Franklin County, ME Mortgage Lenders & HMDA Data, 2024

In 2024, lenders reported 996 mortgage applications in Franklin County, ME totaling $238.6 million, up 15% from 2023. The average application was for $239,000, and applicants reported an average income of $162,000. 57% of applications resulted in an originated loan and 15% were denied. The most active lender was Bangor Savings Bank, with 147 applications, followed by Skowhegan Savings Bank and Guild Mortgage Company.

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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 996
Total Mortgage Loan Application Amount $238,600,000
Average Mortgage Loan Application Amount $239,000
Highest Mortgage Loan Application Amount $2,235,000
Average Applicant Income $162,000
Highest Applicant Income $3,631,000

Mortgage Company List for Lending in Franklin County, ME for 2024

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Bangor Savings Bank
19 MAINE AVENUE
BANGOR, ME 04401
* $ n/a 147 $ 27,465,000
Skowhegan Savings Bank
13 ELM ST
SKOWHEGAN, ME 04976
* $ n/a 50 $ 15,010,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ n/a 36 $ 8,720,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ n/a 34 $ 11,320,000
The Camden National Bank
2 ELM STREET
CAMDEN, ME 04843
* $ n/a 26 $ 8,570,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ n/a 25 $ 5,665,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ n/a 25 $ 7,265,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ n/a 24 $ 5,820,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ n/a 24 $ 5,210,000
University Credit Union
15 MAIN STREET
ORONO, ME 04473
* $ n/a 23 $ 3,655,000
Kennebec Savings Bank
150 STATE ST
AUGUSTA, ME 04332
* $ n/a 20 $ 4,100,000
TD Bank

MOUNT LAUREL, NJ 08054
* $ n/a 20 $ 2,960,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ n/a 18 $ 1,300,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ n/a 18 $ 4,190,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ n/a 17 $ 4,235,000
Total Mortgage Services, LLC
185 PLAINS ROAD
MILFORD, CT 06461
* $ n/a 15 $ 5,305,000
Norway Savings Bank
261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268
* $ n/a 13 $ 3,355,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ n/a 13 $ 1,225,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ n/a 11 $ 2,525,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ n/a 11 $ 3,065,000
Androscoggin Bank
30 LISBON STREET
LEWISTON, ME 04243
* $ n/a 11 $ 3,815,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ n/a 11 $ 2,885,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ n/a 11 $ 2,815,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ n/a 9 $ 1,995,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ n/a 9 $ 1,555,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ n/a 8 $ 350,000
Lighthouse Federal Credit Union
100 BORTHWICK AVE
PORTSMOUTH, NH 03801
* $ n/a 8 $ 1,970,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ n/a 8 $ 2,050,000
T2 Financial LLC
480 OLDE WORTHINGTON RD SUITE 300
WESTERVILLE, OH 43082
* $ n/a 8 $ 1,720,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ n/a 7 $ 1,255,000
Maine State Credit Union
200 CAPITOL ST
AUGUSTA, ME 04330
* $ n/a 7 $ 1,275,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ n/a 7 $ 2,715,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ n/a 6 $ 1,360,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ n/a 6 $ 2,030,000
Cuso Mortgage Corporation
101 WESTERN AVENUE
HAMPDEN, ME 04444
* $ n/a 6 $ 1,140,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ n/a 6 $ 1,470,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ n/a 5 $ 975,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ n/a 5 $ 1,975,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ n/a 5 $ 685,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ n/a 5 $ 785,000
Northpoint Mortgage, Inc.
204 TURNPIKE ROAD
STURBRIDGE, MA 01566
* $ n/a 5 $ 1,225,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ n/a 5 $ 605,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ n/a 5 $ 1,065,000
Dirigo Federal Credit Union
391 MAIN STREET
LEWISTON, ME 04243
* $ n/a 4 $ 590,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ n/a 4 $ 1,340,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ n/a 4 $ 1,030,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ n/a 4 $ 780,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ n/a 4 $ 910,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ n/a 4 $ 480,000
Mission Loans, LLC

