Connecticut
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 146,885
Total Mortgage Loan Application Amount $40,604,765,000
Average Mortgage Loan Application Amount $276,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $119,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Connecticut in 2016

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
Refinancing 75,500 $21,841,843,000 $289,000 $99,999,000 $123,000 $9,999,000
Home Purchase 61,979 $17,388,033,000 $280,000 $57,886,000 $112,000 $9,999,000
Home Improvement 9,406 $1,374,889,000 $146,000 $23,929,000 $123,000 $6,439,000

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 94,233 $25,975,898,000 $275,000 $99,999,000 $134,000 $9,999,000
Not Provided 15,446 $4,638,078,000 $300,000 $15,000,000 $149,000 $9,999,000
Not applicable 13,021 $4,771,980,000 $366,000 $65,000,000 $23,000 $1,589,000
Hispanic 10,021 $2,003,276,000 $199,000 $3,550,000 $79,000 $4,750,000
Black or African American 7,987 $1,440,931,000 $180,000 $2,000,000 $71,000 $3,292,000
Asian 5,375 $1,614,271,000 $300,000 $5,513,000 $142,000 $7,733,000
American Indian or Alaskan Native 511 $94,705,000 $185,000 $2,775,000 $92,000 $2,481,000
Native Hawaiin or Other Pacific Islander 291 $65,626,000 $225,000 $1,250,000 $106,000 $2,138,000

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) 107,648 $32,155,225,000 $298,000 $99,999,000 $143,000 $9,999,000
FHA-insured (Federal Housing Administration) 29,946 $6,139,462,000 $205,000 $37,165,000 $50,000 $3,624,000
VA-guaranteed (Veterans Administration) 8,144 $2,101,039,000 $257,000 $1,934,000 $66,000 $1,509,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,147 $209,039,000 $182,000 $704,000 $46,000 $253,000

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 75,239 $22,859,637,000 $303,000 $65,000,000 $138,000 $9,999,000
Application Denied By Financial Institution 26,894 $6,100,183,000 $226,000 $7,185,000 $102,000 $8,227,000
Loan Purchased By The Institution 17,603 $4,190,888,000 $238,000 $2,844,000 $53,000 $5,520,000
Application Withdrawn By Applicant 16,219 $4,538,713,000 $279,000 $99,999,000 $127,000 $9,999,000
File Closed For Incompleteness 6,747 $1,828,956,000 $271,000 $25,000,000 $126,000 $9,999,000
Application Approved But Not Accepted 4,182 $1,086,074,000 $259,000 $13,920,000 $122,000 $9,033,000
Preapproval Denied by Financial Institution 1 $314,000 $314,000 $314,000 $159,000 $159,000
Preapproval Approved but not Accepted 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
Debt-To-Income Ratio 4,042 $989,481,000 $244,000 $6,000,000 $81,000 $1,752,000
Collateral 3,546 $938,369,000 $264,000 $7,185,000 $135,000 $3,842,000
Credit History 3,208 $477,328,000 $148,000 $3,000,000 $93,000 $3,990,000
Credit Application Incomplete 1,820 $478,850,000 $263,000 $3,500,000 $126,000 $3,362,000
Other 1,431 $342,647,000 $239,000 $4,000,000 $130,000 $7,500,000
Insufficient Cash (Downpayment, Closing Cost) 429 $133,060,000 $310,000 $4,406,000 $119,000 $3,624,000
Unverifiable Information 388 $98,462,000 $253,000 $3,000,000 $146,000 $8,227,000
Employment History 226 $48,505,000 $214,000 $2,000,000 $74,000 $840,000
Mortgage Insurance Denied 11 $2,666,000 $242,000 $474,000 $104,000 $232,000
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Mortgage Loan Application Totals in 2016 by Connecticut 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
BRIDGEPORT-STAMFORD-NORWALK, CT 39,551 $ 18,254,067,000 $ 461,000 $ 189,000
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 50,550 $ 10,408,317,000 $ 205,000 $ 92,000
NEW HAVEN-MILFORD, CT 31,498 $ 6,759,476,000 $ 214,000 $ 92,000
NORWICH-NEW LONDON, CT 11,742 $ 2,317,787,000 $ 197,000 $ 92,000
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Mortgage Loan Application Totals in 2016 by Connecticut County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Fairfield 39,552 $ 18,254,147,000 $ 461,000 $ 189,000
Hartford 36,433 $ 7,335,507,000 $ 201,000 $ 91,000
Litchfield 7,902 $ 1,814,702,000 $ 229,000 $ 115,000
Middlesex 8,064 $ 1,873,735,000 $ 232,000 $ 101,000
New Haven 31,501 $ 6,759,765,000 $ 214,000 $ 92,000
New London 11,750 $ 2,318,989,000 $ 197,000 $ 92,000
Tolland 6,059 $ 1,200,257,000 $ 198,000 $ 92,000
Windham 5,542 $ 921,617,000 $ 166,000 $ 69,000
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