Top Clara City, MN VA Mortgage Lenders

RankClara City VA Mortgage LenderClara City VA Home Loans ProcessedClara City VA Home Loans ApprovedClara City VA Home Loans DeniedClara City VA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansClara City VA Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 47 74%14%
  • 235%
  • (120,000 Loan / $51,000 Income)
  • 305%
  • (238,000 Loan / $78,000 Income)
2New Day Financial, Llc 20 10%20%
  • 329%
  • (112,000 / $34,000)
  • 580%
  • (174,000 / $30,000)
3Usaa Federal Savings Bank 11 45%54%
  • 303%
  • (100,000 / $33,000)
  • 208%
  • (73,000 / $35,000)
4Quicken Loans 10 60%30%
  • 347%
  • (309,000 / $89,000)
  • 463%
  • (153,000 / $33,000)
5Cornerstone Mortgage Company 10 90%0%
  • 265%
  • (138,000 / $52,000)
0
6Us Bank 9 66%22%
  • 278%
  • (92,000 / $33,000)
  • 528%
  • (280,000 / $53,000)
7Jpmorgan Chase Bank 7 100%0% 0 0
8Wells Fargo Funding 5 100%0% 0 0
9Bank Of America 5 80%0% 0 0
10Phh Home Loans 4 75%25%
  • 321%
  • (103,000 / $32,000)
  • 270%
  • (281,000 / $104,000)
11Citimortgage 4 100%0%
  • 239%
  • (170,000 / $71,000)
0
12The Business Bank 3 66%0%
  • 543%
  • (201,000 / $37,000)
0
13State Bank & Trust 3 33%33%
  • 338%
  • (186,000 / $55,000)
  • 255%
  • (245,000 / $96,000)
14Nfcu 3 33%66%
  • 216%
  • (130,000 / $60,000)
  • 362%
  • (134,000 / $37,000)
15Mortgage Investors Corp 3 33%33%
  • 241%
  • (295,000 / $122,000)
  • 78%
  • (135,000 / $173,000)
16Ifreedom Direct Corporation 3 66%0%
  • 246%
  • (143,000 / $58,000)
0
17Barrington Bank & Trust Co.Na 3 33%33%
  • 159%
  • (97,000 / $61,000)
  • 211%
  • (381,000 / $180,000)
18Reliance First Capital Llc 2 0%50% 0
  • 249%
  • (202,000 / $81,000)
19Prime Lending 2 100%0%
  • 392%
  • (165,000 / $42,000)
0
20Pnc Bank N.A. 2 0%100% 0
  • 173%
  • (92,000 / $53,000)

Clara City, MN VA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 186
  2. Loan Applications Denied: 37
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 112
  5. % of Loan Applications Originated 60

Clara City, MN VA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral42
Debt-to-income ratio18
Credit history18
Credit application incomplete12
Unverifiable information6

Clara City, 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 - $100,00028 5625
$100,000 - $300,000145 6317
$300,000 - $500,00013 2338

Clara City, 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 - $100,000160 6217
$100,000 - $300,00026 4534

Loan to Income Ratios Research for VA Mortgage in Clara City, 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
60 - 100%20 50
100 - 200%4157 19
200 - 300%6078 15
300 - 400%5455 16
> 400%2937 34

Clara City, 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 Dwelling185 6020
Not Applicable1 1000

Home Owner Property Type Statistics in Clara City, 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)182 5920
Manufactured Housing4 750
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