Montana
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 50,537
Total Mortgage Loan Application Amount $10,900,244,000
Average Mortgage Loan Application Amount $215,000
Highest Mortgage Loan Application Amount $28,145,000
Average Applicant Income $82,000
Highest Applicant Income $7,780,000
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Mortgage Loan Application Detail Totals for Montana 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 24,175 $5,379,795,000 $222,000 $28,145,000 $84,000 $4,149,000
Refinancing 23,517 $5,120,148,000 $217,000 $22,700,000 $81,000 $7,780,000
Home Improvement 2,845 $400,301,000 $140,000 $23,206,000 $82,000 $4,481,000

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 38,141 $7,885,299,000 $206,000 $11,550,000 $92,000 $7,780,000
Not applicable 7,429 $1,965,590,000 $264,000 $28,145,000 $25,000 $2,928,000
Not Provided 3,255 $729,520,000 $224,000 $4,000,000 $101,000 $4,149,000
Hispanic 709 $135,484,000 $191,000 $881,000 $74,000 $1,200,000
American Indian or Alaskan Native 562 $84,996,000 $151,000 $1,475,000 $64,000 $1,487,000
Asian 253 $61,071,000 $241,000 $5,000,000 $111,000 $1,940,000
Black or African American 111 $22,674,000 $204,000 $920,000 $80,000 $1,014,000
Native Hawaiin or Other Pacific Islander 77 $15,610,000 $202,000 $464,000 $80,000 $633,000

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) 34,523 $7,619,552,000 $220,000 $28,145,000 $98,000 $7,780,000
FHA-insured (Federal Housing Administration) 7,057 $1,310,436,000 $185,000 $23,206,000 $45,000 $854,000
VA-guaranteed (Veterans Administration) 7,024 $1,629,420,000 $231,000 $1,022,000 $52,000 $1,047,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,933 $340,836,000 $176,000 $690,000 $39,000 $620,000

