Iowa
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 149,227
Total Mortgage Loan Application Amount $22,947,191,000
Average Mortgage Loan Application Amount $153,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $78,000
Highest Applicant Income $8,000,000
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Mortgage Loan Application Detail Totals for Iowa 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 71,082 $11,418,512,000 $160,000 $99,999,000 $72,000 $5,408,000
Refinancing 66,732 $10,860,039,000 $162,000 $99,999,000 $83,000 $8,000,000
Home Improvement 11,413 $668,640,000 $58,000 $12,338,000 $77,000 $6,200,000

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 113,364 $16,488,102,000 $145,000 $99,999,000 $86,000 $8,000,000
Not applicable 16,592 $3,780,829,000 $227,000 $39,000,000 $21,000 $1,279,000
Not Provided 10,094 $1,486,192,000 $147,000 $99,999,000 $82,000 $5,161,000
Hispanic 4,091 $454,179,000 $111,000 $1,000,000 $61,000 $1,560,000
Asian 2,501 $417,786,000 $167,000 $1,216,000 $92,000 $6,000,000
Black or African American 2,024 $249,128,000 $123,000 $600,000 $64,000 $1,894,000
American Indian or Alaskan Native 371 $45,388,000 $122,000 $445,000 $61,000 $354,000
Native Hawaiin or Other Pacific Islander 190 $25,587,000 $134,000 $416,000 $75,000 $660,000

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) 117,202 $18,305,842,000 $156,000 $99,999,000 $87,000 $8,000,000
FHA-insured (Federal Housing Administration) 18,605 $2,480,379,000 $133,000 $99,999,000 $43,000 $1,985,000
VA-guaranteed (Veterans Administration) 9,493 $1,706,659,000 $179,000 $918,000 $51,000 $1,560,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,927 $454,311,000 $115,000 $1,399,000 $42,000 $3,304,000

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 90,932 $14,093,430,000 $154,000 $27,066,000 $86,000 $6,200,000
Application Denied By Financial Institution 20,116 $2,540,771,000 $126,000 $99,999,000 $66,000 $6,000,000
Loan Purchased By The Institution 18,842 $3,254,161,000 $172,000 $3,100,000 $46,000 $1,648,000
Application Withdrawn By Applicant 12,059 $1,895,296,000 $157,000 $99,999,000 $80,000 $8,000,000
Application Approved But Not Accepted 4,271 $654,503,000 $153,000 $14,800,000 $83,000 $3,268,000
File Closed For Incompleteness 3,006 $508,996,000 $169,000 $99,999,000 $69,000 $4,885,000
Preapproval Denied by Financial Institution 1 $34,000 $34,000 $34,000 $42,000 $42,000
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 3,866 $313,557,000 $81,000 $895,000 $62,000 $1,947,000
Debt-To-Income Ratio 2,505 $315,100,000 $125,000 $5,800,000 $50,000 $699,000
Collateral 1,805 $254,996,000 $141,000 $10,975,000 $80,000 $1,356,000
Credit Application Incomplete 1,512 $206,176,000 $136,000 $1,500,000 $75,000 $749,000
Other 860 $91,162,000 $106,000 $595,000 $60,000 $708,000
