Top Sedan, MN VA Mortgage Refinance Lenders

RankSedan VA Mortgage Refinance LenderSedan VA Home Loans Refinance ProcessedSedan VA Home Refinance Loans ApprovedSedan VA Home Refinance Loans DeniedSedan VA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansSedan VA Mortgage Refinance Median LTR for Denied Loans
1New Day Financial, Llc 29 13%44%
  • 293%
  • (194,000 Loan / $66,000 Income)
  • 215%
  • (110,000 Loan / $51,000 Income)
2Wells Fargo Bank 9 66%22%
  • 325%
  • (117,000 / $36,000)
  • 350%
  • (147,000 / $42,000)
3Quicken Loans 4 50%50%
  • 353%
  • (205,000 / $58,000)
  • 285%
  • (211,000 / $74,000)
4Nfcu 4 25%50%
  • 333%
  • (187,000 / $56,000)
  • 302%
  • (209,000 / $69,000)
5Bank Of America 4 75%0% 0 0
6Mortgage Investors Corp 3 66%0%
  • 191%
  • (111,000 / $58,000)
0
7Flagstar Bank 3 33%66%
  • 178%
  • (193,000 / $108,000)
  • 367%
  • (195,000 / $53,000)
8North Shore Bank Of Commerce 2 50%50%
  • 311%
  • (162,000 / $52,000)
  • 254%
  • (216,000 / $85,000)
9Mortgage Research Center 2 50%0%
  • 203%
  • (232,000 / $114,000)
0
10Ifreedom Direct Corporation 2 50%50%
  • 185%
  • (260,000 / $140,000)
  • 304%
  • (140,000 / $46,000)
11Bank Of The West 2 100%0%
  • 216%
  • (171,000 / $79,000)
0
12Usaa Federal Savings Bank 1 0%100% 0
  • 225%
  • (194,000 / $86,000)
13Taylor, Bean & Whitaker 1 0%100% 0
  • 262%
  • (118,000 / $45,000)
14Suntrust Mortgage 1 100%0% 0 0
15Sun West Mortgage Company 1 100%0%
  • 429%
  • (236,000 / $55,000)
0
16Residential Finance Corp. 1 100%0%
  • 588%
  • (259,000 / $44,000)
0
17Netmore America, 1 100%0%
  • 188%
  • (117,000 / $62,000)
0
18National City Bank 1 0%100% 0
  • 504%
  • (252,000 / $50,000)
19Minnwest Mortgage Corporation 1 100%0%
  • 96%
  • (203,000 / $211,000)
0
20Jpmorgan Chase Bank 1 100%0%
  • 273%
  • (112,000 / $41,000)
0

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

  1. Loan Applications Processed: 82
  2. Loan Applications Denied: 28
  3. % of Loan Applications Denied: 34
  4. # of Loan Originations: 33
  5. % of Loan Applications Originated 40

Sedan, MN VA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral35
Credit history35
Debt-to-income ratio15
Insufficient cash (downpayment, closing costs)5

Sedan, 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 - $100,00011 2745
$100,000 - $300,00065 4233
$300,000 - $500,0005 400
$500,000 - $1,000,0001 0100

Sedan, 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 - $100,00065 3738
$100,000 - $300,00017 4617

Loan to Income Ratios Research for VA Mortgage Refinance in Sedan, 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
30 - 60%1100 0
60 - 100%366 33
100 - 200%2236 31
200 - 300%2536 40
300 - 400%1936 36
> 400%1249 25

Sedan, 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 Dwelling81 4034
Not Owner-Occupied As A Principal Dwelling1 00

Home Owner Property Type Statistics in Sedan, 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)81 3934
Manufactured Housing1 1000
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