AllMortgageDetail - Mortgage Application Details

Nantucket County MA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 903
Total Mortgage Loan Application Amount $840,610,000
Average Mortgage Loan Application Amount $930,000
Highest Mortgage Loan Application Amount $10,250,000
Average Applicant Income $455,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Nantucket County MA 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 464 $512,270,000 $1,104,000 $10,250,000 $556,000 $9,999,000
Refinancing 366 $272,447,000 $744,000 $4,510,000 $338,000 $4,268,000
Home Improvement 73 $55,893,000 $765,000 $3,000,000 $398,000 $2,865,000

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 650 $541,632,000 $833,000 $9,800,000 $446,000 $5,679,000
Not Provided 148 $173,598,000 $1,172,000 $7,000,000 $765,000 $9,999,000
Not applicable 78 $110,266,000 $1,413,000 $10,250,000 $12,000 $250,000
Hispanic 11 $7,235,000 $657,000 $2,495,000 $240,000 $971,000
Asian 7 $3,727,000 $532,000 $637,000 $152,000 $221,000
Black or African American 6 $2,510,000 $418,000 $541,000 $110,000 $152,000
American Indian or Alaskan Native 3 $1,642,000 $547,000 $600,000 $641,000 $996,000
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0

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) 884 $829,822,000 $938,000 $10,250,000 $462,000 $9,999,000
VA-guaranteed (Veterans Administration) 10 $5,833,000 $583,000 $863,000 $127,000 $300,000
FHA-insured (Federal Housing Administration) 9 $4,955,000 $550,000 $801,000 $81,000 $142,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 590 $579,176,000 $981,000 $10,250,000 $499,000 $9,999,000
Application Denied By Financial Institution 101 $83,369,000 $825,000 $4,208,000 $301,000 $2,664,000
Application Withdrawn By Applicant 90 $93,771,000 $1,041,000 $7,000,000 $497,000 $5,650,000
File Closed For Incompleteness 51 $35,428,000 $694,000 $3,332,000 $459,000 $4,842,000
Loan Purchased By The Institution 49 $31,769,000 $648,000 $1,850,000 $156,000 $1,594,000
Application Approved But Not Accepted 22 $17,097,000 $777,000 $3,780,000 $448,000 $3,145,000
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 28 $23,687,000 $845,000 $2,500,000 $183,000 $944,000
Collateral 18 $17,986,000 $999,000 $4,208,000 $431,000 $2,664,000
Credit History 7 $4,883,000 $697,000 $1,720,000 $212,000 $600,000
Credit Application Incomplete 5 $4,013,000 $802,000 $1,500,000 $559,000 $1,627,000
Other 5 $5,479,000 $1,095,000 $2,925,000 $780,000 $2,000,000
Unverifiable Information 3 $1,441,000 $480,000 $700,000 $349,000 $462,000
Insufficient Cash (Downpayment, Closing Cost) 1 $393,000 $393,000 $393,000 $105,000 $105,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0