Aroostook County, ME Mortgage Lenders & HMDA Data, 2022

In 2022, lenders reported 2,357 mortgage applications in Aroostook County, ME totaling $305.4 million, down 2% from 2021. The average application was for $129,000, and applicants reported an average income of $81,000. 61% of applications resulted in an originated loan and 17% were denied. The most active lender was The County Federal Creditunion, with 376 applications, followed by Machias Savings Bank and Acadia Federal Credit Union.

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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 2,357
Total Mortgage Loan Application Amount $305,365,000
Average Mortgage Loan Application Amount $129,000
Highest Mortgage Loan Application Amount $1,515,000
Average Applicant Income $81,000
Highest Applicant Income $1,210,000

Mortgage Company List for Lending in Aroostook County, ME for 2022

* 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
The County Federal Creditunion
82 BENNETT DR
CARIBOU, ME 04736
* $ 430,143,000 376 $ 39,900,000
Machias Savings Bank
4 CENTER STREET
MACHIAS, ME 04654
* $ 2,365,991,000 314 $ 38,740,000
Acadia Federal Credit Union
9 E MAIN ST
FORT KENT, ME 04743
* $ 289,552,000 214 $ 22,840,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 183,977,708,000 155 $ 17,205,000
Katahdin Trust Company
11 MAIN STREET / PO BOX 450
PATTEN, ME 04765
* $ 939,872,000 138 $ 14,880,000
TD Bank

MOUNT LAUREL, NJ 08054
* $ 423,958,417,000 77 $ 8,175,000
Bangor Savings Bank
19 MAINE AVENUE
BANGOR, ME 04401
* $ 6,909,051,000 73 $ 8,935,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 67 $ 14,695,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 56 $ 9,060,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 42 $ 7,570,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 36 $ 6,160,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 153,432,983,000 35 $ 5,345,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 34 $ 5,030,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 32 $ 5,240,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 108,342,526,000 31 $ 2,135,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 30 $ 3,410,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 20 $ 3,100,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 19 $ 4,755,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 17 $ 2,935,000
University Credit Union
15 MAIN STREET
ORONO, ME 04473
* $ 424,608,000 16 $ 1,360,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 188,069,637,000 16 $ 1,470,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,779,504,000,000 14 $ 2,030,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 117,378,701,000 14 $ 2,210,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 14 $ 2,870,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 14 $ 1,680,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 3,306,982,000,000 14 $ 1,600,000
The Camden National Bank
2 ELM STREET
CAMDEN, ME 04843
* $ 5,481,237,000 13 $ 2,965,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 13 $ 1,865,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 13 $ 2,245,000
First National Bank
P.O. BOX 940
DAMARISCOTTA, ME 04543
* $ 2,496,194,000 12 $ 2,480,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 11 $ 1,545,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 10 $ 1,400,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 10 $ 2,270,000
Mortgage Network, Inc.
99 CONIFER HILL DR
DANVERS, MA 01923
* $ -1,000 9 $ 1,205,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 9 $ 1,425,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 9 $ 1,515,000
Farm Credit East Aca
240 SOUTH ROAD
ENFIELD, CT 06082
* $ -1,000 9 $ 2,055,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 9 $ 1,645,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,519,525,000,000 8 $ 890,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 7 $ 775,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 564,154,604,000 6 $ 550,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 6 $ 950,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 6 $ 980,000
Kennebec Savings Bank
150 STATE ST
AUGUSTA, ME 04332
* $ -1,000 6 $ 520,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 5 $ 45,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 5 $ 345,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 796,563,000 5 $ 985,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ -1,000 4 $ 510,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 547,610,000 4 $ 460,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 154,617,469,000 4 $ 520,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 4 $ 400,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 3,348,940,000 4 $ 500,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 4 $ 750,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ -1,000 4 $ 480,000
Skowhegan Savings Bank
13 ELM ST
SKOWHEGAN, ME 04976
* $ 780,419,000 4 $ 770,000
Maine Savings Federal Credit Union
PO BOX 347
HAMPDEN, ME 04444
* $ 565,027,000 4 $ 260,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 4 $ 560,000
St. Mary's Bank CU
48 PERIMETER RD
MANCHESTER, NH 03103
* $ 1,405,116,000 3 $ 375,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ -1,000 3 $ 395,000
Cport Credit Union
PO BOX 777
PORTLAND, ME 04103
* $ 411,442,000 3 $ 245,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 3 $ 805,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ 5,191,780,000 3 $ 865,000
Bar Harbor Bank & Trust
82 MAIN STREET
BAR HARBOR, ME 04609
* $ 3,706,587,000 3 $ 295,000
Flagstar Bank NA

