Alabama
Mortgage Loan Application
Totals and Details
in 2019
Find mortgage statistics and mortgage data for Alabama.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of Alabama.
You can organize this information by metropolitan area and by county.
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 230,120 |
| Total Mortgage Loan Application Amount | $40,829,310,000 |
| Average Mortgage Loan Application Amount | $177,000 |
| Highest Mortgage Loan Application Amount | $75,005,000 |
| Average Applicant Income | $92,000 |
| Highest Applicant Income | $7,200,000 |
Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Alabama, these numbers will give you an idea of what to expect as you begin to look for a lender.
These lists can also 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.
Mortgage Loan Application Detail Totals for Alabama in 2019
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 | 120,272 | $22,665,810,000 | $188,000 | $42,505,000 | $88,000 | $7,200,000 |
| Refinancing | 46,188 | $9,454,355,000 | $204,000 | $75,005,000 | $100,000 | $5,406,000 |
| Cash-out Refinancing | 33,615 | $6,188,630,000 | $184,000 | $33,775,000 | $88,000 | $4,264,000 |
| Other Purpose | 14,085 | $1,128,885,000 | $80,000 | $9,055,000 | $103,000 | $6,480,000 |
| Home Improvement | 12,728 | $1,009,550,000 | $79,000 | $51,925,000 | $94,000 | $3,337,000 |
| Not Applicable | 3,232 | $382,080,000 | $118,000 | $1,905,000 | $77,000 | $408,000 |
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 | 146,141 | $25,144,045,000 | $172,000 | $4,645,000 | $97,000 | $7,200,000 |
| Black or African American | 31,537 | $4,340,805,000 | $137,000 | $1,605,000 | $64,000 | $2,806,000 |
| Not applicable | 24,408 | $6,427,250,000 | $263,000 | $75,005,000 | $89,000 | $1,461,000 |
| Not Provided | 18,649 | $3,387,725,000 | $181,000 | $4,955,000 | $93,000 | $4,005,000 |
| Hispanic | 4,535 | $684,685,000 | $150,000 | $2,995,000 | $80,000 | $1,850,000 |
| Asian | 2,831 | $540,095,000 | $190,000 | $1,365,000 | $108,000 | $1,857,000 |
| American Indian or Alaskan Native | 1,307 | $172,675,000 | $132,000 | $1,805,000 | $74,000 | $5,269,000 |
| Native Hawaiian or Other Pacific Islander | 206 | $34,930,000 | $169,000 | $765,000 | $99,000 | $1,193,000 |
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) | 150,575 | $26,336,885,000 | $174,000 | $75,005,000 | $102,000 | $7,200,000 |
| FHA-insured (Federal Housing Administration) | 40,222 | $6,354,990,000 | $157,000 | $51,925,000 | $60,000 | $1,510,000 |
| VA-guaranteed (Veterans Administration) | 32,752 | $7,229,860,000 | $220,000 | $1,305,000 | $78,000 | $1,156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6,571 | $907,575,000 | $138,000 | $435,000 | $49,000 | $198,000 |
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 | 121,167 | $23,542,515,000 | $194,000 | $75,005,000 | $98,000 | $7,200,000 |
| Application Denied By Financial Institution | 37,285 | $4,284,735,000 | $114,000 | $12,075,000 | $70,000 | $4,864,000 |
| Loan Purchased By The Institution | 30,063 | $5,732,465,000 | $190,000 | $15,265,000 | $98,000 | $1,489,000 |
| Application Withdrawn By Applicant | 25,956 | $4,982,685,000 | $191,000 | $35,005,000 | $92,000 | $6,480,000 |
