Orleans Parish, LA Mortgage Lenders & HMDA Data, 2016

In 2016, lenders reported 15,197 mortgage applications in Orleans Parish, LA totaling $3.9 billion, up 11% from 2015. The average application was for $256,000, and applicants reported an average income of $107,000. 47% of applications resulted in an originated loan and 20% were denied. The most active lender was Fidelity Bank, with 1,039 applications, followed by Wells Fargo Bank NA and loanDepot.com LLC.

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Total Number of Mortgage Applications 15,197
Total Mortgage Loan Application Amount $3,890,828,000
Average Mortgage Loan Application Amount $256,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $107,000
Highest Applicant Income $7,631,000
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Top Mortgage Lenders in Orleans Parish, LA (2016)

Ranked by the number of mortgage applications each lender reported in Orleans Parish, LA in 2016.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Fidelity Bank
New Orleans, LA
1,039 $275,783,000 $265,000 $127,000
2 Wells Fargo Bank NA
Minneapolis, MN
935 $243,314,000 $260,000 $126,000
3 loanDepot.com LLC
Irvine, CA
870 $156,255,000 $179,000 $84,000
4 Iberiabank Mortgage Company
Kenner, LA
690 $199,137,000 $288,000 $159,000
5 Hancock Whitney Bank
Gulfport, MS
592 $162,236,000 $274,000 $152,000
6 Gulf Coast Bank and Trust
New Orleans, LA
525 $136,796,000 $260,000 $94,000
7 Capital One, National Association
Plano, TX
497 $74,430,000 $149,000 $100,000
8 JPMorgan Chase Bank, NA
Columbus, OH
426 $126,677,000 $297,000 $155,000
9 Nationstar Mortgage
Coppell, TX
347 $59,901,000 $172,000 $41,000
10 Freedom Mortgage Corporation
Fishers, IN
317 $65,564,000 $206,000 $31,000

See every lender active in Orleans Parish, LA in 2016 »

The tables below break down 2016 mortgage applications in Orleans Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Orleans Parish, LA 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
Refinancing 7,408 $1,892,724,000 $255,000 $99,999,000 $101,000 $7,631,000
Home Purchase 6,556 $1,761,944,000 $268,000 $31,552,000 $119,000 $6,067,000
Home Improvement 1,233 $236,160,000 $191,000 $16,300,000 $86,000 $1,200,000

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 6,705 $1,969,089,000 $293,000 $3,207,000 $154,000 $7,631,000
Black or African American 4,192 $678,636,000 $161,000 $99,999,000 $67,000 $3,250,000
Not applicable 1,975 $738,400,000 $373,000 $37,000,000 $25,000 $1,200,000
Not Provided 1,539 $331,581,000 $215,000 $1,925,000 $113,000 $6,067,000
Hispanic 438 $97,363,000 $222,000 $938,000 $123,000 $1,993,000
Asian 273 $61,797,000 $226,000 $1,618,000 $126,000 $808,000
American Indian or Alaskan Native 56 $9,385,000 $167,000 $417,000 $94,000 $640,000
Native Hawaiin or Other Pacific Islander 19 $4,577,000 $240,000 $417,000 $122,000 $746,000

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) 11,467 $3,194,603,000 $278,000 $99,999,000 $128,000 $7,631,000
FHA-insured (Federal Housing Administration) 2,780 $463,422,000 $166,000 $31,552,000 $40,000 $400,000
VA-guaranteed (Veterans Administration) 949 $232,724,000 $245,000 $1,920,000 $59,000 $2,208,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $79,000 $79,000 $79,000 $78,000 $78,000

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 7,084 $2,027,740,000 $286,000 $31,552,000 $128,000 $7,631,000
Application Denied By Financial Institution 2,987 $633,031,000 $211,000 $99,999,000 $85,000 $5,817,000
Loan Purchased By The Institution 2,216 $507,952,000 $229,000 $5,900,000 $60,000 $1,443,000
Application Withdrawn By Applicant 1,806 $471,588,000 $261,000 $37,000,000 $125,000 $6,067,000
File Closed For Incompleteness 646 $128,238,000 $198,000 $3,756,000 $88,000 $1,993,000
Application Approved But Not Accepted 458 $122,279,000 $266,000 $7,000,000 $130,000 $3,250,000
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 406 $74,721,000 $184,000 $1,880,000 $61,000 $311,000
Credit History 362 $43,770,000 $120,000 $977,000 $79,000 $2,208,000
Collateral 204 $38,927,000 $190,000 $1,000,000 $143,000 $5,817,000
Credit Application Incomplete 184 $38,785,000 $210,000 $1,025,000 $110,000 $1,670,000
Other 171 $31,730,000 $185,000 $6,100,000 $85,000 $1,243,000
Insufficient Cash (Downpayment, Closing Cost) 48 $12,644,000 $263,000 $1,300,000 $87,000 $558,000
Unverifiable Information 37 $9,066,000 $245,000 $1,145,000 $127,000 $1,200,000
Employment History 15 $3,441,000 $229,000 $584,000 $97,000 $524,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Download the Louisiana Lender List