Top Ottawa, MN Mortgage Lenders

RankOttawa Mortgage LenderOttawa Home Loans ProcessedOttawa Home Loans ApprovedOttawa Home Loans DeniedOttawa Mortgage Median Loan to Income Ratio (LTR) for Approved LoansOttawa Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 800 65%13%
  • 212%
  • (200,000 Loan / $94,000 Income)
  • 222%
  • (136,000 Loan / $61,000 Income)
2Community Security Bank 195 76%6%
  • 202%
  • (178,000 / $88,000)
  • 425%
  • (119,000 / $28,000)
3Cornerstone State Bank 166 91%6%
  • 153%
  • (118,000 / $77,000)
  • 220%
  • (130,000 / $59,000)
4Hometown Bank 147 88%9%
  • 156%
  • (138,000 / $88,000)
  • 267%
  • (203,000 / $76,000)
5Jpmorgan Chase Bank 131 90%9%
  • 242%
  • (206,000 / $85,000)
  • 284%
  • (145,000 / $51,000)
6Affinity Plus Federal Credit U 119 65%5%
  • 135%
  • (153,000 / $113,000)
  • 212%
  • (102,000 / $48,000)
7Countrywide Bank Fsb 112 66%23%
  • 204%
  • (137,000 / $67,000)
  • 280%
  • (289,000 / $103,000)
8Us Bank 105 69%16%
  • 232%
  • (116,000 / $50,000)
  • 266%
  • (275,000 / $103,000)
9Citimortgage 92 82%8%
  • 232%
  • (205,000 / $88,000)
  • 412%
  • (169,000 / $41,000)
10Bank Of America 92 72%18%
  • 242%
  • (276,000 / $114,000)
  • 319%
  • (179,000 / $56,000)
11State Bank Of New Prague 79 83%10%
  • 125%
  • (142,000 / $113,000)
  • 384%
  • (204,000 / $53,000)
12Mortgage Guaranty Insurance Co 75 80%1%
  • 278%
  • (142,000 / $51,000)
  • 112%
  • (154,000 / $137,000)
13Beneficial Company Llc 70 4%85%
  • 194%
  • (113,000 / $58,000)
  • 270%
  • (235,000 / $87,000)
14Nicollet County Bank Of St. Pe 67 83%7%
  • 184%
  • (118,000 / $64,000)
  • 281%
  • (135,000 / $48,000)
15Wells Fargo Funding 65 100%0%
  • 389%
  • (222,000 / $57,000)
0
16Countrywide Home Loans 65 83%9%
  • 282%
  • (280,000 / $99,000)
  • 226%
  • (113,000 / $50,000)
17Genworth Mortgage Insurance Co 63 71%7%
  • 265%
  • (252,000 / $95,000)
  • 192%
  • (200,000 / $104,000)
18Wells Fargo Fin'l Minnesota 52 17%51%
  • 358%
  • (111,000 / $31,000)
  • 276%
  • (227,000 / $82,000)
19Agstar Financial Services 50 52%8%
  • 296%
  • (187,000 / $63,000)
  • 480%
  • (250,000 / $52,000)
20Tcf National Bank 48 64%25%
  • 213%
  • (81,000 / $38,000)
  • 214%
  • (30,000 / $14,000)

Ottawa, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,213
  2. Loan Applications Denied: 717
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 2,798
  5. % of Loan Applications Originated 66

Ottawa, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral11
Credit history9
Debt-to-income ratio8
Credit application incomplete2
Unverifiable information1

Ottawa, 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 - $100,0001,114 6914
$100,000 - $300,0002,744 6517
$300,000 - $500,000333 5723
$500,000 - $1,000,00016 4325
$1,000,000 - $1,500,0005 2060
$1,500,000 - $2,000,0001 00

Ottawa, 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 - $100,0003,304 6417
$100,000 - $300,000870 6915
$300,000 - $500,00030 6616
$500,000 - $1,000,0009 6611

Loan to Income Ratios Research for Mortgage in Ottawa, 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%18275 13
30 - 60%23465 17
60 - 100%23175 12
100 - 200%1,07769 13
200 - 300%1,24068 14
300 - 400%77662 19
> 400%47349 32

Ottawa, 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 Dwelling3,953 6617
Not Owner-Occupied As A Principal Dwelling238 7313
Not Applicable9 5533

Home Owner Property Type Statistics in Ottawa, 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)3,908 6517
One To Four-Family277 764
Manufactured Housing28 6021
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