Wachovia Mortgage Corp
Mortgage Loan Application
Totals and Details
for 2007

Find mortgage loan statistics, lending data, and loan application totals for North Carolina.
The mortgage statistics and data below are specific to mortgage loan applications for Wachovia Mortgage Corp.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2018.

Mortgage Company & Address Wachovia Mortgage Corp
301 S College St
Charlotte, NC 28202
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 137,656
Total Mortgage Loan Application Amount $29,813,211,000
Average Mortgage Loan Application Amount $243,000
Highest Mortgage Loan Application Amount $18,800,000
Average Applicant Income $115,000
Highest Applicant Income $9,999,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in NC, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Download the North Carolina Lender List

The mortgage data stats below are displayed in sortable 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 loan applied for 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 lenders along with their aggregated lending data for the state of North Carolina, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Wachovia Mortgage Corp in 2007

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
Refinancing 76,685 $15,783,616,000 $205,000 $8,000,000 $103,000 $9,999,000
Home Purchase 59,365 $13,553,757,000 $228,000 $18,800,000 $110,000 $9,999,000
Home Improvement 1,606 $475,838,000 $296,000 $2,380,000 $132,000 $3,648,000

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 67,855 $15,523,945,000 $228,000 $12,000,000 $112,000 $9,999,000
Not Provided 41,337 $8,356,625,000 $202,000 $18,800,000 $114,000 $9,999,000
Black or African American 12,759 $2,340,081,000 $183,000 $5,625,000 $74,000 $9,999,000
Hispanic 10,837 $2,393,754,000 $220,000 $5,000,000 $87,000 $5,043,000
Asian 3,340 $886,409,000 $265,000 $2,100,000 $116,000 $5,563,000
Not applicable 832 $145,970,000 $175,000 $1,575,000 $0 $0
Native Hawaiian or Other Pacific Islander 430 $116,032,000 $269,000 $3,500,000 $110,000 $1,140,000
American Indian or Alaskan Native 266 $50,395,000 $189,000 $836,000 $110,000 $4,620,000

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) 133,894 $29,219,615,000 $218,000 $18,800,000 $108,000 $9,999,000
FHA-insured (Federal Housing Administration) 2,628 $381,639,000 $145,000 $570,000 $56,000 $1,005,000
VA-guaranteed (Veterans Administration) 1,134 $211,957,000 $186,000 $422,000 $65,000 $2,228,000
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 73,270 $15,907,626,000 $217,000 $8,000,000 $107,000 $9,999,000
Application Approved But Not Accepted 30,106 $5,770,361,000 $191,000 $6,300,000 $110,000 $9,999,000
Application Denied By Financial Institution 22,524 $5,075,971,000 $225,000 $12,000,000 $100,000 $6,673,000
Application Withdrawn By Applicant 6,603 $1,798,685,000 $272,000 $18,800,000 $123,000 $9,999,000
File Closed For Incompleteness 4,333 $1,121,954,000 $258,000 $4,000,000 $105,000 $4,620,000
Loan Purchased By The Institution 820 $138,614,000 $169,000 $1,499,000 $0 $0
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 7,006 $1,507,709,000 $215,000 $3,300,000 $73,000 $1,267,000
Credit History 5,656 $1,118,676,000 $197,000 $12,000,000 $87,000 $4,051,000
Other 4,434 $1,175,777,000 $265,000 $7,000,000 $139,000 $6,673,000
Collateral 3,518 $774,344,000 $220,000 $3,500,000 $115,000 $3,150,000
Unverifiable Information 691 $183,941,000 $266,000 $2,800,000 $126,000 $2,000,000
Insufficient Cash (Downpayment, Closing Cost) 568 $165,680,000 $291,000 $3,500,000 $110,000 $1,432,000
Employment History 436 $100,806,000 $231,000 $1,820,000 $100,000 $1,249,000
Credit Application Incomplete 168 $39,866,000 $237,000 $5,000,000 $141,000 $1,550,000
Mortgage Insurance Denied 47 $9,172,000 $195,000 $743,000 $112,000 $571,000

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 loan data gives you everything you need to know as you start your search for the best lenders in NC, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in North Carolina, and search similar information at your convenience.

Download the North Carolina Lender List