Top Conger, MN FHA Mortgage Lenders

RankConger FHA Mortgage LenderConger FHA Home Loans ProcessedConger FHA Home Loans ApprovedConger FHA Home Loans DeniedConger FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansConger Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 144 59%15%
  • 246%
  • (74,000 Loan / $30,000 Income)
  • 237%
  • (88,000 Loan / $37,000 Income)
2Countrywide Bank Fsb 56 71%28%
  • 267%
  • (158,000 / $59,000)
  • 261%
  • (89,000 / $34,000)
3Jpmorgan Chase Bank 46 78%15%
  • 278%
  • (114,000 / $41,000)
  • 298%
  • (173,000 / $58,000)
4Embrace Home Loans, 40 5%35%
  • 372%
  • (108,000 / $29,000)
  • 287%
  • (158,000 / $55,000)
5Citimortgage 40 92%2% 0
  • 413%
  • (149,000 / $36,000)
6Wells Fargo Funding 37 100%0% 0 0
7Bank Of America 33 78%18%
  • 300%
  • (99,000 / $33,000)
  • 346%
  • (142,000 / $41,000)
8Bell America Mortgage Llc Dba 28 75%7%
  • 306%
  • (202,000 / $66,000)
  • 265%
  • (93,000 / $35,000)
9Us Bank 18 55%27%
  • 172%
  • (57,000 / $33,000)
  • 297%
  • (122,000 / $41,000)
10Quicken Loans 16 50%37%
  • 155%
  • (104,000 / $67,000)
  • 226%
  • (242,000 / $107,000)
11Freedom Mortgage Corp. 15 46%40%
  • 195%
  • (90,000 / $46,000)
  • 374%
  • (221,000 / $59,000)
12Flagstar Bank 15 66%20%
  • 242%
  • (269,000 / $111,000)
  • 252%
  • (121,000 / $48,000)
13New Day Financial, Llc 14 0%71% 0
  • 327%
  • (242,000 / $74,000)
14Summit Mortgage Corporation 12 83%0%
  • 278%
  • (159,000 / $57,000)
0
15Midcountry Bank 8 87%12%
  • 293%
  • (211,000 / $72,000)
  • 265%
  • (125,000 / $47,000)
16Taylor, Bean & Whitaker 7 85%14%
  • 337%
  • (108,000 / $32,000)
  • 259%
  • (57,000 / $22,000)
17Suntrust Mortgage 6 50%33%
  • 170%
  • (157,000 / $92,000)
  • 596%
  • (149,000 / $25,000)
18Minnwest Mortgage Corporation 6 50%0%
  • 177%
  • (96,000 / $54,000)
0
19Ally Bank F/K/A/ Gmac Bank 6 66%16%
  • 230%
  • (194,000 / $84,000)
  • 177%
  • (105,000 / $59,000)
20River City Mortgage And Financ 5 80%0%
  • 350%
  • (154,000 / $44,000)
0

Conger, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 726
  2. Loan Applications Denied: 140
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 455
  5. % of Loan Applications Originated 62

Conger, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral36
Debt-to-income ratio20
Credit history14
Credit application incomplete5
Insufficient cash (downpayment, closing costs)3

Conger, 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 - $100,000225 6316
$100,000 - $300,000498 6220
$300,000 - $500,0003 066

Conger, 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 - $100,000683 6219
$100,000 - $300,00043 5918

Loan to Income Ratios Research for FHA Mortgage in Conger, 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 33
30 - 60%1368 0
60 - 100%2165 9
100 - 200%20663 20
200 - 300%26765 14
300 - 400%14861 20
> 400%6844 35

Conger, 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 Dwelling721 6219
Not Owner-Occupied As A Principal Dwelling4 7525
Not Applicable1 0100

Home Owner Property Type Statistics in Conger, 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)686 6219
Manufactured Housing40 5720
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