Florida
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,043,942
Total Mortgage Loan Application Amount $232,772,230,000
Average Mortgage Loan Application Amount $222,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $91,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Florida 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
Home Purchase 542,524 $131,162,660,000 $241,000 $99,999,000 $95,000 $9,999,000
Refinancing 436,913 $95,123,054,000 $217,000 $99,999,000 $86,000 $9,999,000
Home Improvement 64,505 $6,486,516,000 $100,000 $66,425,000 $90,000 $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 569,819 $122,391,904,000 $214,000 $99,999,000 $105,000 $9,999,000
Hispanic 164,932 $33,394,879,000 $202,000 $99,999,000 $84,000 $9,999,000
Not Provided 105,541 $23,071,652,000 $218,000 $99,999,000 $105,000 $9,999,000
Not applicable 93,361 $33,450,656,000 $358,000 $99,999,000 $20,000 $9,999,000
Black or African American 78,465 $13,466,305,000 $171,000 $10,000,000 $64,000 $8,656,000
Asian 25,117 $5,698,671,000 $226,000 $10,000,000 $113,000 $9,999,000
American Indian or Alaskan Native 4,176 $805,717,000 $192,000 $98,188,000 $76,000 $4,261,000
Native Hawaiin or Other Pacific Islander 2,531 $492,446,000 $194,000 $2,000,000 $83,000 $2,245,000

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) 685,537 $161,029,256,000 $234,000 $99,999,000 $113,000 $9,999,000
FHA-insured (Federal Housing Administration) 218,583 $40,427,257,000 $184,000 $99,999,000 $44,000 $5,400,000
VA-guaranteed (Veterans Administration) 130,892 $29,966,657,000 $228,000 $10,000,000 $55,000 $6,272,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,930 $1,349,060,000 $151,000 $512,000 $37,000 $484,000

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 506,394 $121,272,805,000 $239,000 $99,999,000 $104,000 $9,999,000
Application Denied By Financial Institution 211,398 $39,262,974,000 $185,000 $99,999,000 $83,000 $9,999,000
Loan Purchased By The Institution 127,071 $27,236,892,000 $214,000 $79,000,000 $46,000 $9,999,000
Application Withdrawn By Applicant 125,175 $29,047,206,000 $232,000 $99,999,000 $100,000 $9,999,000
File Closed For Incompleteness 47,457 $9,899,141,000 $208,000 $12,500,000 $88,000 $9,999,000
Application Approved But Not Accepted 26,358 $6,038,094,000 $229,000 $69,000,000 $99,000 $7,665,000
Preapproval Denied by Financial Institution 70 $10,794,000 $154,000 $460,000 $64,000 $302,000
Preapproval Approved but not Accepted 19 $4,324,000 $227,000 $400,000 $78,000 $259,000

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
Debt-To-Income Ratio 32,764 $6,551,458,000 $199,000 $11,517,000 $67,000 $9,999,000
Credit History 32,175 $3,792,657,000 $117,000 $34,500,000 $79,000 $9,999,000
Collateral 19,001 $4,034,655,000 $212,000 $30,000,000 $112,000 $9,999,000
Credit Application Incomplete 16,148 $3,304,373,000 $204,000 $4,830,000 $99,000 $9,999,000
