Top Sedan, MN FHA Mortgage Refinance Lenders

RankSedan FHA Mortgage LenderSedan FHA Home Refinance Loans ProcessedSedan FHA Home Refinance Loans ApprovedSedan FHA Home Refinance Loans DeniedSedan FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansSedan FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 197 37%32%
  • 266%
  • (168,000 Loan / $63,000 Income)
  • 292%
  • (149,000 Loan / $51,000 Income)
2Embrace Home Loans, 91 5%52%
  • 173%
  • (97,000 / $56,000)
  • 298%
  • (227,000 / $76,000)
3Bank Of America 60 78%15%
  • 314%
  • (88,000 / $28,000)
  • 209%
  • (107,000 / $51,000)
4Countrywide Bank Fsb 50 62%28%
  • 215%
  • (127,000 / $59,000)
  • 297%
  • (128,000 / $43,000)
5Quicken Loans 37 72%21%
  • 208%
  • (271,000 / $130,000)
  • 225%
  • (70,000 / $31,000)
6Us Bank 33 54%27%
  • 228%
  • (128,000 / $56,000)
  • 242%
  • (121,000 / $50,000)
7New Day Financial, Llc 31 3%51%
  • 268%
  • (161,000 / $60,000)
  • 393%
  • (173,000 / $44,000)
8Jpmorgan Chase Bank 31 83%16%
  • 305%
  • (107,000 / $35,000)
  • 326%
  • (186,000 / $57,000)
9Wells Fargo Funding 30 100%0% 0 0
10Citimortgage 17 70%17%
  • 401%
  • (269,000 / $67,000)
  • 400%
  • (100,000 / $25,000)
11Summit Mortgage Corporation 15 86%0%
  • 312%
  • (150,000 / $48,000)
0
12Everett Financial 15 40%20%
  • 215%
  • (99,000 / $46,000)
  • 330%
  • (274,000 / $83,000)
13Reliance First Capital Llc 14 0%21% 0
  • 458%
  • (229,000 / $50,000)
14Freedom Mortgage Corp. 12 25%33%
  • 174%
  • (183,000 / $105,000)
  • 317%
  • (178,000 / $56,000)
15Franklin American Mortgage Co 10 100%0%
  • 322%
  • (161,000 / $50,000)
0
16American Equity Mortgage, 10 50%30%
  • 343%
  • (227,000 / $66,000)
  • 371%
  • (223,000 / $60,000)
17M&I Bank Fsb 9 22%66%
  • 453%
  • (136,000 / $30,000)
  • 395%
  • (95,000 / $24,000)
18Flagstar Bank 9 33%33%
  • 205%
  • (208,000 / $101,000)
  • 433%
  • (130,000 / $30,000)
19North Shore Bank Of Commerce 8 75%0%
  • 354%
  • (170,000 / $48,000)
0
20Taylor, Bean & Whitaker 7 57%42%
  • 315%
  • (126,000 / $40,000)
  • 372%
  • (190,000 / $51,000)

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

  1. Loan Applications Processed: 909
  2. Loan Applications Denied: 264
  3. % of Loan Applications Denied: 29
  4. # of Loan Originations: 425
  5. % of Loan Applications Originated 46

Sedan, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral43
Credit history21
Debt-to-income ratio18
Credit application incomplete4
Unverifiable information2

Sedan, 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 - $100,000217 4527
$100,000 - $300,000681 4729
$300,000 - $500,00011 2736

Sedan, 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 - $100,000851 4529
$100,000 - $300,00056 4619
$300,000 - $500,0001 1000
$1,000,000 - $1,500,0001 1000

Loan to Income Ratios Research for FHA Mortgage Refinance in Sedan, 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%1100 0
30 - 60%366 33
60 - 100%1740 17
100 - 200%22646 22
200 - 300%32248 27
300 - 400%21650 28
> 400%12435 45

Sedan, 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 Dwelling905 4629
Not Owner-Occupied As A Principal Dwelling3 660
Not Applicable1 1000

Home Owner Property Type Statistics in Sedan, 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)870 4728
Manufactured Housing39 2551
More Sedan, MN Mortgage Research: