Stearns Lending, Inc.
Mortgage Loan Application
Totals and Details
for 2017

Find mortgage statistics in California.
The mortgage statistics provided below are specific to mortgages loaned by Stearns Lending, Inc., and
charts are available for all areas of California.
Search for mortgage details by county or metropolitan area and explore the total number of mortgage applications and mortgage application details for 2003-2017.

Mortgage Company & Address Stearns Lending, Inc.
4 Hutton Centre, 10Th Floor
Santa Ana, CA 92707
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 77,769
Total Mortgage Loan Application Amount $21,682,550,000
Average Mortgage Loan Application Amount $196,143
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $60,450
Highest Applicant Income $5,193,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
As you search for the best mortgages in CA, our lists will give you a good idea what to expect in any situation.
These numbers will tell you what the best mortgage loans are by county, by race, and per income. With this information, you can be prepared to get the best mortgage price when you search out a mortgage lender.

Download the California Lender List

Our numbers detail mortgage loan totals in categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage applicants in California, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Stearns Lending, Inc. in 2017

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 54,104 $14,920,663,000 $275,000 $3,000,000 $80,000 $5,193,000
Refinancing 22,784 $6,520,530,000 $286,000 $2,390,000 $88,000 $2,454,000
Home Improvement 881 $241,357,000 $273,000 $1,250,000 $90,000 $1,296,000

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 37,719 $10,251,370,000 $271,000 $2,310,000 $103,000 $5,193,000
Not applicable 13,194 $3,816,699,000 $289,000 $2,500,000 $0 $0
Hispanic 11,305 $2,894,485,000 $256,000 $1,278,000 $79,000 $1,385,000
Asian 6,333 $2,145,545,000 $338,000 $2,887,000 $119,000 $4,188,000
Not Provided 4,994 $1,466,672,000 $293,000 $3,000,000 $103,000 $3,078,000
Black or African American 3,604 $912,231,000 $253,000 $1,785,000 $81,000 $1,200,000
Native Hawaiin or Other Pacific Islander 410 $137,081,000 $334,000 $1,013,000 $102,000 $1,064,000
American Indian or Alaskan Native 210 $58,467,000 $278,000 $1,580,000 $99,000 $697,000

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) 48,114 $13,916,761,000 $289,000 $3,000,000 $94,000 $5,193,000
FHA-insured (Federal Housing Administration) 19,655 $4,808,125,000 $244,000 $928,000 $62,000 $1,200,000
VA-guaranteed (Veterans Administration) 7,975 $2,608,044,000 $327,000 $2,332,000 $69,000 $1,620,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,025 $349,620,000 $172,000 $657,000 $46,000 $264,000

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 46,594 $12,817,747,000 $275,000 $2,338,000 $99,000 $5,193,000
Loan Purchased By The Institution 13,194 $3,816,699,000 $289,000 $2,500,000 $0 $0
Application Denied By Financial Institution 9,748 $2,789,999,000 $286,000 $3,000,000 $99,000 $3,063,000
Application Withdrawn By Applicant 6,689 $1,826,135,000 $273,000 $1,572,000 $99,000 $3,078,000
File Closed For Incompleteness 1,074 $295,966,000 $275,000 $1,000,000 $94,000 $1,385,000
Application Approved But Not Accepted 470 $136,004,000 $289,000 $1,190,000 $95,000 $770,000
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 4,617 $1,380,942,000 $299,000 $2,390,000 $106,000 $1,758,000
Collateral 1,737 $459,751,000 $264,000 $2,887,000 $103,000 $1,525,000
Debt-To-Income Ratio 1,477 $431,451,000 $292,000 $1,890,000 $76,000 $1,177,000
Credit History 857 $239,811,000 $279,000 $1,480,000 $98,000 $1,000,000
Other 478 $124,201,000 $259,000 $1,005,000 $98,000 $1,198,000
Credit Application Incomplete 282 $73,105,000 $259,000 $3,000,000 $93,000 $3,063,000
Insufficient Cash (Downpayment, Closing Cost) 173 $45,363,000 $262,000 $2,000,000 $96,000 $2,443,000
Employment History 123 $34,551,000 $280,000 $1,240,000 $77,000 $400,000
Mortgage Insurance Denied 4 $824,000 $206,000 $417,000 $59,000 $120,000

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage application data give you everything you need to know as you start your search for the best lenders in CA, and give you an idea of what the best mortgage loans really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in California, and search similar information back through 2003.

Download the California Lender List