Top Platte Lake, MN Mortgage Lenders

RankPlatte Lake Mortgage LenderPlatte Lake Home Loans ProcessedPlatte Lake Home Loans ApprovedPlatte Lake Home Loans DeniedPlatte Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPlatte Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 484 64%16%
  • 198%
  • (149,000 Loan / $75,000 Income)
  • 205%
  • (315,000 Loan / $153,000 Income)
2Affinity Plus Federal Credit U 219 61%7%
  • 109%
  • (35,000 / $32,000)
  • 227%
  • (125,000 / $55,000)
3Us Bank 185 82%10%
  • 236%
  • (180,000 / $76,000)
  • 283%
  • (150,000 / $53,000)
4Jpmorgan Chase Bank 134 86%11%
  • 198%
  • (117,000 / $59,000)
  • 287%
  • (138,000 / $48,000)
5Bank Of America 92 79%14%
  • 198%
  • (113,000 / $57,000)
  • 278%
  • (92,000 / $33,000)
6Citimortgage 80 81%8%
  • 222%
  • (89,000 / $40,000)
  • 233%
  • (159,000 / $68,000)
7Countrywide Bank Fsb 63 76%19%
  • 293%
  • (97,000 / $33,000)
  • 241%
  • (128,000 / $53,000)
8Woodlands National Bank 53 35%50%
  • 230%
  • (180,000 / $78,000)
  • 244%
  • (164,000 / $67,000)
9American National Bank Of Minn 51 90%3%
  • 150%
  • (42,000 / $28,000)
  • 136%
  • (30,000 / $22,000)
10Riverwood Bank 45 68%6%
  • 170%
  • (160,000 / $94,000)
  • 267%
  • (150,000 / $56,000)
11Phh Mortgage Corporation 41 60%0%
  • 232%
  • (156,000 / $67,000)
0
12Citibank 39 69%20%
  • 208%
  • (50,000 / $24,000)
  • 142%
  • (128,000 / $90,000)
13Us Bk Na Nd 37 56%35%
  • 176%
  • (138,000 / $78,000)
  • 245%
  • (91,000 / $37,000)
14Beneficial Company Llc 36 2%77%
  • 40%
  • (21,000 / $52,000)
  • 293%
  • (132,000 / $45,000)
15Wells Fargo Funding 35 100%0% 0 0
16Us Bank North Dakota 34 29%38%
  • 123%
  • (84,000 / $68,000)
  • 112%
  • (150,000 / $133,000)
17Mortgage Guaranty Insurance Co 33 72%6%
  • 210%
  • (156,000 / $74,000)
  • 246%
  • (133,000 / $54,000)
18Embrace Home Loans, 31 6%45%
  • 388%
  • (163,000 / $42,000)
  • 451%
  • (158,000 / $35,000)
19Countrywide Home Loans 29 86%10%
  • 283%
  • (119,000 / $42,000)
  • 337%
  • (108,000 / $32,000)
20Bell America Mortgage Llc Dba 29 65%6%
  • 200%
  • (180,000 / $90,000)
  • 381%
  • (145,000 / $38,000)

Platte Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,753
  2. Loan Applications Denied: 482
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 1,749
  5. % of Loan Applications Originated 63

Platte Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history13
Debt-to-income ratio11
Credit application incomplete3
Unverifiable information1

Platte 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 - $100,000729 6119
$100,000 - $300,0001,891 6416
$300,000 - $500,000126 5825
$500,000 - $1,000,0007 2842

Platte 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 - $100,0002,130 5919
$100,000 - $300,000572 7410
$300,000 - $500,00035 7114
$500,000 - $1,000,00010 4040
$1,000,000 - $1,500,0004 500
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Platte 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%9558 22
30 - 60%13661 19
60 - 100%25173 12
100 - 200%73968 13
200 - 300%67164 15
300 - 400%47060 18
> 400%39147 28

Platte 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 Dwelling2,127 6019
Not Owner-Occupied As A Principal Dwelling602 7410
Not Applicable3 3333

Home Owner Property Type Statistics in Platte 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)2,498 6317
Manufactured Housing137 5132
One To Four-Family118 745
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