NAPLES-IMMOKALEE-MARCO ISLAND, FL
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  
Total Number of Mortgage Applications 22,176
Total Mortgage Loan Application Amount $7,289,581,000
Average Mortgage Loan Application Amount $328,000
Highest Mortgage Loan Application Amount $52,125,000
Average Applicant Income $157,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for NAPLES-IMMOKALEE-MARCO ISLAND, FL 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 11,773 $4,140,492,000 $351,000 $52,125,000 $171,000 $9,999,000
Refinancing 9,416 $2,980,217,000 $316,000 $15,000,000 $143,000 $5,946,000
Home Improvement 987 $168,872,000 $171,000 $4,650,000 $127,000 $2,995,000

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 14,652 $4,965,388,000 $338,000 $15,000,000 $187,000 $7,797,000
Hispanic 2,683 $565,145,000 $210,000 $3,360,000 $78,000 $8,368,000
Not Provided 2,081 $740,040,000 $355,000 $11,473,000 $186,000 $9,999,000
Not applicable 1,893 $790,674,000 $417,000 $52,125,000 $26,000 $1,440,000
Black or African American 543 $127,552,000 $234,000 $1,750,000 $76,000 $1,610,000
Asian 253 $82,090,000 $324,000 $2,520,000 $188,000 $1,901,000
American Indian or Alaskan Native 47 $12,953,000 $275,000 $859,000 $148,000 $965,000
Native Hawaiin or Other Pacific Islander 24 $5,739,000 $239,000 $580,000 $114,000 $325,000

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) 17,099 $5,931,915,000 $346,000 $52,125,000 $188,000 $9,999,000
FHA-insured (Federal Housing Administration) 3,564 $909,917,000 $255,000 $8,733,000 $53,000 $1,488,000
VA-guaranteed (Veterans Administration) 1,194 $373,192,000 $312,000 $1,265,000 $63,000 $619,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 319 $74,557,000 $233,000 $384,000 $48,000 $98,000

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 11,390 $4,028,756,000 $353,000 $41,250,000 $185,000 $9,999,000
Application Denied By Financial Institution 3,999 $1,112,945,000 $278,000 $9,000,000 $122,000 $5,946,000
Loan Purchased By The Institution 2,717 $796,265,000 $293,000 $52,125,000 $66,000 $2,483,000
Application Withdrawn By Applicant 2,620 $871,200,000 $332,000 $13,000,000 $178,000 $6,539,000
File Closed For Incompleteness 902 $293,961,000 $325,000 $11,473,000 $171,000 $6,040,000
Application Approved But Not Accepted 544 $185,214,000 $340,000 $8,000,000 $179,000 $3,400,000
Preapproval Approved but not Accepted 4 $1,240,000 $310,000 $397,000 $90,000 $130,000
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 762 $250,652,000 $328,000 $4,940,000 $94,000 $1,158,000
Credit History 471 $109,061,000 $231,000 $8,300,000 $134,000 $5,946,000
Collateral 358 $106,477,000 $297,000 $4,250,000 $170,000 $2,290,000
Credit Application Incomplete 337 $102,209,000 $303,000 $2,100,000 $161,000 $1,712,000
Other 264 $80,327,000 $304,000 $9,000,000 $136,000 $2,306,000
Unverifiable Information 91 $23,265,000 $255,000 $1,100,000 $148,000 $658,000
Insufficient Cash (Downpayment, Closing Cost) 90 $31,881,000 $354,000 $3,905,000 $154,000 $1,123,000
Employment History 29 $9,455,000 $326,000 $2,470,000 $120,000 $1,351,000
Mortgage Insurance Denied 11 $1,949,000 $177,000 $379,000 $59,000 $114,000
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