TROY, MI 49098
* $ 16,855,693,000 3 $ 365,000
Northpoint Mortgage, Inc.
204 TURNPIKE ROAD
STURBRIDGE, MA 01566
* $ -1,000 3 $ 265,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ 9,886,658,000 3 $ 445,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 32,520,025,000 3 $ 745,000
Northern Mortgage Services, LLC
3714 28TH ST SW
GRANDVILLE, MI 49418
* $ -1,000 3 $ 525,000
Partners Bank of New England
900 MAIN ST
SANFORD, ME 04073
* $ 618,622,000 3 $ 395,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 3 $ 355,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 4,726,840,000 3 $ 495,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 3 $ 395,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 173,414,362,000 3 $ 895,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 2,177,145,000 3 $ 265,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ -1,000 3 $ 535,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 2 $ 130,000
Seaboard Federal Credit Union
PO BOX G, 177 MAIN STREET
BUCKSPORT, ME 04416
* $ 187,129,000 2 $ 310,000
Chicago Mortgage Solutions LLC
9525 W BRYN MAWR AVE
ROSEMONT, IL 60018
* $ -1,000 2 $ 370,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 2 $ 180,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 2 $ 270,000
Longbridge Financial, LLC
1 INTERNATIONAL BOULEVARD, SUITE 900
MAHWAH, NJ 07495
* $ -1,000 2 $ 80,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 551,902,526,000 2 $ 90,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ -1,000 2 $ 530,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 2 $ 270,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 2 $ 290,000
Lighthouse Federal Credit Union
100 BORTHWICK AVE
PORTSMOUTH, NH 03801
* $ 1,982,810,000 2 $ 280,000
Ally Bank

CHARLOTTE, NC 28202
* $ 172,820,000,000 2 $ 390,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 2 $ 70,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ -1,000 2 $ 150,000
Cuso Mortgage Corporation
101 WESTERN AVENUE
HAMPDEN, ME 04444
* $ -1,000 2 $ 110,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,810,411,000 2 $ 180,000
Maine Family Federal Credit Union
555 SABATTUS STREET
LEWISTON, ME 04240
* $ 241,548,000 2 $ 340,000
Bethpage Federal Credit Union
899 SOUTH OYSTER BAY ROAD
BETHPAGE, NY 11714
* $ 11,474,358,000 2 $ 90,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ -1,000 2 $ 320,000
Mission Loans, LLC

IRVINE, CA 92612
* $ -1,000 2 $ 400,000
Southwest Stage Funding LLC
2290 E YEAGER DR SUITE 250
CHANDLER, AZ 85286
* $ -1,000 2 $ 220,000
Town and Country Federal Credi
557 MAIN STREET P.O. BOX 9420
SOUTH PORTLAND, ME 04116
* $ 517,683,000 2 $ 100,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 2 $ 150,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 166,652,719,000 2 $ 230,000
Harborone Mortgage, LLC
1045 ELM ST SUITE 601
MANCHESTER, NH 03101
* $ -1,000 2 $ 740,000
Bank Rhode Island
ONE TURKS HEAD PLACE
PROVIDENCE, RI 02903
* $ 3,188,881,000 2 $ 520,000
BNC National Bank

