Top Oak, MN Mortgage Lenders

RankOak Mortgage LenderOak Home Loans ProcessedOak Home Loans ApprovedOak Home Loans DeniedOak Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOak Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 556 71%12%
  • 201%
  • (127,000 Loan / $63,000 Income)
  • 231%
  • (167,000 Loan / $72,000 Income)
2Central Mn Cu 421 72%8%
  • 177%
  • (142,000 / $80,000)
  • 238%
  • (186,000 / $78,000)
3Central Minnesota Cu 375 81%3%
  • 169%
  • (88,000 / $52,000)
  • 180%
  • (36,000 / $20,000)
4Liberty Savings Bank Fsb 277 92%2%
  • 231%
  • (220,000 / $95,000)
  • 234%
  • (234,000 / $100,000)
5Jpmorgan Chase Bank 231 85%10%
  • 281%
  • (149,000 / $53,000)
  • 259%
  • (122,000 / $47,000)
6State Bank Of Richmond 178 75%13%
  • 193%
  • (64,000 / $33,000)
  • 220%
  • (55,000 / $25,000)
7Bank Of America 160 79%14%
  • 223%
  • (103,000 / $46,000)
  • 291%
  • (207,000 / $71,000)
8Us Bank 136 73%19%
  • 215%
  • (112,000 / $52,000)
  • 256%
  • (95,000 / $37,000)
9Citimortgage 101 80%8%
  • 250%
  • (230,000 / $92,000)
  • 281%
  • (180,000 / $64,000)
10First Natl Bank Of Cold Spring 87 64%14%
  • 200%
  • (104,000 / $52,000)
  • 202%
  • (190,000 / $94,000)
11Freeport State Bank 84 73%16%
  • 169%
  • (217,000 / $128,000)
  • 226%
  • (43,000 / $19,000)
12Radian Guaranty 76 94%0%
  • 241%
  • (145,000 / $60,000)
0
13Countrywide Bank Fsb 73 79%9%
  • 234%
  • (150,000 / $64,000)
  • 317%
  • (162,000 / $51,000)
14Stearns Bank Na 72 73%12%
  • 215%
  • (220,000 / $102,000)
  • 247%
  • (218,000 / $88,000)
15Bremer Bank Na (St Cloud) 72 66%4%
  • 237%
  • (264,000 / $111,000)
  • 31%
  • (19,000 / $60,000)
16Wells Fargo Funding 70 98%1%
  • 273%
  • (241,000 / $88,000)
  • 162%
  • (130,000 / $80,000)
17Summit Mortgage Corporation 68 91%2%
  • 235%
  • (134,000 / $57,000)
  • 591%
  • (266,000 / $45,000)
18Genworth Mortgage Insurance Co 65 76%3%
  • 296%
  • (86,000 / $29,000)
  • 285%
  • (180,000 / $63,000)
19Avon State Bank 60 81%16%
  • 157%
  • (198,000 / $126,000)
  • 326%
  • (222,000 / $68,000)
20Countrywide Home Loans 55 81%7%
  • 221%
  • (62,000 / $28,000)
  • 148%
  • (499,000 / $336,000)

Oak, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,770
  2. Loan Applications Denied: 630
  3. % of Loan Applications Denied: 13
  4. # of Loan Originations: 3,418
  5. % of Loan Applications Originated 71

Oak, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral12
Credit history11
Debt-to-income ratio9
Credit application incomplete2
Unverifiable information1

Oak, 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 - $100,0001,467 7113
$100,000 - $300,0003,120 7112
$300,000 - $500,000162 6217
$500,000 - $1,000,00021 3842

Oak, 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 - $100,0003,869 7013
$100,000 - $300,000824 749
$300,000 - $500,00051 6517
$500,000 - $1,000,00019 785
$1,000,000 - $1,500,0003 6633
$1,500,000 - $2,000,0001 00
> $2,000,0003 1000

Loan to Income Ratios Research for Mortgage in Oak, 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%19471 15
30 - 60%23874 12
60 - 100%38573 11
100 - 200%1,29172 11
200 - 300%1,45173 11
300 - 400%73169 12
> 400%48057 24

Oak, 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 Dwelling4,258 7113
Not Owner-Occupied As A Principal Dwelling490 7410
Not Applicable5 8020

Home Owner Property Type Statistics in Oak, 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)4,426 7113
One To Four-Family247 803
Manufactured Housing97 6717
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