AllMortgageDetail - Mortgage Application Details

Dukes County MA
Mortgage Loan Application
Totals and Details
for 2014

Download the entire list of lenders located in Massachusetts to a Spreadsheet or Other File Type
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 922
Total Mortgage Loan Application Amount $515,128,000
Average Mortgage Loan Application Amount $558,000
Highest Mortgage Loan Application Amount $9,197,000
Average Applicant Income $273,000
Highest Applicant Income $7,227,000

Mortgage Loan Application Detail Totals for Dukes County MA in 2014

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 450 $248,989,000 $553,000 $9,197,000 $254,000 $7,227,000
Home Purchase 363 $209,067,000 $575,000 $5,850,000 $312,000 $4,258,000
Home Improvement 109 $57,072,000 $523,000 $4,500,000 $221,000 $2,277,000

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 698 $347,896,000 $498,000 $5,300,000 $269,000 $7,227,000
Not Provided 103 $72,843,000 $707,000 $5,850,000 $350,000 $4,258,000
Black or African American 57 $40,270,000 $706,000 $5,000,000 $396,000 $4,429,000
Not applicable 47 $43,594,000 $927,000 $9,197,000 $29,000 $587,000
Hispanic 11 $7,753,000 $704,000 $2,450,000 $197,000 $761,000
American Indian or Alaskan Native 3 $1,032,000 $344,000 $575,000 $100,000 $190,000
Asian 2 $1,309,000 $654,000 $660,000 $561,000 $1,122,000
Native Hawaiin or Other Pacific Islander 1 $431,000 $431,000 $431,000 $388,000 $388,000

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) 885 $500,506,000 $565,000 $9,197,000 $281,000 $7,227,000
FHA-insured (Federal Housing Administration) 23 $8,956,000 $389,000 $540,000 $71,000 $180,000
VA-guaranteed (Veterans Administration) 12 $4,845,000 $403,000 $465,000 $104,000 $179,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $821,000 $410,000 $423,000 $85,000 $102,000

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 609 $336,370,000 $552,000 $9,197,000 $295,000 $7,227,000
Application Denied By Financial Institution 120 $62,434,000 $520,000 $5,500,000 $191,000 $1,319,000
Application Withdrawn By Applicant 84 $51,011,000 $607,000 $3,500,000 $279,000 $1,305,000
Loan Purchased By The Institution 45 $18,291,000 $406,000 $991,000 $103,000 $587,000
File Closed For Incompleteness 36 $26,796,000 $744,000 $4,200,000 $335,000 $1,775,000
Application Approved But Not Accepted 28 $20,226,000 $722,000 $4,500,000 $333,000 $2,165,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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
Debt-To-Income Ratio 25 $12,030,000 $481,000 $2,300,000 $127,000 $687,000
Collateral 24 $21,662,000 $902,000 $5,500,000 $241,000 $714,000
Credit Application Incomplete 14 $7,462,000 $533,000 $1,900,000 $322,000 $1,319,000
Credit History 14 $4,895,000 $349,000 $911,000 $178,000 $800,000
Other 7 $2,206,000 $315,000 $1,320,000 $156,000 $569,000
Unverifiable Information 1 $363,000 $363,000 $363,000 $559,000 $559,000
Employment History 1 $780,000 $780,000 $780,000 $266,000 $266,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0