AllMortgageDetail - Mortgage Application Details

Pitkin County CO
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,070
Total Mortgage Loan Application Amount $1,129,685,000
Average Mortgage Loan Application Amount $1,055,000
Highest Mortgage Loan Application Amount $17,217,000
Average Applicant Income $425,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Pitkin County CO 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 546 $525,283,000 $962,000 $10,500,000 $390,000 $9,999,000
Home Purchase 494 $552,113,000 $1,117,000 $14,250,000 $476,000 $9,999,000
Home Improvement 30 $52,289,000 $1,742,000 $17,217,000 $210,000 $864,000

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 827 $716,787,000 $866,000 $12,500,000 $476,000 $9,999,000
Not applicable 115 $286,137,000 $2,488,000 $17,217,000 $13,000 $971,000
Not Provided 86 $98,257,000 $1,142,000 $7,044,000 $586,000 $7,165,000
Hispanic 27 $8,790,000 $325,000 $1,855,000 $177,000 $1,048,000
Asian 14 $19,466,000 $1,390,000 $10,000,000 $300,000 $1,000,000
Black or African American 1 $248,000 $248,000 $248,000 $54,000 $54,000
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0

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) 1,042 $1,118,834,000 $1,073,000 $17,217,000 $434,000 $9,999,000
FHA-insured (Federal Housing Administration) 12 $3,705,000 $308,000 $515,000 $65,000 $167,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $1,554,000 $172,000 $252,000 $57,000 $90,000
VA-guaranteed (Veterans Administration) 7 $5,592,000 $798,000 $1,340,000 $143,000 $249,000

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 608 $675,804,000 $1,111,000 $17,217,000 $465,000 $9,999,000
Application Denied By Financial Institution 194 $181,999,000 $938,000 $15,000,000 $340,000 $9,999,000
Application Withdrawn By Applicant 128 $124,700,000 $974,000 $10,500,000 $462,000 $7,000,000
Application Approved But Not Accepted 51 $55,797,000 $1,094,000 $10,250,000 $534,000 $5,928,000
File Closed For Incompleteness 45 $59,658,000 $1,325,000 $7,044,000 $353,000 $2,517,000
Loan Purchased By The Institution 43 $31,314,000 $728,000 $5,000,000 $61,000 $971,000
Preapproval Denied by Financial Institution 1 $413,000 $413,000 $413,000 $502,000 $502,000
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
Debt-To-Income Ratio 57 $58,406,000 $1,024,000 $10,000,000 $285,000 $9,573,000
Collateral 40 $36,157,000 $903,000 $5,574,000 $495,000 $4,215,000
Credit History 16 $10,209,000 $638,000 $4,275,000 $151,000 $552,000
Credit Application Incomplete 14 $20,619,000 $1,472,000 $12,500,000 $953,000 $9,999,000
Other 10 $5,080,000 $508,000 $3,000,000 $149,000 $480,000
Unverifiable Information 10 $5,599,000 $559,000 $2,292,000 $357,000 $1,816,000
Employment History 4 $4,304,000 $1,076,000 $4,000,000 $47,000 $89,000
Insufficient Cash (Downpayment, Closing Cost) 3 $18,346,000 $6,115,000 $15,000,000 $870,000 $2,200,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0