Top Chokio, MN VA Mortgage Refinance Lenders

RankChokio VA Mortgage Refinance LenderChokio VA Home Loans Refinance ProcessedChokio VA Home Refinance Loans ApprovedChokio VA Home Refinance Loans DeniedChokio VA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansChokio VA Mortgage Refinance Median LTR for Denied Loans
1New Day Financial, Llc 6 0%50% 0
  • 236%
  • (90,000 Loan / $38,000 Income)
2Quicken Loans 4 75%25%
  • 293%
  • (223,000 / $76,000)
  • 153%
  • (63,000 / $41,000)
3Wells Fargo Bank 3 33%33%
  • 420%
  • (122,000 / $29,000)
  • 300%
  • (123,000 / $41,000)
4Mortgage Investors Corp 3 0%33% 0
  • 78%
  • (94,000 / $120,000)
5Summit Mortgage Corporation 2 50%0%
  • 535%
  • (332,000 / $62,000)
0
6Midcountry Bank 2 0%0% 0 0
7Jpmorgan Chase Bank 2 50%50% 0
  • 236%
  • (156,000 / $66,000)
8Ifreedom Direct Corporation 2 50%50%
  • 255%
  • (115,000 / $45,000)
  • 570%
  • (171,000 / $30,000)
9Citimortgage 2 100%0%
  • 201%
  • (179,000 / $89,000)
0
10Wells Fargo Funding 1 100%0% 0 0
11W. J. Bradley Mortgage Capital 1 100%0%
  • 270%
  • (138,000 / $51,000)
0
12Us Bank 1 0%0% 0 0
13The Business Bank 1 100%0%
  • 469%
  • (366,000 / $78,000)
0
14Suntrust Mortgage 1 100%0%
  • 309%
  • (170,000 / $55,000)
0
15River City Mortgage And Financ 1 100%0%
  • 119%
  • (131,000 / $110,000)
0
16Plaza Home Mortgage 1 0%0% 0 0
17Nfcu 1 100%0%
  • 102%
  • (71,000 / $69,000)
0
18Mortgage Research Center, Llc 1 100%0%
  • 280%
  • (258,000 / $92,000)
0
19Franklin American Mortgage Co 1 0%0% 0 0
20Bremer Bank Na (St Cloud) 1 0%0% 0 0

Chokio, MN VA Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 40
  2. Loan Applications Denied: 8
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 19
  5. % of Loan Applications Originated 47

Chokio, MN VA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral50
Insufficient cash (downpayment, closing costs)25

Chokio, MN VA 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 - $100,0006 1650
$100,000 - $300,00031 4716
$300,000 - $500,0003 990

Chokio, MN VA 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 - $100,00034 5217
$100,000 - $300,0005 2020
$300,000 - $500,0001 0100

Loan to Income Ratios Research for VA Mortgage Refinance 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%837 12
200 - 300%1655 18
300 - 400%450 0
> 400%955 22

Chokio, MN Home Owner Occupancy Type VA Mortgage Refinance Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling39 4820
Not Owner-Occupied As A Principal Dwelling1 00

Home Owner Property Type Statistics in Chokio, MN for VA 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)37 4816
Manufactured Housing3 3366
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