AllMortgageDetail - Mortgage Application Details

North Carolina
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 387,592
Total Mortgage Loan Application Amount $68,718,781,000
Average Mortgage Loan Application Amount $177,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $75,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for North Carolina 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 206,091 $39,765,957,000 $192,000 $46,080,000 $78,000 $9,999,000
Refinancing 156,975 $27,240,839,000 $173,000 $99,999,000 $73,000 $9,999,000
Home Improvement 24,526 $1,711,985,000 $69,000 $58,500,000 $68,000 $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 236,856 $41,189,959,000 $173,000 $6,814,000 $88,000 $9,999,000
Black or African American 46,588 $5,946,338,000 $127,000 $2,980,000 $56,000 $9,999,000
Not applicable 42,215 $11,226,272,000 $265,000 $99,999,000 $16,000 $2,667,000
Not Provided 33,573 $5,804,795,000 $172,000 $3,500,000 $85,000 $4,056,000
Hispanic 14,692 $1,952,034,000 $132,000 $3,290,000 $58,000 $3,424,000
Asian 10,175 $2,157,967,000 $212,000 $2,457,000 $108,000 $9,000,000
American Indian or Alaskan Native 2,779 $327,369,000 $117,000 $1,800,000 $57,000 $737,000
Native Hawaiin or Other Pacific Islander 714 $114,047,000 $159,000 $1,250,000 $72,000 $822,000

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) 269,832 $50,046,044,000 $185,000 $99,999,000 $89,000 $9,999,000
FHA-insured (Federal Housing Administration) 53,123 $7,345,465,000 $138,000 $43,605,000 $38,000 $2,172,000
VA-guaranteed (Veterans Administration) 49,492 $9,243,627,000 $186,000 $1,240,000 $50,000 $1,920,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 15,145 $2,083,645,000 $137,000 $2,660,000 $33,000 $4,056,000

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 190,568 $36,527,423,000 $191,000 $58,500,000 $89,000 $9,770,000
Application Denied By Financial Institution 72,578 $9,594,621,000 $132,000 $31,000,000 $64,000 $9,999,000
Loan Purchased By The Institution 58,832 $10,412,141,000 $176,000 $6,617,000 $34,000 $2,667,000
Application Withdrawn By Applicant 37,615 $7,724,105,000 $205,000 $99,999,000 $86,000 $9,999,000
Application Approved But Not Accepted 16,539 $2,467,919,000 $149,000 $24,500,000 $76,000 $8,608,000
File Closed For Incompleteness 11,409 $1,983,922,000 $173,000 $5,100,000 $85,000 $9,000,000
Preapproval Approved but not Accepted 26 $5,255,000 $202,000 $417,000 $82,000 $255,000
Preapproval Denied by Financial Institution 25 $3,395,000 $135,000 $325,000 $53,000 $115,000

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
Credit History 17,020 $1,449,328,000 $85,000 $1,788,000 $59,000 $9,999,000
Debt-To-Income Ratio 10,814 $1,623,133,000 $150,000 $28,000,000 $55,000 $4,160,000
Collateral 9,120 $1,494,998,000 $163,000 $19,300,000 $90,000 $2,400,000
Credit Application Incomplete 4,307 $771,035,000 $179,000 $2,580,000 $89,000 $2,305,000
Other 4,000 $623,734,000 $155,000 $20,500,000 $79,000 $9,784,000
Insufficient Cash (Downpayment, Closing Cost) 1,388 $244,417,000 $176,000 $22,970,000 $72,000 $1,500,000
Unverifiable Information 1,233 $201,527,000 $163,000 $1,600,000 $79,000 $1,188,000
Employment History 636 $96,285,000 $151,000 $1,202,000 $63,000 $1,424,000
Mortgage Insurance Denied 26 $4,699,000 $180,000 $392,000 $98,000 $196,000

