Prescott, AZ Metro Area Mortgage Lenders & HMDA Data, 2017
In 2017, lenders reported 15,776 mortgage applications in Prescott, AZ metro area totaling $3.4 billion, down 5% from 2016. The average application was for $217,971, and applicants reported an average income of $78,000. 51% of applications resulted in an originated loan and 12% were denied. The most active lender was Wells Fargo Bank NA, with 1,239 applications, followed by Oneaz Credit Union and Wallick and Volk, Inc..
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| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 15,776 |
| Total Mortgage Loan Application Amount | $3,438,723,000 |
| Average Mortgage Loan Application Amount | $217,971 |
| Highest Mortgage Loan Application Amount | $2,639,000 |
| Average Applicant Income | $78,000 |
| Highest Applicant Income | $6,194,000 |
Top Mortgage Lenders in Prescott, AZ Metro Area (2017)
Ranked by the number of mortgage applications each lender reported in Prescott, AZ metro area in 2017.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
1,239 | $271,593,000 | $219,000 | $86,000 |
| 2 | Oneaz Credit Union Phoenix, AZ |
714 | $114,026,000 | $159,000 | $70,000 |
| 3 | Wallick and Volk, Inc. Cheyenne, WY |
600 | $127,299,000 | $212,000 | $90,000 |
| 4 | JPMorgan Chase Bank, NA Columbus, OH |
566 | $139,130,000 | $245,000 | $112,000 |
| 5 | Fairway Independent Mort Corp Madison, WI |
549 | $128,050,000 | $233,000 | $96,000 |
| 6 | Lhm Financial Corporation Phoenix, AZ |
398 | $99,266,000 | $249,000 | $89,000 |
| 7 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
341 | $78,086,000 | $228,000 | $1,000 |
| 8 | Homeowners Financial Group, LLC Scottsdale, AZ |
314 | $72,388,000 | $230,000 | $92,000 |
| 9 | loanDepot.com LLC Irvine, CA |
313 | $67,465,000 | $215,000 | $66,000 |
| 10 | Freedom Mortgage Corporation Boca Raton, FL |
299 | $59,044,000 | $197,000 | $24,000 |
See every lender active in Prescott, AZ metro area in 2017 »
The tables below break down 2017 mortgage applications in Prescott, AZ metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Prescott, AZ in 2017
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 | 8,570 | $1,984,647,000 | $231,000 | $2,639,000 | $86,000 | $6,194,000 |
| Refinancing | 6,575 | $1,364,761,000 | $207,000 | $2,245,000 | $68,000 | $3,075,000 |
| Home Improvement | 631 | $89,315,000 | $141,000 | $2,000,000 | $80,000 | $3,000,000 |
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 | 11,296 | $2,479,746,000 | $219,000 | $2,400,000 | $86,000 | $6,194,000 |
| Not Provided | 1,710 | $367,386,000 | $214,000 | $1,500,000 | $88,000 | $3,075,000 |
| Not applicable | 1,599 | $357,959,000 | $223,000 | $2,639,000 | $12,000 | $360,000 |
| Hispanic | 804 | $154,455,000 | $192,000 | $950,000 | $72,000 | $924,000 |
| Asian | 138 | $33,326,000 | $241,000 | $1,000,000 | $113,000 | $897,000 |
| American Indian or Alaskan Native | 122 | $23,142,000 | $189,000 | $424,000 | $71,000 | $413,000 |
| Black or African American | 70 | $14,964,000 | $213,000 | $512,000 | $75,000 | $397,000 |
| Native Hawaiian or Other Pacific Islander | 37 | $7,745,000 | $209,000 | $400,000 | $75,000 | $450,000 |
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) | 10,726 | $2,385,414,000 | $222,000 | $2,639,000 | $93,000 | $6,194,000 |
| VA-guaranteed (Veterans Administration) | 2,428 | $583,280,000 | $240,000 | $1,101,000 | $52,000 | $413,000 |
| FHA-insured (Federal Housing Administration) | 2,402 | $429,694,000 | $178,000 | $541,000 | $45,000 | $3,075,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 220 | $40,335,000 | $183,000 | $353,000 | $38,000 | $108,000 |
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 | 8,043 | $1,784,006,000 | $221,000 | $2,639,000 | $89,000 | $6,194,000 |
| Loan Purchased By The Institution | 2,445 | $550,504,000 | $225,000 | $1,097,000 | $42,000 | $1,908,000 |
| Application Withdrawn By Applicant | 2,410 | $526,504,000 | $218,000 | $2,400,000 | $83,000 | $1,799,000 |
| Application Denied By Financial Institution | 1,893 | $364,021,000 | $192,000 | $1,425,000 | $70,000 | $2,952,000 |
| File Closed For Incompleteness | 602 | $125,852,000 | $209,000 | $2,000,000 | $78,000 | $2,700,000 |
| Application Approved But Not Accepted | 382 | $87,771,000 | $229,000 | $2,000,000 | $98,000 | $3,000,000 |
| Preapproval Denied by Financial Institution | 1 | $65,000 | $65,000 | $65,000 | $35,000 | $35,000 |
| 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 | 356 | $76,552,000 | $215,000 | $1,100,000 | $61,000 | $712,000 |
| Collateral | 239 | $46,482,000 | $194,000 | $823,000 | $78,000 | $750,000 |
| Credit History | 235 | $38,483,000 | $163,000 | $1,210,000 | $72,000 | $840,000 |
| Credit Application Incomplete | 169 | $38,485,000 | $227,000 | $1,101,000 | $106,000 | $2,952,000 |
| Other | 150 | $25,241,000 | $168,000 | $1,425,000 | $57,000 | $300,000 |
| Unverifiable Information | 47 | $10,466,000 | $222,000 | $510,000 | $75,000 | $357,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 37 | $7,115,000 | $192,000 | $557,000 | $82,000 | $282,000 |
| Employment History | 17 | $2,810,000 | $165,000 | $375,000 | $50,000 | $372,000 |
| Mortgage Insurance Denied | 3 | $612,000 | $204,000 | $280,000 | $68,000 | $112,000 |
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.
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