Sallie Mae Home Loans Mortgage Lending & HMDA Data, 2006
In 2006, Sallie Mae Home Loans of Novi, MI reported 9,239 mortgage applications totaling $1.6 billion, up 30% from 2005. The average application was for $169,005, and applicants reported an average income of $83,164. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (931), Phoenix-Mesa-Scottsdale, AZ (855) and Boston-Quincy, MA (757) (applications in parentheses).
| Mortgage Company & Address | Sallie Mae Home Loans 28175 Cabot Dr Novi, MI 48377 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 9,239 |
| Total Mortgage Loan Application Amount | $1,561,442,000 |
| Average Mortgage Loan Application Amount | $169,005 |
| Highest Mortgage Loan Application Amount | $2,860,000 |
| Average Applicant Income | $83,164 |
| Highest Applicant Income | $2,292,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sallie Mae Home Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 931 | $ 128,354,000 | $ 137,866 | $ 87,000 |
| Phoenix-Mesa-Scottsdale, AZ | 855 | $ 152,662,000 | $ 178,552 | $ 93,000 |
| Boston-Quincy, MA | 757 | $ 182,843,000 | $ 241,536 | $ 86,000 |
| Detroit-Livonia-Dearborn, MI | 702 | $ 87,412,000 | $ 124,518 | $ 82,000 |
| Cambridge-Newton-Framingham, MA | 519 | $ 130,144,000 | $ 250,759 | $ 89,000 |
| Providence-New Bedford-Fall River, RI-MA | 314 | $ 60,087,000 | $ 191,359 | $ 63,595 |
| Ann Arbor, MI | 221 | $ 30,556,000 | $ 138,262 | $ 98,000 |
| Essex County, MA | 216 | $ 47,008,000 | $ 217,629 | $ 68,000 |
| Chicago-Naperville-Joliet, IL | 176 | $ 26,493,000 | $ 150,528 | $ 86,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 137 | $ 29,763,000 | $ 217,248 | $ 101,598 |
| Indianapolis-Carmel, IN | 127 | $ 13,443,000 | $ 105,850 | $ 76,000 |
| Los Angeles-Long Beach-Glendale, CA | 110 | $ 35,259,000 | $ 320,536 | $ 139,000 |
| Worcester, MA | 109 | $ 17,592,000 | $ 161,394 | $ 85,000 |
| St. Louis, MO-IL | 90 | $ 9,354,000 | $ 103,933 | $ 74,100 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 84 | $ 11,512,000 | $ 137,047 | $ 73,000 |
| Tampa-St. Petersburg-Clearwater, FL | 82 | $ 11,628,000 | $ 141,804 | $ 78,000 |
| Tucson, AZ | 78 | $ 13,027,000 | $ 167,012 | $ 95,000 |
| Barnstable Town, MA | 74 | $ 19,085,000 | $ 257,905 | $ 97,000 |
| Riverside-San Bernardino-Ontario, CA | 73 | $ 17,391,000 | $ 238,232 | $ 98,000 |
| Denver-Aurora, CO | 69 | $ 10,021,000 | $ 145,231 | $ 77,000 |
| Flint, MI | 63 | $ 6,668,000 | $ 105,841 | $ 72,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 58 | $ 8,183,000 | $ 141,086 | $ 87,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 57 | $ 12,969,000 | $ 227,526 | $ 75,000 |
| Orlando-Kissimmee, FL | 57 | $ 9,959,000 | $ 174,719 | $ 94,000 |
| Atlanta-Sandy Springs-Marietta, GA | 52 | $ 8,198,000 | $ 157,653 | $ 71,000 |
| Lansing-East Lansing, MI | 50 | $ 5,653,000 | $ 113,060 | $ 80,000 |
| Kansas City, MO-KS | 48 | $ 5,364,000 | $ 111,750 | $ 69,833 |
