Top Round Lake, MN Mortgage Lenders

RankRound Lake Mortgage LenderRound Lake Home Loans ProcessedRound Lake Home Loans ApprovedRound Lake Home Loans DeniedRound Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRound Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 539 58%18%
  • 174%
  • (68,000 Loan / $39,000 Income)
  • 158%
  • (108,000 Loan / $68,000 Income)
2Friend Bank 183 89%6%
  • 102%
  • (106,000 / $103,000)
  • 173%
  • (99,000 / $57,000)
3Jpmorgan Chase Bank 146 82%13%
  • 220%
  • (269,000 / $122,000)
  • 228%
  • (137,000 / $60,000)
4Countrywide Bank Fsb 123 73%15%
  • 211%
  • (95,000 / $45,000)
  • 243%
  • (207,000 / $85,000)
5Genworth Mortgage Insurance Co 116 43%3%
  • 232%
  • (223,000 / $96,000)
  • 266%
  • (208,000 / $78,000)
6Beneficial Company Llc 114 3%80%
  • 208%
  • (190,000 / $91,000)
  • 227%
  • (123,000 / $54,000)
7Roundbank 111 82%5%
  • 116%
  • (99,000 / $85,000)
  • 326%
  • (209,000 / $64,000)
8Citimortgage 105 83%6%
  • 222%
  • (100,000 / $45,000)
  • 257%
  • (162,000 / $63,000)
9Agstar Financial Services 105 69%6%
  • 203%
  • (165,000 / $81,000)
  • 230%
  • (235,000 / $102,000)
10Us Bank 69 79%5%
  • 201%
  • (133,000 / $66,000)
  • 361%
  • (188,000 / $52,000)
11Countrywide Home Loans 69 84%11%
  • 225%
  • (144,000 / $64,000)
  • 159%
  • (236,000 / $148,000)
12Bank Of America 69 75%17%
  • 229%
  • (78,000 / $34,000)
  • 278%
  • (156,000 / $56,000)
13Alliance Bank 67 61%10%
  • 111%
  • (234,000 / $210,000)
  • 146%
  • (72,000 / $49,000)
14Embrace Home Loans, 64 9%37%
  • 225%
  • (124,000 / $55,000)
  • 237%
  • (195,000 / $82,000)
15Wells Federal Bank 61 36%22%
  • 180%
  • (65,000 / $36,000)
  • 257%
  • (90,000 / $35,000)
16Mortgage Guaranty Insurance Co 59 62%15%
  • 259%
  • (171,000 / $66,000)
  • 252%
  • (86,000 / $34,000)
17Affinity Plus Federal Credit U 54 62%5%
  • 60%
  • (30,000 / $50,000)
  • 47%
  • (30,000 / $63,000)
18Citibank 49 71%18%
  • 113%
  • (50,000 / $44,000)
  • 45%
  • (25,000 / $55,000)
19Us Bank North Dakota 48 37%37%
  • 100%
  • (75,000 / $75,000)
  • 148%
  • (119,000 / $80,000)
20Wells Fargo Fin'l Minnesota 46 17%58%
  • 327%
  • (223,000 / $68,000)
  • 179%
  • (154,000 / $86,000)

Round Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,762
  2. Loan Applications Denied: 734
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 2,297
  5. % of Loan Applications Originated 61

Round Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral8
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Round 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 - $100,0001,590 6121
$100,000 - $300,0002,031 5918
$300,000 - $500,000131 6312
$500,000 - $1,000,0007 850
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Round 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 - $100,0003,218 5920
$100,000 - $300,000488 6812
$300,000 - $500,00032 786
$500,000 - $1,000,00021 6619
$1,000,000 - $1,500,0001 0100
$1,500,000 - $2,000,0002 500

Loan to Income Ratios Research for Mortgage in Round 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%19372 16
30 - 60%31260 21
60 - 100%31761 20
100 - 200%1,08163 15
200 - 300%1,00260 19
300 - 400%52458 19
> 400%33345 31

Round 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 Dwelling3,436 6019
Not Owner-Occupied As A Principal Dwelling297 7016
Not Applicable12 750

Home Owner Property Type Statistics in Round 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)3,294 6020
One To Four-Family326 664
Manufactured Housing142 5924
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