Mortgage Research Center
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Mortgage Research Center
1400 Veterans United Dr.
Columbia, MO 65203
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 79,113
Total Mortgage Loan Application Amount $17,296,547,000
Average Mortgage Loan Application Amount $174,350
Highest Mortgage Loan Application Amount $5,037,000
Average Applicant Income $60,472
Highest Applicant Income $7,785,000
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Mortgage Loan Application Detail Totals for Mortgage Research Center 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 48,452 $10,394,809,000 $214,000 $1,500,000 $72,000 $1,853,000
Refinancing 29,926 $6,734,920,000 $225,000 $5,037,000 $53,000 $7,785,000
Home Improvement 785 $176,766,000 $225,000 $1,273,000 $82,000 $450,000

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 49,742 $10,479,233,000 $210,000 $5,037,000 $65,000 $7,785,000
Black or African American 10,682 $2,304,916,000 $215,000 $1,500,000 $63,000 $5,268,000
Not Provided 8,847 $2,046,154,000 $231,000 $1,457,000 $66,000 $625,000
Hispanic 6,488 $1,529,011,000 $235,000 $1,067,000 $66,000 $4,763,000
Asian 1,667 $526,643,000 $315,000 $1,493,000 $73,000 $2,176,000
American Indian or Alaskan Native 1,122 $228,169,000 $203,000 $1,500,000 $64,000 $400,000
Native Hawaiin or Other Pacific Islander 615 $192,369,000 $312,000 $904,000 $72,000 $2,405,000
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
VA-guaranteed (Veterans Administration) 74,943 $16,565,865,000 $221,000 $5,037,000 $64,000 $5,268,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,184 $415,778,000 $190,000 $921,000 $85,000 $683,000
FHA-insured (Federal Housing Administration) 1,761 $288,391,000 $163,000 $743,000 $65,000 $7,785,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 275 $36,461,000 $132,000 $308,000 $46,000 $108,000

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 46,415 $10,316,646,000 $222,000 $1,500,000 $63,000 $1,649,000
Application Withdrawn By Applicant 14,207 $3,185,313,000 $224,000 $1,430,000 $70,000 $4,611,000
Application Denied By Financial Institution 10,204 $1,966,528,000 $192,000 $1,715,000 $65,000 $7,785,000
File Closed For Incompleteness 8,293 $1,829,114,000 $220,000 $5,037,000 $66,000 $2,405,000
Preapproval Denied by Financial Institution 44 $8,894,000 $202,000 $429,000 $57,000 $140,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Application 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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