Top Roy Lake, MN Mortgage Lenders

RankRoy Lake Mortgage LenderRoy Lake Home Loans ProcessedRoy Lake Home Loans ApprovedRoy Lake Home Loans DeniedRoy Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRoy Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 511 73%12%
  • 188%
  • (130,000 Loan / $69,000 Income)
  • 165%
  • (38,000 Loan / $23,000 Income)
2Affinity Plus Federal Credit U 145 62%7%
  • 134%
  • (109,000 / $81,000)
  • 161%
  • (92,000 / $57,000)
3Us Bank 134 82%11%
  • 189%
  • (70,000 / $37,000)
  • 215%
  • (71,000 / $33,000)
4North Shore Bank Of Commerce 128 78%10%
  • 207%
  • (141,000 / $68,000)
  • 251%
  • (118,000 / $47,000)
5Bank Of America 83 85%9%
  • 215%
  • (172,000 / $80,000)
  • 209%
  • (67,000 / $32,000)
6Jpmorgan Chase Bank 75 80%17%
  • 116%
  • (79,000 / $68,000)
  • 200%
  • (128,000 / $64,000)
7Home Federal Savings Bank 69 56%15%
  • 164%
  • (97,000 / $59,000)
  • 160%
  • (80,000 / $50,000)
8Us Bk Na Nd 58 48%37%
  • 147%
  • (50,000 / $34,000)
  • 180%
  • (121,000 / $67,000)
9Prime Lending 40 85%2%
  • 201%
  • (191,000 / $95,000)
  • 356%
  • (196,000 / $55,000)
10First National Bank 40 80%10%
  • 101%
  • (56,000 / $55,000)
  • 114%
  • (62,000 / $54,000)
11United Guaranty Corporation 36 86%2%
  • 188%
  • (130,000 / $69,000)
  • 81%
  • (124,000 / $152,000)
12Eastwood Bank 31 61%25%
  • 156%
  • (80,000 / $51,000)
  • 202%
  • (79,000 / $39,000)
13Qr Lending Inc 30 36%16%
  • 181%
  • (67,000 / $37,000)
  • 248%
  • (77,000 / $31,000)
14Citimortgage 29 75%13%
  • 136%
  • (90,000 / $66,000)
  • 321%
  • (135,000 / $42,000)
15Think Mutual Bank 28 57%14%
  • 114%
  • (89,000 / $78,000)
  • 260%
  • (60,000 / $23,000)
16Quicken Loans 28 57%25%
  • 192%
  • (106,000 / $55,000)
  • 252%
  • (106,000 / $42,000)
17Phh Mortgage Corporation 26 76%3%
  • 205%
  • (138,000 / $67,000)
  • 110%
  • (92,000 / $83,000)
18Wells Fargo Funding 25 100%0%
  • 238%
  • (93,000 / $39,000)
0
19Us Bank North Dakota 25 52%44%
  • 86%
  • (80,000 / $92,000)
  • 260%
  • (138,000 / $53,000)
20Mortgage Guaranty Insurance Co 23 95%0%
  • 254%
  • (107,000 / $42,000)
0

Roy Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,290
  2. Loan Applications Denied: 315
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 1,639
  5. % of Loan Applications Originated 71

Roy Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history12
Collateral11
Debt-to-income ratio7
Credit application incomplete3
Unverifiable information1

Roy 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 - $100,000999 7114
$100,000 - $300,0001,215 7113
$300,000 - $500,00067 6914
$500,000 - $1,000,0008 870
$1,500,000 - $2,000,0001 0100

Roy 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 - $100,0001,867 7014
$100,000 - $300,000397 7410
$300,000 - $500,0009 880
$500,000 - $1,000,00016 5018
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Roy 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%9064 28
30 - 60%11270 13
60 - 100%21971 12
100 - 200%83274 11
200 - 300%60569 12
300 - 400%28270 15
> 400%15065 19

Roy 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 Dwelling2,104 7113
Not Owner-Occupied As A Principal Dwelling183 7113
Not Applicable1 1000

Home Owner Property Type Statistics in Roy 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)2,129 7014
One To Four-Family113 883
Manufactured Housing48 6622
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