Alabama
Mortgage Loan Application
Totals and Details
in 2017

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 209,002
Total Mortgage Loan Application Amount $32,715,618,000
Average Mortgage Loan Application Amount $156,000
Highest Mortgage Loan Application Amount $420,000,000
Average Applicant Income $69,000
Highest Applicant Income $19,796,000

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 2017

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 113,832 $18,787,536,000 $165,000 $70,800,000 $69,000 $8,190,000
Refinancing 76,537 $12,982,017,000 $169,000 $420,000,000 $70,000 $19,796,000
Home Improvement 18,633 $946,065,000 $50,000 $18,900,000 $65,000 $4,551,000

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 129,754 $19,642,726,000 $151,000 $3,917,000 $82,000 $19,796,000
Black or African American 32,353 $3,733,379,000 $115,000 $2,000,000 $54,000 $7,381,000
Not applicable 22,491 $5,787,188,000 $257,000 $420,000,000 $7,000 $1,113,000
Not Provided 15,963 $2,327,174,000 $145,000 $2,550,000 $76,000 $19,039,000
Hispanic 4,199 $543,830,000 $129,000 $1,245,000 $68,000 $8,190,000
Asian 2,379 $446,845,000 $187,000 $1,750,000 $96,000 $1,584,000
American Indian or Alaskan Native 1,576 $192,337,000 $122,000 $702,000 $65,000 $1,200,000
Native Hawaiin or Other Pacific Islander 287 $42,139,000 $146,000 $540,000 $72,000 $467,000

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) 129,336 $20,257,865,000 $156,000 $420,000,000 $83,000 $19,796,000
FHA-insured (Federal Housing Administration) 43,382 $6,029,469,000 $138,000 $36,900,000 $42,000 $1,935,000
VA-guaranteed (Veterans Administration) 27,705 $5,339,879,000 $192,000 $1,350,000 $57,000 $7,852,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,579 $1,088,405,000 $126,000 $821,000 $32,000 $844,000

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 103,096 $17,905,149,000 $173,000 $420,000,000 $83,000 $19,796,000
Application Denied By Financial Institution 39,650 $4,101,091,000 $103,000 $24,750,000 $58,000 $19,039,000
Loan Purchased By The Institution 27,076 $4,666,310,000 $172,000 $26,771,000 $30,000 $6,733,000
Application Withdrawn By Applicant 21,193 $3,672,935,000 $173,000 $38,600,000 $76,000 $3,960,000
File Closed For Incompleteness 10,805 $1,317,629,000 $121,000 $1,723,000 $57,000 $8,080,000
Application Approved But Not Accepted 7,119 $1,044,215,000 $146,000 $27,495,000 $74,000 $4,080,000
Preapproval Denied by Financial Institution 59 $7,798,000 $132,000 $254,000 $52,000 $166,000
Preapproval Approved but not Accepted 4 $491,000 $122,000 $196,000 $47,000 $61,000

