Top Potshot Lake, MN Mortgage Lenders

RankPotshot Lake Mortgage LenderPotshot Lake Home Loans ProcessedPotshot Lake Home Loans ApprovedPotshot Lake Home Loans DeniedPotshot Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPotshot Lake Mortgage Median LTR for Denied Loans
1Northview Bank 137 68%18%
  • 162%
  • (99,000 Loan / $61,000 Income)
  • 256%
  • (228,000 Loan / $89,000 Income)
2Wells Fargo Bank 124 51%20%
  • 171%
  • (65,000 / $38,000)
  • 203%
  • (175,000 / $86,000)
3Members Cooperative Credit Uni 52 65%11%
  • 190%
  • (63,000 / $33,000)
  • 348%
  • (108,000 / $31,000)
4Us Bank 41 82%12%
  • 278%
  • (192,000 / $69,000)
  • 326%
  • (183,000 / $56,000)
5Us Bank North Dakota 33 54%39%
  • 144%
  • (68,000 / $47,000)
  • 194%
  • (97,000 / $50,000)
6Affinity Plus Federal Credit U 33 69%9%
  • 142%
  • (64,000 / $45,000)
  • 303%
  • (161,000 / $53,000)
7North Shore Bank Of Commerce 31 77%12%
  • 171%
  • (65,000 / $38,000)
  • 264%
  • (103,000 / $39,000)
8Countrywide Bank Fsb 24 58%20%
  • 170%
  • (97,000 / $57,000)
  • 282%
  • (113,000 / $40,000)
9Agstar Financial Services 24 45%25%
  • 265%
  • (340,000 / $128,000)
  • 225%
  • (108,000 / $48,000)
10Bank Of America 21 71%9%
  • 154%
  • (228,000 / $148,000)
  • 327%
  • (265,000 / $81,000)
11Woodlands National Bank 20 30%20%
  • 211%
  • (188,000 / $89,000)
  • 262%
  • (268,000 / $102,000)
12Phh Mortgage Corporation 20 80%0%
  • 248%
  • (256,000 / $103,000)
0
13Beneficial Company Llc 18 11%66%
  • 151%
  • (88,000 / $58,000)
  • 300%
  • (84,000 / $28,000)
14Jpmorgan Chase Bank 16 100%0%
  • 301%
  • (190,000 / $63,000)
0
15Countrywide Home Loans 14 85%7%
  • 217%
  • (100,000 / $46,000)
  • 404%
  • (93,000 / $23,000)
16Citifinancial Services Inc 14 21%64%
  • 316%
  • (76,000 / $24,000)
  • 188%
  • (17,000 / $9,000)
17Wells Fargo Fin'l Minnesota 13 7%30%
  • 548%
  • (269,000 / $49,000)
  • 322%
  • (145,000 / $45,000)
18Us Bk Na Nd 13 38%61%
  • 95%
  • (40,000 / $42,000)
  • 152%
  • (87,000 / $57,000)
19Cornerstone State Bank 9 88%11%
  • 404%
  • (194,000 / $48,000)
  • 16%
  • (4,000 / $25,000)
20Citimortgage 9 77%0% 0 0

Potshot Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 961
  2. Loan Applications Denied: 199
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 579
  5. % of Loan Applications Originated 60

Potshot Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history17
Collateral16
Debt-to-income ratio14
Insufficient cash (downpayment, closing costs)2
Unverifiable information1

Potshot 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 - $100,000342 6122
$100,000 - $300,000605 5919
$300,000 - $500,00014 7121

Potshot 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 - $100,000807 5722
$100,000 - $300,000151 6912
$300,000 - $500,0002 1000
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Potshot 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%4477 15
30 - 60%5550 16
60 - 100%8361 9
100 - 200%28663 19
200 - 300%25258 23
300 - 400%12562 20
> 400%11648 27

Potshot 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 Dwelling865 5922
Not Owner-Occupied As A Principal Dwelling91 657
Not Applicable1 1000

Home Owner Property Type Statistics in Potshot 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)839 6021
Manufactured Housing86 5223
One To Four-Family36 695
More Potshot Lake, MN Mortgage Research: