Top Pine Point, MN Mortgage Lenders

RankPine Point Mortgage LenderPine Point Home Loans ProcessedPine Point Home Loans ApprovedPine Point Home Loans DeniedPine Point Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPine Point Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 104 52%16%
  • 194%
  • (165,000 Loan / $85,000 Income)
  • 218%
  • (133,000 Loan / $61,000 Income)
2State Bank & Trust 64 81%7%
  • 140%
  • (180,000 / $128,000)
  • 197%
  • (150,000 / $76,000)
3Bremer Bank Na (Fargo) 46 76%10%
  • 160%
  • (40,000 / $25,000)
  • 104%
  • (23,000 / $22,000)
4Midwest Bank 42 83%9%
  • 148%
  • (144,000 / $97,000)
  • 176%
  • (125,000 / $71,000)
5Citimortgage 41 82%7%
  • 370%
  • (200,000 / $54,000)
  • 129%
  • (48,000 / $37,000)
6Us Bank 36 58%33%
  • 169%
  • (256,000 / $151,000)
  • 227%
  • (91,000 / $40,000)
7Jpmorgan Chase Bank 33 81%12%
  • 127%
  • (60,000 / $47,000)
  • 180%
  • (56,000 / $31,000)
8Gate City Bank 19 94%0%
  • 103%
  • (212,000 / $204,000)
0
9Countrywide Bank Fsb 12 83%16%
  • 195%
  • (90,000 / $46,000)
  • 336%
  • (155,000 / $46,000)
10Northwestern Bank 11 72%27%
  • 137%
  • (80,000 / $58,000)
  • 245%
  • (125,000 / $51,000)
11Countrywide Home Loans 11 90%0%
  • 197%
  • (89,000 / $45,000)
0
12Citibank 9 66%22%
  • 223%
  • (141,000 / $63,000)
  • 181%
  • (160,000 / $88,000)
13Bremer Bank Na (Grand Forks) 9 88%0%
  • 92%
  • (190,000 / $206,000)
0
14Northwoods Bank Of Minnesota 8 100%0%
  • 81%
  • (150,000 / $183,000)
0
15Mortgage Guaranty Insurance Co 8 37%37%
  • 223%
  • (141,000 / $63,000)
  • 192%
  • (156,000 / $81,000)
16Citifinancial Services Inc 8 50%37%
  • 155%
  • (56,000 / $36,000)
  • 429%
  • (73,000 / $17,000)
17Wells Fargo Funding 7 100%0% 0 0
18Washington Mutual Bank 7 71%0%
  • 292%
  • (120,000 / $41,000)
0
19New Day Financial, Llc 7 0%57% 0
  • 332%
  • (143,000 / $43,000)
20Wells Fargo Fin'l Minnesota 6 0%50% 0
  • 194%
  • (72,000 / $37,000)

Pine Point, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 697
  2. Loan Applications Denied: 112
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 478
  5. % of Loan Applications Originated 68

Pine Point, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral19
Credit history16
Debt-to-income ratio10
Unverifiable information2
Insufficient cash (downpayment, closing costs)2

Pine Point, 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 - $100,000244 6522
$100,000 - $300,000393 7013
$300,000 - $500,00059 6610
$500,000 - $1,000,0001 1000

Pine Point, 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 - $100,000454 6320
$100,000 - $300,000210 729
$300,000 - $500,00028 923
$500,000 - $1,000,0002 500
$1,000,000 - $1,500,0001 00
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Pine Point, 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%3482 11
30 - 60%5771 21
60 - 100%9778 8
100 - 200%22667 14
200 - 300%14964 20
300 - 400%7869 12
> 400%5651 26

Pine Point, 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 Dwelling446 6321
Not Owner-Occupied As A Principal Dwelling242 787

Home Owner Property Type Statistics in Pine Point, 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)655 6815
One To Four-Family24 7012
Manufactured Housing18 6633
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