New York
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 477,313
Total Mortgage Loan Application Amount $161,353,269,000
Average Mortgage Loan Application Amount $338,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $124,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for New York 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 236,519 $88,023,203,000 $372,000 $99,999,000 $129,000 $9,999,000
Refinancing 194,539 $66,616,936,000 $342,000 $99,999,000 $124,000 $9,999,000
Home Improvement 46,255 $6,713,130,000 $145,000 $99,999,000 $97,000 $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 280,655 $76,474,586,000 $272,000 $99,999,000 $135,000 $9,999,000
Not Provided 51,102 $19,085,420,000 $373,000 $81,000,000 $175,000 $9,999,000
Not applicable 49,776 $34,732,257,000 $697,000 $99,999,000 $33,000 $4,287,000
Asian 31,926 $13,221,371,000 $414,000 $17,100,000 $143,000 $9,999,000
Black or African American 31,037 $8,549,108,000 $275,000 $8,400,000 $87,000 $9,999,000
Hispanic 30,136 $8,636,108,000 $286,000 $20,000,000 $97,000 $9,999,000
American Indian or Alaskan Native 1,567 $322,398,000 $205,000 $1,820,000 $97,000 $8,582,000
Native Hawaiin or Other Pacific Islander 1,114 $332,021,000 $298,000 $4,000,000 $99,000 $1,212,000

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) 365,676 $134,010,416,000 $366,000 $99,999,000 $143,000 $9,999,000
FHA-insured (Federal Housing Administration) 88,779 $22,331,840,000 $251,000 $99,999,000 $59,000 $9,999,000
VA-guaranteed (Veterans Administration) 19,439 $4,600,437,000 $236,000 $1,532,000 $64,000 $3,000,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,419 $410,576,000 $120,000 $1,205,000 $40,000 $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 246,292 $88,444,571,000 $359,000 $99,999,000 $138,000 $9,999,000
Application Denied By Financial Institution 85,288 $23,579,431,000 $276,000 $99,999,000 $107,000 $9,999,000
Loan Purchased By The Institution 64,582 $18,301,797,000 $283,000 $95,000,000 $62,000 $3,721,000
Application Withdrawn By Applicant 45,397 $18,320,405,000 $403,000 $99,999,000 $155,000 $9,999,000
File Closed For Incompleteness 21,297 $7,640,454,000 $358,000 $26,000,000 $140,000 $9,999,000
Application Approved But Not Accepted 14,453 $5,065,362,000 $350,000 $19,000,000 $140,000 $9,999,000
Preapproval Denied by Financial Institution 3 $774,000 $258,000 $325,000 $116,000 $188,000
Preapproval Approved but not Accepted 1 $475,000 $475,000 $475,000 $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 16,593 $5,205,563,000 $313,000 $52,500,000 $87,000 $9,999,000
Credit History 13,277 $1,989,722,000 $149,000 $10,250,000 $91,000 $8,025,000
Collateral 11,010 $3,397,430,000 $308,000 $99,999,000 $137,000 $9,999,000
Credit Application Incomplete 6,713 $2,063,769,000 $307,000 $13,500,000 $143,000 $9,999,000
Other 5,971 $2,489,136,000 $416,000 $99,999,000 $136,000 $9,999,000
Unverifiable Information 1,912 $735,060,000 $384,000 $10,000,000 $157,000 $3,716,000
Insufficient Cash (Downpayment, Closing Cost) 1,616 $667,658,000 $413,000 $8,400,000 $144,000 $8,129,000
Employment History 694 $155,892,000 $224,000 $3,950,000 $81,000 $1,248,000
Mortgage Insurance Denied 117 $17,848,000 $152,000 $2,400,000 $67,000 $468,000
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Mortgage Loan Application Totals in 2016 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 31,735 $ 5,986,991,000 $ 188,000 $ 86,000
BINGHAMTON, NY 6,376 $ 652,611,000 $ 102,000 $ 65,000
BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY 33,041 $ 4,528,334,000 $ 137,000 $ 71,000
DUTCHESS COUNTY-PUTNAM COUNTY, NY 12,589 $ 3,143,259,000 $ 249,000 $ 110,000
ELMIRA, NY 2,533 $ 232,446,000 $ 91,000 $ 70,000
