Alabama
Mortgage Loan Application
Totals and Details
in 2003

Find mortgage statistics for Alabama.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Alabama.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 457,199
Total Mortgage Loan Application Amount $47,965,169,000
Average Mortgage Loan Application Amount $104,000
Highest Mortgage Loan Application Amount $70,000,000
Average Applicant Income $57,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Alabama, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Alabama in 2003

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing (home purchase or home improvement, one-to-four family) 305,792 $33,356,880,000 $109,000 $70,000,000 $59,000 $9,999,000
Home Purchase (one-to-four family) 132,823 $13,621,296,000 $102,000 $6,200,000 $54,000 $9,000,000
Home Improvement (one-to-four family) 18,288 $582,027,000 $31,000 $1,050,000 $53,000 $3,600,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 296 $404,966,000 $1,368,000 $35,350,000 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 299,707 $32,990,210,000 $110,000 $70,000,000 $62,000 $9,999,000
Black 61,100 $4,832,540,000 $79,000 $6,800,000 $46,000 $9,999,000
Information not provided by applicant in mail or telephone application 56,486 $5,336,932,000 $94,000 $14,614,000 $61,000 $6,250,000
Not applicable 28,859 $3,618,456,000 $125,000 $35,350,000 $17,000 $7,200,000
Other 3,723 $412,587,000 $110,000 $1,150,000 $78,000 $2,317,000
Hispanic 3,277 $303,719,000 $92,000 $810,000 $54,000 $6,000,000
Asian or Pacific Islander 2,570 $335,959,000 $130,000 $1,482,000 $75,000 $1,200,000
American Indian or Alaskan Native 1,476 $134,630,000 $91,000 $720,000 $54,000 $875,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 408,718 $43,304,946,000 $105,000 $70,000,000 $62,000 $9,999,000
FHA-insured (Federal Housing Administration) 31,319 $2,822,681,000 $90,000 $14,614,000 $30,000 $1,560,000
VA-guaranteed (Veterans Administration) 15,965 $1,734,015,000 $108,000 $315,000 $30,000 $1,200,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,197 $103,527,000 $86,000 $333,000 $26,000 $850,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 217,868 $24,359,153,000 $111,000 $35,350,000 $64,000 $7,759,000
Application Denied By Financial Institution 83,295 $6,651,109,000 $79,000 $70,000,000 $53,000 $9,999,000
Loan Purchased By The Institution 78,760 $9,235,480,000 $117,000 $4,471,000 $40,000 $9,999,000
Application Withdrawn By Applicant 37,864 $3,943,037,000 $104,000 $12,750,000 $59,000 $9,000,000
Application Approved But Not Accepted 29,360 $2,715,090,000 $92,000 $6,500,000 $58,000 $3,564,000
File Closed For Incompleteness 10,052 $1,061,300,000 $105,000 $3,100,000 $65,000 $5,723,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 18,959 $1,235,297,000 $65,000 $2,000,000 $48,000 $9,999,000
Credit Application Incomplete 13,526 $1,422,527,000 $105,000 $5,000,000 $61,000 $1,420,000
Other 10,102 $863,868,000 $85,000 $6,800,000 $54,000 $6,000,000
Debt-To-Income Ratio 5,362 $535,767,000 $99,000 $70,000,000 $49,000 $6,361,000
Collateral 4,516 $439,259,000 $97,000 $4,000,000 $66,000 $3,147,000
Insufficient Cash (Downpayment, Closing Cost) 639 $55,999,000 $87,000 $1,030,000 $48,000 $416,000
Unverifiable Information 627 $63,888,000 $101,000 $940,000 $62,000 $972,000
Employment History 494 $40,226,000 $81,000 $500,000 $45,000 $677,000
Mortgage Insurance Denied 13 $1,241,000 $95,000 $216,000 $47,000 $139,000
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Mortgage Loan Application Totals in 2003 by Alabama Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Anniston, AL 9,895 $ 811,589,000 $ 82,000 $ 52,000
Auburn-Opelika, AL 11,899 $ 1,339,012,000 $ 112,000 $ 62,000
Birmingham, AL 124,749 $ 15,072,872,000 $ 120,000 $ 61,000
Decatur, AL 15,821 $ 1,446,883,000 $ 91,000 $ 50,000
