Iowa County, WI Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 1,872 mortgage applications in Iowa County, WI totaling $330.0 million, up 67% from 2019. The average application was for $176,000, and applicants reported an average income of $96,000. 74% of applications resulted in an originated loan and 9% were denied. The most active lender was Farmers Savings Bank, with 341 applications, followed by The Peoples Community Bank and Summit Credit Union.

Looking for lender-specific data?
Download a formatted spreadsheet with aggregated HMDA statistics for all lenders based in Wisconsin.
Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

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 1,872
Total Mortgage Loan Application Amount $329,980,000
Average Mortgage Loan Application Amount $176,000
Highest Mortgage Loan Application Amount $1,965,000
Average Applicant Income $96,000
Highest Applicant Income $1,174,000

Mortgage Company List for Lending in Iowa County, WI for 2020

* 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
Farmers Savings Bank
305 DOTY ST
MINERAL POINT, WI 53565
* $ 316,572,000 341 $ 54,925,000
The Peoples Community Bank
222 W. COMMERCIAL ST., PO BOX 8
MAZOMANIE, WI 53560
* $ 300,778,000 177 $ 35,575,000
Summit Credit Union
PO BOX 8046
COTTAGE GROVE, WI 53527
* $ 3,689,604,000 147 $ 20,765,000
Mound City Bank
25 E PINE STREET
PLATTEVILLE, WI 53818
* $ 383,984,000 125 $ 24,355,000
Uw Credit Union
3500 UNIVERSITY AVE
MADISON, WI 53717
* $ 3,331,481,000 107 $ 15,495,000
Royal Bank
202 MAIN STREET
ELROY, WI 53929
* $ 468,037,000 83 $ 13,935,000
Dupaco Community Credit Union
PO BOX 179
DUBUQUE, IA 52004
* $ 1,888,189,000 61 $ 6,775,000
Heartland Credit Union
5325 HIGH CROSSING BLVD
MADISON, WI 53718
* $ 312,350,000 60 $ 10,300,000
Lake Ridge Bank
1205 MAIN STREET
MONONA, WI 53713
* $ 1,322,152,000 53 $ 9,315,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 38 $ 8,030,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 137,588,093,000 35 $ 4,975,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,712,919,000,000 34 $ 4,590,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 857,609,000 23 $ 2,825,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 21 $ 4,275,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ -1,000 18 $ 4,940,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ 20,311,535,000 18 $ 1,810,000
Woodford State Bank
403 WEST 8TH STREET, PO BOX 766
MONROE, WI 53566
* $ 254,520,000 18 $ 3,130,000
The Bank of New Glarus
501 FIRST STREET PO BOX 129
NEW GLARUS, WI 53574
* $ 317,438,000 16 $ 3,210,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 15 $ 2,405,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 14 $ 2,130,000
Dane County Credit Union
2160 RIMROCK ROAD
MADISON, WI 53713
* $ 191,057,000 14 $ 1,210,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 13 $ 2,985,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 32,343,129,000 13 $ 2,755,000
Prosperity Home Mortgage, LLC
14501 GEORGE CARTER WAY SUITE 300
CHANTILLY, VA 20151
* $ -1,000 12 $ 2,580,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 12 $ 2,350,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 11 $ 2,685,000
Thompson Kane & Company, Inc
8020 EXCELSIOR DRIVE SUITE 401
MADISON, WI 53717
* $ -1,000 11 $ 3,445,000
Cornerstone Home Lending, Inc.
1177 WEST LOOP SOUTH SUITE 200
HOUSTON, TX 77027
* $ -1,000 10 $ 2,050,000
Monona Bank
5515 MONONA DRIVE
MONONA, WI 53716
* $ 960,931,000 10 $ 3,540,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 9 $ 1,735,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 486,004,220,000 9 $ 2,265,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 9 $ 1,925,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ -1,000 9 $ 1,175,000
Midwestone Bank
102 SOUTH CLINTON STREET
IOWA CITY, IA 52240
* $ 4,645,441,000 9 $ 1,175,000
The Park Bank
1815 GREENWAY CROSS
MADISON, WI 53713
* $ 1,064,967,000 8 $ 2,090,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 8 $ 1,310,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 7 $ 1,135,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,445,435,000 6 $ 1,060,000
Parkside Lending, LLC
1130 HOWARD ST.
SAN FRANCISCO, CA 94103
* $ -1,000 6 $ 1,090,000
Landmark Credit Union
5445 S. WESTRIDGE DR.
BROOKFIELD, WI 53005
* $ 4,463,283,000 6 $ 500,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 5 $ 1,185,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 111,986,078,000 5 $ 1,225,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 112,384,202,000 5 $ 395,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 5 $ 1,085,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 88,826,789,000 4 $ 1,030,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,131,130,000 4 $ 910,000
Farmers & Merchants State Bank
210 W. MADISON ST.
WATERLOO, WI 53594
* $ 179,274,000 4 $ 520,000
Settlers Bank
4021 MERIDIAN DRIVE
WINDSOR, WI 53598
* $ 310,153,000 4 $ 1,570,000
One Community Bank
733 N MAIN ST
OREGON, WI 53575
* $ 619,951,000 4 $ 740,000
Bank Five Nine
155 W. WISCONSIN AVENUE
OCONOMOWOC, WI 53066
* $ 1,201,814,000 4 $ 1,100,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 4 $ 440,000
Nations Reliable Lending, LLC

