AllMortgageDetail - Mortgage Application Details

Pennsylvania
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 420,706
Total Mortgage Loan Application Amount $69,343,967,000
Average Mortgage Loan Application Amount $164,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $81,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Pennsylvania 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 187,694 $36,279,391,000 $193,000 $92,260,000 $82,000 $9,999,000
Refinancing 176,749 $29,916,163,000 $169,000 $99,999,000 $82,000 $9,999,000
Home Improvement 56,263 $3,148,413,000 $55,000 $46,200,000 $75,000 $4,280,000

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 294,870 $44,750,592,000 $151,000 $22,160,000 $90,000 $9,999,000
Not applicable 39,336 $11,930,023,000 $303,000 $99,999,000 $13,000 $2,811,000
Not Provided 37,441 $6,063,738,000 $161,000 $5,000,000 $96,000 $8,851,000
Black or African American 23,083 $2,440,403,000 $105,000 $2,600,000 $59,000 $2,174,000
Hispanic 13,279 $1,574,689,000 $118,000 $2,275,000 $62,000 $1,990,000
Asian 10,982 $2,340,213,000 $213,000 $4,000,000 $108,000 $2,400,000
American Indian or Alaskan Native 1,128 $151,382,000 $134,000 $929,000 $78,000 $1,494,000
Native Hawaiin or Other Pacific Islander 587 $92,927,000 $158,000 $6,814,000 $83,000 $1,819,000

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) 316,267 $53,408,751,000 $168,000 $99,999,000 $92,000 $9,999,000
FHA-insured (Federal Housing Administration) 70,474 $10,102,245,000 $143,000 $36,325,000 $45,000 $8,000,000
VA-guaranteed (Veterans Administration) 23,190 $4,396,104,000 $189,000 $1,106,000 $59,000 $2,880,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10,775 $1,436,867,000 $133,000 $550,000 $37,000 $258,000

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 220,403 $37,960,310,000 $172,000 $99,999,000 $92,000 $9,999,000
Application Denied By Financial Institution 80,835 $9,901,432,000 $122,000 $36,325,000 $70,000 $9,999,000
Loan Purchased By The Institution 55,766 $10,096,175,000 $181,000 $52,000,000 $40,000 $5,528,000
Application Withdrawn By Applicant 35,450 $6,757,655,000 $190,000 $99,999,000 $92,000 $5,304,000
Application Approved But Not Accepted 14,698 $2,499,859,000 $170,000 $67,650,000 $89,000 $9,999,000
File Closed For Incompleteness 13,546 $2,126,791,000 $157,000 $14,000,000 $93,000 $9,999,000
Preapproval Denied by Financial Institution 8 $1,745,000 $218,000 $500,000 $66,000 $126,000
Preapproval Approved but not Accepted 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
Credit History 18,805 $1,406,288,000 $74,000 $35,000,000 $63,000 $5,760,000
Debt-To-Income Ratio 12,915 $1,581,663,000 $122,000 $4,900,000 $56,000 $8,851,000
Collateral 10,473 $1,596,990,000 $152,000 $30,000,000 $94,000 $3,208,000
Credit Application Incomplete 5,861 $953,459,000 $162,000 $8,150,000 $90,000 $9,999,000
Other 4,154 $548,919,000 $132,000 $12,000,000 $80,000 $1,709,000
Insufficient Cash (Downpayment, Closing Cost) 1,791 $267,298,000 $149,000 $4,000,000 $81,000 $5,056,000
Unverifiable Information 1,433 $204,690,000 $142,000 $11,525,000 $76,000 $988,000
Employment History 705 $89,964,000 $127,000 $790,000 $58,000 $695,000
Mortgage Insurance Denied 39 $5,513,000 $141,000 $340,000 $74,000 $263,000

Mortgage Loan Application Totals in 2014 by Pennsylvania 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
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 25,440 $ 4,059,826,000 $ 159,000 $ 77,000
ALTOONA, PA 3,717 $ 396,403,000 $ 106,000 $ 64,000
BLOOMSBURG-BERWICK, PA 2,506 $ 295,482,000 $ 117,000 $ 72,000
CHAMBERSBURG-WAYNESBORO, PA 5,448 $ 751,809,000 $ 137,000 $ 67,000
EAST STROUDSBURG, PA 6,833 $ 942,003,000 $ 137,000 $ 79,000
ERIE, PA 7,887 $ 849,300,000 $ 107,000 $ 72,000
GETTYSBURG, PA 3,933 $ 598,819,000 $ 152,000 $ 69,000
HARRISBURG-CARLISLE, PA 20,877 $ 3,232,481,000 $ 154,000 $ 74,000
JOHNSTOWN, PA 3,701 $ 307,703,000 $ 83,000 $ 59,000
LANCASTER, PA 15,877 $ 2,437,915,000 $ 153,000 $ 73,000
LEBANON, PA 4,679 $ 652,955,000 $ 139,000 $ 68,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 74,740 $ 18,743,656,000 $ 250,000 $ 108,000
PHILADELPHIA, PA 66,734 $ 12,719,796,000 $ 190,000 $ 80,000
PITTSBURGH, PA 80,884 $ 11,539,402,000 $ 142,000 $ 82,000
READING, PA 13,621 $ 1,872,350,000 $ 137,000 $ 68,000
SCRANTON--WILKES-BARRE--HAZLETON, PA 15,662 $ 1,771,270,000 $ 113,000 $ 68,000
STATE COLLEGE, PA 4,004 $ 762,072,000 $ 190,000 $ 89,000
WILLIAMSPORT, PA 3,330 $ 420,972,000 $ 126,000 $ 68,000
YORK-HANOVER, PA 16,705 $ 2,414,988,000 $ 144,000 $ 68,000

