Top Oakport, MN Mortgage Lenders

RankOakport Mortgage LenderOakport Home Loans ProcessedOakport Home Loans ApprovedOakport Home Loans DeniedOakport Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOakport Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 284 69%14%
  • 185%
  • (104,000 Loan / $56,000 Income)
  • 163%
  • (77,000 Loan / $47,000 Income)
2State Bank & Trust 202 81%7%
  • 100%
  • (106,000 / $106,000)
  • 197%
  • (95,000 / $48,000)
3Gate City Bank 167 80%5%
  • 170%
  • (106,000 / $62,000)
  • 190%
  • (141,000 / $74,000)
4Bremer Bank Na (Fargo) 78 75%2%
  • 113%
  • (90,000 / $79,000)
  • 416%
  • (350,000 / $84,000)
5Town And Country Credit Union 56 92%1%
  • 178%
  • (143,000 / $80,000)
  • 242%
  • (276,000 / $114,000)
6Citimortgage 51 88%5%
  • 294%
  • (200,000 / $68,000)
  • 150%
  • (164,000 / $109,000)
7Us Bank 48 87%10%
  • 201%
  • (135,000 / $67,000)
  • 564%
  • (220,000 / $39,000)
8Jpmorgan Chase Bank 44 88%6%
  • 190%
  • (152,000 / $80,000)
  • 100%
  • (120,000 / $119,000)
9Northwestern Bank 37 78%8%
  • 105%
  • (119,000 / $113,000)
  • 147%
  • (75,000 / $51,000)
10Affinity Plus Federal Credit U 35 74%5%
  • 156%
  • (108,000 / $69,000)
  • 357%
  • (161,000 / $45,000)
11Alerus Financial 34 79%5%
  • 185%
  • (130,000 / $70,000)
  • 23%
  • (25,000 / $108,000)
12Wells Fargo Funding 31 100%0%
  • 128%
  • (109,000 / $85,000)
0
13First International Bank & Tru 31 80%3%
  • 278%
  • (114,000 / $41,000)
  • 483%
  • (145,000 / $30,000)
14Cornerstone Bank 30 70%16%
  • 216%
  • (117,000 / $54,000)
  • 364%
  • (175,000 / $48,000)
15Mortgage Guaranty Insurance Co 24 79%0%
  • 217%
  • (204,000 / $94,000)
0
16Us Bank North Dakota 19 47%36%
  • 149%
  • (136,000 / $91,000)
  • 72%
  • (62,000 / $85,000)
17United Guaranty Corporation 19 78%5%
  • 226%
  • (213,000 / $94,000)
  • 340%
  • (153,000 / $45,000)
18Union State Bank Of Fargo 19 47%36%
  • 55%
  • (136,000 / $246,000)
  • 15%
  • (124,000 / $778,000)
19Countrywide Bank Fsb 18 88%5%
  • 173%
  • (142,000 / $82,000)
  • 127%
  • (158,000 / $124,000)
20American Federal Bank 18 77%5%
  • 147%
  • (368,000 / $249,000)
  • 322%
  • (290,000 / $90,000)

Oakport, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,692
  2. Loan Applications Denied: 213
  3. % of Loan Applications Denied: 12
  4. # of Loan Originations: 1,223
  5. % of Loan Applications Originated 72

Oakport, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history14
Collateral10
Debt-to-income ratio8
Credit application incomplete2
Insufficient cash (downpayment, closing costs)1

Oakport, 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 - $100,000560 7113
$100,000 - $300,0001,095 7111
$300,000 - $500,00036 6816
$500,000 - $1,000,0001 0100

Oakport, 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 - $100,0001,259 7013
$100,000 - $300,000410 798
$300,000 - $500,0009 4444
$500,000 - $1,000,00012 3366
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Oakport, 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%15176 16
30 - 60%12871 14
60 - 100%17476 8
100 - 200%52771 11
200 - 300%40172 9
300 - 400%21265 12
> 400%9964 25

Oakport, 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 Dwelling1,657 7212
Not Owner-Occupied As A Principal Dwelling33 5733
Not Applicable2 1000

Home Owner Property Type Statistics in Oakport, 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)1,593 7212
One To Four-Family68 791
Manufactured Housing31 4132
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