AllMortgageDetail - Mortgage Application Details

NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  
Total Number of Mortgage Applications 126,063
Total Mortgage Loan Application Amount $37,688,530,000
Average Mortgage Loan Application Amount $298,000
Highest Mortgage Loan Application Amount $97,000,000
Average Applicant Income $120,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 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 137,196 $63,242,083,000 $460,000 $99,999,000 $151,000 $9,999,000
Refinancing 110,980 $43,050,014,000 $387,000 $99,999,000 $129,000 $9,999,000
Home Improvement 17,161 $4,317,670,000 $251,000 $99,999,000 $111,000 $8,775,000

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 127,975 $47,093,959,000 $367,000 $29,700,000 $171,000 $9,999,000
Not applicable 34,824 $28,964,620,000 $831,000 $99,999,000 $33,000 $7,062,000
Asian 31,182 $11,558,713,000 $370,000 $7,962,000 $142,000 $9,999,000
Not Provided 27,913 $11,202,031,000 $401,000 $93,000,000 $188,000 $9,999,000
Hispanic 23,275 $6,219,926,000 $267,000 $7,000,000 $98,000 $6,739,000
Black or African American 18,694 $5,139,574,000 $274,000 $4,250,000 $92,000 $3,115,000
Native Hawaiin or Other Pacific Islander 776 $234,639,000 $302,000 $2,000,000 $114,000 $1,607,000
American Indian or Alaskan Native 698 $196,305,000 $281,000 $9,275,000 $123,000 $9,999,000

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) 222,875 $97,337,905,000 $436,000 $99,999,000 $152,000 $9,999,000
FHA-insured (Federal Housing Administration) 35,402 $11,073,781,000 $312,000 $29,796,000 $68,000 $3,602,000
VA-guaranteed (Veterans Administration) 6,379 $2,064,286,000 $323,000 $28,924,000 $80,000 $1,200,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 681 $133,795,000 $196,000 $541,000 $50,000 $200,000

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 126,667 $60,033,811,000 $473,000 $99,999,000 $162,000 $9,999,000
Application Denied By Financial Institution 51,904 $16,896,763,000 $325,000 $99,999,000 $118,000 $9,999,000
Loan Purchased By The Institution 38,123 $12,693,068,000 $332,000 $99,999,000 $54,000 $5,301,000
Application Withdrawn By Applicant 26,108 $11,728,590,000 $449,000 $99,999,000 $168,000 $9,999,000
File Closed For Incompleteness 13,183 $5,007,601,000 $379,000 $34,800,000 $163,000 $9,999,000
Application Approved But Not Accepted 9,343 $4,237,255,000 $453,000 $87,200,000 $174,000 $9,999,000
Preapproval Approved but not Accepted 9 $12,679,000 $1,408,000 $2,500,000 $451,000 $1,088,000
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 11,882 $3,906,735,000 $328,000 $8,000,000 $93,000 $3,123,000
Collateral 8,406 $2,780,965,000 $330,000 $20,000,000 $151,000 $9,318,000
Credit History 8,149 $1,534,051,000 $188,000 $7,000,000 $105,000 $8,775,000
Credit Application Incomplete 6,082 $2,193,226,000 $360,000 $23,500,000 $149,000 $4,748,000
Other 3,466 $1,481,541,000 $427,000 $99,999,000 $152,000 $9,999,000
Unverifiable Information 1,533 $559,674,000 $365,000 $13,000,000 $153,000 $8,501,000
Insufficient Cash (Downpayment, Closing Cost) 1,149 $452,071,000 $393,000 $4,375,000 $146,000 $2,649,000
Employment History 410 $121,661,000 $296,000 $3,000,000 $97,000 $984,000
Mortgage Insurance Denied 39 $9,139,000 $234,000 $544,000 $84,000 $231,000