Top Rush Lake, MN Mortgage Lenders

RankRush Lake Mortgage LenderRush Lake Home Loans ProcessedRush Lake Home Loans ApprovedRush Lake Home Loans DeniedRush Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRush Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 590 69%14%
  • 173%
  • (417,000 Loan / $240,000 Income)
  • 229%
  • (124,000 Loan / $54,000 Income)
2Bremer Bank Na (Fargo) 354 79%5%
  • 165%
  • (252,000 / $152,000)
  • 105%
  • (90,000 / $85,000)
3Jpmorgan Chase Bank 272 86%12%
  • 256%
  • (164,000 / $64,000)
  • 263%
  • (187,000 / $71,000)
4Phh Mortgage Corporation 231 93%0%
  • 208%
  • (127,000 / $61,000)
  • 541%
  • (184,000 / $34,000)
5Us Bank 157 82%11%
  • 230%
  • (210,000 / $91,000)
  • 265%
  • (146,000 / $55,000)
6Citimortgage 138 78%10%
  • 209%
  • (277,000 / $132,000)
  • 291%
  • (105,000 / $36,000)
7State Bank & Trust 94 75%10%
  • 145%
  • (134,000 / $92,000)
  • 315%
  • (341,000 / $108,000)
8Countrywide Bank Fsb 75 74%18%
  • 264%
  • (143,000 / $54,000)
  • 281%
  • (121,000 / $43,000)
9Bank Of America 59 88%8%
  • 200%
  • (292,000 / $146,000)
  • 266%
  • (32,000 / $12,000)
10Mortgage Guaranty Insurance Co 58 72%8%
  • 250%
  • (55,000 / $22,000)
  • 252%
  • (310,000 / $123,000)
11Merchants Bank 55 94%5%
  • 198%
  • (137,000 / $69,000)
  • 202%
  • (403,000 / $199,000)
12Citibank 55 67%16%
  • 142%
  • (80,000 / $56,000)
  • 76%
  • (67,000 / $88,000)
13Gate City Bank 53 79%5%
  • 121%
  • (134,000 / $110,000)
  • 310%
  • (177,000 / $57,000)
14Genworth Mortgage Insurance Co 51 64%1%
  • 258%
  • (230,000 / $89,000)
  • 182%
  • (117,000 / $64,000)
15Franklin American Mortgage Co 51 62%19%
  • 207%
  • (187,000 / $90,000)
  • 295%
  • (245,000 / $83,000)
16Affinity Plus Federal Credit U 49 63%8%
  • 132%
  • (105,000 / $79,000)
  • 230%
  • (145,000 / $63,000)
17Embrace Home Loans, 46 13%43%
  • 280%
  • (115,000 / $41,000)
  • 268%
  • (177,000 / $66,000)
18Countrywide Home Loans 39 87%10%
  • 208%
  • (77,000 / $37,000)
  • 520%
  • (125,000 / $24,000)
19American Federal Bank 39 82%7%
  • 161%
  • (255,000 / $158,000)
  • 263%
  • (293,000 / $111,000)
20Wells Fargo Funding 37 97%0%
  • 167%
  • (127,000 / $76,000)
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Rush Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,652
  2. Loan Applications Denied: 539
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 2,519
  5. % of Loan Applications Originated 68

Rush Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Debt-to-income ratio9
Credit history8
Credit application incomplete3
Unverifiable information2

Rush 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 - $100,0001,216 6616
$100,000 - $300,0002,217 6913
$300,000 - $500,000211 6815
$500,000 - $1,000,0008 620

Rush 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 - $100,0002,794 6616
$100,000 - $300,000787 7510
$300,000 - $500,00043 719
$500,000 - $1,000,00026 873
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in Rush 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%11464 17
30 - 60%20865 14
60 - 100%34474 14
100 - 200%1,06973 10
200 - 300%96569 14
300 - 400%58565 16
> 400%36753 23

Rush 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 Dwelling2,892 6616
Not Owner-Occupied As A Principal Dwelling739 799
Not Applicable3 3366

Home Owner Property Type Statistics in Rush 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)3,362 6915
One To Four-Family208 664
Manufactured Housing82 4630
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