Arizona
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for Arizona.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of Arizona.
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 557,663
Total Mortgage Loan Application Amount $138,617,810,000
Average Mortgage Loan Application Amount $248,000
Highest Mortgage Loan Application Amount $91,905,000
Average Applicant Income $104,000
Highest Applicant Income $9,618,000

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 Arizona, 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.

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Mortgage Loan Application Detail Totals for Arizona 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 245,179 $67,135,970,000 $273,000 $91,905,000 $107,000 $9,618,000
Refinancing 147,027 $40,245,145,000 $273,000 $70,005,000 $107,000 $7,367,000
Cash-out Refinancing 105,269 $24,722,875,000 $234,000 $32,465,000 $93,000 $7,156,000
Home Improvement 30,921 $2,863,645,000 $92,000 $27,885,000 $107,000 $6,560,000
Other Purpose 25,221 $2,891,975,000 $114,000 $38,465,000 $112,000 $6,114,000
Not Applicable 4,046 $758,200,000 $187,000 $3,345,000 $108,000 $1,716,000

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 312,393 $76,376,405,000 $244,000 $8,505,000 $111,000 $9,618,000
Hispanic 81,551 $15,514,245,000 $190,000 $5,205,000 $74,000 $6,500,000
Not Provided 73,434 $18,178,550,000 $247,000 $22,725,000 $108,000 $8,000,000
Not applicable 52,836 $19,463,545,000 $368,000 $91,905,000 $92,000 $4,619,000
Black or African American 15,136 $3,474,300,000 $229,000 $3,255,000 $90,000 $8,165,000
Asian 14,553 $3,891,745,000 $267,000 $3,505,000 $125,000 $9,168,000
American Indian or Alaskan Native 4,090 $792,120,000 $193,000 $3,805,000 $86,000 $1,842,000
Native Hawaiian or Other Pacific Islander 1,099 $249,745,000 $227,000 $905,000 $97,000 $1,643,000

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) 392,111 $99,805,130,000 $254,000 $91,905,000 $116,000 $9,618,000
FHA-insured (Federal Housing Administration) 90,390 $18,755,480,000 $207,000 $35,575,000 $63,000 $1,540,000
VA-guaranteed (Veterans Administration) 72,404 $19,598,250,000 $270,000 $1,725,000 $73,000 $2,604,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,758 $458,950,000 $166,000 $625,000 $53,000 $396,000

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 295,065 $77,655,235,000 $263,000 $91,635,000 $107,000 $9,168,000
Loan Purchased By The Institution 87,679 $21,496,305,000 $245,000 $32,465,000 $101,000 $9,168,000
Application Withdrawn By Applicant 74,819 $19,494,420,000 $260,000 $91,905,000 $106,000 $9,618,000
Application Denied By Financial Institution 66,388 $12,173,330,000 $183,000 $51,025,000 $91,000 $7,190,000
File Closed For Incompleteness 21,570 $5,017,950,000 $232,000 $11,875,000 $104,000 $7,367,000
Application Approved But Not Accepted 11,906 $2,724,040,000 $228,000 $7,505,000 $112,000 $7,328,000
Preapproval Approved but not Accepted 176 $43,880,000 $249,000 $635,000 $92,000 $450,000
Preapproval Denied by Financial Institution 60 $12,650,000 $210,000 $515,000 $73,000 $360,000

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 484,036 $124,790,550,000 $257,000 $91,905,000 $106,000 $9,618,000
Debt-To-Income Ratio 25,689 $5,154,710,000 $200,000 $29,005,000 $74,000 $5,004,000
Credit History 17,620 $2,322,720,000 $131,000 $3,005,000 $93,000 $6,560,000
Collateral 10,817 $1,970,965,000 $182,000 $19,815,000 $115,000 $6,000,000
Credit Application Incomplete 7,533 $1,744,865,000 $231,000 $2,485,000 $103,000 $4,085,000
Other 6,810 $1,491,410,000 $219,000 $51,025,000 $103,000 $7,000,000
Unverifiable Information 2,961 $612,395,000 $206,000 $4,805,000 $118,000 $7,190,000
Insufficient Cash (Downpayment, Closing Cost) 1,259 $320,865,000 $254,000 $2,235,000 $96,000 $1,025,000
Employment History 925 $207,395,000 $224,000 $1,985,000 $70,000 $978,000
Mortgage Insurance Denied 13 $1,935,000 $148,000 $285,000 $65,000 $122,000
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Mortgage Loan Application Totals in 2019 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 8,294 $ 2,334,775,000 $ 281,000 $ 136,000
LAKE HAVASU CITY-KINGMAN, AZ 16,429 $ 3,136,345,000 $ 190,000 $ 89,000
PHOENIX-MESA-SCOTTSDALE, AZ 412,730 $ 108,132,860,000 $ 261,000 $ 108,000
PRESCOTT VALLEY-PRESCOTT, AZ 20,038 $ 4,768,710,000 $ 237,000 $ 94,000
SIERRA VISTA-DOUGLAS, AZ 6,662 $ 1,120,230,000 $ 168,000 $ 73,000
TUCSON, AZ 68,507 $ 14,518,975,000 $ 211,000 $ 92,000
YUMA, AZ 10,109 $ 1,642,615,000 $ 162,000 $ 73,000
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Mortgage Loan Application Totals in 2019 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 1,216 $ 168,820,000 $ 138,000 $ 77,000
Cochise 6,666 $ 1,163,970,000 $ 174,000 $ 73,000
Coconino 8,317 $ 2,337,060,000 $ 281,000 $ 136,000
Gila 3,540 $ 695,570,000 $ 196,000 $ 100,000
Graham 1,812 $ 293,040,000 $ 161,000 $ 78,000
Greenlee 126 $ 17,940,000 $ 142,000 $ 70,000
La Paz 498 $ 88,870,000 $ 178,000 $ 115,000
Maricopa 369,874 $ 100,042,890,000 $ 270,000 $ 112,000
Mohave 16,453 $ 3,142,095,000 $ 190,000 $ 89,000
Navajo 5,281 $ 985,225,000 $ 186,000 $ 102,000
Pima 68,542 $ 14,607,940,000 $ 213,000 $ 92,000
Pinal 43,071 $ 8,315,105,000 $ 193,000 $ 77,000
Santa Cruz 2,073 $ 343,405,000 $ 165,000 $ 79,000
Yavapai 20,079 $ 4,772,905,000 $ 237,000 $ 94,000
Yuma 10,115 $ 1,642,975,000 $ 162,000 $ 73,000

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 Arizona.

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