Dubuque, IA Metro Area Mortgage Lenders & HMDA Data, 2025

In 2025, lenders reported 3,944 mortgage applications in Dubuque, IA metro area totaling $717.1 million, up 10% from 2024. The average application was for $181,817, and applicants reported an average income of $117,000. 68% of applications resulted in an originated loan and 12% were denied. The most active lender was Dupaco Community Credit Union, with 1,164 applications, followed by Midwestone Bank and Greenstate Credit Union.

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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 3,944
Total Mortgage Loan Application Amount $717,090,000
Average Mortgage Loan Application Amount $181,817
Highest Mortgage Loan Application Amount $9,775,000
Average Applicant Income $117,000
Highest Applicant Income $2,400,000

Mortgage Company List for Lending in Dubuque, IA for 2025

* 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
Dupaco Community Credit Union
PO BOX 179
DUBUQUE, IA 52004
* $ n/a 1,164 $ 152,200,000
Midwestone Bank
102 SOUTH CLINTON STREET
IOWA CITY, IA 52240
* $ n/a 468 $ 91,610,000
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ n/a 466 $ 82,730,000
Fidelity Bank & Trust
4250 ASBURY ROAD
DUBUQUE, IA 52002
* $ n/a 251 $ 65,015,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ n/a 144 $ 35,310,000
Dutrac Community Credit Union
P O BOX 3250
DUBUQUE, IA 52004
* $ n/a 100 $ 20,160,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ n/a 91 $ 4,415,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ n/a 86 $ 15,580,000
Collins Community Credit Union
1150 42ND STREET NE
CEDAR RAPIDS, IA 52402
* $ n/a 71 $ 8,455,000
UMB Bank NA
1010 GRAND BLVD
KANSAS CITY, MO 64106
* $ n/a 69 $ 11,385,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ n/a 58 $ 9,310,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ n/a 47 $ 11,615,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ n/a 44 $ 11,490,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ n/a 40 $ 7,640,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ n/a 40 $ 11,150,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ n/a 38 $ 9,900,000
Premier Bank
2625 NW ARTERIAL
DUBUQUE, IA 52002
* $ n/a 38 $ 11,490,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ n/a 36 $ 7,790,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ n/a 29 $ 6,725,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ n/a 29 $ 5,825,000
Community Savings Bank
PO BOX 77
EDGEWOOD, IA 52402
* $ n/a 26 $ 4,240,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ n/a 25 $ 5,495,000
Aim Credit Union
1200 ASSOCIATES DR STE 102
DUBUQUE, IA 52002
* $ n/a 22 $ 2,590,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ n/a 22 $ 5,410,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ n/a 20 $ 1,430,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ n/a 20 $ 4,150,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ n/a 17 $ 2,045,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ n/a 16 $ 800,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ n/a 16 $ 630,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ n/a 16 $ 2,480,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ n/a 15 $ 4,285,000
Residential Mortgage Network, Inc.
2461 10TH STREET SUITE 308
IOWA CITY, IA 52245
* $ n/a 15 $ 2,985,000
Zippy Loans, LLC
2807 ALLEN ST
DALLAS, TX 75204
* $ n/a 15 $ 675,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ n/a 14 $ 1,480,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ n/a 13 $ 3,205,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ n/a 11 $ 2,555,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ n/a 9 $ 1,745,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ n/a 9 $ 2,315,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ n/a 9 $ 1,975,000
Ruhl Mortgage LLC
1701 52ND AVENUE
MOLINE, IL 61265
* $ n/a 9 $ 1,935,000
Mound City Bank
25 E PINE STREET
PLATTEVILLE, WI 53818
* $ n/a 8 $ 5,710,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ n/a 8 $ 1,080,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ n/a 8 $ 500,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ n/a 7 $ 1,335,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ n/a 7 $ 1,795,000
Canopy Mortgage, LLC
360 TECHNOLOGY COURT STE. 200
LINDON, UT 84003
* $ n/a 7 $ 1,435,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ n/a 6 $ 920,000
Gateway First Bank
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ n/a 6 $ 1,220,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ n/a 5 $ 2,075,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ n/a 5 $ 745,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ n/a 5 $ 1,035,000
Ohnward Bank and Trust
332 1ST AVE W
CASCADE, IA 52033
* $ n/a 5 $ 1,265,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ n/a 5 $ 1,375,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ n/a 5 $ 755,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ n/a 4 $ 490,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ n/a 4 $ 540,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ n/a 4 $ 330,000
Kerndt Brothers Savings Bank
370 MAIN ST PO BOX 370
LANSING, IA 52151
* $ n/a 4 $ 3,810,000
Farmers & Merchants Savings Bank
PO BOX 588 101 E MAIN ST
MANCHESTER, IA 52057
* $ n/a 4 $ 860,000
Firstbank
1221 BROADWAY SUITE 1300
NASHVILLE, TN 37203
* $ n/a 3 $ 165,000
Ascentra Credit Union
PO BOX 1107
BETTENDORF, IA 52722
* $ n/a 3 $ 495,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ n/a 3 $ 515,000
Texana Bank
124 E RUSH ST
LINDEN, TX 75563
* $ n/a 3 $ 755,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ n/a 3 $ 575,000
Central State Bank
805 22ND AVE
CORALVILLE, IA 52241
* $ n/a 3 $ 14,075,000
Farmers State Bank
131 TOWER PARK DRIVE SUITE 100
WATERLOO, IA 50701
* $ n/a 3 $ 1,025,000
Champions Funding, LLC
365 E GERMANN RD #140
GILBERT, AZ 85297
* $ n/a 3 $ 715,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ n/a 3 $ 855,000
Lendage, LLC dba Achieve Loans
1875 S GRANT ST
SAN MATEO, CA 94402
* $ n/a 3 $ 145,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ n/a 3 $ 495,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ n/a 3 $ 375,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ n/a 3 $ 325,000
Farm Credit Mid-America, Aca
1601 UPS DRIVE
LOUISVILLE, KY 40299
* $ n/a 3 $ 515,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ n/a 2 $ 160,000
Connexus Credit Union
2600 PINE RIDGE
WAUSAU, WI 54401
* $ n/a 2 $ 1,010,000
Kiavi Funding, Inc.
315 MONTGOMERY STREET 16TH FLOOR
SAN FRANCISCO, CA 94104
* $ n/a 2 $ 390,000
Data Mortgage, Inc