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 26,863 $6,003,884,000 $223,000 $28,145,000 $95,000 $7,780,000
Loan Purchased By The Institution 8,801 $1,869,395,000 $212,000 $2,100,000 $38,000 $2,928,000
Application Denied By Financial Institution 7,057 $1,340,031,000 $189,000 $8,400,000 $77,000 $4,414,000
Application Withdrawn By Applicant 4,953 $1,090,837,000 $220,000 $11,550,000 $93,000 $2,506,000
Application Approved But Not Accepted 1,595 $351,357,000 $220,000 $2,500,000 $99,000 $2,322,000
File Closed For Incompleteness 1,268 $244,740,000 $193,000 $2,461,000 $78,000 $3,700,000
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
Debt-To-Income Ratio 898 $177,912,000 $198,000 $2,000,000 $57,000 $846,000
Credit History 756 $102,876,000 $136,000 $1,017,000 $69,000 $525,000
Collateral 715 $167,957,000 $234,000 $8,400,000 $106,000 $4,414,000
Credit Application Incomplete 431 $90,677,000 $210,000 $2,460,000 $86,000 $813,000
Other 268 $52,786,000 $196,000 $1,500,000 $90,000 $1,361,000
Unverifiable Information 144 $32,034,000 $222,000 $650,000 $108,000 $1,532,000
Insufficient Cash (Downpayment, Closing Cost) 95 $22,425,000 $236,000 $1,000,000 $90,000 $437,000
Employment History 71 $10,297,000 $145,000 $417,000 $75,000 $796,000
Mortgage Insurance Denied 1 $180,000 $180,000 $180,000 $0 $0
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Mortgage Loan Application Totals in 2016 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 9,948 $ 1,984,033,000 $ 199,000 $ 76,000
GREAT FALLS, MT 4,507 $ 707,009,000 $ 156,000 $ 62,000
MISSOULA, MT 5,686 $ 1,286,234,000 $ 226,000 $ 88,000
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Mortgage Loan Application Totals in 2016 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 350 $ 66,780,000 $ 190,000 $ 61,000
Big Horn 160 $ 25,981,000 $ 162,000 $ 110,000
Blaine 109 $ 14,480,000 $ 132,000 $ 63,000
Broadwater 298 $ 57,587,000 $ 193,000 $ 62,000
Carbon 677 $ 140,878,000 $ 208,000 $ 91,000
Carter 18 $ 7,954,000 $ 441,000 $ 50,000
Cascade 4,515 $ 708,115,000 $ 156,000 $ 62,000
Chouteau 148 $ 32,296,000 $ 218,000 $ 64,000
Custer 442 $ 84,478,000 $ 191,000 $ 73,000
Daniels 38 $ 6,033,000 $ 158,000 $ 69,000
Dawson 298 $ 54,678,000 $ 183,000 $ 77,000
Deer Lodge 341 $ 45,494,000 $ 133,000 $ 70,000
Fallon 83 $ 12,870,000 $ 155,000 $ 65,000
Fergus 393 $ 69,246,000 $ 176,000 $ 70,000
Flathead 5,787 $ 1,385,462,000 $ 239,000 $ 88,000
Gallatin 6,390 $ 1,877,337,000 $ 293,000 $ 108,000
Garfield 27 $ 4,040,000 $ 149,000 $ 69,000
Glacier 207 $ 33,519,000 $ 161,000 $ 65,000
Golden Valley 16 $ 2,643,000 $ 165,000 $ 186,000
Granite 145 $ 29,796,000 $ 205,000 $ 99,000
Hill 445 $ 71,038,000 $ 159,000 $ 70,000
Jefferson 637 $ 149,911,000 $ 235,000 $ 76,000
Judith Basin 53 $ 15,625,000 $ 294,000 $ 102,000
Lake 1,247 $ 289,378,000 $ 232,000 $ 95,000
Lewis and Clark 3,501 $ 728,470,000 $ 208,000 $ 68,000
Liberty 31 $ 3,573,000 $ 115,000 $ 58,000
Lincoln 716 $ 128,247,000 $ 179,000 $ 65,000
Madison 512 $ 271,486,000 $ 530,000 $ 227,000
McCone 25 $ 6,416,000 $ 256,000 $ 119,000
Meagher 60 $ 7,783,000 $ 129,000 $ 81,000
Mineral 230 $ 34,844,000 $ 151,000 $ 65,000
Missoula 5,689 $ 1,286,353,000 $ 226,000 $ 88,000
Musselshell 200 $ 31,513,000 $ 157,000 $ 60,000
Park 769 $ 169,563,000 $ 220,000 $ 94,000
Petroleum 4 $ 311,000 $ 77,000 $ 92,000
Phillips 112 $ 15,896,000 $ 141,000 $ 57,000
Pondera 167 $ 27,513,000 $ 164,000 $ 60,000
Powder River 30 $ 8,831,000 $ 294,000 $ 133,000
Powell 132 $ 28,577,000 $ 216,000 $ 63,000
Prairie 30 $ 3,875,000 $ 129,000 $ 55,000
Ravalli 2,422 $ 505,510,000 $ 208,000 $ 73,000
Richland 347 $ 64,266,000 $ 185,000 $ 70,000
Roosevelt 135 $ 20,235,000 $ 149,000 $ 113,000
Rosebud 186 $ 21,598,000 $ 116,000 $ 71,000
Sanders 464 $ 81,283,000 $ 175,000 $ 65,000
Sheridan 93 $ 12,841,000 $ 138,000 $ 92,000
Silver Bow 1,308 $ 185,067,000 $ 141,000 $ 70,000
Stillwater 494 $ 95,628,000 $ 193,000 $ 81,000
Sweet Grass 140 $ 27,254,000 $ 194,000 $ 78,000
Teton 231 $ 33,586,000 $ 145,000 $ 73,000
Toole 113 $ 19,473,000 $ 172,000 $ 73,000
Treasure 10 $ 1,289,000 $ 128,000 $ 54,000
Valley 188 $ 33,700,000 $ 179,000 $ 77,000
Wheatland 35 $ 4,640,000 $ 132,000 $ 58,000
Wibaux 14 $ 3,148,000 $ 224,000 $ 45,000
Yellowstone 9,276 $ 1,843,134,000 $ 198,000 $ 75,000
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