Flagstaff, AZ Metro Area Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 14,111 mortgage applications in Flagstaff, AZ metro area totaling $4.3 billion, up 70% from 2019. The average application was for $303,498, and applicants reported an average income of $144,000. 59% of applications resulted in an originated loan and 9% were denied. The most active lender was Wallick and Volk, Inc., with 900 applications, followed by United Wholesale Mortgage and Primelending.
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| 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 | 14,111 |
| Total Mortgage Loan Application Amount | $4,282,665,000 |
| Average Mortgage Loan Application Amount | $303,498 |
| Highest Mortgage Loan Application Amount | $41,605,000 |
| Average Applicant Income | $144,000 |
| Highest Applicant Income | $7,099,000 |
Top Mortgage Lenders in Flagstaff, AZ Metro Area (2020)
Ranked by the number of mortgage applications each lender reported in Flagstaff, AZ metro area in 2020.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wallick and Volk, Inc. Cheyenne, WY |
900 | $268,000,000 | $297,000 | $110,000 |
| 2 | United Wholesale Mortgage Plymouth, MI |
631 | $199,715,000 | $316,000 | $147,000 |
| 3 | Primelending Dallas, TX |
617 | $197,405,000 | $319,000 | $128,000 |
| 4 | Wells Fargo Bank NA Minneapolis, MN |
586 | $165,120,000 | $281,000 | $155,000 |
| 5 | Fairway Independent Mort Corp Madison, WI |
506 | $163,020,000 | $322,000 | $185,000 |
| 6 | Freedom Mortgage Corporation Boca Raton, FL |
448 | $129,950,000 | $290,000 | $103,000 |
| 7 | JPMorgan Chase Bank, NA Columbus, OH |
342 | $132,830,000 | $388,000 | $209,000 |
| 8 | Oneaz Credit Union Phoenix, AZ |
340 | $80,560,000 | $236,000 | $110,000 |
| 9 | Newrez LLC Fort Washington, PA |
327 | $89,065,000 | $272,000 | $132,000 |
| 10 | Nova Financial & Investment Corporation Tucson, AZ |
323 | $98,415,000 | $304,000 | $132,000 |
See every lender active in Flagstaff, AZ metro area in 2020 »
The tables below break down 2020 mortgage applications in Flagstaff, AZ 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 Flagstaff, AZ in 2020
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 | 6,930 | $2,057,520,000 | $296,000 | $41,605,000 | $134,000 | $5,500,000 |
| Home Purchase | 4,346 | $1,509,310,000 | $347,000 | $28,765,000 | $175,000 | $7,099,000 |
| Cash-out Refinancing | 1,984 | $560,780,000 | $282,000 | $2,065,000 | $116,000 | $1,153,000 |
| Home Improvement | 382 | $56,780,000 | $148,000 | $755,000 | $124,000 | $804,000 |
| Other Purpose | 380 | $76,970,000 | $202,000 | $1,985,000 | $159,000 | $2,193,000 |
| Not Applicable | 89 | $21,305,000 | $239,000 | $855,000 | $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 | 9,161 | $2,740,685,000 | $299,000 | $2,855,000 | $148,000 | $7,099,000 |
| Not Provided | 2,306 | $689,020,000 | $298,000 | $2,105,000 | $141,000 | $2,076,000 |
| Not applicable | 1,121 | $444,935,000 | $396,000 | $41,605,000 | $145,000 | $794,000 |
| Hispanic | 853 | $236,555,000 | $277,000 | $3,005,000 | $114,000 | $1,077,000 |
| American Indian or Alaskan Native | 345 | $69,495,000 | $201,000 | $525,000 | $93,000 | $751,000 |
| Asian | 191 | $65,065,000 | $340,000 | $1,165,000 | $217,000 | $1,770,000 |
| Black or African American | 74 | $18,600,000 | $251,000 | $875,000 | $146,000 | $668,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $5,285,000 | $278,000 | $845,000 | $133,000 | $372,000 |
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) | 12,073 | $3,654,225,000 | $302,000 | $41,605,000 | $150,000 | $7,099,000 |
| VA-guaranteed (Veterans Administration) | 1,059 | $356,445,000 | $336,000 | $1,395,000 | $82,000 | $481,000 |
| FHA-insured (Federal Housing Administration) | 927 | $259,355,000 | $279,000 | $24,755,000 | $68,000 | $1,386,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $12,640,000 | $243,000 | $455,000 | $78,000 | $184,000 |
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 | 8,364 | $2,637,360,000 | $315,000 | $41,605,000 | $149,000 | $5,700,000 |
| Application Withdrawn By Applicant | 1,889 | $567,215,000 | $300,000 | $2,855,000 | $154,000 | $7,099,000 |
| Loan Purchased By The Institution | 1,589 | $486,485,000 | $306,000 | $1,065,000 | $138,000 | $1,121,000 |
| Application Denied By Financial Institution | 1,291 | $320,585,000 | $248,000 | $3,005,000 | $114,000 | $1,344,000 |
| File Closed For Incompleteness | 646 | $171,950,000 | $266,000 | $2,495,000 | $122,000 | $2,137,000 |
| Application Approved But Not Accepted | 331 | $98,685,000 | $298,000 | $2,105,000 | $155,000 | $1,618,000 |
| Preapproval Approved but not Accepted | 1 | $385,000 | $385,000 | $385,000 | $73,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 12,800 | $3,953,320,000 | $308,000 | $41,605,000 | $147,000 | $7,099,000 |
| Debt-To-Income Ratio | 406 | $109,260,000 | $269,000 | $1,475,000 | $81,000 | $1,544,000 |
| Credit Application Incomplete | 265 | $74,235,000 | $280,000 | $715,000 | $143,000 | $1,200,000 |
| Credit History | 239 | $49,345,000 | $206,000 | $1,195,000 | $125,000 | $1,344,000 |
| Collateral | 170 | $43,280,000 | $254,000 | $3,005,000 | $147,000 | $1,145,000 |
| Other | 130 | $28,770,000 | $221,000 | $1,035,000 | $131,000 | $873,000 |
| Unverifiable Information | 69 | $15,645,000 | $226,000 | $895,000 | $134,000 | $500,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $4,550,000 | $252,000 | $655,000 | $107,000 | $300,000 |
| Employment History | 14 | $4,260,000 | $304,000 | $405,000 | $84,000 | $233,000 |
| 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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