Dothan, AL 12,598 $ 1,142,563,000 $ 90,000 $ 52,000
Florence, AL 12,624 $ 1,092,003,000 $ 86,000 $ 55,000
Gadsden, AL 8,031 $ 675,634,000 $ 84,000 $ 56,000
Huntsville, AL 49,233 $ 5,598,992,000 $ 113,000 $ 62,000
Mobile, AL 65,887 $ 7,416,159,000 $ 112,000 $ 70,000
Montgomery, AL 36,270 $ 3,810,532,000 $ 105,000 $ 58,000
Tuscaloosa, AL 17,495 $ 2,011,599,000 $ 114,000 $ 61,000
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Mortgage Loan Application Totals in 2003 by Alabama County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Autauga 5,474 $ 532,324,000 $ 97,000 $ 54,000
Baldwin 24,851 $ 3,540,416,000 $ 142,000 $ 88,000
Barbour 1,692 $ 145,773,000 $ 86,000 $ 47,000
Bibb 1,525 $ 113,074,000 $ 74,000 $ 50,000
Blount 5,340 $ 481,033,000 $ 90,000 $ 49,000
Bullock 377 $ 22,291,000 $ 59,000 $ 47,000
Butler 1,171 $ 73,028,000 $ 62,000 $ 52,000
Calhoun 9,939 $ 814,764,000 $ 81,000 $ 52,000
Chambers 2,547 $ 180,546,000 $ 70,000 $ 43,000
Cherokee 1,762 $ 145,602,000 $ 82,000 $ 53,000
Chilton 3,795 $ 310,960,000 $ 81,000 $ 53,000
Choctaw 737 $ 42,794,000 $ 58,000 $ 48,000
Clarke 1,593 $ 111,474,000 $ 69,000 $ 51,000
Clay 818 $ 56,536,000 $ 69,000 $ 47,000
Cleburne 965 $ 72,976,000 $ 75,000 $ 50,000
Coffee 4,212 $ 380,264,000 $ 90,000 $ 50,000
Colbert 4,817 $ 396,806,000 $ 82,000 $ 53,000
Conecuh 545 $ 31,579,000 $ 57,000 $ 51,000
Coosa 543 $ 39,232,000 $ 72,000 $ 51,000
Covington 2,480 $ 166,677,000 $ 67,000 $ 50,000
Crenshaw 775 $ 55,002,000 $ 70,000 $ 47,000
Cullman 6,935 $ 608,803,000 $ 87,000 $ 54,000
Dale 3,555 $ 266,763,000 $ 75,000 $ 48,000
Dallas 2,597 $ 179,350,000 $ 69,000 $ 48,000
DeKalb 3,713 $ 278,147,000 $ 74,000 $ 48,000
Elmore 8,361 $ 887,695,000 $ 106,000 $ 57,000
Escambia 2,164 $ 155,673,000 $ 71,000 $ 43,000
Etowah 8,067 $ 678,070,000 $ 84,000 $ 55,000
Fayette 799 $ 54,673,000 $ 68,000 $ 45,000
Franklin 1,715 $ 120,288,000 $ 70,000 $ 49,000
Geneva 1,300 $ 94,654,000 $ 72,000 $ 50,000
Greene 273 $ 17,146,000 $ 62,000 $ 47,000
Hale 746 $ 60,593,000 $ 81,000 $ 49,000
Henry 1,259 $ 101,381,000 $ 80,000 $ 51,000
Houston 9,078 $ 877,891,000 $ 96,000 $ 55,000
Jackson 3,340 $ 276,868,000 $ 82,000 $ 51,000
Jefferson 81,836 $ 9,540,552,000 $ 116,000 $ 60,000
Lamar 594 $ 44,255,000 $ 74,000 $ 44,000
Lauderdale 7,829 $ 697,248,000 $ 89,000 $ 56,000
Lawrence 3,085 $ 231,522,000 $ 75,000 $ 47,000
Lee 11,937 $ 1,342,130,000 $ 112,000 $ 62,000
Limestone 7,987 $ 808,049,000 $ 101,000 $ 55,000
Lowndes 560 $ 41,158,000 $ 73,000 $ 50,000
Macon 1,197 $ 88,319,000 $ 73,000 $ 47,000
Madison 41,367 $ 4,806,338,000 $ 116,000 $ 65,000
Marengo 851 $ 61,368,000 $ 72,000 $ 47,000
Marion 1,276 $ 90,519,000 $ 70,000 $ 50,000
Marshall 8,114 $ 775,378,000 $ 95,000 $ 53,000
Mobile 41,134 $ 3,886,880,000 $ 94,000 $ 55,000
Monroe 1,622 $ 115,442,000 $ 71,000 $ 54,000
Montgomery 22,512 $ 2,397,436,000 $ 106,000 $ 60,000
Morgan 12,777 $ 1,219,111,000 $ 95,000 $ 51,000
Perry 223 $ 12,033,000 $ 53,000 $ 43,000
Pickens 993 $ 62,268,000 $ 62,000 $ 51,000
Pike 1,554 $ 136,995,000 $ 88,000 $ 50,000
Randolph 1,437 $ 135,336,000 $ 94,000 $ 60,000
Russell 4,239 $ 349,216,000 $ 82,000 $ 44,000
Shelby 29,878 $ 4,290,677,000 $ 143,000 $ 70,000
St. Clair 8,183 $ 822,179,000 $ 100,000 $ 54,000
Sumter 460 $ 28,339,000 $ 61,000 $ 42,000
Talladega 5,944 $ 500,144,000 $ 84,000 $ 54,000
Tallapoosa 3,842 $ 420,955,000 $ 109,000 $ 73,000
Tuscaloosa 17,529 $ 2,015,419,000 $ 114,000 $ 61,000
Walker 4,307 $ 341,326,000 $ 79,000 $ 51,000
Washington 883 $ 57,318,000 $ 64,000 $ 51,000
Wilcox 506 $ 31,371,000 $ 61,000 $ 52,000
Winston 1,270 $ 115,842,000 $ 91,000 $ 66,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in AL.

If you prefer, you can download a copy of the entire list of mortgage lenders in Alabama, and search similar information back through 2003.

Download the Alabama Lender List