OCALA, FL 34475
* $ n/a 2 $ 330,000
Loanunited.Com, LLC
3235 SATELLITE BLVD SUITE 314
DULUTH, GA 30096
* $ n/a 2 $ 590,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ n/a 2 $ 470,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ n/a 2 $ 650,000
Citibank, NA

NEW YORK, NY 10012
* $ n/a 2 $ 230,000
Citizens State Bank
117 W 1ST ST (PO BOX 517)
MONTICELLO, IA 52310
* $ n/a 2 $ 260,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ n/a 2 $ 580,000
Alliant Credit Union
11545 W TOUHY
CHICAGO, IL 60666
* $ n/a 2 $ 370,000
Homeservices Lending LLC
2900 100TH STREET SUITE 109
URBANDALE, IA 50322
* $ n/a 2 $ 270,000
Hills Bank and Trust Company
131 EAST MAIN ST / PO BOX 160
HILLS, IA 52235
* $ n/a 2 $ 380,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ n/a 2 $ 360,000
Community Choice Credit Union
1351 NW 114TH ST, P.O. BOX 71247
JOHNSTON, IA 50131
* $ n/a 2 $ 50,000
Flat Branch Mortgage, Inc.
101 S. FIFTH STREET, STE 200
COLUMBIA, MO 65201
* $ n/a 2 $ 380,000
First Colony Mortgage Corporat
500 EAST PARK AVENUE SUITE 900
OREM, UT 84097
* $ n/a 2 $ 180,000
American Heritage Lending, LLC
19800 MACARTHUR BLVD SUITE 950
IRVINE, CA 92612
* $ n/a 2 $ 190,000
Cedar Rapids Bank and Trust
500 1ST AVENUE NE SUITE 100
CEDAR RAPIDS, IA 52401
* $ n/a 2 $ 290,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ n/a 2 $ 120,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ n/a 2 $ 290,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ n/a 2 $ 330,000
Deephaven Mortgage LLC
3530 TORINGDON WAY #200
CHARLOTTE, NC 28277
* $ n/a 1 $ 155,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ n/a 1 $ 305,000
Third Federal Savings and Loan
7007 BROADWAY AVENUE
CLEVELAND, OH 44105
* $ n/a 1 $ 75,000
I H Mississippi Valley Credit Union
2121 47TH STREET
MOLINE, IL 61265
* $ n/a 1 $ 15,000
Midamerica National Bank
100 W ELM ST
CANTON, IL 61520
* $ n/a 1 $ 205,000
Cedar Falls Community Credit Union
123 W 4TH ST
CEDAR FALLS, IA 50613
* $ n/a 1 $ 175,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ n/a 1 $ 405,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ n/a 1 $ 335,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ n/a 1 $ 95,000
Toyota Financial Savings Bank
2485 VILLAGE VIEW DRIVE, SUITE 200
HENDERSON, NV 89074
* $ n/a 1 $ 465,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ n/a 1 $ 115,000
Royal Bank
202 MAIN STREET
ELROY, WI 53929
* $ n/a 1 $ 75,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ n/a 1 $ 155,000
Arvest Bank

