Top Hokah, MN Mortgage Lenders

RankHokah Mortgage LenderHokah Home Loans ProcessedHokah Home Loans ApprovedHokah Home Loans DeniedHokah Mortgage Median Loan to Income Ratio (LTR) for Approved LoansHokah Mortgage Median LTR for Denied Loans
1Merchants Bank 286 80%8%
  • 149%
  • (79,000 Loan / $53,000 Income)
  • 300%
  • (99,000 Loan / $33,000 Income)
2Altra Federal Credit Union 245 81%2%
  • 170%
  • (46,000 / $27,000)
  • 280%
  • (154,000 / $55,000)
3Home Federal Savings Bank 85 52%15%
  • 208%
  • (177,000 / $85,000)
  • 192%
  • (133,000 / $69,000)
4Wells Fargo Bank 70 61%25%
  • 200%
  • (247,000 / $123,000)
  • 242%
  • (138,000 / $57,000)
5Associated Bank 50 64%24%
  • 147%
  • (375,000 / $254,000)
  • 91%
  • (42,000 / $46,000)
6State Bank Financial 32 34%21%
  • 43%
  • (168,000 / $385,000)
  • 238%
  • (129,000 / $54,000)
7Community Credit Union 31 87%0%
  • 135%
  • (92,000 / $68,000)
0
8Bank Of The West 25 68%24%
  • 160%
  • (66,000 / $41,000)
  • 244%
  • (193,000 / $79,000)
9Cmg Mortgage Insurance Co. 24 87%8%
  • 221%
  • (133,000 / $60,000)
  • 409%
  • (266,000 / $65,000)
10Genworth Mortgage Insurance Co 22 72%13%
  • 269%
  • (205,000 / $76,000)
  • 262%
  • (84,000 / $32,000)
11Associated Bank Na 22 72%18%
  • 162%
  • (166,000 / $102,000)
  • 237%
  • (128,000 / $54,000)
12Mortgage Guaranty Insurance Co 19 68%10%
  • 240%
  • (245,000 / $102,000)
  • 244%
  • (193,000 / $79,000)
13United Guaranty Corporation 17 70%0%
  • 376%
  • (98,000 / $26,000)
0
14Marine Credit Union 17 70%5%
  • 85%
  • (51,000 / $60,000)
  • 875%
  • (70,000 / $8,000)
15Firefighters Credit Union 15 66%20%
  • 419%
  • (382,000 / $91,000)
  • 686%
  • (206,000 / $30,000)
16Security State Bank - Lewiston 13 92%7%
  • 173%
  • (45,000 / $26,000)
  • 31%
  • (120,000 / $381,000)
17Bank Of America 13 76%7%
  • 141%
  • (92,000 / $65,000)
  • 332%
  • (113,000 / $34,000)
18Eastwood Bank 12 66%16%
  • 280%
  • (168,000 / $60,000)
  • 683%
  • (82,000 / $12,000)
19Jpmorgan Chase Bank 11 45%54%
  • 454%
  • (100,000 / $22,000)
  • 241%
  • (111,000 / $46,000)
20Countrywide Bank Fsb 10 70%10%
  • 376%
  • (196,000 / $52,000)
  • 270%
  • (203,000 / $75,000)

Hokah, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,248
  2. Loan Applications Denied: 159
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 884
  5. % of Loan Applications Originated 70

Hokah, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Debt-to-income ratio9
Collateral6
Credit application incomplete2
Unverifiable information1

Hokah, 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 - $100,000488 7512
$100,000 - $300,000719 6713
$300,000 - $500,00033 6012
$500,000 - $1,000,0008 370

Hokah, 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 - $100,0001,038 6913
$100,000 - $300,000189 766
$300,000 - $500,00012 5825
$500,000 - $1,000,0007 850
$1,000,000 - $1,500,0001 1000
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Hokah, 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%6889 5
30 - 60%8372 15
60 - 100%13074 11
100 - 200%36977 7
200 - 300%30869 12
300 - 400%13460 14
> 400%15649 26

Hokah, 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 Dwelling1,175 7012
Not Owner-Occupied As A Principal Dwelling68 7213
Not Applicable2 00

Home Owner Property Type Statistics in Hokah, 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)1,135 7013
One To Four-Family87 749
Manufactured Housing26 843
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