Top Star Lake, MN Mortgage Lenders

RankStar Lake Mortgage LenderStar Lake Home Loans ProcessedStar Lake Home Loans ApprovedStar Lake Home Loans DeniedStar Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansStar Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 259 61%20%
  • 197%
  • (158,000 Loan / $80,000 Income)
  • 153%
  • (200,000 Loan / $130,000 Income)
2State Bank & Trust 129 70%18%
  • 118%
  • (126,000 / $106,000)
  • 162%
  • (60,000 / $37,000)
3Bremer Bank Na (Fargo) 44 75%6%
  • 175%
  • (168,000 / $96,000)
  • 325%
  • (166,000 / $51,000)
4Affinity Plus Federal Credit U 44 77%4%
  • 123%
  • (157,000 / $127,000)
  • 442%
  • (115,000 / $26,000)
5Citimortgage 41 75%14%
  • 222%
  • (160,000 / $72,000)
  • 211%
  • (199,000 / $94,000)
6Jpmorgan Chase Bank 40 75%22%
  • 203%
  • (179,000 / $88,000)
  • 200%
  • (164,000 / $82,000)
7Us Bank 37 72%13%
  • 250%
  • (290,000 / $116,000)
  • 445%
  • (89,000 / $20,000)
8American Federal Bank 32 84%9%
  • 146%
  • (180,000 / $123,000)
  • 189%
  • (140,000 / $74,000)
9Phh Mortgage Corporation 26 96%3%
  • 264%
  • (272,000 / $103,000)
  • 191%
  • (23,000 / $12,000)
10Gate City Bank 20 75%0%
  • 186%
  • (218,000 / $117,000)
0
11Countrywide Bank Fsb 17 70%23%
  • 240%
  • (48,000 / $20,000)
  • 357%
  • (75,000 / $21,000)
12Bank Of America 17 58%17%
  • 102%
  • (143,000 / $140,000)
  • 231%
  • (81,000 / $35,000)
13Citibank 16 75%12%
  • 133%
  • (147,000 / $110,000)
  • 50%
  • (10,000 / $20,000)
14Wells Fargo Funding 15 100%0%
  • 158%
  • (391,000 / $246,000)
0
15Bank Of The West 15 73%20%
  • 127%
  • (42,000 / $33,000)
  • 55%
  • (10,000 / $18,000)
16Wells Fargo Fin'l Minnesota 12 16%50%
  • 117%
  • (134,000 / $114,000)
  • 133%
  • (100,000 / $75,000)
17Genworth Mortgage Insurance Co 12 83%8%
  • 163%
  • (180,000 / $110,000)
  • 266%
  • (104,000 / $39,000)
18Quicken Loans 11 81%18%
  • 233%
  • (126,000 / $54,000)
  • 573%
  • (195,000 / $34,000)
19Beneficial Company Llc 11 9%63%
  • 288%
  • (144,000 / $50,000)
  • 326%
  • (196,000 / $60,000)
20Midwest Bank 10 80%10%
  • 126%
  • (24,000 / $19,000)
  • 125%
  • (65,000 / $52,000)

Star Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,150
  2. Loan Applications Denied: 220
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 728
  5. % of Loan Applications Originated 63

Star Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history18
Collateral17
Debt-to-income ratio9
Credit application incomplete5
Unverifiable information3

Star 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 - $100,000422 6121
$100,000 - $300,000643 6317
$300,000 - $500,00081 6217
$500,000 - $1,000,0004 7525

Star 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 - $100,000857 5921
$100,000 - $300,000269 7312
$300,000 - $500,0005 8020
$500,000 - $1,000,00018 605
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Star 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%4965 20
30 - 60%8252 21
60 - 100%13067 16
100 - 200%34167 17
200 - 300%27267 15
300 - 400%14359 19
> 400%13346 31

Star 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 Dwelling921 6120
Not Owner-Occupied As A Principal Dwelling212 7211
Not Applicable5 2060

Home Owner Property Type Statistics in Star 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)1,054 6318
Manufactured Housing59 5230
One To Four-Family37 7510
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