Top West Lakeland, MN Mortgage Lenders

RankWest Lakeland Mortgage LenderWest Lakeland Home Loans ProcessedWest Lakeland Home Loans ApprovedWest Lakeland Home Loans DeniedWest Lakeland Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWest Lakeland Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 906 69%10%
  • 209%
  • (197,000 Loan / $94,000 Income)
  • 225%
  • (300,000 Loan / $133,000 Income)
2Us Bank 219 73%12%
  • 251%
  • (367,000 / $146,000)
  • 316%
  • (960,000 / $303,000)
3Jpmorgan Chase Bank 219 89%8%
  • 201%
  • (302,000 / $150,000)
  • 219%
  • (417,000 / $190,000)
4Citimortgage 139 84%5%
  • 246%
  • (96,000 / $39,000)
  • 262%
  • (262,000 / $100,000)
5Bank Of America 108 83%10%
  • 211%
  • (305,000 / $144,000)
  • 293%
  • (396,000 / $135,000)
6Lake Elmo Bank 98 70%13%
  • 162%
  • (184,000 / $113,000)
  • 198%
  • (153,000 / $77,000)
7First State Bank And Trust 95 64%23%
  • 176%
  • (99,000 / $56,000)
  • 279%
  • (120,000 / $43,000)
8The Business Bank 84 91%7%
  • 231%
  • (81,000 / $35,000)
  • 199%
  • (255,000 / $128,000)
9Provident Funding Associates 78 71%21%
  • 271%
  • (160,000 / $59,000)
  • 350%
  • (252,000 / $72,000)
10Citibank 78 69%15%
  • 202%
  • (389,000 / $192,000)
  • 178%
  • (150,000 / $84,000)
11Countrywide Bank Fsb 73 73%15%
  • 213%
  • (417,000 / $195,000)
  • 366%
  • (304,000 / $83,000)
12Wells Fargo Funding 67 95%2%
  • 269%
  • (337,000 / $125,000)
  • 2194%
  • (417,000 / $19,000)
13Tcf National Bank 62 25%35%
  • 326%
  • (326,000 / $100,000)
  • 402%
  • (185,000 / $46,000)
14Affinity Plus Federal Credit U 62 72%1%
  • 162%
  • (347,000 / $213,000)
  • 400%
  • (417,000 / $104,000)
15Phh Home Loans 49 85%2%
  • 252%
  • (417,000 / $165,000)
  • 136%
  • (153,000 / $112,000)
16Bell America Mortgage Llc Dba 48 58%0%
  • 313%
  • (260,000 / $83,000)
0
17Us Bk Na Nd 46 69%23%
  • 129%
  • (150,000 / $116,000)
  • 230%
  • (92,000 / $40,000)
18Central Bank 41 48%4%
  • 281%
  • (417,000 / $148,000)
  • 1270%
  • (305,000 / $24,000)
19Us Bank North Dakota 38 31%42%
  • 200%
  • (50,000 / $25,000)
  • 208%
  • (286,000 / $137,000)
20Quicken Loans 38 68%21%
  • 272%
  • (362,000 / $133,000)
  • 438%
  • (215,000 / $49,000)

West Lakeland, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,015
  2. Loan Applications Denied: 523
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 2,794
  5. % of Loan Applications Originated 69

West Lakeland, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio12
Credit history8
Credit application incomplete4
Unverifiable information3

West Lakeland, 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 - $100,000486 6517
$100,000 - $300,0002,023 6812
$300,000 - $500,0001,349 7210
$500,000 - $1,000,000142 4828
$1,000,000 - $1,500,00013 6023
$1,500,000 - $2,000,0002 0100

West Lakeland, 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 - $100,0001,836 6416
$100,000 - $300,0001,966 739
$300,000 - $500,000145 6912
$500,000 - $1,000,00047 5019
$1,000,000 - $1,500,00010 7020
$1,500,000 - $2,000,0005 6020
> $2,000,0006 990

Loan to Income Ratios Research for Mortgage in West Lakeland, 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%11864 16
30 - 60%18165 14
60 - 100%28974 11
100 - 200%1,00074 8
200 - 300%1,12770 11
300 - 400%73168 12
> 400%56955 23

West Lakeland, 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 Dwelling3,907 7012
Not Owner-Occupied As A Principal Dwelling101 5520
Not Applicable3 660

Home Owner Property Type Statistics in West Lakeland, 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)3,883 6913
One To Four-Family126 707
Manufactured Housing6 066
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