IRVINE, CA 92612
* $ n/a 4 $ 490,000
Town and Country Federal Credi
557 MAIN STREET P.O. BOX 9420
SOUTH PORTLAND, ME 04116
* $ n/a 4 $ 1,250,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ n/a 4 $ 240,000
Bath Savings Institution
105 FRONT STREET
BATH, ME 04530
* $ n/a 4 $ 1,580,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ n/a 4 $ 1,180,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ n/a 4 $ 1,120,000
Harborone Mortgage, LLC
1045 ELM ST SUITE 601
MANCHESTER, NH 03101
* $ n/a 4 $ 1,210,000
Ocmbc, Inc.
19000 MACARTHUR BLVD, SUITE 200
IRVINE, CA 92612
* $ n/a 3 $ 1,695,000
American Heritage Lending, LLC
19800 MACARTHUR BLVD SUITE 950
IRVINE, CA 92612
* $ n/a 3 $ 1,475,000
Bankesb
36 MAIN STREET
EASTHAMPTON, MA 01027
* $ n/a 3 $ 505,000
Central One Federal Credit Union
714 MAIN ST
SHREWSBURY, MA 01545
* $ n/a 3 $ 315,000
Bay Equity LLC

DETROIT, MI 48226
* $ n/a 3 $ 515,000
Maine Community Bank
1 INDIA ST
PORTLAND, ME 04101
* $ n/a 3 $ 505,000
Fourleaf Federal Credit Union
899 SOUTH OYSTER BAY ROAD
BETHPAGE, NY 11714
* $ n/a 3 $ 585,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ n/a 3 $ 615,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ n/a 3 $ 1,135,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ n/a 3 $ 985,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ n/a 3 $ 2,165,000
Machias Savings Bank
4 CENTER STREET
MACHIAS, ME 04654
* $ n/a 3 $ 1,205,000
Bpl Mortgage, LLC

OAKBROOK TERRACE, IL 60181
* $ n/a 3 $ 315,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ n/a 3 $ 325,000
Atlantic Federal Credit Union
PO BOX 188
BRUNSWICK, ME 04011
* $ n/a 3 $ 555,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ n/a 3 $ 515,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ n/a 2 $ 290,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ n/a 2 $ 340,000
Passumpsic Bank
25 MR ARTHUR DRIVE
CHESTERFIELD, NH 03466
* $ n/a 2 $ 570,000
Trademark FCU
44 EDISON DRIVE
AUGUSTA, ME 04330
* $ n/a 2 $ 150,000
Maine Savings Federal Credit Union
PO BOX 347
HAMPDEN, ME 04444
* $ n/a 2 $ 660,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ n/a 2 $ 530,000
Peopleschoice Credit Union
23 INDUSTRIAL PARK RD
SACO, ME 04072
* $ n/a 2 $ 1,220,000
Brightbridge Credit Union
500 MERRIMACK STREET
LAWRENCE, MA 01843
* $ n/a 2 $ 830,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ n/a 2 $ 960,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ n/a 2 $ 160,000
Angel Oak Mortgage Solutions LLC
980 HAMMOND DRIVE, SUITE 850
ATLANTA, GA 30328
* $ n/a 2 $ 710,000
Raymond James Bank
710 CARILLON PARKWAY
SAINT PETERSBURG, FL 33716
* $ n/a 2 $ 920,000
Rbc Bank (Georgia), N.A.

RALEIGH, NC 27607
* $ n/a 2 $ 550,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ n/a 2 $ 480,000
Saco & Biddeford Savings Institution
50 INDUSTRIAL PARK ROAD
SACO, ME 04072
* $ n/a 2 $ 330,000
Northern Mortgage Services, LLC
3714 28TH ST SW
GRANDVILLE, MI 49418
* $ n/a 2 $ 340,000
Salem Five Mortgage Company LLC
210 ESSEX STREET
SALEM, MA 01970
* $ n/a 2 $ 1,070,000
Ameritrust Mortgage Corporation

