Dukes County MA
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,413
Total Mortgage Loan Application Amount $865,199,000
Average Mortgage Loan Application Amount $612,000
Highest Mortgage Loan Application Amount $22,110,000
Average Applicant Income $283,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Dukes County MA 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 762 $454,779,000 $596,000 $22,110,000 $286,000 $9,999,000
Home Purchase 497 $352,429,000 $709,000 $4,880,000 $302,000 $4,460,000
Home Improvement 154 $57,991,000 $376,000 $2,600,000 $208,000 $2,961,000

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 992 $545,849,000 $550,000 $5,000,000 $308,000 $9,848,000
Not Provided 158 $112,718,000 $713,000 $8,000,000 $358,000 $5,189,000
Not applicable 141 $140,256,000 $994,000 $22,110,000 $12,000 $361,000
Black or African American 79 $46,086,000 $583,000 $3,500,000 $383,000 $9,999,000
Hispanic 31 $15,617,000 $503,000 $900,000 $142,000 $645,000
American Indian or Alaskan Native 8 $2,920,000 $365,000 $593,000 $98,000 $174,000
Asian 4 $1,753,000 $438,000 $541,000 $115,000 $176,000
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0

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) 1,322 $824,182,000 $623,000 $22,110,000 $297,000 $9,999,000
FHA-insured (Federal Housing Administration) 67 $29,793,000 $444,000 $802,000 $74,000 $200,000
VA-guaranteed (Veterans Administration) 24 $11,224,000 $467,000 $771,000 $106,000 $364,000
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 838 $546,788,000 $652,000 $22,110,000 $324,000 $9,999,000
Application Denied By Financial Institution 224 $103,478,000 $461,000 $4,000,000 $207,000 $4,460,000
Loan Purchased By The Institution 174 $110,896,000 $637,000 $3,251,000 $132,000 $3,000,000
Application Withdrawn By Applicant 117 $73,336,000 $626,000 $4,845,000 $398,000 $9,848,000
File Closed For Incompleteness 44 $21,110,000 $479,000 $3,500,000 $170,000 $1,467,000
Application Approved But Not Accepted 16 $9,591,000 $599,000 $2,000,000 $297,000 $774,000
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 40 $25,774,000 $644,000 $4,000,000 $165,000 $708,000
Collateral 20 $17,736,000 $886,000 $3,000,000 $524,000 $4,460,000
Credit Application Incomplete 16 $5,725,000 $357,000 $1,100,000 $183,000 $800,000
Credit History 13 $3,286,000 $252,000 $538,000 $177,000 $541,000
Other 12 $4,534,000 $377,000 $1,295,000 $286,000 $1,533,000
Unverifiable Information 8 $3,217,000 $402,000 $552,000 $194,000 $360,000
Insufficient Cash (Downpayment, Closing Cost) 2 $559,000 $279,000 $305,000 $67,000 $76,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
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