Montana
Mortgage Loan Application
Totals and Details
in 2014
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| Years |
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications |
37,912 |
| Total Mortgage Loan Application Amount |
$7,345,351,000 |
| Average Mortgage Loan Application Amount |
$193,000 |
| Highest Mortgage Loan Application Amount |
$30,000,000 |
| Average Applicant Income |
$81,000 |
| Highest Applicant Income |
$9,999,000 |
Mortgage Loan Application Detail Totals for Montana in 2014
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 |
21,094 |
$4,279,320,000 |
$202,000 |
$30,000,000 |
$81,000 |
$9,999,000 |
| Refinancing |
14,466 |
$2,870,866,000 |
$198,000 |
$19,200,000 |
$81,000 |
$6,831,000 |
| Home Improvement |
2,352 |
$195,165,000 |
$82,000 |
$5,000,000 |
$76,000 |
$5,078,000 |
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 |
28,563 |
$5,314,455,000 |
$186,000 |
$9,000,000 |
$92,000 |
$9,999,000 |
| Not applicable |
5,883 |
$1,375,072,000 |
$233,000 |
$30,000,000 |
$20,000 |
$2,368,000 |
| Not Provided |
2,171 |
$459,021,000 |
$211,000 |
$3,639,000 |
$114,000 |
$9,999,000 |
| American Indian or Alaskan Native |
495 |
$64,291,000 |
$129,000 |
$689,000 |
$72,000 |
$2,367,000 |
| Hispanic |
476 |
$76,125,000 |
$159,000 |
$1,769,000 |
$69,000 |
$1,895,000 |
| Asian |
182 |
$33,429,000 |
$183,000 |
$580,000 |
$83,000 |
$713,000 |
| Black or African American |
99 |
$15,727,000 |
$158,000 |
$417,000 |
$71,000 |
$455,000 |
| Native Hawaiin or Other Pacific Islander |
43 |
$7,231,000 |
$168,000 |
$417,000 |
$84,000 |
$362,000 |
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) |
26,483 |
$5,234,516,000 |
$197,000 |
$30,000,000 |
$96,000 |
$9,999,000 |
| VA-guaranteed (Veterans Administration) |
4,584 |
$980,528,000 |
$213,000 |
$2,000,000 |
$53,000 |
$705,000 |
| FHA-insured (Federal Housing Administration) |
4,329 |
$713,652,000 |
$164,000 |
$3,076,000 |
$49,000 |
$2,557,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2,516 |
$416,655,000 |
$165,000 |
$1,153,000 |
$33,000 |
$179,000 |
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 |
20,966 |
$4,170,861,000 |
$198,000 |
$30,000,000 |
$95,000 |
$9,999,000 |
| Loan Purchased By The Institution |
6,794 |
$1,302,720,000 |
$191,000 |
$2,348,000 |
$32,000 |
$2,368,000 |
| Application Denied By Financial Institution |
4,995 |
$855,111,000 |
$171,000 |
$6,646,000 |
$77,000 |
$9,999,000 |
| Application Withdrawn By Applicant |
3,343 |
$676,264,000 |
$202,000 |
$6,100,000 |
$93,000 |
$3,698,000 |
| Application Approved But Not Accepted |
1,031 |
$185,959,000 |
$180,000 |
$3,390,000 |
$94,000 |
$2,400,000 |
| File Closed For Incompleteness |
783 |
$154,436,000 |
$197,000 |
$8,600,000 |
$100,000 |
$3,000,000 |
| 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 |
| Credit History |
774 |
$95,428,000 |
$123,000 |
$2,050,000 |
$73,000 |
$5,078,000 |
| Debt-To-Income Ratio |
745 |
$156,250,000 |
$209,000 |
$6,646,000 |
$63,000 |
$1,139,000 |
| Collateral |
697 |
$133,201,000 |
$191,000 |
$3,100,000 |
$108,000 |
$9,999,000 |
| Credit Application Incomplete |
335 |
$63,351,000 |
$189,000 |
$1,750,000 |
$81,000 |
$2,000,000 |
| Other |
263 |
$38,946,000 |
$148,000 |
$719,000 |
$112,000 |
$6,831,000 |
| Unverifiable Information |
90 |
$17,036,000 |
$189,000 |
$719,000 |
$100,000 |
$740,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
86 |
$13,908,000 |
$161,000 |
$1,100,000 |
$69,000 |
$720,000 |
| Employment History |
44 |
$6,069,000 |
$137,000 |
$301,000 |
$53,000 |
$148,000 |
| Mortgage Insurance Denied |
0 |
$0 |
$0 |
$0 |
$0 |
$0 |
Mortgage Loan Application Totals in 2014 by Montana 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 |
