Indiana
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 319,123
Total Mortgage Loan Application Amount $48,137,107,000
Average Mortgage Loan Application Amount $150,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $71,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Indiana 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 150,173 $23,814,770,000 $158,000 $70,000,000 $69,000 $9,999,000
Refinancing 145,186 $22,677,940,000 $156,000 $99,999,000 $72,000 $9,139,000
Home Improvement 23,764 $1,644,397,000 $69,000 $17,775,000 $75,000 $7,870,000

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 235,475 $34,075,981,000 $144,000 $99,999,000 $77,000 $9,999,000
Not applicable 30,828 $6,191,913,000 $200,000 $70,000,000 $12,000 $2,482,000
Not Provided 20,693 $3,225,868,000 $155,000 $49,600,000 $92,000 $9,139,000
Black or African American 14,101 $1,886,087,000 $133,000 $10,000,000 $57,000 $3,766,000
Hispanic 10,616 $1,408,311,000 $132,000 $77,950,000 $59,000 $1,969,000
Asian 5,574 $1,026,134,000 $184,000 $1,575,000 $97,000 $2,696,000
American Indian or Alaskan Native 1,393 $252,477,000 $181,000 $20,000,000 $108,000 $3,069,000
Native Hawaiin or Other Pacific Islander 443 $70,336,000 $158,000 $1,470,000 $78,000 $825,000

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) 202,704 $32,108,122,000 $158,000 $99,999,000 $89,000 $9,999,000
FHA-insured (Federal Housing Administration) 78,745 $10,279,647,000 $130,000 $20,175,000 $39,000 $3,766,000
VA-guaranteed (Veterans Administration) 26,781 $4,524,477,000 $168,000 $1,231,000 $47,000 $1,536,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10,893 $1,224,861,000 $112,000 $1,400,000 $33,000 $1,675,000

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 172,307 $27,586,179,000 $160,000 $86,000,000 $82,000 $8,660,000
Application Denied By Financial Institution 54,780 $6,919,703,000 $126,000 $99,999,000 $66,000 $7,870,000
Loan Purchased By The Institution 43,073 $6,212,715,000 $144,000 $1,485,000 $32,000 $2,607,000
Application Withdrawn By Applicant 28,152 $4,494,385,000 $159,000 $99,999,000 $76,000 $9,139,000
File Closed For Incompleteness 10,834 $1,483,176,000 $136,000 $2,300,000 $62,000 $9,999,000
Application Approved But Not Accepted 9,963 $1,439,522,000 $144,000 $6,616,000 $78,000 $6,300,000
Preapproval Denied by Financial Institution 14 $1,427,000 $101,000 $184,000 $40,000 $64,000
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
Credit History 10,054 $820,934,000 $81,000 $9,000,000 $65,000 $2,600,000
Collateral 5,838 $767,625,000 $131,000 $2,220,000 $78,000 $7,870,000
Debt-To-Income Ratio 5,563 $669,344,000 $120,000 $2,000,000 $49,000 $1,847,000
Credit Application Incomplete 3,159 $449,315,000 $142,000 $7,650,000 $78,000 $2,207,000
Other 2,313 $348,415,000 $150,000 $40,000,000 $69,000 $1,874,000
