Boone County, IA Mortgage Lenders & HMDA Data, 2022

In 2022, lenders reported 1,290 mortgage applications in Boone County, IA totaling $214.7 million, down 34% from 2021. The average application was for $166,000, and applicants reported an average income of $88,000. 60% of applications resulted in an originated loan and 12% were denied. The most active lender was Iowa Bankers Mortgage Corporation, with 99 applications, followed by Greenstate Credit Union and US Bank, N.A..

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

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 1,290
Total Mortgage Loan Application Amount $214,680,000
Average Mortgage Loan Application Amount $166,000
Highest Mortgage Loan Application Amount $5,205,000
Average Applicant Income $88,000
Highest Applicant Income $790,000

Mortgage Company List for Lending in Boone County, IA 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
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 99 $ 16,655,000
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ 9,011,033,000 77 $ 9,735,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 564,154,604,000 64 $ 9,620,000
Inlanta Mortgage, Inc.
W239 N3490 PEWAUKEE ROAD, STE.200
PEWAUKEE, WI 53072
* $ -1,000 48 $ 8,120,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 5,860,350,000 42 $ 5,230,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 39 $ 6,835,000
Greater Iowa Credit Union
801 LINCOLN WAY
AMES, IA 50010
* $ 658,020,000 39 $ 3,945,000
Community Choice Credit Union
1351 NW 114TH ST, P.O. BOX 71247
JOHNSTON, IA 50131
* $ 742,416,000 37 $ 2,655,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,779,504,000,000 34 $ 6,250,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 27 $ 1,015,000
Bank of the West
180 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
* $ 104,790,698,000 26 $ 2,250,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 25 $ 3,665,000
Visionbank of Iowa
104 CHESTNUT ST
AMES, IA 50010
* $ 600,366,000 25 $ 4,105,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ -1,000 21 $ 3,275,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 21 $ 3,795,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 17 $ 3,555,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 16 $ 3,200,000
Home State Bank
115 W STATE ST
JEFFERSON, IA 50129
* $ 337,308,000 16 $ 2,610,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ -1,000 16 $ 2,420,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 16 $ 2,860,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 16 $ 2,710,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 15 $ 2,075,000
Lincoln Savings Bank
301 WASHINGTON ST
REINBECK, IA 50669
* $ 1,479,040,000 15 $ 2,295,000
City State Bank
801 MAIN STREET
NORWALK, IA 50211
* $ 636,179,000 14 $ 2,220,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,810,411,000 14 $ 2,180,000
Members1st Community Credit Union
910 S 12TH AVE,PO BOX 777
MARSHALLTOWN, IA 50158
* $ 239,860,000 14 $ 1,900,000
Peoples Bank
12701 UNIVERSITY AVE
CLIVE, IA 50325
* $ 415,716,000 13 $ 1,655,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 528,514,000,000 13 $ 3,575,000
Gershman Investment Corp.
16253 SWINGLEY RIDGE ROAD, SUITE 400
CHESTERFIELD, MO 63017
* $ -1,000 12 $ 2,390,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 12 $ 1,420,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 12 $ 1,880,000
Bankers Trust Company
453 7TH ST.
DES MOINES, IA 50309
* $ 6,001,858,000 11 $ 1,515,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 11 $ 1,985,000
Northwest Bank
705 GRAND AVE.
SPENCER, IA 51301
* $ 2,278,779,000 11 $ 2,455,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 11 $ 1,745,000
Collins Community Credit Union
1150 42ND STREET NE
CEDAR RAPIDS, IA 52402
* $ 1,442,452,000 10 $ 3,020,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 10 $ 1,600,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 10 $ 1,710,000
United Bank of Iowa
501 SECOND STREET
IDA GROVE, IA 51445
* $ 2,102,938,000 10 $ 3,460,000
First Interstate Bank
PO BOX 30918
BILLINGS, MT 59101
* $ 19,608,230,000 10 $ 910,000
Luana Savings Bank
100 HARVEST DRIVE
LUANA, IA 52156
* $ 1,965,700,000 9 $ 1,275,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 9 $ 1,705,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 8 $ 1,350,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 3,348,940,000 8 $ 2,510,000
Flagstar Bank NA

