Top Scandia Valley, MN FHA Mortgage Lenders

RankScandia Valley FHA Mortgage LenderScandia Valley FHA Home Loans ProcessedScandia Valley FHA Home Loans ApprovedScandia Valley FHA Home Loans DeniedScandia Valley FHA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansScandia Valley Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 28 50%25%
  • 271%
  • (228,000 Loan / $84,000 Income)
  • 218%
  • (127,000 Loan / $58,000 Income)
2Bell America Mortgage Llc Dba 18 33%11%
  • 327%
  • (177,000 / $54,000)
  • 305%
  • (110,000 / $36,000)
3Jpmorgan Chase Bank 12 83%16%
  • 340%
  • (272,000 / $80,000)
  • 343%
  • (275,000 / $80,000)
4Us Bank 10 90%0%
  • 210%
  • (147,000 / $70,000)
0
5Embrace Home Loans, 10 10%40%
  • 201%
  • (131,000 / $65,000)
  • 275%
  • (132,000 / $48,000)
6Countrywide Bank Fsb 8 50%50%
  • 236%
  • (177,000 / $75,000)
  • 219%
  • (112,000 / $51,000)
7Wells Fargo Funding 6 100%0% 0 0
8Quicken Loans 4 100%0%
  • 346%
  • (201,000 / $58,000)
0
9Prime Lending 3 66%0%
  • 234%
  • (162,000 / $69,000)
0
10New Day Financial, Llc 3 33%33%
  • 245%
  • (172,000 / $70,000)
  • 765%
  • (222,000 / $29,000)
11Franklin American Mortgage Co 3 66%0%
  • 197%
  • (140,000 / $71,000)
0
12Bank Of America 3 100%0% 0 0
13Taylor, Bean & Whitaker 2 100%0%
  • 164%
  • (115,000 / $70,000)
0
14Sun West Mortgage Company 2 50%0% 0 0
15Premium Capital Funding Llc 2 100%0%
  • 300%
  • (174,000 / $58,000)
0
16Nationstar Mortgage Llc 2 50%0%
  • 321%
  • (106,000 / $33,000)
0
17M&I Bank Fsb 2 100%0%
  • 334%
  • (174,000 / $52,000)
0
18Home Savings Of America 2 0%50% 0
  • 230%
  • (120,000 / $52,000)
19Freedom Mortgage Corp. 2 0%50% 0
  • 218%
  • (153,000 / $70,000)
20Fifth Third Mortgage Company 2 50%50%
  • 513%
  • (113,000 / $22,000)
  • 448%
  • (112,000 / $25,000)

Scandia Valley, MN FHA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 152
  2. Loan Applications Denied: 29
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 83
  5. % of Loan Applications Originated 54

Scandia Valley, MN FHA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral33
Credit history19
Credit application incomplete14
Debt-to-income ratio9
Unverifiable information4

Scandia Valley, MN FHA Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00036 4911
$100,000 - $300,000116 5521

Scandia Valley, MN FHA Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000139 5219
$100,000 - $300,00013 6815

Loan to Income Ratios Research for FHA Mortgage in Scandia Valley, 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
30 - 60%1100 0
60 - 100%756 14
100 - 200%3655 19
200 - 300%5556 18
300 - 400%3857 18
> 400%1532 26

Scandia Valley, MN Home Owner Occupancy Type FHA Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling152 5419

Home Owner Property Type Statistics in Scandia Valley, MN for FHA Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)140 5518
Manufactured Housing12 4125
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