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| Location |
Gloucester County NJ
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 22,578 |
| Total Amount of All Mortgage Loans Applied For | $4,041,191,000 |
| Average Mortgage Loan Amount Applied For | $178,000 |
| Highest Mortgage Loan Amount Applied For | $16,160,000 |
| Average Applicant Income | $84,000 |
| Highest Applicant Income | $7,024,000 |
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| Home Improvement |
2,995 | $145,256,000 |
$48,000 | $1,875,000 |
$83,000 | $1,240,000 |
| Home Purchase |
6,383 | $1,348,239,000 |
$211,000 | $2,944,000 |
$86,000 | $2,650,000 |
| Refinancing |
13,200 | $2,547,696,000 |
$193,000 | $16,160,000 |
$83,000 | $7,024,000 |
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| American Indian or Alaskan Native |
43 | $6,704,000 |
$155,000 | $414,000 |
$74,000 | $200,000 |
| Asian |
389 | $93,900,000 |
$241,000 | $590,000 |
$106,000 | $409,000 |
| Black or African American |
1,509 | $285,031,000 |
$188,000 | $650,000 |
$82,000 | $4,301,000 |
| Hispanic |
560 | $92,942,000 |
$165,000 | $714,000 |
$92,000 | $7,024,000 |
| Native Hawaiin or Other Pacific Islander |
36 | $7,113,000 |
$197,000 | $554,000 |
$84,000 | $186,000 |
| Not applicable |
1,469 | $323,271,000 |
$220,000 | $16,160,000 |
$24,000 | $574,000 |
| Not Provided |
3,296 | $587,038,000 |
$178,000 | $1,252,000 |
$89,000 | $1,407,000 |
| White |
15,276 | $2,645,192,000 |
$173,000 | $1,700,000 |
$88,000 | $4,042,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,612 | $2,781,209,000 |
$167,000 | $16,160,000 |
$89,000 | $4,301,000 |
| FHA-insured (Federal Housing Administration) |
5,691 | $1,195,766,000 |
$210,000 | $509,000 |
$69,000 | $7,024,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
19 | $3,255,000 |
$171,000 | $260,000 |
$50,000 | $87,000 |
| VA-guaranteed (Veterans Administration) |
256 | $60,961,000 |
$238,000 | $627,000 |
$64,000 | $273,000 |
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| Application Approved But Not Accepted |
1,486 | $245,501,000 |
$165,000 | $3,000,000 |
$96,000 | $1,966,000 |
| Application Denied By Financial Institution |
4,611 | $739,935,000 |
$160,000 | $1,950,000 |
$85,000 | $4,301,000 |
| Application Withdrawn By Applicant |
2,059 | $413,148,000 |
$200,000 | $1,700,000 |
$92,000 | $4,042,000 |
| File Closed For Incompleteness |
567 | $113,001,000 |
$199,000 | $960,000 |
$93,000 | $700,000 |
| Loan Originated |
9,467 | $1,641,635,000 |
$173,000 | $16,160,000 |
$90,000 | $7,024,000 |
| Loan Purchased By The Institution |
4,384 | $887,106,000 |
$202,000 | $2,944,000 |
$59,000 | $796,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
4 | $865,000 |
$216,000 | $404,000 |
$56,000 | $114,000 |
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| Collateral |
795 | $156,733,000 |
$197,000 | $1,252,000 |
$107,000 | $2,650,000 |
| Credit Application Incomplete |
205 | $40,194,000 |
$196,000 | $600,000 |
$93,000 | $350,000 |
| Credit History |
1,069 | $110,776,000 |
$103,000 | $650,000 |
$79,000 | $1,032,000 |
| Debt-To-Income Ratio |
677 | $108,695,000 |
$160,000 | $1,950,000 |
$66,000 | $540,000 |
| Employment History |
24 | $4,692,000 |
$195,000 | $417,000 |
$62,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
51 | $10,365,000 |
$203,000 | $627,000 |
$98,000 | $290,000 |
| Mortgage Insurance Denied |
3 | $906,000 |
$302,000 | $338,000 |
$96,000 | $124,000 |
| Other |
267 | $51,063,000 |
$191,000 | $910,000 |
$91,000 | $702,000 |
| Unverifiable Information |
88 | $19,075,000 |
$216,000 | $1,000,000 |
$110,000 | $585,000 |
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