Aroostook County, ME Mortgage Lenders & HMDA Data, 2021

In 2021, lenders reported 2,407 mortgage applications in Aroostook County, ME totaling $315.1 million, up 8% from 2020. The average application was for $130,000, and applicants reported an average income of $81,000. 62% of applications resulted in an originated loan and 15% were denied. The most active lender was Machias Savings Bank, with 368 applications, followed by Katahdin Trust Company and Keybank National Association.

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Years 2025  2024  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 2,407
Total Mortgage Loan Application Amount $315,105,000
Average Mortgage Loan Application Amount $130,000
Highest Mortgage Loan Application Amount $2,005,000
Average Applicant Income $81,000
Highest Applicant Income $3,070,000

Mortgage Company List for Lending in Aroostook County, ME for 2021

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Machias Savings Bank
4 CENTER STREET
MACHIAS, ME 04654
* $ 1,525,860,000 368 $ 46,950,000
Katahdin Trust Company
11 MAIN STREET / PO BOX 450
PATTEN, ME 04765
* $ 850,692,000 253 $ 31,205,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 135,758,439,000 225 $ 25,205,000
Acadia Federal Credit Union
9 E MAIN ST
FORT KENT, ME 04743
* $ 223,405,000 203 $ 20,355,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 98 $ 15,160,000
Bangor Savings Bank
19 MAINE AVENUE
BANGOR, ME 04401
* $ 4,733,474,000 88 $ 9,050,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 70 $ 10,210,000
TD Bank

MOUNT LAUREL, NJ 08054
* $ 320,471,996,000 50 $ 6,510,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 49 $ 7,565,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 49 $ 7,675,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 47 $ 7,695,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 36 $ 5,650,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 90,565,764,000 36 $ 5,900,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 28 $ 3,530,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 25 $ 3,365,000
Mortgage Network, Inc.
99 CONIFER HILL DR
DANVERS, MA 01923
* $ -1,000 25 $ 4,365,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ -1,000 24 $ 4,410,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 23 $ 2,945,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 80,522,766,000 22 $ 5,260,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 22 $ 2,810,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,747,398,000,000 20 $ 2,470,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 98,729,134,000 20 $ 1,320,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 18 $ 2,300,000
University Credit Union
15 MAIN STREET
ORONO, ME 04473
* $ 330,643,000 15 $ 1,645,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 14 $ 2,060,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,751,524,000,000 14 $ 1,800,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 456,025,829,000 12 $ 1,750,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 12 $ 1,610,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 12 $ 1,440,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 11 $ 1,725,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,140,778,000,000 11 $ 1,825,000
The Camden National Bank
2 ELM STREET
CAMDEN, ME 04843
* $ 4,410,250,000 10 $ 1,130,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 10 $ 1,530,000
Residential Mortgage Services, Inc.
24 CHRISTOPHER TOPPI DRIVE
SOUTH PORTLAND, ME 04106
* $ -1,000 10 $ 1,540,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 9 $ 1,105,000
Maine Savings Federal Credit Union
PO BOX 347
HAMPDEN, ME 04444
* $ 452,482,000 9 $ 1,665,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 8 $ 1,080,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 8 $ 1,310,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 8 $ 1,100,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,445,435,000 8 $ 820,000
First National Bank
P.O. BOX 940
DAMARISCOTTA, ME 04543
* $ 2,036,932,000 7 $ 1,255,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ -1,000 7 $ 1,125,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 121,995,997,000 6 $ 750,000
Kennebec Savings Bank
150 STATE ST
AUGUSTA, ME 04332
* $ -1,000 6 $ 690,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 6 $ 510,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 464,504,000 6 $ 680,000
Cuso Mortgage Corporation
101 WESTERN AVENUE
HAMPDEN, ME 04444
* $ -1,000 6 $ 890,000
Northpoint Mortgage, Inc.
204 TURNPIKE ROAD
STURBRIDGE, MA 01566
* $ -1,000 5 $ 1,285,000
Farm Credit East Aca
240 SOUTH ROAD
ENFIELD, CT 06082
* $ -1,000 5 $ 1,365,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 5 $ 465,000
Total Mortgage Services, LLC
185 PLAINS ROAD
MILFORD, CT 06461
* $ -1,000 5 $ 805,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 5 $ 1,005,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 5 $ 665,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 5 $ 475,000
Shamrock Home Loans, Inc.
75 NEWMAN AVE
EAST PROVIDENCE, RI 02916
* $ -1,000 4 $ 580,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 4 $ 480,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 604,528,000 4 $ 810,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 24,774,361,000 4 $ 520,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 4 $ 850,000
Flagstar Bank NA