GLENS FALLS, NY 4,650 $ 772,616,000 $ 166,000 $ 87,000
ITHACA, NY 2,100 $ 361,305,000 $ 172,000 $ 99,000
KINGSTON, NY 5,124 $ 933,383,000 $ 182,000 $ 102,000
NASSAU COUNTY-SUFFOLK COUNTY, NY 96,493 $ 35,044,670,000 $ 363,000 $ 143,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 173,256 $ 96,084,390,000 $ 554,000 $ 166,000
ROCHESTER, NY 37,431 $ 4,824,265,000 $ 128,000 $ 76,000
SYRACUSE, NY 21,279 $ 2,660,828,000 $ 125,000 $ 75,000
UTICA-ROME, NY 9,171 $ 883,005,000 $ 96,000 $ 70,000
WATERTOWN-FORT DRUM, NY 3,625 $ 481,573,000 $ 132,000 $ 71,000
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Mortgage Loan Application Totals in 2016 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 10,019 $ 1,924,316,000 $ 192,000 $ 89,000
Allegany 1,068 $ 66,510,000 $ 62,000 $ 58,000
Bronx 12,457 $ 5,782,235,000 $ 464,000 $ 83,000
Broome 4,883 $ 508,982,000 $ 104,000 $ 64,000
Cattaraugus 1,837 $ 146,227,000 $ 79,000 $ 65,000
Cayuga 2,334 $ 227,146,000 $ 97,000 $ 69,000
Chautauqua 2,899 $ 264,943,000 $ 91,000 $ 75,000
Chemung 2,541 $ 233,073,000 $ 91,000 $ 70,000
Chenango 1,162 $ 111,005,000 $ 95,000 $ 59,000
Clinton 2,311 $ 271,097,000 $ 117,000 $ 63,000
Columbia 2,096 $ 426,959,000 $ 203,000 $ 120,000
Cortland 1,138 $ 119,953,000 $ 105,000 $ 63,000
Delaware 1,058 $ 132,456,000 $ 125,000 $ 90,000
Dutchess 8,966 $ 2,169,063,000 $ 241,000 $ 107,000
Erie 27,139 $ 3,855,111,000 $ 142,000 $ 73,000
Essex 1,272 $ 194,226,000 $ 152,000 $ 93,000
Franklin 1,067 $ 113,946,000 $ 106,000 $ 85,000
Fulton 1,415 $ 163,969,000 $ 115,000 $ 70,000
Genesee 1,645 $ 160,953,000 $ 97,000 $ 57,000
Greene 1,817 $ 291,648,000 $ 160,000 $ 117,000
Hamilton 249 $ 39,467,000 $ 158,000 $ 121,000
Herkimer 2,110 $ 181,640,000 $ 86,000 $ 68,000
Jefferson 3,628 $ 481,827,000 $ 132,000 $ 71,000
Kings 34,989 $ 21,104,386,000 $ 603,000 $ 145,000
Lewis 906 $ 85,329,000 $ 94,000 $ 62,000
Livingston 2,044 $ 219,804,000 $ 107,000 $ 75,000
Madison 2,290 $ 270,709,000 $ 118,000 $ 77,000
Monroe 25,444 $ 3,425,482,000 $ 134,000 $ 76,000
Montgomery 1,094 $ 112,010,000 $ 102,000 $ 58,000
Nassau 43,637 $ 16,631,452,000 $ 381,000 $ 144,000
New York 24,234 $ 31,160,068,000 $ 1,285,000 $ 419,000
Niagara 5,914 $ 674,240,000 $ 114,000 $ 62,000
Oneida 7,099 $ 704,049,000 $ 99,000 $ 70,000
Onondaga 15,272 $ 2,062,206,000 $ 135,000 $ 77,000
Ontario 4,538 $ 638,509,000 $ 140,000 $ 86,000
Orange 11,812 $ 2,609,754,000 $ 220,000 $ 98,000
Orleans 1,128 $ 91,922,000 $ 81,000 $ 56,000
Oswego 3,757 $ 330,659,000 $ 88,000 $ 63,000
Otsego 1,608 $ 192,421,000 $ 119,000 $ 74,000
Putnam 3,626 $ 974,772,000 $ 268,000 $ 119,000
Queens 40,576 $ 16,150,047,000 $ 398,000 $ 97,000
Rensselaer 5,220 $ 944,348,000 $ 180,000 $ 74,000
Richmond 13,862 $ 4,588,829,000 $ 331,000 $ 101,000
Rockland 8,773 $ 2,946,154,000 $ 335,000 $ 147,000
Saratoga 10,168 $ 2,202,031,000 $ 216,000 $ 98,000
Schenectady 5,444 $ 801,916,000 $ 147,000 $ 72,000
Schoharie 924 $ 117,076,000 $ 126,000 $ 75,000
Schuyler 657 $ 70,155,000 $ 106,000 $ 70,000
Seneca 1,055 $ 99,251,000 $ 94,000 $ 71,000
St. Lawrence 1,801 $ 152,217,000 $ 84,000 $ 68,000
Steuben 2,979 $ 268,629,000 $ 90,000 $ 70,000
Suffolk 52,860 $ 18,413,760,000 $ 348,000 $ 143,000
Sullivan 1,897 $ 285,030,000 $ 150,000 $ 111,000
Tioga 1,524 $ 145,981,000 $ 95,000 $ 70,000
Tompkins 2,111 $ 362,210,000 $ 171,000 $ 98,000
Ulster 5,128 $ 933,708,000 $ 182,000 $ 102,000
Warren 2,550 $ 492,096,000 $ 192,000 $ 100,000
Washington 2,108 $ 281,373,000 $ 133,000 $ 70,000
Wayne 3,386 $ 331,676,000 $ 97,000 $ 63,000
Westchester 26,568 $ 11,744,862,000 $ 442,000 $ 178,000
Wyoming 1,127 $ 103,080,000 $ 91,000 $ 57,000
Yates 899 $ 117,191,000 $ 130,000 $ 93,000
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