Unverifiable Information 255 $33,345,000 $130,000 $712,000 $77,000 $480,000
Employment History 242 $28,010,000 $115,000 $608,000 $46,000 $281,000
Insufficient Cash (Downpayment, Closing Cost) 227 $29,913,000 $131,000 $3,625,000 $59,000 $530,000
Mortgage Insurance Denied 7 $554,000 $79,000 $293,000 $65,000 $123,000
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Mortgage Loan Application Totals in 2016 by Iowa 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
AMES, IA 3,783 $ 720,547,000 $ 190,000 $ 85,000
CEDAR RAPIDS, IA 16,976 $ 2,370,077,000 $ 139,000 $ 73,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 9,803 $ 1,561,266,000 $ 159,000 $ 79,000
DES MOINES-WEST DES MOINES, IA 43,574 $ 8,215,700,000 $ 188,000 $ 86,000
DUBUQUE, IA 4,420 $ 655,595,000 $ 148,000 $ 75,000
IOWA CITY, IA 9,667 $ 1,767,002,000 $ 182,000 $ 89,000
SIOUX CITY, IA-NE-SD 5,165 $ 634,856,000 $ 122,000 $ 72,000
WATERLOO-CEDAR FALLS, IA 9,531 $ 1,248,405,000 $ 130,000 $ 71,000
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Mortgage Loan Application Totals in 2016 by Iowa County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adair 216 $ 25,698,000 $ 118,000 $ 75,000
Adams 83 $ 9,925,000 $ 119,000 $ 100,000
Allamakee 399 $ 51,344,000 $ 128,000 $ 73,000
Appanoose 349 $ 32,151,000 $ 92,000 $ 62,000
Audubon 88 $ 9,018,000 $ 102,000 $ 55,000
Benton 1,366 $ 172,883,000 $ 126,000 $ 66,000
Black Hawk 7,275 $ 957,923,000 $ 131,000 $ 70,000
Boone 1,300 $ 171,302,000 $ 131,000 $ 69,000
Bremer 1,552 $ 208,531,000 $ 134,000 $ 79,000
Buchanan 1,068 $ 123,604,000 $ 115,000 $ 73,000
Buena Vista 446 $ 46,347,000 $ 103,000 $ 69,000
Butler 663 $ 68,188,000 $ 102,000 $ 63,000
Calhoun 251 $ 28,161,000 $ 112,000 $ 116,000
Carroll 520 $ 69,881,000 $ 134,000 $ 79,000
Cass 397 $ 46,660,000 $ 117,000 $ 100,000
Cedar 881 $ 113,743,000 $ 129,000 $ 64,000
Cerro Gordo 995 $ 134,690,000 $ 135,000 $ 78,000
Cherokee 238 $ 28,107,000 $ 118,000 $ 66,000
Chickasaw 377 $ 37,706,000 $ 100,000 $ 66,000
Clarke 348 $ 42,893,000 $ 123,000 $ 64,000
Clay 505 $ 59,019,000 $ 116,000 $ 63,000
Clayton 624 $ 78,548,000 $ 125,000 $ 95,000
Clinton 1,562 $ 202,365,000 $ 129,000 $ 63,000
Crawford 536 $ 57,915,000 $ 108,000 $ 100,000
Dallas 7,694 $ 1,781,115,000 $ 231,000 $ 104,000
Davis 195 $ 21,977,000 $ 112,000 $ 62,000
Decatur 168 $ 21,428,000 $ 127,000 $ 73,000
Delaware 823 $ 108,937,000 $ 132,000 $ 88,000
Des Moines 1,331 $ 165,938,000 $ 124,000 $ 67,000
Dickinson 1,108 $ 231,404,000 $ 208,000 $ 125,000
Dubuque 4,425 $ 656,433,000 $ 148,000 $ 75,000
Emmet 187 $ 18,544,000 $ 99,000 $ 62,000
Fayette 680 $ 80,299,000 $ 118,000 $ 67,000
Floyd 219 $ 21,808,000 $ 99,000 $ 63,000
Franklin 157 $ 20,815,000 $ 132,000 $ 94,000
Fremont 262 $ 27,730,000 $ 105,000 $ 53,000
Greene 251 $ 20,994,000 $ 83,000 $ 64,000
