Top Longville, MN FHA Mortgage Lenders

RankLongville FHA Mortgage LenderLongville FHA Home Loans ProcessedLongville FHA Home Loans ApprovedLongville FHA Home Loans DeniedLongville FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansLongville Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 520 62%13%
  • 219%
  • (112,000 Loan / $51,000 Income)
  • 267%
  • (225,000 Loan / $84,000 Income)
2Embrace Home Loans, 106 11%43%
  • 180%
  • (119,000 / $66,000)
  • 215%
  • (86,000 / $40,000)
3Bank Of America 103 85%11%
  • 244%
  • (61,000 / $25,000)
  • 293%
  • (94,000 / $32,000)
4Countrywide Bank Fsb 86 67%20%
  • 228%
  • (183,000 / $80,000)
  • 291%
  • (102,000 / $35,000)
5Us Bank 85 77%12%
  • 240%
  • (149,000 / $62,000)
  • 227%
  • (100,000 / $44,000)
6Jpmorgan Chase Bank 78 85%14%
  • 286%
  • (146,000 / $51,000)
  • 242%
  • (165,000 / $68,000)
7Wells Fargo Funding 63 100%0% 0 0
8Quicken Loans 49 57%36%
  • 229%
  • (213,000 / $93,000)
  • 285%
  • (100,000 / $35,000)
9Citimortgage 45 86%13%
  • 260%
  • (156,000 / $60,000)
  • 277%
  • (75,000 / $27,000)
10New Day Financial, Llc 31 0%80% 0
  • 302%
  • (251,000 / $83,000)
11Franklin American Mortgage Co 28 60%10%
  • 219%
  • (193,000 / $88,000)
  • 247%
  • (57,000 / $23,000)
12Flagstar Bank 27 62%11%
  • 224%
  • (146,000 / $65,000)
  • 353%
  • (152,000 / $43,000)
13State Bank & Trust 25 64%28%
  • 282%
  • (130,000 / $46,000)
  • 230%
  • (143,000 / $62,000)
14Bank Of The West 23 82%13%
  • 228%
  • (206,000 / $90,000)
  • 251%
  • (209,000 / $83,000)
15Freedom Mortgage Corp. 15 60%26%
  • 201%
  • (131,000 / $65,000)
  • 334%
  • (154,000 / $46,000)
16Home Federal Savings Bank 14 50%7%
  • 280%
  • (73,000 / $26,000)
  • 390%
  • (39,000 / $10,000)
17The Business Bank 13 84%7%
  • 261%
  • (204,000 / $78,000)
  • 248%
  • (144,000 / $58,000)
18Summit Mortgage Corporation 13 100%0%
  • 222%
  • (151,000 / $68,000)
0
19Universal Mortgage Corporation 12 83%8%
  • 256%
  • (159,000 / $62,000)
  • 243%
  • (141,000 / $58,000)
20M&I Bank Fsb 12 58%33%
  • 294%
  • (150,000 / $51,000)
  • 324%
  • (159,000 / $49,000)

Longville, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,815
  2. Loan Applications Denied: 352
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 1,130
  5. % of Loan Applications Originated 62

Longville, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral27
Credit history24
Debt-to-income ratio21
Insufficient cash (downpayment, closing costs)4
Employment history4

Longville, 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 - $100,000628 6021
$100,000 - $300,0001,185 6218
$300,000 - $500,0002 0100

Longville, 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 - $100,0001,684 6120
$100,000 - $300,000127 6711
$300,000 - $500,0002 1000
$500,000 - $1,000,0002 00

Loan to Income Ratios Research for FHA Mortgage in Longville, 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%728 28
30 - 60%1225 50
60 - 100%5160 15
100 - 200%54763 16
200 - 300%71470 15
300 - 400%32355 24
> 400%16136 36

Longville, 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 Dwelling1,807 6219
Not Owner-Occupied As A Principal Dwelling5 4040
Not Applicable3 6633

Home Owner Property Type Statistics in Longville, 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)1,762 6219
Manufactured Housing53 6216
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