AllMortgageDetail - Mortgage Application Details

SAN LUIS OBISPO-PASO ROBLES-ARROYO GRANDE, CA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  
Total Number of Mortgage Applications 11,764
Total Mortgage Loan Application Amount $4,105,870,000
Average Mortgage Loan Application Amount $349,000
Highest Mortgage Loan Application Amount $7,300,000
Average Applicant Income $121,000
Highest Applicant Income $6,467,000

Mortgage Loan Application Detail Totals for SAN LUIS OBISPO-PASO ROBLES-ARROYO GRANDE, 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 6,071 $2,082,277,000 $342,000 $4,750,000 $114,000 $5,178,000
Home Purchase 5,179 $1,910,922,000 $368,000 $7,300,000 $132,000 $6,467,000
Home Improvement 514 $112,671,000 $219,000 $1,500,000 $107,000 $1,415,000

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 8,009 $2,818,634,000 $351,000 $3,225,000 $135,000 $6,467,000
Not Provided 1,397 $479,492,000 $343,000 $1,672,000 $135,000 $4,661,000
Not applicable 1,144 $419,348,000 $366,000 $7,300,000 $20,000 $617,000
Hispanic 790 $239,996,000 $303,000 $2,660,000 $104,000 $2,006,000
Asian 271 $96,480,000 $356,000 $1,068,000 $137,000 $702,000
Black or African American 71 $24,569,000 $346,000 $703,000 $106,000 $339,000
American Indian or Alaskan Native 45 $13,637,000 $303,000 $555,000 $90,000 $216,000
Native Hawaiin or Other Pacific Islander 37 $13,714,000 $370,000 $1,207,000 $118,000 $712,000

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) 9,754 $3,379,279,000 $346,000 $7,300,000 $131,000 $6,467,000
FHA-insured (Federal Housing Administration) 899 $308,973,000 $343,000 $700,000 $79,000 $1,080,000
VA-guaranteed (Veterans Administration) 893 $356,168,000 $398,000 $1,291,000 $72,000 $385,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 218 $61,450,000 $281,000 $568,000 $57,000 $145,000

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 6,353 $2,241,136,000 $352,000 $7,300,000 $138,000 $6,467,000
Application Denied By Financial Institution 1,701 $594,248,000 $349,000 $2,650,000 $116,000 $2,907,000
Loan Purchased By The Institution 1,637 $558,716,000 $341,000 $2,201,000 $52,000 $674,000
Application Withdrawn By Applicant 1,273 $461,039,000 $362,000 $3,225,000 $136,000 $2,400,000
File Closed For Incompleteness 413 $136,240,000 $329,000 $1,302,000 $126,000 $1,308,000
Application Approved But Not Accepted 384 $113,406,000 $295,000 $1,159,000 $113,000 $1,218,000
Preapproval Denied by Financial Institution 3 $1,085,000 $361,000 $498,000 $91,000 $118,000
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 407 $149,514,000 $367,000 $1,880,000 $90,000 $680,000
Collateral 225 $91,131,000 $405,000 $1,600,000 $169,000 $1,566,000
Credit History 207 $65,227,000 $315,000 $1,056,000 $118,000 $600,000
Credit Application Incomplete 156 $60,205,000 $385,000 $1,473,000 $121,000 $1,100,000
Other 147 $42,437,000 $288,000 $1,150,000 $144,000 $2,907,000
Unverifiable Information 44 $16,939,000 $384,000 $1,150,000 $157,000 $820,000
Insufficient Cash (Downpayment, Closing Cost) 39 $15,602,000 $400,000 $1,990,000 $127,000 $302,000
Employment History 14 $5,127,000 $366,000 $735,000 $89,000 $171,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0