AllMortgageDetail - Mortgage Application Details

New York County NY
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 21,918
Total Mortgage Loan Application Amount $25,023,943,000
Average Mortgage Loan Application Amount $1,141,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $359,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for New York County NY 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 13,638 $15,478,733,000 $1,134,000 $99,999,000 $387,000 $9,999,000
Refinancing 7,344 $8,089,985,000 $1,101,000 $99,999,000 $327,000 $9,999,000
Home Improvement 936 $1,455,225,000 $1,554,000 $99,999,000 $211,000 $3,365,000

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 11,244 $9,707,783,000 $863,000 $29,700,000 $431,000 $9,999,000
Not applicable 3,563 $9,672,653,000 $2,714,000 $99,999,000 $67,000 $7,062,000
Not Provided 3,228 $3,147,676,000 $975,000 $20,000,000 $522,000 $9,999,000
Asian 2,588 $1,803,332,000 $696,000 $7,962,000 $302,000 $6,000,000
Hispanic 730 $416,851,000 $571,000 $7,000,000 $274,000 $4,945,000
Black or African American 498 $225,148,000 $452,000 $4,250,000 $183,000 $2,197,000
American Indian or Alaskan Native 37 $28,069,000 $758,000 $9,275,000 $509,000 $9,999,000
Native Hawaiin or Other Pacific Islander 30 $22,431,000 $747,000 $2,000,000 $339,000 $1,607,000

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) 21,843 $24,879,725,000 $1,139,000 $99,999,000 $360,000 $9,999,000
FHA-insured (Federal Housing Administration) 66 $138,176,000 $2,093,000 $29,796,000 $106,000 $978,000
VA-guaranteed (Veterans Administration) 9 $6,042,000 $671,000 $1,585,000 $256,000 $990,000
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 12,092 $15,164,420,000 $1,254,000 $99,999,000 $385,000 $9,999,000
Application Denied By Financial Institution 3,360 $3,039,610,000 $904,000 $99,999,000 $278,000 $9,999,000
Application Withdrawn By Applicant 2,360 $3,016,582,000 $1,278,000 $99,999,000 $469,000 $9,999,000
Loan Purchased By The Institution 2,317 $1,646,191,000 $710,000 $99,999,000 $117,000 $5,301,000
File Closed For Incompleteness 972 $967,281,000 $995,000 $15,000,000 $466,000 $9,999,000
Application Approved But Not Accepted 810 $1,179,575,000 $1,456,000 $75,000,000 $559,000 $9,999,000
Preapproval Approved but not Accepted 7 $10,284,000 $1,469,000 $2,500,000 $486,000 $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 857 $696,969,000 $813,000 $8,000,000 $189,000 $3,123,000
Collateral 762 $502,754,000 $659,000 $20,000,000 $299,000 $9,318,000
Credit Application Incomplete 606 $530,439,000 $875,000 $23,500,000 $314,000 $4,748,000
Credit History 377 $192,268,000 $509,000 $7,000,000 $267,000 $5,000,000
Other 256 $416,917,000 $1,628,000 $99,999,000 $450,000 $9,999,000
Unverifiable Information 129 $107,307,000 $831,000 $13,000,000 $361,000 $5,943,000
Insufficient Cash (Downpayment, Closing Cost) 84 $88,992,000 $1,059,000 $4,375,000 $391,000 $2,628,000
Employment History 33 $16,847,000 $510,000 $3,000,000 $208,000 $984,000
Mortgage Insurance Denied 3 $965,000 $321,000 $544,000 $82,000 $103,000