Top Sedan, MN VA Mortgage Lenders

RankSedan VA Mortgage LenderSedan VA Home Loans ProcessedSedan VA Home Loans ApprovedSedan VA Home Loans DeniedSedan VA Mortgage Median Loan to Income Ratio (LTR) for Approved LoansSedan VA Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 52 76%11%
  • 302%
  • (121,000 Loan / $40,000 Income)
  • 290%
  • (122,000 Loan / $42,000 Income)
2New Day Financial, Llc 29 13%44%
  • 293%
  • (194,000 / $66,000)
  • 215%
  • (110,000 / $51,000)
3Us Bank 11 81%18%
  • 347%
  • (132,000 / $38,000)
  • 220%
  • (139,000 / $63,000)
4Bank Of America 9 88%0%
  • 323%
  • (365,000 / $113,000)
0
5Usaa Federal Savings Bank 8 87%12%
  • 203%
  • (177,000 / $87,000)
  • 225%
  • (194,000 / $86,000)
6Flagstar Bank 8 75%25%
  • 290%
  • (87,000 / $30,000)
  • 367%
  • (195,000 / $53,000)
7Wells Fargo Funding 7 100%0% 0 0
8Mortgage Research Center, Llc 6 50%50%
  • 185%
  • (87,000 / $47,000)
  • 271%
  • (114,000 / $42,000)
9Citimortgage 6 100%0%
  • 284%
  • (199,000 / $70,000)
0
10Quicken Loans 5 60%40%
  • 353%
  • (205,000 / $58,000)
  • 285%
  • (211,000 / $74,000)
11Ifreedom Direct Corporation 5 80%20%
  • 451%
  • (244,000 / $54,000)
  • 304%
  • (140,000 / $46,000)
12North Shore Bank Of Commerce 4 75%25%
  • 311%
  • (162,000 / $52,000)
  • 254%
  • (216,000 / $85,000)
13Mortgage Research Center 4 75%0%
  • 320%
  • (128,000 / $40,000)
0
14Taylor, Bean & Whitaker 3 33%66%
  • 259%
  • (174,000 / $67,000)
  • 262%
  • (118,000 / $45,000)
15Phh Home Loans 3 66%0%
  • 418%
  • (230,000 / $55,000)
0
16Nfcu 3 0%66% 0
  • 302%
  • (209,000 / $69,000)
17Mortgage Investors Corp 3 66%0%
  • 191%
  • (111,000 / $58,000)
0
18Jpmorgan Chase Bank 3 100%0%
  • 273%
  • (112,000 / $41,000)
0
19Franklin American Mortgage Co 3 66%0%
  • 282%
  • (147,000 / $52,000)
0
20Countrywide Bank Fsb 3 33%66% 0
  • 369%
  • (155,000 / $42,000)

Sedan, MN VA Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 213
  2. Loan Applications Denied: 40
  3. % of Loan Applications Denied: 18
  4. # of Loan Originations: 142
  5. % of Loan Applications Originated 66

Sedan, MN VA Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history34
Collateral31
Debt-to-income ratio15
Credit application incomplete6
Insufficient cash (downpayment, closing costs)6

Sedan, 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 - $100,00034 5226
$100,000 - $300,000170 7017
$300,000 - $500,0008 490
$500,000 - $1,000,0001 0100

Sedan, 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 - $100,000184 6620
$100,000 - $300,00029 6410

Loan to Income Ratios Research for VA Mortgage 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%475 25
100 - 200%4660 19
200 - 300%7761 22
300 - 400%5370 16
> 400%3274 12

Sedan, 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 Dwelling212 6618
Not Owner-Occupied As A Principal Dwelling1 00

Home Owner Property Type Statistics in Sedan, 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)210 6618
Manufactured Housing3 6633
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