TROY, MI 49098
* $ 16,855,693,000 8 $ 1,470,000
Availa Bank
126 W 6TH ST
CARROLL, IA 51401
* $ 1,464,817,000 8 $ 1,600,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ -1,000 7 $ 1,235,000
Homeservices Lending LLC
2900 100TH STREET SUITE 109
URBANDALE, IA 50322
* $ -1,000 7 $ 1,315,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 1,046,374,000 7 $ 685,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ -1,000 7 $ 1,005,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 6 $ 850,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 6 $ 190,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 3,306,982,000,000 6 $ 1,130,000
River Valley Credit Union
2811 E 13TH STREET
AMES, IA 50010
* $ 87,203,000 6 $ 1,110,000
Capitol Federal Savings Bank
700 S KANSAS AVE
TOPEKA, KS 66603
* $ 9,624,571,000 6 $ 1,320,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 188,069,637,000 6 $ 1,020,000
First National Bank Ames Iowa
405 5TH ST
AMES, IA 50010
* $ 1,114,689,000 6 $ 1,070,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 5 $ 1,445,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 5 $ 725,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 5 $ 935,000
Midwest Heritage Bank FSB
3580 EP TRUE PKWY, STE 100
WEST DES MOINES, IA 50265
* $ 354,210,000 5 $ 305,000
Fidelity Bank
177 S JORDAN CREEK PKWY
WEST DES MOINES, IA 50266
* $ 76,273,000 5 $ 895,000
Farm Credit Mid-America, Aca
1601 UPS DRIVE
LOUISVILLE, KY 40299
* $ -1,000 5 $ 1,825,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 5 $ 705,000
Dupaco Community Credit Union
PO BOX 179
DUBUQUE, IA 52004
* $ 2,697,669,000 5 $ 465,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 4 $ 760,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 4 $ 450,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 4 $ 790,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 32,127,026,000 4 $ 480,000
Farmers State Bank
131 TOWER PARK DRIVE SUITE 100
WATERLOO, IA 50701
* $ 1,371,634,000 4 $ 630,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 153,432,983,000 4 $ 560,000
Bank Iowa
1150 JORDAN CREEK PARKWAY
WEST DES MOINES, IA 50266
* $ 1,758,051,000 4 $ 1,020,000
Ixonia Bank
W1046 MARIETTA AVE
IXONIA, WI 53036
* $ 589,632,000 3 $ 395,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 117,378,701,000 3 $ 885,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,519,525,000,000 3 $ 105,000
The Central Trust Bank
238 MADISON ST.
JEFFERSON CITY, MO 65101
* $ 20,248,406,000 3 $ 695,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 3 $ 205,000
Central Bank
600 LAKE AVENUE
STORM LAKE, IA 50588
* $ 1,731,908,000 3 $ 685,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 3 $ 225,000
Axos Bank
4350 LA JOLLA VILLAGE DR SUITE 140
SAN DIEGO, CA 92122
* $ 14,047,081,000 2 $ 590,000
Wnb Financial
204 MAIN ST
WINONA, MN 55987
* $ 580,393,000 2 $ 210,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 796,563,000 2 $ 370,000
Premier Credit Union
800 9TH ST
DES MOINES, IA 50309
* $ 269,767,000 2 $ 460,000
Finance of America Mortgage LLC
300 WELSH ROAD BUILDING 5
WILMINGTON, DE 19044
* $ -1,000 2 $ 290,000
Sovereign Lending Group Inc.

