New York
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for New York.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of New York.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 566,504
Total Mortgage Loan Application Amount $208,819,955,000
Average Mortgage Loan Application Amount $368,000
Highest Mortgage Loan Application Amount $99,705,000
Average Applicant Income $159,000
Highest Applicant Income $9,968,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in New York, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for New York in 2019

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 237,701 $92,498,530,000 $389,000 $99,705,000 $153,000 $9,841,000
Refinancing 109,089 $58,852,660,000 $539,000 $95,165,000 $199,000 $9,968,000
Cash-out Refinancing 99,142 $39,204,545,000 $395,000 $96,175,000 $150,000 $9,968,000
Home Improvement 63,095 $7,910,890,000 $125,000 $50,365,000 $137,000 $9,600,000
Other Purpose 49,812 $8,672,115,000 $174,000 $28,005,000 $156,000 $9,926,000
Not Applicable 7,665 $1,681,215,000 $219,000 $3,485,000 $115,000 $3,343,000

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 328,330 $92,510,765,000 $281,000 $42,735,000 $160,000 $9,935,000
Not Provided 69,747 $28,408,915,000 $407,000 $46,025,000 $209,000 $9,968,000
Not applicable 46,492 $46,626,490,000 $1,004,000 $99,705,000 $121,000 $7,248,000
Asian 37,820 $16,337,040,000 $431,000 $28,505,000 $162,000 $9,702,000
Hispanic 37,507 $11,026,455,000 $293,000 $11,005,000 $116,000 $8,000,000
Black or African American 36,686 $10,678,010,000 $291,000 $10,005,000 $107,000 $8,138,000
American Indian or Alaskan Native 1,905 $376,445,000 $197,000 $5,755,000 $112,000 $3,900,000
Native Hawaiian or Other Pacific Islander 666 $184,570,000 $277,000 $3,255,000 $123,000 $2,100,000

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) 475,595 $183,313,010,000 $385,000 $99,705,000 $171,000 $9,968,000
FHA-insured (Federal Housing Administration) 70,775 $20,537,285,000 $290,000 $74,985,000 $85,000 $5,208,000
VA-guaranteed (Veterans Administration) 17,611 $4,652,555,000 $264,000 $1,765,000 $88,000 $1,260,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,523 $317,105,000 $125,000 $955,000 $54,000 $152,000

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 307,264 $126,386,095,000 $411,000 $99,705,000 $168,000 $9,968,000
Application Denied By Financial Institution 107,337 $25,969,260,000 $241,000 $96,175,000 $124,000 $9,600,000
Application Withdrawn By Applicant 58,696 $26,149,250,000 $445,000 $90,005,000 $189,000 $9,520,000
Loan Purchased By The Institution 56,542 $16,772,835,000 $296,000 $53,005,000 $118,000 $7,248,000
File Closed For Incompleteness 21,753 $8,310,085,000 $382,000 $48,505,000 $182,000 $7,190,000
Application Approved But Not Accepted 14,712 $5,161,390,000 $350,000 $65,005,000 $162,000 $8,494,000
Preapproval Approved but not Accepted 117 $44,225,000 $377,000 $2,805,000 $122,000 $809,000
Preapproval Denied by Financial Institution 83 $26,815,000 $323,000 $1,105,000 $92,000 $530,000

