AllMortgageDetail - Mortgage Application Details

San Miguel County CO
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 511
Total Mortgage Loan Application Amount $314,044,000
Average Mortgage Loan Application Amount $614,000
Highest Mortgage Loan Application Amount $15,000,000
Average Applicant Income $362,000
Highest Applicant Income $9,447,000

Mortgage Loan Application Detail Totals for San Miguel County CO 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
Home Purchase 263 $167,241,000 $635,000 $5,971,000 $468,000 $9,447,000
Refinancing 234 $142,176,000 $607,000 $15,000,000 $253,000 $3,731,000
Home Improvement 14 $4,627,000 $330,000 $2,000,000 $194,000 $970,000

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 425 $245,220,000 $576,000 $5,971,000 $365,000 $9,447,000
Not Provided 41 $26,482,000 $645,000 $2,230,000 $599,000 $7,361,000
Not applicable 32 $36,376,000 $1,136,000 $15,000,000 $45,000 $448,000
Hispanic 11 $5,271,000 $479,000 $816,000 $302,000 $790,000
Native Hawaiin or Other Pacific Islander 1 $342,000 $342,000 $342,000 $171,000 $171,000
American Indian or Alaskan Native 1 $353,000 $353,000 $353,000 $145,000 $145,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0

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) 497 $310,746,000 $625,000 $15,000,000 $370,000 $9,447,000
FHA-insured (Federal Housing Administration) 9 $1,753,000 $194,000 $368,000 $47,000 $145,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $612,000 $204,000 $255,000 $58,000 $79,000
VA-guaranteed (Veterans Administration) 2 $933,000 $466,000 $524,000 $146,000 $158,000

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 279 $202,863,000 $727,000 $15,000,000 $440,000 $9,447,000
Application Denied By Financial Institution 98 $53,822,000 $549,000 $4,400,000 $294,000 $3,343,000
Application Withdrawn By Applicant 65 $34,465,000 $530,000 $3,535,000 $257,000 $2,202,000
Application Approved But Not Accepted 32 $11,574,000 $361,000 $1,610,000 $340,000 $1,920,000
Loan Purchased By The Institution 24 $7,208,000 $300,000 $909,000 $113,000 $678,000
File Closed For Incompleteness 13 $4,112,000 $316,000 $842,000 $237,000 $2,134,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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
Collateral 31 $16,070,000 $518,000 $2,300,000 $275,000 $1,055,000
Debt-To-Income Ratio 21 $14,600,000 $695,000 $4,400,000 $211,000 $1,597,000
Other 10 $5,594,000 $559,000 $1,550,000 $507,000 $3,156,000
Credit Application Incomplete 7 $5,230,000 $747,000 $3,000,000 $555,000 $2,134,000
Credit History 6 $3,715,000 $619,000 $2,000,000 $245,000 $611,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,573,000 $393,000 $692,000 $123,000 $215,000
Employment History 2 $511,000 $255,000 $364,000 $51,000 $63,000
Unverifiable Information 1 $2,900,000 $2,900,000 $2,900,000 $3,343,000 $3,343,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0