AllMortgageDetail - Mortgage Application Details

New York
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 389,277
Total Mortgage Loan Application Amount $121,348,420,000
Average Mortgage Loan Application Amount $311,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $117,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for New York 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 202,450 $71,120,440,000 $351,000 $99,999,000 $126,000 $9,999,000
Refinancing 143,704 $45,035,736,000 $313,000 $99,999,000 $115,000 $9,999,000
Home Improvement 43,123 $5,192,244,000 $120,000 $99,999,000 $86,000 $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 238,293 $58,927,393,000 $247,000 $29,700,000 $129,000 $9,999,000
Not applicable 43,250 $29,712,885,000 $687,000 $99,999,000 $26,000 $7,062,000
Not Provided 36,242 $11,963,564,000 $330,000 $93,000,000 $166,000 $9,999,000
Asian 24,245 $9,088,078,000 $374,000 $9,000,000 $136,000 $6,000,000
Black or African American 23,961 $5,730,634,000 $239,000 $4,250,000 $87,000 $2,569,000
Hispanic 21,194 $5,467,726,000 $257,000 $7,000,000 $98,000 $4,945,000
American Indian or Alaskan Native 1,224 $229,806,000 $187,000 $9,275,000 $99,000 $9,999,000
Native Hawaiin or Other Pacific Islander 868 $228,334,000 $263,000 $2,000,000 $107,000 $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) 307,711 $103,341,892,000 $335,000 $99,999,000 $133,000 $9,999,000
FHA-insured (Federal Housing Administration) 61,818 $14,078,560,000 $227,000 $40,135,000 $59,000 $5,460,000
VA-guaranteed (Veterans Administration) 15,179 $3,387,583,000 $223,000 $28,924,000 $68,000 $2,333,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,569 $540,385,000 $118,000 $1,355,000 $40,000 $1,220,000

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 198,816 $66,167,896,000 $332,000 $99,999,000 $132,000 $9,999,000
Application Denied By Financial Institution 75,426 $18,499,650,000 $245,000 $99,999,000 $99,000 $9,999,000
Loan Purchased By The Institution 54,257 $14,456,624,000 $266,000 $99,999,000 $48,000 $5,301,000
Application Withdrawn By Applicant 31,162 $11,962,919,000 $383,000 $99,999,000 $156,000 $9,999,000
File Closed For Incompleteness 14,840 $5,189,203,000 $349,000 $34,800,000 $155,000 $9,999,000
Application Approved But Not Accepted 14,760 $5,053,961,000 $342,000 $75,000,000 $144,000 $9,999,000
Preapproval Approved but not Accepted 16 $18,167,000 $1,135,000 $2,500,000 $389,000 $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 16,241 $4,381,599,000 $269,000 $10,000,000 $83,000 $6,338,000
Credit History 14,097 $1,858,485,000 $131,000 $9,000,000 $86,000 $9,999,000
Collateral 10,889 $2,974,236,000 $273,000 $20,000,000 $131,000 $9,318,000
Credit Application Incomplete 6,660 $2,194,771,000 $329,000 $23,500,000 $140,000 $7,545,000
Other 4,919 $1,575,114,000 $320,000 $99,999,000 $132,000 $9,999,000
Unverifiable Information 1,925 $618,504,000 $321,000 $13,000,000 $139,000 $8,501,000
Insufficient Cash (Downpayment, Closing Cost) 1,412 $462,783,000 $327,000 $4,375,000 $124,000 $2,649,000
Employment History 652 $139,060,000 $213,000 $3,000,000 $79,000 $1,560,000
Mortgage Insurance Denied 133 $18,843,000 $141,000 $544,000 $63,000 $216,000

Mortgage Loan Application Totals in 2014 by New York Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ALBANY-SCHENECTADY-TROY, NY 25,791 $ 4,682,941,000 $ 181,000 $ 86,000
BINGHAMTON, NY 5,904 $ 576,080,000 $ 97,000 $ 65,000
BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY 28,320 $ 3,544,797,000 $ 125,000 $ 68,000
DUTCHESS COUNTY-PUTNAM COUNTY, NY 9,663 $ 2,248,331,000 $ 232,000 $ 105,000
ELMIRA, NY 2,676 $ 221,260,000 $ 82,000 $ 66,000
GLENS FALLS, NY 3,790 $ 563,940,000 $ 148,000 $ 82,000
ITHACA, NY 1,950 $ 463,712,000 $ 237,000 $ 96,000
KINGSTON, NY 3,978 $ 667,012,000 $ 167,000 $ 94,000
NASSAU COUNTY-SUFFOLK COUNTY, NY 70,893 $ 24,435,212,000 $ 344,000 $ 145,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 139,274 $ 72,921,237,000 $ 523,000 $ 157,000
ROCHESTER, NY 33,150 $ 3,856,706,000 $ 116,000 $ 73,000
SYRACUSE, NY 18,705 $ 2,091,564,000 $ 111,000 $ 71,000
UTICA-ROME, NY 7,556 $ 703,017,000 $ 93,000 $ 67,000
WATERTOWN-FORT DRUM, NY 3,449 $ 473,596,000 $ 137,000 $ 69,000

