NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  
Total Number of Mortgage Applications 184,119
Total Mortgage Loan Application Amount $60,209,812,000
Average Mortgage Loan Application Amount $327,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $126,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 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
Refinancing 173,416 $70,099,398,000 $404,000 $99,999,000 $139,000 $9,999,000
Home Purchase 163,045 $79,895,206,000 $490,000 $99,999,000 $155,000 $9,999,000
Home Improvement 20,914 $6,299,598,000 $301,000 $99,999,000 $126,000 $9,720,000

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 169,185 $66,319,899,000 $391,000 $99,999,000 $176,000 $9,999,000
Asian 43,849 $17,571,366,000 $400,000 $17,100,000 $148,000 $9,999,000
Not Provided 43,107 $18,598,335,000 $431,000 $81,000,000 $192,000 $9,999,000
Not applicable 40,476 $35,496,183,000 $876,000 $99,999,000 $42,000 $6,300,000
Hispanic 33,894 $9,918,920,000 $292,000 $20,000,000 $97,000 $9,999,000
Black or African American 24,860 $7,780,454,000 $312,000 $95,000,000 $90,000 $5,268,000
Native Hawaiin or Other Pacific Islander 1,009 $329,545,000 $326,000 $4,000,000 $113,000 $1,330,000
American Indian or Alaskan Native 995 $279,500,000 $280,000 $1,750,000 $112,000 $2,985,000

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) 286,389 $132,902,700,000 $464,000 $99,999,000 $165,000 $9,999,000
FHA-insured (Federal Housing Administration) 60,514 $20,049,370,000 $331,000 $99,999,000 $64,000 $3,024,000
VA-guaranteed (Veterans Administration) 10,072 $3,262,138,000 $323,000 $1,532,000 $70,000 $3,000,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 400 $79,994,000 $199,000 $470,000 $51,000 $600,000

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 174,367 $85,257,051,000 $488,000 $99,999,000 $166,000 $9,999,000
Application Denied By Financial Institution 62,147 $22,252,903,000 $358,000 $99,999,000 $125,000 $9,999,000
Loan Purchased By The Institution 49,414 $17,699,022,000 $358,000 $95,000,000 $75,000 $7,317,000
Application Withdrawn By Applicant 41,450 $18,896,723,000 $455,000 $99,999,000 $167,000 $9,999,000
File Closed For Incompleteness 19,345 $7,588,522,000 $392,000 $26,000,000 $151,000 $9,999,000
Application Approved But Not Accepted 10,650 $4,599,529,000 $431,000 $19,000,000 $159,000 $9,999,000
Preapproval Denied by Financial Institution 2 $452,000 $226,000 $228,000 $169,000 $238,000
Preapproval Approved but not Accepted 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 12,381 $4,741,511,000 $382,000 $52,500,000 $99,000 $2,535,000
Credit History 8,581 $1,744,991,000 $203,000 $10,250,000 $105,000 $8,025,000
Collateral 8,207 $3,143,093,000 $382,000 $99,999,000 $160,000 $9,999,000
Credit Application Incomplete 5,282 $1,986,736,000 $376,000 $13,500,000 $154,000 $9,999,000
Other 4,333 $2,388,314,000 $551,000 $99,999,000 $161,000 $9,999,000
Unverifiable Information 1,583 $702,535,000 $443,000 $10,000,000 $172,000 $3,716,000
Insufficient Cash (Downpayment, Closing Cost) 1,329 $655,917,000 $493,000 $8,400,000 $169,000 $8,129,000
Employment History 418 $139,242,000 $333,000 $2,991,000 $108,000 $1,860,000
Mortgage Insurance Denied 35 $12,854,000 $367,000 $2,400,000 $106,000 $468,000
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