Top Trout Lake, MN Mortgage Lenders

RankTrout Lake Mortgage LenderTrout Lake Home Loans ProcessedTrout Lake Home Loans ApprovedTrout Lake Home Loans DeniedTrout Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTrout Lake Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 1,672 64%9%
  • 135%
  • (115,000 Loan / $85,000 Income)
  • 248%
  • (191,000 Loan / $77,000 Income)
2Wells Fargo Bank 914 68%13%
  • 186%
  • (56,000 / $30,000)
  • 160%
  • (37,000 / $23,000)
3American Bank Of The North 393 75%15%
  • 137%
  • (80,000 / $58,000)
  • 215%
  • (95,000 / $44,000)
4Countrywide Bank Fsb 228 74%16%
  • 232%
  • (188,000 / $81,000)
  • 255%
  • (153,000 / $60,000)
5Us Bank 175 85%8%
  • 219%
  • (101,000 / $46,000)
  • 360%
  • (184,000 / $51,000)
6Jpmorgan Chase Bank 162 78%18%
  • 261%
  • (128,000 / $49,000)
  • 259%
  • (161,000 / $62,000)
7Citimortgage 121 76%9%
  • 285%
  • (97,000 / $34,000)
  • 360%
  • (137,000 / $38,000)
8Cmg Mortgage Insurance Co. 115 92%1%
  • 225%
  • (115,000 / $51,000)
  • 271%
  • (179,000 / $66,000)
9Us Bank North Dakota 97 31%38%
  • 90%
  • (36,000 / $40,000)
  • 147%
  • (103,000 / $70,000)
10Citifinancial Services Inc 95 35%32%
  • 186%
  • (97,000 / $52,000)
  • 154%
  • (17,000 / $11,000)
11Northview Bank 92 78%15%
  • 168%
  • (172,000 / $102,000)
  • 211%
  • (133,000 / $63,000)
12Countrywide Home Loans 91 79%16%
  • 191%
  • (138,000 / $72,000)
  • 216%
  • (186,000 / $86,000)
13Bank Of America 80 68%18%
  • 231%
  • (199,000 / $86,000)
  • 200%
  • (112,000 / $56,000)
14Mortgage Guaranty Insurance Co 73 72%10%
  • 245%
  • (98,000 / $40,000)
  • 256%
  • (95,000 / $37,000)
15Freedom Mortgage Corp. 63 68%9%
  • 266%
  • (128,000 / $48,000)
  • 255%
  • (148,000 / $58,000)
16Phh Mortgage Corporation 53 71%3%
  • 195%
  • (88,000 / $45,000)
  • 320%
  • (109,000 / $34,000)
17Wells Fargo Fin'l Minnesota 51 11%39%
  • 282%
  • (198,000 / $70,000)
  • 181%
  • (80,000 / $44,000)
18Genworth Mortgage Insurance Co 49 75%2%
  • 268%
  • (78,000 / $29,000)
  • 256%
  • (320,000 / $125,000)
19Citibank 49 79%12%
  • 60%
  • (29,000 / $48,000)
  • 66%
  • (42,000 / $63,000)
20United Guaranty Corporation 47 78%4%
  • 225%
  • (158,000 / $70,000)
  • 368%
  • (254,000 / $69,000)

Trout Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 6,141
  2. Loan Applications Denied: 929
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 3,990
  5. % of Loan Applications Originated 64

Trout Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Collateral8
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Trout 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 - $100,0002,706 6516
$100,000 - $300,0003,249 6414
$300,000 - $500,000181 6013
$500,000 - $1,000,0003 1000
$1,000,000 - $1,500,0002 5050

Trout 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 - $100,0005,271 6315
$100,000 - $300,000839 7010
$300,000 - $500,00019 780
$500,000 - $1,000,00010 8010
$1,000,000 - $1,500,0001 1000
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Trout 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%30571 16
30 - 60%42869 12
60 - 100%54668 12
100 - 200%1,77466 13
200 - 300%1,66963 14
300 - 400%87662 16
> 400%54352 23

Trout 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 Dwelling5,656 6415
Not Owner-Occupied As A Principal Dwelling451 7211
Not Applicable9 4422

Home Owner Property Type Statistics in Trout 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)5,485 6415
One To Four-Family384 814
Manufactured Housing272 5324
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