Top Otsego, MN Mortgage Lenders

RankOtsego Mortgage LenderOtsego Home Loans ProcessedOtsego Home Loans ApprovedOtsego Home Loans DeniedOtsego Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOtsego Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 3,230 68%15%
  • 212%
  • (225,000 Loan / $106,000 Income)
  • 224%
  • (229,000 Loan / $102,000 Income)
2Us Bank 900 82%9%
  • 237%
  • (140,000 / $59,000)
  • 243%
  • (141,000 / $58,000)
3Jpmorgan Chase Bank 862 86%12%
  • 246%
  • (384,000 / $156,000)
  • 253%
  • (165,000 / $65,000)
4Citimortgage 579 82%7%
  • 219%
  • (178,000 / $81,000)
  • 259%
  • (228,000 / $88,000)
5Bank Of America 560 80%11%
  • 225%
  • (340,000 / $151,000)
  • 258%
  • (160,000 / $62,000)
6Countrywide Bank Fsb 425 66%20%
  • 228%
  • (105,000 / $46,000)
  • 238%
  • (112,000 / $47,000)
7Wells Fargo Funding 389 98%0%
  • 224%
  • (83,000 / $37,000)
  • 334%
  • (184,000 / $55,000)
8The Business Bank 359 90%6%
  • 255%
  • (156,000 / $61,000)
  • 244%
  • (169,000 / $69,000)
9Citibank 349 77%7%
  • 145%
  • (124,000 / $85,000)
  • 103%
  • (90,000 / $87,000)
10Liberty Savings Bank Fsb 273 92%4%
  • 210%
  • (221,000 / $105,000)
  • 172%
  • (126,000 / $73,000)
11Bell America Mortgage Llc Dba 243 67%1%
  • 304%
  • (128,000 / $42,000)
  • 257%
  • (198,000 / $77,000)
12Mortgage Guaranty Insurance Co 237 70%5%
  • 305%
  • (205,000 / $67,000)
  • 240%
  • (214,000 / $89,000)
13Countrywide Home Loans 232 84%11%
  • 263%
  • (158,000 / $60,000)
  • 171%
  • (240,000 / $140,000)
14Phh Home Loans 203 80%4%
  • 272%
  • (68,000 / $25,000)
  • 281%
  • (104,000 / $37,000)
15United Guaranty Corporation 201 78%4%
  • 259%
  • (215,000 / $83,000)
  • 283%
  • (176,000 / $62,000)
16Quicken Loans 178 70%24%
  • 261%
  • (209,000 / $80,000)
  • 270%
  • (203,000 / $75,000)
17Waterstone Mortgage Corp 159 85%5%
  • 257%
  • (340,000 / $132,000)
  • 300%
  • (81,000 / $27,000)
18Tcf National Bank 159 34%42%
  • 202%
  • (180,000 / $89,000)
  • 296%
  • (184,000 / $62,000)
19Radian Guaranty 152 81%0%
  • 286%
  • (352,000 / $123,000)
  • 219%
  • (136,000 / $62,000)
20Us Bank North Dakota 150 33%42%
  • 154%
  • (192,000 / $124,000)
  • 226%
  • (120,000 / $53,000)

Otsego, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 17,168
  2. Loan Applications Denied: 2,616
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 11,802
  5. % of Loan Applications Originated 68

Otsego, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Debt-to-income ratio8
Credit history7
Credit application incomplete3
Unverifiable information2

Otsego, 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 - $100,0003,221 6618
$100,000 - $300,00012,701 6913
$300,000 - $500,0001,185 5820
$500,000 - $1,000,00058 2753
$1,000,000 - $1,500,0003 0100

Otsego, 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 - $100,00012,510 6815
$100,000 - $300,0004,503 6814
$300,000 - $500,000105 5821
$500,000 - $1,000,00036 4925
$1,000,000 - $1,500,0009 440
$1,500,000 - $2,000,0003 033
> $2,000,0002 5050

Loan to Income Ratios Research for Mortgage in Otsego, 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%55155 28
30 - 60%83364 18
60 - 100%98969 14
100 - 200%4,21370 12
200 - 300%5,19970 13
300 - 400%3,37269 14
> 400%2,01160 22

Otsego, 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 Dwelling16,367 6915
Not Owner-Occupied As A Principal Dwelling766 6220
Not Applicable7 5714

Home Owner Property Type Statistics in Otsego, 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)16,038 6815
One To Four-Family992 744
Manufactured Housing138 2948
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