Unverifiable Information 715 $92,462,000 $129,000 $751,000 $73,000 $833,000
Insufficient Cash (Downpayment, Closing Cost) 605 $81,013,000 $133,000 $2,000,000 $65,000 $1,123,000
Employment History 442 $49,652,000 $112,000 $409,000 $49,000 $257,000
Mortgage Insurance Denied 23 $2,726,000 $118,000 $437,000 $65,000 $165,000
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Mortgage Loan Application Totals in 2016 by Indiana 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
BLOOMINGTON, IN 6,560 $ 1,104,549,000 $ 168,000 $ 78,000
COLUMBUS, IN 4,226 $ 744,961,000 $ 176,000 $ 80,000
ELKHART-GOSHEN, IN 8,363 $ 1,110,003,000 $ 132,000 $ 64,000
EVANSVILLE, IN-KY 14,238 $ 1,833,176,000 $ 128,000 $ 64,000
FORT WAYNE, IN 21,790 $ 2,915,113,000 $ 133,000 $ 64,000
GARY, IN 36,010 $ 5,820,214,000 $ 161,000 $ 68,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 114,536 $ 20,092,748,000 $ 175,000 $ 80,000
KOKOMO, IN 3,744 $ 403,293,000 $ 107,000 $ 60,000
LAFAYETTE-WEST LAFAYETTE, IN 9,043 $ 1,320,272,000 $ 145,000 $ 70,000
MICHIGAN CITY-LA PORTE, IN 4,876 $ 675,647,000 $ 138,000 $ 74,000
MUNCIE, IN 3,863 $ 419,260,000 $ 108,000 $ 60,000
SOUTH BEND-MISHAWAKA, IN-MI 10,392 $ 1,433,026,000 $ 137,000 $ 71,000
TERRE HAUTE, IN 6,176 $ 638,888,000 $ 103,000 $ 61,000
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Mortgage Loan Application Totals in 2016 by Indiana County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 1,190 $ 131,067,000 $ 110,000 $ 51,000
Allen 18,704 $ 2,520,121,000 $ 134,000 $ 65,000
Bartholomew 4,227 $ 745,054,000 $ 176,000 $ 80,000
Benton 311 $ 27,229,000 $ 87,000 $ 58,000
Blackford 339 $ 30,255,000 $ 89,000 $ 49,000
Boone 4,564 $ 1,112,710,000 $ 243,000 $ 117,000
Brown 1,099 $ 175,354,000 $ 159,000 $ 90,000
Carroll 1,021 $ 118,971,000 $ 116,000 $ 68,000
Cass 1,024 $ 93,760,000 $ 91,000 $ 55,000
Clark 6,763 $ 940,059,000 $ 139,000 $ 58,000
Clay 1,048 $ 109,928,000 $ 104,000 $ 60,000
Clinton 1,245 $ 133,122,000 $ 106,000 $ 55,000
Crawford 383 $ 38,624,000 $ 100,000 $ 52,000
Daviess 922 $ 116,104,000 $ 125,000 $ 64,000
Dearborn 2,821 $ 406,273,000 $ 144,000 $ 67,000
Decatur 919 $ 182,121,000 $ 198,000 $ 83,000
DeKalb 2,249 $ 271,118,000 $ 120,000 $ 57,000
Delaware 3,876 $ 420,208,000 $ 108,000 $ 60,000
Dubois 1,104 $ 153,342,000 $ 138,000 $ 60,000
Elkhart 8,425 $ 1,112,974,000 $ 132,000 $ 64,000
Fayette 804 $ 71,803,000 $ 89,000 $ 63,000
Floyd 4,452 $ 693,640,000 $ 155,000 $ 69,000
Fountain 536 $ 50,072,000 $ 93,000 $ 60,000
Franklin 994 $ 133,211,000 $ 134,000 $ 71,000
Fulton 682 $ 76,659,000 $ 112,000 $ 73,000
Gibson 1,607 $ 175,866,000 $ 109,000 $ 60,000
Grant 1,860 $ 190,134,000 $ 102,000 $ 59,000
Greene 1,233 $ 124,138,000 $ 100,000 $ 55,000
Hamilton 24,691 $ 5,944,301,000 $ 240,000 $ 110,000
Hancock 5,302 $ 873,821,000 $ 164,000 $ 71,000
Harrison 2,097 $ 284,290,000 $ 135,000 $ 55,000