| Manchester-Nashua, NH | 46 | $ 6,879,000 | $ 149,543 | $ 67,000 |
| Richmond, VA | 45 | $ 5,425,000 | $ 120,555 | $ 83,000 |
| Rockingham County-Strafford County, NH | 43 | $ 10,801,000 | $ 251,186 | $ 62,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 43 | $ 9,922,000 | $ 230,744 | $ 111,000 |
| Portland-Vancouver-Beaverton, OR-WA | 42 | $ 7,789,000 | $ 185,452 | $ 78,714 |
| Springfield, MA | 42 | $ 5,424,000 | $ 129,142 | $ 61,000 |
| Jackson, MI | 38 | $ 4,526,000 | $ 119,105 | $ 78,000 |
| Miami-Miami Beach-Kendall, FL | 32 | $ 6,356,000 | $ 198,625 | $ 105,000 |
| Panama City-Lynn Haven, FL | 32 | $ 4,266,000 | $ 133,312 | $ 63,000 |
| New Haven-Milford, CT | 31 | $ 5,574,000 | $ 179,806 | $ 75,000 |
| Houston-Sugar Land-Baytown, TX | 30 | $ 4,329,000 | $ 144,300 | $ 80,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 30 | $ 7,487,000 | $ 249,566 | $ 167,000 |
| Cape Coral-Fort Myers, FL | 29 | $ 5,993,000 | $ 206,655 | $ 143,000 |
| Oakland-Fremont-Hayward, CA | 29 | $ 8,106,000 | $ 279,517 | $ 124,000 |
| Hartford-West Hartford-East Hartford, CT | 28 | $ 3,989,000 | $ 142,464 | $ 166,000 |
| Santa Ana-Anaheim-Irvine, CA | 28 | $ 8,308,000 | $ 296,714 | $ 162,000 |
| Gary, IN | 27 | $ 2,829,000 | $ 104,777 | $ 66,000 |
| Monroe, MI | 25 | $ 3,015,000 | $ 120,600 | $ 69,000 |
| Grand Rapids-Wyoming, MI | 24 | $ 2,492,000 | $ 103,833 | $ 55,000 |
| Nashville-Davidson--Murfreesboro, TN | 24 | $ 3,784,000 | $ 157,666 | $ 89,000 |
| Oklahoma City, OK | 23 | $ 2,061,000 | $ 89,608 | $ 69,000 |
| Yuma, AZ | 23 | $ 2,808,000 | $ 122,086 | $ 58,000 |
| Jacksonville, FL | 22 | $ 2,852,000 | $ 129,636 | $ 78,000 |
| San Diego-Carlsbad-San Marcos, CA | 21 | $ 4,116,000 | $ 196,000 | $ 102,000 |
| Seattle-Bellevue-Everett, WA | 21 | $ 4,292,000 | $ 204,380 | $ 89,000 |
| Cleveland-Elyria-Mentor, OH | 20 | $ 2,785,000 | $ 139,250 | $ 72,000 |
| Baltimore-Towson, MD | 19 | $ 3,551,000 | $ 186,894 | $ 79,000 |
| Cincinnati-Middletown, OH-KY-IN | 19 | $ 2,776,000 | $ 146,105 | $ 72,947 |
| Tulsa, OK | 19 | $ 1,970,000 | $ 103,684 | $ 61,000 |
| Colorado Springs, CO | 18 | $ 3,131,000 | $ 173,944 | $ 75,000 |
| Fresno, CA | 18 | $ 3,510,000 | $ 195,000 | $ 104,000 |
| Birmingham-Hoover, AL | 17 | $ 2,073,000 | $ 121,941 | $ 55,000 |
| Dallas-Plano-Irving, TX | 17 | $ 2,609,000 | $ 153,470 | $ 74,000 |
| Flagstaff, AZ | 17 | $ 3,467,000 | $ 203,941 | $ 97,000 |
| Memphis, TN-MS-AR | 17 | $ 2,072,000 | $ 121,882 | $ 41,117 |
| Milwaukee-Waukesha-West Allis, WI | 17 | $ 2,018,000 | $ 118,705 | $ 65,000 |
| Portland-South Portland-Biddeford, ME | 17 | $ 4,243,000 | $ 249,588 | $ 135,000 |
| Prescott, AZ | 17 | $ 2,918,000 | $ 171,647 | $ 70,000 |
| Columbus, OH | 16 | $ 2,862,000 | $ 178,875 | $ 63,000 |
| Boise City-Nampa, ID | 15 | $ 2,191,000 | $ 146,066 | $ 58,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 15 | $ 2,585,000 | $ 172,333 | $ 67,000 |
| Albuquerque, NM | 14 | $ 1,684,000 | $ 120,285 | $ 92,000 |
