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,227
  2. Loan Applications Denied: 1,046
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 2,478
  5. % of Loan Applications Originated 58

Owendale, MI Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history14
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Owendale, MI Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0002,517 5726
$100,000 - $300,0001,571 5822
$300,000 - $500,000124 6816
$500,000 - $1,000,00015 5333

Owendale, MI Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0003,578 5526
$100,000 - $300,000584 6815
$300,000 - $500,00044 7213
$500,000 - $1,000,00015 8013
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0001 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Owendale, MI

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%25153 33
30 - 60%35558 24
60 - 100%51265 21
100 - 200%1,47960 21
200 - 300%98860 22
300 - 400%40647 29
> 400%23641 42

Owendale, MI 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 Dwelling3,687 5725
Not Owner-Occupied As A Principal Dwelling512 6820
Not Applicable10 8010

Home Owner Property Type Statistics in Owendale, MI 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)3,679 5825
Manufactured Housing333 5133
One To Four-Family215 716
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