NEWPORT BEACH, CA 92660
* $ -1,000 2 $ 350,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 551,902,526,000 2 $ 310,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ -1,000 2 $ 70,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ -1,000 2 $ 360,000
Hometown Equity Mortgage, LLC
25531 COMMERCENTRE DRIVE SUITE 250
LAKE FOREST, CA 92630
* $ -1,000 2 $ 120,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ -1,000 2 $ 480,000
Chickasaw Community Bank
909 S MERIDIAN AVE
OKLAHOMA CITY, OK 73142
* $ 349,214,000 2 $ 260,000
Fifth Third Bank, National Association
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ 209,696,785,000 2 $ 230,000
Frontier Financial, Inc. dba Frontier Mortgage
16647 CHESTERFIELD GROVE ROAD, SUITE 100
CHESTERFIELD, MO 63005
* $ -1,000 2 $ 460,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 2 $ 490,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 1 $ 115,000
Midwest Community Bank
510 PARK CREST DR
FREEPORT, IL 61032
* $ 331,935,000 1 $ 145,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ -1,000 1 $ 115,000
Cambria Financial Group
11000 W 78TH STREET, SUITE 300
EDEN PRAIRIE, MN 55344
* $ -1,000 1 $ 345,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 1 $ 125,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ -1,000 1 $ 65,000
Gnb Bank
529 G AVENUE
GRUNDY CENTER, IA 50638
* $ 622,624,000 1 $ 255,000
Great Western Bank
225 S MAIN AVE
SIOUX FALLS, SD 57104
* $ 13,339,325,000 1 $ 225,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 1,046,473,000 1 $ 165,000
Bankiowa
7045 C AVE NE
CEDAR RAPIDS, IA 52402
* $ 804,652,000 1 $ 5,205,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 1 $ 295,000
Simmons Bank
501 MAIN
PINE BLUFF, AR 71601
* $ 24,685,744,000 1 $ 285,000
Stifel Bank & Trust
501 NORTH BROADWAY
ST. LOUIS, MO 63102
* $ 18,959,414,000 1 $ 135,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 1 $ 165,000
Financial Plus Credit Union
1831 25TH STREET
WEST DES MOINES, IA 50266
* $ 218,423,000 1 $ 235,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ 3,655,190,000 1 $ 95,000
Midstates Bank NA
1851 MADISON AVE., STE. 732
COUNCIL BLUFFS, IA 51503
* $ 650,335,000 1 $ 105,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 1 $ 185,000
Bankers' Bank
7700 MINERAL POINT ROAD
MADISON, WI 53717
* $ 1,432,330,000 1 $ 175,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 1 $ 295,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 1 $ 125,000
First Savings Bank
501 E. LEWIS & CLARK PARKWAY
JEFFERSONVILLE, IN 47130
* $ 1,758,936,000 1 $ 485,000
West Gate Bank
6003 OLD CHENEY ROAD
LINCOLN, NE 68516
* $ 1,000,660,000 1 $ 275,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 1 $ 95,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 1 $ 135,000
Lima One Capital, LLC
201 E. MCBEE AVE, SUITE 300
GREENVILLE, SC 29601
* $ -1,000 1 $ 75,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 1 $ 75,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 1 $ 275,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 456,669,000 1 $ 225,000
Ally Bank

CHARLOTTE, NC 28202
* $ 172,820,000,000 1 $ 175,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 215,000
American Bank & Trust
120 E MAIN STREET
SIOUX FALLS, SD 57108
* $ 1,319,953,000 1 $ 225,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 1 $ 215,000
Fortress Bank
9000 N. KNOXVILLE AVENUE
PEORIA, IL 61615
* $ 555,533,000 1 $ 95,000
Farmers State Bank
1240 8TH AVE
MARION, IA 52302
* $ 1,079,068,000 1 $ 4,625,000
Andrews Federal Credit Union
5711 ALLENTOWN ROAD
SUITLAND, MD 20746
* $ 2,287,872,000 1 $ 245,000
Journey Credit Union
1400 2ND AVE
DES MOINES, IA 50314
* $ 79,366,000 1 $ 65,000
Sunflower Bank, N.A.
3025 CORTLAND CIRCLE - PO BOX 800
DALLAS, TX 75225
* $ 5,652,968,000 1 $ 165,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 1,041,605,000 1 $ 405,000
Chicago Mortgage Solutions LLC
9525 W BRYN MAWR AVE
ROSEMONT, IL 60018
* $ -1,000 1 $ 215,000
The Family Credit Union
1530 W 53RD STREET
DAVENPORT, IA 52806
* $ 221,986,000 1 $ 275,000
Compass Mortgage, Inc.
27755 DIEHL ROAD, STE 100
WARRENVILLE, IL 60555
* $ -1,000 1 $ 195,000
Amerifirst Financial, Inc.
1550 E. MCKELLIPS RD, SUITE 117
MESA, AZ 85203
* $ -1,000 1 $ 145,000
Great Southern Bank
218 S GLENSTONE AVE
SPRINGFIELD, MO 65802
* $ 5,455,015,000 1 $ 435,000
Midwestone Bank
102 SOUTH CLINTON STREET
IOWA CITY, IA 52240
* $ 6,023,480,000 1 $ 715,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 1 $ 245,000
Nationwide Mortgage Bankers, Inc.

