Sagadahoc County, ME Mortgage Lenders & HMDA Data, 2023

In 2023, lenders reported 1,264 mortgage applications in Sagadahoc County, ME totaling $323.6 million, down 28% from 2022. The average application was for $256,000, and applicants reported an average income of $128,000. 61% of applications resulted in an originated loan and 13% were denied. The most active lender was Bath Savings Institution, with 107 applications, followed by Atlantic Federal Credit Union and The Camden National Bank.

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Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,264
Total Mortgage Loan Application Amount $323,630,000
Average Mortgage Loan Application Amount $256,000
Highest Mortgage Loan Application Amount $5,065,000
Average Applicant Income $128,000
Highest Applicant Income $3,397,000

Mortgage Company List for Lending in Sagadahoc County, ME for 2023

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Bath Savings Institution
105 FRONT STREET
BATH, ME 04530
* $ 1,276,951,000 107 $ 41,245,000
Atlantic Federal Credit Union
PO BOX 188
BRUNSWICK, ME 04011
* $ 1,048,957,000 63 $ 7,895,000
The Camden National Bank
2 ELM STREET
CAMDEN, ME 04843
* $ 5,662,457,000 63 $ 12,695,000
Bangor Savings Bank
19 MAINE AVENUE
BANGOR, ME 04401
* $ 7,377,141,000 62 $ 13,360,000
First Federal Savings and Loan Assocation of Bath
PO BOX 488
BATH, ME 04530
* $ 181,529,000 52 $ 10,680,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 52 $ 18,290,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 42 $ 12,790,000
Norway Savings Bank
261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268
* $ 1,795,136,000 39 $ 10,795,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 37 $ 11,365,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 37 $ 9,285,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 29 $ 7,235,000
Kennebec Savings Bank
150 STATE ST
AUGUSTA, ME 04332
* $ 1,640,422,000 29 $ 5,775,000
Northpoint Mortgage, Inc.
204 TURNPIKE ROAD
STURBRIDGE, MA 01566
* $ -1,000 25 $ 7,365,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 129,461,046,000 23 $ 1,705,000
TD Bank

MOUNT LAUREL, NJ 08054
* $ 386,799,237,000 23 $ 4,895,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 187,590,465,000 20 $ 3,160,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 20 $ 5,950,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ -1,000 20 $ 6,670,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,418,508,000,000 16 $ 1,780,000
First National Bank
P.O. BOX 940
DAMARISCOTTA, ME 04543
* $ 2,704,047,000 15 $ 3,285,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 226,401,591,000 15 $ 2,745,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 156,645,099,000 15 $ 1,865,000
Cuso Mortgage Corporation
101 WESTERN AVENUE
HAMPDEN, ME 04444
* $ -1,000 13 $ 2,375,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 12 $ 2,570,000
Town and Country Federal Credi
557 MAIN STREET P.O. BOX 9420
SOUTH PORTLAND, ME 04116
* $ 520,741,000 12 $ 1,440,000
Androscoggin Bank
30 LISBON STREET
LEWISTON, ME 04243
* $ 1,450,036,000 11 $ 6,195,000
Total Mortgage Services, LLC
185 PLAINS ROAD
MILFORD, CT 06461
* $ -1,000 11 $ 3,985,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 10 $ 2,710,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 10 $ 1,760,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 10 $ 3,360,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 9 $ 3,225,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ 3,141,703,000 9 $ 415,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 8 $ 1,630,000
Lisbon Community FCU
325 LISBON ST
LISBON, ME 04250-0878, ME 04250
* $ 174,705,000 8 $ 980,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 8 $ 2,440,000
Downeast Credit Union
23 THIRD AVE
BAILEYVILLE, ME 04694
* $ 264,025,000 8 $ 1,230,000
Katahdin Trust Company
11 MAIN STREET / PO BOX 450
PATTEN, ME 04765
* $ 981,838,000 8 $ 2,050,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 546,228,000,000 7 $ 2,345,000
Gorham Savings Bank
10 WENTWORTH DRIVE
GORHAM, ME 04038
* $ 1,607,984,000 7 $ 2,905,000
Ancorum Credit Union
765 WASHINGTON STREET
BATH, ME 04530
* $ 368,201,000 7 $ 1,675,000
Integrity Mortgage LLC
2320 CONGRESS ST SUITE D
PORTLAND, ME 04102
* $ -1,000 6 $ 2,060,000
University Credit Union
15 MAIN STREET
ORONO, ME 04473
* $ 459,586,000 6 $ 1,470,000
American Neighborhood Mortgage Acceptance Company
700 EAST GATE DRIVE, SUITE 400
MT. LAUREL, NJ 08054
* $ -1,000 6 $ 2,050,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 6 $ 2,200,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 6 $ 1,810,000
Machias Savings Bank
4 CENTER STREET
MACHIAS, ME 04654
* $ 2,360,784,000 6 $ 1,670,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 6 $ 860,000
Bar Harbor Bank & Trust
82 MAIN STREET
BAR HARBOR, ME 04609
* $ 3,906,943,000 6 $ 870,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 3,201,942,000,000 5 $ 3,415,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 5 $ 275,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 5 $ 1,495,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 5 $ 1,125,000
Harborone Mortgage, LLC
1045 ELM ST SUITE 601
MANCHESTER, NH 03101
* $ -1,000 5 $ 1,805,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 5 $ 1,195,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 4 $ 350,000
Maine Community Bank
1 INDIA ST
PORTLAND, ME 04101
* $ 1,004,289,000 4 $ 1,560,000
Cport Credit Union
PO BOX 777
PORTLAND, ME 04103
* $ 415,929,000 4 $ 3,310,000
Evergreen Credit Union
225 RIVERSIDE STREET
PORTLAND, ME 04103
* $ 495,756,000 4 $ 130,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 780,976,000 4 $ 1,450,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ -1,000 4 $ 1,780,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 4 $ 1,060,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 4 $ 940,000
T2 Financial LLC
480 OLDE WORTHINGTON RD SUITE 300
WESTERVILLE, OH 43082
* $ -1,000 4 $ 1,550,000
Cumberland County Federal Credit Union
101 GRAY RD
FALMOUTH, ME 04105
* $ 423,289,000 4 $ 440,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 4 $ 980,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,991,835,000 4 $ 600,000
Ally Bank