| Bridgeport-Stamford-Norwalk, CT | 14 | $ 5,766,000 | $ 411,857 | $ 50,000 |
| Gainesville, FL | 14 | $ 2,184,000 | $ 156,000 | $ 124,000 |
| Spokane, WA | 14 | $ 1,879,000 | $ 134,214 | $ 74,000 |
| Tacoma, WA | 14 | $ 2,428,000 | $ 173,428 | $ 82,000 |
| Austin-Round Rock, TX | 13 | $ 2,426,000 | $ 186,615 | $ 77,000 |
| Fort Wayne, IN | 13 | $ 1,129,000 | $ 86,846 | $ 60,000 |
| San Antonio, TX | 13 | $ 1,983,000 | $ 152,538 | $ 115,000 |
| Honolulu, HI | 12 | $ 2,623,000 | $ 218,583 | $ 128,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 12 | $ 1,359,000 | $ 113,250 | $ 68,000 |
| Philadelphia, PA | 12 | $ 2,018,000 | $ 168,166 | $ 85,000 |
| Sarasota-Bradenton-Venice, FL | 12 | $ 1,730,000 | $ 144,166 | $ 55,000 |
| Springfield, MO | 12 | $ 847,000 | $ 70,583 | $ 41,000 |
| Anderson, IN | 11 | $ 1,001,000 | $ 91,000 | $ 54,000 |
| Bakersfield, CA | 11 | $ 2,141,000 | $ 194,636 | $ 82,000 |
| Kalamazoo-Portage, MI | 11 | $ 1,230,000 | $ 111,818 | $ 41,000 |
| Knoxville, TN | 11 | $ 985,000 | $ 89,545 | $ 50,000 |
| Lake County-Kenosha County, IL-WI | 11 | $ 1,076,000 | $ 97,818 | $ 67,272 |
| Pittsfield, MA | 11 | $ 1,386,000 | $ 126,000 | $ 57,000 |
| Terre Haute, IN | 11 | $ 990,000 | $ 90,000 | $ 57,000 |
| Elkhart-Goshen, IN | 10 | $ 640,000 | $ 64,000 | $ 43,000 |
| Killeen-Temple-Fort Hood, TX | 10 | $ 1,246,000 | $ 124,600 | $ 62,000 |
| Lafayette, IN | 10 | $ 790,000 | $ 79,000 | $ 61,000 |
| Louisville-Jefferson County, KY-IN | 10 | $ 927,000 | $ 92,700 | $ 59,600 |
| Bethesda-Gaithersburg-Frederick, MD | 9 | $ 1,767,000 | $ 196,333 | $ 117,000 |
| Charlottesville, VA | 9 | $ 1,769,000 | $ 196,555 | $ 100,000 |
| El Paso, TX | 9 | $ 1,657,000 | $ 184,111 | $ 84,000 |
| Evansville, IN-KY | 9 | $ 788,000 | $ 87,555 | $ 54,000 |
| Fort Worth-Arlington, TX | 9 | $ 1,185,000 | $ 131,666 | $ 72,000 |
| Joplin, MO | 9 | $ 990,000 | $ 110,000 | $ 71,000 |
| Lynchburg, VA | 9 | $ 1,345,000 | $ 149,444 | $ 70,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 2,703,000 | $ 300,333 | $ 113,000 |
| Palm Bay-Melbourne-Titusville, FL | 9 | $ 1,683,000 | $ 187,000 | $ 106,000 |
| Port St. Lucie-Fort Pierce, FL | 9 | $ 1,234,000 | $ 137,111 | $ 60,000 |
| Roanoke, VA | 8 | $ 882,000 | $ 110,250 | $ 66,000 |
| Columbia, SC | 7 | $ 642,000 | $ 91,714 | $ 51,000 |
| Davenport-Moline-Rock Island, IA-IL | 7 | $ 557,000 | $ 79,571 | $ 70,714 |
| Dayton, OH | 7 | $ 952,000 | $ 136,000 | $ 60,000 |
| Greenville, SC | 7 | $ 839,000 | $ 119,857 | $ 59,000 |
| Lakeland, FL | 7 | $ 809,000 | $ 115,571 | $ 43,000 |
| Little Rock-North Little Rock, AR | 7 | $ 1,092,000 | $ 156,000 | $ 43,000 |
| Norwich-New London, CT | 7 | $ 929,000 | $ 132,714 | $ 60,000 |
| Rochester, MN | 7 | $ 695,000 | $ 99,285 | $ 49,000 |
| Saginaw-Saginaw Township North, MI | 7 | $ 624,000 | $ 89,142 | $ 48,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 2,098,000 | $ 299,714 | $ 129,000 |