Other 11,404 $2,555,157,000 $224,000 $98,188,000 $101,000 $9,999,000
Unverifiable Information 4,554 $828,522,000 $181,000 $7,800,000 $99,000 $8,740,000
Insufficient Cash (Downpayment, Closing Cost) 3,460 $768,770,000 $222,000 $4,350,000 $94,000 $3,012,000
Employment History 1,664 $310,274,000 $186,000 $2,470,000 $72,000 $2,400,000
Mortgage Insurance Denied 233 $34,171,000 $146,000 $1,168,000 $72,000 $1,140,000
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Mortgage Loan Application Totals in 2016 by Florida Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CAPE CORAL-FORT MYERS, FL 44,645 $ 9,176,161,000 $ 205,000 $ 96,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 20,033 $ 5,272,862,000 $ 263,000 $ 120,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 36,850 $ 6,265,836,000 $ 170,000 $ 73,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 90,063 $ 23,809,635,000 $ 264,000 $ 99,000
GAINESVILLE, FL 10,342 $ 2,091,564,000 $ 202,000 $ 80,000
HOMOSASSA SPRINGS, FL 7,180 $ 952,485,000 $ 132,000 $ 60,000
JACKSONVILLE, FL 88,607 $ 18,102,629,000 $ 204,000 $ 80,000
LAKELAND-WINTER HAVEN, FL 32,516 $ 4,938,978,000 $ 151,000 $ 61,000
MIAMI-MIAMI BEACH-KENDALL, FL 88,789 $ 27,049,802,000 $ 304,000 $ 116,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 22,176 $ 7,289,581,000 $ 328,000 $ 157,000
NORTH PORT-SARASOTA-BRADENTON, FL 47,285 $ 11,332,902,000 $ 239,000 $ 102,000
OCALA, FL 16,665 $ 2,244,124,000 $ 134,000 $ 60,000
ORLANDO-KISSIMMEE-SANFORD, FL 131,716 $ 28,533,099,000 $ 216,000 $ 83,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 35,666 $ 6,582,954,000 $ 184,000 $ 76,000
PANAMA CITY, FL 11,293 $ 2,093,677,000 $ 185,000 $ 90,000
PENSACOLA-FERRY PASS-BRENT, FL 25,900 $ 4,526,199,000 $ 174,000 $ 72,000
PORT ST. LUCIE, FL 27,005 $ 5,265,240,000 $ 194,000 $ 81,000
PUNTA GORDA, FL 11,261 $ 1,897,590,000 $ 168,000 $ 81,000
SEBASTIAN-VERO BEACH, FL 8,016 $ 1,699,407,000 $ 212,000 $ 100,000
SEBRING, FL 3,664 $ 436,446,000 $ 119,000 $ 60,000
TALLAHASSEE, FL 14,991 $ 2,706,084,000 $ 180,000 $ 77,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 164,773 $ 33,513,042,000 $ 203,000 $ 82,000
THE VILLAGES, FL 7,037 $ 1,417,069,000 $ 201,000 $ 86,000
WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FL 71,889 $ 20,504,752,000 $ 285,000 $ 123,000
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Mortgage Loan Application Totals in 2016 by Florida County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Alachua 9,886 $ 2,033,641,000 $ 205,000 $ 81,000
Baker 945 $ 131,333,000 $ 138,000 $ 64,000
Bay 10,499 $ 1,930,352,000 $ 183,000 $ 88,000
Bradford 825 $ 104,728,000 $ 126,000 $ 50,000
Brevard 35,959 $ 6,623,519,000 $ 184,000 $ 76,000
Broward 90,096 $ 23,814,135,000 $ 264,000 $ 99,000
Calhoun 315 $ 36,237,000 $ 115,000 $ 54,000
Charlotte 11,263 $ 1,897,876,000 $ 168,000 $ 81,000
