AllMortgageDetail - Mortgage Application Details

OAKLAND-HAYWARD-BERKELEY, CA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  
Total Number of Mortgage Applications 120,263
Total Mortgage Loan Application Amount $51,000,061,000
Average Mortgage Loan Application Amount $424,000
Highest Mortgage Loan Application Amount $99,161,000
Average Applicant Income $129,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for OAKLAND-HAYWARD-BERKELEY, CA 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
Refinancing 70,924 $28,261,163,000 $398,000 $28,700,000 $126,000 $9,999,000
Home Purchase 43,717 $21,096,805,000 $482,000 $81,270,000 $135,000 $7,000,000
Home Improvement 5,622 $1,642,093,000 $292,000 $99,161,000 $117,000 $2,650,000

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 44,555 $19,349,069,000 $434,000 $81,270,000 $151,000 $9,999,000
Asian 27,703 $12,578,548,000 $454,000 $3,480,000 $148,000 $7,592,000
Not Provided 18,018 $7,301,547,000 $405,000 $4,900,000 $143,000 $9,999,000
Not applicable 11,977 $6,193,322,000 $517,000 $99,161,000 $29,000 $9,351,000
Hispanic 11,058 $3,313,596,000 $299,000 $2,520,000 $95,000 $2,621,000
Black or African American 5,329 $1,681,335,000 $315,000 $4,172,000 $103,000 $3,374,000
Native Hawaiin or Other Pacific Islander 1,182 $423,821,000 $358,000 $1,285,000 $113,000 $1,738,000
American Indian or Alaskan Native 441 $158,823,000 $360,000 $1,848,000 $115,000 $634,000

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) 105,653 $45,296,466,000 $428,000 $99,161,000 $135,000 $9,999,000
FHA-insured (Federal Housing Administration) 10,194 $3,686,315,000 $361,000 $13,799,000 $82,000 $2,400,000
VA-guaranteed (Veterans Administration) 4,376 $2,002,478,000 $457,000 $1,500,000 $82,000 $881,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $14,802,000 $370,000 $945,000 $188,000 $960,000

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 67,083 $29,842,595,000 $444,000 $99,161,000 $146,000 $9,999,000
Application Denied By Financial Institution 16,997 $6,713,302,000 $394,000 $81,270,000 $122,000 $7,592,000
Loan Purchased By The Institution 14,709 $5,750,861,000 $390,000 $13,799,000 $51,000 $9,351,000
Application Withdrawn By Applicant 12,814 $5,308,452,000 $414,000 $22,680,000 $137,000 $9,999,000
File Closed For Incompleteness 4,518 $1,724,951,000 $381,000 $5,200,000 $132,000 $3,924,000
Application Approved But Not Accepted 4,137 $1,657,251,000 $400,000 $18,250,000 $134,000 $2,955,000
Preapproval Approved but not Accepted 3 $1,629,000 $543,000 $619,000 $155,000 $166,000
Preapproval Denied by Financial Institution 2 $1,020,000 $510,000 $519,000 $104,000 $124,000

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
Debt-To-Income Ratio 3,764 $1,547,765,000 $411,000 $2,840,000 $97,000 $951,000
Credit History 2,631 $855,837,000 $325,000 $3,000,000 $124,000 $1,969,000
Collateral 1,960 $808,503,000 $412,000 $3,250,000 $154,000 $5,888,000
Credit Application Incomplete 1,578 $678,829,000 $430,000 $3,000,000 $164,000 $7,592,000
Other 1,364 $544,589,000 $399,000 $40,300,000 $131,000 $1,500,000
Unverifiable Information 545 $219,645,000 $403,000 $1,900,000 $150,000 $1,720,000
Insufficient Cash (Downpayment, Closing Cost) 409 $199,867,000 $488,000 $4,604,000 $151,000 $1,128,000
Employment History 169 $66,302,000 $392,000 $1,000,000 $102,000 $456,000
Mortgage Insurance Denied 10 $3,314,000 $331,000 $550,000 $116,000 $231,000