SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO, CA
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  
Total Number of Mortgage Applications 72,551
Total Mortgage Loan Application Amount $51,509,849,000
Average Mortgage Loan Application Amount $709,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $209,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO, CA 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 51,841 $32,767,437,000 $632,000 $99,999,000 $194,000 $9,999,000
Home Purchase 16,321 $15,594,425,000 $955,000 $99,999,000 $259,000 $9,999,000
Home Improvement 4,389 $3,147,987,000 $717,000 $57,324,000 $196,000 $5,357,000

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 30,125 $22,026,047,000 $731,000 $20,000,000 $247,000 $9,999,000
Asian 19,282 $11,936,807,000 $619,000 $99,999,000 $194,000 $8,023,000
Not Provided 10,757 $7,610,213,000 $707,000 $16,500,000 $257,000 $9,999,000
Not applicable 5,838 $6,652,409,000 $1,139,000 $99,999,000 $45,000 $1,552,000
Hispanic 4,698 $2,358,005,000 $501,000 $6,338,000 $145,000 $4,160,000
Black or African American 1,069 $531,520,000 $497,000 $5,200,000 $156,000 $8,200,000
Native Hawaiin or Other Pacific Islander 614 $292,895,000 $477,000 $1,900,000 $126,000 $1,200,000
American Indian or Alaskan Native 168 $101,953,000 $606,000 $2,830,000 $192,000 $790,000

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) 70,057 $50,155,065,000 $715,000 $99,999,000 $213,000 $9,999,000
FHA-insured (Federal Housing Administration) 1,432 $670,775,000 $468,000 $1,216,000 $81,000 $2,500,000
VA-guaranteed (Veterans Administration) 1,059 $682,588,000 $644,000 $4,195,000 $84,000 $1,680,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $1,421,000 $473,000 $725,000 $163,000 $239,000

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 42,778 $32,225,323,000 $753,000 $99,999,000 $233,000 $9,999,000
Application Denied By Financial Institution 9,895 $6,223,241,000 $628,000 $49,220,000 $170,000 $6,000,000
Application Withdrawn By Applicant 8,167 $5,771,249,000 $706,000 $99,999,000 $225,000 $9,999,000
Loan Purchased By The Institution 7,453 $4,561,769,000 $612,000 $54,360,000 $107,000 $2,623,000
File Closed For Incompleteness 2,712 $1,664,106,000 $613,000 $7,995,000 $202,000 $8,700,000
Application Approved But Not Accepted 1,545 $1,063,535,000 $688,000 $12,000,000 $211,000 $4,649,000
Preapproval Approved but not Accepted 1 $626,000 $626,000 $626,000 $179,000 $179,000
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 2,523 $1,838,140,000 $728,000 $49,220,000 $142,000 $5,837,000
Credit Application Incomplete 978 $574,774,000 $587,000 $4,195,000 $185,000 $1,359,000
Credit History 859 $495,361,000 $576,000 $4,000,000 $176,000 $2,228,000
Collateral 851 $610,856,000 $717,000 $9,000,000 $224,000 $5,252,000
Other 595 $409,586,000 $688,000 $24,100,000 $211,000 $3,013,000
Unverifiable Information 419 $283,912,000 $677,000 $13,200,000 $215,000 $5,047,000
Insufficient Cash (Downpayment, Closing Cost) 223 $194,335,000 $871,000 $3,600,000 $241,000 $2,344,000
Employment History 83 $52,458,000 $632,000 $1,795,000 $172,000 $600,000
Mortgage Insurance Denied 1 $216,000 $216,000 $216,000 $36,000 $36,000
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