AllMortgageDetail - Mortgage Application Details

San Mateo County CA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 26,810
Total Mortgage Loan Application Amount $17,011,833,000
Average Mortgage Loan Application Amount $634,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $187,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for San Mateo County 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 16,825 $9,392,864,000 $558,000 $42,256,000 $173,000 $9,999,000
Home Purchase 8,628 $6,783,539,000 $786,000 $99,999,000 $218,000 $5,300,000
Home Improvement 1,357 $835,430,000 $615,000 $55,392,000 $175,000 $3,477,000

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 11,362 $7,475,483,000 $657,000 $10,000,000 $220,000 $7,204,000
Asian 7,037 $4,102,383,000 $582,000 $11,080,000 $181,000 $3,141,000
Not Provided 3,586 $2,296,977,000 $640,000 $9,500,000 $227,000 $9,999,000
Not applicable 2,196 $1,977,365,000 $900,000 $99,999,000 $35,000 $939,000
Hispanic 2,010 $893,320,000 $444,000 $6,200,000 $135,000 $3,506,000
Black or African American 291 $116,092,000 $398,000 $2,200,000 $150,000 $5,809,000
Native Hawaiin or Other Pacific Islander 278 $124,987,000 $449,000 $1,500,000 $126,000 $559,000
American Indian or Alaskan Native 50 $25,226,000 $504,000 $2,798,000 $137,000 $363,000

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) 25,668 $16,416,182,000 $639,000 $99,999,000 $191,000 $9,999,000
FHA-insured (Federal Housing Administration) 748 $357,289,000 $477,000 $2,823,000 $107,000 $1,000,000
VA-guaranteed (Veterans Administration) 394 $238,362,000 $604,000 $1,500,000 $101,000 $443,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 15,948 $10,802,212,000 $677,000 $99,999,000 $211,000 $5,809,000
Application Denied By Financial Institution 3,820 $2,221,266,000 $581,000 $10,000,000 $161,000 $4,224,000
Loan Purchased By The Institution 2,665 $1,329,693,000 $498,000 $2,792,000 $65,000 $1,361,000
Application Withdrawn By Applicant 2,622 $1,641,360,000 $625,000 $10,000,000 $209,000 $9,999,000
File Closed For Incompleteness 922 $529,376,000 $574,000 $11,080,000 $175,000 $1,761,000
Application Approved But Not Accepted 831 $487,091,000 $586,000 $9,000,000 $200,000 $3,456,000
Preapproval Approved but not Accepted 1 $220,000 $220,000 $220,000 $76,000 $76,000
Preapproval Denied by Financial Institution 1 $615,000 $615,000 $615,000 $241,000 $241,000

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
Debt-To-Income Ratio 1,110 $688,658,000 $620,000 $8,000,000 $128,000 $1,703,000
Credit History 488 $234,786,000 $481,000 $3,000,000 $172,000 $3,377,000
Credit Application Incomplete 407 $253,935,000 $623,000 $6,000,000 $213,000 $3,526,000
Collateral 398 $236,814,000 $595,000 $2,945,000 $197,000 $2,453,000
Other 263 $155,523,000 $591,000 $6,200,000 $207,000 $2,403,000
Unverifiable Information 150 $100,457,000 $669,000 $10,000,000 $222,000 $4,224,000
Insufficient Cash (Downpayment, Closing Cost) 92 $74,731,000 $812,000 $3,395,000 $254,000 $1,803,000
Employment History 33 $17,517,000 $530,000 $1,070,000 $142,000 $312,000
Mortgage Insurance Denied 1 $274,000 $274,000 $274,000 $57,000 $57,000