Mortgage Loan Application Totals in 2014 by North Carolina 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
ASHEVILLE, NC 18,329 $ 3,465,796,000 $ 189,000 $ 76,000
BURLINGTON, NC 6,097 $ 831,685,000 $ 136,000 $ 58,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 89,675 $ 17,694,230,000 $ 197,000 $ 83,000
DURHAM-CHAPEL HILL, NC 21,247 $ 4,369,350,000 $ 205,000 $ 87,000
FAYETTEVILLE, NC 16,417 $ 2,405,442,000 $ 146,000 $ 52,000
GOLDSBORO, NC 3,098 $ 386,405,000 $ 124,000 $ 54,000
GREENSBORO-HIGH POINT, NC 24,591 $ 3,695,145,000 $ 150,000 $ 63,000
GREENVILLE, NC 4,957 $ 767,579,000 $ 154,000 $ 65,000
HICKORY-LENOIR-MORGANTON, NC 11,053 $ 1,444,812,000 $ 130,000 $ 60,000
JACKSONVILLE, NC 9,543 $ 1,409,345,000 $ 147,000 $ 51,000
NEW BERN, NC 4,474 $ 633,483,000 $ 141,000 $ 61,000
RALEIGH, NC 60,715 $ 12,941,918,000 $ 213,000 $ 85,000
ROCKY MOUNT, NC 3,912 $ 531,730,000 $ 135,000 $ 53,000
WILMINGTON, NC 12,946 $ 2,731,773,000 $ 211,000 $ 89,000
WINSTON-SALEM, NC 21,917 $ 3,215,510,000 $ 146,000 $ 63,000