| South Bend-Mishawaka, IN-MI | 7 | $ 723,000 | $ 103,285 | $ 57,000 |
| Visalia-Porterville, CA | 7 | $ 1,324,000 | $ 189,142 | $ 78,000 |
| Battle Creek, MI | 6 | $ 623,000 | $ 103,833 | $ 84,000 |
| Bloomington, IN | 6 | $ 764,000 | $ 127,333 | $ 71,000 |
| Charleston-North Charleston, SC | 6 | $ 1,372,000 | $ 228,666 | $ 78,000 |
| Chattanooga, TN-GA | 6 | $ 483,000 | $ 80,500 | $ 43,000 |
| Huntsville, AL | 6 | $ 953,000 | $ 158,833 | $ 112,000 |
| Modesto, CA | 6 | $ 1,898,000 | $ 316,333 | $ 88,000 |
| Naples-Marco Island, FL | 6 | $ 1,231,000 | $ 205,166 | $ 80,000 |
| San Francisco-San Mateo-Redwood City, CA | 6 | $ 1,055,000 | $ 175,833 | $ 171,000 |
| Vallejo-Fairfield, CA | 6 | $ 1,189,000 | $ 198,166 | $ 64,000 |
| Akron, OH | 5 | $ 790,000 | $ 158,000 | $ 56,000 |
| Anchorage, AK | 5 | $ 635,000 | $ 127,000 | $ 175,000 |
| Boulder, CO | 5 | $ 826,000 | $ 165,200 | $ 97,000 |
| Des Moines-West Des Moines, IA | 5 | $ 588,000 | $ 117,600 | $ 57,000 |
| Eugene-Springfield, OR | 5 | $ 846,000 | $ 169,200 | $ 54,000 |
| Fort Collins-Loveland, CO | 5 | $ 909,000 | $ 181,800 | $ 81,000 |
| Greeley, CO | 5 | $ 896,000 | $ 179,200 | $ 71,000 |
| Holland-Grand Haven, MI | 5 | $ 350,000 | $ 70,000 | $ 49,000 |
| Kingsport-Bristol-Bristol, TN-VA | 5 | $ 736,000 | $ 147,200 | $ 77,200 |
| Madison, WI | 5 | $ 648,000 | $ 129,600 | $ 81,000 |
| Michigan City-La Porte, IN | 5 | $ 402,000 | $ 80,400 | $ 37,000 |
| Ocala, FL | 5 | $ 1,500,000 | $ 300,000 | $ 63,000 |
| Omaha-Council Bluffs, NE-IA | 5 | $ 511,000 | $ 102,200 | $ 69,000 |
| Pueblo, CO | 5 | $ 792,000 | $ 158,400 | $ 65,000 |
| Tallahassee, FL | 5 | $ 716,000 | $ 143,200 | $ 64,000 |
| Youngstown-Warren-Boardman, OH-PA | 5 | $ 593,000 | $ 118,600 | $ 35,000 |
| Bangor, ME | 4 | $ 382,000 | $ 95,500 | $ 54,000 |
| Bay City, MI | 4 | $ 302,000 | $ 75,500 | $ 37,000 |
| Beaumont-Port Arthur, TX | 4 | $ 376,000 | $ 94,000 | $ 63,000 |
| Bloomington-Normal, IL | 4 | $ 565,000 | $ 141,250 | $ 64,000 |
| Columbia, MO | 4 | $ 586,000 | $ 146,500 | $ 84,000 |
| Fort Walton Beach-Crestview-Destin, FL | 4 | $ 771,000 | $ 192,750 | $ 165,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 719,000 | $ 179,750 | $ 83,000 |
| Jackson, MS | 4 | $ 505,000 | $ 126,250 | $ 60,000 |
| Kokomo, IN | 4 | $ 410,000 | $ 102,500 | $ 67,000 |
| Las Cruces, NM | 4 | $ 296,000 | $ 74,000 | $ 47,000 |
| Longview, WA | 4 | $ 455,000 | $ 113,750 | $ 67,000 |
| Medford, OR | 4 | $ 719,000 | $ 179,750 | $ 86,000 |
| Muncie, IN | 4 | $ 426,000 | $ 106,500 | $ 53,000 |
| Redding, CA | 4 | $ 1,042,000 | $ 260,500 | $ 93,000 |
| Rockford, IL | 4 | $ 483,000 | $ 120,750 | $ 76,000 |
| Salinas, CA | 4 | $ 935,000 | $ 233,750 | $ 114,000 |
| Wheeling, WV-OH | 4 | $ 342,000 | $ 85,500 | $ 57,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 281,000 | $ 93,666 | $ 57,000 |
| Chico, CA | 3 | $ 405,000 | $ 135,000 | $ 56,000 |
| Duluth, MN-WI | 3 | $ 408,000 | $ 136,000 | $ 49,000 |
