Top Three Lakes, MN Mortgage Refinance Lenders

RankThree Lakes Mortgage Refinance LenderThree Lakes Home Refinance Loans ProcessedThree Lakes Home Refinance Loans ApprovedThree Lakes Home Refinance Loans DeniedThree Lakes Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansThree Lakes Mortgage Refinance Median LTR for Denied Loans
1Jpmorgan Chase Bank 18 88%11%
  • 244%
  • (110,000 Loan / $45,000 Income)
  • 172%
  • (112,000 Loan / $65,000 Income)
2Woodlands National Bank 16 25%56%
  • 261%
  • (144,000 / $55,000)
  • 178%
  • (75,000 / $42,000)
3Citimortgage 16 81%6%
  • 218%
  • (127,000 / $58,000)
  • 296%
  • (77,000 / $26,000)
4Citibank 11 63%9%
  • 86%
  • (51,000 / $59,000)
  • 66%
  • (40,000 / $60,000)
5Minnwest Bank Mv 9 88%0%
  • 100%
  • (46,000 / $46,000)
0
6Bremer Bank Na (Willmar) 9 77%0%
  • 154%
  • (119,000 / $77,000)
0
7Wells Fargo Fin'l Minnesota 8 37%50%
  • 189%
  • (106,000 / $56,000)
  • 318%
  • (140,000 / $44,000)
8Wells Fargo Bank 8 25%50%
  • 163%
  • (126,000 / $77,000)
  • 135%
  • (104,000 / $77,000)
9Hometown Bank 8 100%0%
  • 161%
  • (187,000 / $116,000)
0
10Countrywide Bank Fsb 7 71%14%
  • 371%
  • (78,000 / $21,000)
  • 171%
  • (72,000 / $42,000)
11Embrace Home Loans, 5 0%40% 0
  • 497%
  • (204,000 / $41,000)
12Countrywide Home Loans 5 80%0%
  • 320%
  • (48,000 / $15,000)
0
13Beneficial Company Llc 5 0%100% 0
  • 125%
  • (75,000 / $60,000)
14Wachovia Mortgage Fsb 4 25%50%
  • 420%
  • (126,000 / $30,000)
  • 216%
  • (54,000 / $25,000)
15Minnwest Mortgage Corporation 4 25%25%
  • 455%
  • (41,000 / $9,000)
  • 600%
  • (60,000 / $10,000)
16Bank Of America 4 75%25%
  • 410%
  • (156,000 / $38,000)
  • 123%
  • (110,000 / $89,000)
17Republic Mortgage Insurance Co 3 66%0%
  • 420%
  • (126,000 / $30,000)
0
18Mortgage Guaranty Insurance Co 3 0%66% 0
  • 237%
  • (380,000 / $160,000)
19Hfc Company Llc 3 33%66%
  • 153%
  • (190,000 / $124,000)
  • 151%
  • (65,000 / $43,000)
20Washington Mutual Bank 2 100%0%
  • 245%
  • (86,000 / $35,000)
0

Three Lakes, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 194
  2. Loan Applications Denied: 48
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 106
  5. % of Loan Applications Originated 54

Three Lakes, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history19
Collateral12
Debt-to-income ratio7
Credit application incomplete4
Unverifiable information3

Three Lakes, MN Mortgage Refinance Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000102 5227
$100,000 - $300,00084 5422
$300,000 - $500,0008 7512

Three Lakes, MN Home Loans Refinance Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000164 5225
$100,000 - $300,00028 6321
$300,000 - $500,0002 500

Loan to Income Ratios Research for Mortgage Refinance in Three Lakes, 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%683 0
30 - 60%955 33
60 - 100%2856 25
100 - 200%6855 25
200 - 300%4449 25
300 - 400%2347 26
> 400%1655 25

Three Lakes, MN Home Owner Occupancy Type Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling192 5425
Not Owner-Occupied As A Principal Dwelling2 1000

Home Owner Property Type Statistics in Three Lakes, MN for Home Loan Refinance

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)181 5623
One To Four-Family11 2745
Manufactured Housing2 00
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