Top Camp 5, MN FHA Mortgage Lenders

RankCamp 5 FHA Mortgage LenderCamp 5 FHA Home Loans ProcessedCamp 5 FHA Home Loans ApprovedCamp 5 FHA Home Loans DeniedCamp 5 FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCamp 5 Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 7 57%14%
  • 228%
  • (114,000 Loan / $50,000 Income)
  • 170%
  • (126,000 Loan / $74,000 Income)
2Bank Of America 5 80%20% 0
  • 324%
  • (94,000 / $29,000)
3Embrace Home Loans, 4 0%50% 0
  • 791%
  • (285,000 / $36,000)
4Us Bank 3 33%66%
  • 403%
  • (125,000 / $31,000)
  • 406%
  • (126,000 / $31,000)
5Freedom Mortgage Corp. 3 66%33%
  • 396%
  • (262,000 / $66,000)
  • 404%
  • (101,000 / $25,000)
6American Bank Of The North 3 0%100% 0
  • 153%
  • (92,000 / $60,000)
7Reliance First Capital Llc 2 0%50% 0
  • 575%
  • (230,000 / $40,000)
8Franklin American Mortgage Co 2 50%50% 0
  • 420%
  • (101,000 / $24,000)
9Countrywide Bank Fsb 2 0%100% 0
  • 278%
  • (106,000 / $38,000)
10Admirals Bank 2 0%50% 0
  • 69%
  • (25,000 / $36,000)
11Wells Fargo Funding 1 100%0% 0 0
12Suntrust Mortgage 1 0%100% 0
  • 174%
  • (87,000 / $50,000)
13Prime Lending 1 100%0%
  • 243%
  • (156,000 / $64,000)
0
14New Day Financial, Llc 1 0%0% 0 0
15Nationwide Mortgage Concepts, 1 0%0% 0 0
16Midcountry Bank 1 0%100% 0
  • 306%
  • (138,000 / $45,000)
17Michigan Mutual, Inc. D/B/A Fi 1 100%0%
  • 287%
  • (135,000 / $47,000)
0
18Marketplace Home Mortgage Llc 1 0%100% 0
  • 652%
  • (261,000 / $40,000)
19Jpmorgan Chase Bank 1 0%100% 0
  • 133%
  • (84,000 / $63,000)
20Guild Mortgage Company 1 100%0% 0 0

Camp 5, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 51
  2. Loan Applications Denied: 24
  3. % of Loan Applications Denied: 47
  4. # of Loan Originations: 19
  5. % of Loan Applications Originated 37

Camp 5, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral40
Credit history26
Debt-to-income ratio13
Insufficient cash (downpayment, closing costs)6
Unverifiable information6

Camp 5, MN FHA Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00013 3053
$100,000 - $300,00038 3844

Camp 5, MN FHA Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00046 3845
$100,000 - $300,0005 2060

Loan to Income Ratios Research for FHA Mortgage in Camp 5, 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
30 - 60%10 0
60 - 100%450 25
100 - 200%922 77
200 - 300%1566 26
300 - 400%1040 40
> 400%128 66

Camp 5, MN Home Owner Occupancy Type FHA Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling51 3747

Home Owner Property Type Statistics in Camp 5, MN for FHA 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)45 3744
Manufactured Housing6 3366
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