| BILLINGS, MT |
7,457 |
$
1,395,547,000 |
$
187,000 |
$
78,000 |
| GREAT FALLS, MT |
3,749 |
$
530,524,000 |
$
141,000 |
$
64,000 |
| MISSOULA, MT |
4,000 |
$
841,724,000 |
$
210,000 |
$
80,000 |
Mortgage Loan Application Totals in 2014 by Montana
County
|
County
|
Total Number of Mortgage Loan Applications |
Total Dollar Amount of Mortgage Loan Applications |
Average Mortgage Loan Application Amount |
Average Applicant Income |
| Beaverhead |
238 |
$
45,012,000 |
$
189,000 |
$
80,000 |
| Big Horn |
183 |
$
31,548,000 |
$
172,000 |
$
78,000 |
| Blaine |
59 |
$
6,968,000 |
$
118,000 |
$
44,000 |
| Broadwater |
169 |
$
27,970,000 |
$
165,000 |
$
61,000 |
| Carbon |
420 |
$
79,906,000 |
$
190,000 |
$
89,000 |
| Carter |
7 |
$
1,771,000 |
$
253,000 |
$
53,000 |
| Cascade |
3,749 |
$
530,524,000 |
$
141,000 |
$
64,000 |
| Chouteau |
91 |
$
10,411,000 |
$
114,000 |
$
66,000 |
| Custer |
391 |
$
77,922,000 |
$
199,000 |
$
80,000 |
| Daniels |
47 |
$
9,194,000 |
$
195,000 |
$
133,000 |
| Dawson |
361 |
$
57,234,000 |
$
158,000 |
$
79,000 |
| Deer Lodge |
243 |
$
26,947,000 |
$
110,000 |
$
60,000 |
| Fallon |
79 |
$
15,681,000 |
$
198,000 |
$
76,000 |
| Fergus |
314 |
$
40,322,000 |
$
128,000 |
$
61,000 |
| Flathead |
3,957 |
$
868,578,000 |
$
219,000 |
$
88,000 |
| Gallatin |
4,576 |
$
1,171,581,000 |
$
256,000 |
$
108,000 |
| Garfield |
15 |
$
3,175,000 |
$
211,000 |
$
86,000 |
| Glacier |
158 |
$
22,298,000 |
$
141,000 |
$
69,000 |
| Golden Valley |
27 |
$
4,053,000 |
$
150,000 |
$
63,000 |
| Granite |
115 |
$
31,185,000 |
$
271,000 |
$
95,000 |
| Hill |
442 |
$
67,399,000 |
$
152,000 |
$
70,000 |
| Jefferson |
404 |
$
83,720,000 |
$
207,000 |
$
72,000 |
| Judith Basin |
34 |
$
6,410,000 |
$
188,000 |
$
55,000 |
| Lake |
798 |
$
165,066,000 |
$
206,000 |
$
83,000 |
| Lewis and Clark |
2,630 |
$
476,260,000 |
$
181,000 |
$
64,000 |
| Liberty |
21 |
$
1,898,000 |
$
90,000 |
$
52,000 |
| Lincoln |
535 |
$
86,665,000 |
$
161,000 |
$
70,000 |
| Madison |
373 |
$
182,048,000 |
$
488,000 |
$
281,000 |
| McCone |
35 |
$
6,591,000 |
$
188,000 |
$
90,000 |
| Meagher |
33 |
$
5,218,000 |
$
158,000 |
$
85,000 |
| Mineral |
148 |
$
18,923,000 |
$
127,000 |
$
61,000 |
| Missoula |
4,008 |
$
842,329,000 |
$
210,000 |
$
80,000 |
| Musselshell |
158 |
$
19,959,000 |
$
126,000 |
$
61,000 |
| Park |
558 |
$
112,795,000 |
$
202,000 |
$
88,000 |
| Petroleum |
1 |
$
92,000 |
$
92,000 |
$
108,000 |
| Phillips |
66 |
$
7,502,000 |
$
113,000 |
$
52,000 |
| Pondera |
168 |
$
21,219,000 |
$
126,000 |
$
56,000 |
| Powder River |
37 |
$
7,149,000 |
$
193,000 |
$
104,000 |
| Powell |
154 |
$
26,358,000 |
$
171,000 |
$
91,000 |
| Prairie |
28 |
$
4,160,000 |
$
148,000 |
$
63,000 |
| Ravalli |
1,733 |
$
342,564,000 |
$
197,000 |
$
74,000 |
| Richland |
426 |
$
86,901,000 |
$
203,000 |
$
83,000 |
| Roosevelt |
129 |
$
20,136,000 |
$
156,000 |
$
72,000 |
| Rosebud |
209 |
$
24,011,000 |
$
114,000 |
$
67,000 |
| Sanders |
313 |
$
46,723,000 |
$
149,000 |
$
63,000 |
| Sheridan |
88 |
$
13,303,000 |
$
151,000 |
$
77,000 |
| Silver Bow |
1,073 |
$
132,410,000 |
$
123,000 |
$
60,000 |
| Stillwater |
365 |
$
58,080,000 |
$
159,000 |
$
71,000 |
| Sweet Grass |
118 |
$
22,099,000 |
$
187,000 |
$
97,000 |
| Teton |
193 |
$
25,299,000 |
$
131,000 |
$
68,000 |
| Toole |
114 |
$
16,060,000 |
$
140,000 |
$
77,000 |
| Treasure |
8 |
$
1,044,000 |
$
130,000 |
$
192,000 |
| Valley |
160 |
$
23,094,000 |
$
144,000 |
$
73,000 |
| Wheatland |
30 |
$
3,799,000 |
$
126,000 |
$
74,000 |
| Wibaux |
17 |
$
1,539,000 |
$
90,000 |
$
85,000 |
| Yellowstone |
7,037 |
$
1,313,619,000 |
$
186,000 |
$
77,000 |
