AllMortgageDetail - Mortgage Application Details

SANTA CRUZ-WATSONVILLE, 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 9,446
Total Mortgage Loan Application Amount $3,931,332,000
Average Mortgage Loan Application Amount $416,000
Highest Mortgage Loan Application Amount $8,942,000
Average Applicant Income $138,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for SANTA CRUZ-WATSONVILLE, 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 5,508 $2,170,694,000 $394,000 $8,942,000 $127,000 $6,746,000
Home Purchase 3,564 $1,651,710,000 $463,000 $7,338,000 $156,000 $9,999,000
Home Improvement 374 $108,928,000 $291,000 $6,000,000 $127,000 $1,263,000

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 6,042 $2,578,255,000 $426,000 $6,000,000 $159,000 $9,999,000
Hispanic 1,119 $335,097,000 $299,000 $1,225,000 $95,000 $2,447,000
Not Provided 958 $409,559,000 $427,000 $2,700,000 $162,000 $3,771,000
Not applicable 940 $452,066,000 $480,000 $8,942,000 $21,000 $758,000
Asian 285 $121,949,000 $427,000 $1,988,000 $184,000 $1,603,000
Black or African American 46 $17,253,000 $375,000 $1,000,000 $103,000 $310,000
American Indian or Alaskan Native 35 $10,994,000 $314,000 $853,000 $86,000 $195,000
Native Hawaiin or Other Pacific Islander 21 $6,159,000 $293,000 $721,000 $133,000 $456,000

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) 8,510 $3,511,146,000 $412,000 $7,338,000 $144,000 $9,999,000
FHA-insured (Federal Housing Administration) 566 $240,209,000 $424,000 $8,942,000 $86,000 $660,000
VA-guaranteed (Veterans Administration) 313 $159,393,000 $509,000 $1,063,000 $78,000 $355,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 57 $20,584,000 $361,000 $454,000 $71,000 $115,000

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 5,090 $2,205,778,000 $433,000 $7,338,000 $163,000 $9,999,000
Application Denied By Financial Institution 1,459 $574,523,000 $393,000 $8,942,000 $125,000 $4,248,000
Loan Purchased By The Institution 1,157 $485,985,000 $420,000 $2,640,000 $44,000 $1,080,000
Application Withdrawn By Applicant 1,045 $401,179,000 $383,000 $2,500,000 $141,000 $2,816,000
Application Approved But Not Accepted 352 $132,345,000 $375,000 $1,864,000 $136,000 $1,519,000
File Closed For Incompleteness 343 $131,522,000 $383,000 $2,156,000 $139,000 $3,771,000
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
Debt-To-Income Ratio 373 $151,866,000 $407,000 $2,700,000 $97,000 $1,570,000
Credit History 191 $54,877,000 $287,000 $975,000 $107,000 $1,194,000
Collateral 189 $86,158,000 $455,000 $1,900,000 $155,000 $1,331,000
Credit Application Incomplete 141 $65,852,000 $467,000 $2,188,000 $202,000 $4,248,000
Other 137 $46,333,000 $338,000 $1,252,000 $137,000 $1,603,000
Unverifiable Information 44 $16,386,000 $372,000 $781,000 $172,000 $2,080,000
Insufficient Cash (Downpayment, Closing Cost) 32 $17,486,000 $546,000 $1,988,000 $175,000 $794,000
Employment History 7 $2,649,000 $378,000 $766,000 $152,000 $396,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0