CHARLOTTE, NC 28202
* $ 181,890,000,000 4 $ 1,180,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 4 $ 1,160,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 3 $ 1,245,000
Flagstar Bank NA

TROY, MI 49098
* $ 90,036,656,000 3 $ 695,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 552,307,127,000 3 $ 545,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,766,752,000,000 3 $ 1,625,000
Mascoma Bank
243 SYKES MOUNTAIN AVE BOX 4399
LEBANON, NH 03766
* $ 2,733,504,000 3 $ 1,505,000
Skowhegan Savings Bank
13 ELM ST
SKOWHEGAN, ME 04976
* $ 774,373,000 3 $ 905,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 585,135,605,000 3 $ 675,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ 11,281,243,000 3 $ 245,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 200,262,969,000 3 $ 255,000
Partners Bank of New England
900 MAIN ST
SANFORD, ME 04073
* $ -1,000 3 $ 1,275,000
Truchoice FCU
332 CUMMINGS RD
SOUTH PORTLAND, ME 04106
* $ 227,240,000 3 $ 335,000
Saco & Biddeford Savings Institution
50 INDUSTRIAL PARK ROAD
SACO, ME 04072
* $ 1,276,362,000 3 $ 1,205,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,717,531,000,000 3 $ 505,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 110,900,000,000 2 $ 270,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 2 $ 700,000
Peopleschoice Credit Union
23 INDUSTRIAL PARK RD
SACO, ME 04072
* $ 320,519,000 2 $ 410,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 2 $ 360,000
Midcoast
186 LOWER MAIN STREET
FREEPORT, ME 04032
* $ 254,802,000 2 $ 290,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 2 $ 580,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ -1,000 2 $ 540,000
Harvard Federal Credit Union
104 MOUNT AUBURN STREET
CAMBRIDGE, MA 02138
* $ 1,145,537,000 2 $ 1,230,000
Lighthouse Federal Credit Union
100 BORTHWICK AVE
PORTSMOUTH, NH 03801
* $ 1,893,645,000 2 $ 630,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ -1,000 2 $ 430,000
Top Flite Financial, Inc.
123 E GRAND RIVER AVE
WILLIAMSTON, MI 48895
* $ -1,000 2 $ 770,000
Dirigo Federal Credit Union
391 MAIN STREET
LEWISTON, ME 04243
* $ 384,429,000 2 $ 400,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 2,517,837,000 2 $ 1,090,000
Cornerstone First Mortgage, LLC
2655 CAMINO DEL RIO N #450
SAN DIEGO, CA 92108
* $ -1,000 2 $ 270,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 2 $ 500,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ 209,664,000,000 2 $ 1,930,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 2 $ 340,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 2 $ 680,000
Ameris Bank
300 SOUTH MAIN STREET
ATLANTA, GA 30305
* $ 24,967,889,000 1 $ 375,000
Shelter Growth Capital Partners LLC
750 WASHINGTON BLVD
WILMINGTON, DE 06901
* $ -1,000 1 $ 295,000
Usalliance Federal Credit Union
411 THEODORE FREMD AVE, SUITE 350
RYE, NY 10580
* $ 2,703,475,000 1 $ 215,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ -1,000 1 $ 345,000
Secured Investment Corp
701 E FRONT AVE
COEUR D'ALENE, ID 83814
* $ -1,000 1 $ 235,000
First Ciitizens Bank and Trust
4300 SIX FORKS ROAD FCC 21
RALEIGH, NC 27603
