Top Plato, MN Mortgage Lenders

RankPlato Mortgage LenderPlato Home Loans ProcessedPlato Home Loans ApprovedPlato Home Loans DeniedPlato Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPlato Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,497 67%12%
  • 210%
  • (238,000 Loan / $113,000 Income)
  • 193%
  • (64,000 Loan / $33,000 Income)
2Jpmorgan Chase Bank 385 84%12%
  • 246%
  • (116,000 / $47,000)
  • 261%
  • (157,000 / $60,000)
3Affinity Plus Federal Credit U 308 66%5%
  • 150%
  • (156,000 / $104,000)
  • 288%
  • (75,000 / $26,000)
4Us Bank 307 74%17%
  • 225%
  • (180,000 / $80,000)
  • 238%
  • (148,000 / $62,000)
5Citimortgage 215 84%5%
  • 268%
  • (86,000 / $32,000)
  • 233%
  • (140,000 / $60,000)
6State Bank & Trust 211 75%14%
  • 137%
  • (146,000 / $106,000)
  • 173%
  • (213,000 / $123,000)
7Bank Of America 194 74%19%
  • 252%
  • (106,000 / $42,000)
  • 296%
  • (326,000 / $110,000)
8Countrywide Bank Fsb 165 71%21%
  • 230%
  • (83,000 / $36,000)
  • 260%
  • (156,000 / $60,000)
9Bremer Bank Na (Fargo) 136 83%6%
  • 130%
  • (160,000 / $123,000)
  • 125%
  • (30,000 / $24,000)
10Mortgage Guaranty Insurance Co 123 75%4%
  • 230%
  • (180,000 / $78,000)
  • 207%
  • (139,000 / $67,000)
11Kleinbank 123 66%16%
  • 138%
  • (133,000 / $96,000)
  • 212%
  • (83,000 / $39,000)
12Citibank 116 73%12%
  • 110%
  • (112,000 / $101,000)
  • 103%
  • (87,000 / $84,000)
13Agstar Financial Services 110 51%7%
  • 252%
  • (149,000 / $59,000)
  • 417%
  • (363,000 / $87,000)
14Countrywide Home Loans 101 77%14%
  • 291%
  • (198,000 / $68,000)
  • 256%
  • (200,000 / $78,000)
15Wells Fargo Funding 92 100%0%
  • 327%
  • (314,000 / $96,000)
0
16Us Bank North Dakota 91 40%47%
  • 131%
  • (58,000 / $44,000)
  • 123%
  • (132,000 / $107,000)
17Beneficial Company Llc 88 3%75%
  • 300%
  • (186,000 / $62,000)
  • 250%
  • (175,000 / $70,000)
18Genworth Mortgage Insurance Co 82 64%3%
  • 277%
  • (97,000 / $35,000)
  • 174%
  • (129,000 / $74,000)
19Hometown Bank 80 90%3%
  • 164%
  • (128,000 / $78,000)
  • 282%
  • (79,000 / $28,000)
20Embrace Home Loans, 77 6%33%
  • 352%
  • (208,000 / $59,000)
  • 296%
  • (231,000 / $78,000)

Plato, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,829
  2. Loan Applications Denied: 1,324
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 5,091
  5. % of Loan Applications Originated 65

Plato, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral13
Credit history11
Debt-to-income ratio10
Credit application incomplete3
Unverifiable information1

Plato, 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 - $100,0002,652 6417
$100,000 - $300,0004,718 6416
$300,000 - $500,000418 6419
$500,000 - $1,000,00029 4731
$1,000,000 - $1,500,0008 5037
$1,500,000 - $2,000,0004 250

Plato, 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 - $100,0006,310 6217
$100,000 - $300,0001,404 7112
$300,000 - $500,00076 6522
$500,000 - $1,000,00032 713
$1,000,000 - $1,500,0005 8020
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Loan to Income Ratios Research for Mortgage in Plato, 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%33665 18
30 - 60%43863 18
60 - 100%58569 15
100 - 200%2,20768 13
200 - 300%2,10667 14
300 - 400%1,28362 17
> 400%87449 29

Plato, 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 Dwelling7,094 6416
Not Owner-Occupied As A Principal Dwelling683 6816
Not Applicable8 5050

Home Owner Property Type Statistics in Plato, 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)7,215 6417
One To Four-Family422 755
Manufactured Housing192 4935
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