Mortgage Loan Application Totals in 2014 by Pennsylvania County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 3,943 $ 599,575,000 $ 152,000 $ 69,000
Allegheny 42,491 $ 6,437,752,000 $ 151,000 $ 87,000
Armstrong 1,811 $ 166,187,000 $ 91,000 $ 62,000
Beaver 5,778 $ 644,581,000 $ 111,000 $ 68,000
Bedford 1,403 $ 142,281,000 $ 101,000 $ 56,000
Berks 13,631 $ 1,873,430,000 $ 137,000 $ 68,000
Blair 3,719 $ 396,484,000 $ 106,000 $ 64,000
Bradford 1,660 $ 176,913,000 $ 106,000 $ 66,000
Bucks 24,390 $ 5,790,947,000 $ 237,000 $ 104,000
Butler 7,203 $ 1,289,597,000 $ 179,000 $ 92,000
Cambria 3,710 $ 308,344,000 $ 83,000 $ 59,000
Cameron 93 $ 6,502,000 $ 69,000 $ 63,000
Carbon 2,676 $ 301,554,000 $ 112,000 $ 74,000
Centre 4,008 $ 762,467,000 $ 190,000 $ 88,000
Chester 20,256 $ 5,482,749,000 $ 270,000 $ 115,000
Clarion 673 $ 58,675,000 $ 87,000 $ 60,000
Clearfield 2,278 $ 208,125,000 $ 91,000 $ 59,000
Clinton 1,114 $ 118,362,000 $ 106,000 $ 61,000
Columbia 1,961 $ 215,896,000 $ 110,000 $ 66,000
Crawford 2,253 $ 197,132,000 $ 87,000 $ 65,000
Cumberland 9,791 $ 1,628,365,000 $ 166,000 $ 80,000
Dauphin 9,388 $ 1,436,108,000 $ 152,000 $ 71,000
Delaware 19,014 $ 3,776,735,000 $ 198,000 $ 96,000
Elk 838 $ 69,786,000 $ 83,000 $ 66,000
Erie 7,912 $ 851,312,000 $ 107,000 $ 71,000
Fayette 3,986 $ 348,821,000 $ 87,000 $ 64,000
Forest 122 $ 8,598,000 $ 70,000 $ 66,000
Franklin 5,453 $ 752,107,000 $ 137,000 $ 67,000
Fulton 326 $ 44,797,000 $ 137,000 $ 61,000
Greene 1,065 $ 97,736,000 $ 91,000 $ 73,000
Huntingdon 1,154 $ 125,090,000 $ 108,000 $ 64,000
Indiana 1,832 $ 190,595,000 $ 104,000 $ 62,000
Jefferson 1,075 $ 82,304,000 $ 76,000 $ 60,000
Juniata 549 $ 54,408,000 $ 99,000 $ 64,000
Lackawanna 6,320 $ 741,593,000 $ 117,000 $ 71,000
Lancaster 15,919 $ 2,440,015,000 $ 153,000 $ 73,000
Lawrence 2,459 $ 238,645,000 $ 97,000 $ 61,000
Lebanon 4,685 $ 653,210,000 $ 139,000 $ 68,000
Lehigh 12,216 $ 1,989,301,000 $ 162,000 $ 77,000
Luzerne 8,470 $ 932,545,000 $ 110,000 $ 66,000
Lycoming 3,334 $ 421,271,000 $ 126,000 $ 68,000
McKean 700 $ 48,333,000 $ 69,000 $ 60,000
Mercer 3,220 $ 305,281,000 $ 94,000 $ 60,000
Mifflin 1,049 $ 92,923,000 $ 88,000 $ 58,000
Monroe 6,840 $ 942,977,000 $ 137,000 $ 79,000
Montgomery 30,156 $ 7,482,528,000 $ 248,000 $ 108,000
Montour 551 $ 80,150,000 $ 145,000 $ 92,000
Northampton 10,579 $ 1,772,761,000 $ 167,000 $ 79,000
Northumberland 1,919 $ 183,287,000 $ 95,000 $ 58,000
Perry 1,728 $ 207,086,000 $ 119,000 $ 61,000
Philadelphia 47,726 $ 8,943,719,000 $ 187,000 $ 74,000
Pike 2,996 $ 429,110,000 $ 143,000 $ 85,000
Potter 412 $ 36,554,000 $ 88,000 $ 64,000
Schuylkill 3,490 $ 343,039,000 $ 98,000 $ 59,000
Snyder 644 $ 77,710,000 $ 120,000 $ 62,000
Somerset 2,229 $ 202,309,000 $ 90,000 $ 71,000
Sullivan 193 $ 25,495,000 $ 132,000 $ 118,000
Susquehanna 1,217 $ 142,058,000 $ 116,000 $ 79,000
Tioga 928 $ 98,770,000 $ 106,000 $ 71,000
Union 780 $ 112,223,000 $ 143,000 $ 80,000
Venango 1,224 $ 91,135,000 $ 74,000 $ 57,000
Warren 1,057 $ 83,383,000 $ 78,000 $ 56,000
Washington 7,574 $ 1,159,121,000 $ 153,000 $ 86,000
Wayne 2,043 $ 269,724,000 $ 132,000 $ 84,000
Westmoreland 12,123 $ 1,507,603,000 $ 124,000 $ 73,000
Wyoming 888 $ 98,092,000 $ 110,000 $ 67,000
York 16,728 $ 2,417,011,000 $ 144,000 $ 68,000