* $ 109,180,139,000 1 $ 245,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 1 $ 125,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 1,052,701,000 1 $ 285,000
Mid-Island Mortgage Corp.
900 MERCHANTS CONCOURSE, SUITE #112
WESTBURY, NY 11590
* $ -1,000 1 $ 365,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 1 $ 405,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ -1,000 1 $ 295,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 1 $ 535,000
Southwest Stage Funding LLC
2290 E YEAGER DR SUITE 250
CHANDLER, AZ 85286
* $ -1,000 1 $ 175,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ -1,000 1 $ 165,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ -1,000 1 $ 205,000
Members Mortgage Company Inc
90 MAPLE STREET
STONEHAM, MA 02180
* $ -1,000 1 $ 305,000
Fourleaf Federal Credit Union
899 SOUTH OYSTER BAY ROAD
BETHPAGE, NY 11714
* $ 11,943,023,000 1 $ 105,000
Teachers Federal Credit Union
102 MOTOR PARKWAY
HAUPPAUGE, NY 11788
* $ 9,280,218,000 1 $ 85,000
Kind Lending, LLC
1920 MAIN STREET SUITE 1100 & 1200
IRVINE, CA 92614
* $ -1,000 1 $ 425,000
Northern Mortgage Services, LLC
3714 28TH ST SW
GRANDVILLE, MI 49418
* $ -1,000 1 $ 635,000
Casco Federal Credit Union
393 OSSIPEE TRAIL
GORHAM, ME 04038
* $ 105,520,000 1 $ 275,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ 9,123,708,000 1 $ 215,000
Evolve Bank & Trust
6000 POPLAR AVENUE SUITE 300
MEMPHIS, TN 38119
* $ 1,747,013,000 1 $ 165,000
City National Bank
555 S FLOWER ST
LOS ANGELES, CA 90071
* $ 96,504,709,000 1 $ 305,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 1 $ 295,000
Wsfs Bank
500 DELAWARE AVENUE
WILMINGTON, DE 19801
* $ 19,808,858,000 1 $ 105,000
Peoples Bank
PO BOX 7
MENDENHALL, MS 39114
* $ 467,010,000 1 $ 205,000
Hughes Federal Credit Union
971 W WETMORE RD
TUCSON, AZ 85705
* $ 1,893,959,000 1 $ 25,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 1 $ 465,000
Credit Union Mortgage Associat
10800 MAIN STREET
FAIRFAX, VA 22030
* $ -1,000 1 $ 215,000
Acadia Federal Credit Union
9 E MAIN ST
FORT KENT, ME 04743
* $ 313,780,000 1 $ 285,000
Hanscom Federal Credit Union
1610 EGLIN ST
HANSCOM AFB, MA 01731
* $ 1,906,886,000 1 $ 45,000
Castle Mortgage Corporation
10251 VISTA SORRENTO PKWY, STE. 225
WILMINGTON, DE 92121
* $ -1,000 1 $ 295,000
Loan Funder LLC
645 MADISON AVENUE, 19TH FLOOR
NEW YORK, NY 10022
* $ -1,000 1 $ 225,000
Draper and Kramer Mortgage Corp.
1431 OPUS PLACE SUITE 200
WILMINGTON, DE 60515
* $ -1,000 1 $ 495,000
Westerly Community Credit Union
4979 TOWER HILL RD
WAKEFIELD, RI 02879
* $ 452,758,000 1 $ 65,000
Auburn Savings Bank
256 COURT ST. PO BOX 3157
AUBURN, ME 04212
* $ 101,567,000 1 $ 395,000
Maine State Credit Union
200 CAPITOL ST
AUGUSTA, ME 04330
* $ 586,697,000 1 $ 235,000
Umassfive College Federal Credit Union
200 WESTGATE CENTER DRIVE, PO BOX 1060
HADLEY, MA 01035
* $ 647,287,000 1 $ 65,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ 5,172,623,000 1 $ 105,000
Passumpsic Bank
25 MR ARTHUR DRIVE
CHESTERFIELD, NH 03466
* $ -1,000 1 $ 115,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 35,526,360,000 1 $ 205,000
Kennebunk Savings Bank
104 MAIN STREET
KENNEBUNK, ME 04043
* $ 1,843,469,000 1 $ 105,000
Trademark FCU
44 EDISON DRIVE
AUGUSTA, ME 04330
* $ 118,382,000 1 $ 75,000

