Top Eagle Lake, MN FHA Mortgage Refinance Lenders

RankEagle Lake FHA Mortgage LenderEagle Lake FHA Home Refinance Loans ProcessedEagle Lake FHA Home Refinance Loans ApprovedEagle Lake FHA Home Refinance Loans DeniedEagle Lake FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansEagle Lake FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 197 33%32%
  • 256%
  • (169,000 Loan / $66,000 Income)
  • 292%
  • (149,000 Loan / $51,000 Income)
2Countrywide Bank Fsb 83 60%32%
  • 215%
  • (127,000 / $59,000)
  • 292%
  • (111,000 / $38,000)
3Embrace Home Loans, 63 11%49%
  • 194%
  • (136,000 / $70,000)
  • 296%
  • (190,000 / $64,000)
4Bank Of America 53 73%18%
  • 283%
  • (156,000 / $55,000)
  • 250%
  • (205,000 / $82,000)
5Us Bank 45 62%24%
  • 228%
  • (128,000 / $56,000)
  • 257%
  • (144,000 / $56,000)
6Jpmorgan Chase Bank 37 89%8%
  • 300%
  • (183,000 / $61,000)
  • 329%
  • (188,000 / $57,000)
7Wells Fargo Funding 30 100%0% 0 0
8Citimortgage 30 80%13%
  • 197%
  • (176,000 / $89,000)
  • 400%
  • (100,000 / $25,000)
9Quicken Loans 26 61%34%
  • 284%
  • (91,000 / $32,000)
  • 212%
  • (70,000 / $33,000)
10Summit Mortgage Corporation 25 80%4%
  • 280%
  • (227,000 / $81,000)
  • 100%
  • (230,000 / $228,000)
11Franklin American Mortgage Co 25 72%4%
  • 273%
  • (82,000 / $30,000)
  • 448%
  • (233,000 / $52,000)
12New Day Financial, Llc 16 6%75%
  • 245%
  • (113,000 / $46,000)
  • 393%
  • (173,000 / $44,000)
13Flagstar Bank 16 62%18%
  • 274%
  • (107,000 / $39,000)
  • 433%
  • (130,000 / $30,000)
14Freedom Mortgage Corp. 13 30%53%
  • 337%
  • (135,000 / $40,000)
  • 317%
  • (178,000 / $56,000)
15Suntrust Mortgage 12 66%8%
  • 289%
  • (159,000 / $55,000)
  • 305%
  • (162,000 / $53,000)
16Ally Bank F/K/A/ Gmac Bank 10 30%40%
  • 190%
  • (97,000 / $51,000)
  • 319%
  • (230,000 / $72,000)
17Taylor, Bean & Whitaker 9 44%55%
  • 315%
  • (126,000 / $40,000)
  • 352%
  • (268,000 / $76,000)
18Security Atlantic Wholesale 9 66%11%
  • 358%
  • (104,000 / $29,000)
  • 286%
  • (149,000 / $52,000)
19American Equity Mortgage, 9 77%11%
  • 262%
  • (105,000 / $40,000)
  • 440%
  • (220,000 / $50,000)
20Reliance First Capital Llc 8 0%37% 0
  • 414%
  • (621,000 / $150,000)

Eagle Lake, MN FHA Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 971
  2. Loan Applications Denied: 264
  3. % of Loan Applications Denied: 27
  4. # of Loan Originations: 493
  5. % of Loan Applications Originated 50

Eagle Lake, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral41
Credit history21
Debt-to-income ratio18
Credit application incomplete4
Insufficient cash (downpayment, closing costs)3

Eagle Lake, 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 - $100,000214 5426
$100,000 - $300,000749 4927
$300,000 - $500,0007 2842
$500,000 - $1,000,0001 0100

Eagle Lake, 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 - $100,000905 4927
$100,000 - $300,00065 5326
$300,000 - $500,0001 1000

Loan to Income Ratios Research for FHA Mortgage Refinance in Eagle Lake, 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%250 50
60 - 100%2254 22
100 - 200%21254 22
200 - 300%36649 25
300 - 400%22549 28
> 400%14443 35

Eagle Lake, 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 Dwelling964 5027
Not Owner-Occupied As A Principal Dwelling7 5728

Home Owner Property Type Statistics in Eagle Lake, 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)924 5126
Manufactured Housing47 3846
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