Arizona
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 478,386
Total Mortgage Loan Application Amount $106,365,531,000
Average Mortgage Loan Application Amount $222,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $78,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Arizona in 2016

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
Refinancing 240,189 $52,877,167,000 $220,000 $99,999,000 $76,000 $9,999,000
Home Purchase 220,499 $51,349,421,000 $232,000 $97,060,000 $80,000 $9,999,000
Home Improvement 17,698 $2,138,943,000 $120,000 $47,160,000 $91,000 $6,100,000

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 279,267 $62,866,155,000 $225,000 $99,999,000 $93,000 $9,999,000
Hispanic 68,390 $11,393,681,000 $166,000 $4,180,000 $58,000 $5,350,000
Not applicable 57,493 $16,055,626,000 $279,000 $99,999,000 $12,000 $2,925,000
Not Provided 43,430 $9,587,284,000 $220,000 $24,371,000 $93,000 $9,999,000
Asian 12,894 $3,187,455,000 $247,000 $11,250,000 $111,000 $7,630,000
Black or African American 11,314 $2,335,434,000 $206,000 $2,775,000 $70,000 $9,530,000
American Indian or Alaskan Native 3,945 $594,239,000 $150,000 $2,000,000 $66,000 $1,520,000
Native Hawaiin or Other Pacific Islander 1,653 $345,657,000 $209,000 $1,223,000 $79,000 $1,859,000

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) 297,381 $70,352,224,000 $236,000 $99,999,000 $100,000 $9,999,000
FHA-insured (Federal Housing Administration) 110,631 $19,822,359,000 $179,000 $47,160,000 $39,000 $3,600,000
VA-guaranteed (Veterans Administration) 66,524 $15,606,202,000 $234,000 $1,578,000 $47,000 $5,700,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,850 $584,746,000 $151,000 $10,001,000 $34,000 $642,000

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 236,688 $55,060,616,000 $232,000 $60,675,000 $89,000 $9,999,000
Loan Purchased By The Institution 83,310 $17,499,737,000 $210,000 $84,375,000 $38,000 $4,958,000
Application Denied By Financial Institution 69,083 $14,114,675,000 $204,000 $99,999,000 $81,000 $9,999,000
Application Withdrawn By Applicant 59,736 $13,491,815,000 $225,000 $99,999,000 $87,000 $9,999,000
File Closed For Incompleteness 19,703 $4,088,892,000 $207,000 $4,000,000 $75,000 $3,504,000
Application Approved But Not Accepted 9,842 $2,104,367,000 $213,000 $5,444,000 $92,000 $6,172,000
Preapproval Denied by Financial Institution 16 $3,805,000 $237,000 $417,000 $55,000 $137,000
Preapproval Approved but not Accepted 8 $1,624,000 $203,000 $417,000 $68,000 $118,000

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 8,927 $1,402,547,000 $157,000 $12,950,000 $84,000 $5,040,000
Debt-To-Income Ratio 8,368 $1,849,913,000 $221,000 $5,023,000 $67,000 $6,100,000
Credit Application Incomplete 6,278 $1,327,234,000 $211,000 $3,000,000 $90,000 $9,999,000
Collateral 6,010 $1,316,210,000 $219,000 $7,000,000 $103,000 $5,450,000
Other 3,872 $995,584,000 $257,000 $97,060,000 $82,000 $6,720,000
Unverifiable Information 1,439 $332,440,000 $231,000 $7,700,000 $105,000 $6,883,000
Insufficient Cash (Downpayment, Closing Cost) 913 $205,903,000 $225,000 $2,002,000 $86,000 $816,000
Employment History 629 $131,150,000 $208,000 $2,800,000 $64,000 $480,000
Mortgage Insurance Denied 36 $7,861,000 $218,000 $527,000 $90,000 $240,000
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Mortgage Loan Application Totals in 2016 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 7,743 $ 1,992,874,000 $ 257,000 $ 103,000
LAKE HAVASU CITY-KINGMAN, AZ 13,221 $ 2,159,218,000 $ 163,000 $ 72,000
PHOENIX-MESA-SCOTTSDALE, AZ 347,764 $ 81,934,133,000 $ 235,000 $ 81,000
PRESCOTT, AZ 16,650 $ 3,594,315,000 $ 215,000 $ 75,000
SIERRA VISTA-DOUGLAS, AZ 6,169 $ 944,762,000 $ 153,000 $ 52,000
TUCSON, AZ 63,789 $ 12,069,050,000 $ 189,000 $ 70,000
YUMA, AZ 9,482 $ 1,413,680,000 $ 149,000 $ 53,000
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Mortgage Loan Application Totals in 2016 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 1,261 $ 140,402,000 $ 111,000 $ 66,000
Cochise 6,173 $ 945,138,000 $ 153,000 $ 52,000
Coconino 7,768 $ 1,995,439,000 $ 256,000 $ 103,000
Gila 3,008 $ 508,641,000 $ 169,000 $ 78,000
Graham 1,517 $ 234,415,000 $ 154,000 $ 58,000
Greenlee 100 $ 9,624,000 $ 96,000 $ 56,000
La Paz 455 $ 80,913,000 $ 177,000 $ 96,000
Maricopa 316,402 $ 76,787,106,000 $ 242,000 $ 83,000
Mohave 13,234 $ 2,160,598,000 $ 163,000 $ 73,000
Navajo 4,527 $ 705,108,000 $ 155,000 $ 85,000
Pima 63,807 $ 12,071,190,000 $ 189,000 $ 70,000
Pinal 31,529 $ 5,170,170,000 $ 163,000 $ 55,000
Santa Cruz 2,010 $ 299,134,000 $ 148,000 $ 56,000
Yavapai 16,686 $ 3,598,656,000 $ 215,000 $ 75,000
Yuma 9,486 $ 1,414,485,000 $ 149,000 $ 53,000
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