AllMortgageDetail - Mortgage Application Details

SAN JOSE-SUNNYVALE-SANTA CLARA, CA
Mortgage Loan Application
Totals and Details
for 2014

Download the entire list of lenders located in California to a Spreadsheet or Other File Type
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 71,659
Total Mortgage Loan Application Amount $38,938,766,000
Average Mortgage Loan Application Amount $543,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $157,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for SAN JOSE-SUNNYVALE-SANTA CLARA, CA 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 42,762 $21,619,038,000 $505,000 $99,999,000 $151,000 $6,351,000
Home Purchase 25,693 $15,934,345,000 $620,000 $82,500,000 $168,000 $9,999,000
Home Improvement 3,204 $1,385,383,000 $432,000 $38,675,000 $155,000 $6,400,000

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
Asian 25,477 $14,138,948,000 $554,000 $5,000,000 $176,000 $4,302,000
White 24,112 $12,965,048,000 $537,000 $11,000,000 $178,000 $7,531,000
Not Provided 7,817 $3,996,141,000 $511,000 $4,270,000 $173,000 $9,999,000
Not applicable 6,486 $4,823,915,000 $743,000 $99,999,000 $37,000 $750,000
Hispanic 6,384 $2,414,736,000 $378,000 $3,390,000 $111,000 $1,860,000
Black or African American 774 $341,032,000 $440,000 $3,210,000 $135,000 $3,759,000
Native Hawaiin or Other Pacific Islander 451 $188,174,000 $417,000 $2,195,000 $133,000 $1,790,000
American Indian or Alaskan Native 158 $70,772,000 $447,000 $1,325,000 $154,000 $770,000

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) 66,885 $36,651,077,000 $547,000 $99,999,000 $162,000 $9,999,000
FHA-insured (Federal Housing Administration) 3,115 $1,433,369,000 $460,000 $36,310,000 $94,000 $1,860,000
VA-guaranteed (Veterans Administration) 1,568 $823,937,000 $525,000 $2,494,000 $94,000 $1,866,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 91 $30,383,000 $333,000 $514,000 $76,000 $1,250,000

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 41,384 $24,003,231,000 $580,000 $99,999,000 $178,000 $7,531,000
Application Denied By Financial Institution 9,827 $4,764,418,000 $484,000 $6,600,000 $142,000 $2,952,000
Loan Purchased By The Institution 8,253 $3,836,975,000 $464,000 $2,880,000 $65,000 $1,935,000
Application Withdrawn By Applicant 6,847 $3,813,951,000 $557,000 $82,500,000 $166,000 $9,999,000
Application Approved But Not Accepted 2,790 $1,282,510,000 $459,000 $8,600,000 $154,000 $2,084,000
File Closed For Incompleteness 2,557 $1,237,264,000 $483,000 $7,000,000 $161,000 $6,400,000
Preapproval Denied by Financial Institution 1 $417,000 $417,000 $417,000 $90,000 $90,000
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 2,393 $1,275,127,000 $532,000 $3,210,000 $121,000 $1,704,000
Credit History 1,353 $591,046,000 $436,000 $6,600,000 $143,000 $2,415,000
Credit Application Incomplete 1,048 $567,549,000 $541,000 $2,768,000 $169,000 $1,360,000
Collateral 1,003 $504,604,000 $503,000 $4,000,000 $172,000 $1,372,000
Other 847 $387,900,000 $457,000 $3,875,000 $166,000 $2,187,000
Unverifiable Information 370 $205,459,000 $555,000 $3,965,000 $170,000 $831,000
Insufficient Cash (Downpayment, Closing Cost) 268 $159,119,000 $593,000 $2,950,000 $167,000 $703,000
Employment History 120 $58,733,000 $489,000 $2,400,000 $131,000 $1,070,000
Mortgage Insurance Denied 2 $1,024,000 $512,000 $560,000 $128,000 $136,000