Top Cokato, MN Mortgage Lenders

RankCokato Mortgage LenderCokato Home Loans ProcessedCokato Home Loans ApprovedCokato Home Loans DeniedCokato Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCokato Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 464 61%18%
  • 197%
  • (227,000 Loan / $115,000 Income)
  • 228%
  • (130,000 Loan / $57,000 Income)
2Kleinbank 79 67%8%
  • 276%
  • (224,000 / $81,000)
  • 417%
  • (121,000 / $29,000)
3Jpmorgan Chase Bank 66 72%19%
  • 296%
  • (148,000 / $50,000)
  • 175%
  • (252,000 / $144,000)
4State Bank Of Cokato 57 96%3%
  • 147%
  • (125,000 / $85,000)
  • 242%
  • (138,000 / $57,000)
5Citimortgage 57 64%8%
  • 176%
  • (106,000 / $60,000)
  • 240%
  • (298,000 / $124,000)
6Countrywide Bank Fsb 47 61%25%
  • 205%
  • (121,000 / $59,000)
  • 317%
  • (130,000 / $41,000)
7Bank Of America 47 63%23%
  • 181%
  • (247,000 / $136,000)
  • 216%
  • (221,000 / $102,000)
8Us Bank 46 71%15%
  • 242%
  • (160,000 / $66,000)
  • 252%
  • (86,000 / $34,000)
9Wells Fargo Funding 40 97%2% 0
  • 281%
  • (225,000 / $80,000)
10Countrywide Home Loans 38 60%21%
  • 276%
  • (188,000 / $68,000)
  • 363%
  • (178,000 / $49,000)
11Tcf National Bank 37 40%40%
  • 361%
  • (130,000 / $36,000)
  • 232%
  • (170,000 / $73,000)
12Hfc Company Llc 32 6%84%
  • 287%
  • (178,000 / $62,000)
  • 274%
  • (170,000 / $62,000)
13Mortgage Guaranty Insurance Co 30 60%10%
  • 300%
  • (144,000 / $48,000)
  • 370%
  • (215,000 / $58,000)
14Us Bank North Dakota 26 23%57%
  • 87%
  • (55,000 / $63,000)
  • 107%
  • (111,000 / $103,000)
15Citibank 26 76%19%
  • 100%
  • (50,000 / $50,000)
  • 50%
  • (39,000 / $77,000)
16Cornerstone Mortgage Company 24 62%8%
  • 294%
  • (162,000 / $55,000)
  • 276%
  • (138,000 / $50,000)
17Radian Guaranty 23 82%0%
  • 233%
  • (140,000 / $60,000)
0
18Crescent Mortgage Company 21 85%4%
  • 155%
  • (81,000 / $52,000)
  • 464%
  • (251,000 / $54,000)
19Genworth Mortgage Insurance Co 19 57%5%
  • 247%
  • (146,000 / $59,000)
  • 352%
  • (275,000 / $78,000)
20Wells Fargo Fin'l Minnesota 17 11%70%
  • 331%
  • (189,000 / $57,000)
  • 200%
  • (58,000 / $29,000)

Cokato, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,032
  2. Loan Applications Denied: 455
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 1,190
  5. % of Loan Applications Originated 58

Cokato, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral15
Debt-to-income ratio11
Credit history10
Credit application incomplete4
Unverifiable information2

Cokato, 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 - $100,000637 5724
$100,000 - $300,0001,290 5821
$300,000 - $500,00096 6220
$500,000 - $1,000,0008 2550
$1,000,000 - $1,500,0001 0100

Cokato, 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 - $100,0001,709 5722
$100,000 - $300,000300 5923
$300,000 - $500,00018 7227
$500,000 - $1,000,0004 1000
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Cokato, 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%10154 30
30 - 60%12254 30
60 - 100%16464 18
100 - 200%48661 17
200 - 300%58358 20
300 - 400%34758 20
> 400%22947 34

Cokato, 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 Dwelling1,835 5821
Not Owner-Occupied As A Principal Dwelling187 5828
Not Applicable1 00

Home Owner Property Type Statistics in Cokato, 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)1,887 5823
One To Four-Family117 676
Manufactured Housing28 4239
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