Top Chokio, MN Mortgage Refinance Lenders

RankChokio Mortgage Refinance LenderChokio Home Refinance Loans ProcessedChokio Home Refinance Loans ApprovedChokio Home Refinance Loans DeniedChokio Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansChokio Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 542 59%19%
  • 178%
  • (100,000 Loan / $56,000 Income)
  • 210%
  • (84,000 Loan / $40,000 Income)
2Jpmorgan Chase Bank 161 77%20%
  • 204%
  • (170,000 / $83,000)
  • 216%
  • (216,000 / $100,000)
3Countrywide Bank Fsb 158 65%21%
  • 284%
  • (262,000 / $92,000)
  • 256%
  • (141,000 / $55,000)
4Citimortgage 137 83%6%
  • 250%
  • (160,000 / $64,000)
  • 368%
  • (177,000 / $48,000)
5Affinity Plus Federal Credit U 118 61%8%
  • 190%
  • (209,000 / $110,000)
  • 150%
  • (137,000 / $91,000)
6Us Bank 111 73%18%
  • 190%
  • (175,000 / $92,000)
  • 189%
  • (216,000 / $114,000)
7Beneficial Company Llc 97 3%80%
  • 165%
  • (116,000 / $70,000)
  • 208%
  • (140,000 / $67,000)
8Countrywide Home Loans 84 82%13%
  • 229%
  • (248,000 / $108,000)
  • 212%
  • (132,000 / $62,000)
9Bank Of America 81 62%27%
  • 254%
  • (310,000 / $122,000)
  • 318%
  • (229,000 / $72,000)
10Agstar Financial Services 71 50%16%
  • 193%
  • (161,000 / $83,000)
  • 300%
  • (123,000 / $41,000)
11The Business Bank 65 90%3%
  • 269%
  • (205,000 / $76,000)
  • 4838%
  • (1,500,000 / $31,000)
12Citibank 64 71%17%
  • 131%
  • (42,000 / $32,000)
  • 86%
  • (57,000 / $66,000)
13Frandsen Bank & Trust 60 93%3%
  • 150%
  • (143,000 / $95,000)
  • 183%
  • (198,000 / $108,000)
14Wells Fargo Funding 58 96%3%
  • 165%
  • (417,000 / $252,000)
  • 380%
  • (171,000 / $45,000)
15Alliance Bank 52 92%0%
  • 165%
  • (68,000 / $41,000)
0
16Citifinancial Services Inc 50 42%42%
  • 186%
  • (43,000 / $23,000)
  • 154%
  • (48,000 / $31,000)
17Genworth Mortgage Insurance Co 49 30%6%
  • 227%
  • (157,000 / $69,000)
  • 235%
  • (174,000 / $74,000)
18Embrace Home Loans, 48 4%31%
  • 272%
  • (49,000 / $18,000)
  • 275%
  • (132,000 / $48,000)
19C.U. Mortgage Services, 47 61%17%
  • 168%
  • (81,000 / $48,000)
  • 213%
  • (81,000 / $38,000)
20Us Bank North Dakota 46 19%50%
  • 228%
  • (350,000 / $153,000)
  • 321%
  • (167,000 / $52,000)

Chokio, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 4,024
  2. Loan Applications Denied: 852
  3. % of Loan Applications Denied: 21
  4. # of Loan Originations: 2,399
  5. % of Loan Applications Originated 59

Chokio, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral22
Debt-to-income ratio11
Credit history11
Credit application incomplete4
Unverifiable information2

Chokio, MN Mortgage Refinance Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0001,236 5721
$100,000 - $300,0002,498 5821
$300,000 - $500,000258 6817
$500,000 - $1,000,00030 3636
$1,000,000 - $1,500,0002 5050

Chokio, MN Home Loans Refinance Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0003,124 5722
$100,000 - $300,000780 6716
$300,000 - $500,00083 6918
$500,000 - $1,000,00033 6015
$1,000,000 - $1,500,0003 3333
$1,500,000 - $2,000,0001 1000

Loan to Income Ratios Research for Mortgage Refinance in Chokio, 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%7866 16
30 - 60%18261 18
60 - 100%42063 21
100 - 200%1,16763 17
200 - 300%1,06960 19
300 - 400%60054 24
> 400%50849 30

Chokio, MN Home Owner Occupancy Type Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling3,344 5721
Not Owner-Occupied As A Principal Dwelling657 7017
Not Applicable13 3823

Home Owner Property Type Statistics in Chokio, MN for Home Loan Refinance

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)3,732 6021
One To Four-Family153 566
Manufactured Housing139 3638
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