HOUSTON, TX 77057
* $ -1,000 4 $ 360,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 4 $ 630,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 4 $ 830,000
Inlanta Mortgage, Inc.
W239 N3490 PEWAUKEE ROAD, STE.200
PEWAUKEE, WI 53072
* $ -1,000 4 $ 900,000
Flanagan State Bank
301 W FALCON HWY
FLANAGAN, IL 61740
* $ 191,043,000 4 $ 1,090,000
Capitol Bank
710 N. HIGH POINT ROAD
MADISON, WI 53717
* $ 399,653,000 3 $ 755,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 3 $ 435,000
Finance of America Mortgage LLC
300 WELSH ROAD BUILDING 5
WILMINGTON, DE 19044
* $ -1,000 3 $ 545,000
Johnson Bank
555 MAIN STREET SUITE 490
RACINE, WI 53403
* $ 5,209,882,000 3 $ 925,000
Hometown Bank
80 SHEBOYGAN ST
FOND DU LAC, WI 54935
* $ 490,588,000 3 $ 725,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 2,186,056,000 3 $ 685,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 165,742,416,000 3 $ 695,000
First National Bank and Trust
345 E GRAND AVE
BELOIT, WI 53511
* $ 1,170,113,000 3 $ 605,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 3 $ 335,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ -1,000 3 $ 585,000
Charles Schwab Bank, SSB

LONE TREE, CO 80124
* $ 216,654,000,000 3 $ 685,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 3 $ 285,000
Heritage Credit Union
1212 HUXLEY STREET
MADISON, WI 53704
* $ 389,447,000 3 $ 425,000
Blackhawk Community Credit Uni
PO BOX 5366
JANESVILLE, WI 53547
* $ 619,877,000 2 $ 610,000
Baraboo State Bank
101 THIRD AVENUE, PO BOX 50
BARABOO, WI 53913
* $ 386,472,000 2 $ 1,300,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ -1,000 2 $ 210,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 22,986,309,000 2 $ 250,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 461,256,000,000 2 $ 560,000
Co-Op Credit Union
100 E MAIN ST
BLACK RIVER FALLS, WI 54615
* $ 369,966,000 2 $ 170,000
Consumers Credit Union
1075 TRI STATE PARKWAY STE 850
GURNEE, IL 60031
* $ 1,332,601,000 2 $ 210,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 130,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 2 $ 2,160,000
Covantage Credit Union
723 6TH AVE, PO BOX 107
ANTIGO, WI 54409
* $ 1,905,407,000 2 $ 180,000
Great Midwest Bank SSB
15900 W BLUEMOUND RD
BROOKFIELD, WI 53005
* $ 847,794,000 2 $ 590,000
Ixonia Bank
W1046 MARIETTA AVE
IXONIA, WI 53036
* $ 389,451,000 2 $ 540,000
Goodleap, LLC
8781 SIERRA COLLEGE BLVD
ROSEVILLE, CA 95661
* $ -1,000 2 $ 440,000
Bremer Bank NA
372 SAINT PETER STREET
SAINT PAUL, MN 55102
* $ 13,105,582,000 2 $ 320,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 2 $ 560,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 2 $ 420,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ -1,000 2 $ 290,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,852,983,000,000 2 $ 760,000
Texas Capital Bank, National Association
2000 MCKINNEY AVE SUITE 700
DALLAS, TX 75201
* $ 32,529,274,000 2 $ 260,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 2 $ 480,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 2 $ 760,000
Flagstar Bank NA

