Top Erskine, MN FHA Mortgage Refinance Lenders

RankErskine FHA Mortgage LenderErskine FHA Home Refinance Loans ProcessedErskine FHA Home Refinance Loans ApprovedErskine FHA Home Refinance Loans DeniedErskine FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansErskine FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 15 46%26%
  • 194%
  • (68,000 Loan / $35,000 Income)
  • 286%
  • (195,000 Loan / $68,000 Income)
2Embrace Home Loans, 15 6%20%
  • 270%
  • (208,000 / $77,000)
  • 255%
  • (69,000 / $27,000)
3Quicken Loans 9 33%55%
  • 241%
  • (82,000 / $34,000)
  • 243%
  • (156,000 / $64,000)
4Countrywide Bank Fsb 7 57%42% 0
  • 213%
  • (113,000 / $53,000)
5Bank Of America 5 80%20%
  • 212%
  • (134,000 / $63,000)
  • 400%
  • (256,000 / $64,000)
6Wells Fargo Funding 4 100%0% 0 0
7Us Bank 4 75%25%
  • 172%
  • (107,000 / $62,000)
  • 203%
  • (59,000 / $29,000)
8Franklin American Mortgage Co 4 50%25%
  • 264%
  • (143,000 / $54,000)
  • 247%
  • (161,000 / $65,000)
9New Day Financial, Llc 3 0%66% 0
  • 291%
  • (195,000 / $67,000)
10Jpmorgan Chase Bank 3 66%33% 0
  • 216%
  • (195,000 / $90,000)
11Freedom Mortgage Corp. 3 0%100% 0
  • 243%
  • (161,000 / $66,000)
12Suntrust Mortgage 2 50%50%
  • 268%
  • (164,000 / $61,000)
  • 264%
  • (74,000 / $28,000)
13Shore Mortgage 2 100%0%
  • 336%
  • (84,000 / $25,000)
0
14Residential Finance Corp. 2 50%50%
  • 240%
  • (159,000 / $66,000)
  • 372%
  • (123,000 / $33,000)
15M&I Marshall & Ilsley Bank 2 0%50% 0
  • 278%
  • (78,000 / $28,000)
16Lsi Mortgage Plus 2 100%0%
  • 336%
  • (84,000 / $25,000)
0
17Lendsource Inc 2 0%100% 0
  • 314%
  • (220,000 / $70,000)
18Flagstar Bank 2 100%0%
  • 908%
  • (109,000 / $12,000)
0
19First Residential Mortgage 2 0%100% 0
  • 304%
  • (198,000 / $65,000)
20Citimortgage 2 100%0% 0 0

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

  1. Loan Applications Processed: 112
  2. Loan Applications Denied: 35
  3. % of Loan Applications Denied: 31
  4. # of Loan Originations: 53
  5. % of Loan Applications Originated 47

Erskine, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio38
Collateral26
Credit history15
Unverifiable information3
Insufficient cash (downpayment, closing costs)3

Erskine, 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 - $100,00044 3829
$100,000 - $300,00068 5232

Erskine, 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 - $100,000101 4733
$100,000 - $300,00010 4010
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for FHA Mortgage Refinance in Erskine, 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%10 0
30 - 60%20 0
60 - 100%450 0
100 - 200%2657 19
200 - 300%4836 45
300 - 400%2564 24
> 400%633 33

Erskine, 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 Dwelling112 4731

Home Owner Property Type Statistics in Erskine, 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)106 4730
Manufactured Housing6 5050
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