AllMortgageDetail - Mortgage Application Details

Usaa Federal Savings Bank
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Usaa Federal Savings Bank
10750 Mcdermott Freeway
San Antonio, TX 78288
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 101,001
Total Mortgage Loan Application Amount $20,544,425,000
Average Mortgage Loan Application Amount $158,163
Highest Mortgage Loan Application Amount $1,752,000
Average Applicant Income $84,578
Highest Applicant Income $8,419,000

Mortgage Loan Application Detail Totals for Usaa Federal Savings Bank in 2014

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 65,545 $14,469,031,000 $220,000 $1,620,000 $97,000 $7,208,000
Refinancing 25,772 $4,854,204,000 $188,000 $1,752,000 $78,000 $4,713,000
Home Improvement 9,691 $1,222,669,000 $126,000 $1,200,000 $99,000 $8,419,000

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 65,513 $13,334,891,000 $203,000 $1,752,000 $94,000 $8,419,000
Not Provided 14,273 $2,986,797,000 $209,000 $1,300,000 $98,000 $3,000,000
Black or African American 8,871 $1,726,171,000 $194,000 $1,080,000 $79,000 $2,580,000
Hispanic 8,333 $1,634,507,000 $196,000 $1,073,000 $82,000 $4,159,000
Asian 2,130 $486,627,000 $228,000 $946,000 $95,000 $1,800,000
American Indian or Alaskan Native 1,347 $255,788,000 $189,000 $929,000 $82,000 $456,000
Native Hawaiin or Other Pacific Islander 541 $121,123,000 $223,000 $824,000 $85,000 $447,000
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) 56,945 $12,932,981,000 $227,000 $1,095,000 $83,000 $2,333,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 44,063 $7,612,923,000 $172,000 $1,752,000 $104,000 $8,419,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 55,247 $11,860,567,000 $214,000 $1,300,000 $95,000 $1,421,000
Application Denied By Financial Institution 25,405 $4,340,823,000 $170,000 $1,752,000 $80,000 $8,419,000
Application Withdrawn By Applicant 17,952 $3,856,433,000 $214,000 $1,620,000 $101,000 $3,840,000
File Closed For Incompleteness 1,890 $381,289,000 $201,000 $1,095,000 $94,000 $1,690,000
Application Approved But Not Accepted 415 $85,706,000 $206,000 $800,000 $81,000 $651,000
Loan Purchased By The Institution 99 $21,086,000 $212,000 $504,000 $84,000 $331,000
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
Debt-To-Income Ratio 8,658 $1,665,293,000 $192,000 $1,752,000 $59,000 $556,000
Credit History 8,189 $1,188,579,000 $145,000 $1,200,000 $81,000 $8,419,000
Collateral 5,134 $864,927,000 $168,000 $1,095,000 $103,000 $1,800,000
Other 1,700 $298,325,000 $175,000 $1,095,000 $89,000 $7,208,000
Insufficient Cash (Downpayment, Closing Cost) 816 $157,743,000 $193,000 $864,000 $98,000 $1,740,000
Credit Application Incomplete 613 $113,316,000 $184,000 $802,000 $109,000 $2,193,000
Unverifiable Information 177 $31,701,000 $179,000 $644,000 $106,000 $1,944,000
Employment History 118 $20,939,000 $177,000 $610,000 $80,000 $435,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0