Top Spring Valley, MN VA Mortgage Refinance Lenders

RankSpring Valley VA Mortgage Refinance LenderSpring Valley VA Home Loans Refinance ProcessedSpring Valley VA Home Refinance Loans ApprovedSpring Valley VA Home Refinance Loans DeniedSpring Valley VA Mortgage Refinance Median Loan to Income Ratio (LTR) for Approved LoansSpring Valley VA Mortgage Refinance Median LTR for Denied Loans
1Wells Fargo Bank 8 75%12%
  • 174%
  • (143,000 Loan / $82,000 Income)
  • 154%
  • (71,000 Loan / $46,000 Income)
2New Day Financial, Llc 7 0%42% 0
  • 181%
  • (125,000 / $69,000)
3Citimortgage 5 40%20%
  • 205%
  • (162,000 / $79,000)
  • 227%
  • (175,000 / $77,000)
4Quicken Loans 4 100%0%
  • 256%
  • (277,000 / $108,000)
0
5Bank Of America 4 100%0% 0 0
6Us Bank 3 66%33%
  • 174%
  • (101,000 / $58,000)
  • 92%
  • (178,000 / $193,000)
7Jpmorgan Chase Bank 3 100%0% 0 0
8Ifreedom Direct Corporation 3 100%0%
  • 143%
  • (142,000 / $99,000)
0
9Wells Fargo Funding 2 100%0% 0 0
10Usaa Federal Savings Bank 2 0%100% 0
  • 277%
  • (197,000 / $71,000)
11Nfcu 2 50%0%
  • 186%
  • (220,000 / $118,000)
0
12Mortgage Investors Corp 2 0%0% 0 0
13Franklin American Mortgage Co 2 100%0%
  • 325%
  • (117,000 / $36,000)
0
14The Business Bank 1 100%0%
  • 223%
  • (159,000 / $71,000)
0
15Suntrust Mortgage 1 100%0% 0 0
16Summit Mortgage Corporation 1 100%0%
  • 382%
  • (130,000 / $34,000)
0
17Starion Financial 1 100%0%
  • 365%
  • (252,000 / $69,000)
0
18Residential Finance Corp. 1 100%0%
  • 151%
  • (117,000 / $77,000)
0
19Phh Mortgage Corporation 1 100%0%
  • 365%
  • (252,000 / $69,000)
0
20Nations Lending Corporation 1 0%0% 0 0

Spring Valley, MN VA Mortgage Refinance Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 66
  2. Loan Applications Denied: 10
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 44
  5. % of Loan Applications Originated 66

Spring Valley, MN VA Home Loan Refinance Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history25
Debt-to-income ratio12
Collateral12
Unverifiable information12
Insufficient cash (downpayment, closing costs)12

Spring Valley, 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 5016
$100,000 - $300,00059 6715
$500,000 - $1,000,0001 1000

Spring Valley, 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 - $100,00052 7113
$100,000 - $300,00013 5323
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for VA Mortgage Refinance in Spring Valley, 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 0
60 - 100%250 50
100 - 200%2572 12
200 - 300%2258 18
300 - 400%1080 10
> 400%666 16

Spring Valley, 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 Dwelling66 6615

Home Owner Property Type Statistics in Spring Valley, 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)66 6615
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