Top Rice Lake, MN Mortgage Lenders

RankRice Lake Mortgage LenderRice Lake Home Loans ProcessedRice Lake Home Loans ApprovedRice Lake Home Loans DeniedRice Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRice Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,595 68%14%
  • 187%
  • (124,000 Loan / $66,000 Income)
  • 163%
  • (85,000 Loan / $52,000 Income)
2North Shore Bank Of Commerce 631 83%7%
  • 202%
  • (202,000 / $100,000)
  • 197%
  • (192,000 / $97,000)
3Us Bank 466 86%7%
  • 233%
  • (138,000 / $59,000)
  • 275%
  • (135,000 / $49,000)
4Affinity Plus Federal Credit U 233 65%5%
  • 160%
  • (45,000 / $28,000)
  • 179%
  • (185,000 / $103,000)
5Jpmorgan Chase Bank 210 82%15%
  • 272%
  • (120,000 / $44,000)
  • 219%
  • (147,000 / $67,000)
6Mortgage Guaranty Insurance Co 189 76%7%
  • 253%
  • (165,000 / $65,000)
  • 311%
  • (318,000 / $102,000)
7Bank Of America 187 84%8%
  • 230%
  • (60,000 / $26,000)
  • 258%
  • (132,000 / $51,000)
8Countrywide Bank Fsb 185 82%7%
  • 259%
  • (70,000 / $27,000)
  • 288%
  • (124,000 / $43,000)
9Phh Mortgage Corporation 134 88%2%
  • 227%
  • (134,000 / $59,000)
  • 230%
  • (212,000 / $92,000)
10Duluth Teachers Credit Union 124 90%4%
  • 58%
  • (58,000 / $100,000)
  • 97%
  • (136,000 / $139,000)
11Us Bank North Dakota 123 47%34%
  • 128%
  • (95,000 / $74,000)
  • 178%
  • (200,000 / $112,000)
12Us Bk Na Nd 115 48%40%
  • 162%
  • (78,000 / $48,000)
  • 173%
  • (59,000 / $34,000)
13Citimortgage 113 82%5%
  • 191%
  • (155,000 / $81,000)
  • 238%
  • (150,000 / $63,000)
14United Guaranty Corporation 104 84%3%
  • 265%
  • (178,000 / $67,000)
  • 335%
  • (114,000 / $34,000)
15Countrywide Home Loans 87 87%5%
  • 217%
  • (170,000 / $78,000)
  • 146%
  • (94,000 / $64,000)
16National Bank Of Commerce 84 80%9%
  • 157%
  • (200,000 / $127,000)
  • 170%
  • (280,000 / $164,000)
17Western National Bank 78 84%14%
  • 181%
  • (100,000 / $55,000)
  • 278%
  • (139,000 / $50,000)
18Members Cooperative Credit Uni 74 56%20%
  • 106%
  • (47,000 / $44,000)
  • 353%
  • (138,000 / $39,000)
19Wells Fargo Fin'l Minnesota 73 26%42%
  • 200%
  • (166,000 / $83,000)
  • 217%
  • (63,000 / $29,000)
20Genworth Mortgage Insurance Co 71 78%4%
  • 259%
  • (140,000 / $54,000)
  • 183%
  • (266,000 / $145,000)

Rice Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,000
  2. Loan Applications Denied: 951
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 5,011
  5. % of Loan Applications Originated 71

Rice Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Credit history8
Debt-to-income ratio6
Credit application incomplete3
Unverifiable information2

Rice 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 - $100,0001,986 6915
$100,000 - $300,0004,618 7212
$300,000 - $500,000362 7211
$500,000 - $1,000,00034 5523

Rice 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 - $100,0005,421 7014
$100,000 - $300,0001,416 7411
$300,000 - $500,000109 7811
$500,000 - $1,000,00050 7814
$1,000,000 - $1,500,0003 3333
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Rice 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%30667 19
30 - 60%36468 14
60 - 100%59875 11
100 - 200%2,04073 11
200 - 300%2,00873 11
300 - 400%1,05769 14
> 400%62760 22

Rice 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 Dwelling6,599 7113
Not Owner-Occupied As A Principal Dwelling367 6916
Not Applicable8 8712

Home Owner Property Type Statistics in Rice 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)6,357 7113
One To Four-Family522 795
Manufactured Housing121 4634
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