District Of Columbia
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 38,399
Total Mortgage Loan Application Amount $17,881,946,000
Average Mortgage Loan Application Amount $465,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $148,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for District Of Columbia 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 20,958 $9,169,702,000 $437,000 $99,999,000 $145,000 $9,999,000
Home Purchase 14,501 $7,968,775,000 $549,000 $95,000,000 $160,000 $9,999,000
Home Improvement 2,940 $743,469,000 $252,000 $36,000,000 $113,000 $2,630,000

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 13,817 $6,928,406,000 $501,000 $6,000,000 $206,000 $9,999,000
Black or African American 8,875 $2,456,932,000 $276,000 $2,488,000 $96,000 $2,457,000
Not Provided 7,184 $3,089,969,000 $430,000 $10,001,000 $172,000 $5,197,000
Not applicable 5,119 $4,065,914,000 $794,000 $99,999,000 $47,000 $3,390,000
Hispanic 1,758 $639,323,000 $363,000 $4,576,000 $132,000 $3,477,000
Asian 1,449 $633,418,000 $437,000 $3,525,000 $180,000 $9,999,000
American Indian or Alaskan Native 140 $46,074,000 $329,000 $1,600,000 $116,000 $983,000
Native Hawaiin or Other Pacific Islander 57 $21,910,000 $384,000 $1,354,000 $111,000 $645,000

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) 33,085 $15,653,529,000 $473,000 $99,999,000 $162,000 $9,999,000
FHA-insured (Federal Housing Administration) 3,424 $1,281,654,000 $374,000 $63,779,000 $59,000 $1,200,000
VA-guaranteed (Veterans Administration) 1,890 $946,763,000 $500,000 $2,106,000 $71,000 $984,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 19,324 $10,177,233,000 $526,000 $99,999,000 $176,000 $9,999,000
Loan Purchased By The Institution 6,544 $3,011,773,000 $460,000 $94,400,000 $85,000 $3,390,000
Application Denied By Financial Institution 6,025 $1,947,373,000 $323,000 $45,050,000 $116,000 $9,999,000
Application Withdrawn By Applicant 4,431 $1,926,044,000 $434,000 $30,150,000 $165,000 $9,000,000
File Closed For Incompleteness 1,403 $531,801,000 $379,000 $5,000,000 $153,000 $5,400,000
Application Approved But Not Accepted 670 $287,015,000 $428,000 $26,000,000 $151,000 $4,460,000
Preapproval Denied by Financial Institution 2 $707,000 $353,000 $417,000 $163,000 $261,000
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
Credit History 1,014 $189,170,000 $186,000 $10,001,000 $94,000 $9,999,000
Debt-To-Income Ratio 981 $334,931,000 $341,000 $5,000,000 $90,000 $570,000
Collateral 630 $297,241,000 $471,000 $45,050,000 $164,000 $2,523,000
Credit Application Incomplete 555 $199,714,000 $359,000 $1,700,000 $157,000 $2,347,000
Other 445 $143,772,000 $323,000 $2,000,000 $138,000 $2,037,000
Unverifiable Information 205 $47,914,000 $233,000 $2,000,000 $105,000 $662,000
Insufficient Cash (Downpayment, Closing Cost) 102 $51,281,000 $502,000 $6,000,000 $127,000 $541,000
Employment History 37 $13,222,000 $357,000 $750,000 $99,000 $368,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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Mortgage Loan Application Totals in 2016 by District Of Columbia 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
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 38,309 $ 17,840,093,000 $ 465,000 $ 148,000
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Mortgage Loan Application Totals in 2016 by District Of Columbia County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
District of Columbia 38,314 $ 17,842,474,000 $ 465,000 $ 148,000
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