Top Morken, MN FHA Mortgage Lenders

RankMorken FHA Mortgage LenderMorken FHA Home Loans ProcessedMorken FHA Home Loans ApprovedMorken FHA Home Loans DeniedMorken FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansMorken Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 13 46%15%
  • 275%
  • (165,000 Loan / $60,000 Income)
  • 353%
  • (184,000 Loan / $52,000 Income)
2State Bank & Trust 10 30%50%
  • 269%
  • (194,000 / $72,000)
  • 197%
  • (95,000 / $48,000)
3Wells Fargo Funding 5 100%0% 0 0
4Gate City Bank 5 80%0%
  • 185%
  • (65,000 / $35,000)
0
5Cornerstone Bank 4 75%0%
  • 262%
  • (181,000 / $69,000)
0
6Bremer Bank Na (Fargo) 4 75%0%
  • 217%
  • (165,000 / $76,000)
0
7Town And Country Credit Union 3 66%33%
  • 402%
  • (274,000 / $68,000)
  • 242%
  • (276,000 / $114,000)
8Jpmorgan Chase Bank 3 100%0% 0 0
9First Mortgage Service Inc 3 100%0%
  • 419%
  • (172,000 / $41,000)
0
10Us Bank 2 100%0%
  • 210%
  • (189,000 / $90,000)
0
11Quicken Loans 2 50%50%
  • 275%
  • (135,000 / $49,000)
  • 114%
  • (187,000 / $164,000)
12Home Loan Center 2 0%50% 0
  • 321%
  • (119,000 / $37,000)
13Flagstar Bank 2 100%0%
  • 966%
  • (116,000 / $12,000)
0
14First International Bank & Tru 2 50%50%
  • 506%
  • (162,000 / $32,000)
  • 483%
  • (145,000 / $30,000)
15Everhome Mortgage Company 2 0%50% 0
  • 161%
  • (102,000 / $63,000)
16Citimortgage 2 50%50% 0
  • 106%
  • (186,000 / $174,000)
17Bank Of England 2 100%0%
  • 326%
  • (160,000 / $49,000)
0
18River City Mortgage And Financ 1 0%100% 0
  • 339%
  • (173,000 / $51,000)
19Phh Mortgage Corporation 1 100%0%
  • 88%
  • (196,000 / $222,000)
0
20Northwestern Bank 1 0%100% 0
  • 300%
  • (48,000 / $16,000)

Morken, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 79
  2. Loan Applications Denied: 19
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 47
  5. % of Loan Applications Originated 59

Morken, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history41
Collateral23
Debt-to-income ratio11

Morken, 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 - $100,00017 4629
$100,000 - $300,00062 6222

Morken, 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 - $100,00073 6120
$100,000 - $300,0006 3366

Loan to Income Ratios Research for FHA Mortgage in Morken, 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
30 - 60%1100 0
60 - 100%475 25
100 - 200%2137 38
200 - 300%2958 20
300 - 400%1770 17
> 400%785 14

Morken, 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 Dwelling79 5924

Home Owner Property Type Statistics in Morken, 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)72 5923
Manufactured Housing7 5728
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