TULSA, OK 74103
* $ n/a 1 $ 285,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ n/a 1 $ 245,000
Midland States Bank
1201 NETWORK CENTRE DRIVE
EFFINGHAM, IL 62401
* $ n/a 1 $ 105,000
Saygo Home Loans, LLC
8155 E INDIAN BEND RD, STE 107
SCOTTSDALE, AZ 85250
* $ n/a 1 $ 405,000
Granite Bank
202 2ND AVENUE SOUTH, P.O. BOX 416
COLD SPRING, MN 56320
* $ n/a 1 $ 285,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ n/a 1 $ 35,000
Park Lane Finance Solutionsllc
1228 CEDARS CT STE 201
CHARLOTTESVILLE, VA 22903
* $ n/a 1 $ 105,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ n/a 1 $ 385,000
West Gate Bank
6003 OLD CHENEY ROAD
LINCOLN, NE 68516
* $ n/a 1 $ 205,000
Johnson Bank
555 MAIN STREET SUITE 490
RACINE, WI 53403
* $ n/a 1 $ 205,000
Guthrie County State Bank
505 E MAIN ST
PANORA, IA 50216
* $ n/a 1 $ 105,000
Ameritrust Mortgage Corporation

FLOWER MOUND, TX 75022
* $ n/a 1 $ 305,000
Municipal Trust and Savings Bank
PO BOX 146
BOURBONNAIS, IL 60914
* $ n/a 1 $ 615,000
Mortgage Center Lc
26555 EVERGREEN RD SUITE 900
SOUTHFIELD, MI 48076
* $ n/a 1 $ 145,000
Nations Lending Corporation
4 SUMMIT PARK DR STE 200
INDEPENDENCE, OH 44131
* $ n/a 1 $ 125,000
Wheaton Bank & Trust Company, N.A.
100 NORTH WHEATON AVENUE
WHEATON, IL 60187
* $ n/a 1 $ 285,000
Reliable Holdings Manager dba Lendz Financial
19790 W DIXIE HWY SUITE 104
MIAMI, FL 33180
* $ n/a 1 $ 125,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ n/a 1 $ 185,000
Community 1st Credit Union
1030 SIERRA DR NE
OTTUMWA, IA 52501
* $ n/a 1 $ 205,000
First Central State Bank
914 6TH AVE
DE WITT, IA 52742
* $ n/a 1 $ 85,000
Mount Vernon Bank and Trust Company
206 FIRST ST SW
MOUNT VERNON, IA 52314
* $ n/a 1 $ 225,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ n/a 1 $ 155,000
Bankers Trust Company
453 7TH ST.
DES MOINES, IA 50309
* $ n/a 1 $ 165,000
Consumer Real Estate Finance Co dba Society Mortgage
330 SW 2ND ST #111
FORT LAUDERDALE, FL 33312
* $ n/a 1 $ 235,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ n/a 1 $ 945,000
Charles Schwab Bank, SSB

