Mississippi
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 107,199
Total Mortgage Loan Application Amount $14,821,764,000
Average Mortgage Loan Application Amount $138,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $66,000
Highest Applicant Income $9,985,000
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Mortgage Loan Application Detail Totals for Mississippi 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
Home Purchase 52,326 $7,645,014,000 $146,000 $99,999,000 $62,000 $9,434,000
Refinancing 44,686 $6,802,590,000 $152,000 $82,000,000 $70,000 $9,985,000
Home Improvement 10,187 $374,160,000 $36,000 $4,300,000 $61,000 $4,626,000

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 61,340 $8,582,587,000 $139,000 $99,999,000 $83,000 $9,985,000
Black or African American 23,577 $2,322,686,000 $98,000 $42,000,000 $51,000 $2,100,000
Not applicable 12,420 $2,605,895,000 $209,000 $82,000,000 $5,000 $1,200,000
Not Provided 6,564 $867,301,000 $132,000 $14,320,000 $67,000 $3,138,000
Hispanic 1,665 $193,687,000 $116,000 $1,580,000 $65,000 $1,180,000
Asian 1,059 $177,272,000 $167,000 $1,598,000 $97,000 $3,399,000
American Indian or Alaskan Native 429 $52,486,000 $122,000 $764,000 $59,000 $775,000
Native Hawaiin or Other Pacific Islander 145 $19,850,000 $136,000 $543,000 $70,000 $1,245,000

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) 69,332 $9,308,477,000 $134,000 $99,999,000 $77,000 $9,985,000
FHA-insured (Federal Housing Administration) 21,340 $2,878,817,000 $134,000 $14,320,000 $42,000 $2,714,000
VA-guaranteed (Veterans Administration) 10,820 $1,914,490,000 $176,000 $826,000 $53,000 $2,088,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5,707 $719,980,000 $126,000 $488,000 $32,000 $461,000