TROY, MI 49098
* $ 16,855,693,000 4 $ 730,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 4 $ 450,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 3 $ 95,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 3 $ 335,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ -1,000 3 $ 395,000
Harborone Mortgage, LLC
1045 ELM ST SUITE 601
MANCHESTER, NH 03101
* $ -1,000 3 $ 335,000
Consumer Real Estate Finance Co dba Society Mortgage
330 SW 2ND ST #111
FORT LAUDERDALE, FL 33312
* $ -1,000 3 $ 355,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 22,986,309,000 3 $ 235,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ -1,000 3 $ 605,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ -1,000 2 $ 10,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ -1,000 2 $ 310,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 2 $ 430,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 2 $ 230,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 2 $ 470,000
Skowhegan Savings Bank
13 ELM ST
SKOWHEGAN, ME 04976
* $ 606,333,000 2 $ 330,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ -1,000 2 $ 370,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 370,002,264,000 2 $ 190,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 216,077,000,000 2 $ 250,000
Norway Savings Bank
261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268
* $ 1,237,204,000 2 $ 310,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 210,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ -1,000 2 $ 470,000
Atlantic Federal Credit Union
PO BOX 188
BRUNSWICK, ME 04011
* $ 748,759,000 2 $ 500,000
Androscoggin Bank
30 LISBON STREET
LEWISTON, ME 04243
* $ 1,084,186,000 2 $ 260,000
Passumpsic Bank
25 MR ARTHUR DRIVE
CHESTERFIELD, NH 03466
* $ -1,000 2 $ 260,000
Maine Family Federal Credit Union
555 SABATTUS STREET
LEWISTON, ME 04240
* $ 176,635,000 2 $ 110,000
Bethpage Federal Credit Union
899 SOUTH OYSTER BAY ROAD
BETHPAGE, NY 11714
* $ 9,467,660,000 2 $ 100,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 2,186,056,000 2 $ 150,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 313,272,000 2 $ 260,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 2 $ 350,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 2 $ 150,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ -1,000 2 $ 140,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ -1,000 2 $ 230,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 2 $ 200,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,131,130,000 2 $ 390,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 2 $ 120,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 2 $ 220,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ -1,000 2 $ 260,000
BNC National Bank

BISMARCK, ND 58501
* $ 965,305,000 2 $ 440,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 1 $ 105,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 137,588,093,000 1 $ 115,000
Ally Bank

CHARLOTTE, NC 28202
* $ 167,492,000,000 1 $ 105,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 1 $ 85,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ 9,361,090,000 1 $ 115,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 707,275,000 1 $ 455,000
Truchoice FCU
332 CUMMINGS RD
SOUTH PORTLAND, ME 04106
* $ 151,286,000 1 $ 155,000
New Fed Mortgage Corp.
98 HIGH ST
DANVERS, MA 01923
* $ -1,000 1 $ 155,000
Dirigo Federal Credit Union
391 MAIN STREET
LEWISTON, ME 04243
* $ 260,617,000 1 $ 35,000
Draper and Kramer Mortgage Corp.
1431 OPUS PLACE SUITE 200
WILMINGTON, DE 60515
* $ -1,000 1 $ 125,000
Megastar Finanacial Corp
1080 CHEROKEE STREET
DENVER, CO 80204
* $ -1,000 1 $ 65,000
Holy Rosary Regional Credit Union
133 BROCK ST
ROCHESTER, NH 03867
* $ 310,705,000 1 $ 105,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 225,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 1 $ 85,000
Cfbank NA
4960 E DUBLIN GRANVILLE RD SUITE 400
COLUMBUS, OH 43081
* $ 879,238,000 1 $ 425,000
Bank Fund Staff Federal Credit
1725 I STREET NW SUITE 150
WASHINGTON, DC 20006
* $ 5,188,505,000 1 $ 235,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 2,177,570,000 1 $ 215,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 2,503,779,000 1 $ 285,000
Cumberland County Federal Credit Union
101 GRAY RD
FALMOUTH, ME 04105
* $ 288,165,000 1 $ 45,000
Go Mortgage, LLC

COLUMBUS, OH 43219
* $ -1,000 1 $ 265,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 104,052,030,000 1 $ 85,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ -1,000 1 $ 75,000
Saco Valley Credit Union
312 MAIN ST
SACO, ME 04072
* $ 128,364,000 1 $ 55,000
Dime Bank
290 SALEM TPKE
NORWICH, CT 06360
* $ 894,697,000 1 $ 95,000
Cport Credit Union
PO BOX 777
PORTLAND, ME 04103
* $ 246,436,000 1 $ 135,000
Lighthouse Federal Credit Union
100 BORTHWICK AVE
PORTSMOUTH, NH 03801
* $ 1,544,752,000 1 $ 185,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 1 $ 175,000
Intercontinental Capital Group, Inc
50 JERICHO QUADRANGLE, SUITE 210
JERICHO, NY 11753
* $ -1,000 1 $ 125,000
Quontic Bank
31-05 BROADWAY
ASTORIA, NY 11106
* $ 394,658,000 1 $ 115,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 2,488,033,000 1 $ 45,000
Bar Harbor Bank & Trust
82 MAIN STREET
BAR HARBOR, ME 04609
* $ 3,665,517,000 1 $ 125,000
Hanscom Federal Credit Union
1610 EGLIN ST
HANSCOM AFB, MA 01731
* $ 1,509,707,000 1 $ 195,000
Sprout Mortgage, LLC
1759 ST LUCIE W BLVD
PORT LUCIE, FL 34986
* $ -1,000 1 $ 155,000
Berkshire Bank

