LOS ANGELES-LONG BEACH-GLENDALE, CA
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 458,420
Total Mortgage Loan Application Amount $215,978,477,000
Average Mortgage Loan Application Amount $471,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $136,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for LOS ANGELES-LONG BEACH-GLENDALE, CA 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
Refinancing 314,694 $139,612,640,000 $443,000 $99,999,000 $130,000 $9,999,000
Home Purchase 119,217 $66,630,383,000 $558,000 $99,999,000 $152,000 $9,999,000
Home Improvement 24,509 $9,735,454,000 $397,000 $69,558,000 $136,000 $9,999,000

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 163,126 $86,755,449,000 $531,000 $99,999,000 $189,000 $9,999,000
Hispanic 106,597 $33,947,283,000 $318,000 $99,999,000 $87,000 $9,999,000
Asian 57,122 $25,098,260,000 $439,000 $99,999,000 $146,000 $9,999,000
Not Provided 56,519 $26,699,131,000 $472,000 $36,250,000 $166,000 $9,999,000
Not applicable 45,987 $33,255,116,000 $723,000 $99,999,000 $35,000 $2,836,000
Black or African American 24,252 $8,300,601,000 $342,000 $20,000,000 $100,000 $9,999,000
Native Hawaiin or Other Pacific Islander 3,509 $1,441,777,000 $410,000 $99,999,000 $121,000 $6,000,000
American Indian or Alaskan Native 1,308 $480,860,000 $367,000 $4,125,000 $112,000 $2,502,000

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) 377,653 $184,980,677,000 $489,000 $99,999,000 $152,000 $9,999,000
FHA-insured (Federal Housing Administration) 61,281 $22,741,074,000 $371,000 $99,999,000 $61,000 $6,100,000
VA-guaranteed (Veterans Administration) 19,411 $8,240,713,000 $424,000 $3,065,000 $63,000 $5,007,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 75 $16,013,000 $213,000 $421,000 $48,000 $114,000

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 233,460 $118,789,235,000 $508,000 $99,999,000 $153,000 $9,999,000
Application Denied By Financial Institution 74,705 $32,699,487,000 $437,000 $99,999,000 $126,000 $9,999,000
Loan Purchased By The Institution 58,809 $22,806,542,000 $387,000 $99,999,000 $71,000 $7,634,000
Application Withdrawn By Applicant 57,025 $26,859,485,000 $471,000 $99,999,000 $147,000 $9,999,000
File Closed For Incompleteness 21,722 $9,031,280,000 $415,000 $25,000,000 $132,000 $9,999,000
Application Approved But Not Accepted 12,673 $5,785,861,000 $456,000 $26,600,000 $145,000 $9,999,000
Preapproval Approved but not Accepted 25 $6,271,000 $250,000 $500,000 $78,000 $159,000
Preapproval Denied by Financial Institution 1 $316,000 $316,000 $316,000 $112,000 $112,000

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 15,017 $7,982,468,000 $531,000 $23,725,000 $109,000 $8,906,000
Credit History 7,568 $2,669,881,000 $352,000 $10,001,000 $127,000 $9,999,000
Credit Application Incomplete 6,747 $2,810,392,000 $416,000 $10,000,000 $142,000 $9,999,000
Collateral 5,122 $2,702,034,000 $527,000 $45,500,000 $195,000 $9,999,000
Other 4,729 $2,388,827,000 $505,000 $99,999,000 $162,000 $9,999,000
Unverifiable Information 2,709 $1,313,628,000 $484,000 $18,000,000 $169,000 $7,900,000
Insufficient Cash (Downpayment, Closing Cost) 1,327 $805,196,000 $606,000 $8,500,000 $188,000 $2,925,000
Employment History 451 $193,296,000 $428,000 $2,530,000 $108,000 $1,248,000
Mortgage Insurance Denied 24 $7,790,000 $324,000 $700,000 $73,000 $189,000
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