Top Wayzata, MN Mortgage Lenders

RankWayzata Mortgage LenderWayzata Home Loans ProcessedWayzata Home Loans ApprovedWayzata Home Loans DeniedWayzata Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWayzata Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 394 65%12%
  • 189%
  • (331,000 Loan / $175,000 Income)
  • 216%
  • (638,000 Loan / $295,000 Income)
2Jpmorgan Chase Bank 99 87%12%
  • 254%
  • (1,920,000 / $754,000)
  • 245%
  • (2,240,000 / $914,000)
3Us Bank 97 81%7%
  • 242%
  • (339,000 / $140,000)
  • 294%
  • (100,000 / $34,000)
4Citimortgage 60 81%3%
  • 287%
  • (178,000 / $62,000)
  • 382%
  • (417,000 / $109,000)
5Bank Of America 49 79%12%
  • 175%
  • (358,000 / $204,000)
  • 231%
  • (417,000 / $180,000)
6The Business Bank 48 93%6%
  • 261%
  • (141,000 / $54,000)
  • 395%
  • (320,000 / $81,000)
7Phh Home Loans 38 78%2%
  • 219%
  • (219,000 / $100,000)
  • 191%
  • (153,000 / $80,000)
8Countrywide Bank Fsb 30 63%16%
  • 202%
  • (255,000 / $126,000)
  • 256%
  • (960,000 / $375,000)
9Citibank 28 82%10%
  • 182%
  • (417,000 / $229,000)
  • 62%
  • (157,000 / $252,000)
10Us Bank North Dakota 25 16%44%
  • 403%
  • (686,000 / $170,000)
  • 213%
  • (276,000 / $129,000)
11Bell America Mortgage Llc Dba 25 84%4%
  • 251%
  • (400,000 / $159,000)
  • 76%
  • (316,000 / $415,000)
12Countrywide Home Loans 23 73%21%
  • 86%
  • (280,000 / $322,000)
  • 173%
  • (291,000 / $168,000)
13Wells Fargo Funding 19 94%5%
  • 187%
  • (219,000 / $117,000)
  • 124%
  • (417,000 / $334,000)
14Provident Funding Associates 19 57%15%
  • 240%
  • (293,000 / $122,000)
  • 433%
  • (325,000 / $75,000)
15Summit Mortgage Corporation 17 88%5%
  • 213%
  • (213,000 / $100,000)
  • 207%
  • (299,000 / $144,000)
16State Bank & Trust 17 76%5%
  • 225%
  • (90,000 / $40,000)
  • 180%
  • (650,000 / $360,000)
17Ing Bank, Fsb 17 47%23%
  • 111%
  • (613,000 / $549,000)
  • 207%
  • (2,288,000 / $1,102,000)
18Us Bk Na Nd 13 23%61%
  • 153%
  • (157,000 / $102,000)
  • 210%
  • (210,000 / $100,000)
19Associated Bank Na 13 84%7%
  • 176%
  • (828,000 / $469,000)
  • 371%
  • (1,000,000 / $269,000)
20Ally Bank F/K/A/ Gmac Bank 13 53%30%
  • 119%
  • (50,000 / $42,000)
  • 550%
  • (660,000 / $120,000)

Wayzata, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,538
  2. Loan Applications Denied: 223
  3. % of Loan Applications Denied: 14
  4. # of Loan Originations: 1,045
  5. % of Loan Applications Originated 67

Wayzata, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral18
Debt-to-income ratio14
Credit history10
Credit application incomplete10
Unverifiable information5

Wayzata, 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 - $100,000124 5025
$100,000 - $300,000630 7010
$300,000 - $500,000499 7112
$500,000 - $1,000,000184 5923
$1,000,000 - $1,500,00061 6226
$1,500,000 - $2,000,00018 6627
> $2,000,00022 4413

Wayzata, 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 - $100,000488 6216
$100,000 - $300,000729 7211
$300,000 - $500,000147 7214
$500,000 - $1,000,000115 5125
$1,000,000 - $1,500,00024 5416
$1,500,000 - $2,000,0008 5037
> $2,000,00027 6211

Loan to Income Ratios Research for Mortgage in Wayzata, 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%5460 20
30 - 60%6356 17
60 - 100%15360 16
100 - 200%43973 11
200 - 300%41070 11
300 - 400%24070 13
> 400%17955 26

Wayzata, 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 Dwelling1,411 6715
Not Owner-Occupied As A Principal Dwelling127 778

Home Owner Property Type Statistics in Wayzata, 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)1,511 6714
One To Four-Family25 8012
Manufactured Housing2 00
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