Arizona
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Arizona mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Arizona based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Arizona's mortgage market trends.

Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 293,527
Total Mortgage Loan Application Amount $91,364,955,000
Average Mortgage Loan Application Amount $311,000
Highest Mortgage Loan Application Amount $95,005,000
Average Applicant Income $140,000
Highest Applicant Income $9,999,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Arizona. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Arizona, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Arizona.

Download the Arizona Lender List

Mortgage Loan Application Detail Totals for Arizona in 2023

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 163,896 $64,461,040,000 $393,000 $85,005,000 $153,000 $9,999,000
Cash-out Refinancing 46,140 $12,615,390,000 $273,000 $95,005,000 $110,000 $8,019,000
Home Improvement 33,583 $3,773,490,000 $112,000 $57,435,000 $132,000 $7,493,000
Other Purpose 33,391 $3,967,895,000 $118,000 $54,925,000 $132,000 $9,010,000
Refinancing 16,075 $6,431,340,000 $400,000 $64,505,000 $151,000 $9,282,000
Not Applicable 442 $115,800,000 $261,000 $50,545,000 $48,000 $130,000

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 137,756 $39,883,920,000 $289,000 $10,805,000 $151,000 $9,180,000
Hispanic 54,886 $13,364,395,000 $243,000 $5,005,000 $105,000 $9,282,000
Not Provided 39,768 $12,218,700,000 $307,000 $10,805,000 $150,000 $9,999,000
Not applicable 34,326 $17,170,305,000 $500,000 $95,005,000 $164,000 $3,363,000
Black or African American 10,840 $3,236,410,000 $298,000 $6,295,000 $127,000 $4,783,000
Asian 10,331 $3,922,975,000 $379,000 $8,125,000 $174,000 $7,569,000
American Indian or Alaskan Native 3,007 $654,095,000 $217,000 $2,215,000 $109,000 $3,231,000
Native Hawaiian or Other Pacific Islander 668 $197,580,000 $295,000 $10,005,000 $133,000 $2,798,000

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) 213,590 $63,955,540,000 $299,000 $95,005,000 $155,000 $9,999,000
FHA-insured (Federal Housing Administration) 53,237 $17,154,335,000 $322,000 $57,435,000 $91,000 $8,565,000
VA-guaranteed (Veterans Administration) 25,715 $10,023,075,000 $389,000 $3,755,000 $108,000 $1,440,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 985 $232,005,000 $235,000 $815,000 $79,000 $300,000

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 146,709 $48,763,920,000 $332,000 $66,175,000 $148,000 $9,999,000
Application Denied By Financial Institution 49,086 $10,190,945,000 $207,000 $64,505,000 $111,000 $9,010,000
Application Withdrawn By Applicant 41,089 $14,285,900,000 $347,000 $85,005,000 $149,000 $9,100,000
Loan Purchased By The Institution 34,666 $12,699,995,000 $366,000 $95,005,000 $159,000 $3,363,000
File Closed For Incompleteness 12,799 $3,001,955,000 $234,000 $8,125,000 $126,000 $8,719,000
Application Approved But Not Accepted 8,708 $2,252,810,000 $258,000 $51,755,000 $150,000 $9,180,000
Preapproval Approved but not Accepted 249 $93,835,000 $376,000 $2,805,000 $143,000 $933,000
Preapproval Denied by Financial Institution 221 $75,595,000 $342,000 $1,105,000 $109,000 $1,011,000

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 242,796 $80,073,800,000 $329,000 $95,005,000 $147,000 $9,999,000
Debt-To-Income Ratio 21,313 $5,153,120,000 $241,000 $65,165,000 $85,000 $5,811,000
Credit History 11,116 $1,679,135,000 $151,000 $6,245,000 $116,000 $9,010,000
Collateral 7,036 $1,478,040,000 $210,000 $16,055,000 $148,000 $7,126,000
Credit Application Incomplete 4,276 $938,860,000 $219,000 $7,005,000 $132,000 $4,412,000
Other 3,508 $960,490,000 $273,000 $64,505,000 $139,000 $5,080,000
Unverifiable Information 1,932 $548,450,000 $283,000 $6,005,000 $140,000 $6,568,000
Insufficient Cash (Downpayment, Closing Cost) 959 $356,675,000 $371,000 $5,505,000 $138,000 $2,456,000
Employment History 583 $174,545,000 $299,000 $2,385,000 $107,000 $4,300,000
Mortgage Insurance Denied 8 $1,840,000 $230,000 $365,000 $105,000 $368,000
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Mortgage Loan Application Totals in 2023 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 4,207 $ 1,582,875,000 $ 376,000 $ 191,000
LAKE HAVASU CITY-KINGMAN, AZ 9,801 $ 2,258,615,000 $ 230,000 $ 119,000
PHOENIX-MESA-SCOTTSDALE, AZ 208,057 $ 69,224,290,000 $ 332,000 $ 149,000
PRESCOTT VALLEY-PRESCOTT, AZ 11,036 $ 3,233,055,000 $ 293,000 $ 130,000
SIERRA VISTA-DOUGLAS, AZ 4,561 $ 926,195,000 $ 203,000 $ 93,000
TUCSON, AZ 39,415 $ 10,503,075,000 $ 266,000 $ 119,000
YUMA, AZ 6,614 $ 1,370,120,000 $ 207,000 $ 98,000
Download the Arizona Lender List

Mortgage Loan Application Totals in 2023 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 957 $ 167,565,000 $ 175,000 $ 88,000
Cochise 4,561 $ 926,195,000 $ 203,000 $ 93,000
Coconino 4,207 $ 1,582,875,000 $ 376,000 $ 191,000
Gila 2,227 $ 571,435,000 $ 256,000 $ 129,000
Graham 1,206 $ 237,540,000 $ 196,000 $ 99,000
Greenlee 128 $ 20,930,000 $ 163,000 $ 101,000
La Paz 333 $ 81,145,000 $ 243,000 $ 165,000
Maricopa 177,807 $ 60,905,405,000 $ 342,000 $ 155,000
Mohave 9,801 $ 2,258,615,000 $ 230,000 $ 119,000
Navajo 3,411 $ 847,345,000 $ 248,000 $ 133,000
Pima 39,415 $ 10,503,075,000 $ 266,000 $ 119,000
Pinal 30,250 $ 8,318,885,000 $ 275,000 $ 109,000
Santa Cruz 1,574 $ 340,770,000 $ 216,000 $ 99,000
Yavapai 11,036 $ 3,233,055,000 $ 293,000 $ 130,000
Yuma 6,614 $ 1,370,120,000 $ 207,000 $ 98,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Arizona's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Arizona's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Arizona Lender List