Top Fairfield, MN FHA Mortgage Refinance Lenders

RankFairfield FHA Mortgage LenderFairfield FHA Home Refinance Loans ProcessedFairfield FHA Home Refinance Loans ApprovedFairfield FHA Home Refinance Loans DeniedFairfield FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansFairfield FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 10 40%10%
  • 301%
  • (184,000 Loan / $61,000 Income)
  • 421%
  • (236,000 Loan / $56,000 Income)
2Wells Fargo Funding 4 100%0% 0 0
3Embrace Home Loans, 4 25%25%
  • 384%
  • (200,000 / $52,000)
  • 172%
  • (172,000 / $100,000)
4Citimortgage 4 75%0% 0 0
5Bank Of America 4 75%0% 0 0
6Jpmorgan Chase Bank 3 66%33% 0
  • 888%
  • (151,000 / $17,000)
7Guaranteed Rate Inc 3 100%0%
  • 232%
  • (58,000 / $25,000)
0
8Us Bank 2 100%0%
  • 323%
  • (262,000 / $81,000)
0
9New Day Financial, Llc 2 0%50% 0
  • 941%
  • (113,000 / $12,000)
10Nationstar Mortgage Llc 2 0%100% 0
  • 301%
  • (181,000 / $60,000)
11Home Loan Center 2 0%50% 0
  • 425%
  • (183,000 / $43,000)
12Universal Mortgage Corporation 1 100%0%
  • 402%
  • (201,000 / $50,000)
0
13Towne Mortgage Company 1 0%0% 0 0
14Taylor, Bean & Whitaker 1 100%0%
  • 152%
  • (131,000 / $86,000)
0
15Summit Mortgage Corporation 1 0%0% 0 0
16Shore Mortgage 1 0%100% 0
  • 345%
  • (159,000 / $46,000)
17Riverwood Bank 1 0%100% 0
  • 190%
  • (141,000 / $74,000)
18Reliance First Capital Llc 1 100%0%
  • 178%
  • (132,000 / $74,000)
0
19Premium Capital Funding Llc 1 0%0% 0 0
20Plaza Home Mortgage, 1 100%0%
  • 1106%
  • (321,000 / $29,000)
0

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

  1. Loan Applications Processed: 67
  2. Loan Applications Denied: 16
  3. % of Loan Applications Denied: 23
  4. # of Loan Originations: 35
  5. % of Loan Applications Originated 52

Fairfield, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Debt-to-income ratio45
Collateral36
Employment history9

Fairfield, 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 - $100,0007 7014
$100,000 - $300,00057 4826
$300,000 - $500,0003 660

Fairfield, 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 - $100,00060 4726
$100,000 - $300,0006 830
$300,000 - $500,0001 1000

Loan to Income Ratios Research for FHA Mortgage Refinance in Fairfield, 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
60 - 100%2100 0
100 - 200%944 22
200 - 300%1952 10
300 - 400%1865 22
> 400%1936 42

Fairfield, 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 Dwelling66 5124
Not Owner-Occupied As A Principal Dwelling1 1000

Home Owner Property Type Statistics in Fairfield, 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)60 5025
Manufactured Housing7 7114
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