Top Sand Lake, MN Mortgage Lenders

RankSand Lake Mortgage LenderSand Lake Home Loans ProcessedSand Lake Home Loans ApprovedSand Lake Home Loans DeniedSand Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSand Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 414 59%19%
  • 159%
  • (105,000 Loan / $66,000 Income)
  • 156%
  • (100,000 Loan / $64,000 Income)
2American Bank Of The North 298 72%18%
  • 128%
  • (32,000 / $25,000)
  • 186%
  • (110,000 / $59,000)
3Us Bank 156 73%17%
  • 210%
  • (200,000 / $95,000)
  • 252%
  • (144,000 / $57,000)
4Us Bank North Dakota 135 48%34%
  • 114%
  • (40,000 / $35,000)
  • 190%
  • (40,000 / $21,000)
5Us Bk Na Nd 115 44%41%
  • 131%
  • (120,000 / $91,000)
  • 200%
  • (150,000 / $75,000)
6Jpmorgan Chase Bank 84 73%25%
  • 203%
  • (63,000 / $31,000)
  • 217%
  • (152,000 / $70,000)
7First National Bank 72 86%9%
  • 101%
  • (55,000 / $54,000)
  • 172%
  • (50,000 / $29,000)
8Phh Mortgage Corporation 68 79%2%
  • 200%
  • (200,000 / $100,000)
  • 112%
  • (136,000 / $121,000)
9Bank Of America 68 55%27%
  • 180%
  • (76,000 / $42,000)
  • 195%
  • (82,000 / $42,000)
10Consumer Loan Services Llc 56 78%8%
  • 317%
  • (130,000 / $41,000)
  • 161%
  • (124,000 / $77,000)
11Freedom Mortgage Corp. 53 66%13%
  • 228%
  • (210,000 / $92,000)
  • 325%
  • (176,000 / $54,000)
12Prime Lending 52 73%9%
  • 242%
  • (121,000 / $50,000)
  • 289%
  • (81,000 / $28,000)
13Affinity Plus Federal Credit U 47 74%2%
  • 114%
  • (102,000 / $89,000)
  • 272%
  • (49,000 / $18,000)
14Queen City Federal Savings Ban 46 97%2%
  • 177%
  • (208,000 / $117,000)
  • 513%
  • (77,000 / $15,000)
15Citimortgage 44 52%20%
  • 286%
  • (229,000 / $80,000)
  • 290%
  • (232,000 / $80,000)
16Countrywide Bank Fsb 40 70%12%
  • 238%
  • (167,000 / $70,000)
  • 284%
  • (202,000 / $71,000)
17Wells Fargo Funding 37 100%0%
  • 328%
  • (164,000 / $50,000)
0
18Quicken Loans 36 75%13%
  • 204%
  • (94,000 / $46,000)
  • 300%
  • (138,000 / $46,000)
19Embrace Home Loans, 28 7%42%
  • 183%
  • (132,000 / $72,000)
  • 295%
  • (186,000 / $63,000)
20Countrywide Home Loans 28 85%7%
  • 250%
  • (155,000 / $62,000)
  • 230%
  • (205,000 / $89,000)

Sand Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,739
  2. Loan Applications Denied: 525
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 1,747
  5. % of Loan Applications Originated 63

Sand Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral16
Credit history13
Debt-to-income ratio8
Credit application incomplete3
Unverifiable information2

Sand 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 - $100,0001,124 6517
$100,000 - $300,0001,520 6120
$300,000 - $500,00086 6224
$500,000 - $1,000,0009 3322

Sand 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 - $100,0002,218 6120
$100,000 - $300,000489 6715
$300,000 - $500,00021 809
$500,000 - $1,000,0009 990
$1,000,000 - $1,500,0002 500

Loan to Income Ratios Research for Mortgage in Sand 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%10664 23
30 - 60%16669 16
60 - 100%28967 16
100 - 200%93066 17
200 - 300%71864 16
300 - 400%31955 21
> 400%21142 36

Sand 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 Dwelling2,399 6319
Not Owner-Occupied As A Principal Dwelling325 6918
Not Applicable4 7525

Home Owner Property Type Statistics in Sand 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)2,523 6319
One To Four-Family128 657
Manufactured Housing88 5628
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