Top Fairfield, MN Mortgage Refinance Lenders

RankFairfield Mortgage Refinance LenderFairfield Home Refinance Loans ProcessedFairfield Home Refinance Loans ApprovedFairfield Home Refinance Loans DeniedFairfield Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansFairfield Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 360 69%12%
  • 186%
  • (213,000 Loan / $114,000 Income)
  • 269%
  • (286,000 Loan / $106,000 Income)
2Us Bank 241 82%11%
  • 226%
  • (204,000 / $90,000)
  • 262%
  • (299,000 / $114,000)
3Jpmorgan Chase Bank 125 83%12%
  • 228%
  • (245,000 / $107,000)
  • 458%
  • (197,000 / $43,000)
4Countrywide Bank Fsb 78 75%14%
  • 268%
  • (271,000 / $101,000)
  • 304%
  • (381,000 / $125,000)
5Citimortgage 72 68%18%
  • 209%
  • (400,000 / $191,000)
  • 318%
  • (121,000 / $38,000)
6Bank Of America 71 69%16%
  • 214%
  • (361,000 / $168,000)
  • 344%
  • (269,000 / $78,000)
7Riverwood Bank 64 73%7%
  • 259%
  • (417,000 / $161,000)
  • 269%
  • (237,000 / $88,000)
8Countrywide Home Loans 51 82%13%
  • 243%
  • (1,000,000 / $410,000)
  • 236%
  • (170,000 / $72,000)
9Citibank 39 71%5%
  • 129%
  • (198,000 / $153,000)
  • 403%
  • (250,000 / $62,000)
10The Business Bank 34 94%2%
  • 166%
  • (240,000 / $144,000)
  • 375%
  • (417,000 / $111,000)
11Provident Funding Associates 33 69%18%
  • 192%
  • (382,000 / $198,000)
  • 571%
  • (360,000 / $63,000)
12Us Bank North Dakota 31 35%38%
  • 172%
  • (117,000 / $68,000)
  • 212%
  • (115,000 / $54,000)
13Unity Bank 29 75%17%
  • 152%
  • (90,000 / $59,000)
  • 285%
  • (180,000 / $63,000)
14Affinity Plus Federal Credit U 29 72%3%
  • 140%
  • (176,000 / $125,000)
  • 10%
  • (13,000 / $123,000)
15Wells Fargo Funding 27 100%0%
  • 150%
  • (200,000 / $133,000)
0
16Us Bk Na Nd 25 40%36%
  • 95%
  • (106,000 / $111,000)
  • 113%
  • (110,000 / $97,000)
17Frandsen Bank & Trust 24 79%16%
  • 151%
  • (183,000 / $121,000)
  • 188%
  • (240,000 / $127,000)
18Quicken Loans 18 72%11%
  • 232%
  • (123,000 / $53,000)
  • 590%
  • (242,000 / $41,000)
19Metlife Bank 16 56%43%
  • 333%
  • (383,000 / $115,000)
  • 242%
  • (85,000 / $35,000)
20Ing Bank, Fsb 15 46%46%
  • 193%
  • (925,000 / $477,000)
  • 208%
  • (450,000 / $216,000)

Fairfield, MN Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 2,148
  2. Loan Applications Denied: 344
  3. % of Loan Applications Denied: 16
  4. # of Loan Originations: 1,477
  5. % of Loan Applications Originated 68

Fairfield, MN Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral22
Debt-to-income ratio20
Credit history11
Credit application incomplete5
Unverifiable information4

Fairfield, MN Mortgage Refinance Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000296 6516
$100,000 - $300,0001,235 6815
$300,000 - $500,000511 7015
$500,000 - $1,000,00088 6025
$1,000,000 - $1,500,00016 6218
> $2,000,0002 1000

Fairfield, MN 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 - $100,0001,118 6220
$100,000 - $300,000835 7411
$300,000 - $500,000127 7214
$500,000 - $1,000,00056 828
$1,000,000 - $1,500,0009 7711
> $2,000,0003 1000

Loan to Income Ratios Research for 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
0 - 30%2364 21
30 - 60%9274 11
60 - 100%22176 10
100 - 200%64472 11
200 - 300%49269 14
300 - 400%30163 20
> 400%37555 25

Fairfield, MN Home Owner Occupancy Type Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling1,144 6219
Not Owner-Occupied As A Principal Dwelling995 7612
Not Applicable3 660

Home Owner Property Type Statistics in Fairfield, MN for 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)2,075 6815
Manufactured Housing44 6134
One To Four-Family29 726
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