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| Location |
Mobile County AL
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 25,040 |
| Total Amount of All Mortgage Loans Applied For | $3,330,955,000 |
| Average Mortgage Loan Amount Applied For | $133,000 |
| Highest Mortgage Loan Amount Applied For | $99,999,000 |
| Average Applicant Income | $67,000 |
| Highest Applicant Income | $9,439,000 |
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| Home Improvement |
2,242 | $139,195,000 |
$62,000 | $5,000,000 |
$59,000 | $1,064,000 |
| Home Purchase |
8,631 | $1,175,319,000 |
$136,000 | $2,893,000 |
$69,000 | $9,439,000 |
| Refinancing |
14,167 | $2,016,441,000 |
$142,000 | $99,999,000 |
$67,000 | $3,890,000 |
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| American Indian or Alaskan Native |
147 | $16,001,000 |
$108,000 | $417,000 |
$65,000 | $351,000 |
| Asian |
377 | $55,427,000 |
$147,000 | $1,013,000 |
$78,000 | $1,731,000 |
| Black or African American |
5,555 | $580,393,000 |
$104,000 | $1,000,000 |
$54,000 | $1,082,000 |
| Hispanic |
345 | $43,121,000 |
$124,000 | $868,000 |
$62,000 | $487,000 |
| Native Hawaiin or Other Pacific Islander |
42 | $5,554,000 |
$132,000 | $376,000 |
$61,000 | $177,000 |
| Not applicable |
1,848 | $391,144,000 |
$211,000 | $99,999,000 |
$35,000 | $3,815,000 |
| Not Provided |
2,615 | $322,033,000 |
$123,000 | $860,000 |
$64,000 | $1,166,000 |
| White |
14,111 | $1,917,282,000 |
$135,000 | $2,065,000 |
$77,000 | $9,439,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,917 | $2,263,561,000 |
$133,000 | $99,999,000 |
$76,000 | $9,439,000 |
| FHA-insured (Federal Housing Administration) |
7,369 | $953,515,000 |
$129,000 | $2,570,000 |
$51,000 | $1,140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
95 | $11,811,000 |
$124,000 | $221,000 |
$34,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
659 | $102,068,000 |
$154,000 | $597,000 |
$46,000 | $194,000 |
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| Application Approved But Not Accepted |
1,418 | $167,865,000 |
$118,000 | $2,893,000 |
$74,000 | $1,469,000 |
| Application Denied By Financial Institution |
6,244 | $678,237,000 |
$108,000 | $1,300,000 |
$57,000 | $3,890,000 |
| Application Withdrawn By Applicant |
2,243 | $307,427,000 |
$137,000 | $2,065,000 |
$75,000 | $1,082,000 |
| File Closed For Incompleteness |
993 | $138,235,000 |
$139,000 | $5,000,000 |
$72,000 | $974,000 |
| Loan Originated |
9,747 | $1,418,260,000 |
$145,000 | $99,999,000 |
$78,000 | $9,439,000 |
| Loan Purchased By The Institution |
4,395 | $620,931,000 |
$141,000 | $15,125,000 |
$51,000 | $986,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
643 | $83,816,000 |
$130,000 | $673,000 |
$74,000 | $1,200,000 |
| Credit Application Incomplete |
262 | $33,921,000 |
$129,000 | $417,000 |
$81,000 | $3,890,000 |
| Credit History |
1,366 | $119,122,000 |
$87,000 | $588,000 |
$55,000 | $1,064,000 |
| Debt-To-Income Ratio |
670 | $83,505,000 |
$124,000 | $750,000 |
$45,000 | $287,000 |
| Employment History |
45 | $4,617,000 |
$102,000 | $234,000 |
$42,000 | $199,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
43 | $4,852,000 |
$112,000 | $285,000 |
$67,000 | $359,000 |
| Mortgage Insurance Denied |
5 | $744,000 |
$148,000 | $343,000 |
$60,000 | $132,000 |
| Other |
242 | $28,401,000 |
$117,000 | $401,000 |
$60,000 | $212,000 |
| Unverifiable Information |
117 | $16,801,000 |
$143,000 | $692,000 |
$74,000 | $540,000 |
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