Alabama
Mortgage Loan Application
Totals and Details
in 2010

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 249,347
Total Mortgage Loan Application Amount $36,660,961,000
Average Mortgage Loan Application Amount $147,000
Highest Mortgage Loan Application Amount $61,571,000
Average Applicant Income $71,000
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 2010

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 153,946 $24,466,286,000 $158,000 $61,571,000 $76,000 $9,999,000
Home Purchase 82,673 $11,651,192,000 $140,000 $43,460,000 $64,000 $9,999,000
Home Improvement 12,728 $543,483,000 $42,000 $22,869,000 $60,000 $9,999,000

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 173,738 $25,623,517,000 $147,000 $3,500,000 $80,000 $9,999,000
Black or African American 31,828 $3,601,810,000 $113,000 $1,350,000 $52,000 $9,999,000
Not Provided 20,324 $3,082,871,000 $151,000 $3,334,000 $72,000 $4,200,000
Not applicable 16,495 $3,313,974,000 $200,000 $61,571,000 $8,000 $2,885,000
Hispanic 3,289 $416,309,000 $126,000 $1,125,000 $64,000 $2,092,000
Asian 2,350 $448,365,000 $190,000 $5,000,000 $95,000 $3,512,000
American Indian or Alaskan Native 1,054 $131,763,000 $125,000 $950,000 $81,000 $1,956,000
Native Hawaiin or Other Pacific Islander 269 $42,352,000 $157,000 $568,000 $79,000 $596,000

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) 155,304 $23,100,444,000 $148,000 $43,460,000 $84,000 $9,999,000
FHA-insured (Federal Housing Administration) 70,578 $9,642,127,000 $136,000 $61,571,000 $50,000 $9,999,000
VA-guaranteed (Veterans Administration) 17,065 $3,141,830,000 $184,000 $1,004,000 $52,000 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,400 $776,560,000 $121,000 $1,497,000 $41,000 $404,000

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 106,706 $16,135,396,000 $151,000 $61,571,000 $81,000 $9,999,000
Loan Purchased By The Institution 53,530 $8,699,600,000 $162,000 $40,570,000 $54,000 $9,999,000
Application Denied By Financial Institution 46,222 $5,472,317,000 $118,000 $5,000,000 $60,000 $8,800,000
Application Withdrawn By Applicant 26,640 $4,025,818,000 $151,000 $4,500,000 $77,000 $6,000,000
Application Approved But Not Accepted 9,058 $1,182,531,000 $130,000 $1,643,000 $74,000 $9,999,000
File Closed For Incompleteness 7,179 $1,144,400,000 $159,000 $2,097,000 $78,000 $9,439,000
Preapproval Denied by Financial Institution 12 $899,000 $74,000 $105,000 $27,000 $48,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0

