Top Grand Portage, MN FHA Mortgage Lenders

RankGrand Portage FHA Mortgage LenderGrand Portage FHA Home Loans ProcessedGrand Portage FHA Home Loans ApprovedGrand Portage FHA Home Loans DeniedGrand Portage FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansGrand Portage Mortgage Median LTR for Denied Loans
1Quicken Loans 3 33%33%
  • 323%
  • (210,000 Loan / $65,000 Income)
  • 311%
  • (193,000 Loan / $62,000 Income)
2Jpmorgan Chase Bank 3 100%0%
  • 213%
  • (128,000 / $60,000)
0
3Wells Fargo Bank 2 0%50% 0
  • 447%
  • (197,000 / $44,000)
4Lend Smart Mortgage 2 50%0%
  • 513%
  • (226,000 / $44,000)
0
5Lakeland Mortgage Corporation 2 50%0%
  • 404%
  • (166,000 / $41,000)
0
6Embrace Home Loans, 2 0%50% 0
  • 266%
  • (189,000 / $71,000)
7Wells Fargo Funding 1 100%0% 0 0
8Sun West Mortgage Company 1 0%0% 0 0
9New Day Financial, Llc 1 0%0% 0 0
10Franklin American Mortgage Co 1 100%0%
  • 419%
  • (193,000 / $46,000)
0
11Flagstar Bank 1 100%0% 0 0
12Fifth Third Mortgage Company 1 100%0%
  • 354%
  • (273,000 / $77,000)
0
13Countrywide Bank Fsb 1 100%0% 0 0
14Bank Of America 1 100%0% 0 0
15American Financial Resources 1 0%100% 0
  • 412%
  • (223,000 / $54,000)

Grand Portage, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 23
  2. Loan Applications Denied: 4
  3. % of Loan Applications Denied: 17
  4. # of Loan Originations: 12
  5. % of Loan Applications Originated 52

Grand Portage, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio50
Collateral50

Grand Portage, 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
$100,000 - $300,00022 5418
$300,000 - $500,0001 00

Grand Portage, 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 - $100,00023 5217

Loan to Income Ratios Research for FHA Mortgage in Grand Portage, 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
200 - 300%333 33
300 - 400%540 20
> 400%1560 13

Grand Portage, 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 Dwelling23 5217

Home Owner Property Type Statistics in Grand Portage, 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)22 5413
Manufactured Housing1 0100
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