AllMortgageDetail - Mortgage Application Details

Alabama
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 180,309
Total Mortgage Loan Application Amount $25,499,224,000
Average Mortgage Loan Application Amount $141,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $66,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Alabama in 2014

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
Home Purchase 87,260 $13,402,478,000 $153,000 $99,999,000 $65,000 $9,999,000
Refinancing 76,967 $11,459,324,000 $148,000 $99,999,000 $69,000 $9,999,000
Home Improvement 16,082 $637,422,000 $39,000 $12,607,000 $63,000 $3,900,000

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 115,416 $16,025,090,000 $138,000 $99,999,000 $79,000 $9,999,000
Black or African American 27,672 $2,918,713,000 $105,000 $1,500,000 $51,000 $2,400,000
Not applicable 19,597 $4,091,935,000 $208,000 $91,500,000 $9,000 $4,804,000
Not Provided 11,499 $1,620,800,000 $140,000 $5,600,000 $72,000 $6,733,000
Hispanic 2,916 $343,765,000 $117,000 $2,160,000 $65,000 $1,759,000
Asian 1,946 $336,668,000 $173,000 $2,300,000 $86,000 $806,000
American Indian or Alaskan Native 1,014 $126,455,000 $124,000 $2,264,000 $67,000 $2,494,000
Native Hawaiin or Other Pacific Islander 249 $35,798,000 $143,000 $576,000 $73,000 $450,000

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) 118,774 $16,710,061,000 $140,000 $99,999,000 $79,000 $9,999,000
FHA-insured (Federal Housing Administration) 31,799 $3,984,849,000 $125,000 $37,390,000 $38,000 $2,160,000
VA-guaranteed (Veterans Administration) 20,743 $3,731,990,000 $179,000 $1,446,000 $53,000 $810,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,993 $1,072,324,000 $119,000 $1,355,000 $29,000 $920,000

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 84,976 $13,072,173,000 $153,000 $99,999,000 $80,000 $9,999,000
Application Denied By Financial Institution 39,132 $4,068,284,000 $103,000 $11,453,000 $56,000 $3,900,000
Loan Purchased By The Institution 26,061 $4,046,876,000 $155,000 $91,500,000 $29,000 $1,864,000
Application Withdrawn By Applicant 15,095 $2,404,984,000 $159,000 $41,250,000 $75,000 $3,507,000
Application Approved But Not Accepted 9,820 $1,124,157,000 $114,000 $14,500,000 $65,000 $2,250,000
File Closed For Incompleteness 5,203 $780,043,000 $149,000 $1,600,000 $75,000 $9,999,000
Preapproval Denied by Financial Institution 14 $1,406,000 $100,000 $144,000 $57,000 $106,000
Preapproval Approved but not Accepted 8 $1,301,000 $162,000 $365,000 $55,000 $96,000

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 7,378 $564,969,000 $76,000 $3,220,000 $56,000 $3,900,000
Debt-To-Income Ratio 3,815 $485,785,000 $127,000 $2,009,000 $51,000 $1,950,000
Collateral 3,300 $453,608,000 $137,000 $2,370,000 $78,000 $2,120,000
Credit Application Incomplete 1,931 $289,990,000 $150,000 $2,265,000 $69,000 $1,150,000
Other 1,758 $204,403,000 $116,000 $3,000,000 $67,000 $3,000,000
Insufficient Cash (Downpayment, Closing Cost) 609 $76,588,000 $125,000 $1,165,000 $58,000 $890,000
Unverifiable Information 473 $63,844,000 $134,000 $1,625,000 $73,000 $810,000
Employment History 245 $32,075,000 $130,000 $900,000 $53,000 $360,000
Mortgage Insurance Denied 15 $2,114,000 $140,000 $417,000 $78,000 $188,000

Mortgage Loan Application Totals in 2014 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-JACKSONVILLE, AL 3,891 $ 404,518,000 $ 103,000 $ 52,000
AUBURN-OPELIKA, AL 6,040 $ 1,032,613,000 $ 170,000 $ 74,000
BIRMINGHAM-HOOVER, AL 45,519 $ 7,252,080,000 $ 159,000 $ 71,000
DAPHNE-FAIRHOPE-FOLEY, AL 10,586 $ 1,998,652,000 $ 188,000 $ 96,000
DECATUR, AL 6,087 $ 635,951,000 $ 104,000 $ 53,000
DOTHAN, AL 5,289 $ 643,440,000 $ 121,000 $ 65,000
FLORENCE-MUSCLE SHOALS, AL 5,735 $ 863,356,000 $ 150,000 $ 66,000
GADSDEN, AL 3,306 $ 359,839,000 $ 108,000 $ 55,000
HUNTSVILLE, AL 21,639 $ 3,174,547,000 $ 146,000 $ 70,000
MOBILE, AL 13,066 $ 1,646,598,000 $ 126,000 $ 60,000
MONTGOMERY, AL 14,646 $ 2,024,725,000 $ 138,000 $ 62,000
TUSCALOOSA, AL 8,283 $ 1,410,305,000 $ 170,000 $ 65,000