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 9,964 $830,573,000 $83,000 $2,200,000 $52,000 $8,800,000
Collateral 5,950 $976,656,000 $164,000 $3,500,000 $88,000 $2,650,000
Debt-To-Income Ratio 5,201 $702,420,000 $135,000 $5,000,000 $48,000 $2,000,000
Credit Application Incomplete 3,827 $604,264,000 $157,000 $2,542,000 $78,000 $2,500,000
Other 3,484 $523,214,000 $150,000 $4,492,000 $83,000 $1,992,000
Unverifiable Information 737 $107,015,000 $145,000 $1,000,000 $79,000 $2,990,000
Insufficient Cash (Downpayment, Closing Cost) 595 $84,166,000 $141,000 $1,275,000 $70,000 $1,700,000
Employment History 425 $46,348,000 $109,000 $550,000 $45,000 $293,000
Mortgage Insurance Denied 75 $13,457,000 $179,000 $417,000 $79,000 $159,000
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Mortgage Loan Application Totals in 2010 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-Oxford, AL 4,729 $ 519,970,000 $ 109,000 $ 57,000
Auburn-Opelika, AL 7,434 $ 1,267,718,000 $ 170,000 $ 77,000
Birmingham-Hoover, AL 65,640 $ 10,699,669,000 $ 163,000 $ 75,000
Decatur, AL 8,625 $ 1,013,786,000 $ 117,000 $ 62,000
Dothan, AL 6,973 $ 897,462,000 $ 128,000 $ 64,000
Florence-Muscle Shoals, AL 7,395 $ 877,758,000 $ 118,000 $ 65,000
Gadsden, AL 4,620 $ 543,240,000 $ 117,000 $ 62,000
Huntsville, AL 34,972 $ 5,777,627,000 $ 165,000 $ 78,000
Mobile, AL 18,796 $ 2,568,423,000 $ 136,000 $ 67,000
Montgomery, AL 19,434 $ 3,011,073,000 $ 154,000 $ 67,000
Tuscaloosa, AL 11,091 $ 1,698,521,000 $ 153,000 $ 72,000
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Mortgage Loan Application Totals in 2010 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 3,373 $ 501,042,000 $ 148,000 $ 58,000
Baldwin 11,886 $ 2,130,949,000 $ 179,000 $ 100,000
Barbour 671 $ 82,974,000 $ 123,000 $ 61,000
Bibb 856 $ 86,552,000 $ 101,000 $ 52,000
Blount 3,073 $ 369,004,000 $ 120,000 $ 55,000
Bullock 273 $ 21,277,000 $ 77,000 $ 57,000
Butler 642 $ 57,056,000 $ 88,000 $ 56,000
Calhoun 4,736 $ 520,256,000 $ 109,000 $ 57,000
Chambers 1,010 $ 99,758,000 $ 98,000 $ 52,000
Cherokee 1,007 $ 128,330,000 $ 127,000 $ 63,000
Chilton 2,128 $ 230,001,000 $ 108,000 $ 58,000
Choctaw 411 $ 34,657,000 $ 84,000 $ 58,000
Clarke 1,080 $ 100,876,000 $ 93,000 $ 63,000
Clay 440 $ 44,881,000 $ 102,000 $ 52,000
Cleburne 532 $ 58,866,000 $ 110,000 $ 56,000
Coffee 3,115 $ 474,821,000 $ 152,000 $ 63,000
Colbert 2,782 $ 300,675,000 $ 108,000 $ 62,000
Conecuh 267 $ 21,790,000 $ 81,000 $ 54,000
Coosa 311 $ 40,397,000 $ 129,000 $ 80,000
Covington 1,159 $ 121,907,000 $ 105,000 $ 63,000
Crenshaw 441 $ 43,756,000 $ 99,000 $ 55,000
Cullman 4,225 $ 515,463,000 $ 122,000 $ 65,000
Dale 2,025 $ 238,937,000 $ 117,000 $ 58,000
Dallas 1,017 $ 95,850,000 $ 94,000 $ 58,000
DeKalb 2,048 $ 218,839,000 $ 106,000 $ 55,000
Elmore 5,371 $ 851,251,000 $ 158,000 $ 71,000
Escambia 1,163 $ 106,711,000 $ 91,000 $ 50,000
Etowah 4,622 $ 543,380,000 $ 117,000 $ 62,000
Fayette 556 $ 54,241,000 $ 97,000 $ 58,000
Franklin 1,085 $ 88,350,000 $ 81,000 $ 52,000
Geneva 1,101 $ 100,785,000 $ 91,000 $ 51,000
Greene 188 $ 14,364,000 $ 76,000 $ 54,000
Hale 686 $ 66,987,000 $ 97,000 $ 54,000
Henry 806 $ 95,459,000 $ 118,000 $ 60,000
Houston 5,074 $ 701,690,000 $ 138,000 $ 67,000
Jackson 2,055 $ 247,805,000 $ 120,000 $ 67,000
Jefferson 34,982 $ 5,970,914,000 $ 170,000 $ 79,000
Lamar 386 $ 34,206,000 $ 88,000 $ 52,000
Lauderdale 4,618 $ 577,442,000 $ 125,000 $ 67,000
Lawrence 1,643 $ 161,519,000 $ 98,000 $ 53,000
Lee 7,439 $ 1,268,323,000 $ 170,000 $ 77,000
Limestone 6,659 $ 1,028,796,000 $ 154,000 $ 69,000
Lowndes 331 $ 33,910,000 $ 102,000 $ 50,000
Macon 521 $ 46,910,000 $ 90,000 $ 55,000
Madison 28,321 $ 4,749,947,000 $ 167,000 $ 80,000
Marengo 759 $ 76,490,000 $ 100,000 $ 58,000
Marion 1,119 $ 103,075,000 $ 92,000 $ 56,000
Marshall 4,583 $ 594,683,000 $ 129,000 $ 67,000
Mobile 18,822 $ 2,572,397,000 $ 136,000 $ 67,000
Monroe 621 $ 53,584,000 $ 86,000 $ 52,000
Montgomery 10,366 $ 1,625,655,000 $ 156,000 $ 68,000
Morgan 6,985 $ 852,418,000 $ 122,000 $ 64,000
Perry 128 $ 8,325,000 $ 65,000 $ 45,000
Pickens 670 $ 59,080,000 $ 88,000 $ 53,000
Pike 1,016 $ 129,582,000 $ 127,000 $ 59,000
Randolph 698 $ 102,630,000 $ 147,000 $ 84,000
Russell 2,797 $ 398,538,000 $ 142,000 $ 50,000
Shelby 16,276 $ 2,966,140,000 $ 182,000 $ 79,000
St. Clair 5,554 $ 778,708,000 $ 140,000 $ 60,000
Sumter 270 $ 23,843,000 $ 88,000 $ 51,000
Talladega 3,383 $ 399,522,000 $ 118,000 $ 56,000
Tallapoosa 2,199 $ 363,503,000 $ 165,000 $ 89,000
Tuscaloosa 10,249 $ 1,622,218,000 $ 158,000 $ 73,000
Walker 2,814 $ 301,721,000 $ 107,000 $ 63,000
Washington 638 $ 58,326,000 $ 91,000 $ 60,000
Wilcox 200 $ 18,641,000 $ 93,000 $ 55,000
Winston 1,158 $ 155,002,000 $ 133,000 $ 88,000

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