Top Rabbit Lake, MN Mortgage Lenders

RankRabbit Lake Mortgage LenderRabbit Lake Home Loans ProcessedRabbit Lake Home Loans ApprovedRabbit Lake Home Loans DeniedRabbit Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRabbit Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 864 65%14%
  • 183%
  • (200,000 Loan / $109,000 Income)
  • 158%
  • (95,000 Loan / $60,000 Income)
2Us Bank 343 82%10%
  • 224%
  • (204,000 / $91,000)
  • 269%
  • (191,000 / $71,000)
3Jpmorgan Chase Bank 208 84%12%
  • 258%
  • (111,000 / $43,000)
  • 281%
  • (124,000 / $44,000)
4Unity Bank 181 80%14%
  • 152%
  • (90,000 / $59,000)
  • 276%
  • (58,000 / $21,000)
5Bank Of America 162 74%14%
  • 220%
  • (417,000 / $189,000)
  • 242%
  • (92,000 / $38,000)
6Countrywide Bank Fsb 157 76%17%
  • 257%
  • (260,000 / $101,000)
  • 316%
  • (98,000 / $31,000)
7Affinity Plus Federal Credit U 138 62%6%
  • 160%
  • (120,000 / $75,000)
  • 153%
  • (198,000 / $129,000)
8Citimortgage 120 72%10%
  • 175%
  • (217,000 / $124,000)
  • 277%
  • (214,000 / $77,000)
9Countrywide Home Loans 91 85%9%
  • 192%
  • (144,000 / $75,000)
  • 258%
  • (150,000 / $58,000)
10Mortgage Guaranty Insurance Co 76 72%3%
  • 200%
  • (283,000 / $141,000)
  • 102%
  • (162,000 / $158,000)
11Beneficial Company Llc 58 1%86%
  • 486%
  • (224,000 / $46,000)
  • 216%
  • (130,000 / $60,000)
12Wells Fargo Funding 56 96%0%
  • 150%
  • (200,000 / $133,000)
0
13Us Bk Na Nd 52 48%40%
  • 149%
  • (161,000 / $108,000)
  • 213%
  • (156,000 / $73,000)
14Citibank 52 71%13%
  • 126%
  • (292,000 / $230,000)
  • 60%
  • (69,000 / $115,000)
15Us Bank North Dakota 49 53%40%
  • 137%
  • (135,000 / $98,000)
  • 206%
  • (165,000 / $80,000)
16Quicken Loans 48 62%35%
  • 202%
  • (140,000 / $69,000)
  • 355%
  • (217,000 / $61,000)
17United Guaranty Corporation 43 76%9%
  • 302%
  • (133,000 / $44,000)
  • 431%
  • (125,000 / $29,000)
18Embrace Home Loans, 43 6%55%
  • 384%
  • (200,000 / $52,000)
  • 353%
  • (92,000 / $26,000)
19Cmg Mortgage Insurance Co. 38 86%2%
  • 241%
  • (145,000 / $60,000)
  • 175%
  • (128,000 / $73,000)
20Bell America Mortgage Llc Dba 37 56%8%
  • 251%
  • (264,000 / $105,000)
  • 403%
  • (246,000 / $61,000)

Rabbit Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,456
  2. Loan Applications Denied: 774
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 2,939
  5. % of Loan Applications Originated 65

Rabbit Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio11
Credit history9
Credit application incomplete3
Unverifiable information2

Rabbit 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 - $100,0001,326 6119
$100,000 - $300,0002,625 6616
$300,000 - $500,000462 7113
$500,000 - $1,000,00042 5421
$1,000,000 - $1,500,0001 1000

Rabbit 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 - $100,0003,116 6119
$100,000 - $300,0001,159 7411
$300,000 - $500,000123 816
$500,000 - $1,000,00046 7110
$1,000,000 - $1,500,0004 1000
$1,500,000 - $2,000,0002 1000
> $2,000,0006 660

Loan to Income Ratios Research for Mortgage in Rabbit 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%13863 22
30 - 60%22164 19
60 - 100%45070 12
100 - 200%1,29171 13
200 - 300%1,18066 16
300 - 400%60963 18
> 400%56747 29

Rabbit 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 Dwelling3,108 6119
Not Owner-Occupied As A Principal Dwelling1,309 7511
Not Applicable3 1000

Home Owner Property Type Statistics in Rabbit 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)4,061 6517
One To Four-Family225 764
Manufactured Housing170 5526
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