Hawaii
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 57,857
Total Mortgage Loan Application Amount $25,175,422,000
Average Mortgage Loan Application Amount $435,000
Highest Mortgage Loan Application Amount $74,900,000
Average Applicant Income $120,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Hawaii 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 32,908 $14,064,588,000 $427,000 $32,400,000 $104,000 $9,999,000
Home Purchase 20,289 $10,035,821,000 $494,000 $74,900,000 $145,000 $9,999,000
Home Improvement 4,660 $1,075,013,000 $230,000 $20,000,000 $121,000 $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
Asian 19,245 $7,824,867,000 $406,000 $32,400,000 $120,000 $9,999,000
White 18,107 $8,346,429,000 $460,000 $8,400,000 $147,000 $9,999,000
Not Provided 7,158 $3,164,211,000 $442,000 $8,625,000 $139,000 $9,999,000
Native Hawaiin or Other Pacific Islander 6,114 $2,160,729,000 $353,000 $3,760,000 $90,000 $4,647,000
Not applicable 3,415 $2,081,534,000 $609,000 $74,900,000 $10,000 $2,893,000
Hispanic 2,246 $914,020,000 $406,000 $2,348,000 $97,000 $4,451,000
Black or African American 1,165 $523,500,000 $449,000 $1,609,000 $83,000 $997,000
American Indian or Alaskan Native 407 $160,132,000 $393,000 $3,320,000 $113,000 $2,698,000

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) 40,813 $17,055,828,000 $417,000 $74,900,000 $144,000 $9,999,000
VA-guaranteed (Veterans Administration) 12,920 $6,568,562,000 $508,000 $2,461,000 $57,000 $2,405,000
FHA-insured (Federal Housing Administration) 3,260 $1,252,498,000 $384,000 $1,200,000 $74,000 $5,000,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 864 $298,534,000 $345,000 $733,000 $66,000 $288,000

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 32,822 $14,611,210,000 $445,000 $32,400,000 $132,000 $9,999,000
Application Denied By Financial Institution 9,199 $3,523,753,000 $383,000 $11,200,000 $109,000 $6,859,000
Application Withdrawn By Applicant 6,926 $3,018,043,000 $435,000 $16,000,000 $133,000 $9,999,000
Loan Purchased By The Institution 5,386 $2,537,863,000 $471,000 $74,900,000 $43,000 $1,164,000
File Closed For Incompleteness 2,242 $969,457,000 $432,000 $7,200,000 $115,000 $2,405,000
Application Approved But Not Accepted 1,281 $514,611,000 $401,000 $10,000,000 $130,000 $9,999,000
Preapproval Approved but not Accepted 1 $485,000 $485,000 $485,000 $139,000 $139,000
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
Debt-To-Income Ratio 1,322 $579,270,000 $438,000 $11,200,000 $97,000 $4,737,000
Collateral 899 $361,806,000 $402,000 $4,300,000 $153,000 $2,847,000
Credit History 773 $272,353,000 $352,000 $3,300,000 $118,000 $4,248,000
Credit Application Incomplete 613 $232,320,000 $378,000 $4,000,000 $111,000 $1,540,000
Other 559 $222,312,000 $397,000 $2,875,000 $136,000 $2,737,000
Unverifiable Information 258 $124,556,000 $482,000 $8,625,000 $185,000 $6,859,000
Insufficient Cash (Downpayment, Closing Cost) 104 $52,425,000 $504,000 $2,450,000 $172,000 $2,116,000
Employment History 46 $17,489,000 $380,000 $1,500,000 $110,000 $1,200,000
Mortgage Insurance Denied 1 $389,000 $389,000 $389,000 $101,000 $101,000
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Mortgage Loan Application Totals in 2016 by Hawaii 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
KAHULUI-WAILUKU-LAHAINA, HI 6,918 $ 3,155,804,000 $ 456,000 $ 146,000
URBAN HONOLULU, HI 40,989 $ 18,383,541,000 $ 448,000 $ 113,000
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Mortgage Loan Application Totals in 2016 by Hawaii County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Hawaii 7,251 $ 2,503,524,000 $ 345,000 $ 125,000
Honolulu 40,991 $ 18,384,043,000 $ 448,000 $ 113,000
Kalawao n/a $ n/a $ n/a $ n/a
Kauai 2,672 $ 1,123,784,000 $ 420,000 $ 137,000
Maui 6,922 $ 3,156,743,000 $ 456,000 $ 146,000
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