Top Elmore, MN FHA Mortgage Lenders

RankElmore FHA Mortgage LenderElmore FHA Home Loans ProcessedElmore FHA Home Loans ApprovedElmore FHA Home Loans DeniedElmore FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansElmore Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 206 56%16%
  • 216%
  • (130,000 Loan / $60,000 Income)
  • 264%
  • (74,000 Loan / $28,000 Income)
2Countrywide Bank Fsb 52 67%21%
  • 226%
  • (143,000 / $63,000)
  • 291%
  • (102,000 / $35,000)
3Embrace Home Loans, 48 16%39%
  • 188%
  • (115,000 / $61,000)
  • 248%
  • (159,000 / $64,000)
4Jpmorgan Chase Bank 41 82%17%
  • 286%
  • (146,000 / $51,000)
  • 242%
  • (165,000 / $68,000)
5Us Bank 32 75%15%
  • 264%
  • (82,000 / $31,000)
  • 342%
  • (120,000 / $35,000)
6Bank Of America 27 88%11%
  • 180%
  • (81,000 / $45,000)
  • 325%
  • (130,000 / $40,000)
7Citimortgage 26 92%7%
  • 260%
  • (156,000 / $60,000)
  • 277%
  • (75,000 / $27,000)
8Wells Fargo Funding 23 100%0% 0 0
9State Bank & Trust 20 60%35%
  • 287%
  • (92,000 / $32,000)
  • 230%
  • (143,000 / $62,000)
10Franklin American Mortgage Co 19 63%5%
  • 177%
  • (80,000 / $45,000)
  • 236%
  • (118,000 / $50,000)
11New Day Financial, Llc 15 0%86% 0
  • 311%
  • (112,000 / $36,000)
12Quicken Loans 14 50%42%
  • 207%
  • (172,000 / $83,000)
  • 332%
  • (93,000 / $28,000)
13Flagstar Bank 9 55%22%
  • 294%
  • (100,000 / $34,000)
  • 389%
  • (261,000 / $67,000)
14Freedom Mortgage Corp. 8 62%25%
  • 250%
  • (133,000 / $53,000)
  • 276%
  • (174,000 / $63,000)
15Universal Mortgage Corporation 7 71%14%
  • 256%
  • (159,000 / $62,000)
  • 243%
  • (141,000 / $58,000)
16Summit Mortgage Corporation 6 100%0%
  • 290%
  • (119,000 / $41,000)
0
17Home Federal Savings Bank 6 33%0%
  • 361%
  • (123,000 / $34,000)
0
18Associated Bank 6 50%16%
  • 167%
  • (67,000 / $40,000)
  • 156%
  • (127,000 / $81,000)
19Plaza Home Mortgage 5 40%20%
  • 300%
  • (102,000 / $34,000)
  • 383%
  • (138,000 / $36,000)
20Mortgage Services Iii, L.L.C. 5 100%0%
  • 233%
  • (182,000 / $78,000)
0

Elmore, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 749
  2. Loan Applications Denied: 155
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 457
  5. % of Loan Applications Originated 61

Elmore, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral30
Debt-to-income ratio21
Credit history20
Credit application incomplete8
Employment history4

Elmore, 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 - $100,000243 6220
$100,000 - $300,000506 5920

Elmore, 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 - $100,000708 5921
$100,000 - $300,00039 6510
$300,000 - $500,0002 1000

Loan to Income Ratios Research for FHA Mortgage in Elmore, 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%2100 0
30 - 60%450 25
60 - 100%1855 22
100 - 200%24264 15
200 - 300%29365 17
300 - 400%12456 25
> 400%6634 45

Elmore, 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 Dwelling747 6020
Not Applicable1 1000
Not Owner-Occupied As A Principal Dwelling1 1000

Home Owner Property Type Statistics in Elmore, 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)730 6020
Manufactured Housing19 6315
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