Hendricks 11,451 $ 2,074,321,000 $ 181,000 $ 75,000
Henry 1,771 $ 185,101,000 $ 104,000 $ 62,000
Howard 3,745 $ 403,528,000 $ 107,000 $ 60,000
Huntington 1,434 $ 171,384,000 $ 119,000 $ 54,000
Jackson 1,890 $ 311,170,000 $ 164,000 $ 57,000
Jasper 1,686 $ 234,814,000 $ 139,000 $ 63,000
Jay 609 $ 64,303,000 $ 105,000 $ 64,000
Jefferson 1,414 $ 168,232,000 $ 118,000 $ 62,000
Jennings 1,133 $ 119,301,000 $ 105,000 $ 56,000
Johnson 10,308 $ 1,703,775,000 $ 165,000 $ 72,000
Knox 1,273 $ 131,847,000 $ 103,000 $ 66,000
Kosciusko 3,670 $ 573,894,000 $ 156,000 $ 78,000
LaGrange 1,518 $ 242,614,000 $ 159,000 $ 76,000
Lake 23,422 $ 3,580,460,000 $ 152,000 $ 65,000
LaPorte 4,882 $ 676,114,000 $ 138,000 $ 74,000
Lawrence 1,577 $ 254,757,000 $ 161,000 $ 50,000
Madison 5,288 $ 537,205,000 $ 101,000 $ 55,000
Marion 43,408 $ 6,528,499,000 $ 150,000 $ 68,000
Marshall 1,823 $ 248,999,000 $ 136,000 $ 75,000
Martin 334 $ 36,246,000 $ 108,000 $ 60,000
Miami 965 $ 104,832,000 $ 108,000 $ 64,000
Monroe 5,543 $ 998,080,000 $ 180,000 $ 82,000
Montgomery 1,703 $ 205,128,000 $ 120,000 $ 59,000
Morgan 4,474 $ 641,587,000 $ 143,000 $ 65,000
Newton 710 $ 79,650,000 $ 112,000 $ 53,000
Noble 2,060 $ 263,068,000 $ 127,000 $ 65,000
Ohio 329 $ 39,076,000 $ 118,000 $ 62,000
Orange 440 $ 51,162,000 $ 116,000 $ 53,000
Owen 1,023 $ 107,034,000 $ 104,000 $ 55,000
Parke 625 $ 64,704,000 $ 103,000 $ 69,000
Perry 626 $ 65,120,000 $ 104,000 $ 48,000
Pike 502 $ 48,909,000 $ 97,000 $ 55,000
Porter 10,211 $ 1,927,963,000 $ 188,000 $ 76,000
Posey 1,262 $ 156,723,000 $ 124,000 $ 69,000
Pulaski 395 $ 40,078,000 $ 101,000 $ 61,000
Putnam 1,944 $ 250,516,000 $ 128,000 $ 71,000
Randolph 964 $ 87,661,000 $ 90,000 $ 65,000
Ripley 1,093 $ 137,468,000 $ 125,000 $ 67,000
Rush 589 $ 59,275,000 $ 100,000 $ 58,000
Scott 903 $ 96,629,000 $ 107,000 $ 56,000
Shelby 2,128 $ 264,256,000 $ 124,000 $ 63,000
Spencer 692 $ 74,322,000 $ 107,000 $ 53,000
St. Joseph 10,422 $ 1,435,263,000 $ 137,000 $ 71,000
Starke 1,028 $ 114,468,000 $ 111,000 $ 76,000
Steuben 1,927 $ 298,249,000 $ 154,000 $ 89,000
Sullivan 704 $ 63,597,000 $ 90,000 $ 58,000
Switzerland 464 $ 45,571,000 $ 98,000 $ 58,000
Tippecanoe 7,903 $ 1,207,659,000 $ 152,000 $ 71,000
Tipton 614 $ 70,116,000 $ 114,000 $ 72,000
Union 330 $ 31,792,000 $ 96,000 $ 67,000
Vanderburgh 9,078 $ 1,073,634,000 $ 118,000 $ 60,000
Vermillion 606 $ 49,003,000 $ 80,000 $ 61,000
Vigo 3,818 $ 416,360,000 $ 109,000 $ 62,000
Wabash 939 $ 99,616,000 $ 106,000 $ 58,000
Warren 358 $ 38,204,000 $ 106,000 $ 82,000
Warrick 3,926 $ 604,162,000 $ 153,000 $ 74,000
Washington 1,318 $ 143,121,000 $ 108,000 $ 58,000
Wayne 2,310 $ 243,467,000 $ 105,000 $ 60,000
Wells 1,339 $ 167,580,000 $ 125,000 $ 59,000
White 1,341 $ 167,141,000 $ 124,000 $ 71,000
Whitley 1,834 $ 236,884,000 $ 129,000 $ 64,000
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