Top Sago, MN Mortgage Lenders

RankSago Mortgage LenderSago Home Loans ProcessedSago Home Loans ApprovedSago Home Loans DeniedSago Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSago Mortgage Median LTR for Denied Loans
1Affinity Plus Federal Credit U 226 67%8%
  • 130%
  • (99,000 Loan / $76,000 Income)
  • 244%
  • (93,000 Loan / $38,000 Income)
2Wells Fargo Bank 101 57%13%
  • 215%
  • (205,000 / $95,000)
  • 173%
  • (90,000 / $52,000)
3American Bank Of The North 79 74%17%
  • 145%
  • (87,000 / $60,000)
  • 169%
  • (129,000 / $76,000)
4Jpmorgan Chase Bank 19 73%26%
  • 229%
  • (156,000 / $68,000)
  • 289%
  • (249,000 / $86,000)
5Northview Bank 18 83%11%
  • 208%
  • (246,000 / $118,000)
  • 317%
  • (197,000 / $62,000)
6Countrywide Bank Fsb 18 77%16%
  • 214%
  • (135,000 / $63,000)
  • 207%
  • (108,000 / $52,000)
7Citimortgage 17 64%23%
  • 410%
  • (152,000 / $37,000)
  • 418%
  • (180,000 / $43,000)
8Us Bank North Dakota 16 37%37%
  • 66%
  • (37,000 / $56,000)
  • 158%
  • (200,000 / $126,000)
9Us Bank 16 87%6%
  • 275%
  • (132,000 / $48,000)
  • 184%
  • (135,000 / $73,000)
10Citifinancial Services Inc 13 23%38%
  • 292%
  • (120,000 / $41,000)
  • 127%
  • (84,000 / $66,000)
11Cmg Mortgage Insurance Co. 12 75%8%
  • 256%
  • (164,000 / $64,000)
  • 269%
  • (294,000 / $109,000)
12Phh Mortgage Corporation 11 45%9%
  • 170%
  • (80,000 / $47,000)
  • 241%
  • (123,000 / $51,000)
13Wells Fargo Fin'l Minnesota 10 30%40%
  • 282%
  • (198,000 / $70,000)
  • 262%
  • (42,000 / $16,000)
14Genworth Mortgage Insurance Co 10 70%10%
  • 276%
  • (105,000 / $38,000)
  • 256%
  • (320,000 / $125,000)
15Citibank 10 90%0%
  • 98%
  • (58,000 / $59,000)
0
16Agstar Financial Services 9 33%55%
  • 137%
  • (129,000 / $94,000)
  • 126%
  • (130,000 / $103,000)
17Home Mortgage Resources 8 100%0%
  • 267%
  • (163,000 / $61,000)
0
18Countrywide Home Loans 8 87%12%
  • 153%
  • (92,000 / $60,000)
  • 243%
  • (139,000 / $57,000)
19Beneficial Company Llc 8 12%87%
  • 309%
  • (133,000 / $43,000)
  • 106%
  • (64,000 / $60,000)
20Bank Of America 7 71%28%
  • 231%
  • (199,000 / $86,000)
  • 220%
  • (174,000 / $79,000)

Sago, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 805
  2. Loan Applications Denied: 133
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 503
  5. % of Loan Applications Originated 62

Sago, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history16
Collateral9
Debt-to-income ratio5
Credit application incomplete4
Unverifiable information2

Sago, 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 - $100,000357 6217
$100,000 - $300,000434 6115
$300,000 - $500,00013 4615
$500,000 - $1,000,0001 1000

Sago, 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 - $100,000709 6017
$100,000 - $300,00095 7510
$300,000 - $500,0001 00

Loan to Income Ratios Research for Mortgage in Sago, 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%5672 19
30 - 60%6865 8
60 - 100%7566 12
100 - 200%21565 16
200 - 300%21156 18
300 - 400%10364 14
> 400%7750 20

Sago, 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 Dwelling749 6217
Not Owner-Occupied As A Principal Dwelling50 6610
Not Applicable2 1000

Home Owner Property Type Statistics in Sago, 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)670 6315
Manufactured Housing91 5128
One To Four-Family44 7211
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