FLOWER MOUND, TX 75022
* $ n/a 2 $ 1,490,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ n/a 2 $ 320,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ n/a 2 $ 460,000
First National Bank
P.O. BOX 940
DAMARISCOTTA, ME 04543
* $ n/a 2 $ 760,000
Gorham Savings Bank
10 WENTWORTH DRIVE
GORHAM, ME 04038
* $ n/a 2 $ 430,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ n/a 2 $ 1,380,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ n/a 2 $ 440,000
Evergreen Credit Union
225 RIVERSIDE STREET
PORTLAND, ME 04103
* $ n/a 2 $ 100,000
Atlantic Coast Mortgage, LLC
4100 MONUMENT CORNER DRIVE, SUITE 300
FAIRFAX, VA 22030
* $ n/a 2 $ 450,000
Cornerstone Bank
176 MAIN STREET
SPENCER, MA 01562
* $ n/a 2 $ 1,810,000
Salem Five Cents Savings Bank
210 ESSEX ST
SALEM, MA 01970
* $ n/a 1 $ 365,000
Merrimack County Savings Bank
89 NORTH MAIN STREET
CONCORD, NH 03301
* $ n/a 1 $ 265,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ n/a 1 $ 105,000
Polaris Home Funding Corp.
151 44TH ST. SW
GRANDVILLE, MI 49418
* $ n/a 1 $ 205,000
Avidia Bank
42 MAIN STREET
HUDSON, MA 01749
* $ n/a 1 $ 795,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ n/a 1 $ 365,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ n/a 1 $ 515,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ n/a 1 $ 315,000
Millbury Federal Credit Union
50 MAIN STREET
MILLBURY, MA 01527
* $ n/a 1 $ 155,000
Advisors Mortgage Group, LLC
1411 HIGHWAY 35
OCEAN, NJ 07712
* $ n/a 1 $ 235,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ n/a 1 $ 375,000
Direct Federal Credit Union
50 CABOT STREET
NEEDHAM, MA 02494
* $ n/a 1 $ 345,000
Truchoice FCU
332 CUMMINGS RD
SOUTH PORTLAND, ME 04106
* $ n/a 1 $ 65,000
Leader Bank NA
141 MASSACHUSETTS AVENUE
ARLINGTON, MA 02474
* $ n/a 1 $ 125,000
Auburn Savings Bank
256 COURT ST. PO BOX 3157
AUBURN, ME 04212
* $ n/a 1 $ 185,000
Citibank, NA

NEW YORK, NY 10012
* $ n/a 1 $ 295,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ n/a 1 $ 265,000
Bar Harbor Bank & Trust
82 MAIN STREET
BAR HARBOR, ME 04609
* $ n/a 1 $ 405,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ n/a 1 $ 215,000
Homexpress Mortgage Corp.
1936 E DEERE AVE SUITE 200
SANTA ANA, CA 92705
* $ n/a 1 $ 185,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ n/a 1 $ 215,000
Cport Credit Union
PO BOX 777
PORTLAND, ME 04103
* $ n/a 1 $ 405,000
Texana Bank
124 E RUSH ST
LINDEN, TX 75563
* $ n/a 1 $ 555,000
First Savings Bank
501 E. LEWIS & CLARK PARKWAY
JEFFERSONVILLE, IN 47130
* $ n/a 1 $ 485,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ n/a 1 $ 105,000
Unibank for Savings
49 CHURCH STREET
WHITINSVILLE, MA 01588
* $ n/a 1 $ 155,000
Kind Lending, LLC
1920 MAIN STREET SUITE 1100 & 1200
IRVINE, CA 92614
* $ n/a 1 $ 185,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ n/a 1 $ 165,000
Megastar Finanacial Corp
1080 CHEROKEE STREET
DENVER, CO 80204
* $ n/a 1 $ 295,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ n/a 1 $ 215,000
Flagstar Bank NA

TROY, MI 49098
* $ n/a 1 $ 235,000
Katahdin Trust Company
11 MAIN STREET / PO BOX 450
PATTEN, ME 04765
* $ n/a 1 $ 1,365,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ n/a 1 $ 225,000
Ally Bank

CHARLOTTE, NC 28202
* $ n/a 1 $ 285,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ n/a 1 $ 45,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ n/a 1 $ 225,000
National Police Federal Credit Union
1407 W. WASHINGTON BLVD.
CHICAGO, IL 60607
* $ n/a 1 $ 185,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ n/a 1 $ 85,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ n/a 1 $ 235,000
Fifth Third Bank, National Association
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ n/a 1 $ 165,000
Liberty Bank
6600 PLAZA DRIVE
NEW ORLEANS, LA 70127
* $ n/a 1 $ 865,000
Ixonia Bank
W1046 MARIETTA AVE
IXONIA, WI 53036
* $ n/a 1 $ 195,000
Loan Funder LLC
645 MADISON AVENUE, 19TH FLOOR
NEW YORK, NY 10022
* $ n/a 1 $ 125,000
Nextmortgage, LLC
3160 CROW CANYON RD
SAN RAMON, CA 94583
* $ n/a 1 $ 285,000
Stride Bank, National Association
324 WEST BROADWAY AVENUE
ENID, OK 73701
* $ n/a 1 $ 245,000
Acrisure Mortgage, LLC
189 S ORANGE AVE STE 970
ORLANDO, FL 32801
* $ n/a 1 $ 295,000
Home Mortgage Alliance Corp (Hmac)
4 HUTTON CENTER DR. SUITE 500
SANTA ANA, CA 92707
* $ n/a 1 $ 225,000
Keystone Funding, Inc
519 S RED HAVEN LN
DOVER, DE 19901
* $ n/a 1 $ 275,000
Northcountry Federal Credit Union
PO BOX 64709
BURLINGTON, VT 05406
* $ n/a 1 $ 15,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ n/a 1 $ 325,000
Mld Mortgage, Inc.Dba the Money Store
30 B VREELAND ROAD
FLORHAM PARK, NJ 07932
* $ n/a 1 $ 705,000
Redwood Residential Acquisition Corporation
1 BELVEDERE PLACE
MILL VALLEY, CA 94951
* $ n/a 1 $ 305,000
Go Mortgage, LLC

