Top Cook, MN FHA Mortgage Lenders

RankCook FHA Mortgage LenderCook FHA Home Loans ProcessedCook FHA Home Loans ApprovedCook FHA Home Loans DeniedCook FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansCook Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 36 44%33%
  • 228%
  • (114,000 Loan / $50,000 Income)
  • 273%
  • (93,000 Loan / $34,000 Income)
2Embrace Home Loans, 17 5%41%
  • 183%
  • (132,000 / $72,000)
  • 364%
  • (153,000 / $42,000)
3Bank Of America 17 70%17%
  • 129%
  • (135,000 / $104,000)
  • 269%
  • (229,000 / $85,000)
4Prime Lending 15 53%20%
  • 248%
  • (134,000 / $54,000)
  • 313%
  • (72,000 / $23,000)
5Us Bank 12 75%25%
  • 215%
  • (95,000 / $44,000)
  • 392%
  • (165,000 / $42,000)
6Freedom Mortgage Corp. 12 50%33%
  • 293%
  • (91,000 / $31,000)
  • 336%
  • (269,000 / $80,000)
7Wells Fargo Funding 11 100%0% 0 0
8Jpmorgan Chase Bank 10 90%10%
  • 248%
  • (102,000 / $41,000)
  • 133%
  • (84,000 / $63,000)
9Quicken Loans 8 25%50%
  • 190%
  • (168,000 / $88,000)
  • 300%
  • (138,000 / $46,000)
10Countrywide Bank Fsb 6 33%66% 0
  • 278%
  • (106,000 / $38,000)
11American Bank Of The North 6 16%83%
  • 272%
  • (136,000 / $50,000)
  • 201%
  • (149,000 / $74,000)
12Mortgage Services Iii, L.L.C. 4 75%0%
  • 237%
  • (183,000 / $77,000)
0
13Lendsource Inc 4 0%50% 0
  • 490%
  • (98,000 / $20,000)
14Flagstar Bank 4 100%0%
  • 205%
  • (111,000 / $54,000)
0
15Admirals Bank 4 25%25%
  • 66%
  • (12,000 / $18,000)
  • 69%
  • (25,000 / $36,000)
16Reliance First Capital Llc 3 0%66% 0
  • 575%
  • (230,000 / $40,000)
17Lend Smart Mortgage 3 100%0%
  • 198%
  • (99,000 / $50,000)
0
18Freedom Mortgage Corporation 3 33%0%
  • 268%
  • (212,000 / $79,000)
0
19Franklin American Mortgage Co 3 66%33% 0
  • 420%
  • (101,000 / $24,000)
20W. J. Bradley Mortgage Capital 2 100%0%
  • 371%
  • (212,000 / $57,000)
0

Cook, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 230
  2. Loan Applications Denied: 65
  3. % of Loan Applications Denied: 28
  4. # of Loan Originations: 121
  5. % of Loan Applications Originated 52

Cook, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral33
Debt-to-income ratio22
Credit history22
Insufficient cash (downpayment, closing costs)4
Unverifiable information2

Cook, 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 - $100,00060 5723
$100,000 - $300,000170 5030

Cook, 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 - $100,000210 5128
$100,000 - $300,00019 5726
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for FHA Mortgage in Cook, 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%366 0
30 - 60%250 0
60 - 100%742 14
100 - 200%6056 25
200 - 300%7861 23
300 - 400%4948 34
> 400%3128 45

Cook, 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 Dwelling230 5228

Home Owner Property Type Statistics in Cook, 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)221 5227
Manufactured Housing9 5544
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