Top Otrey, MN Mortgage Lenders

RankOtrey Mortgage LenderOtrey Home Loans ProcessedOtrey Home Loans ApprovedOtrey Home Loans DeniedOtrey Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOtrey Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 71 64%14%
  • 156%
  • (69,000 Loan / $44,000 Income)
  • 119%
  • (50,000 Loan / $42,000 Income)
2First Bank & Trust 18 66%11%
  • 216%
  • (210,000 / $97,000)
  • 121%
  • (40,000 / $33,000)
3Minnwest Mortgage Corporation 9 88%0%
  • 228%
  • (228,000 / $100,000)
0
4Jpmorgan Chase Bank 9 77%22%
  • 100%
  • (34,000 / $34,000)
  • 117%
  • (74,000 / $63,000)
5Us Bank 8 62%25%
  • 102%
  • (130,000 / $127,000)
  • 288%
  • (101,000 / $35,000)
6Bank Of America 8 75%0%
  • 170%
  • (104,000 / $61,000)
0
7Affinity Plus Federal Credit U 7 85%0%
  • 137%
  • (190,000 / $138,000)
0
8Suntrust Mortgage 5 100%0%
  • 229%
  • (126,000 / $55,000)
0
9Countrywide Bank Fsb 5 80%20% 0
  • 61%
  • (38,000 / $62,000)
10Nationwide Advantage Mortgage 4 100%0%
  • 126%
  • (254,000 / $201,000)
0
11Beneficial Company Llc 4 0%100% 0
  • 210%
  • (99,000 / $47,000)
12Wells Fargo Funding 3 66%0% 0 0
13Kleinbank 3 66%0%
  • 229%
  • (140,000 / $61,000)
0
14Gmac Mortgage Llc 3 0%66% 0
  • 550%
  • (55,000 / $10,000)
15Citimortgage 3 100%0% 0 0
16Wells Fargo Fin'l Minnesota 2 0%0% 0 0
17United Shore Financial Service 2 50%0%
  • 472%
  • (274,000 / $58,000)
0
18Riverwood Bank 2 50%50%
  • 109%
  • (274,000 / $250,000)
  • 287%
  • (115,000 / $40,000)
19Pmi Mortgage Insurance Co. 2 50%50%
  • 146%
  • (76,000 / $52,000)
  • 61%
  • (38,000 / $62,000)
20Mortgage Network 2 50%0%
  • 117%
  • (68,000 / $58,000)
0

Otrey, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 227
  2. Loan Applications Denied: 39
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 143
  5. % of Loan Applications Originated 62

Otrey, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral25
Credit history18
Debt-to-income ratio4
Credit application incomplete4
Insufficient cash (downpayment, closing costs)2

Otrey, 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 - $100,000127 5524
$100,000 - $300,00099 728
$1,000,000 - $1,500,0001 1000

Otrey, 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 - $100,000185 6020
$100,000 - $300,00041 704
$300,000 - $500,0001 1000

Loan to Income Ratios Research for Mortgage in Otrey, 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%742 42
30 - 60%1532 33
60 - 100%3565 17
100 - 200%8464 13
200 - 300%5764 14
300 - 400%1572 26
> 400%1463 14

Otrey, 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 Dwelling187 6019
Not Owner-Occupied As A Principal Dwelling36 775
Not Applicable1 1000

Home Owner Property Type Statistics in Otrey, 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)211 6217
Manufactured Housing9 7722
One To Four-Family7 7114
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