COLUMBUS, OH 43219
* $ n/a 1 $ 225,000
Stifel Bank & Trust
501 NORTH BROADWAY
ST. LOUIS, MO 63102
* $ n/a 1 $ 325,000
Geneva Financial LLC
180 S ARIZONA AVE STE 310
CHANDLER, AZ 85225
* $ n/a 1 $ 165,000
Arc Home LLC

MOORESTOWN, NJ 08057
* $ n/a 1 $ 135,000
Union Bank
20 LOWER MAIN STREET PO BOX 667
MORRISVILLE, VT 05661
* $ n/a 1 $ 435,000
Farmers Bank & Trust
1017 HARRISON
GREAT BEND, KS 67530
* $ n/a 1 $ 475,000

The tables below break down 2024 mortgage applications in Franklin County, ME by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Franklin County, ME in 2024

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 568 $166,100,000 $292,000 $2,235,000 $190,000 $3,631,000
Cash-out Refinancing 145 $28,495,000 $196,000 $705,000 $100,000 $938,000
Home Improvement 113 $14,915,000 $131,000 $2,205,000 $127,000 $648,000
Other Purpose 93 $11,165,000 $120,000 $855,000 $166,000 $1,721,000
Refinancing 75 $17,645,000 $235,000 $1,055,000 $131,000 $883,000
Not Applicable 2 $280,000 $140,000 $205,000 $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 759 $180,955,000 $238,000 $2,235,000 $168,000 $3,631,000
Not Provided 113 $26,595,000 $235,000 $715,000 $140,000 $908,000
Not applicable 96 $26,470,000 $275,000 $2,205,000 $96,000 $179,000
Hispanic 11 $1,725,000 $156,000 $255,000 $124,000 $332,000
American Indian or Alaskan Native 7 $805,000 $115,000 $225,000 $79,000 $183,000
Asian 7 $1,505,000 $215,000 $555,000 $149,000 $455,000
Black or African American 3 $545,000 $181,000 $285,000 $73,000 $83,000
Native Hawaiian 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) 753 $179,615,000 $238,000 $2,235,000 $184,000 $3,631,000
FHA-insured (Federal Housing Administration) 140 $29,570,000 $211,000 $555,000 $71,000 $230,000
VA-guaranteed (Veterans Administration) 87 $26,445,000 $303,000 $1,055,000 $104,000 $588,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 16 $2,970,000 $185,000 $245,000 $60,000 $80,000

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 565 $139,695,000 $247,000 $2,235,000 $172,000 $1,496,000
Application Denied By Financial Institution 152 $29,400,000 $193,000 $1,365,000 $127,000 $2,554,000
Application Withdrawn By Applicant 145 $33,535,000 $231,000 $755,000 $167,000 $3,631,000
Loan Purchased By The Institution 79 $20,245,000 $256,000 $785,000 $93,000 $179,000
File Closed For Incompleteness 35 $9,815,000 $280,000 $2,205,000 $122,000 $608,000
Application Approved But Not Accepted 19 $5,545,000 $291,000 $955,000 $198,000 $1,721,000
Preapproval Denied by Financial Institution 1 $365,000 $365,000 $365,000 $153,000 $153,000
Preapproval Approved but not Accepted 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 778 $188,250,000 $241,000 $2,235,000 $163,000 $3,631,000
Debt-To-Income Ratio 125 $33,745,000 $269,000 $1,505,000 $165,000 $1,496,000
Collateral 36 $7,560,000 $210,000 $805,000 $129,000 $720,000
Credit History 20 $2,590,000 $129,000 $435,000 $104,000 $269,000
Credit Application Incomplete 19 $2,645,000 $139,000 $705,000 $186,000 $2,554,000
Other 12 $2,440,000 $203,000 $555,000 $275,000 $1,235,000
Insufficient Cash (Downpayment, Closing Cost) 3 $1,205,000 $401,000 $725,000 $189,000 $279,000
Unverifiable Information 2 $140,000 $70,000 $75,000 $50,000 $66,000
Employment History 1 $25,000 $25,000 $25,000 $79,000 $79,000
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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