Mortgage Loan Application Totals in 2014 by New York County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Albany 8,118 $ 1,568,328,000 $ 193,000 $ 88,000
Allegany 1,023 $ 58,239,000 $ 56,000 $ 58,000
Bronx 9,196 $ 4,293,951,000 $ 466,000 $ 78,000
Broome 4,481 $ 446,103,000 $ 99,000 $ 65,000
Cattaraugus 1,613 $ 118,067,000 $ 73,000 $ 61,000
Cayuga 2,257 $ 205,308,000 $ 90,000 $ 67,000
Chautauqua 2,586 $ 220,654,000 $ 85,000 $ 69,000
Chemung 2,679 $ 221,459,000 $ 82,000 $ 66,000
Chenango 1,015 $ 91,792,000 $ 90,000 $ 60,000
Clinton 2,181 $ 241,224,000 $ 110,000 $ 67,000
Columbia 1,671 $ 313,077,000 $ 187,000 $ 107,000
Cortland 1,078 $ 99,871,000 $ 92,000 $ 63,000
Delaware 896 $ 99,105,000 $ 110,000 $ 82,000
Dutchess 6,980 $ 1,579,882,000 $ 226,000 $ 103,000
Erie 23,203 $ 3,016,963,000 $ 130,000 $ 69,000
Essex 1,153 $ 161,156,000 $ 139,000 $ 87,000
Franklin 1,012 $ 87,278,000 $ 86,000 $ 65,000
Fulton 1,362 $ 137,291,000 $ 100,000 $ 65,000
Genesee 1,351 $ 123,548,000 $ 91,000 $ 58,000
Greene 1,418 $ 206,592,000 $ 145,000 $ 108,000
Hamilton 203 $ 33,563,000 $ 165,000 $ 124,000
Herkimer 1,658 $ 149,024,000 $ 89,000 $ 71,000
Jefferson 3,459 $ 474,161,000 $ 137,000 $ 69,000
Kings 28,942 $ 16,231,544,000 $ 560,000 $ 130,000
Lewis 912 $ 80,323,000 $ 88,000 $ 65,000
Livingston 1,980 $ 182,847,000 $ 92,000 $ 64,000
Madison 2,061 $ 232,408,000 $ 112,000 $ 74,000
Monroe 22,009 $ 2,680,289,000 $ 121,000 $ 73,000
Montgomery 1,048 $ 102,473,000 $ 97,000 $ 56,000
Nassau 32,138 $ 11,371,572,000 $ 353,000 $ 143,000
New York 21,918 $ 25,023,943,000 $ 1,141,000 $ 359,000
Niagara 5,134 $ 530,309,000 $ 103,000 $ 63,000
Oneida 5,913 $ 555,077,000 $ 93,000 $ 66,000
Onondaga 13,194 $ 1,575,392,000 $ 119,000 $ 73,000
Ontario 4,100 $ 543,961,000 $ 132,000 $ 89,000
Orange 8,692 $ 1,818,873,000 $ 209,000 $ 93,000
Orleans 1,020 $ 75,715,000 $ 74,000 $ 53,000
Oswego 3,488 $ 286,609,000 $ 82,000 $ 63,000
Otsego 1,467 $ 156,383,000 $ 106,000 $ 67,000
Putnam 2,689 $ 671,320,000 $ 249,000 $ 111,000
Queens 32,510 $ 11,571,127,000 $ 355,000 $ 92,000
Rensselaer 4,385 $ 689,871,000 $ 157,000 $ 77,000
Richmond 10,542 $ 3,174,423,000 $ 301,000 $ 98,000
Rockland 6,365 $ 1,947,336,000 $ 305,000 $ 128,000
Saratoga 8,088 $ 1,691,112,000 $ 209,000 $ 97,000
Schenectady 4,453 $ 653,000,000 $ 146,000 $ 71,000
Schoharie 782 $ 86,142,000 $ 110,000 $ 64,000
Schuyler 565 $ 54,700,000 $ 96,000 $ 74,000
Seneca 1,010 $ 80,982,000 $ 80,000 $ 71,000
St. Lawrence 1,798 $ 144,106,000 $ 80,000 $ 67,000
Steuben 2,994 $ 247,213,000 $ 82,000 $ 68,000
Suffolk 38,763 $ 13,066,987,000 $ 337,000 $ 148,000
Sullivan 1,438 $ 203,082,000 $ 141,000 $ 98,000
Tioga 1,450 $ 132,106,000 $ 91,000 $ 62,000
Tompkins 1,959 $ 464,276,000 $ 236,000 $ 96,000
Ulster 3,981 $ 667,208,000 $ 167,000 $ 94,000
Warren 2,119 $ 367,491,000 $ 173,000 $ 92,000
Washington 1,677 $ 196,815,000 $ 117,000 $ 68,000
Wayne 3,309 $ 283,509,000 $ 85,000 $ 61,000
Westchester 21,142 $ 8,956,205,000 $ 423,000 $ 180,000
Wyoming 1,116 $ 94,676,000 $ 84,000 $ 62,000
Yates 752 $ 92,249,000 $ 122,000 $ 99,000