| Jefferson City, MO | 3 | $ 267,000 | $ 89,000 | $ 91,000 |
| Muskegon-Norton Shores, MI | 3 | $ 391,000 | $ 130,333 | $ 47,000 |
| New York-White Plains-Wayne, NY-NJ | 3 | $ 1,619,000 | $ 539,666 | $ 78,666 |
| Niles-Benton Harbor, MI | 3 | $ 522,000 | $ 174,000 | $ 73,000 |
| Olympia, WA | 3 | $ 700,000 | $ 233,333 | $ 90,000 |
| Salem, OR | 3 | $ 763,000 | $ 254,333 | $ 458,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 501,000 | $ 167,000 | $ 108,000 |
| Santa Fe, NM | 3 | $ 699,000 | $ 233,000 | $ 89,000 |
| Sebastian-Vero Beach, FL | 3 | $ 569,000 | $ 189,666 | $ 20,000 |
| Stockton, CA | 3 | $ 665,000 | $ 221,666 | $ 78,000 |
| Wichita, KS | 3 | $ 366,000 | $ 122,000 | $ 79,000 |
| Amarillo, TX | 2 | $ 486,000 | $ 243,000 | $ 122,000 |
| Anderson, SC | 2 | $ 486,000 | $ 243,000 | $ 74,000 |
| Bellingham, WA | 2 | $ 348,000 | $ 174,000 | $ 73,000 |
| Bend, OR | 2 | $ 2,170,000 | $ 1,085,000 | $ 307,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 155,000 | $ 77,500 | $ 35,000 |
| Canton-Massillon, OH | 2 | $ 249,000 | $ 124,500 | $ 58,000 |
| Champaign-Urbana, IL | 2 | $ 166,000 | $ 83,000 | $ 59,000 |
| Clarksville, TN-KY | 2 | $ 156,000 | $ 78,000 | $ 70,500 |
| Cleveland, TN | 2 | $ 267,000 | $ 133,500 | $ 107,000 |
| Decatur, AL | 2 | $ 99,000 | $ 49,500 | $ 64,000 |
| Dothan, AL | 2 | $ 210,000 | $ 105,000 | $ 57,000 |
| El Centro, CA | 2 | $ 211,000 | $ 105,500 | $ 116,000 |
| Elizabethtown, KY | 2 | $ 98,000 | $ 49,000 | $ 0 |
| Erie, PA | 2 | $ 150,000 | $ 75,000 | $ 90,000 |
| Grand Junction, CO | 2 | $ 530,000 | $ 265,000 | $ 69,000 |
| Gulfport-Biloxi, MS | 2 | $ 116,000 | $ 58,000 | $ 50,000 |
| Harrisonburg, VA | 2 | $ 165,000 | $ 82,500 | $ 82,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 61,000 | $ 30,500 | $ 38,000 |
| Lafayette, LA | 2 | $ 160,000 | $ 80,000 | $ 40,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 357,000 | $ 178,500 | $ 159,000 |
| Merced, CA | 2 | $ 670,000 | $ 335,000 | $ 71,000 |
| Missoula, MT | 2 | $ 408,000 | $ 204,000 | $ 67,000 |
| Mobile, AL | 2 | $ 166,000 | $ 83,000 | $ 56,000 |
| Morristown, TN | 2 | $ 170,000 | $ 85,000 | $ 41,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 196,000 | $ 98,000 | $ 156,000 |
| Peoria, IL | 2 | $ 154,000 | $ 77,000 | $ 71,000 |
| Pine Bluff, AR | 2 | $ 249,000 | $ 124,500 | $ 64,000 |
| Savannah, GA | 2 | $ 190,000 | $ 95,000 | $ 57,000 |
| St. George, UT | 2 | $ 689,000 | $ 344,500 | $ 237,000 |
| St. Joseph, MO-KS | 2 | $ 258,000 | $ 129,000 | $ 117,000 |
| Toledo, OH | 2 | $ 308,000 | $ 154,000 | $ 77,000 |
| Topeka, KS | 2 | $ 348,000 | $ 174,000 | $ 86,000 |
| Yuba City, CA | 2 | $ 397,000 | $ 198,500 | $ 180,000 |
| Abilene, TX | 1 | $ 157,000 | $ 157,000 | $ 53,000 |
| Albany, GA | 1 | $ 141,000 | $ 141,000 | $ 54,000 |
| Anniston-Oxford, AL | 1 | $ 284,000 | $ 284,000 | $ 116,000 |
| Baton Rouge, LA | 1 | $ 114,000 | $ 114,000 | $ 29,000 |
| Billings, MT | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Bremerton-Silverdale, WA | 1 | $ 235,000 | $ 235,000 | $ 46,000 |
| Burlington-South Burlington, VT | 1 | $ 374,000 | $ 374,000 | $ 0 |
| Casper, WY | 1 | $ 164,000 | $ 164,000 | $ 236,000 |
| Cedar Rapids, IA | 1 | $ 92,000 | $ 92,000 | $ 126,000 |
| Cheyenne, WY | 1 | $ 150,000 | $ 150,000 | $ 48,000 |
| Columbus, IN | 1 | $ 80,000 | $ 80,000 | $ 81,000 |
| Cumberland, MD-WV | 1 | $ 296,000 | $ 296,000 | $ 204,000 |
| Dubuque, IA | 1 | $ 228,000 | $ 228,000 | $ 160,000 |
| Fairbanks, AK | 1 | $ 230,000 | $ 230,000 | $ 119,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 125,000 | $ 125,000 | $ 52,000 |
| Fort Smith, AR-OK | 1 | $ 65,000 | $ 65,000 | $ 106,000 |
| Green Bay, WI | 1 | $ 20,000 | $ 20,000 | $ 48,000 |
| Hattiesburg, MS | 1 | $ 89,000 | $ 89,000 | $ 64,000 |
| Janesville, WI | 1 | $ 158,000 | $ 158,000 | $ 64,000 |
| Johnson City, TN | 1 | $ 94,000 | $ 94,000 | $ 42,000 |
| Kankakee-Bradley, IL | 1 | $ 256,000 | $ 256,000 | $ 0 |
| Lancaster, PA | 1 | $ 153,000 | $ 153,000 | $ 40,000 |
| Lawton, OK | 1 | $ 25,000 | $ 25,000 | $ 114,000 |
| Lewiston, ID-WA | 1 | $ 150,000 | $ 150,000 | $ 42,000 |
| Lexington-Fayette, KY | 1 | $ 57,000 | $ 57,000 | $ 26,000 |
| Lima, OH | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Logan, UT-ID | 1 | $ 85,000 | $ 85,000 | $ 27,000 |
| Lubbock, TX | 1 | $ 297,000 | $ 297,000 | $ 115,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 50,000 | $ 50,000 | $ 91,000 |
| Odessa, TX | 1 | $ 108,000 | $ 108,000 | $ 40,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 85,000 | $ 85,000 | $ 24,000 |
| Pascagoula, MS | 1 | $ 140,000 | $ 140,000 | $ 107,000 |
| Pittsburgh, PA | 1 | $ 86,000 | $ 86,000 | $ 99,000 |
| Punta Gorda, FL | 1 | $ 350,000 | $ 350,000 | $ 110,000 |
| Racine, WI | 1 | $ 222,000 | $ 222,000 | $ 49,000 |
| Salisbury, MD | 1 | $ 96,000 | $ 96,000 | $ 41,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
| Sandusky, OH | 1 | $ 174,000 | $ 174,000 | $ 103,000 |
| Santa Barbara-Santa Maria, CA | 1 | $ 359,000 | $ 359,000 | $ 104,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 369,000 | $ 369,000 | $ 175,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 95,000 | $ 95,000 | $ 59,000 |
| Sherman-Denison, TX | 1 | $ 87,000 | $ 87,000 | $ 49,000 |
| Shreveport-Bossier City, LA | 1 | $ 120,000 | $ 120,000 | $ 60,000 |
| Sioux Falls, SD | 1 | $ 58,000 | $ 58,000 | $ 138,000 |
| Springfield, IL | 1 | $ 53,000 | $ 53,000 | $ 105,000 |
| St. Cloud, MN | 1 | $ 177,000 | $ 177,000 | $ 52,000 |
| Tuscaloosa, AL | 1 | $ 119,000 | $ 119,000 | $ 34,000 |
| Waco, TX | 1 | $ 155,000 | $ 155,000 | $ 44,000 |
| Williamsport, PA | 1 | $ 96,000 | $ 96,000 | $ 48,000 |
| Winchester, VA-WV | 1 | $ 50,000 | $ 50,000 | $ 0 |
| York-Hanover, PA | 1 | $ 86,000 | $ 86,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for Sallie Mae Home Loans in 2006
