Alabama
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 226,918
Total Mortgage Loan Application Amount $35,248,002,000
Average Mortgage Loan Application Amount $155,000
Highest Mortgage Loan Application Amount $59,000,000
Average Applicant Income $67,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Alabama in 2016

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 104,717 $17,089,815,000 $163,000 $59,000,000 $67,000 $9,999,000
Refinancing 104,665 $17,293,883,000 $165,000 $43,950,000 $68,000 $9,999,000
Home Improvement 17,536 $864,304,000 $49,000 $21,600,000 $65,000 $2,800,000

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 143,367 $22,090,278,000 $154,000 $59,000,000 $80,000 $9,999,000
Black or African American 35,315 $4,296,729,000 $121,000 $39,275,000 $51,000 $3,642,000
Not applicable 23,070 $4,843,686,000 $209,000 $43,950,000 $8,000 $9,013,000
Not Provided 16,311 $2,701,819,000 $165,000 $14,212,000 $71,000 $3,235,000
Hispanic 4,348 $565,979,000 $130,000 $10,001,000 $61,000 $1,286,000
Asian 2,597 $490,271,000 $188,000 $1,360,000 $96,000 $9,999,000
American Indian or Alaskan Native 1,605 $212,969,000 $132,000 $668,000 $59,000 $600,000
Native Hawaiin or Other Pacific Islander 305 $46,271,000 $151,000 $813,000 $73,000 $1,163,000

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) 140,117 $21,263,505,000 $151,000 $59,000,000 $83,000 $9,999,000
FHA-insured (Federal Housing Administration) 48,026 $6,908,374,000 $143,000 $39,275,000 $39,000 $3,750,000
VA-guaranteed (Veterans Administration) 31,111 $6,087,458,000 $195,000 $10,001,000 $49,000 $1,440,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,664 $988,665,000 $129,000 $10,001,000 $32,000 $1,320,000

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 109,870 $18,301,647,000 $166,000 $43,950,000 $80,000 $9,999,000
Application Denied By Financial Institution 48,171 $6,058,379,000 $125,000 $59,000,000 $60,000 $6,000,000
Loan Purchased By The Institution 27,766 $4,617,403,000 $166,000 $1,932,000 $25,000 $1,443,000
Application Withdrawn By Applicant 21,174 $3,627,566,000 $171,000 $25,000,000 $77,000 $9,999,000
File Closed For Incompleteness 12,369 $1,547,264,000 $125,000 $2,500,000 $54,000 $4,267,000
Application Approved But Not Accepted 7,522 $1,090,093,000 $144,000 $13,200,000 $78,000 $9,787,000
Preapproval Denied by Financial Institution 35 $4,110,000 $117,000 $260,000 $40,000 $85,000
Preapproval Approved but not Accepted 11 $1,540,000 $140,000 $241,000 $71,000 $164,000

