Top Tonka Bay, MN Mortgage Lenders

RankTonka Bay Mortgage LenderTonka Bay Home Loans ProcessedTonka Bay Home Loans ApprovedTonka Bay Home Loans DeniedTonka Bay Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTonka Bay Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 716 65%14%
  • 203%
  • (417,000 Loan / $205,000 Income)
  • 230%
  • (113,000 Loan / $49,000 Income)
2Us Bank 155 83%9%
  • 231%
  • (417,000 / $180,000)
  • 248%
  • (516,000 / $208,000)
3Jpmorgan Chase Bank 137 86%11%
  • 237%
  • (256,000 / $108,000)
  • 317%
  • (330,000 / $104,000)
4Citimortgage 98 82%8%
  • 225%
  • (693,000 / $307,000)
  • 182%
  • (212,000 / $116,000)
5Countrywide Bank Fsb 86 84%9%
  • 305%
  • (1,620,000 / $531,000)
  • 237%
  • (176,000 / $74,000)
6Bank Of America 77 67%12%
  • 209%
  • (287,000 / $137,000)
  • 375%
  • (203,000 / $54,000)
7Bell America Mortgage Llc Dba 63 68%0%
  • 206%
  • (616,000 / $298,000)
0
8Ing Bank, Fsb 58 39%43%
  • 253%
  • (1,500,000 / $591,000)
  • 429%
  • (606,000 / $141,000)
9Wells Fargo Funding 56 98%0%
  • 210%
  • (291,000 / $138,000)
0
10Tcf National Bank 53 35%26%
  • 248%
  • (744,000 / $300,000)
  • 368%
  • (350,000 / $95,000)
11Citibank 51 74%15%
  • 111%
  • (100,000 / $90,000)
  • 135%
  • (88,000 / $65,000)
12Countrywide Home Loans 49 89%4%
  • 274%
  • (948,000 / $345,000)
  • 155%
  • (585,000 / $376,000)
13Phh Home Loans 43 88%2%
  • 243%
  • (285,000 / $117,000)
  • 191%
  • (750,000 / $391,000)
14Us Bank North Dakota 35 11%65%
  • 340%
  • (525,000 / $154,000)
  • 311%
  • (1,183,000 / $380,000)
15Alerus Financial 31 87%3%
  • 204%
  • (315,000 / $154,000)
  • 205%
  • (382,000 / $186,000)
16Provident Funding Associates 29 68%20%
  • 245%
  • (263,000 / $107,000)
  • 282%
  • (198,000 / $70,000)
17State Bank & Trust 25 76%0%
  • 219%
  • (276,000 / $126,000)
0
18The Business Bank 24 95%0%
  • 199%
  • (409,000 / $205,000)
0
19Inter Savings Bank, Fsb 22 86%4%
  • 192%
  • (250,000 / $130,000)
  • 158%
  • (100,000 / $63,000)
20Bremer Bank Na (Twin Cities) 22 63%4%
  • 92%
  • (65,000 / $70,000)
  • 306%
  • (334,000 / $109,000)

Tonka Bay, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,951
  2. Loan Applications Denied: 457
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 1,969
  5. % of Loan Applications Originated 66

Tonka Bay, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio20
Collateral15
Credit history9
Credit application incomplete5
Unverifiable information4

Tonka Bay, 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 - $100,000297 5921
$100,000 - $300,0001,235 6713
$300,000 - $500,000903 7211
$500,000 - $1,000,000352 6123
$1,000,000 - $1,500,000101 5222
$1,500,000 - $2,000,00046 4532
> $2,000,00017 3523

Tonka Bay, 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 - $100,0001,041 6118
$100,000 - $300,0001,425 6813
$300,000 - $500,000275 7014
$500,000 - $1,000,000152 6516
$1,000,000 - $1,500,00026 737
$1,500,000 - $2,000,0008 7512
> $2,000,00024 6216

Loan to Income Ratios Research for Mortgage in Tonka Bay, 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%8960 20
30 - 60%13159 20
60 - 100%24666 14
100 - 200%77773 11
200 - 300%76669 11
300 - 400%52666 14
> 400%41649 30

Tonka Bay, 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 Dwelling2,717 6615
Not Owner-Occupied As A Principal Dwelling227 6716
Not Applicable2 5050

Home Owner Property Type Statistics in Tonka Bay, 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)2,886 6615
One To Four-Family62 754
Manufactured Housing3 0100
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