AllMortgageDetail - Mortgage Application Details

Arizona
Mortgage Loan Application
Totals and Details
in 2014

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Years 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

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

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

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