Citrus 7,215 $ 955,632,000 $ 132,000 $ 60,000
Clay 13,473 $ 2,416,568,000 $ 179,000 $ 65,000
Collier 22,185 $ 7,290,793,000 $ 328,000 $ 157,000
Columbia 2,340 $ 291,967,000 $ 124,000 $ 54,000
DeSoto 759 $ 96,664,000 $ 127,000 $ 53,000
Dixie 343 $ 32,669,000 $ 95,000 $ 50,000
Duval 48,935 $ 9,065,793,000 $ 185,000 $ 71,000
Escambia 14,195 $ 2,281,930,000 $ 160,000 $ 72,000
Flagler 7,470 $ 1,389,811,000 $ 186,000 $ 78,000
Franklin 622 $ 154,234,000 $ 247,000 $ 161,000
Gadsden 1,314 $ 157,049,000 $ 119,000 $ 56,000
Gilchrist 568 $ 67,909,000 $ 119,000 $ 53,000
Glades 253 $ 27,493,000 $ 108,000 $ 60,000
Gulf 925 $ 174,101,000 $ 188,000 $ 98,000
Hamilton 358 $ 34,232,000 $ 95,000 $ 49,000
Hardee 481 $ 47,055,000 $ 97,000 $ 57,000
Hendry 759 $ 84,480,000 $ 111,000 $ 60,000
Hernando 10,413 $ 1,355,865,000 $ 130,000 $ 55,000
Highlands 3,670 $ 437,012,000 $ 119,000 $ 60,000
Hillsborough 73,547 $ 16,136,550,000 $ 219,000 $ 84,000
Holmes 474 $ 46,930,000 $ 99,000 $ 53,000
Indian River 8,021 $ 1,699,831,000 $ 211,000 $ 100,000
Jackson 1,322 $ 134,410,000 $ 101,000 $ 57,000
Jefferson 481 $ 67,654,000 $ 140,000 $ 60,000
Lafayette 141 $ 15,914,000 $ 112,000 $ 58,000
Lake 20,946 $ 3,738,742,000 $ 178,000 $ 70,000
Lee 44,664 $ 9,177,752,000 $ 205,000 $ 96,000
Leon 11,696 $ 2,264,091,000 $ 193,000 $ 83,000
Levy 1,433 $ 160,320,000 $ 111,000 $ 55,000
Liberty 200 $ 22,493,000 $ 112,000 $ 54,000
Madison 432 $ 45,946,000 $ 106,000 $ 58,000
Manatee 21,894 $ 5,183,758,000 $ 236,000 $ 99,000
Marion 16,778 $ 2,253,482,000 $ 134,000 $ 60,000
Martin 8,656 $ 2,196,291,000 $ 253,000 $ 112,000
Miami-Dade 88,825 $ 27,054,377,000 $ 304,000 $ 116,000
Monroe 4,535 $ 1,889,298,000 $ 416,000 $ 200,000
Nassau 5,646 $ 1,174,062,000 $ 207,000 $ 88,000
Okaloosa 13,413 $ 2,895,922,000 $ 215,000 $ 82,000
Okeechobee 1,107 $ 126,924,000 $ 114,000 $ 64,000
Orange 64,330 $ 15,134,226,000 $ 235,000 $ 90,000
Osceola 21,900 $ 4,305,065,000 $ 196,000 $ 70,000
Palm Beach 71,911 $ 20,506,691,000 $ 285,000 $ 123,000
Pasco 30,240 $ 5,181,592,000 $ 171,000 $ 69,000
Pinellas 50,789 $ 10,861,289,000 $ 213,000 $ 92,000
Polk 32,741 $ 4,974,864,000 $ 151,000 $ 61,000
Putnam 2,141 $ 240,248,000 $ 112,000 $ 56,000
Santa Rosa 11,817 $ 2,253,894,000 $ 190,000 $ 72,000
Sarasota 25,412 $ 6,151,257,000 $ 242,000 $ 105,000
Seminole 24,705 $ 5,376,315,000 $ 217,000 $ 86,000
St. Johns 19,787 $ 5,336,112,000 $ 269,000 $ 110,000
St. Lucie 18,366 $ 3,070,626,000 $ 167,000 $ 66,000
Sumter 7,053 $ 1,418,366,000 $ 201,000 $ 86,000
Suwannee 1,244 $ 138,150,000 $ 111,000 $ 53,000
Taylor 479 $ 54,903,000 $ 114,000 $ 56,000
Union 378 $ 43,985,000 $ 116,000 $ 50,000
Volusia 29,471 $ 4,885,820,000 $ 165,000 $ 71,000
Wakulla 1,602 $ 226,165,000 $ 141,000 $ 55,000
Walton 6,765 $ 2,391,443,000 $ 353,000 $ 193,000
Washington 731 $ 81,442,000 $ 111,000 $ 61,000
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