LONE TREE, CO 80124
* $ n/a 1 $ 285,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ n/a 1 $ 215,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ n/a 1 $ 85,000
Rf Renovo Management Company, LLC
222 W ADAMS ST #1980
CHICAGO, IL 60606
* $ n/a 1 $ 1,865,000
Gershman Investment Corp.
16253 SWINGLEY RIDGE ROAD, SUITE 400
CHESTERFIELD, MO 63017
* $ n/a 1 $ 215,000
Sage Home Loans Corporation
1423 RED VENTURES DRIVE SUITE 201
FORT MILL, SC 29707
* $ n/a 1 $ 605,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ n/a 1 $ 355,000
Contract Exchange Corporation
425 2ND ST SE #370
CEDAR RAPIDS, IA 52401
* $ n/a 1 $ 55,000
Regions Bank
1900 5TH AVENUE N
BIRMINGHAM, AL 35203
* $ n/a 1 $ 405,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ n/a 1 $ 165,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ n/a 1 $ 275,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ n/a 1 $ 235,000
Dominion Financial Services, LLC
1029 N CALVERT ST
BALTIMORE, MD 21202
* $ n/a 1 $ 155,000
Advantagefirst Lending Inc
2 SOUTH POINTE DRIVE SUITES 200-235
LAKE FOREST, CA 92630
* $ n/a 1 $ 205,000
Peoples State Bank
301 EAST BLACKHAWK AVENUE
PRAIRIE DU CHIEN, WI 53821
* $ n/a 1 $ 375,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ n/a 1 $ 105,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ n/a 1 $ 175,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ n/a 1 $ 35,000

The tables below break down 2025 mortgage applications in Dubuque, IA metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Dubuque, IA in 2025

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 1,932 $442,710,000 $229,000 $9,775,000 $103,000 $1,686,000
Other Purpose 925 $71,805,000 $77,000 $905,000 $143,000 $2,400,000
Refinancing 554 $120,880,000 $218,000 $2,235,000 $129,000 $1,017,000
Cash-out Refinancing 366 $65,330,000 $178,000 $715,000 $91,000 $578,000
Home Improvement 166 $16,290,000 $98,000 $1,005,000 $124,000 $634,000
Not Applicable 1 $75,000 $75,000 $75,000 $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 2,905 $487,635,000 $167,000 $2,145,000 $117,000 $2,400,000
Not applicable 434 $132,350,000 $304,000 $9,775,000 $139,000 $337,000
Not Provided 395 $60,825,000 $153,000 $805,000 $122,000 $1,280,000
Hispanic 97 $16,505,000 $170,000 $475,000 $114,000 $1,240,000
Black or African American 50 $9,050,000 $181,000 $2,235,000 $75,000 $195,000
Asian 34 $7,270,000 $213,000 $555,000 $96,000 $383,000
Native Hawaiian or Other Pacific Islander 18 $2,180,000 $121,000 $345,000 $57,000 $88,000
American Indian or Alaskan Native 11 $1,275,000 $115,000 $275,000 $78,000 $126,000

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) 3,548 $623,110,000 $175,000 $9,775,000 $119,000 $2,400,000
FHA-insured (Federal Housing Administration) 194 $39,220,000 $202,000 $425,000 $81,000 $345,000
VA-guaranteed (Veterans Administration) 192 $52,880,000 $275,000 $945,000 $88,000 $464,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10 $1,880,000 $188,000 $265,000 $77,000 $100,000

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 2,695 $502,765,000 $186,000 $9,775,000 $127,000 $2,400,000
Application Denied By Financial Institution 460 $53,310,000 $115,000 $2,235,000 $75,000 $623,000
Loan Purchased By The Institution 319 $75,565,000 $236,000 $945,000 $125,000 $341,000
Application Withdrawn By Applicant 284 $53,200,000 $187,000 $1,865,000 $100,000 $669,000
Application Approved But Not Accepted 97 $17,915,000 $184,000 $2,235,000 $96,000 $350,000
File Closed For Incompleteness 84 $13,230,000 $157,000 $555,000 $90,000 $550,000
Preapproval Approved but not Accepted 3 $865,000 $288,000 $395,000 $349,000 $750,000
Preapproval Denied by Financial Institution 2 $240,000 $120,000 $145,000 $49,000 $59,000

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 3,327 $612,175,000 $184,000 $3,825,000 $122,000 $2,400,000
Debt-To-Income Ratio 292 $69,360,000 $237,000 $9,775,000 $93,000 $914,000
Credit History 163 $13,495,000 $82,000 $355,000 $74,000 $221,000
Collateral 50 $6,190,000 $123,000 $805,000 $87,000 $279,000
Credit Application Incomplete 42 $6,800,000 $161,000 $765,000 $89,000 $480,000
Other 26 $3,150,000 $121,000 $305,000 $126,000 $623,000
Unverifiable Information 25 $3,155,000 $126,000 $405,000 $89,000 $240,000
Insufficient Cash (Downpayment, Closing Cost) 10 $1,580,000 $158,000 $275,000 $71,000 $111,000
Employment History 9 $1,185,000 $131,000 $405,000 $115,000 $600,000
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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