Top Dundas, MN FHA Mortgage Refinance Lenders

RankDundas FHA Mortgage LenderDundas FHA Home Refinance Loans ProcessedDundas FHA Home Refinance Loans ApprovedDundas FHA Home Refinance Loans DeniedDundas FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansDundas FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 187 33%29%
  • 254%
  • (188,000 Loan / $74,000 Income)
  • 300%
  • (126,000 Loan / $42,000 Income)
2Countrywide Bank Fsb 57 57%35%
  • 267%
  • (241,000 / $90,000)
  • 289%
  • (197,000 / $68,000)
3Embrace Home Loans, 56 17%33%
  • 303%
  • (97,000 / $32,000)
  • 328%
  • (125,000 / $38,000)
4Us Bank 50 62%28%
  • 273%
  • (164,000 / $60,000)
  • 302%
  • (109,000 / $36,000)
5Bank Of America 44 72%18%
  • 290%
  • (250,000 / $86,000)
  • 261%
  • (144,000 / $55,000)
6Wells Fargo Funding 38 100%0% 0 0
7Jpmorgan Chase Bank 38 73%23%
  • 300%
  • (183,000 / $61,000)
  • 348%
  • (188,000 / $54,000)
8Quicken Loans 34 47%50%
  • 243%
  • (161,000 / $66,000)
  • 223%
  • (170,000 / $76,000)
9Franklin American Mortgage Co 27 62%3%
  • 240%
  • (149,000 / $62,000)
  • 448%
  • (233,000 / $52,000)
10Citimortgage 25 80%16%
  • 215%
  • (261,000 / $121,000)
  • 278%
  • (64,000 / $23,000)
11Summit Mortgage Corporation 22 68%4%
  • 296%
  • (80,000 / $27,000)
  • 100%
  • (230,000 / $228,000)
12New Day Financial, Llc 22 9%68%
  • 333%
  • (110,000 / $33,000)
  • 304%
  • (265,000 / $87,000)
13Flagstar Bank 20 55%15%
  • 274%
  • (107,000 / $39,000)
  • 268%
  • (188,000 / $70,000)
14Nationstar Mortgage Llc 11 27%54%
  • 267%
  • (139,000 / $52,000)
  • 390%
  • (195,000 / $50,000)
15Suntrust Mortgage 10 60%10%
  • 289%
  • (159,000 / $55,000)
  • 383%
  • (184,000 / $48,000)
16First Residential Mortgage 9 33%66%
  • 249%
  • (217,000 / $87,000)
  • 373%
  • (224,000 / $60,000)
17Ally Bank F/K/A/ Gmac Bank 9 11%22%
  • 190%
  • (97,000 / $51,000)
  • 266%
  • (133,000 / $50,000)
18Universal Mortgage Corporation 8 50%25%
  • 341%
  • (198,000 / $58,000)
  • 344%
  • (162,000 / $47,000)
19Gmac Mortgage Llc 8 37%25%
  • 265%
  • (122,000 / $46,000)
  • 440%
  • (119,000 / $27,000)
20Freedom Mortgage Corp. 8 25%50%
  • 386%
  • (178,000 / $46,000)
  • 361%
  • (271,000 / $75,000)

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

  1. Loan Applications Processed: 958
  2. Loan Applications Denied: 262
  3. % of Loan Applications Denied: 27
  4. # of Loan Originations: 455
  5. % of Loan Applications Originated 47

Dundas, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral35
Credit history21
Debt-to-income ratio20
Insufficient cash (downpayment, closing costs)5
Credit application incomplete5

Dundas, 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 - $100,000150 4926
$100,000 - $300,000804 4727
$300,000 - $500,0004 025

Dundas, 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 - $100,000874 4628
$100,000 - $300,00081 5220
$300,000 - $500,0002 00
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for FHA Mortgage Refinance in Dundas, 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%40 0
60 - 100%1361 15
100 - 200%19351 25
200 - 300%34348 22
300 - 400%22347 29
> 400%18238 36

Dundas, 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 Dwelling951 4727
Not Owner-Occupied As A Principal Dwelling6 6633
Not Applicable1 0100

Home Owner Property Type Statistics in Dundas, 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)918 4727
Manufactured Housing40 5035
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