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 7,099 $518,191,000 $72,000 $1,821,000 $57,000 $4,800,000
Debt-To-Income Ratio 3,899 $488,817,000 $125,000 $2,600,000 $52,000 $783,000
Collateral 3,193 $470,460,000 $147,000 $22,500,000 $79,000 $1,740,000
Credit Application Incomplete 2,059 $328,317,000 $159,000 $1,800,000 $91,000 $19,039,000
Other 1,589 $194,244,000 $122,000 $17,160,000 $62,000 $1,305,000
Insufficient Cash (Downpayment, Closing Cost) 486 $69,883,000 $143,000 $1,300,000 $63,000 $630,000
Unverifiable Information 483 $70,243,000 $145,000 $1,100,000 $73,000 $578,000
Employment History 260 $33,825,000 $130,000 $649,000 $54,000 $375,000
Mortgage Insurance Denied 3 $337,000 $112,000 $220,000 $63,000 $93,000
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Mortgage Loan Application Totals in 2017 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 4,331 $ 467,460,000 $ 107,000 $ 52,000
AUBURN-OPELIKA, AL 7,404 $ 1,425,532,000 $ 192,000 $ 83,000
BIRMINGHAM-HOOVER, AL 51,289 $ 9,470,269,000 $ 184,000 $ 73,000
DAPHNE-FAIRHOPE-FOLEY, AL 14,600 $ 2,961,903,000 $ 202,000 $ 93,000
DECATUR, AL 6,741 $ 767,129,000 $ 113,000 $ 56,000
DOTHAN, AL 5,869 $ 795,211,000 $ 135,000 $ 66,000
FLORENCE-MUSCLE SHOALS, AL 6,572 $ 790,949,000 $ 120,000 $ 63,000
GADSDEN, AL 3,474 $ 405,979,000 $ 116,000 $ 59,000
HUNTSVILLE, AL 25,744 $ 4,350,097,000 $ 168,000 $ 73,000
MOBILE, AL 16,202 $ 2,410,304,000 $ 148,000 $ 63,000
MONTGOMERY, AL 15,512 $ 2,499,653,000 $ 161,000 $ 67,000
TUSCALOOSA, AL 9,755 $ 1,687,351,000 $ 172,000 $ 68,000
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Mortgage Loan Application Totals in 2017 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 2,721 $ 445,429,000 $ 163,000 $ 63,000
Baldwin 14,774 $ 2,974,581,000 $ 201,000 $ 93,000
Barbour 594 $ 60,784,000 $ 102,000 $ 58,000
Bibb 692 $ 70,892,000 $ 102,000 $ 51,000
Blount 2,452 $ 288,514,000 $ 117,000 $ 55,000
Bullock 225 $ 17,901,000 $ 79,000 $ 47,000
Butler 657 $ 50,722,000 $ 77,000 $ 50,000
Calhoun 4,352 $ 468,750,000 $ 107,000 $ 52,000
Chambers 931 $ 86,198,000 $ 92,000 $ 46,000
Cherokee 952 $ 116,604,000 $ 122,000 $ 66,000
Chilton 1,896 $ 206,424,000 $ 108,000 $ 55,000
Choctaw 318 $ 26,613,000 $ 83,000 $ 61,000
Clarke 859 $ 79,223,000 $ 92,000 $ 56,000
Clay 389 $ 34,765,000 $ 89,000 $ 51,000
Cleburne 502 $ 51,426,000 $ 102,000 $ 54,000
Coffee 2,547 $ 372,131,000 $ 146,000 $ 62,000
Colbert 2,575 $ 296,896,000 $ 115,000 $ 64,000
Conecuh 294 $ 21,101,000 $ 71,000 $ 59,000
Coosa 385 $ 43,410,000 $ 112,000 $ 65,000
Covington 1,213 $ 136,216,000 $ 112,000 $ 67,000
Crenshaw 521 $ 42,550,000 $ 81,000 $ 57,000
Cullman 3,491 $ 455,212,000 $ 130,000 $ 63,000
Dale 1,621 $ 189,286,000 $ 116,000 $ 52,000
Dallas 892 $ 82,078,000 $ 92,000 $ 58,000
DeKalb 1,685 $ 174,066,000 $ 103,000 $ 53,000
Elmore 4,177 $ 627,874,000 $ 150,000 $ 65,000
Escambia 950 $ 92,808,000 $ 97,000 $ 57,000
Etowah 3,487 $ 406,757,000 $ 116,000 $ 59,000
Fayette 431 $ 42,256,000 $ 98,000 $ 52,000
Franklin 906 $ 79,290,000 $ 87,000 $ 56,000
Geneva 945 $ 91,041,000 $ 96,000 $ 55,000
Greene 179 $ 13,559,000 $ 75,000 $ 51,000
Hale 516 $ 51,758,000 $ 100,000 $ 56,000
Henry 683 $ 79,740,000 $ 116,000 $ 63,000
Houston 4,343 $ 631,676,000 $ 145,000 $ 68,000
Jackson 1,405 $ 159,133,000 $ 113,000 $ 58,000
Jefferson 27,285 $ 5,643,994,000 $ 206,000 $ 77,000
Lamar 322 $ 26,723,000 $ 82,000 $ 50,000
Lauderdale 4,023 $ 495,511,000 $ 123,000 $ 62,000
Lawrence 1,243 $ 119,777,000 $ 96,000 $ 48,000
Lee 7,446 $ 1,427,855,000 $ 191,000 $ 83,000
Limestone 5,651 $ 878,284,000 $ 155,000 $ 65,000
Lowndes 366 $ 29,087,000 $ 79,000 $ 51,000
Macon 501 $ 38,893,000 $ 77,000 $ 50,000
Madison 20,140 $ 3,474,213,000 $ 172,000 $ 75,000
Marengo 657 $ 62,368,000 $ 94,000 $ 67,000
Marion 839 $ 84,934,000 $ 101,000 $ 55,000
Marshall 3,450 $ 434,471,000 $ 125,000 $ 60,000
Mobile 16,295 $ 2,416,895,000 $ 148,000 $ 63,000
Monroe 657 $ 56,440,000 $ 85,000 $ 53,000
Montgomery 8,367 $ 1,406,373,000 $ 168,000 $ 69,000
Morgan 5,531 $ 649,438,000 $ 117,000 $ 58,000
Perry 258 $ 18,937,000 $ 73,000 $ 50,000
Pickens 547 $ 48,309,000 $ 88,000 $ 51,000
Pike 943 $ 103,182,000 $ 109,000 $ 61,000
Randolph 697 $ 92,596,000 $ 132,000 $ 73,000
Russell 2,362 $ 304,610,000 $ 128,000 $ 50,000
Shelby 12,165 $ 2,338,081,000 $ 192,000 $ 79,000
St. Clair 4,808 $ 705,227,000 $ 146,000 $ 59,000
Sumter 242 $ 17,641,000 $ 72,000 $ 57,000
Talladega 3,113 $ 349,427,000 $ 112,000 $ 57,000
Tallapoosa 1,778 $ 303,793,000 $ 170,000 $ 97,000
Tuscaloosa 8,750 $ 1,590,811,000 $ 181,000 $ 69,000
Walker 2,293 $ 235,711,000 $ 102,000 $ 58,000
Washington 514 $ 46,236,000 $ 89,000 $ 59,000
Wilcox 229 $ 18,794,000 $ 82,000 $ 61,000
Winston 932 $ 126,389,000 $ 135,000 $ 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