Kentucky
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 185,587
Total Mortgage Loan Application Amount $27,985,850,000
Average Mortgage Loan Application Amount $150,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $68,000
Highest Applicant Income $9,623,000
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Mortgage Loan Application Detail Totals for Kentucky 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 96,203 $14,632,665,000 $152,000 $99,999,000 $64,000 $7,846,000
Refinancing 77,126 $12,459,741,000 $161,000 $99,999,000 $71,000 $9,623,000
Home Improvement 12,258 $893,444,000 $72,000 $41,244,000 $72,000 $3,119,000

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 136,873 $19,612,644,000 $143,000 $99,999,000 $75,000 $7,846,000
Not applicable 20,410 $4,246,803,000 $208,000 $61,276,000 $8,000 $4,022,000
Not Provided 14,407 $2,159,248,000 $149,000 $20,200,000 $81,000 $9,623,000
Black or African American 7,360 $980,293,000 $133,000 $1,089,000 $58,000 $3,119,000
Hispanic 3,482 $457,100,000 $131,000 $1,160,000 $63,000 $3,000,000
Asian 2,067 $386,151,000 $186,000 $1,991,000 $98,000 $1,190,000
American Indian or Alaskan Native 753 $108,049,000 $143,000 $1,983,000 $117,000 $3,754,000
Native Hawaiin or Other Pacific Islander 235 $35,562,000 $151,000 $750,000 $71,000 $582,000

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) 122,492 $18,720,575,000 $152,000 $99,999,000 $81,000 $9,623,000
FHA-insured (Federal Housing Administration) 36,454 $5,019,882,000 $137,000 $99,999,000 $39,000 $1,458,000
VA-guaranteed (Veterans Administration) 17,914 $3,205,869,000 $178,000 $10,001,000 $47,000 $2,452,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,727 $1,039,524,000 $119,000 $1,355,000 $31,000 $579,000

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 100,105 $16,112,730,000 $160,000 $61,276,000 $79,000 $9,623,000
Application Denied By Financial Institution 30,167 $3,676,237,000 $121,000 $99,999,000 $60,000 $3,177,000
Loan Purchased By The Institution 23,657 $3,646,699,000 $154,000 $15,000,000 $27,000 $1,430,000
Application Withdrawn By Applicant 15,860 $2,552,638,000 $160,000 $41,244,000 $75,000 $2,615,000
File Closed For Incompleteness 9,468 $1,106,236,000 $116,000 $9,767,000 $57,000 $3,000,000
Application Approved But Not Accepted 6,321 $890,476,000 $140,000 $10,500,000 $72,000 $1,948,000
Preapproval Denied by Financial Institution 9 $834,000 $92,000 $167,000 $71,000 $132,000
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 6,760 $562,699,000 $83,000 $10,001,000 $64,000 $3,119,000
Debt-To-Income Ratio 3,887 $530,286,000 $136,000 $19,699,000 $51,000 $1,458,000
Collateral 3,237 $461,775,000 $142,000 $2,963,000 $80,000 $3,177,000
Credit Application Incomplete 2,132 $310,898,000 $145,000 $8,828,000 $74,000 $3,000,000
Other 1,257 $171,007,000 $136,000 $10,695,000 $66,000 $1,296,000
Unverifiable Information 444 $58,144,000 $130,000 $1,500,000 $67,000 $560,000
Insufficient Cash (Downpayment, Closing Cost) 421 $58,668,000 $139,000 $1,080,000 $65,000 $650,000
