North Carolina
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 519,897
Total Mortgage Loan Application Amount $104,546,363,000
Average Mortgage Loan Application Amount $201,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $81,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for North Carolina 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 255,333 $54,305,106,000 $212,000 $99,999,000 $83,000 $9,999,000
Refinancing 238,471 $47,616,113,000 $199,000 $99,999,000 $78,000 $9,999,000
Home Improvement 26,093 $2,625,144,000 $100,000 $60,600,000 $80,000 $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 319,237 $63,288,518,000 $198,000 $99,999,000 $93,000 $9,999,000
Black or African American 62,793 $9,238,350,000 $147,000 $10,001,000 $57,000 $6,166,000
Not Provided 48,071 $9,840,953,000 $204,000 $98,188,000 $91,000 $9,999,000
Not applicable 47,558 $14,310,533,000 $300,000 $99,999,000 $21,000 $6,549,000
Hispanic 21,475 $3,375,326,000 $157,000 $99,999,000 $62,000 $6,005,000
Asian 15,837 $3,746,993,000 $236,000 $1,792,000 $109,000 $2,521,000
American Indian or Alaskan Native 3,980 $571,384,000 $143,000 $10,001,000 $63,000 $2,392,000
Native Hawaiin or Other Pacific Islander 946 $174,306,000 $184,000 $1,037,000 $80,000 $1,692,000

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) 350,246 $73,876,733,000 $210,000 $99,999,000 $99,000 $9,999,000
FHA-insured (Federal Housing Administration) 81,617 $13,336,086,000 $163,000 $98,188,000 $40,000 $7,500,000
VA-guaranteed (Veterans Administration) 74,878 $15,258,739,000 $203,000 $10,001,000 $47,000 $6,299,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 13,156 $2,074,805,000 $157,000 $99,999,000 $36,000 $392,000

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 262,765 $56,463,585,000 $214,000 $99,000,000 $92,000 $9,999,000
Application Denied By Financial Institution 91,135 $15,125,927,000 $165,000 $99,999,000 $70,000 $9,999,000
Loan Purchased By The Institution 65,947 $13,343,065,000 $202,000 $76,100,000 $46,000 $6,549,000
Application Withdrawn By Applicant 56,830 $12,012,344,000 $211,000 $99,999,000 $89,000 $8,000,000
File Closed For Incompleteness 27,206 $4,280,600,000 $157,000 $10,000,000 $69,000 $9,999,000
Application Approved But Not Accepted 16,004 $3,318,579,000 $207,000 $85,900,000 $87,000 $3,572,000
Preapproval Approved but not Accepted 8 $1,779,000 $222,000 $395,000 $80,000 $172,000
Preapproval Denied by Financial Institution 2 $484,000 $242,000 $350,000 $91,000 $152,000

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 14,592 $2,255,110,000 $154,000 $98,188,000 $67,000 $9,999,000
Debt-To-Income Ratio 11,216 $1,834,037,000 $163,000 $10,001,000 $55,000 $1,760,000
Collateral 8,918 $1,624,450,000 $182,000 $10,001,000 $94,000 $4,769,000
Credit Application Incomplete 5,781 $1,064,815,000 $184,000 $3,767,000 $89,000 $9,999,000
Other 4,403 $995,558,000 $226,000 $99,999,000 $79,000 $6,005,000
Unverifiable Information 1,786 $299,985,000 $167,000 $1,440,000 $81,000 $2,149,000
Insufficient Cash (Downpayment, Closing Cost) 1,341 $260,306,000 $194,000 $19,000,000 $80,000 $1,981,000
