AllMortgageDetail - Mortgage Application Details

NAPLES-IMMOKALEE-MARCO ISLAND, FL
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  
Total Number of Mortgage Applications 16,228
Total Mortgage Loan Application Amount $4,906,487,000
Average Mortgage Loan Application Amount $302,000
Highest Mortgage Loan Application Amount $14,950,000
Average Applicant Income $171,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for NAPLES-IMMOKALEE-MARCO ISLAND, FL 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 10,421 $3,321,610,000 $318,000 $14,950,000 $186,000 $9,999,000
Refinancing 5,128 $1,503,634,000 $293,000 $11,510,000 $148,000 $5,962,000
Home Improvement 679 $81,243,000 $119,000 $5,500,000 $122,000 $9,999,000

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 11,119 $3,547,714,000 $319,000 $13,516,000 $199,000 $9,999,000
Hispanic 1,694 $313,846,000 $185,000 $8,453,000 $89,000 $4,473,000
Not applicable 1,511 $473,828,000 $313,000 $14,950,000 $34,000 $2,074,000
Not Provided 1,342 $452,679,000 $337,000 $9,600,000 $217,000 $8,240,000
Black or African American 301 $54,628,000 $181,000 $2,100,000 $115,000 $9,999,000
Asian 210 $52,922,000 $252,000 $2,470,000 $154,000 $1,958,000
American Indian or Alaskan Native 34 $6,757,000 $198,000 $423,000 $129,000 $1,093,000
Native Hawaiin or Other Pacific Islander 17 $4,113,000 $241,000 $555,000 $112,000 $335,000

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) 13,522 $4,319,414,000 $319,000 $14,950,000 $194,000 $9,999,000
FHA-insured (Federal Housing Administration) 1,731 $353,551,000 $204,000 $615,000 $55,000 $1,000,000
VA-guaranteed (Veterans Administration) 590 $164,447,000 $278,000 $1,144,000 $73,000 $541,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 385 $69,075,000 $179,000 $315,000 $36,000 $135,000

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 8,634 $2,829,858,000 $327,000 $14,950,000 $205,000 $9,999,000
Application Denied By Financial Institution 2,832 $731,711,000 $258,000 $13,516,000 $134,000 $9,999,000
Loan Purchased By The Institution 1,992 $480,421,000 $241,000 $8,700,000 $61,000 $2,074,000
Application Withdrawn By Applicant 1,666 $516,210,000 $309,000 $10,000,000 $177,000 $7,068,000
Application Approved But Not Accepted 569 $177,653,000 $312,000 $8,453,000 $190,000 $5,000,000
File Closed For Incompleteness 529 $169,416,000 $320,000 $7,245,000 $191,000 $5,962,000
Preapproval Denied by Financial Institution 5 $1,052,000 $210,000 $314,000 $74,000 $100,000
Preapproval Approved but not Accepted 1 $166,000 $166,000 $166,000 $46,000 $46,000

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
Debt-To-Income Ratio 657 $183,266,000 $278,000 $3,200,000 $88,000 $2,276,000
Credit History 413 $75,633,000 $183,000 $1,840,000 $132,000 $9,999,000
Collateral 398 $116,736,000 $293,000 $3,500,000 $202,000 $8,640,000
Credit Application Incomplete 266 $82,929,000 $311,000 $2,000,000 $192,000 $3,500,000
Other 228 $46,070,000 $202,000 $2,300,000 $121,000 $1,462,000
Unverifiable Information 78 $28,417,000 $364,000 $4,400,000 $192,000 $2,619,000
Insufficient Cash (Downpayment, Closing Cost) 58 $36,629,000 $631,000 $13,516,000 $330,000 $5,672,000
Employment History 40 $8,460,000 $211,000 $972,000 $96,000 $334,000
Mortgage Insurance Denied 17 $3,171,000 $186,000 $310,000 $123,000 $713,000