Arizona
Mortgage Loan Application
Totals and Details
in 2014

Find mortgage statistics for Arizona.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2016 in all of Arizona.
You can organize this information by metropolitan area and by county.

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 310,768
Total Mortgage Loan Application Amount $62,350,256,000
Average Mortgage Loan Application Amount $200,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $81,000
Highest Applicant Income $9,999,000

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 Arizona, 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 Arizona 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 167,182 $34,988,194,000 $209,000 $99,999,000 $79,000 $9,999,000
Refinancing 128,811 $26,046,303,000 $202,000 $64,000,000 $83,000 $9,999,000
Home Improvement 14,775 $1,315,759,000 $89,000 $20,100,000 $86,000 $4,550,000

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 186,290 $37,766,933,000 $202,000 $40,000,000 $96,000 $9,999,000
Hispanic 43,482 $6,262,334,000 $144,000 $3,600,000 $59,000 $9,999,000
Not applicable 33,496 $9,088,054,000 $271,000 $99,999,000 $11,000 $2,753,000
Not Provided 28,347 $5,567,201,000 $196,000 $7,250,000 $94,000 $9,999,000
Asian 8,556 $1,878,766,000 $219,000 $2,175,000 $106,000 $3,420,000
Black or African American 6,761 $1,272,459,000 $188,000 $2,370,000 $77,000 $5,108,000
American Indian or Alaskan Native 2,861 $345,902,000 $120,000 $2,700,000 $62,000 $2,328,000
Native Hawaiin or Other Pacific Islander 975 $168,607,000 $172,000 $2,500,000 $75,000 $615,000

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) 199,731 $42,300,794,000 $211,000 $99,999,000 $99,000 $9,999,000
FHA-insured (Federal Housing Administration) 67,890 $11,113,985,000 $163,000 $28,875,000 $46,000 $2,400,000
VA-guaranteed (Veterans Administration) 36,687 $7,981,315,000 $217,000 $40,000,000 $57,000 $1,452,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,460 $954,162,000 $147,000 $413,000 $34,000 $156,000

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 152,808 $32,237,799,000 $210,000 $64,000,000 $94,000 $9,999,000
Loan Purchased By The Institution 58,120 $10,632,201,000 $182,000 $2,551,000 $38,000 $6,627,000
Application Denied By Financial Institution 44,616 $7,816,636,000 $175,000 $40,000,000 $81,000 $9,999,000
Application Withdrawn By Applicant 33,572 $7,365,088,000 $219,000 $99,999,000 $91,000 $9,999,000
File Closed For Incompleteness 13,414 $2,711,342,000 $202,000 $12,600,000 $90,000 $9,999,000
Application Approved But Not Accepted 8,231 $1,585,644,000 $192,000 $28,875,000 $96,000 $8,648,000
Preapproval Denied by Financial Institution 7 $1,546,000 $220,000 $570,000 $100,000 $240,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0

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 8,888 $1,149,867,000 $129,000 $3,000,000 $84,000 $9,999,000
Debt-To-Income Ratio 6,697 $1,297,026,000 $193,000 $2,700,000 $64,000 $1,562,000
Collateral 5,116 $1,055,196,000 $206,000 $31,770,000 $106,000 $6,377,000
Credit Application Incomplete 3,421 $686,616,000 $200,000 $2,674,000 $98,000 $6,090,000
Other 3,165 $593,303,000 $187,000 $30,000,000 $100,000 $5,000,000
Unverifiable Information 1,032 $214,609,000 $207,000 $2,963,000 $114,000 $3,158,000
Insufficient Cash (Downpayment, Closing Cost) 731 $147,258,000 $201,000 $2,120,000 $84,000 $1,103,000
Employment History 507 $100,732,000 $198,000 $2,000,000 $90,000 $4,750,000
Mortgage Insurance Denied 26 $5,297,000 $203,000 $557,000 $86,000 $204,000
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Mortgage Loan Application Totals in 2014 by Arizona 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
FLAGSTAFF, AZ 5,302 $ 1,242,972,000 $ 234,000 $ 105,000
LAKE HAVASU CITY-KINGMAN, AZ 8,448 $ 1,218,995,000 $ 144,000 $ 71,000
PHOENIX-MESA-SCOTTSDALE, AZ 222,713 $ 47,264,098,000 $ 212,000 $ 84,000
PRESCOTT, AZ 10,989 $ 2,057,057,000 $ 187,000 $ 74,000
SIERRA VISTA-DOUGLAS, AZ 4,227 $ 606,957,000 $ 143,000 $ 57,000
TUCSON, AZ 40,580 $ 7,245,051,000 $ 178,000 $ 74,000
YUMA, AZ 6,158 $ 833,892,000 $ 135,000 $ 57,000
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Mortgage Loan Application Totals in 2014 by Arizona County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Apache 1,061 $ 106,488,000 $ 100,000 $ 63,000
Cochise 4,238 $ 608,117,000 $ 143,000 $ 57,000
Coconino 5,330 $ 1,244,574,000 $ 233,000 $ 105,000
Gila 2,014 $ 304,175,000 $ 151,000 $ 76,000
Graham 1,045 $ 142,651,000 $ 136,000 $ 56,000
Greenlee 79 $ 7,980,000 $ 101,000 $ 56,000
La Paz 318 $ 50,050,000 $ 157,000 $ 137,000
Maricopa 203,498 $ 44,449,584,000 $ 218,000 $ 87,000
Mohave 8,457 $ 1,219,912,000 $ 144,000 $ 71,000
Navajo 3,290 $ 460,767,000 $ 140,000 $ 84,000
Pima 40,613 $ 7,250,843,000 $ 178,000 $ 74,000
Pinal 19,320 $ 2,873,892,000 $ 148,000 $ 60,000
Santa Cruz 1,383 $ 188,412,000 $ 136,000 $ 59,000
Yavapai 11,009 $ 2,059,081,000 $ 187,000 $ 74,000
Yuma 6,161 $ 834,016,000 $ 135,000 $ 57,000

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 AZ.

If you prefer, you can download a copy of the entire list of mortgage lenders in Arizona, and search similar information back through 2003.

Download the Arizona Lender List