Grundy 705 $ 82,018,000 $ 116,000 $ 68,000
Guthrie 556 $ 85,678,000 $ 154,000 $ 118,000
Hamilton 406 $ 45,189,000 $ 111,000 $ 68,000
Hancock 248 $ 26,024,000 $ 104,000 $ 62,000
Hardin 484 $ 44,170,000 $ 91,000 $ 64,000
Harrison 651 $ 75,551,000 $ 116,000 $ 77,000
Henry 579 $ 68,181,000 $ 117,000 $ 64,000
Howard 69 $ 5,843,000 $ 84,000 $ 63,000
Humboldt 362 $ 45,782,000 $ 126,000 $ 73,000
Ida 218 $ 21,502,000 $ 98,000 $ 108,000
Iowa 763 $ 97,954,000 $ 128,000 $ 72,000
Jackson 555 $ 65,973,000 $ 118,000 $ 74,000
Jasper 1,727 $ 207,440,000 $ 120,000 $ 61,000
Jefferson 483 $ 51,657,000 $ 106,000 $ 66,000
Johnson 8,361 $ 1,608,046,000 $ 192,000 $ 93,000
Jones 1,072 $ 141,128,000 $ 131,000 $ 82,000
Keokuk 240 $ 21,448,000 $ 89,000 $ 58,000
Kossuth 373 $ 44,013,000 $ 117,000 $ 69,000
Lee 581 $ 59,844,000 $ 103,000 $ 65,000
Linn 14,543 $ 2,056,762,000 $ 141,000 $ 73,000
Louisa 296 $ 26,104,000 $ 88,000 $ 54,000
Lucas 406 $ 35,934,000 $ 88,000 $ 56,000
Lyon 305 $ 43,531,000 $ 142,000 $ 67,000
Madison 960 $ 165,170,000 $ 172,000 $ 88,000
Mahaska 765 $ 78,510,000 $ 102,000 $ 65,000
Marion 1,355 $ 196,934,000 $ 145,000 $ 73,000
Marshall 1,315 $ 148,345,000 $ 112,000 $ 57,000
Mills 800 $ 134,632,000 $ 168,000 $ 78,000
Mitchell 106 $ 12,115,000 $ 114,000 $ 58,000
Monona 329 $ 31,517,000 $ 95,000 $ 103,000
Monroe 165 $ 17,935,000 $ 108,000 $ 70,000
Montgomery 345 $ 30,525,000 $ 88,000 $ 60,000
Muscatine 1,577 $ 199,381,000 $ 126,000 $ 65,000
O'Brien 241 $ 24,982,000 $ 103,000 $ 64,000
Osceola 98 $ 9,408,000 $ 96,000 $ 57,000
Page 327 $ 37,536,000 $ 114,000 $ 61,000
Palo Alto 188 $ 23,716,000 $ 126,000 $ 103,000
Plymouth 1,143 $ 172,674,000 $ 151,000 $ 86,000
Pocahontas 121 $ 9,616,000 $ 79,000 $ 60,000
Polk 30,830 $ 5,570,156,000 $ 180,000 $ 81,000
Pottawattamie 4,839 $ 637,960,000 $ 131,000 $ 66,000
Poweshiek 672 $ 92,056,000 $ 136,000 $ 81,000
Ringgold 145 $ 26,072,000 $ 179,000 $ 111,000
Sac 246 $ 22,408,000 $ 91,000 $ 118,000
Scott 9,811 $ 1,563,493,000 $ 159,000 $ 79,000
Shelby 335 $ 139,462,000 $ 416,000 $ 62,000
Sioux 718 $ 101,340,000 $ 141,000 $ 80,000
Story 3,790 $ 720,986,000 $ 190,000 $ 85,000
Tama 523 $ 55,102,000 $ 105,000 $ 70,000
Taylor 120 $ 12,468,000 $ 103,000 $ 116,000
Union 259 $ 26,224,000 $ 101,000 $ 66,000
Van Buren 142 $ 15,166,000 $ 106,000 $ 69,000
Wapello 962 $ 85,678,000 $ 89,000 $ 60,000
Warren 3,562 $ 615,584,000 $ 172,000 $ 81,000
Washington 1,324 $ 160,102,000 $ 120,000 $ 67,000
Wayne 137 $ 12,753,000 $ 93,000 $ 61,000
Webster 1,106 $ 111,940,000 $ 101,000 $ 58,000
Winnebago 280 $ 29,132,000 $ 104,000 $ 56,000
Winneshiek 370 $ 53,363,000 $ 144,000 $ 71,000
Woodbury 4,023 $ 462,269,000 $ 114,000 $ 68,000
Worth 163 $ 14,874,000 $ 91,000 $ 59,000
Wright 267 $ 24,919,000 $ 93,000 $ 63,000
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