Massachusetts
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for Massachusetts.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of Massachusetts.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 380,440
Total Mortgage Loan Application Amount $131,812,850,000
Average Mortgage Loan Application Amount $346,000
Highest Mortgage Loan Application Amount $81,895,000
Average Applicant Income $148,000
Highest Applicant Income $9,800,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Massachusetts, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with 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, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Download the Massachusetts Lender List

Mortgage Loan Application Detail Totals for Massachusetts in 2019

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 141,462 $58,090,795,000 $410,000 $76,935,000 $150,000 $9,800,000
Refinancing 109,079 $41,028,040,000 $376,000 $81,895,000 $160,000 $9,385,000
Cash-out Refinancing 69,656 $23,420,140,000 $336,000 $47,505,000 $132,000 $7,072,000
Home Improvement 32,553 $4,464,325,000 $137,000 $51,945,000 $138,000 $8,000,000
Other Purpose 24,537 $3,800,455,000 $154,000 $12,505,000 $149,000 $9,739,000
Not Applicable 3,153 $1,009,095,000 $320,000 $3,405,000 $107,000 $1,115,000

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 236,650 $74,923,825,000 $316,000 $30,005,000 $152,000 $9,800,000
Not Provided 48,782 $16,919,205,000 $346,000 $13,655,000 $163,000 $9,385,000
Not applicable 33,916 $20,116,500,000 $593,000 $81,895,000 $162,000 $6,666,000
Hispanic 21,312 $5,970,860,000 $280,000 $4,315,000 $95,000 $7,360,000
Asian 20,326 $8,035,050,000 $395,000 $6,505,000 $157,000 $5,755,000
Black or African American 15,453 $4,380,955,000 $283,000 $5,705,000 $100,000 $7,765,000
American Indian or Alaskan Native 959 $271,515,000 $283,000 $17,505,000 $116,000 $3,207,000
Native Hawaiian or Other Pacific Islander 239 $63,165,000 $264,000 $895,000 $116,000 $1,313,000

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) 324,297 $113,518,010,000 $350,000 $81,895,000 $156,000 $9,800,000
FHA-insured (Federal Housing Administration) 39,527 $12,653,090,000 $320,000 $51,945,000 $82,000 $3,238,000
VA-guaranteed (Veterans Administration) 15,743 $5,437,905,000 $345,000 $1,925,000 $94,000 $1,799,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 873 $203,845,000 $233,000 $575,000 $73,000 $147,000

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 218,059 $79,582,430,000 $364,000 $81,895,000 $156,000 $9,739,000
Loan Purchased By The Institution 51,945 $19,503,795,000 $375,000 $44,505,000 $142,000 $6,666,000
Application Denied By Financial Institution 51,371 $11,973,935,000 $233,000 $30,005,000 $114,000 $8,621,000
Application Withdrawn By Applicant 38,937 $14,336,610,000 $368,000 $64,185,000 $153,000 $9,800,000
File Closed For Incompleteness 13,819 $4,241,635,000 $306,000 $22,005,000 $150,000 $7,200,000
Application Approved But Not Accepted 6,111 $2,099,995,000 $343,000 $49,205,000 $156,000 $5,822,000
Preapproval Approved but not Accepted 117 $46,725,000 $399,000 $2,505,000 $161,000 $2,335,000
Preapproval Denied by Financial Institution 81 $27,725,000 $342,000 $1,505,000 $88,000 $436,000

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
Not applicable 305,518 $111,529,880,000 $365,000 $81,895,000 $154,000 $9,800,000
Debt-To-Income Ratio 42,950 $13,095,070,000 $304,000 $19,705,000 $119,000 $8,314,000
Credit History 10,347 $1,799,765,000 $173,000 $6,305,000 $121,000 $7,765,000
Collateral 8,970 $2,010,250,000 $224,000 $17,505,000 $145,000 $3,516,000
Credit Application Incomplete 5,290 $1,344,320,000 $254,000 $5,005,000 $137,000 $8,000,000
Other 4,127 $1,095,225,000 $265,000 $30,005,000 $137,000 $8,621,000
Unverifiable Information 1,875 $459,965,000 $245,000 $5,755,000 $160,000 $8,000,000
Insufficient Cash (Downpayment, Closing Cost) 814 $324,770,000 $398,000 $3,565,000 $138,000 $1,543,000
Employment History 527 $148,305,000 $281,000 $1,495,000 $94,000 $1,447,000
Mortgage Insurance Denied 22 $5,300,000 $240,000 $1,395,000 $119,000 $349,000
Download the Massachusetts Lender List

Mortgage Loan Application Totals in 2019 by Massachusetts 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
BARNSTABLE TOWN, MA 20,149 $ 6,409,685,000 $ 318,000 $ 174,000
BOSTON, MA 113,506 $ 45,711,320,000 $ 402,000 $ 163,000
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 135,583 $ 52,324,955,000 $ 385,000 $ 159,000
PITTSFIELD, MA 5,111 $ 989,875,000 $ 193,000 $ 124,000
SPRINGFIELD, MA 27,127 $ 4,996,980,000 $ 184,000 $ 91,000
WORCESTER, MA-CT 44,578 $ 10,738,435,000 $ 240,000 $ 112,000
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Mortgage Loan Application Totals in 2019 by Massachusetts County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Barnstable 20,149 $ 6,409,685,000 $ 318,000 $ 174,000
Berkshire 5,111 $ 989,875,000 $ 193,000 $ 124,000
Bristol 31,236 $ 7,819,140,000 $ 250,000 $ 107,000
Dukes 1,761 $ 1,170,855,000 $ 664,000 $ 349,000
Essex 48,984 $ 16,443,500,000 $ 335,000 $ 137,000
Franklin 2,574 $ 451,720,000 $ 175,000 $ 87,000
Hampden 19,312 $ 3,403,095,000 $ 176,000 $ 86,000
Hampshire 5,245 $ 1,213,635,000 $ 231,000 $ 110,000
Middlesex 86,610 $ 35,918,750,000 $ 414,000 $ 171,000
Nantucket 1,361 $ 1,434,045,000 $ 1,053,000 $ 548,000
Norfolk 43,648 $ 17,973,260,000 $ 411,000 $ 172,000
Plymouth 37,638 $ 11,491,360,000 $ 305,000 $ 133,000
Suffolk 32,231 $ 16,352,835,000 $ 507,000 $ 184,000
Worcester 44,580 $ 10,741,095,000 $ 240,000 $ 112,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Massachusetts.

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

Download the Massachusetts Lender List