Top Minden, MN FHA Mortgage Refinance Lenders

RankMinden FHA Mortgage LenderMinden FHA Home Refinance Loans ProcessedMinden FHA Home Refinance Loans ApprovedMinden FHA Home Refinance Loans DeniedMinden FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansMinden FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 75 45%30%
  • 235%
  • (193,000 Loan / $82,000 Income)
  • 329%
  • (122,000 Loan / $37,000 Income)
2Embrace Home Loans, 21 0%47% 0
  • 222%
  • (140,000 / $63,000)
3Bremer Bank Na (St Cloud) 21 61%4%
  • 257%
  • (178,000 / $69,000)
  • 180%
  • (189,000 / $105,000)
4Jpmorgan Chase Bank 19 68%31%
  • 237%
  • (237,000 / $100,000)
  • 202%
  • (144,000 / $71,000)
5Us Bank 18 83%16%
  • 284%
  • (108,000 / $38,000)
  • 286%
  • (86,000 / $30,000)
6Bank Of America 17 76%23%
  • 370%
  • (137,000 / $37,000)
  • 244%
  • (188,000 / $77,000)
7Citimortgage 15 86%6%
  • 433%
  • (130,000 / $30,000)
  • 261%
  • (149,000 / $57,000)
8Liberty Savings Bank Fsb 10 80%20%
  • 254%
  • (173,000 / $68,000)
  • 471%
  • (264,000 / $56,000)
9Countrywide Bank Fsb 10 80%20%
  • 315%
  • (145,000 / $46,000)
  • 258%
  • (194,000 / $75,000)
10Bankvista 9 100%0%
  • 200%
  • (118,000 / $59,000)
0
11Wells Fargo Funding 6 100%0% 0 0
12Flagstar Bank 6 83%0%
  • 406%
  • (134,000 / $33,000)
0
13American Equity Mortgage, 6 50%50%
  • 250%
  • (188,000 / $75,000)
  • 359%
  • (169,000 / $47,000)
14Suntrust Mortgage 5 100%0%
  • 244%
  • (137,000 / $56,000)
0
15Summit Mortgage Corporation 5 60%20%
  • 318%
  • (121,000 / $38,000)
  • 234%
  • (171,000 / $73,000)
16First Guaranty Mortgage Corp 5 60%20%
  • 231%
  • (236,000 / $102,000)
  • 319%
  • (134,000 / $42,000)
17Quicken Loans 4 0%100% 0
  • 410%
  • (123,000 / $30,000)
18Ally Bank F/K/A/ Gmac Bank 4 0%25% 0
  • 587%
  • (182,000 / $31,000)
19The Business Bank 3 100%0%
  • 336%
  • (138,000 / $41,000)
0
20Reliance First Capital Llc 3 0%33% 0
  • 238%
  • (143,000 / $60,000)

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

  1. Loan Applications Processed: 327
  2. Loan Applications Denied: 82
  3. % of Loan Applications Denied: 25
  4. # of Loan Originations: 187
  5. % of Loan Applications Originated 57

Minden, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral39
Debt-to-income ratio21
Credit history11
Credit application incomplete9
Unverifiable information7

Minden, 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 - $100,00023 4330
$100,000 - $300,000304 5724

Minden, 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 - $100,000304 5625
$100,000 - $300,00022 5918
$500,000 - $1,000,0001 00

Loan to Income Ratios Research for FHA Mortgage Refinance in Minden, 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%1100 0
60 - 100%1100 0
100 - 200%6353 23
200 - 300%12156 23
300 - 400%9465 21
> 400%4640 41

Minden, 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 Dwelling326 5725
Not Owner-Occupied As A Principal Dwelling1 1000

Home Owner Property Type Statistics in Minden, 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)326 5725
Manufactured Housing1 1000
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