Eagle County CO
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 4,345
Total Mortgage Loan Application Amount $2,357,829,000
Average Mortgage Loan Application Amount $542,000
Highest Mortgage Loan Application Amount $21,480,000
Average Applicant Income $226,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Eagle County CO 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 2,402 $1,265,834,000 $526,000 $21,480,000 $222,000 $8,658,000
Home Purchase 1,772 $990,986,000 $559,000 $10,500,000 $229,000 $3,842,000
Home Improvement 171 $101,009,000 $590,000 $14,000,000 $244,000 $9,999,000

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 3,082 $1,532,242,000 $497,000 $13,200,000 $246,000 $8,658,000
Not Provided 485 $299,839,000 $618,000 $13,000,000 $319,000 $9,999,000
Hispanic 354 $124,457,000 $351,000 $4,920,000 $117,000 $4,096,000
Not applicable 350 $371,617,000 $1,061,000 $21,480,000 $30,000 $3,000,000
Asian 49 $20,193,000 $412,000 $1,470,000 $253,000 $2,000,000
American Indian or Alaskan Native 15 $6,703,000 $446,000 $2,130,000 $134,000 $709,000
Black or African American 9 $2,508,000 $278,000 $626,000 $84,000 $253,000
Native Hawaiin or Other Pacific Islander 1 $270,000 $270,000 $270,000 $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) 3,916 $2,193,097,000 $560,000 $21,480,000 $242,000 $9,999,000
FHA-insured (Federal Housing Administration) 264 $94,538,000 $358,000 $636,000 $74,000 $287,000
VA-guaranteed (Veterans Administration) 125 $59,110,000 $472,000 $1,468,000 $84,000 $299,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $11,084,000 $277,000 $424,000 $63,000 $108,000

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 2,521 $1,394,931,000 $553,000 $14,000,000 $257,000 $9,999,000
Application Denied By Financial Institution 696 $338,169,000 $485,000 $8,500,000 $174,000 $4,800,000
Application Withdrawn By Applicant 529 $297,974,000 $563,000 $21,480,000 $237,000 $6,000,000
Loan Purchased By The Institution 308 $165,283,000 $536,000 $4,270,000 $83,000 $3,293,000
File Closed For Incompleteness 197 $81,791,000 $415,000 $3,000,000 $167,000 $3,000,000
Application Approved But Not Accepted 94 $79,681,000 $847,000 $14,000,000 $302,000 $6,330,000
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 136 $73,593,000 $541,000 $4,000,000 $118,000 $833,000
Collateral 87 $47,030,000 $540,000 $4,950,000 $274,000 $3,375,000
Credit History 65 $30,858,000 $474,000 $4,920,000 $244,000 $2,909,000
Credit Application Incomplete 40 $21,703,000 $542,000 $1,856,000 $236,000 $1,229,000
Unverifiable Information 34 $14,245,000 $418,000 $1,082,000 $154,000 $501,000
Other 30 $17,897,000 $596,000 $2,600,000 $208,000 $810,000
Insufficient Cash (Downpayment, Closing Cost) 17 $17,051,000 $1,003,000 $8,500,000 $224,000 $653,000
Employment History 1 $717,000 $717,000 $717,000 $221,000 $221,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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