MELVILLE, NY 11747
* $ -1,000 1 $ 275,000
Fay Servicing LLC

TAMPA, FL 33609
* $ -1,000 1 $ 125,000
Federation Bank
102 E MAIN ST
WASHINGTON, IA 52353
* $ 176,375,000 1 $ 355,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ -1,000 1 $ 85,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 4,726,840,000 1 $ 145,000
Princeton Mortgage Corporation
2482 PENNINGTON ROAD SUITE 1
EWING, NJ 08628
* $ -1,000 1 $ 195,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 154,617,469,000 1 $ 145,000

The tables below break down 2022 mortgage applications in Boone County, IA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Boone County, IA 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 653 $131,325,000 $201,000 $5,205,000 $87,000 $464,000
Cash-out Refinancing 249 $38,165,000 $153,000 $705,000 $79,000 $292,000
Refinancing 206 $32,330,000 $156,000 $665,000 $91,000 $653,000
Home Improvement 92 $5,430,000 $59,000 $435,000 $99,000 $416,000
Other Purpose 83 $6,885,000 $82,000 $465,000 $112,000 $790,000
Not Applicable 7 $545,000 $77,000 $175,000 $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 968 $147,440,000 $152,000 $955,000 $89,000 $790,000
Not Provided 159 $27,085,000 $170,000 $675,000 $87,000 $474,000
Not applicable 127 $34,565,000 $272,000 $5,205,000 $94,000 $215,000
Hispanic 23 $3,275,000 $142,000 $365,000 $69,000 $347,000
Black or African American 6 $720,000 $120,000 $255,000 $61,000 $100,000
American Indian or Alaskan Native 5 $1,345,000 $269,000 $385,000 $100,000 $133,000
Asian 1 $165,000 $165,000 $165,000 $67,000 $67,000
Native Hawaiian or Other Pacific Islander 1 $85,000 $85,000 $85,000 $25,000 $25,000

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) 944 $154,300,000 $163,000 $5,205,000 $95,000 $790,000
FHA-insured (Federal Housing Administration) 187 $29,185,000 $156,000 $375,000 $62,000 $145,000
VA-guaranteed (Veterans Administration) 106 $22,530,000 $212,000 $695,000 $80,000 $240,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 53 $8,665,000 $163,000 $345,000 $60,000 $103,000

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 776 $133,750,000 $172,000 $4,625,000 $93,000 $653,000
Application Withdrawn By Applicant 169 $26,985,000 $159,000 $635,000 $89,000 $580,000
Application Denied By Financial Institution 161 $17,755,000 $110,000 $405,000 $61,000 $158,000
Loan Purchased By The Institution 114 $20,770,000 $182,000 $695,000 $90,000 $255,000
File Closed For Incompleteness 49 $6,775,000 $138,000 $365,000 $79,000 $240,000
Application Approved But Not Accepted 19 $8,035,000 $422,000 $5,205,000 $129,000 $790,000
Preapproval Approved but not Accepted 2 $610,000 $305,000 $315,000 $238,000 $390,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

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 1,083 $184,485,000 $170,000 $5,205,000 $91,000 $790,000
Debt-To-Income Ratio 87 $17,185,000 $197,000 $4,625,000 $98,000 $464,000
Credit History 49 $3,815,000 $77,000 $375,000 $59,000 $155,000
Collateral 30 $3,460,000 $115,000 $405,000 $59,000 $158,000
Credit Application Incomplete 12 $2,140,000 $178,000 $375,000 $82,000 $155,000
Unverifiable Information 12 $1,650,000 $137,000 $265,000 $54,000 $112,000
Other 10 $1,280,000 $128,000 $335,000 $57,000 $77,000
Employment History 4 $250,000 $62,000 $125,000 $51,000 $104,000
Insufficient Cash (Downpayment, Closing Cost) 3 $415,000 $138,000 $215,000 $59,000 $75,000
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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