BISMARCK, ND 58501
* $ 1,046,501,000 1 $ 205,000
Nexbank
2515 MCKINNEY AVENUE, SUITE 1100
DALLAS, TX 75201
* $ 10,822,403,000 1 $ 95,000
Gfa Federal Credit Union
PO BOX 468
GARDNER, MA 01440
* $ 672,704,000 1 $ 95,000
Wsfs Bank
500 DELAWARE AVENUE
WILMINGTON, DE 19801
* $ 15,742,039,000 1 $ 35,000
Operating Engineers Federal Credit Union
250 N CANYONS PARKWAY
LIVERMORE, CA 94551
* $ 1,438,290,000 1 $ 25,000
Katahdin FCU
1000 CENTRAL STREET
MILLINOCKET, ME 04462
* $ 95,164,000 1 $ 355,000
Dirigo Federal Credit Union
391 MAIN STREET
LEWISTON, ME 04243
* $ 354,552,000 1 $ 15,000
Integrity Mortgage LLC
2320 CONGRESS ST SUITE D
PORTLAND, ME 04102
* $ -1,000 1 $ 155,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ -1,000 1 $ 155,000
Truchoice FCU
332 CUMMINGS RD
SOUTH PORTLAND, ME 04106
* $ 193,830,000 1 $ 175,000
Northwest Federal Credit Union
220 SPRING STREET
HERNDON, VA 20170
* $ 4,351,512,000 1 $ 175,000
First Internet Bank of Indiana
11201 USA PARKWAY
FISHERS, IN 46038
* $ 4,206,869,000 1 $ 275,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ -1,000 1 $ 165,000
Acrisure Mortgage, LLC
189 S ORANGE AVE STE 970
ORLANDO, FL 32801
* $ -1,000 1 $ 335,000
Nqm Funding, LLC
E, 4800 N FEDERAL HWY #200
BOCA RATON, FL 33431
* $ -1,000 1 $ 145,000
Mid-Continent Funding, Inc.
3401 W BROADWAY BUSINESS PARK CT STE 213
COLUMBIA, MO 65203
* $ -1,000 1 $ 185,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 1 $ 45,000
Homexpress Mortgage Corp.
1936 E DEERE AVE SUITE 200
SANTA ANA, CA 92705
* $ -1,000 1 $ 135,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 1 $ 85,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ -1,000 1 $ 515,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 1,041,605,000 1 $ 125,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 1 $ 105,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ -1,000 1 $ 105,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 32,127,026,000 1 $ 105,000
Semper Home Loans, Inc
225 DUPONT DRIVE
PROVIDENCE, RI 02907
* $ -1,000 1 $ 95,000
Gorham Savings Bank
10 WENTWORTH DRIVE
GORHAM, ME 04038
* $ 1,540,223,000 1 $ 25,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ -1,000 1 $ 65,000
Total Mortgage Services, LLC
185 PLAINS ROAD
MILFORD, CT 06461
* $ -1,000 1 $ 95,000
Peoples Bank
PO BOX 7
MENDENHALL, MS 39114
* $ 431,628,000 1 $ 295,000
Quontic Bank
31-05 BROADWAY
ASTORIA, NY 11106
* $ 916,091,000 1 $ 125,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ -1,000 1 $ 265,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 456,669,000 1 $ 235,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 1 $ 145,000
Norway Savings Bank
261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268
* $ 1,757,254,000 1 $ 195,000
Atlantic Federal Credit Union
PO BOX 188
BRUNSWICK, ME 04011
* $ 987,778,000 1 $ 35,000
Gate City Bank
500 2ND AVE N
FARGO, ND 58102
* $ 3,168,170,000 1 $ 195,000
Great Southern Bank
218 S GLENSTONE AVE
SPRINGFIELD, MO 65802
* $ 5,455,015,000 1 $ 155,000
Calcon Mutual Mortgage LLC
3131 CAMINO DEL RIO N SUITE 1680
SAN DIEGO, CA 92108
* $ -1,000 1 $ 215,000
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ -1,000 1 $ 85,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 1 $ 245,000
Logix Federal Credit Union
2340 HOLLYWOOD WAY
VALENCIA, CA 91355
* $ 8,819,497,000 1 $ 25,000
Tammac Holdings Corporation
480 SWEDESFORD ROAD SUITE 200
WAYNE, PA 19087
* $ -1,000 1 $ 85,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ -1,000 1 $ 165,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 339,245,000 1 $ 185,000
Hanscom Federal Credit Union
1610 EGLIN ST
HANSCOM AFB, MA 01731
* $ 1,804,018,000 1 $ 115,000