Employment History 311 $37,339,000 $120,000 $416,000 $51,000 $240,000
Mortgage Insurance Denied 14 $2,054,000 $146,000 $417,000 $64,000 $195,000
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Mortgage Loan Application Totals in 2016 by Kentucky 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
BOWLING GREEN, KY 7,249 $ 1,232,633,000 $ 170,000 $ 68,000
ELIZABETHTOWN-FORT KNOX, KY 7,637 $ 1,101,394,000 $ 144,000 $ 57,000
LEXINGTON-FAYETTE, KY 24,951 $ 4,468,554,000 $ 179,000 $ 78,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 52,364 $ 9,388,533,000 $ 179,000 $ 73,000
OWENSBORO, KY 4,915 $ 651,835,000 $ 132,000 $ 61,000
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Mortgage Loan Application Totals in 2016 by Kentucky County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adair 314 $ 33,963,000 $ 108,000 $ 44,000
Allen 844 $ 97,651,000 $ 115,000 $ 55,000
Anderson 1,116 $ 149,646,000 $ 134,000 $ 60,000
Ballard 230 $ 24,257,000 $ 105,000 $ 50,000
Barren 1,718 $ 190,131,000 $ 110,000 $ 62,000
Bath 291 $ 25,629,000 $ 88,000 $ 49,000
Bell 663 $ 54,665,000 $ 82,000 $ 48,000
Boone 7,856 $ 1,468,397,000 $ 186,000 $ 75,000
Bourbon 699 $ 94,518,000 $ 135,000 $ 70,000
Boyd 1,817 $ 197,015,000 $ 108,000 $ 63,000
Boyle 894 $ 114,300,000 $ 127,000 $ 68,000
Bracken 366 $ 38,122,000 $ 104,000 $ 66,000
Breathitt 179 $ 13,984,000 $ 78,000 $ 54,000
Breckinridge 733 $ 78,105,000 $ 106,000 $ 69,000
Bullitt 4,955 $ 730,602,000 $ 147,000 $ 58,000
Butler 390 $ 35,770,000 $ 91,000 $ 57,000
Caldwell 376 $ 55,249,000 $ 146,000 $ 101,000
Calloway 1,103 $ 143,898,000 $ 130,000 $ 67,000
Campbell 5,059 $ 775,651,000 $ 153,000 $ 76,000
Carlisle 96 $ 10,017,000 $ 104,000 $ 112,000
Carroll 317 $ 32,515,000 $ 102,000 $ 57,000
Carter 626 $ 60,757,000 $ 97,000 $ 52,000
Casey 232 $ 20,647,000 $ 88,000 $ 49,000
Christian 1,983 $ 243,026,000 $ 122,000 $ 58,000
Clark 1,733 $ 251,016,000 $ 144,000 $ 60,000
Clay 409 $ 27,775,000 $ 67,000 $ 41,000
Clinton 156 $ 16,563,000 $ 106,000 $ 56,000
Crittenden 241 $ 18,344,000 $ 76,000 $ 49,000
Cumberland 144 $ 16,518,000 $ 114,000 $ 54,000
Daviess 4,367 $ 591,315,000 $ 135,000 $ 60,000
Edmonson 550 $ 60,799,000 $ 110,000 $ 64,000
Elliott 83 $ 8,185,000 $ 98,000 $ 47,000
Estill 367 $ 33,829,000 $ 92,000 $ 46,000
Fayette 15,326 $ 2,833,091,000 $ 184,000 $ 83,000
Fleming 360 $ 34,067,000 $ 94,000 $ 56,000
Floyd 871 $ 78,446,000 $ 90,000 $ 54,000
Franklin 1,971 $ 260,577,000 $ 132,000 $ 58,000
Fulton 87 $ 5,091,000 $ 58,000 $ 42,000
Gallatin 352 $ 38,689,000 $ 109,000 $ 59,000
Garrard 739 $ 96,753,000 $ 130,000 $ 58,000
Grant 1,176 $ 144,408,000 $ 122,000 $ 56,000
Graves 1,058 $ 111,288,000 $ 105,000 $ 66,000
Grayson 951 $ 102,909,000 $ 108,000 $ 61,000
Green 299 $ 28,818,000 $ 96,000 $ 52,000
Greenup 1,511 $ 162,687,000 $ 107,000 $ 65,000
Hancock 322 $ 35,430,000 $ 110,000 $ 65,000
Hardin 5,638 $ 854,289,000 $ 151,000 $ 57,000
Harlan 463 $ 34,842,000 $ 75,000 $ 48,000
Harrison 634 $ 81,291,000 $ 128,000 $ 59,000
Hart 606 $ 56,623,000 $ 93,000 $ 68,000
Henderson 1,798 $ 203,494,000 $ 113,000 $ 60,000
Henry 703 $ 92,091,000 $ 130,000 $ 57,000