ALBANY, NY 12207
* $ 13,181,399,000 1 $ 75,000
Great Southern Bank
218 S GLENSTONE AVE
SPRINGFIELD, MO 65802
* $ 5,014,991,000 1 $ 275,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ 3,815,483,000 1 $ 35,000
Air Academy Federal Credit Union
9810 N UNION BLVD
COLORADO SPRINGS, CO 80924
* $ 639,296,000 1 $ 125,000
Low VA Rates, LLC
384 SOUTH 400 WEST, #100
LINDON, UT 84042
* $ -1,000 1 $ 105,000
Columbia State Bank
1301 A STREET
TACOMA, WA 98402
* $ 14,071,995,000 1 $ 45,000
Reverse Mortgage Funding LLC
1455 BROAD ST., 2ND FL
BLOOMFIELD, NJ 07003
* $ -1,000 1 $ 85,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 1 $ 25,000
Synovus Bank
PO BOX 120
COLUMBUS, GA 31902
* $ 48,103,435,000 1 $ 435,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,432,105,000 1 $ 55,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 1 $ 205,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ -1,000 1 $ 165,000
Together Credit Union
MICHAEL DOUGHERTY
423 LYNCH STREET, MO 63118
* $ 1,825,507,000 1 $ 235,000
St. Mary's Bank CU
48 PERIMETER RD
MANCHESTER, NH 03103
* $ 1,045,763,000 1 $ 55,000

The tables below break down 2021 mortgage applications in Aroostook County, ME by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Aroostook County, ME in 2021

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 1,223 $172,515,000 $141,000 $2,005,000 $76,000 $1,224,000
Refinancing 689 $88,005,000 $127,000 $505,000 $88,000 $525,000
Cash-out Refinancing 291 $40,385,000 $138,000 $475,000 $78,000 $505,000
Home Improvement 100 $5,550,000 $55,000 $225,000 $114,000 $3,070,000
Other Purpose 97 $8,015,000 $82,000 $405,000 $74,000 $320,000
Not Applicable 7 $635,000 $90,000 $155,000 $77,000 $77,000

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 1,965 $249,885,000 $127,000 $795,000 $81,000 $3,070,000
Not Provided 223 $31,335,000 $140,000 $405,000 $84,000 $1,224,000
Not applicable 124 $21,360,000 $172,000 $2,005,000 $83,000 $141,000
Hispanic 39 $5,745,000 $147,000 $295,000 $79,000 $291,000
Black or African American 22 $2,800,000 $127,000 $405,000 $75,000 $348,000
American Indian or Alaskan Native 21 $2,685,000 $127,000 $395,000 $69,000 $201,000
Asian 9 $915,000 $101,000 $125,000 $83,000 $315,000
Native Hawaiian or Other Pacific Islander 3 $275,000 $91,000 $115,000 $57,000 $63,000

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) 1,687 $212,525,000 $125,000 $2,005,000 $89,000 $3,070,000
VA-guaranteed (Veterans Administration) 332 $56,290,000 $169,000 $475,000 $68,000 $291,000
FHA-insured (Federal Housing Administration) 266 $33,170,000 $124,000 $365,000 $50,000 $315,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 122 $13,120,000 $107,000 $265,000 $45,000 $78,000

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 1,501 $198,725,000 $132,000 $2,005,000 $87,000 $3,070,000
Application Denied By Financial Institution 361 $41,605,000 $115,000 $505,000 $61,000 $745,000
Application Withdrawn By Applicant 279 $36,665,000 $131,000 $475,000 $77,000 $462,000
Loan Purchased By The Institution 100 $15,590,000 $155,000 $455,000 $79,000 $141,000
File Closed For Incompleteness 96 $12,960,000 $135,000 $335,000 $76,000 $287,000
Application Approved But Not Accepted 55 $7,855,000 $142,000 $795,000 $77,000 $233,000
Preapproval Approved but not Accepted 10 $1,430,000 $143,000 $405,000 $60,000 $150,000
Preapproval Denied by Financial Institution 5 $275,000 $55,000 $65,000 $30,000 $49,000

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 1,633 $225,875,000 $138,000 $2,005,000 $83,000 $575,000
Debt-To-Income Ratio 525 $61,035,000 $116,000 $745,000 $82,000 $3,070,000
Credit History 107 $10,545,000 $98,000 $305,000 $72,000 $745,000
Collateral 63 $7,945,000 $126,000 $365,000 $66,000 $291,000
Credit Application Incomplete 31 $4,265,000 $137,000 $295,000 $55,000 $205,000
Other 27 $2,755,000 $102,000 $235,000 $68,000 $230,000
Unverifiable Information 8 $940,000 $117,000 $305,000 $50,000 $96,000
Insufficient Cash (Downpayment, Closing Cost) 8 $1,160,000 $145,000 $255,000 $58,000 $121,000
Employment History 5 $585,000 $117,000 $155,000 $46,000 $62,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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