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
Not applicable 451,624 $178,408,275,000 $395,000 $95,165,000 $168,000 $9,968,000
Debt-To-Income Ratio 45,753 $14,224,520,000 $310,000 $99,705,000 $99,000 $9,355,000
Credit History 26,628 $3,888,580,000 $146,000 $14,005,000 $121,000 $9,600,000
Collateral 18,446 $4,845,280,000 $262,000 $96,175,000 $158,000 $8,732,000
Other 8,948 $2,956,775,000 $330,000 $36,005,000 $161,000 $8,200,000
Credit Application Incomplete 8,385 $2,340,225,000 $279,000 $20,005,000 $151,000 $5,200,000
Unverifiable Information 3,931 $1,036,955,000 $263,000 $15,755,000 $161,000 $8,016,000
Insufficient Cash (Downpayment, Closing Cost) 1,757 $849,995,000 $483,000 $23,005,000 $186,000 $5,748,000
Employment History 963 $259,135,000 $269,000 $6,095,000 $82,000 $1,600,000
Mortgage Insurance Denied 69 $10,215,000 $148,000 $595,000 $84,000 $250,000
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Mortgage Loan Application Totals in 2019 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 37,523 $ 6,979,510,000 $ 186,000 $ 103,000
BINGHAMTON, NY 7,007 $ 768,145,000 $ 109,000 $ 81,000
BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY 41,657 $ 6,310,615,000 $ 151,000 $ 92,000
ELMIRA, NY 2,759 $ 282,145,000 $ 102,000 $ 79,000
GLENS FALLS, NY 5,183 $ 853,235,000 $ 164,000 $ 104,000
ITHACA, NY 2,067 $ 473,780,000 $ 229,000 $ 112,000
KINGSTON, NY 6,329 $ 1,249,595,000 $ 197,000 $ 130,000
NASSAU COUNTY-SUFFOLK COUNTY, NY 129,732 $ 49,167,765,000 $ 378,000 $ 184,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 190,305 $ 120,288,380,000 $ 632,000 $ 222,000
NEW YORK-NEWARK, NY 27,274 $ 6,135,050,000 $ 224,000 $ 124,000
NEW YORK-NEWARK, NY n/a $ n/a $ n/a $ n/a
ROCHESTER, NY 42,755 $ 5,696,675,000 $ 133,000 $ 95,000
SYRACUSE, NY 22,330 $ 3,007,890,000 $ 134,000 $ 93,000
UTICA-ROME, NY 8,678 $ 982,100,000 $ 113,000 $ 82,000
WATERTOWN-FORT DRUM, NY 3,726 $ 501,390,000 $ 134,000 $ 88,000
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Mortgage Loan Application Totals in 2019 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 12,143 $ 2,354,005,000 $ 193,000 $ 105,000
Allegany 921 $ 75,675,000 $ 82,000 $ 72,000
Bronx 14,317 $ 9,027,005,000 $ 630,000 $ 118,000
Broome 5,542 $ 627,260,000 $ 113,000 $ 82,000
Cattaraugus 1,689 $ 163,425,000 $ 96,000 $ 84,000
Cayuga 2,309 $ 261,045,000 $ 113,000 $ 82,000
Chautauqua 3,004 $ 327,340,000 $ 108,000 $ 87,000
Chemung 2,763 $ 282,405,000 $ 102,000 $ 79,000
Chenango 1,195 $ 123,625,000 $ 103,000 $ 71,000
Clinton 1,966 $ 264,390,000 $ 134,000 $ 87,000
Columbia 2,537 $ 530,685,000 $ 209,000 $ 139,000
Cortland 1,316 $ 152,500,000 $ 115,000 $ 78,000
Delaware 1,231 $ 161,265,000 $ 131,000 $ 107,000
Dutchess 11,379 $ 2,503,305,000 $ 219,000 $ 129,000
Erie 34,075 $ 5,390,055,000 $ 158,000 $ 94,000
Essex 1,205 $ 215,935,000 $ 179,000 $ 124,000
Franklin 973 $ 124,865,000 $ 128,000 $ 99,000
Fulton 1,625 $ 209,605,000 $ 128,000 $ 81,000
Genesee 1,827 $ 197,775,000 $ 108,000 $ 77,000
Greene 2,233 $ 381,315,000 $ 170,000 $ 131,000
Hamilton 310 $ 54,130,000 $ 174,000 $ 114,000
Herkimer 1,825 $ 197,835,000 $ 108,000 $ 86,000
Jefferson 3,729 $ 501,695,000 $ 134,000 $ 88,000
Kings 41,129 $ 30,490,770,000 $ 741,000 $ 211,000
Lewis 910 $ 89,610,000 $ 98,000 $ 79,000
Livingston 2,000 $ 263,800,000 $ 131,000 $ 90,000
Madison 2,302 $ 289,040,000 $ 125,000 $ 92,000
Monroe 30,181 $ 4,053,615,000 $ 134,000 $ 95,000
Montgomery 1,476 $ 145,770,000 $ 98,000 $ 73,000
Nassau 58,995 $ 23,005,295,000 $ 389,000 $ 183,000
New York 24,781 $ 36,096,610,000 $ 1,458,000 $ 563,000
Niagara 7,593 $ 921,115,000 $ 121,000 $ 80,000
Oneida 6,880 $ 785,870,000 $ 114,000 $ 81,000
Onondaga 16,301 $ 2,331,965,000 $ 143,000 $ 96,000
Ontario 4,770 $ 754,580,000 $ 158,000 $ 111,000
Orange 15,918 $ 3,708,610,000 $ 232,000 $ 121,000
Orleans 1,295 $ 120,245,000 $ 92,000 $ 70,000
Oswego 3,750 $ 388,680,000 $ 103,000 $ 80,000
Otsego 1,688 $ 227,340,000 $ 134,000 $ 93,000
Putnam 4,228 $ 1,083,530,000 $ 256,000 $ 143,000
Queens 45,551 $ 20,521,660,000 $ 450,000 $ 132,000
Rensselaer 6,594 $ 1,097,420,000 $ 166,000 $ 94,000
Richmond 16,975 $ 5,747,140,000 $ 338,000 $ 130,000
Rockland 11,084 $ 3,752,175,000 $ 338,000 $ 170,000
Saratoga 11,129 $ 2,386,750,000 $ 214,000 $ 116,000
Schenectady 6,553 $ 1,000,895,000 $ 152,000 $ 87,000
Schoharie 1,158 $ 144,830,000 $ 125,000 $ 83,000
Schuyler 671 $ 82,945,000 $ 123,000 $ 85,000
Seneca 891 $ 105,375,000 $ 118,000 $ 88,000
St. Lawrence 1,863 $ 207,675,000 $ 111,000 $ 84,000
Steuben 3,057 $ 324,795,000 $ 106,000 $ 84,000
Suffolk 70,751 $ 26,216,170,000 $ 370,000 $ 185,000
Sullivan 2,761 $ 445,125,000 $ 161,000 $ 123,000
Tioga 1,485 $ 163,295,000 $ 109,000 $ 79,000
Tompkins 2,068 $ 473,815,000 $ 229,000 $ 112,000
Ulster 6,346 $ 1,251,080,000 $ 197,000 $ 129,000
Warren 2,931 $ 546,745,000 $ 186,000 $ 121,000
Washington 2,260 $ 307,100,000 $ 135,000 $ 82,000
Wayne 3,675 $ 392,755,000 $ 106,000 $ 80,000
Westchester 32,418 $ 14,494,415,000 $ 447,000 $ 233,000
Wyoming 1,109 $ 125,175,000 $ 112,000 $ 74,000
Yates 863 $ 149,035,000 $ 172,000 $ 113,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in New York.

If you prefer, you can download a copy of the entire list of mortgage lenders in New York and search similar information back through 2003.

Download the New York Lender List