Top Waterville, MN FHA Mortgage Refinance Lenders

RankWaterville FHA Mortgage LenderWaterville FHA Home Refinance Loans ProcessedWaterville FHA Home Refinance Loans ApprovedWaterville FHA Home Refinance Loans DeniedWaterville FHA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansWaterville FHA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 145 31%26%
  • 235%
  • (139,000 Loan / $59,000 Income)
  • 274%
  • (140,000 Loan / $51,000 Income)
2Embrace Home Loans, 56 8%53%
  • 210%
  • (137,000 / $65,000)
  • 366%
  • (110,000 / $30,000)
3Bank Of America 35 80%11% 0
  • 277%
  • (244,000 / $88,000)
4Countrywide Bank Fsb 34 67%26%
  • 267%
  • (166,000 / $62,000)
  • 312%
  • (125,000 / $40,000)
5Jpmorgan Chase Bank 24 91%4%
  • 252%
  • (179,000 / $71,000)
  • 212%
  • (106,000 / $50,000)
6Us Bank 23 69%17%
  • 262%
  • (131,000 / $50,000)
  • 426%
  • (81,000 / $19,000)
7New Day Financial, Llc 23 4%60%
  • 283%
  • (102,000 / $36,000)
  • 288%
  • (216,000 / $75,000)
8Wells Fargo Funding 22 100%0% 0 0
9Cornerstone Mortgage Company 19 94%0%
  • 252%
  • (192,000 / $76,000)
0
10Citimortgage 19 89%10%
  • 220%
  • (212,000 / $96,000)
  • 360%
  • (90,000 / $25,000)
11Quicken Loans 18 44%50%
  • 373%
  • (142,000 / $38,000)
  • 297%
  • (110,000 / $37,000)
12American Equity Mortgage, 15 53%13%
  • 302%
  • (212,000 / $70,000)
  • 276%
  • (141,000 / $51,000)
13Franklin American Mortgage Co 13 61%7%
  • 245%
  • (157,000 / $64,000)
  • 238%
  • (191,000 / $80,000)
14Summit Mortgage Corporation 11 54%0%
  • 250%
  • (178,000 / $71,000)
0
15Home Loan Center 11 18%27%
  • 397%
  • (143,000 / $36,000)
  • 222%
  • (196,000 / $88,000)
16Freedom Mortgage Corp. 11 45%9%
  • 376%
  • (158,000 / $42,000)
  • 476%
  • (186,000 / $39,000)
17Lake State Federal Credit Unio 9 0%22% 0
  • 323%
  • (84,000 / $26,000)
18Shore Mortgage 8 37%25%
  • 234%
  • (199,000 / $85,000)
  • 600%
  • (150,000 / $25,000)
19Marketplace Home Mortgage Llc 8 50%12%
  • 303%
  • (158,000 / $52,000)
  • 217%
  • (198,000 / $91,000)
20Lendsource Inc 8 25%12%
  • 302%
  • (118,000 / $39,000)
  • 180%
  • (144,000 / $80,000)

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

  1. Loan Applications Processed: 703
  2. Loan Applications Denied: 170
  3. % of Loan Applications Denied: 24
  4. # of Loan Originations: 331
  5. % of Loan Applications Originated 47

Waterville, MN FHA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral40
Credit history19
Debt-to-income ratio17
Unverifiable information4
Credit application incomplete4

Waterville, 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 - $100,00095 4326
$100,000 - $300,000605 4723
$300,000 - $500,0002 0100
$500,000 - $1,000,0001 1000

Waterville, 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 - $100,000631 4625
$100,000 - $300,00068 4914
$300,000 - $500,0001 1000
$500,000 - $1,000,0003 3366

Loan to Income Ratios Research for FHA Mortgage Refinance in Waterville, 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%10 100
30 - 60%40 50
60 - 100%1050 30
100 - 200%14241 22
200 - 300%24757 20
300 - 400%17243 24
> 400%12738 30

Waterville, 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 Dwelling700 4724
Not Owner-Occupied As A Principal Dwelling2 500
Not Applicable1 1000

Home Owner Property Type Statistics in Waterville, 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)681 4723
Manufactured Housing22 4036
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