Top Chokio, MN FHA Mortgage Refinance Lenders

RankChokio FHA Mortgage LenderChokio FHA Home Refinance Loans ProcessedChokio FHA Home Refinance Loans ApprovedChokio FHA Home Refinance Loans DeniedChokio FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansChokio FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 48 37%27%
  • 249%
  • (142,000 Loan / $57,000 Income)
  • 176%
  • (67,000 Loan / $38,000 Income)
2Countrywide Bank Fsb 26 57%42%
  • 298%
  • (164,000 / $55,000)
  • 263%
  • (145,000 / $55,000)
3Embrace Home Loans, 25 4%28%
  • 272%
  • (49,000 / $18,000)
  • 266%
  • (189,000 / $71,000)
4Bank Of America 19 57%36% 0
  • 355%
  • (96,000 / $27,000)
5Wells Fargo Funding 15 100%0% 0 0
6Jpmorgan Chase Bank 13 69%30%
  • 116%
  • (119,000 / $102,000)
  • 429%
  • (232,000 / $54,000)
7Quicken Loans 12 75%16%
  • 346%
  • (201,000 / $58,000)
  • 311%
  • (193,000 / $62,000)
8New Day Financial, Llc 12 0%91% 0
  • 288%
  • (144,000 / $50,000)
9Flagstar Bank 8 62%12%
  • 452%
  • (208,000 / $46,000)
  • 387%
  • (271,000 / $70,000)
10Us Bank 7 71%28%
  • 335%
  • (134,000 / $40,000)
  • 418%
  • (222,000 / $53,000)
11Franklin American Mortgage Co 7 71%0%
  • 419%
  • (193,000 / $46,000)
0
12Universal Mortgage Corporation 5 20%0%
  • 297%
  • (125,000 / $42,000)
0
13Shore Mortgage 5 60%20%
  • 397%
  • (266,000 / $67,000)
  • 165%
  • (68,000 / $41,000)
14First Residential Mortgage 5 40%60%
  • 271%
  • (106,000 / $39,000)
  • 457%
  • (192,000 / $42,000)
15Lake State Federal Credit Unio 4 0%50% 0
  • 564%
  • (141,000 / $25,000)
16Franklin First Financial, Ltd 4 50%0%
  • 423%
  • (195,000 / $46,000)
0
17Citimortgage 4 100%0%
  • 385%
  • (108,000 / $28,000)
0
18Taylor, Bean & Whitaker 3 100%0%
  • 323%
  • (110,000 / $34,000)
0
19Suntrust Mortgage 3 66%0%
  • 238%
  • (169,000 / $71,000)
0
20Summit Mortgage Corporation 3 33%0%
  • 536%
  • (204,000 / $38,000)
0

Chokio, MN FHA Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 338
  2. Loan Applications Denied: 102
  3. % of Loan Applications Denied: 30
  4. # of Loan Originations: 156
  5. % of Loan Applications Originated 46

Chokio, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral32
Credit history25
Debt-to-income ratio18
Credit application incomplete4
Unverifiable information3

Chokio, MN FHA Mortgage Loans Refinance Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00086 3533
$100,000 - $300,000251 4829
$300,000 - $500,0001 00

Chokio, MN FHA Home Loans Refinance Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000315 4630
$100,000 - $300,00021 4223
$500,000 - $1,000,0002 050

Loan to Income Ratios Research for FHA Mortgage Refinance in Chokio, 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%20 50
60 - 100%1136 45
100 - 200%7737 32
200 - 300%9851 23
300 - 400%8252 25
> 400%6841 39

Chokio, MN Home Owner Occupancy Type FHA Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling337 4629
Not Owner-Occupied As A Principal Dwelling1 0100

Home Owner Property Type Statistics in Chokio, MN for FHA Home Loan Refinance

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)314 4827
Manufactured Housing24 1262
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