Mortgage Loan Application Totals in 2014 by North Carolina County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Alamance 6,103 $ 832,385,000 $ 136,000 $ 58,000
Alexander 967 $ 121,575,000 $ 125,000 $ 59,000
Alleghany 326 $ 43,739,000 $ 134,000 $ 79,000
Anson 455 $ 43,983,000 $ 96,000 $ 55,000
Ashe 852 $ 132,962,000 $ 156,000 $ 85,000
Avery 668 $ 142,203,000 $ 212,000 $ 134,000
Beaufort 1,245 $ 159,185,000 $ 127,000 $ 69,000
Bertie 421 $ 37,164,000 $ 88,000 $ 54,000
Bladen 745 $ 70,703,000 $ 94,000 $ 56,000
Brunswick 7,673 $ 1,457,420,000 $ 189,000 $ 96,000
Buncombe 10,628 $ 2,254,582,000 $ 212,000 $ 81,000
Burke 2,334 $ 278,418,000 $ 119,000 $ 61,000
Cabarrus 8,950 $ 1,634,140,000 $ 182,000 $ 70,000
Caldwell 2,595 $ 299,991,000 $ 115,000 $ 53,000
Camden 485 $ 91,293,000 $ 188,000 $ 70,000
Carteret 3,550 $ 702,745,000 $ 197,000 $ 107,000
Caswell 637 $ 76,736,000 $ 120,000 $ 58,000
Catawba 5,166 $ 745,329,000 $ 144,000 $ 63,000
Chatham 2,941 $ 690,627,000 $ 234,000 $ 99,000
Cherokee 995 $ 119,361,000 $ 119,000 $ 65,000
Chowan 492 $ 66,408,000 $ 134,000 $ 65,000
Clay 422 $ 68,245,000 $ 161,000 $ 90,000
Cleveland 3,118 $ 340,980,000 $ 109,000 $ 53,000
Columbus 1,250 $ 119,670,000 $ 95,000 $ 50,000
Craven 3,815 $ 548,517,000 $ 143,000 $ 61,000
Cumberland 13,808 $ 2,007,997,000 $ 145,000 $ 53,000
Currituck 1,973 $ 503,207,000 $ 255,000 $ 118,000
Dare 3,050 $ 803,576,000 $ 263,000 $ 148,000
Davidson 5,624 $ 740,014,000 $ 131,000 $ 56,000
Davie 1,575 $ 252,662,000 $ 160,000 $ 70,000
Duplin 1,081 $ 116,105,000 $ 107,000 $ 52,000
Durham 12,311 $ 2,296,665,000 $ 186,000 $ 77,000
Edgecombe 1,062 $ 189,387,000 $ 178,000 $ 46,000
Forsyth 12,398 $ 1,985,869,000 $ 160,000 $ 68,000
Franklin 2,647 $ 380,365,000 $ 143,000 $ 58,000
Gaston 8,045 $ 1,046,160,000 $ 130,000 $ 59,000
Gates 470 $ 55,530,000 $ 118,000 $ 47,000
Graham 245 $ 32,976,000 $ 134,000 $ 78,000
Granville 2,238 $ 313,428,000 $ 140,000 $ 63,000
Greene 356 $ 36,925,000 $ 103,000 $ 51,000
Guilford 17,592 $ 2,928,692,000 $ 166,000 $ 68,000
Halifax 1,157 $ 120,700,000 $ 104,000 $ 56,000
Harnett 5,459 $ 825,864,000 $ 151,000 $ 52,000
Haywood 2,216 $ 319,960,000 $ 144,000 $ 71,000
Henderson 4,772 $ 781,378,000 $ 163,000 $ 67,000
Hertford 493 $ 47,329,000 $ 96,000 $ 49,000
Hoke 2,715 $ 405,636,000 $ 149,000 $ 46,000
Hyde 132 $ 18,183,000 $ 137,000 $ 81,000
Iredell 7,376 $ 1,462,492,000 $ 198,000 $ 86,000
Jackson 1,311 $ 310,280,000 $ 236,000 $ 155,000
Johnston 8,532 $ 1,303,978,000 $ 152,000 $ 60,000
Jones 333 $ 39,050,000 $ 117,000 $ 54,000
Lee 1,907 $ 268,574,000 $ 140,000 $ 57,000
Lenoir 1,212 $ 127,302,000 $ 105,000 $ 59,000
Lincoln 3,372 $ 603,541,000 $ 178,000 $ 75,000
Macon 1,356 $ 229,594,000 $ 169,000 $ 87,000
Madison 729 $ 111,464,000 $ 152,000 $ 72,000
Martin 507 $ 47,043,000 $ 92,000 $ 53,000
McDowell 1,212 $ 146,529,000 $ 120,000 $ 63,000
Mecklenburg 46,104 $ 10,045,756,000 $ 217,000 $ 90,000
Mitchell 407 $ 46,955,000 $ 115,000 $ 59,000
Montgomery 728 $ 100,034,000 $ 137,000 $ 83,000
Moore 4,109 $ 806,575,000 $ 196,000 $ 82,000
Nash 2,864 $ 343,248,000 $ 119,000 $ 55,000
New Hanover 10,025 $ 2,195,720,000 $ 219,000 $ 92,000
Northampton 464 $ 60,156,000 $ 129,000 $ 69,000
Onslow 9,580 $ 1,415,012,000 $ 147,000 $ 51,000
Orange 4,726 $ 1,233,963,000 $ 261,000 $ 110,000
Pamlico 352 $ 48,173,000 $ 136,000 $ 71,000
Pasquotank 1,472 $ 203,322,000 $ 138,000 $ 61,000
Pender 2,940 $ 538,433,000 $ 183,000 $ 78,000
Perquimans 472 $ 73,103,000 $ 154,000 $ 66,000
Person 1,294 $ 171,821,000 $ 132,000 $ 60,000
Pitt 4,972 $ 768,470,000 $ 154,000 $ 65,000
Polk 683 $ 119,353,000 $ 174,000 $ 80,000
Randolph 4,310 $ 488,372,000 $ 113,000 $ 52,000
Richmond 952 $ 88,544,000 $ 93,000 $ 54,000
Robeson 2,500 $ 234,266,000 $ 93,000 $ 48,000
Rockingham 2,726 $ 297,386,000 $ 109,000 $ 50,000
Rowan 4,362 $ 520,212,000 $ 119,000 $ 55,000
Rutherford 1,833 $ 229,992,000 $ 125,000 $ 68,000
Sampson 1,472 $ 147,978,000 $ 100,000 $ 58,000
Scotland 820 $ 72,611,000 $ 88,000 $ 48,000
Stanly 1,983 $ 234,403,000 $ 118,000 $ 54,000
Stokes 1,333 $ 147,345,000 $ 110,000 $ 50,000
Surry 1,938 $ 216,467,000 $ 111,000 $ 53,000
Swain 427 $ 60,717,000 $ 142,000 $ 87,000
Transylvania 1,120 $ 234,470,000 $ 209,000 $ 97,000
Tyrrell 106 $ 10,602,000 $ 100,000 $ 49,000
Union 11,576 $ 2,522,782,000 $ 217,000 $ 87,000
Vance 876 $ 94,392,000 $ 107,000 $ 51,000
Wake 49,604 $ 11,314,228,000 $ 228,000 $ 91,000
Warren 519 $ 75,601,000 $ 145,000 $ 91,000
Washington 284 $ 25,480,000 $ 89,000 $ 50,000
Watauga 1,682 $ 376,888,000 $ 224,000 $ 117,000
Wayne 3,135 $ 389,273,000 $ 124,000 $ 53,000
Wilkes 1,813 $ 208,173,000 $ 114,000 $ 57,000
Wilson 2,093 $ 259,581,000 $ 124,000 $ 58,000
Yadkin 1,027 $ 109,014,000 $ 106,000 $ 52,000
Yancey 598 $ 84,122,000 $ 140,000 $ 86,000