Top Toad Lake, MN Mortgage Lenders

RankToad Lake Mortgage LenderToad Lake Home Loans ProcessedToad Lake Home Loans ApprovedToad Lake Home Loans DeniedToad Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansToad Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 120 56%21%
  • 224%
  • (229,000 Loan / $102,000 Income)
  • 129%
  • (75,000 Loan / $58,000 Income)
2Bremer Bank Na (Fargo) 87 77%6%
  • 130%
  • (39,000 / $30,000)
  • 109%
  • (24,000 / $22,000)
3Northwoods Bank Of Minnesota 56 89%10%
  • 147%
  • (145,000 / $98,000)
  • 186%
  • (97,000 / $52,000)
4Jpmorgan Chase Bank 48 72%22%
  • 276%
  • (105,000 / $38,000)
  • 233%
  • (56,000 / $24,000)
5State Bank & Trust 46 82%8%
  • 102%
  • (218,000 / $213,000)
  • 239%
  • (211,000 / $88,000)
6Citimortgage 45 73%6%
  • 241%
  • (280,000 / $116,000)
  • 228%
  • (73,000 / $32,000)
7Us Bank 42 80%16%
  • 253%
  • (170,000 / $67,000)
  • 312%
  • (362,000 / $116,000)
8Nationstar Mortgage Llc 32 3%50%
  • 420%
  • (282,000 / $67,000)
  • 425%
  • (298,000 / $70,000)
9Midwest Bank 29 82%17%
  • 100%
  • (130,000 / $130,000)
  • 143%
  • (132,000 / $92,000)
10Bank Of America 22 68%22%
  • 236%
  • (130,000 / $55,000)
  • 179%
  • (151,000 / $84,000)
11Merchants Bank 19 100%0%
  • 186%
  • (214,000 / $115,000)
0
12Countrywide Bank Fsb 18 66%11%
  • 246%
  • (187,000 / $76,000)
  • 415%
  • (237,000 / $57,000)
13Mortgage Guaranty Insurance Co 15 60%20%
  • 192%
  • (171,000 / $89,000)
  • 287%
  • (167,000 / $58,000)
14Citifinancial Services Inc 14 42%42%
  • 309%
  • (136,000 / $44,000)
  • 238%
  • (205,000 / $86,000)
15Countrywide Home Loans 12 41%50% 0
  • 220%
  • (297,000 / $135,000)
16Citibank 12 41%33%
  • 208%
  • (148,000 / $71,000)
  • 154%
  • (68,000 / $44,000)
17Affinity Plus Federal Credit U 12 33%16%
  • 265%
  • (122,000 / $46,000)
  • 310%
  • (90,000 / $29,000)
18Genworth Mortgage Insurance Co 10 50%0%
  • 186%
  • (214,000 / $115,000)
0
19Us Bank North Dakota 9 33%11%
  • 185%
  • (113,000 / $61,000)
  • 93%
  • (120,000 / $128,000)
20Washington Mutual Bank 8 62%25%
  • 173%
  • (175,000 / $101,000)
  • 318%
  • (175,000 / $55,000)

Toad Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 978
  2. Loan Applications Denied: 185
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 620
  5. % of Loan Applications Originated 63

Toad Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Credit history14
Debt-to-income ratio12
Credit application incomplete4
Unverifiable information3

Toad 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 - $100,000346 6021
$100,000 - $300,000581 6218
$300,000 - $500,00048 786
$500,000 - $1,000,0002 1000
$1,000,000 - $1,500,0001 1000

Toad 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 - $100,000765 5921
$100,000 - $300,000203 7310
$300,000 - $500,0004 1000
$500,000 - $1,000,0004 750
$1,000,000 - $1,500,0002 1000

Loan to Income Ratios Research for Mortgage in Toad 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%3865 18
30 - 60%6173 18
60 - 100%11166 18
100 - 200%27966 13
200 - 300%22664 17
300 - 400%14258 20
> 400%12147 32

Toad 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 Dwelling794 5921
Not Owner-Occupied As A Principal Dwelling175 7810
Not Applicable4 1000

Home Owner Property Type Statistics in Toad 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)903 6318
Manufactured Housing41 6324
One To Four-Family34 5511
More Toad Lake, MN Mortgage Research: