Stearns Lending
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Stearns Lending
4 Hutton Centre, 10Th Floor
Santa Ana, CA 92707
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 113,477
Total Mortgage Loan Application Amount $30,828,319,000
Average Mortgage Loan Application Amount $191,193
Highest Mortgage Loan Application Amount $2,520,000
Average Applicant Income $34,353
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Stearns Lending 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 63,671 $16,337,849,000 $256,000 $2,520,000 $57,000 $6,473,000
Refinancing 48,241 $14,042,985,000 $291,000 $2,250,000 $66,000 $9,999,000
Home Improvement 1,565 $447,485,000 $285,000 $1,620,000 $90,000 $2,389,000

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 44,945 $12,276,856,000 $273,000 $2,475,000 $98,000 $6,473,000
Not applicable 40,085 $10,448,532,000 $260,000 $2,250,000 $0 $0
Hispanic 12,607 $3,146,592,000 $249,000 $1,064,000 $74,000 $9,999,000
Asian 6,737 $2,322,670,000 $344,000 $2,520,000 $114,000 $1,920,000
Not Provided 5,266 $1,614,245,000 $306,000 $1,813,000 $102,000 $2,950,000
Black or African American 3,116 $793,361,000 $254,000 $1,149,000 $76,000 $2,400,000
Native Hawaiin or Other Pacific Islander 471 $157,468,000 $334,000 $1,043,000 $94,000 $479,000
American Indian or Alaskan Native 250 $68,595,000 $274,000 $988,000 $94,000 $548,000

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) 71,871 $20,368,396,000 $283,000 $2,520,000 $72,000 $9,999,000
FHA-insured (Federal Housing Administration) 26,562 $6,157,923,000 $231,000 $1,000,000 $45,000 $1,346,000
VA-guaranteed (Veterans Administration) 12,732 $3,920,074,000 $307,000 $2,250,000 $40,000 $2,033,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,312 $381,926,000 $165,000 $631,000 $34,000 $138,000

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 54,339 $15,120,601,000 $278,000 $2,475,000 $94,000 $6,473,000
Loan Purchased By The Institution 40,085 $10,448,532,000 $260,000 $2,250,000 $0 $0
Application Denied By Financial Institution 10,115 $2,804,988,000 $277,000 $2,520,000 $96,000 $9,999,000
Application Withdrawn By Applicant 6,409 $1,749,405,000 $272,000 $2,240,000 $95,000 $2,950,000
File Closed For Incompleteness 1,863 $523,640,000 $281,000 $1,113,000 $92,000 $2,262,000
Application Approved But Not Accepted 666 $181,153,000 $272,000 $2,047,000 $89,000 $1,424,000
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
Unverifiable Information 4,529 $1,310,974,000 $289,000 $2,520,000 $103,000 $5,400,000
Collateral 1,740 $452,090,000 $259,000 $1,960,000 $100,000 $1,390,000
Debt-To-Income Ratio 1,584 $451,093,000 $284,000 $1,600,000 $83,000 $9,999,000
Credit History 989 $262,264,000 $265,000 $2,065,000 $83,000 $596,000
Other 621 $158,596,000 $255,000 $1,250,000 $91,000 $911,000
Credit Application Incomplete 382 $102,968,000 $269,000 $932,000 $101,000 $877,000
Employment History 150 $38,814,000 $258,000 $900,000 $76,000 $540,000
Insufficient Cash (Downpayment, Closing Cost) 118 $27,561,000 $233,000 $640,000 $78,000 $339,000
Mortgage Insurance Denied 2 $628,000 $314,000 $551,000 $111,000 $143,000
Download the California Lender List