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 | 5,137 | $834,801,000 | $162,000 | $2,000,000 | $80,000 | $1,588,000 |
| Refinancing | 3,971 | $700,044,000 | $176,000 | $2,860,000 | $87,000 | $2,292,000 |
| Home Improvement | 131 | $26,597,000 | $203,000 | $1,000,000 | $91,000 | $356,000 |
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 | 6,743 | $1,139,905,000 | $169,000 | $2,860,000 | $86,000 | $2,292,000 |
| Not Provided | 885 | $136,858,000 | $154,000 | $2,000,000 | $79,000 | $1,588,000 |
| Black or African American | 757 | $123,426,000 | $163,000 | $1,121,000 | $74,000 | $636,000 |
| Hispanic | 583 | $107,084,000 | $183,000 | $1,125,000 | $75,000 | $660,000 |
| Asian | 201 | $41,805,000 | $207,000 | $628,000 | $75,000 | $300,000 |
| American Indian or Alaskan Native | 39 | $5,787,000 | $148,000 | $417,000 | $72,000 | $194,000 |
| Native Hawaiian or Other Pacific Islander | 31 | $6,577,000 | $212,000 | $483,000 | $99,000 | $227,000 |
| 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) | 8,688 | $1,476,161,000 | $169,000 | $2,860,000 | $85,000 | $2,292,000 |
| FHA-insured (Federal Housing Administration) | 411 | $59,378,000 | $144,000 | $325,000 | $59,000 | $235,000 |
| VA-guaranteed (Veterans Administration) | 140 | $25,903,000 | $185,000 | $417,000 | $66,000 | $165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 6,778 | $1,149,615,000 | $169,000 | $2,000,000 | $85,000 | $1,552,000 |
| Application Approved But Not Accepted | 829 | $151,788,000 | $183,000 | $2,000,000 | $86,000 | $1,588,000 |
| Application Denied By Financial Institution | 772 | $131,109,000 | $169,000 | $2,860,000 | $80,000 | $2,292,000 |
| Preapproval Approved but not Accepted | 495 | $70,451,000 | $142,000 | $675,000 | $65,000 | $300,000 |
| Application Withdrawn By Applicant | 183 | $34,942,000 | $190,000 | $975,000 | $75,000 | $617,000 |
| Preapproval Denied by Financial Institution | 178 | $22,740,000 | $127,000 | $560,000 | $59,000 | $456,000 |
| File Closed For Incompleteness | 4 | $797,000 | $199,000 | $379,000 | $40,000 | $80,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 98 | $16,038,000 | $163,000 | $650,000 | $63,000 | $770,000 |
| Collateral | 93 | $13,799,000 | $148,000 | $772,000 | $85,000 | $300,000 |
| Credit History | 67 | $11,394,000 | $170,000 | $800,000 | $59,000 | $234,000 |
| Unverifiable Information | 33 | $6,464,000 | $195,000 | $558,000 | $84,000 | $196,000 |
| Other | 25 | $5,721,000 | $228,000 | $1,000,000 | $74,000 | $359,000 |
| Employment History | 9 | $1,369,000 | $152,000 | $403,000 | $64,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $667,000 | $111,000 | $305,000 | $53,000 | $73,000 |
| Credit Application Incomplete | 1 | $130,000 | $130,000 | $130,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sallie Mae Home Loans's 2006 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Sallie Mae Home Loans's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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