Top Cook, MN FHA Mortgage Refinance Lenders

RankCook FHA Mortgage LenderCook FHA Home Refinance Loans ProcessedCook FHA Home Refinance Loans ApprovedCook FHA Home Refinance Loans DeniedCook FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansCook FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 23 17%47%
  • 308%
  • (77,000 Loan / $25,000 Income)
  • 273%
  • (93,000 Loan / $34,000 Income)
2Embrace Home Loans, 17 5%41%
  • 183%
  • (132,000 / $72,000)
  • 364%
  • (153,000 / $42,000)
3Bank Of America 14 71%21%
  • 129%
  • (135,000 / $104,000)
  • 269%
  • (229,000 / $85,000)
4Freedom Mortgage Corp. 9 66%11%
  • 293%
  • (91,000 / $31,000)
  • 404%
  • (101,000 / $25,000)
5Jpmorgan Chase Bank 7 85%14%
  • 248%
  • (102,000 / $41,000)
  • 133%
  • (84,000 / $63,000)
6Quicken Loans 6 33%33%
  • 190%
  • (168,000 / $88,000)
  • 587%
  • (188,000 / $32,000)
7Prime Lending 5 20%40%
  • 145%
  • (210,000 / $144,000)
  • 332%
  • (123,000 / $37,000)
8Countrywide Bank Fsb 5 40%60% 0
  • 278%
  • (106,000 / $38,000)
9Wells Fargo Funding 4 100%0% 0 0
10Lendsource Inc 4 0%50% 0
  • 490%
  • (98,000 / $20,000)
11Reliance First Capital Llc 3 0%66% 0
  • 575%
  • (230,000 / $40,000)
12Freedom Mortgage Corporation 3 33%0%
  • 268%
  • (212,000 / $79,000)
0
13W. J. Bradley Mortgage Capital 2 100%0%
  • 371%
  • (212,000 / $57,000)
0
14Suntrust Mortgage 2 50%50%
  • 300%
  • (171,000 / $57,000)
  • 174%
  • (87,000 / $50,000)
15Midcountry Bank 2 50%50%
  • 307%
  • (120,000 / $39,000)
  • 306%
  • (138,000 / $45,000)
16Lend Smart Mortgage 2 100%0%
  • 220%
  • (152,000 / $69,000)
0
17Franklin American Mortgage Co 2 50%50% 0
  • 420%
  • (101,000 / $24,000)
18Flagstar Bank 2 100%0%
  • 240%
  • (84,000 / $35,000)
0
19Fifth Third Mortgage Company 2 50%50%
  • 134%
  • (137,000 / $102,000)
  • 174%
  • (181,000 / $104,000)
20Amerisave Mortgage Corporation 2 0%100% 0
  • 233%
  • (147,000 / $63,000)

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

  1. Loan Applications Processed: 146
  2. Loan Applications Denied: 47
  3. % of Loan Applications Denied: 32
  4. # of Loan Originations: 61
  5. % of Loan Applications Originated 41

Cook, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral37
Credit history20
Debt-to-income ratio17
Unverifiable information2
Insufficient cash (downpayment, closing costs)2

Cook, 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 - $100,00029 3734
$100,000 - $300,000117 4231

Cook, 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 - $100,000132 3933
$100,000 - $300,00013 6123
$500,000 - $1,000,0001 1000

Loan to Income Ratios Research for FHA Mortgage Refinance in Cook, 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%425 0
100 - 200%3943 30
200 - 300%4249 26
300 - 400%3644 36
> 400%2420 45

Cook, 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 Dwelling146 4132

Home Owner Property Type Statistics in Cook, 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)141 4131
Manufactured Housing5 4060
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