Top Osakis, MN Mortgage Lenders

RankOsakis Mortgage LenderOsakis Home Loans ProcessedOsakis Home Loans ApprovedOsakis Home Loans DeniedOsakis Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOsakis Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 588 59%19%
  • 193%
  • (184,000 Loan / $95,000 Income)
  • 200%
  • (146,000 Loan / $73,000 Income)
2Jpmorgan Chase Bank 191 84%12%
  • 247%
  • (198,000 / $80,000)
  • 250%
  • (125,000 / $50,000)
3Countrywide Bank Fsb 180 70%20%
  • 248%
  • (72,000 / $29,000)
  • 266%
  • (384,000 / $144,000)
4State Bank & Trust 165 74%10%
  • 113%
  • (83,000 / $73,000)
  • 196%
  • (257,000 / $131,000)
5Citimortgage 151 84%8%
  • 177%
  • (80,000 / $45,000)
  • 178%
  • (175,000 / $98,000)
6Us Bank 147 86%8%
  • 258%
  • (150,000 / $58,000)
  • 291%
  • (373,000 / $128,000)
7Countrywide Home Loans 92 81%14%
  • 211%
  • (146,000 / $69,000)
  • 233%
  • (280,000 / $120,000)
8Affinity Plus Federal Credit U 82 54%10%
  • 127%
  • (42,000 / $33,000)
  • 153%
  • (198,000 / $129,000)
9Bremer Bank Na (Fargo) 77 80%5%
  • 148%
  • (199,000 / $134,000)
  • 46%
  • (24,000 / $52,000)
10Bank Of America 74 54%24%
  • 280%
  • (199,000 / $71,000)
  • 235%
  • (302,000 / $128,000)
11Central Minnesota Cu 67 77%7%
  • 142%
  • (250,000 / $176,000)
  • 281%
  • (180,000 / $64,000)
12Mortgage Guaranty Insurance Co 66 62%6%
  • 268%
  • (188,000 / $70,000)
  • 230%
  • (184,000 / $80,000)
13Beneficial Company Llc 64 4%85%
  • 258%
  • (142,000 / $55,000)
  • 243%
  • (190,000 / $78,000)
14Citibank 45 77%15%
  • 64%
  • (40,000 / $62,000)
  • 86%
  • (82,000 / $95,000)
15Rural American Bank 41 87%4%
  • 237%
  • (140,000 / $59,000)
  • 2500%
  • (50,000 / $2,000)
16Us Bank North Dakota 40 25%45%
  • 162%
  • (65,000 / $40,000)
  • 228%
  • (210,000 / $92,000)
17Citifinancial Services Inc 39 30%28%
  • 340%
  • (119,000 / $35,000)
  • 150%
  • (116,000 / $77,000)
18Wells Fargo Funding 38 97%0%
  • 231%
  • (306,000 / $132,000)
0
19Midwest Bank 30 80%13%
  • 162%
  • (132,000 / $81,000)
  • 250%
  • (185,000 / $74,000)
20Gmac Mortgage Llc 30 10%43%
  • 237%
  • (415,000 / $175,000)
  • 306%
  • (98,000 / $32,000)

Osakis, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,647
  2. Loan Applications Denied: 679
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 2,295
  5. % of Loan Applications Originated 62

Osakis, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information1

Osakis, 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 - $100,0001,155 5921
$100,000 - $300,0002,227 6417
$300,000 - $500,000244 6613
$500,000 - $1,000,00020 2045
$1,000,000 - $1,500,0001 1000

Osakis, 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 - $100,0002,793 5920
$100,000 - $300,000779 7113
$300,000 - $500,00053 767
$500,000 - $1,000,00014 4221
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0004 250

Loan to Income Ratios Research for Mortgage in Osakis, 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%15357 22
30 - 60%23264 19
60 - 100%32968 14
100 - 200%94068 14
200 - 300%1,01761 18
300 - 400%56562 16
> 400%41146 31

Osakis, 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 Dwelling2,975 6020
Not Owner-Occupied As A Principal Dwelling637 7411
Not Applicable5 2040

Home Owner Property Type Statistics in Osakis, 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)3,248 6318
Manufactured Housing208 5128
One To Four-Family191 722
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