Top West Roy Lake, MN Mortgage Lenders

RankWest Roy Lake Mortgage LenderWest Roy Lake Home Loans ProcessedWest Roy Lake Home Loans ApprovedWest Roy Lake Home Loans DeniedWest Roy Lake Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWest Roy Lake Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 12 100%0%
  • 132%
  • (90,000 Loan / $68,000 Income)
0
2Ultima Bank Minnesota 6 100%0%
  • 254%
  • (61,000 / $24,000)
0
3American Federal Bank 4 100%0%
  • 167%
  • (149,000 / $89,000)
0
4State Bank & Trust 3 100%0%
  • 109%
  • (157,000 / $143,000)
0
5Midwest Bank 3 100%0%
  • 255%
  • (120,000 / $47,000)
0
6Jpmorgan Chase Bank 3 66%33%
  • 100%
  • (86,000 / $86,000)
  • 515%
  • (98,000 / $19,000)
7Alerus Financial 3 100%0%
  • 125%
  • (140,000 / $112,000)
0
8Us Bk Na Nd 2 50%50%
  • 89%
  • (80,000 / $89,000)
  • 89%
  • (80,000 / $89,000)
9United Valley Bank 2 100%0%
  • 70%
  • (55,000 / $78,000)
0
10United Guaranty Corporation 2 50%0%
  • 225%
  • (279,000 / $124,000)
0
11Service Finance Company, Llc 2 0%100% 0
  • 53%
  • (7,000 / $13,000)
12Radian Guaranty 2 50%0%
  • 293%
  • (179,000 / $61,000)
0
13New Day Financial, Llc 2 0%50% 0
  • 582%
  • (227,000 / $39,000)
14Franklin American Mortgage Co 2 100%0%
  • 219%
  • (101,000 / $46,000)
0
15Embrace Home Loans, 2 0%100% 0
  • 482%
  • (217,000 / $45,000)
16Bank Forward 2 100%0%
  • 108%
  • (256,000 / $237,000)
0
17Amerisave Mortgage Corporation 2 0%50% 0
  • 414%
  • (365,000 / $88,000)
18Affinity Plus Federal Credit U 2 50%0%
  • 82%
  • (52,000 / $63,000)
0
19Woodlands National Bank 1 100%0%
  • 82%
  • (90,000 / $109,000)
0
20Us Bank 1 100%0%
  • 224%
  • (112,000 / $50,000)
0

West Roy Lake, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 80
  2. Loan Applications Denied: 14
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 60
  5. % of Loan Applications Originated 75

West Roy Lake, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history13
Debt-to-income ratio10
Employment history3
Credit application incomplete3
Collateral3

West Roy 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 - $100,00028 7028
$100,000 - $300,00049 7910
$300,000 - $500,0002 050
$500,000 - $1,000,0001 1000

West Roy 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 - $100,00057 6624
$100,000 - $300,00023 950

Loan to Income Ratios Research for Mortgage in West Roy 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
30 - 60%771 28
60 - 100%1681 18
100 - 200%2090 5
200 - 300%2080 15
300 - 400%580 0
> 400%1233 41

West Roy 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 Dwelling53 6622
Not Owner-Occupied As A Principal Dwelling26 927

Home Owner Property Type Statistics in West Roy 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)71 7815
One To Four-Family5 4020
Manufactured Housing4 5050
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