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 6,548 $884,909,000 $135,000 $39,275,000 $59,000 $2,367,000
Debt-To-Income Ratio 3,996 $512,343,000 $128,000 $1,239,000 $52,000 $1,800,000
Collateral 3,275 $496,757,000 $151,000 $3,100,000 $84,000 $2,920,000
Credit Application Incomplete 2,375 $358,991,000 $151,000 $1,473,000 $72,000 $1,884,000
Other 1,813 $217,722,000 $120,000 $3,698,000 $59,000 $1,229,000
Insufficient Cash (Downpayment, Closing Cost) 600 $94,104,000 $156,000 $10,001,000 $59,000 $530,000
Unverifiable Information 494 $65,592,000 $132,000 $1,000,000 $71,000 $900,000
Employment History 271 $104,184,000 $384,000 $59,000,000 $54,000 $469,000
Mortgage Insurance Denied 12 $1,638,000 $136,000 $368,000 $49,000 $103,000
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Mortgage Loan Application Totals in 2016 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 4,747 $ 525,887,000 $ 110,000 $ 50,000
AUBURN-OPELIKA, AL 8,080 $ 1,434,092,000 $ 177,000 $ 77,000
BIRMINGHAM-HOOVER, AL 58,245 $ 10,225,361,000 $ 175,000 $ 72,000
DAPHNE-FAIRHOPE-FOLEY, AL 14,935 $ 2,963,068,000 $ 198,000 $ 90,000
DECATUR, AL 7,244 $ 829,675,000 $ 114,000 $ 56,000
DOTHAN, AL 6,403 $ 857,894,000 $ 133,000 $ 62,000
FLORENCE-MUSCLE SHOALS, AL 7,018 $ 866,379,000 $ 123,000 $ 65,000
GADSDEN, AL 4,078 $ 482,642,000 $ 118,000 $ 58,000
HUNTSVILLE, AL 28,061 $ 4,874,912,000 $ 173,000 $ 71,000
MOBILE, AL 17,026 $ 2,353,556,000 $ 138,000 $ 62,000
MONTGOMERY, AL 17,921 $ 3,036,827,000 $ 169,000 $ 62,000
TUSCALOOSA, AL 10,588 $ 1,673,560,000 $ 158,000 $ 66,000
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Mortgage Loan Application Totals in 2016 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 3,194 $ 550,006,000 $ 172,000 $ 59,000
Baldwin 15,039 $ 2,970,863,000 $ 197,000 $ 90,000
Barbour 592 $ 67,468,000 $ 113,000 $ 55,000
Bibb 672 $ 66,990,000 $ 99,000 $ 52,000
Blount 2,609 $ 314,796,000 $ 120,000 $ 55,000
Bullock 255 $ 31,442,000 $ 123,000 $ 38,000
Butler 574 $ 57,246,000 $ 99,000 $ 49,000
Calhoun 4,759 $ 526,617,000 $ 110,000 $ 50,000
Chambers 953 $ 87,067,000 $ 91,000 $ 50,000
Cherokee 967 $ 115,946,000 $ 119,000 $ 65,000
Chilton 1,861 $ 204,593,000 $ 109,000 $ 56,000
Choctaw 318 $ 28,220,000 $ 88,000 $ 64,000
Clarke 906 $ 88,130,000 $ 97,000 $ 59,000
Clay 326 $ 30,672,000 $ 94,000 $ 55,000
Cleburne 482 $ 53,825,000 $ 111,000 $ 54,000
Coffee 2,789 $ 424,099,000 $ 152,000 $ 58,000
Colbert 2,805 $ 339,970,000 $ 121,000 $ 65,000
Conecuh 347 $ 24,848,000 $ 71,000 $ 54,000
Coosa 376 $ 48,106,000 $ 127,000 $ 68,000
Covington 1,231 $ 152,450,000 $ 123,000 $ 68,000
Crenshaw 538 $ 45,984,000 $ 85,000 $ 59,000
Cullman 3,605 $ 470,097,000 $ 130,000 $ 63,000
Dale 1,754 $ 214,428,000 $ 122,000 $ 51,000
Dallas 941 $ 87,679,000 $ 93,000 $ 53,000
DeKalb 1,835 $ 194,421,000 $ 105,000 $ 55,000
Elmore 4,866 $ 796,400,000 $ 163,000 $ 65,000
Escambia 959 $ 91,882,000 $ 95,000 $ 54,000
Etowah 4,087 $ 483,256,000 $ 118,000 $ 58,000
Fayette 456 $ 42,619,000 $ 93,000 $ 51,000
Franklin 960 $ 82,856,000 $ 86,000 $ 50,000
Geneva 1,010 $ 106,662,000 $ 105,000 $ 53,000
Greene 217 $ 17,601,000 $ 81,000 $ 47,000
Hale 598 $ 59,542,000 $ 99,000 $ 55,000
Henry 734 $ 86,573,000 $ 117,000 $ 64,000
Houston 4,708 $ 667,971,000 $ 141,000 $ 64,000
Jackson 1,606 $ 189,295,000 $ 117,000 $ 56,000
Jefferson 31,769 $ 5,925,020,000 $ 186,000 $ 75,000
Lamar 350 $ 29,944,000 $ 85,000 $ 50,000
Lauderdale 4,228 $ 527,406,000 $ 124,000 $ 65,000
Lawrence 1,387 $ 134,752,000 $ 97,000 $ 51,000
Lee 8,102 $ 1,435,250,000 $ 177,000 $ 77,000
Limestone 5,848 $ 926,370,000 $ 158,000 $ 65,000
Lowndes 351 $ 84,107,000 $ 239,000 $ 49,000
Macon 511 $ 41,867,000 $ 81,000 $ 50,000
Madison 22,260 $ 3,954,538,000 $ 177,000 $ 72,000
Marengo 689 $ 69,905,000 $ 101,000 $ 58,000
Marion 822 $ 77,706,000 $ 94,000 $ 53,000
Marshall 3,854 $ 489,488,000 $ 127,000 $ 61,000
Mobile 17,081 $ 2,357,581,000 $ 138,000 $ 62,000
Monroe 577 $ 52,566,000 $ 91,000 $ 58,000
Montgomery 9,639 $ 1,615,871,000 $ 167,000 $ 62,000
Morgan 5,877 $ 696,112,000 $ 118,000 $ 58,000
Perry 179 $ 13,740,000 $ 76,000 $ 46,000
Pickens 569 $ 53,935,000 $ 94,000 $ 55,000
Pike 1,099 $ 137,672,000 $ 125,000 $ 71,000
Randolph 745 $ 105,260,000 $ 141,000 $ 73,000
Russell 2,666 $ 378,923,000 $ 142,000 $ 64,000
Shelby 13,968 $ 2,724,426,000 $ 195,000 $ 78,000
St. Clair 5,231 $ 763,980,000 $ 146,000 $ 58,000
Sumter 287 $ 24,124,000 $ 84,000 $ 53,000
Talladega 3,306 $ 382,407,000 $ 115,000 $ 52,000
Tallapoosa 1,928 $ 346,198,000 $ 179,000 $ 101,000
Tuscaloosa 9,445 $ 1,561,608,000 $ 165,000 $ 67,000
Walker 2,357 $ 240,460,000 $ 102,000 $ 56,000
Washington 502 $ 47,297,000 $ 94,000 $ 61,000
Wilcox 207 $ 18,691,000 $ 90,000 $ 56,000
Winston 918 $ 125,288,000 $ 136,000 $ 81,000
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