The tables below break down 2022 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 2022

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 1,209 $186,195,000 $154,000 $915,000 $82,000 $1,200,000
Cash-out Refinancing 468 $57,280,000 $122,000 $565,000 $75,000 $707,000
Refinancing 321 $36,075,000 $112,000 $1,515,000 $74,000 $323,000
Home Improvement 192 $12,950,000 $67,000 $455,000 $90,000 $1,210,000
Other Purpose 162 $12,450,000 $76,000 $505,000 $89,000 $942,000
Not Applicable 5 $415,000 $83,000 $105,000 $0 $0

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 1,920 $241,520,000 $125,000 $1,515,000 $82,000 $1,210,000
Not Provided 243 $33,545,000 $138,000 $915,000 $77,000 $467,000
Not applicable 107 $18,505,000 $172,000 $915,000 $62,000 $83,000
American Indian or Alaskan Native 27 $3,215,000 $119,000 $375,000 $68,000 $159,000
Hispanic 25 $3,475,000 $139,000 $295,000 $74,000 $146,000
Black or African American 20 $2,700,000 $135,000 $265,000 $57,000 $129,000
Asian 7 $1,495,000 $213,000 $545,000 $125,000 $301,000
Native Hawaiian or Other Pacific Islander 5 $625,000 $125,000 $135,000 $50,000 $79,000

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) 1,777 $211,365,000 $118,000 $1,515,000 $87,000 $1,210,000
VA-guaranteed (Veterans Administration) 252 $50,530,000 $200,000 $915,000 $73,000 $301,000
FHA-insured (Federal Housing Administration) 210 $28,330,000 $134,000 $405,000 $54,000 $225,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 118 $15,140,000 $128,000 $285,000 $51,000 $90,000

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 1,428 $184,220,000 $129,000 $1,515,000 $87,000 $1,210,000
Application Denied By Financial Institution 401 $44,905,000 $111,000 $485,000 $58,000 $256,000
Application Withdrawn By Applicant 267 $38,995,000 $146,000 $915,000 $87,000 $1,200,000
File Closed For Incompleteness 80 $10,760,000 $134,000 $455,000 $82,000 $323,000
Loan Purchased By The Institution 66 $12,210,000 $185,000 $915,000 $58,000 $100,000
Application Approved But Not Accepted 56 $6,530,000 $116,000 $275,000 $74,000 $271,000
Preapproval Approved but not Accepted 30 $4,950,000 $165,000 $515,000 $79,000 $348,000
Preapproval Denied by Financial Institution 29 $2,795,000 $96,000 $235,000 $54,000 $130,000

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 1,305 $189,235,000 $145,000 $915,000 $85,000 $1,210,000
Debt-To-Income Ratio 820 $89,640,000 $109,000 $1,515,000 $79,000 $707,000
Credit History 88 $8,570,000 $97,000 $405,000 $66,000 $252,000
Collateral 64 $7,990,000 $124,000 $485,000 $68,000 $196,000
Other 25 $2,515,000 $100,000 $265,000 $79,000 $256,000
Credit Application Incomplete 21 $2,585,000 $123,000 $295,000 $54,000 $120,000
Unverifiable Information 14 $2,110,000 $150,000 $275,000 $61,000 $170,000
Insufficient Cash (Downpayment, Closing Cost) 14 $1,720,000 $122,000 $195,000 $54,000 $100,000
Employment History 6 $1,000,000 $166,000 $355,000 $59,000 $159,000
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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