Top Pequot Lakes, MN Mortgage Lenders

RankPequot Lakes Mortgage LenderPequot Lakes Home Loans ProcessedPequot Lakes Home Loans ApprovedPequot Lakes Home Loans DeniedPequot Lakes Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPequot Lakes Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 3,468 64%15%
  • 200%
  • (100,000 Loan / $50,000 Income)
  • 186%
  • (280,000 Loan / $150,000 Income)
2Jpmorgan Chase Bank 820 84%13%
  • 250%
  • (150,000 / $60,000)
  • 226%
  • (86,000 / $38,000)
3Us Bank 776 79%13%
  • 234%
  • (246,000 / $105,000)
  • 284%
  • (125,000 / $44,000)
4Citimortgage 553 81%7%
  • 250%
  • (75,000 / $30,000)
  • 283%
  • (261,000 / $92,000)
5Countrywide Bank Fsb 534 73%16%
  • 226%
  • (195,000 / $86,000)
  • 259%
  • (174,000 / $67,000)
6Affinity Plus Federal Credit U 497 65%6%
  • 134%
  • (114,000 / $85,000)
  • 174%
  • (157,000 / $90,000)
7Bank Of America 432 74%14%
  • 240%
  • (84,000 / $35,000)
  • 224%
  • (204,000 / $91,000)
8State Bank & Trust 308 79%7%
  • 130%
  • (134,000 / $103,000)
  • 267%
  • (265,000 / $99,000)
9Cornerstone Mortgage Company 307 89%2%
  • 260%
  • (112,000 / $43,000)
  • 332%
  • (133,000 / $40,000)
10Mortgage Guaranty Insurance Co 289 71%5%
  • 255%
  • (306,000 / $120,000)
  • 243%
  • (185,000 / $76,000)
11Countrywide Home Loans 285 83%11%
  • 227%
  • (410,000 / $180,000)
  • 221%
  • (124,000 / $56,000)
12Eastwood Bank 272 69%11%
  • 148%
  • (144,000 / $97,000)
  • 129%
  • (35,000 / $27,000)
13Bremer Bank Na (Fargo) 271 84%3%
  • 131%
  • (124,000 / $94,000)
  • 163%
  • (134,000 / $82,000)
14Beneficial Company Llc 250 6%80%
  • 173%
  • (73,000 / $42,000)
  • 235%
  • (80,000 / $34,000)
15Us Bank North Dakota 208 32%41%
  • 133%
  • (75,000 / $56,000)
  • 193%
  • (120,000 / $62,000)
16United Guaranty Corporation 204 76%5%
  • 250%
  • (305,000 / $122,000)
  • 280%
  • (129,000 / $46,000)
17Wells Fargo Funding 197 97%2%
  • 208%
  • (196,000 / $94,000)
  • 289%
  • (162,000 / $56,000)
18Phh Mortgage Corporation 197 86%3%
  • 200%
  • (58,000 / $29,000)
  • 275%
  • (157,000 / $57,000)
19Genworth Mortgage Insurance Co 195 70%2%
  • 251%
  • (88,000 / $35,000)
  • 254%
  • (173,000 / $68,000)
20Wells Fargo Fin'l Minnesota 170 19%54%
  • 248%
  • (122,000 / $49,000)
  • 193%
  • (85,000 / $44,000)

Pequot Lakes, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 18,255
  2. Loan Applications Denied: 3,131
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 11,817
  5. % of Loan Applications Originated 64

Pequot Lakes, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history10
Debt-to-income ratio9
Credit application incomplete3
Unverifiable information1

Pequot Lakes, 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 - $100,0006,126 6319
$100,000 - $300,00010,912 6515
$300,000 - $500,0001,091 6615
$500,000 - $1,000,000114 5422
$1,000,000 - $1,500,00010 6020
$1,500,000 - $2,000,0001 00
> $2,000,0001 0100

Pequot Lakes, 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 - $100,00014,360 6218
$100,000 - $300,0003,553 6912
$300,000 - $500,000211 739
$500,000 - $1,000,000103 6718
$1,000,000 - $1,500,00012 4925
$1,500,000 - $2,000,0006 6616
> $2,000,00010 9010

Loan to Income Ratios Research for Mortgage in Pequot Lakes, 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%77761 22
30 - 60%1,12762 18
60 - 100%1,59365 16
100 - 200%4,94468 14
200 - 300%4,97266 15
300 - 400%2,92163 16
> 400%1,92149 27

Pequot Lakes, 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 Dwelling15,901 6317
Not Owner-Occupied As A Principal Dwelling2,250 7212
Not Applicable19 6821

Home Owner Property Type Statistics in Pequot Lakes, 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)16,614 6417
One To Four-Family1,096 774
Manufactured Housing545 4634
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