The tables below break down 2023 mortgage applications in Sagadahoc County, ME by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Sagadahoc County, ME in 2023

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 655 $224,655,000 $342,000 $5,065,000 $137,000 $996,000
Cash-out Refinancing 232 $50,730,000 $218,000 $3,415,000 $117,000 $3,397,000
Home Improvement 168 $17,770,000 $105,000 $675,000 $129,000 $865,000
Other Purpose 118 $12,200,000 $103,000 $1,035,000 $107,000 $1,041,000
Refinancing 89 $17,955,000 $201,000 $765,000 $107,000 $720,000
Not Applicable 2 $320,000 $160,000 $255,000 $0 $0

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 965 $234,365,000 $242,000 $2,205,000 $129,000 $3,397,000
Not Provided 153 $34,365,000 $224,000 $1,365,000 $124,000 $996,000
Not applicable 95 $38,865,000 $409,000 $5,065,000 $102,000 $165,000
Black or African American 15 $6,485,000 $432,000 $2,545,000 $91,000 $126,000
Hispanic 15 $4,805,000 $320,000 $615,000 $134,000 $317,000
Asian 10 $3,020,000 $302,000 $435,000 $163,000 $542,000
American Indian or Alaskan Native 9 $1,365,000 $151,000 $435,000 $93,000 $181,000
Native Hawaiian or Other Pacific Islander 1 $305,000 $305,000 $305,000 $109,000 $109,000

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) 1,081 $270,235,000 $249,000 $5,065,000 $134,000 $3,397,000
FHA-insured (Federal Housing Administration) 118 $30,660,000 $259,000 $655,000 $83,000 $269,000
VA-guaranteed (Veterans Administration) 61 $21,725,000 $356,000 $695,000 $104,000 $347,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $1,010,000 $252,000 $315,000 $69,000 $86,000

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 767 $201,835,000 $263,000 $3,415,000 $135,000 $3,397,000
Application Denied By Financial Institution 169 $32,755,000 $193,000 $5,065,000 $85,000 $817,000
Application Withdrawn By Applicant 162 $49,600,000 $306,000 $2,205,000 $145,000 $1,440,000
Loan Purchased By The Institution 70 $22,010,000 $314,000 $1,035,000 $102,000 $165,000
File Closed For Incompleteness 59 $9,005,000 $152,000 $805,000 $108,000 $310,000
Application Approved But Not Accepted 33 $7,225,000 $218,000 $705,000 $135,000 $1,041,000
Preapproval Approved but not Accepted 3 $1,035,000 $345,000 $415,000 $195,000 $344,000
Preapproval Denied by Financial Institution 1 $165,000 $165,000 $165,000 $24,000 $24,000

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
Not applicable 1,004 $267,050,000 $265,000 $3,415,000 $134,000 $3,397,000
Debt-To-Income Ratio 161 $39,415,000 $244,000 $5,065,000 $115,000 $817,000
Collateral 30 $5,260,000 $175,000 $475,000 $84,000 $184,000
Credit History 25 $2,525,000 $101,000 $255,000 $110,000 $711,000
Other 19 $3,825,000 $201,000 $575,000 $72,000 $154,000
Credit Application Incomplete 17 $3,595,000 $211,000 $555,000 $86,000 $195,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,160,000 $290,000 $405,000 $73,000 $96,000
Unverifiable Information 2 $260,000 $130,000 $155,000 $60,000 $69,000
Employment History 2 $540,000 $270,000 $375,000 $58,000 $84,000
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.

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