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 51,684 $7,649,184,000 $147,000 $82,000,000 $79,000 $9,000,000
Application Denied By Financial Institution 24,840 $2,718,625,000 $109,000 $99,999,000 $57,000 $4,829,000
Loan Purchased By The Institution 13,978 $2,249,404,000 $160,000 $1,500,000 $28,000 $9,985,000
Application Withdrawn By Applicant 7,910 $1,222,165,000 $154,000 $25,214,000 $76,000 $9,434,000
File Closed For Incompleteness 5,317 $539,532,000 $101,000 $900,000 $52,000 $1,080,000
Application Approved But Not Accepted 3,465 $442,390,000 $127,000 $3,200,000 $78,000 $2,449,000
Preapproval Denied by Financial Institution 5 $464,000 $92,000 $121,000 $35,000 $46,000
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 2,959 $231,213,000 $78,000 $750,000 $62,000 $3,138,000
Debt-To-Income Ratio 2,045 $243,922,000 $119,000 $1,500,000 $51,000 $1,080,000
Collateral 1,498 $188,346,000 $125,000 $2,445,000 $76,000 $4,829,000
Credit Application Incomplete 938 $125,949,000 $134,000 $524,000 $66,000 $603,000
Other 740 $129,737,000 $175,000 $35,600,000 $60,000 $549,000
Insufficient Cash (Downpayment, Closing Cost) 287 $34,871,000 $121,000 $612,000 $56,000 $566,000
Unverifiable Information 240 $29,509,000 $122,000 $840,000 $71,000 $1,399,000
Employment History 186 $61,798,000 $332,000 $42,000,000 $55,000 $230,000
Mortgage Insurance Denied 3 $322,000 $107,000 $147,000 $73,000 $114,000
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Mortgage Loan Application Totals in 2016 by Mississippi 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
GULFPORT-BILOXI-PASCAGOULA, MS 16,135 $ 2,377,769,000 $ 147,000 $ 69,000
HATTIESBURG, MS 6,223 $ 887,850,000 $ 142,000 $ 70,000
JACKSON, MS 24,713 $ 4,124,348,000 $ 166,000 $ 70,000
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Mortgage Loan Application Totals in 2016 by Mississippi County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 703 $ 87,569,000 $ 124,000 $ 62,000
Alcorn 1,009 $ 103,496,000 $ 102,000 $ 62,000
Amite 380 $ 34,673,000 $ 91,000 $ 56,000
Attala 432 $ 38,771,000 $ 89,000 $ 122,000
Benton 272 $ 61,446,000 $ 225,000 $ 47,000
Bolivar 676 $ 78,385,000 $ 115,000 $ 64,000
Calhoun 307 $ 22,897,000 $ 74,000 $ 51,000
Carroll 211 $ 21,240,000 $ 100,000 $ 76,000
Chickasaw 385 $ 27,366,000 $ 71,000 $ 46,000
Choctaw 193 $ 15,823,000 $ 81,000 $ 54,000
Claiborne 254 $ 11,766,000 $ 46,000 $ 43,000
Clarke 451 $ 43,034,000 $ 95,000 $ 62,000
Clay 538 $ 52,526,000 $ 97,000 $ 57,000
Coahoma 403 $ 38,101,000 $ 94,000 $ 63,000
Copiah 798 $ 67,048,000 $ 84,000 $ 47,000
Covington 600 $ 62,678,000 $ 104,000 $ 59,000
DeSoto 10,859 $ 1,776,907,000 $ 163,000 $ 61,000
Forrest 2,788 $ 361,314,000 $ 129,000 $ 65,000
Franklin 183 $ 16,815,000 $ 91,000 $ 60,000
George 936 $ 104,642,000 $ 111,000 $ 57,000
Greene 372 $ 33,842,000 $ 90,000 $ 63,000
Grenada 750 $ 78,103,000 $ 104,000 $ 61,000
Hancock 2,021 $ 290,034,000 $ 143,000 $ 77,000
Harrison 8,283 $ 1,305,579,000 $ 157,000 $ 68,000
Hinds 7,682 $ 1,048,374,000 $ 136,000 $ 64,000
Holmes 380 $ 21,221,000 $ 55,000 $ 43,000
Humphreys 214 $ 13,680,000 $ 63,000 $ 47,000
Issaquena 13 $ 1,185,000 $ 91,000 $ 65,000
Itawamba 608 $ 56,653,000 $ 93,000 $ 48,000
Jackson 5,888 $ 786,414,000 $ 133,000 $ 68,000
Jasper 491 $ 39,625,000 $ 80,000 $ 53,000
Jefferson 177 $ 12,644,000 $ 71,000 $ 51,000
Jefferson Davis 360 $ 24,018,000 $ 66,000 $ 51,000
Jones 2,105 $ 212,484,000 $ 100,000 $ 62,000
Kemper 151 $ 11,644,000 $ 77,000 $ 54,000
Lafayette 2,420 $ 647,672,000 $ 267,000 $ 108,000
Lamar 3,040 $ 490,053,000 $ 161,000 $ 77,000
Lauderdale 1,806 $ 239,240,000 $ 132,000 $ 68,000
Lawrence 386 $ 29,767,000 $ 77,000 $ 58,000
Leake 569 $ 51,563,000 $ 90,000 $ 63,000
Lee 3,388 $ 441,985,000 $ 130,000 $ 67,000
Leflore 474 $ 47,396,000 $ 99,000 $ 51,000
Lincoln 1,027 $ 108,764,000 $ 105,000 $ 62,000
Lowndes 2,103 $ 266,179,000 $ 126,000 $ 60,000
Madison 6,358 $ 1,419,082,000 $ 223,000 $ 95,000
Marion 976 $ 89,896,000 $ 92,000 $ 59,000
Marshall 1,387 $ 136,008,000 $ 98,000 $ 52,000
Monroe 964 $ 95,022,000 $ 98,000 $ 55,000
Montgomery 181 $ 16,001,000 $ 88,000 $ 52,000
Neshoba 661 $ 61,268,000 $ 92,000 $ 66,000
Newton 651 $ 53,906,000 $ 82,000 $ 61,000
Noxubee 242 $ 21,495,000 $ 88,000 $ 57,000
Oktibbeha 1,387 $ 241,404,000 $ 174,000 $ 83,000
Panola 1,154 $ 105,228,000 $ 91,000 $ 59,000
Pearl River 2,101 $ 260,990,000 $ 124,000 $ 64,000
Perry 434 $ 38,666,000 $ 89,000 $ 55,000
Pike 1,316 $ 136,282,000 $ 103,000 $ 55,000
Pontotoc 859 $ 86,402,000 $ 100,000 $ 51,000
Prentiss 673 $ 56,767,000 $ 84,000 $ 58,000
Quitman 125 $ 7,257,000 $ 58,000 $ 42,000
Rankin 8,248 $ 1,446,847,000 $ 175,000 $ 61,000
Scott 817 $ 66,232,000 $ 81,000 $ 51,000
Sharkey 60 $ 3,938,000 $ 65,000 $ 47,000
Simpson 903 $ 89,697,000 $ 99,000 $ 55,000
Smith 464 $ 38,513,000 $ 83,000 $ 60,000
Stone 554 $ 63,452,000 $ 114,000 $ 54,000
Sunflower 403 $ 33,480,000 $ 83,000 $ 52,000
Tallahatchie 245 $ 15,127,000 $ 61,000 $ 51,000
Tate 1,324 $ 151,152,000 $ 114,000 $ 66,000
Tippah 412 $ 34,803,000 $ 84,000 $ 51,000
Tishomingo 547 $ 51,801,000 $ 94,000 $ 66,000
Tunica 170 $ 35,895,000 $ 211,000 $ 57,000
Union 722 $ 75,828,000 $ 105,000 $ 57,000
Walthall 514 $ 47,376,000 $ 92,000 $ 55,000
Warren 1,665 $ 198,567,000 $ 119,000 $ 60,000
Washington 890 $ 70,425,000 $ 79,000 $ 54,000
Wayne 491 $ 46,516,000 $ 94,000 $ 62,000
Webster 261 $ 24,927,000 $ 95,000 $ 56,000
Wilkinson 195 $ 16,883,000 $ 86,000 $ 51,000
Winston 512 $ 41,256,000 $ 80,000 $ 59,000
Yalobusha 374 $ 30,759,000 $ 82,000 $ 48,000
Yazoo 781 $ 57,010,000 $ 72,000 $ 53,000
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