Employment History 684 $120,358,000 $175,000 $2,292,000 $61,000 $1,317,000
Mortgage Insurance Denied 9 $1,535,000 $170,000 $399,000 $59,000 $149,000
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Mortgage Loan Application Totals in 2016 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 25,390 $ 5,236,737,000 $ 206,000 $ 83,000
BURLINGTON, NC 7,641 $ 1,198,734,000 $ 156,000 $ 61,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 127,836 $ 29,117,073,000 $ 227,000 $ 89,000
DURHAM-CHAPEL HILL, NC 28,389 $ 6,559,411,000 $ 231,000 $ 96,000
FAYETTEVILLE, NC 19,934 $ 3,194,281,000 $ 160,000 $ 49,000
GOLDSBORO, NC 3,824 $ 507,190,000 $ 132,000 $ 52,000
GREENSBORO-HIGH POINT, NC 31,042 $ 5,531,829,000 $ 178,000 $ 69,000
GREENVILLE, NC 6,432 $ 1,099,646,000 $ 170,000 $ 74,000
HICKORY-LENOIR-MORGANTON, NC 13,789 $ 2,027,084,000 $ 147,000 $ 64,000
JACKSONVILLE, NC 11,839 $ 1,927,038,000 $ 162,000 $ 53,000
NEW BERN, NC 5,737 $ 977,107,000 $ 170,000 $ 65,000
RALEIGH, NC 85,590 $ 20,157,344,000 $ 235,000 $ 92,000
ROCKY MOUNT, NC 4,787 $ 572,191,000 $ 119,000 $ 57,000
WILMINGTON, NC 19,054 $ 4,384,659,000 $ 230,000 $ 97,000
WINSTON-SALEM, NC 28,007 $ 4,632,055,000 $ 165,000 $ 67,000
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Mortgage Loan Application Totals in 2016 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 7,645 $ 1,198,876,000 $ 156,000 $ 61,000
Alexander 1,177 $ 174,315,000 $ 148,000 $ 62,000
Alleghany 442 $ 64,261,000 $ 145,000 $ 90,000
Anson 575 $ 56,278,000 $ 97,000 $ 51,000
Ashe 1,157 $ 197,748,000 $ 170,000 $ 87,000
Avery 928 $ 198,423,000 $ 213,000 $ 141,000
Beaufort 1,601 $ 220,563,000 $ 137,000 $ 67,000
Bertie 460 $ 43,980,000 $ 95,000 $ 52,000
Bladen 1,000 $ 109,064,000 $ 109,000 $ 57,000
Brunswick 10,639 $ 2,120,738,000 $ 199,000 $ 97,000
Buncombe 14,646 $ 3,286,254,000 $ 224,000 $ 90,000
Burke 2,918 $ 385,791,000 $ 132,000 $ 63,000
Cabarrus 13,329 $ 2,631,929,000 $ 197,000 $ 76,000
Caldwell 2,934 $ 375,713,000 $ 128,000 $ 56,000
Camden 656 $ 133,690,000 $ 203,000 $ 58,000
Carteret 4,761 $ 1,043,763,000 $ 219,000 $ 105,000
Caswell 666 $ 85,426,000 $ 128,000 $ 64,000
Catawba 6,772 $ 1,092,231,000 $ 161,000 $ 68,000
Chatham 3,989 $ 1,054,819,000 $ 264,000 $ 107,000
Cherokee 1,528 $ 217,313,000 $ 142,000 $ 66,000
Chowan 525 $ 83,396,000 $ 158,000 $ 74,000
Clay 596 $ 107,484,000 $ 180,000 $ 88,000
Cleveland 3,743 $ 478,001,000 $ 127,000 $ 55,000
Columbus 1,603 $ 163,184,000 $ 101,000 $ 53,000
Craven 4,899 $ 851,163,000 $ 173,000 $ 64,000
Cumberland 16,483 $ 2,653,019,000 $ 160,000 $ 51,000
Currituck 2,796 $ 794,018,000 $ 283,000 $ 121,000
Dare 4,003 $ 1,087,854,000 $ 271,000 $ 140,000
Davidson 6,840 $ 1,047,582,000 $ 153,000 $ 60,000
Davie 2,046 $ 355,299,000 $ 173,000 $ 71,000
Duplin 1,330 $ 155,023,000 $ 116,000 $ 56,000
Durham 16,476 $ 3,462,972,000 $ 210,000 $ 85,000
Edgecombe 1,177 $ 102,925,000 $ 87,000 $ 50,000
Forsyth 16,225 $ 2,828,448,000 $ 174,000 $ 72,000
Franklin 3,703 $ 595,451,000 $ 160,000 $ 62,000
