AllMortgageDetail - Mortgage Application Details

NEWARK, NJ-PA
Mortgage Loan Application
Totals and Details
for 2014

Download the entire list of lenders located in New Jersey to a Spreadsheet or Other File Type
Years 2014  2003  
Total Number of Mortgage Applications 72,738
Total Mortgage Loan Application Amount $22,813,731,000
Average Mortgage Loan Application Amount $313,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $126,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for NEWARK, NJ-PA 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 36,499 $12,447,899,000 $341,000 $99,999,000 $128,000 $9,660,000
Refinancing 34,048 $10,186,918,000 $299,000 $52,883,000 $121,000 $9,999,000
Home Improvement 5,184 $607,588,000 $117,000 $15,521,000 $114,000 $1,958,000

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 39,251 $11,921,356,000 $303,000 $6,000,000 $150,000 $9,999,000
Not applicable 9,080 $3,871,859,000 $426,000 $99,999,000 $25,000 $2,495,000
Not Provided 7,819 $2,351,419,000 $300,000 $6,500,000 $144,000 $6,223,000
Hispanic 6,738 $1,500,774,000 $222,000 $3,600,000 $90,000 $1,900,000
Black or African American 6,613 $1,341,402,000 $202,000 $2,080,000 $84,000 $2,750,000
Asian 5,879 $2,159,594,000 $367,000 $1,944,000 $162,000 $1,799,000
Native Hawaiin or Other Pacific Islander 179 $50,528,000 $282,000 $1,475,000 $115,000 $632,000
American Indian or Alaskan Native 172 $45,473,000 $264,000 $1,205,000 $112,000 $450,000

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) 59,375 $19,050,955,000 $320,000 $99,999,000 $141,000 $9,999,000
FHA-insured (Federal Housing Administration) 13,663 $3,440,493,000 $251,000 $52,883,000 $61,000 $1,075,000
VA-guaranteed (Veterans Administration) 2,199 $662,491,000 $301,000 $1,085,000 $82,000 $981,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 494 $88,466,000 $179,000 $2,200,000 $60,000 $3,450,000

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 36,596 $12,289,740,000 $335,000 $99,999,000 $148,000 $7,384,000
Application Denied By Financial Institution 13,534 $3,422,824,000 $252,000 $99,999,000 $111,000 $4,050,000
Loan Purchased By The Institution 11,379 $3,164,885,000 $278,000 $18,670,000 $46,000 $1,980,000
Application Withdrawn By Applicant 8,371 $2,680,204,000 $320,000 $52,883,000 $138,000 $9,660,000
File Closed For Incompleteness 3,484 $969,192,000 $278,000 $2,475,000 $141,000 $9,999,000
Application Approved But Not Accepted 2,367 $715,560,000 $302,000 $18,795,000 $137,000 $2,196,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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 2,765 $682,166,000 $246,000 $2,800,000 $87,000 $3,385,000
Credit History 2,248 $345,347,000 $153,000 $1,800,000 $99,000 $2,750,000
Collateral 2,139 $567,071,000 $265,000 $3,300,000 $144,000 $4,050,000
Credit Application Incomplete 1,420 $427,908,000 $301,000 $3,000,000 $146,000 $3,542,000
Other 872 $244,365,000 $280,000 $19,000,000 $143,000 $2,949,000
Insufficient Cash (Downpayment, Closing Cost) 328 $92,832,000 $283,000 $2,906,000 $121,000 $1,137,000
Unverifiable Information 326 $91,020,000 $279,000 $2,172,000 $132,000 $1,000,000
Employment History 114 $26,766,000 $234,000 $725,000 $105,000 $1,262,000
Mortgage Insurance Denied 10 $3,446,000 $344,000 $600,000 $196,000 $841,000