Hickman 66 $ 6,018,000 $ 91,000 $ 54,000
Hopkins 1,718 $ 175,906,000 $ 102,000 $ 59,000
Jackson 269 $ 22,895,000 $ 85,000 $ 44,000
Jefferson 38,556 $ 6,860,393,000 $ 177,000 $ 73,000
Jessamine 2,484 $ 460,099,000 $ 185,000 $ 82,000
Johnson 648 $ 71,365,000 $ 110,000 $ 57,000
Kenton 8,984 $ 1,347,207,000 $ 149,000 $ 71,000
Knott 263 $ 20,116,000 $ 76,000 $ 51,000
Knox 876 $ 84,477,000 $ 96,000 $ 48,000
Larue 562 $ 64,757,000 $ 115,000 $ 53,000
Laurel 2,110 $ 224,596,000 $ 106,000 $ 51,000
Lawrence 403 $ 42,062,000 $ 104,000 $ 53,000
Lee 115 $ 9,439,000 $ 82,000 $ 51,000
Leslie 167 $ 11,237,000 $ 67,000 $ 46,000
Letcher 483 $ 31,526,000 $ 65,000 $ 51,000
Lewis 276 $ 19,731,000 $ 71,000 $ 53,000
Lincoln 748 $ 73,528,000 $ 98,000 $ 48,000
Livingston 277 $ 32,463,000 $ 117,000 $ 74,000
Logan 922 $ 95,234,000 $ 103,000 $ 56,000
Lyon 278 $ 42,420,000 $ 152,000 $ 126,000
Madison 3,974 $ 633,184,000 $ 159,000 $ 60,000
Magoffin 199 $ 17,766,000 $ 89,000 $ 49,000
Marion 692 $ 75,022,000 $ 108,000 $ 47,000
Marshall 1,067 $ 127,860,000 $ 119,000 $ 61,000
Martin 183 $ 13,149,000 $ 71,000 $ 47,000
Mason 558 $ 58,574,000 $ 104,000 $ 68,000
McCracken 2,038 $ 289,597,000 $ 142,000 $ 60,000
McCreary 455 $ 29,446,000 $ 64,000 $ 41,000
McLean 292 $ 28,587,000 $ 97,000 $ 71,000
Meade 1,584 $ 202,779,000 $ 128,000 $ 57,000
Menifee 286 $ 20,759,000 $ 72,000 $ 46,000
Mercer 883 $ 114,251,000 $ 129,000 $ 60,000
Metcalfe 338 $ 27,437,000 $ 81,000 $ 54,000
Monroe 298 $ 28,313,000 $ 95,000 $ 87,000
Montgomery 1,152 $ 146,788,000 $ 127,000 $ 60,000
Morgan 139 $ 13,444,000 $ 96,000 $ 45,000
Muhlenberg 1,100 $ 89,793,000 $ 81,000 $ 56,000
Nelson 2,337 $ 313,602,000 $ 134,000 $ 54,000
Nicholas 227 $ 20,650,000 $ 90,000 $ 64,000
Ohio 670 $ 67,660,000 $ 100,000 $ 65,000
Oldham 4,250 $ 1,024,612,000 $ 241,000 $ 98,000
Owen 447 $ 51,332,000 $ 114,000 $ 70,000
Owsley 53 $ 3,840,000 $ 72,000 $ 53,000
Pendleton 591 $ 65,165,000 $ 110,000 $ 60,000
Perry 494 $ 45,195,000 $ 91,000 $ 57,000
Pike 1,710 $ 172,787,000 $ 101,000 $ 66,000
Powell 537 $ 52,116,000 $ 97,000 $ 50,000
Pulaski 1,799 $ 211,248,000 $ 117,000 $ 60,000
Robertson 76 $ 7,433,000 $ 97,000 $ 49,000
Rockcastle 353 $ 32,804,000 $ 92,000 $ 48,000
Rowan 571 $ 67,301,000 $ 117,000 $ 59,000
Russell 460 $ 51,789,000 $ 112,000 $ 72,000
Scott 3,526 $ 622,126,000 $ 176,000 $ 65,000
Shelby 2,594 $ 468,771,000 $ 180,000 $ 70,000
Simpson 800 $ 91,889,000 $ 114,000 $ 59,000
Spencer 1,247 $ 221,268,000 $ 177,000 $ 68,000
Taylor 615 $ 70,178,000 $ 114,000 $ 55,000
Todd 306 $ 36,263,000 $ 118,000 $ 89,000
Trigg 600 $ 75,711,000 $ 126,000 $ 65,000
Trimble 364 $ 37,160,000 $ 102,000 $ 57,000
Union 296 $ 30,730,000 $ 103,000 $ 74,000
Warren 5,509 $ 1,043,441,000 $ 189,000 $ 71,000
Washington 298 $ 35,088,000 $ 117,000 $ 52,000
Wayne 532 $ 48,566,000 $ 91,000 $ 52,000
Webster 335 $ 29,958,000 $ 89,000 $ 69,000
Whitley 1,116 $ 112,289,000 $ 100,000 $ 50,000
Wolfe 187 $ 11,853,000 $ 63,000 $ 47,000
Woodford 1,250 $ 217,383,000 $ 173,000 $ 77,000
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