Gaston 11,230 $ 1,766,716,000 $ 157,000 $ 61,000
Gates 487 $ 64,647,000 $ 132,000 $ 50,000
Graham 325 $ 44,159,000 $ 135,000 $ 72,000
Granville 2,807 $ 459,691,000 $ 163,000 $ 64,000
Greene 455 $ 41,737,000 $ 91,000 $ 52,000
Guilford 22,665 $ 4,338,861,000 $ 191,000 $ 74,000
Halifax 1,423 $ 158,509,000 $ 111,000 $ 63,000
Harnett 7,146 $ 1,187,137,000 $ 166,000 $ 50,000
Haywood 3,219 $ 514,689,000 $ 159,000 $ 72,000
Henderson 6,645 $ 1,278,388,000 $ 192,000 $ 71,000
Hertford 549 $ 57,401,000 $ 104,000 $ 54,000
Hoke 3,514 $ 547,339,000 $ 155,000 $ 41,000
Hyde 171 $ 29,559,000 $ 172,000 $ 82,000
Iredell 10,583 $ 2,457,387,000 $ 232,000 $ 90,000
Jackson 1,798 $ 417,530,000 $ 232,000 $ 135,000
Johnston 11,842 $ 2,028,207,000 $ 171,000 $ 63,000
Jones 349 $ 41,199,000 $ 118,000 $ 59,000
Lee 2,355 $ 363,065,000 $ 154,000 $ 60,000
Lenoir 1,322 $ 133,709,000 $ 101,000 $ 56,000
Lincoln 4,768 $ 1,107,168,000 $ 232,000 $ 84,000
Macon 1,927 $ 360,969,000 $ 187,000 $ 104,000
Madison 908 $ 159,545,000 $ 175,000 $ 77,000
Martin 589 $ 56,487,000 $ 95,000 $ 51,000
McDowell 1,701 $ 245,279,000 $ 144,000 $ 65,000
Mecklenburg 66,005 $ 16,385,718,000 $ 248,000 $ 97,000
Mitchell 542 $ 74,863,000 $ 138,000 $ 66,000
Montgomery 855 $ 134,399,000 $ 157,000 $ 89,000
Moore 5,814 $ 1,283,809,000 $ 220,000 $ 81,000
Nash 3,627 $ 470,383,000 $ 129,000 $ 60,000
New Hanover 14,650 $ 3,481,037,000 $ 237,000 $ 102,000
Northampton 617 $ 80,633,000 $ 130,000 $ 76,000
Onslow 11,852 $ 1,928,714,000 $ 162,000 $ 53,000
Orange 6,339 $ 1,822,296,000 $ 287,000 $ 127,000
Pamlico 495 $ 84,997,000 $ 171,000 $ 77,000
Pasquotank 1,895 $ 295,339,000 $ 155,000 $ 56,000
Pender 4,437 $ 910,206,000 $ 205,000 $ 81,000
Perquimans 708 $ 125,483,000 $ 177,000 $ 62,000
Person 1,603 $ 222,685,000 $ 138,000 $ 62,000
Pitt 6,449 $ 1,100,451,000 $ 170,000 $ 74,000
Polk 971 $ 184,550,000 $ 190,000 $ 79,000
Randolph 5,337 $ 808,704,000 $ 151,000 $ 56,000
Richmond 1,238 $ 118,737,000 $ 95,000 $ 49,000
Robeson 2,984 $ 315,247,000 $ 105,000 $ 49,000
Rockingham 3,071 $ 388,049,000 $ 126,000 $ 56,000
Rowan 5,937 $ 837,941,000 $ 141,000 $ 59,000
Rutherford 2,425 $ 345,577,000 $ 142,000 $ 73,000
Sampson 1,694 $ 188,295,000 $ 111,000 $ 53,000
Scotland 918 $ 89,346,000 $ 97,000 $ 58,000
Stanly 2,568 $ 345,299,000 $ 134,000 $ 62,000
Stokes 1,707 $ 227,910,000 $ 133,000 $ 52,000
Surry 2,340 $ 305,169,000 $ 130,000 $ 57,000
Swain 518 $ 82,365,000 $ 159,000 $ 79,000
Transylvania 1,681 $ 318,786,000 $ 189,000 $ 88,000
Tyrrell 104 $ 10,566,000 $ 101,000 $ 58,000
Union 16,061 $ 3,941,366,000 $ 245,000 $ 96,000
Vance 1,073 $ 132,002,000 $ 123,000 $ 57,000
Wake 70,103 $ 17,542,015,000 $ 250,000 $ 98,000
Warren 728 $ 133,315,000 $ 183,000 $ 106,000
Washington 310 $ 29,398,000 $ 94,000 $ 53,000
Watauga 2,270 $ 590,540,000 $ 260,000 $ 125,000
Wayne 3,846 $ 508,691,000 $ 132,000 $ 52,000
Wilkes 1,999 $ 256,828,000 $ 128,000 $ 63,000
Wilson 2,549 $ 343,423,000 $ 134,000 $ 59,000
Yadkin 1,217 $ 175,383,000 $ 144,000 $ 55,000
Yancey 705 $ 107,156,000 $ 151,000 $ 69,000
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