TROY, MI 49098
* $ 23,234,514,000 2 $ 270,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 2 $ 460,000
Educators Credit Union
1326 WILLOW RD
MOUNT PLEASANT, WI 53177
* $ 2,171,954,000 2 $ 390,000
Evolve Bank & Trust
6000 POPLAR AVENUE SUITE 300
MEMPHIS, TN 38119
* $ 451,290,000 2 $ 300,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 2 $ 610,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 2 $ 420,000
Luana Savings Bank
100 HARVEST DRIVE
LUANA, IA 52156
* $ 1,523,369,000 2 $ 180,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 2 $ 520,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,337,646,000,000 2 $ 930,000
Ally Bank

CHARLOTTE, NC 28202
* $ 167,492,000,000 2 $ 310,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 1 $ 385,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 1 $ 75,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ -1,000 1 $ 185,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 1 $ 55,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 313,272,000 1 $ 85,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ -1,000 1 $ 115,000
Westconsin Credit Union
444 BROADWAY
MENOMONIE, WI 54751
* $ 1,336,372,000 1 $ 195,000
Farmers & Merchants Union Bank
159 W JAMES ST PO BOX 226
COLUMBUS, WI 53925
* $ 398,310,000 1 $ 195,000
Starion Bank
109 1ST STREET NW
MANDAN, ND 58554
* $ 1,376,396,000 1 $ 505,000
Thrivent Federal Credit Union

SHAKOPEE, MN 55379
* $ 629,553,000 1 $ 65,000
A+ Mortgage Services, Inc.
W188S7820 RACINE AVE SUITE 100
MUSKEGO, WI 53150
* $ -1,000 1 $ 195,000
Community Savings Bank
PO BOX 77
EDGEWOOD, IA 52402
* $ 427,106,000 1 $ 155,000
Bank CMG
8020 EXCELSIOR DR STE 100
MADISON, WI 53717
* $ 313,661,000 1 $ 185,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 1 $ 235,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 1 $ 155,000
Oak Bank
5951 MCKEE ROAD STE 100
FITCHBURG, WI 53719
* $ 321,362,000 1 $ 315,000
Bank of Deerfield
15 S. MAIN ST., PO BOX 85
DEERFIELD, WI 53531
* $ 161,097,000 1 $ 485,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ -1,000 1 $ 245,000
Prevail Bank
675 E BROADWAY AVE
MEDFORD, WI 54451
* $ 808,158,000 1 $ 665,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 2,177,570,000 1 $ 115,000
National Exchange Bank and Trust
130 SOUTH MAIN STREET
FOND DU LAC, WI 54936
* $ 1,903,675,000 1 $ 255,000
Great Lakes Credit Union
2525 GREEN BAY
BANNOCKBURN, IL 60015
* $ 886,238,000 1 $ 15,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ -1,000 1 $ 145,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,432,105,000 1 $ 105,000
Georgia Banking Company
6190 POWERS FERRY ROAD, SUITE 150
ATLANTA, GA 30309
* $ 474,830,000 1 $ 95,000
Bank of Sun Prairie
228 E MAIN ST
SUN PRAIRIE, WI 53590
* $ 440,454,000 1 $ 205,000
Accunet Mortgage LLC
13000 W SILVER SPRING DR.
WAUKESHA, WI 53188
* $ -1,000 1 $ 145,000
The Equitable Bank SSB
2290 NORTH MAYFAIR ROAD
WAUWATOSA, WI 53226
* $ 301,393,000 1 $ 335,000
Town Bank, N.A.