| File Closed For Incompleteness | 9,985 | $1,453,860,000 | $145,000 | $6,705,000 | $79,000 | $5,269,000 |
| Application Approved But Not Accepted | 5,474 | $806,040,000 | $147,000 | $2,995,000 | $92,000 | $5,264,000 |
| Preapproval Denied by Financial Institution | 119 | $11,825,000 | $99,000 | $495,000 | $57,000 | $200,000 |
| Preapproval Approved but not Accepted | 71 | $15,185,000 | $213,000 | $885,000 | $114,000 | $1,209,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 183,903 | $35,001,495,000 | $190,000 | $75,005,000 | $96,000 | $7,200,000 |
| Debt-To-Income Ratio | 17,192 | $2,610,780,000 | $151,000 | $15,265,000 | $77,000 | $6,774,000 |
| Credit History | 14,590 | $1,266,080,000 | $86,000 | $9,975,000 | $66,000 | $4,619,000 |
| Collateral | 5,384 | $666,240,000 | $123,000 | $4,945,000 | $93,000 | $4,265,000 |
| Credit Application Incomplete | 3,393 | $520,285,000 | $153,000 | $2,505,000 | $84,000 | $2,370,000 |
| Other | 3,284 | $471,100,000 | $143,000 | $8,695,000 | $81,000 | $4,083,000 |
| Unverifiable Information | 1,230 | $142,770,000 | $116,000 | $2,505,000 | $82,000 | $4,864,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 737 | $96,585,000 | $131,000 | $1,125,000 | $77,000 | $761,000 |
| Employment History | 396 | $52,550,000 | $132,000 | $795,000 | $55,000 | $428,000 |
| Mortgage Insurance Denied | 11 | $1,425,000 | $129,000 | $325,000 | $61,000 | $117,000 |
Mortgage Loan Application Totals in 2019 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 | 4,363 | $ 516,425,000 | $ 118,000 | $ 67,000 |
| AUBURN-OPELIKA, AL | 8,588 | $ 1,752,615,000 | $ 204,000 | $ 102,000 |
| BIRMINGHAM-HOOVER, AL | 58,728 | $ 11,595,140,000 | $ 197,000 | $ 101,000 |
| DAPHNE-FAIRHOPE-FOLEY, AL | 18,199 | $ 4,003,015,000 | $ 219,000 | $ 116,000 |
| DECATUR, AL | 6,793 | $ 969,230,000 | $ 142,000 | $ 74,000 |
| DOTHAN, AL | 6,574 | $ 964,410,000 | $ 146,000 | $ 80,000 |
| FLORENCE-MUSCLE SHOALS, AL | 6,840 | $ 1,009,040,000 | $ 147,000 | $ 80,000 |
| GADSDEN, AL | 3,702 | $ 482,750,000 | $ 130,000 | $ 72,000 |
| HUNTSVILLE, AL | 30,841 | $ 6,259,575,000 | $ 202,000 | $ 100,000 |
| MOBILE, AL | 16,850 | $ 2,608,560,000 | $ 154,000 | $ 83,000 |
| MONTGOMERY, AL | 15,765 | $ 2,752,635,000 | $ 174,000 | $ 88,000 |
| TUSCALOOSA, AL | 10,562 | $ 2,075,270,000 | $ 196,000 | $ 90,000 |
Mortgage Loan Application Totals in 2019 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 | 2,992 | $ 526,440,000 | $ 175,000 | $ 81,000 |
| Baldwin | 18,323 | $ 4,013,425,000 | $ 219,000 | $ 116,000 |
| Barbour | 577 | $ 68,215,000 | $ 118,000 | $ 63,000 |
| Bibb | 718 | $ 84,840,000 | $ 118,000 | $ 79,000 |
| Blount | 2,604 | $ 349,660,000 | $ 134,000 | $ 73,000 |
| Bullock | 144 | $ 13,790,000 | $ 95,000 | $ 68,000 |
| Butler | 468 | $ 42,980,000 | $ 91,000 | $ 66,000 |
| Calhoun | 4,374 | $ 517,510,000 | $ 118,000 | $ 67,000 |
| Chambers | 1,002 | $ 117,580,000 | $ 117,000 | $ 59,000 |
| Cherokee | 957 | $ 131,275,000 | $ 137,000 | $ 77,000 |
| Chilton | 1,903 | $ 249,370,000 | $ 131,000 | $ 75,000 |
| Choctaw | 304 | $ 27,970,000 | $ 92,000 | $ 70,000 |
| Clarke | 695 | $ 78,225,000 | $ 112,000 | $ 70,000 |
| Clay | 363 | $ 39,215,000 | $ 108,000 | $ 61,000 |
| Cleburne | 467 | $ 55,755,000 | $ 119,000 | $ 66,000 |
| Coffee | 2,767 | $ 481,435,000 | $ 173,000 | $ 82,000 |
| Colbert | 2,739 | $ 406,565,000 | $ 148,000 | $ 78,000 |
| Conecuh | 305 | $ 25,835,000 | $ 84,000 | $ 58,000 |
| Coosa | 379 | $ 55,505,000 | $ 146,000 | $ 91,000 |
| Covington | 1,134 | $ 136,680,000 | $ 120,000 | $ 73,000 |
| Crenshaw | 405 | $ 39,345,000 | $ 97,000 | $ 67,000 |
| Cullman | 3,674 | $ 548,550,000 | $ 149,000 | $ 81,000 |
| Dale | 1,787 | $ 257,385,000 | $ 144,000 | $ 66,000 |
| Dallas | 741 | $ 77,855,000 | $ 105,000 | $ 66,000 |
| DeKalb | 1,938 | $ 228,510,000 | $ 117,000 | $ 69,000 |
| Elmore | 4,394 | $ 822,940,000 | $ 187,000 | $ 92,000 |
| Escambia | 989 | $ 111,115,000 | $ 112,000 | $ 67,000 |
| Etowah | 3,711 | $ 483,365,000 | $ 130,000 | $ 72,000 |
| Fayette | 472 | $ 47,880,000 | $ 101,000 | $ 60,000 |
| Franklin | 734 | $ 75,450,000 | $ 102,000 | $ 60,000 |
| Geneva | 1,037 | $ 110,265,000 | $ 106,000 | $ 65,000 |
| Greene | 176 | $ 14,830,000 | $ 84,000 | $ 60,000 |
| Hale | 447 | $ 44,725,000 | $ 100,000 | $ 67,000 |
| Henry | 782 | $ 107,950,000 | $ 138,000 | $ 76,000 |
| Houston | 4,800 | $ 758,570,000 | $ 158,000 | $ 84,000 |
| Jackson | 1,737 | $ 235,255,000 | $ 135,000 | $ 80,000 |
| Jefferson | 32,818 | $ 6,785,680,000 | $ 206,000 | $ 107,000 |
| Lamar | 332 | $ 30,610,000 | $ 92,000 | $ 61,000 |
| Lauderdale | 4,139 | $ 604,875,000 | $ 146,000 | $ 80,000 |
| Lawrence | 1,229 | $ 134,375,000 | $ 109,000 | $ 63,000 |
| Lee | 8,646 | $ 1,756,205,000 | $ 203,000 | $ 102,000 |
| Limestone | 6,771 | $ 1,302,715,000 | $ 192,000 | $ 91,000 |
| Lowndes | 312 | $ 32,030,000 | $ 102,000 | $ 60,000 |
| Macon | 479 | $ 50,215,000 | $ 104,000 | $ 62,000 |
| Madison | 24,090 | $ 4,974,540,000 | $ 206,000 | $ 103,000 |
| Marengo | 523 | $ 57,155,000 | $ 109,000 | $ 70,000 |
| Marion | 758 | $ 79,560,000 | $ 104,000 | $ 68,000 |
| Marshall | 3,953 | $ 593,435,000 | $ 150,000 | $ 80,000 |
| Mobile | 16,534 | $ 2,575,180,000 | $ 155,000 | $ 83,000 |
| Monroe | 520 | $ 54,900,000 | $ 105,000 | $ 68,000 |
| Montgomery | 8,205 | $ 1,453,865,000 | $ 177,000 | $ 89,000 |
| Morgan | 5,583 | $ 836,070,000 | $ 149,000 | $ 76,000 |
| Perry | 220 | $ 18,930,000 | $ 86,000 | $ 53,000 |
| Pickens | 484 | $ 47,310,000 | $ 97,000 | $ 59,000 |
| Pike | 948 | $ 136,460,000 | $ 143,000 | $ 76,000 |
| Randolph | 877 | $ 120,785,000 | $ 137,000 | $ 84,000 |
| Russell | 2,526 | $ 390,200,000 | $ 154,000 | $ 68,000 |
| Shelby | 15,160 | $ 3,232,300,000 | $ 213,000 | $ 106,000 |
| St. Clair | 5,676 | $ 927,635,000 | $ 163,000 | $ 77,000 |
| Sumter | 205 | $ 17,735,000 | $ 86,000 | $ 61,000 |
| Talladega | 2,760 | $ 356,750,000 | $ 129,000 | $ 70,000 |
| Tallapoosa | 1,899 | $ 402,325,000 | $ 211,000 | $ 127,000 |
| Tuscaloosa | 9,549 | $ 1,974,505,000 | $ 206,000 | $ 93,000 |
| Walker | 2,237 | $ 269,595,000 | $ 120,000 | $ 74,000 |
| Washington | 414 | $ 40,630,000 | $ 98,000 | $ 73,000 |
| Wilcox | 234 | $ 23,750,000 | $ 101,000 | $ 78,000 |
| Winston | 1,000 | $ 162,730,000 | $ 162,000 | $ 115,000 |
We hope these mortgage application details and statistics 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 Alabama.
If you prefer, you can download a copy of the entire list of mortgage lenders in Alabama and search similar information back through 2003.