Top Ponto Lake, MN Mortgage Lenders

RankPonto Lake Mortgage LenderPonto Lake Home Loans ProcessedPonto Lake Home Loans ApprovedPonto Lake Home Loans DeniedPonto Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPonto Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 648 69%11%
  • 153%
  • (200,000 Loan / $130,000 Income)
  • 206%
  • (66,000 Loan / $32,000 Income)
2Us Bank 341 81%8%
  • 181%
  • (203,000 / $112,000)
  • 201%
  • (127,000 / $63,000)
3Jpmorgan Chase Bank 179 89%10%
  • 208%
  • (127,000 / $61,000)
  • 297%
  • (125,000 / $42,000)
4Countrywide Bank Fsb 95 67%11%
  • 187%
  • (417,000 / $222,000)
  • 256%
  • (167,000 / $65,000)
5Citimortgage 92 75%10%
  • 206%
  • (153,000 / $74,000)
  • 335%
  • (57,000 / $17,000)
6Bank Of America 84 64%21%
  • 233%
  • (63,000 / $27,000)
  • 285%
  • (134,000 / $47,000)
7Affinity Plus Federal Credit U 83 77%2%
  • 141%
  • (200,000 / $141,000)
  • 116%
  • (105,000 / $90,000)
8Pine River State Bank 64 73%21%
  • 164%
  • (56,000 / $34,000)
  • 125%
  • (20,000 / $16,000)
9Countrywide Home Loans 62 83%9%
  • 239%
  • (287,000 / $120,000)
  • 256%
  • (555,000 / $216,000)
10Us Bk Na Nd 58 50%43%
  • 121%
  • (40,000 / $33,000)
  • 171%
  • (67,000 / $39,000)
11Us Bank North Dakota 54 33%48%
  • 133%
  • (95,000 / $71,000)
  • 252%
  • (288,000 / $114,000)
12Bank Forward 46 86%8%
  • 163%
  • (195,000 / $119,000)
  • 43%
  • (20,000 / $46,000)
13The Business Bank 42 97%0%
  • 173%
  • (200,000 / $115,000)
0
14Wells Fargo Funding 41 97%0%
  • 138%
  • (276,000 / $200,000)
0
15Phh Mortgage Corporation 38 81%2%
  • 184%
  • (144,000 / $78,000)
  • 360%
  • (220,000 / $61,000)
16Mortgage Guaranty Insurance Co 38 65%18%
  • 238%
  • (387,000 / $162,000)
  • 333%
  • (100,000 / $30,000)
17Citibank 31 61%16%
  • 109%
  • (199,000 / $182,000)
  • 69%
  • (30,000 / $43,000)
18Liberty Savings Bank Fsb 29 96%3%
  • 159%
  • (300,000 / $188,000)
  • 57%
  • (63,000 / $110,000)
19Embrace Home Loans, 27 11%29%
  • 296%
  • (175,000 / $59,000)
  • 317%
  • (54,000 / $17,000)
20Provident Funding Associates 26 57%34%
  • 184%
  • (184,000 / $100,000)
  • 176%
  • (125,000 / $71,000)

Ponto Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,486
  2. Loan Applications Denied: 507
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 2,436
  5. % of Loan Applications Originated 69

Ponto Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history11
Debt-to-income ratio10
Credit application incomplete5
Unverifiable information2

Ponto 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 - $100,000846 6416
$100,000 - $300,0002,173 7113
$300,000 - $500,000424 7214
$500,000 - $1,000,00038 4636
$1,000,000 - $1,500,0004 750
$1,500,000 - $2,000,0001 1000

Ponto 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 - $100,0001,982 6318
$100,000 - $300,0001,317 7710
$300,000 - $500,000140 816
$500,000 - $1,000,00036 6913
$1,000,000 - $1,500,0009 6611
$1,500,000 - $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Ponto 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%10259 19
30 - 60%19671 13
60 - 100%43176 10
100 - 200%1,22873 11
200 - 300%75570 13
300 - 400%38462 22
> 400%39055 22

Ponto Lake, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Not Owner-Occupied As A Principal Dwelling1,725 7710
Owner-Occupied As A Principal Dwelling1,692 6119
Not Applicable7 8514

Home Owner Property Type Statistics in Ponto 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)3,256 7014
One To Four-Family119 727
Manufactured Housing111 5726
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