ROSEMONT, IL 60018
* $ 2,416,857,000 1 $ 35,000
Dmb Community Bank
321 N MAIN ST
DEFOREST, WI 53532
* $ 491,455,000 1 $ 205,000
American National Bank Fox Cities
2200 N RICHMOND ST
APPLETON, WI 54911
* $ 301,912,000 1 $ 275,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 4,348,222,000 1 $ 115,000
The Northern Trust Co
50 S. LA SALLE
CHICAGO, IL 60603
* $ 135,885,433,000 1 $ 755,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 24,774,361,000 1 $ 375,000
Guaranty Home Mortgage Corporation
316 ROBERT ROSE DRIVE
NASHVILLE, TN 37129
* $ -1,000 1 $ 225,000
City National Bank
555 S FLOWER ST
LOS ANGELES, CA 90071
* $ 61,390,143,000 1 $ 555,000
North Shore Bank FSB
15700 WEST BLUEMOUND ROAD
BROOKFIELD, WI 53005
* $ 2,048,238,000 1 $ 55,000
Premierbank
100 SHERMAN AVE E
FORT ATKINSON, WI 53538
* $ 422,772,000 1 $ 285,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 1 $ 135,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ -1,000 1 $ 115,000
Royal Credit Union
200 RIVERFRONT TERRACE
EAU CLAIRE, WI 54702
* $ 2,837,926,000 1 $ 145,000
Keller Mortgage, LLC

AUSTIN, TX 78746
* $ -1,000 1 $ 275,000

The tables below break down 2020 mortgage applications in Iowa County, WI by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Iowa County, WI 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 889 $161,275,000 $181,000 $1,965,000 $99,000 $1,117,000
Home Purchase 428 $87,610,000 $204,000 $1,155,000 $91,000 $1,174,000
Cash-out Refinancing 416 $71,580,000 $172,000 $605,000 $99,000 $533,000
Other Purpose 72 $5,100,000 $70,000 $735,000 $88,000 $274,000
Home Improvement 56 $3,390,000 $60,000 $305,000 $86,000 $243,000
Not Applicable 11 $1,025,000 $93,000 $165,000 $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 1,649 $288,385,000 $174,000 $1,965,000 $96,000 $1,117,000
Not Provided 143 $26,105,000 $182,000 $1,155,000 $101,000 $1,174,000
Not applicable 50 $10,210,000 $204,000 $755,000 $82,000 $82,000
Hispanic 12 $1,810,000 $150,000 $255,000 $76,000 $151,000
American Indian or Alaskan Native 8 $1,390,000 $173,000 $335,000 $93,000 $129,000
Asian 6 $1,630,000 $271,000 $505,000 $85,000 $135,000
Black or African American 3 $345,000 $115,000 $155,000 $60,000 $86,000
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) 1,701 $297,925,000 $175,000 $1,965,000 $98,000 $1,174,000
FHA-insured (Federal Housing Administration) 68 $9,690,000 $142,000 $335,000 $53,000 $135,000
VA-guaranteed (Veterans Administration) 63 $16,175,000 $256,000 $755,000 $91,000 $344,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $6,190,000 $154,000 $275,000 $55,000 $83,000

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 1,388 $249,900,000 $180,000 $1,155,000 $100,000 $1,174,000
Application Denied By Financial Institution 167 $22,465,000 $134,000 $1,285,000 $70,000 $305,000
Application Withdrawn By Applicant 138 $23,730,000 $171,000 $615,000 $88,000 $533,000
Application Approved But Not Accepted 88 $16,580,000 $188,000 $1,005,000 $104,000 $467,000
File Closed For Incompleteness 44 $8,870,000 $201,000 $1,965,000 $91,000 $706,000
Loan Purchased By The Institution 42 $7,870,000 $187,000 $755,000 $92,000 $135,000
Preapproval Approved but not Accepted 4 $440,000 $110,000 $205,000 $85,000 $127,000
Preapproval Denied by Financial Institution 1 $125,000 $125,000 $125,000 $76,000 $76,000

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
Not applicable 1,052 $186,230,000 $177,000 $1,965,000 $95,000 $1,117,000
Debt-To-Income Ratio 730 $132,710,000 $181,000 $1,285,000 $100,000 $1,174,000
Credit History 43 $4,385,000 $101,000 $235,000 $80,000 $305,000
Collateral 22 $2,560,000 $116,000 $335,000 $77,000 $132,000
Credit Application Incomplete 9 $1,375,000 $152,000 $225,000 $89,000 $156,000
Other 6 $900,000 $150,000 $235,000 $73,000 $129,000
Unverifiable Information 5 $925,000 $185,000 $365,000 $77,000 $160,000
Employment History 3 $455,000 $151,000 $225,000 $44,000 $48,000
Insufficient Cash (Downpayment, Closing Cost) 2 $440,000 $220,000 $335,000 $82,000 $118,000
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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