Guaranteed Rate Inc
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Guaranteed Rate Inc
3940 N Ravenswood Ave
Chicago, IL 60613
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 96,902
Total Mortgage Loan Application Amount $27,351,169,000
Average Mortgage Loan Application Amount $174,376
Highest Mortgage Loan Application Amount $20,000,000
Average Applicant Income $95,620
Highest Applicant Income $7,345,000
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Mortgage Loan Application Detail Totals for Guaranteed Rate Inc 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 49,614 $14,406,192,000 $290,000 $20,000,000 $137,000 $7,345,000
Home Purchase 47,288 $12,944,977,000 $273,000 $2,958,000 $122,000 $5,833,000
Home Improvement 0 $0 $0 $0 $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 69,583 $19,636,591,000 $282,000 $6,000,000 $133,000 $7,345,000
Not Provided 8,884 $2,554,313,000 $287,000 $2,963,000 $129,000 $2,894,000
Asian 7,196 $2,369,828,000 $329,000 $2,876,000 $144,000 $3,141,000
Hispanic 6,467 $1,678,854,000 $259,000 $20,000,000 $100,000 $3,162,000
Black or African American 3,972 $895,652,000 $225,000 $7,700,000 $94,000 $2,769,000
American Indian or Alaskan Native 430 $103,589,000 $240,000 $1,463,000 $103,000 $1,224,000
Native Hawaiin or Other Pacific Islander 370 $112,342,000 $303,000 $1,300,000 $108,000 $535,000
Not applicable 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) 81,282 $23,663,938,000 $291,000 $20,000,000 $138,000 $7,345,000
FHA-insured (Federal Housing Administration) 11,599 $2,578,227,000 $222,000 $884,000 $79,000 $1,033,000
VA-guaranteed (Veterans Administration) 3,607 $1,039,692,000 $288,000 $1,053,000 $95,000 $1,080,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 414 $69,312,000 $167,000 $531,000 $54,000 $132,000

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 65,193 $18,493,956,000 $283,000 $2,453,000 $130,000 $5,833,000
Application Withdrawn By Applicant 20,016 $5,850,193,000 $292,000 $20,000,000 $137,000 $7,345,000
Application Denied By Financial Institution 7,449 $1,759,353,000 $236,000 $7,700,000 $95,000 $4,691,000
File Closed For Incompleteness 3,710 $1,100,709,000 $296,000 $3,910,000 $140,000 $6,116,000
Application Approved But Not Accepted 534 $146,958,000 $275,000 $1,571,000 $124,000 $1,111,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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
Credit History 2,333 $492,973,000 $211,000 $7,700,000 $97,000 $4,691,000
Debt-To-Income Ratio 2,066 $550,422,000 $266,000 $2,205,000 $70,000 $1,800,000
Collateral 1,011 $236,383,000 $233,000 $2,963,000 $120,000 $1,500,000
Other 717 $158,311,000 $220,000 $2,077,000 $110,000 $1,940,000
Unverifiable Information 180 $49,356,000 $274,000 $1,040,000 $114,000 $1,200,000
Insufficient Cash (Downpayment, Closing Cost) 148 $41,074,000 $277,000 $1,220,000 $108,000 $686,000
Employment History 145 $33,080,000 $228,000 $991,000 $75,000 $224,000
Credit Application Incomplete 18 $4,740,000 $263,000 $611,000 $147,000 $564,000
Mortgage Insurance Denied 1 $139,000 $139,000 $139,000 $54,000 $54,000
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