Top Chokio, MN VA Mortgage Lenders

RankChokio VA Mortgage LenderChokio VA Home Loans ProcessedChokio VA Home Loans ApprovedChokio VA Home Loans DeniedChokio VA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChokio VA Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 16 87%6%
  • 263%
  • (100,000 Loan / $38,000 Income)
  • 300%
  • (123,000 Loan / $41,000 Income)
2New Day Financial, Llc 6 0%50% 0
  • 236%
  • (90,000 / $38,000)
3Jpmorgan Chase Bank 6 83%16%
  • 270%
  • (265,000 / $98,000)
  • 236%
  • (156,000 / $66,000)
4Citimortgage 6 83%0%
  • 201%
  • (179,000 / $89,000)
0
5Summit Mortgage Corporation 5 60%0%
  • 535%
  • (332,000 / $62,000)
0
6Us Bank 4 75%0%
  • 220%
  • (426,000 / $193,000)
0
7Quicken Loans 4 75%25%
  • 293%
  • (223,000 / $76,000)
  • 153%
  • (63,000 / $41,000)
8The Business Bank 3 100%0%
  • 469%
  • (366,000 / $78,000)
0
9Mortgage Investors Corp 3 0%33% 0
  • 78%
  • (94,000 / $120,000)
10River City Mortgage And Financ 2 50%50%
  • 119%
  • (131,000 / $110,000)
  • 320%
  • (154,000 / $48,000)
11Midcountry Bank 2 0%0% 0 0
12Ifreedom Direct Corporation 2 50%50%
  • 255%
  • (115,000 / $45,000)
  • 570%
  • (171,000 / $30,000)
13Franklin American Mortgage Co 2 0%0% 0 0
14Barrington Bank & Trust Co.Na 2 100%0%
  • 421%
  • (274,000 / $65,000)
0
15Bankmortgagesolutions L.L.C. 2 100%0%
  • 166%
  • (140,000 / $84,000)
0
16Wells Fargo Funding 1 100%0% 0 0
17W. J. Bradley Mortgage Capital 1 100%0%
  • 270%
  • (138,000 / $51,000)
0
18Taylor, Bean & Whitaker 1 100%0% 0 0
19Suntrust Mortgage 1 100%0%
  • 309%
  • (170,000 / $55,000)
0
20Riverwood Bank 1 100%0%
  • 220%
  • (426,000 / $193,000)
0

Chokio, MN VA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 79
  2. Loan Applications Denied: 9
  3. % of Loan Applications Denied: 11
  4. # of Loan Originations: 54
  5. % of Loan Applications Originated 68

Chokio, MN VA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral60
Insufficient cash (downpayment, closing costs)20

Chokio, MN VA Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00010 4030
$100,000 - $300,00063 699
$300,000 - $500,0006 990

Chokio, MN VA Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,00067 6910
$100,000 - $300,00011 639
$300,000 - $500,0001 0100

Loan to Income Ratios Research for VA Mortgage in Chokio, 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%10 0
60 - 100%10 100
100 - 200%1866 5
200 - 300%2971 10
300 - 400%1471 7
> 400%1572 13

Chokio, MN Home Owner Occupancy Type VA Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling78 6911
Not Owner-Occupied As A Principal Dwelling1 00

Home Owner Property Type Statistics in Chokio, MN for VA 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)75 699
Manufactured Housing4 5050
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