Top Cerro Gordo, MN Mortgage Lenders

RankCerro Gordo Mortgage LenderCerro Gordo Home Loans ProcessedCerro Gordo Home Loans ApprovedCerro Gordo Home Loans DeniedCerro Gordo Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCerro Gordo Mortgage Median LTR for Denied Loans
1Kleinbank 95 58%8%
  • 94%
  • (158,000 Loan / $167,000 Income)
  • 157%
  • (142,000 Loan / $90,000 Income)
2Wells Fargo Bank 38 52%26%
  • 124%
  • (31,000 / $25,000)
  • 88%
  • (48,000 / $54,000)
3Wells Fargo Funding 14 100%0% 0 0
4United Prairie Bank 14 50%42%
  • 57%
  • (45,000 / $78,000)
  • 28%
  • (6,000 / $21,000)
5Jpmorgan Chase Bank 12 75%25%
  • 181%
  • (100,000 / $55,000)
  • 86%
  • (56,000 / $65,000)
6Countrywide Bank Fsb 7 85%14%
  • 163%
  • (49,000 / $30,000)
  • 82%
  • (53,000 / $64,000)
7Merchants Bank 6 100%0%
  • 179%
  • (61,000 / $34,000)
0
8Beneficial Company Llc 6 0%100% 0
  • 75%
  • (45,000 / $60,000)
9Gmac Mortgage Llc 5 0%100% 0
  • 177%
  • (55,000 / $31,000)
10Embrace Home Loans, 5 20%20%
  • 266%
  • (40,000 / $15,000)
  • 157%
  • (82,000 / $52,000)
11Bank Of America 5 40%40%
  • 153%
  • (60,000 / $39,000)
  • 475%
  • (57,000 / $12,000)
12Countrywide Home Loans 4 100%0%
  • 85%
  • (55,000 / $64,000)
0
13Citimortgage 4 25%0%
  • 122%
  • (72,000 / $59,000)
0
14National City Bank 3 66%0%
  • 126%
  • (38,000 / $30,000)
0
15Home Loan Investment Bank 3 0%66% 0
  • 433%
  • (65,000 / $15,000)
16Flagstar Bank 3 100%0%
  • 220%
  • (88,000 / $40,000)
0
17E-Loan Inc 3 0%33% 0
  • 525%
  • (63,000 / $12,000)
18Citifinancial Services Inc 3 66%33%
  • 192%
  • (25,000 / $13,000)
  • 67%
  • (31,000 / $46,000)
19Wells Fargo Fin'l Minnesota 2 50%50%
  • 159%
  • (94,000 / $59,000)
  • 96%
  • (56,000 / $58,000)
20Us Bank North Dakota 2 0%50% 0
  • 104%
  • (90,000 / $86,000)

Cerro Gordo, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 296
  2. Loan Applications Denied: 70
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 156
  5. % of Loan Applications Originated 52

Cerro Gordo, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history36
Debt-to-income ratio22
Collateral15
Credit application incomplete9
Unverifiable information2

Cerro Gordo, 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 - $100,000252 5125
$100,000 - $300,00044 5613

Cerro Gordo, 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 - $100,000279 5124
$100,000 - $300,00016 686
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for Mortgage in Cerro Gordo, 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%3046 30
30 - 60%2560 8
60 - 100%6452 29
100 - 200%10554 21
200 - 300%4451 15
300 - 400%2151 28
> 400%714 57

Cerro Gordo, 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 Dwelling278 5322
Not Owner-Occupied As A Principal Dwelling18 4438

Home Owner Property Type Statistics in Cerro Gordo, 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)295 5223
Manufactured Housing1 00
More Cerro Gordo, MN Mortgage Research: