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 2003-2019 in all of Alabama.
You can organize this information by metropolitan area and by county.

Years 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.

Download the Alabama Lender List

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
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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
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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.

Download the Alabama Lender List