Top Oak Valley, MN Mortgage Lenders

RankOak Valley Mortgage LenderOak Valley Home Loans ProcessedOak Valley Home Loans ApprovedOak Valley Home Loans DeniedOak Valley Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOak Valley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 249 69%14%
  • 189%
  • (417,000 Loan / $220,000 Income)
  • 171%
  • (108,000 Loan / $63,000 Income)
2Jpmorgan Chase Bank 108 79%17%
  • 244%
  • (61,000 / $25,000)
  • 220%
  • (53,000 / $24,000)
3Merchants Bank 72 90%8%
  • 207%
  • (108,000 / $52,000)
  • 222%
  • (160,000 / $72,000)
4Us Bank 63 71%15%
  • 207%
  • (56,000 / $27,000)
  • 280%
  • (115,000 / $41,000)
5Midwest Bank 61 80%14%
  • 127%
  • (47,000 / $37,000)
  • 251%
  • (103,000 / $41,000)
6Countrywide Bank Fsb 54 77%14%
  • 222%
  • (100,000 / $45,000)
  • 327%
  • (154,000 / $47,000)
7Citimortgage 46 89%6%
  • 266%
  • (192,000 / $72,000)
  • 249%
  • (264,000 / $106,000)
8Embrace Home Loans, 43 16%39%
  • 262%
  • (84,000 / $32,000)
  • 265%
  • (146,000 / $55,000)
9Genworth Mortgage Insurance Co 42 47%4%
  • 237%
  • (69,000 / $29,000)
  • 274%
  • (140,000 / $51,000)
10Bank Of America 37 54%24%
  • 277%
  • (100,000 / $36,000)
  • 297%
  • (205,000 / $69,000)
11Us Bank North Dakota 36 38%36%
  • 158%
  • (209,000 / $132,000)
  • 226%
  • (240,000 / $106,000)
12Affinity Plus Federal Credit U 34 61%5%
  • 203%
  • (65,000 / $32,000)
  • 413%
  • (95,000 / $23,000)
13Gate City Bank 33 66%12%
  • 249%
  • (417,000 / $167,000)
  • 428%
  • (193,000 / $45,000)
14Countrywide Home Loans 31 77%9%
  • 323%
  • (97,000 / $30,000)
  • 164%
  • (64,000 / $39,000)
15Mortgage Guaranty Insurance Co 28 75%7%
  • 257%
  • (108,000 / $42,000)
  • 223%
  • (141,000 / $63,000)
16Beneficial Company Llc 28 3%85%
  • 194%
  • (105,000 / $54,000)
  • 175%
  • (95,000 / $54,000)
17State Bank & Trust 27 70%14%
  • 180%
  • (56,000 / $31,000)
  • 368%
  • (107,000 / $29,000)
18Citifinancial Services Inc 23 30%39%
  • 97%
  • (33,000 / $34,000)
  • 72%
  • (35,000 / $48,000)
19Quicken Loans 20 70%30%
  • 329%
  • (188,000 / $57,000)
  • 406%
  • (126,000 / $31,000)
20Wells Fargo Funding 19 100%0%
  • 120%
  • (125,000 / $104,000)
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Oak Valley, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,680
  2. Loan Applications Denied: 325
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 1,073
  5. % of Loan Applications Originated 63

Oak Valley, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio8
Credit history7
Credit application incomplete3
Unverifiable information1

Oak Valley, 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 - $100,000626 6322
$100,000 - $300,000942 6217
$300,000 - $500,000106 7514
$500,000 - $1,000,0006 1000

Oak Valley, 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 - $100,0001,328 6021
$100,000 - $300,000306 7411
$300,000 - $500,00029 853
$500,000 - $1,000,00014 490
$1,000,000 - $1,500,0001 1000
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Oak Valley, 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%5260 17
30 - 60%9865 18
60 - 100%14967 15
100 - 200%50567 17
200 - 300%46864 17
300 - 400%21563 18
> 400%19346 32

Oak Valley, 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 Dwelling1,354 6021
Not Owner-Occupied As A Principal Dwelling309 7611
Not Applicable1 00

Home Owner Property Type Statistics in Oak Valley, 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)1,531 6320
One To Four-Family103 703
Manufactured Housing46 5819
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