Top Chokio, MN FHA Mortgage Lenders

RankChokio FHA Mortgage LenderChokio FHA Home Loans ProcessedChokio FHA Home Loans ApprovedChokio FHA Home Loans DeniedChokio FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChokio Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 91 57%19%
  • 249%
  • (142,000 Loan / $57,000 Income)
  • 176%
  • (30,000 Loan / $17,000 Income)
2Countrywide Bank Fsb 29 55%44%
  • 266%
  • (205,000 / $77,000)
  • 256%
  • (141,000 / $55,000)
3Embrace Home Loans, 27 3%29%
  • 272%
  • (49,000 / $18,000)
  • 266%
  • (189,000 / $71,000)
4Jpmorgan Chase Bank 22 81%18%
  • 213%
  • (128,000 / $60,000)
  • 429%
  • (232,000 / $54,000)
5Bank Of America 20 65%30%
  • 272%
  • (90,000 / $33,000)
  • 373%
  • (224,000 / $60,000)
6Wells Fargo Funding 18 100%0% 0 0
7Us Bank 13 76%15%
  • 329%
  • (102,000 / $31,000)
  • 418%
  • (222,000 / $53,000)
8Citimortgage 13 76%7%
  • 385%
  • (108,000 / $28,000)
  • 353%
  • (106,000 / $30,000)
9Quicken Loans 12 75%16%
  • 346%
  • (201,000 / $58,000)
  • 311%
  • (193,000 / $62,000)
10New Day Financial, Llc 12 0%91% 0
  • 288%
  • (144,000 / $50,000)
11Franklin American Mortgage Co 8 75%0%
  • 419%
  • (193,000 / $46,000)
0
12Flagstar Bank 8 62%12%
  • 452%
  • (208,000 / $46,000)
  • 387%
  • (271,000 / $70,000)
13Bell America Mortgage Llc Dba 7 71%14%
  • 329%
  • (168,000 / $51,000)
  • 305%
  • (110,000 / $36,000)
14Universal Mortgage Corporation 6 33%0%
  • 297%
  • (125,000 / $42,000)
0
15Lake State Federal Credit Unio 6 0%66% 0
  • 454%
  • (268,000 / $59,000)
16Taylor, Bean & Whitaker 5 100%0%
  • 323%
  • (110,000 / $34,000)
0
17Shore Mortgage 5 60%20%
  • 397%
  • (266,000 / $67,000)
  • 165%
  • (68,000 / $41,000)
18National City Bank 5 20%0%
  • 432%
  • (173,000 / $40,000)
0
19First Residential Mortgage 5 40%60%
  • 271%
  • (106,000 / $39,000)
  • 457%
  • (192,000 / $42,000)
20Summit Mortgage Corporation 4 50%0%
  • 536%
  • (204,000 / $38,000)
0

Chokio, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 476
  2. Loan Applications Denied: 121
  3. % of Loan Applications Denied: 25
  4. # of Loan Originations: 256
  5. % of Loan Applications Originated 53

Chokio, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral28
Credit history25
Debt-to-income ratio21
Unverifiable information3
Credit application incomplete3

Chokio, 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 - $100,000153 4826
$100,000 - $300,000322 5524
$300,000 - $500,0001 00

Chokio, 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 - $100,000449 5325
$100,000 - $300,00025 5220
$500,000 - $1,000,0002 050

Loan to Income Ratios Research for FHA Mortgage 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%30 66
60 - 100%1442 42
100 - 200%11347 25
200 - 300%15760 18
300 - 400%10859 24
> 400%8144 35

Chokio, 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 Dwelling475 5325
Not Owner-Occupied As A Principal Dwelling1 0100

Home Owner Property Type Statistics in Chokio, 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)441 5623
Manufactured Housing35 2248
More Chokio, MN Mortgage Research: