Maryland
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 358,958
Total Mortgage Loan Application Amount $105,588,159,000
Average Mortgage Loan Application Amount $294,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $95,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Maryland 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 195,574 $57,122,202,000 $292,000 $99,999,000 $94,000 $9,999,000
Home Purchase 141,717 $45,481,697,000 $320,000 $99,999,000 $94,000 $7,507,000
Home Improvement 21,667 $2,984,260,000 $137,000 $99,999,000 $102,000 $6,300,000

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 154,817 $43,995,427,000 $284,000 $10,000,000 $116,000 $9,999,000
Black or African American 68,836 $17,263,613,000 $250,000 $99,999,000 $78,000 $6,300,000
Not applicable 48,658 $19,089,694,000 $392,000 $99,999,000 $26,000 $5,100,000
Not Provided 46,023 $13,292,813,000 $288,000 $99,999,000 $114,000 $7,885,000
Asian 19,625 $6,526,742,000 $332,000 $4,200,000 $124,000 $3,036,000
Hispanic 18,617 $4,798,084,000 $257,000 $3,840,000 $78,000 $5,434,000
American Indian or Alaskan Native 1,579 $399,988,000 $253,000 $2,460,000 $88,000 $2,181,000
Native Hawaiin or Other Pacific Islander 803 $221,798,000 $276,000 $840,000 $98,000 $2,040,000

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) 219,775 $65,837,945,000 $299,000 $99,999,000 $121,000 $9,999,000
FHA-insured (Federal Housing Administration) 86,972 $22,586,722,000 $259,000 $99,999,000 $49,000 $3,780,000
VA-guaranteed (Veterans Administration) 47,078 $16,099,463,000 $341,000 $2,195,000 $63,000 $3,780,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5,133 $1,064,029,000 $207,000 $1,240,000 $44,000 $1,116,000

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 171,556 $53,390,065,000 $311,000 $99,999,000 $110,000 $9,999,000
Loan Purchased By The Institution 60,580 $17,974,202,000 $296,000 $87,000,000 $46,000 $5,100,000
Application Denied By Financial Institution 60,121 $14,998,337,000 $249,000 $99,999,000 $92,000 $9,999,000
Application Withdrawn By Applicant 42,079 $12,412,556,000 $294,000 $99,999,000 $105,000 $9,999,000
File Closed For Incompleteness 15,500 $4,223,159,000 $272,000 $4,100,000 $94,000 $6,720,000
Application Approved But Not Accepted 9,120 $2,588,989,000 $283,000 $64,000,000 $99,000 $5,752,000
Preapproval Denied by Financial Institution 2 $851,000 $425,000 $531,000 $81,000 $98,000
Preapproval Approved but not Accepted 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
Credit History 9,506 $1,601,350,000 $168,000 $10,001,000 $88,000 $7,885,000
Debt-To-Income Ratio 8,128 $2,065,357,000 $254,000 $2,680,000 $77,000 $2,168,000
Collateral 6,303 $1,746,145,000 $277,000 $32,000,000 $118,000 $5,752,000
Credit Application Incomplete 5,512 $1,463,676,000 $265,000 $1,880,000 $101,000 $1,906,000
Other 3,533 $1,190,589,000 $336,000 $99,999,000 $107,000 $9,999,000
Unverifiable Information 1,309 $276,852,000 $211,000 $1,974,000 $94,000 $2,080,000
Insufficient Cash (Downpayment, Closing Cost) 946 $370,557,000 $391,000 $99,999,000 $103,000 $1,667,000
Employment History 353 $95,325,000 $270,000 $1,340,000 $86,000 $954,000
Mortgage Insurance Denied 15 $5,154,000 $343,000 $1,204,000 $130,000 $488,000
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Mortgage Loan Application Totals in 2016 by Maryland Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BALTIMORE-COLUMBIA-TOWSON, MD 160,097 $ 44,415,015,000 $ 277,000 $ 93,000
CALIFORNIA-LEXINGTON PARK, MD 7,105 $ 1,882,364,000 $ 264,000 $ 84,000
CUMBERLAND, MD-WV 2,163 $ 236,567,000 $ 109,000 $ 54,000
HAGERSTOWN-MARTINSBURG, MD-WV 6,786 $ 1,382,207,000 $ 203,000 $ 65,000
SALISBURY, MD-DE 9,980 $ 1,982,480,000 $ 198,000 $ 100,000
SILVER SPRING-FREDERICK-ROCKVILLE, MD 77,968 $ 29,477,444,000 $ 378,000 $ 124,000
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Mortgage Loan Application Totals in 2016 by Maryland County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Allegany 2,167 $ 237,144,000 $ 109,000 $ 54,000
Anne Arundel 40,601 $ 12,969,530,000 $ 319,000 $ 98,000
Baltimore 43,779 $ 10,716,265,000 $ 244,000 $ 84,000
Baltimore City 23,779 $ 4,616,690,000 $ 194,000 $ 76,000
Calvert 7,502 $ 2,172,741,000 $ 289,000 $ 88,000
Caroline 1,533 $ 262,680,000 $ 171,000 $ 60,000
Carroll 11,227 $ 3,088,478,000 $ 275,000 $ 91,000
Cecil 5,713 $ 1,238,531,000 $ 216,000 $ 71,000
Charles 14,369 $ 4,173,062,000 $ 290,000 $ 73,000
Dorchester 1,318 $ 226,197,000 $ 171,000 $ 76,000
Frederick 18,425 $ 5,183,408,000 $ 281,000 $ 90,000
Garrett 1,516 $ 335,229,000 $ 221,000 $ 135,000
Harford 16,184 $ 3,985,338,000 $ 246,000 $ 81,000
Howard 20,769 $ 7,921,328,000 $ 381,000 $ 128,000
Kent 971 $ 203,079,000 $ 209,000 $ 94,000
Montgomery 59,583 $ 24,308,241,000 $ 407,000 $ 135,000
Prince George's 59,555 $ 16,751,781,000 $ 281,000 $ 74,000
Queen Anne's 3,848 $ 1,133,904,000 $ 294,000 $ 102,000
Somerset 730 $ 99,019,000 $ 135,000 $ 66,000
St. Mary's 7,106 $ 1,882,626,000 $ 264,000 $ 84,000
Talbot 1,932 $ 606,388,000 $ 313,000 $ 139,000
Washington 6,791 $ 1,383,005,000 $ 203,000 $ 65,000
Wicomico 3,876 $ 698,906,000 $ 180,000 $ 61,000
Worcester 5,384 $ 1,186,074,000 $ 220,000 $ 134,000
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