Top Park Rapids, MN Mortgage Lenders

RankPark Rapids Mortgage LenderPark Rapids Home Loans ProcessedPark Rapids Home Loans ApprovedPark Rapids Home Loans DeniedPark Rapids Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPark Rapids Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 2,289 60%16%
  • 213%
  • (192,000 Loan / $90,000 Income)
  • 190%
  • (143,000 Loan / $75,000 Income)
2Countrywide Bank Fsb 434 66%20%
  • 248%
  • (112,000 / $45,000)
  • 286%
  • (238,000 / $83,000)
3Jpmorgan Chase Bank 421 79%17%
  • 265%
  • (122,000 / $46,000)
  • 253%
  • (180,000 / $71,000)
4Affinity Plus Federal Credit U 407 62%7%
  • 105%
  • (81,000 / $77,000)
  • 244%
  • (115,000 / $47,000)
5Citimortgage 368 78%10%
  • 224%
  • (236,000 / $105,000)
  • 250%
  • (128,000 / $51,000)
6Genworth Mortgage Insurance Co 293 71%2%
  • 287%
  • (158,000 / $55,000)
  • 323%
  • (110,000 / $34,000)
7Mortgage Guaranty Insurance Co 290 74%6%
  • 280%
  • (87,000 / $31,000)
  • 242%
  • (267,000 / $110,000)
8Beneficial Company Llc 271 7%75%
  • 201%
  • (123,000 / $61,000)
  • 230%
  • (175,000 / $76,000)
9Countrywide Home Loans 265 80%14%
  • 246%
  • (200,000 / $81,000)
  • 233%
  • (105,000 / $45,000)
10Us Bank 257 73%12%
  • 239%
  • (177,000 / $74,000)
  • 283%
  • (122,000 / $43,000)
11Northwoods Bank Of Minnesota 236 88%9%
  • 183%
  • (123,000 / $67,000)
  • 228%
  • (32,000 / $14,000)
12United Guaranty Corporation 229 81%2%
  • 278%
  • (89,000 / $32,000)
  • 249%
  • (157,000 / $63,000)
13Northview Bank 196 60%21%
  • 158%
  • (138,000 / $87,000)
  • 242%
  • (160,000 / $66,000)
14Bank Of America 185 67%21%
  • 235%
  • (228,000 / $97,000)
  • 347%
  • (125,000 / $36,000)
15Wells Fargo Funding 169 99%0%
  • 198%
  • (212,000 / $107,000)
  • 1025%
  • (400,000 / $39,000)
16Phh Mortgage Corporation 162 85%0%
  • 251%
  • (113,000 / $45,000)
  • 244%
  • (93,000 / $38,000)
17Wells Fargo Fin'l Minnesota 161 14%49%
  • 255%
  • (133,000 / $52,000)
  • 234%
  • (206,000 / $88,000)
18Citibank 159 75%16%
  • 60%
  • (70,000 / $115,000)
  • 89%
  • (25,000 / $28,000)
19Us Bank North Dakota 154 33%42%
  • 112%
  • (63,000 / $56,000)
  • 122%
  • (55,000 / $45,000)
20Woodlands National Bank 127 44%29%
  • 223%
  • (161,000 / $72,000)
  • 288%
  • (130,000 / $45,000)

Park Rapids, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 13,137
  2. Loan Applications Denied: 2,538
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 8,127
  5. % of Loan Applications Originated 61

Park Rapids, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history8
Debt-to-income ratio7
Credit application incomplete2
Unverifiable information1

Park Rapids, 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 - $100,0004,273 6220
$100,000 - $300,0008,399 6118
$300,000 - $500,000440 5519
$500,000 - $1,000,00021 5619
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0002 5050

Park Rapids, 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 - $100,00010,943 6020
$100,000 - $300,0002,046 6615
$300,000 - $500,00096 6513
$500,000 - $1,000,00035 6217
$1,000,000 - $1,500,00010 800
$1,500,000 - $2,000,0002 500
> $2,000,0005 6020

Loan to Income Ratios Research for Mortgage in Park Rapids, 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%63858 25
30 - 60%82460 19
60 - 100%97261 19
100 - 200%3,00065 15
200 - 300%3,80063 17
300 - 400%2,39262 18
> 400%1,51148 29

Park Rapids, 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 Dwelling11,830 6119
Not Owner-Occupied As A Principal Dwelling1,204 6416
Not Applicable21 5742

Home Owner Property Type Statistics in Park Rapids, 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)11,541 6020
One To Four-Family1,248 753
Manufactured Housing348 4929
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