Mortgage Loan Application Totals in 2014 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 2,510 $ 342,403,000 $ 136,000 $ 59,000
Baldwin 10,676 $ 2,005,541,000 $ 187,000 $ 95,000
Barbour 519 $ 50,498,000 $ 97,000 $ 55,000
Bibb 608 $ 53,713,000 $ 88,000 $ 52,000
Blount 2,253 $ 239,737,000 $ 106,000 $ 53,000
Bullock 269 $ 14,639,000 $ 54,000 $ 37,000
Butler 538 $ 43,595,000 $ 81,000 $ 47,000
Calhoun 3,915 $ 406,096,000 $ 103,000 $ 52,000
Chambers 830 $ 75,256,000 $ 90,000 $ 53,000
Cherokee 779 $ 92,892,000 $ 119,000 $ 57,000
Chilton 1,678 $ 164,868,000 $ 98,000 $ 52,000
Choctaw 351 $ 28,968,000 $ 82,000 $ 64,000
Clarke 843 $ 78,270,000 $ 92,000 $ 62,000
Clay 281 $ 23,322,000 $ 82,000 $ 51,000
Cleburne 380 $ 34,720,000 $ 91,000 $ 65,000
Coffee 2,073 $ 278,866,000 $ 134,000 $ 59,000
Colbert 2,275 $ 451,818,000 $ 198,000 $ 67,000
Conecuh 243 $ 18,503,000 $ 76,000 $ 48,000
Coosa 240 $ 30,399,000 $ 126,000 $ 85,000
Covington 1,027 $ 105,889,000 $ 103,000 $ 67,000
Crenshaw 478 $ 40,902,000 $ 85,000 $ 55,000
Cullman 2,927 $ 346,673,000 $ 118,000 $ 60,000
Dale 1,523 $ 166,392,000 $ 109,000 $ 55,000
Dallas 832 $ 68,129,000 $ 81,000 $ 53,000
DeKalb 1,502 $ 136,877,000 $ 91,000 $ 54,000
Elmore 3,993 $ 563,706,000 $ 141,000 $ 64,000
Escambia 959 $ 84,638,000 $ 88,000 $ 52,000
Etowah 3,322 $ 360,684,000 $ 108,000 $ 55,000
Fayette 434 $ 35,239,000 $ 81,000 $ 50,000
Franklin 772 $ 61,698,000 $ 79,000 $ 49,000
Geneva 872 $ 87,747,000 $ 100,000 $ 60,000
Greene 179 $ 14,471,000 $ 80,000 $ 54,000
Hale 425 $ 38,744,000 $ 91,000 $ 53,000
Henry 645 $ 66,478,000 $ 103,000 $ 64,000
Houston 3,835 $ 495,807,000 $ 129,000 $ 66,000
Jackson 1,380 $ 139,504,000 $ 101,000 $ 57,000
Jefferson 24,623 $ 4,180,954,000 $ 169,000 $ 75,000
Lamar 375 $ 29,144,000 $ 77,000 $ 52,000
Lauderdale 3,466 $ 411,982,000 $ 118,000 $ 66,000
Lawrence 1,251 $ 114,115,000 $ 91,000 $ 49,000
Lee 6,059 $ 1,033,974,000 $ 170,000 $ 74,000
Limestone 4,431 $ 598,499,000 $ 135,000 $ 59,000
Lowndes 315 $ 26,291,000 $ 83,000 $ 48,000
Macon 436 $ 34,170,000 $ 78,000 $ 46,000
Madison 17,234 $ 2,578,598,000 $ 149,000 $ 73,000
Marengo 608 $ 58,352,000 $ 95,000 $ 53,000
Marion 743 $ 65,369,000 $ 87,000 $ 49,000
Marshall 3,088 $ 436,144,000 $ 141,000 $ 61,000
Mobile 13,100 $ 1,649,333,000 $ 125,000 $ 60,000
Monroe 527 $ 43,831,000 $ 83,000 $ 47,000
Montgomery 7,944 $ 1,101,265,000 $ 138,000 $ 62,000
Morgan 4,847 $ 522,589,000 $ 107,000 $ 54,000
Perry 127 $ 8,505,000 $ 66,000 $ 43,000
Pickens 433 $ 38,000,000 $ 87,000 $ 56,000
Pike 726 $ 81,715,000 $ 112,000 $ 54,000
Randolph 612 $ 82,374,000 $ 134,000 $ 73,000
Russell 2,295 $ 305,678,000 $ 133,000 $ 53,000
Shelby 10,584 $ 1,963,504,000 $ 185,000 $ 76,000
St. Clair 3,931 $ 525,950,000 $ 133,000 $ 57,000
Sumter 227 $ 17,334,000 $ 76,000 $ 57,000
Talladega 2,570 $ 301,117,000 $ 117,000 $ 56,000
Tallapoosa 1,692 $ 260,959,000 $ 154,000 $ 88,000
Tuscaloosa 7,451 $ 1,335,954,000 $ 179,000 $ 66,000
Walker 2,067 $ 199,920,000 $ 96,000 $ 56,000
Washington 408 $ 38,343,000 $ 93,000 $ 63,000
Wilcox 200 $ 17,999,000 $ 89,000 $ 65,000
Winston 822 $ 100,186,000 $ 121,000 $ 83,000