Top Clara City, MN VA Mortgage Refinance Lenders

RankClara City VA Mortgage Refinance LenderClara City VA Home Loans Refinance ProcessedClara City VA Home Refinance Loans ApprovedClara City VA Home Refinance Loans DeniedClara City VA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansClara City VA Mortgage Refinance Median LTR for Denied Loans
1New Day Financial, Llc 20 10%20%
  • 329%
  • (112,000 Loan / $34,000 Income)
  • 580%
  • (174,000 Loan / $30,000 Income)
2Wells Fargo Bank 15 46%26%
  • 204%
  • (145,000 / $71,000)
  • 305%
  • (238,000 / $78,000)
3Quicken Loans 10 60%30%
  • 347%
  • (309,000 / $89,000)
  • 463%
  • (153,000 / $33,000)
4Usaa Federal Savings Bank 3 0%100% 0
  • 167%
  • (144,000 / $86,000)
5Nfcu 3 33%66%
  • 216%
  • (130,000 / $60,000)
  • 362%
  • (134,000 / $37,000)
6Mortgage Investors Corp 3 33%33%
  • 241%
  • (295,000 / $122,000)
  • 78%
  • (135,000 / $173,000)
7Us Bank 2 100%0%
  • 317%
  • (143,000 / $45,000)
0
8The Business Bank 2 50%0%
  • 200%
  • (188,000 / $94,000)
0
9Reliance First Capital Llc 2 0%50% 0
  • 249%
  • (202,000 / $81,000)
10Pnc Bank N.A. 2 0%100% 0
  • 173%
  • (92,000 / $53,000)
11Ifreedom Direct Corporation 2 50%0%
  • 239%
  • (98,000 / $41,000)
0
12Citimortgage 2 100%0%
  • 239%
  • (170,000 / $71,000)
0
13Bank Of America 2 50%0% 0 0
14Prime Lending 1 100%0%
  • 261%
  • (154,000 / $59,000)
0
15Plaza Home Mortgage 1 0%0% 0 0
16Phh Mortgage Corporation 1 100%0%
  • 114%
  • (169,000 / $147,000)
0
17Nations Lending Corporation 1 0%0% 0 0
18National Bank Of Kansas City 1 0%100% 0
  • 202%
  • (207,000 / $102,000)
19Mortgage Research Center 1 0%0% 0 0
20Metlife Bank 1 0%100% 0
  • 387%
  • (159,000 / $41,000)

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

  1. Loan Applications Processed: 83
  2. Loan Applications Denied: 24
  3. % of Loan Applications Denied: 28
  4. # of Loan Originations: 29
  5. % of Loan Applications Originated 34

Clara City, MN VA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral45
Debt-to-income ratio22
Credit application incomplete18
Credit history13

Clara City, 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 - $100,00012 3333
$100,000 - $300,00061 3924
$300,000 - $500,00010 1050

Clara City, 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 - $100,00067 3526
$100,000 - $300,00016 3137

Loan to Income Ratios Research for VA Mortgage Refinance 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%10 100
100 - 200%2133 28
200 - 300%2065 25
300 - 400%2532 16
> 400%166 50

Clara City, 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 Dwelling83 3428

Home Owner Property Type Statistics in Clara City, 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)82 3529
Manufactured Housing1 00
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