Top Cottage Grove, MN Mortgage Lenders

RankCottage Grove Mortgage LenderCottage Grove Home Loans ProcessedCottage Grove Home Loans ApprovedCottage Grove Home Loans DeniedCottage Grove Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCottage Grove Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 4,582 72%10%
  • 207%
  • (106,000 Loan / $51,000 Income)
  • 218%
  • (247,000 Loan / $113,000 Income)
2Jpmorgan Chase Bank 1,063 89%8%
  • 208%
  • (277,000 / $133,000)
  • 192%
  • (328,000 / $170,000)
3Us Bank 942 82%12%
  • 237%
  • (233,000 / $98,000)
  • 270%
  • (189,000 / $70,000)
4Bank Of America 626 80%11%
  • 235%
  • (132,000 / $56,000)
  • 268%
  • (309,000 / $115,000)
5Citimortgage 592 82%4%
  • 234%
  • (410,000 / $175,000)
  • 271%
  • (193,000 / $71,000)
6Tcf National Bank 540 23%49%
  • 212%
  • (115,000 / $54,000)
  • 279%
  • (215,000 / $77,000)
7Affinity Plus Federal Credit U 425 65%2%
  • 144%
  • (98,000 / $68,000)
  • 218%
  • (129,000 / $59,000)
8Countrywide Bank Fsb 413 78%10%
  • 257%
  • (237,000 / $92,000)
  • 308%
  • (210,000 / $68,000)
9Wells Fargo Funding 386 98%1%
  • 246%
  • (256,000 / $104,000)
  • 304%
  • (189,000 / $62,000)
10Citibank 365 77%12%
  • 166%
  • (339,000 / $203,000)
  • 125%
  • (142,000 / $113,000)
11Phh Home Loans 337 84%2%
  • 272%
  • (136,000 / $50,000)
  • 363%
  • (160,000 / $44,000)
12Mortgage Guaranty Insurance Co 327 77%7%
  • 283%
  • (306,000 / $108,000)
  • 269%
  • (210,000 / $78,000)
13The Business Bank 298 94%3%
  • 250%
  • (163,000 / $65,000)
  • 366%
  • (220,000 / $60,000)
14United Guaranty Corporation 272 84%2%
  • 260%
  • (167,000 / $64,000)
  • 249%
  • (207,000 / $83,000)
15Us Bk Na Nd 248 56%29%
  • 125%
  • (150,000 / $120,000)
  • 172%
  • (69,000 / $40,000)
16Radian Guaranty 246 86%1%
  • 258%
  • (173,000 / $67,000)
  • 294%
  • (200,000 / $68,000)
17Countrywide Home Loans 228 80%11%
  • 253%
  • (380,000 / $150,000)
  • 235%
  • (368,000 / $156,000)
18Quicken Loans 215 74%15%
  • 244%
  • (183,000 / $75,000)
  • 292%
  • (184,000 / $63,000)
19Flagstar Bank 206 86%5%
  • 269%
  • (226,000 / $84,000)
  • 278%
  • (276,000 / $99,000)
20Us Bank North Dakota 205 36%43%
  • 119%
  • (105,000 / $88,000)
  • 175%
  • (70,000 / $40,000)

Cottage Grove, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 21,468
  2. Loan Applications Denied: 2,944
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 15,066
  5. % of Loan Applications Originated 70

Cottage Grove, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Debt-to-income ratio8
Credit history7
Credit application incomplete3
Unverifiable information1

Cottage Grove, 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 - $100,0003,247 6219
$100,000 - $300,00014,641 7112
$300,000 - $500,0003,458 7012
$500,000 - $1,000,000118 3533
$1,000,000 - $1,500,0003 3333
$1,500,000 - $2,000,0001 0100

Cottage Grove, 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 - $100,00013,487 6715
$100,000 - $300,0007,724 7310
$300,000 - $500,000183 758
$500,000 - $1,000,00054 6220
$1,000,000 - $1,500,00013 5315
$1,500,000 - $2,000,0005 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Cottage Grove, 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%65558 22
30 - 60%85965 17
60 - 100%1,27368 15
100 - 200%5,40973 10
200 - 300%7,09072 11
300 - 400%3,93669 13
> 400%2,24655 23

Cottage Grove, 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 Dwelling20,870 7013
Not Owner-Occupied As A Principal Dwelling571 6419
Not Applicable4 2575

Home Owner Property Type Statistics in Cottage Grove, 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)20,053 6914
One To Four-Family1,310 794
Manufactured Housing105 2354
More Cottage Grove, MN Mortgage Research: