AllMortgageDetail - Mortgage Application Details

SANTA MARIA-SANTA BARBARA, CA
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  
Total Number of Mortgage Applications 13,150
Total Mortgage Loan Application Amount $5,953,762,000
Average Mortgage Loan Application Amount $452,000
Highest Mortgage Loan Application Amount $22,000,000
Average Applicant Income $145,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for SANTA MARIA-SANTA BARBARA, 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 7,678 $3,357,964,000 $437,000 $16,013,000 $138,000 $9,999,000
Home Purchase 4,974 $2,422,365,000 $487,000 $22,000,000 $157,000 $9,999,000
Home Improvement 498 $173,433,000 $348,000 $9,337,000 $135,000 $2,827,000

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 7,220 $3,577,851,000 $495,000 $10,000,000 $185,000 $9,999,000
Hispanic 2,641 $711,274,000 $269,000 $2,500,000 $85,000 $4,181,000
Not Provided 1,394 $655,631,000 $470,000 $13,000,000 $181,000 $9,999,000
Not applicable 1,180 $759,157,000 $643,000 $22,000,000 $15,000 $602,000
Asian 470 $175,290,000 $372,000 $1,840,000 $127,000 $1,437,000
Black or African American 112 $37,065,000 $330,000 $960,000 $100,000 $425,000
American Indian or Alaskan Native 72 $20,425,000 $283,000 $1,500,000 $92,000 $547,000
Native Hawaiin or Other Pacific Islander 61 $17,069,000 $279,000 $1,546,000 $105,000 $1,142,000

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) 10,986 $5,222,294,000 $475,000 $22,000,000 $161,000 $9,999,000
FHA-insured (Federal Housing Administration) 1,197 $374,206,000 $312,000 $14,064,000 $63,000 $586,000
VA-guaranteed (Veterans Administration) 950 $353,343,000 $371,000 $1,532,000 $72,000 $395,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 17 $3,919,000 $230,000 $580,000 $60,000 $358,000

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 7,198 $3,427,635,000 $476,000 $22,000,000 $167,000 $9,999,000
Application Denied By Financial Institution 2,032 $911,020,000 $448,000 $7,000,000 $139,000 $9,999,000
Loan Purchased By The Institution 1,681 $605,527,000 $360,000 $6,676,000 $48,000 $1,437,000
Application Withdrawn By Applicant 1,350 $622,516,000 $461,000 $6,000,000 $161,000 $5,067,000
Application Approved But Not Accepted 455 $190,757,000 $419,000 $4,850,000 $142,000 $1,505,000
File Closed For Incompleteness 432 $195,257,000 $451,000 $5,250,000 $147,000 $2,582,000
Preapproval Denied by Financial Institution 2 $1,050,000 $525,000 $633,000 $185,000 $231,000
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 485 $273,705,000 $564,000 $7,000,000 $121,000 $2,107,000
Credit History 294 $94,498,000 $321,000 $3,800,000 $159,000 $9,999,000
Collateral 266 $134,132,000 $504,000 $3,000,000 $167,000 $2,594,000
Credit Application Incomplete 180 $82,141,000 $456,000 $2,800,000 $151,000 $1,458,000
Other 156 $57,313,000 $367,000 $2,400,000 $183,000 $4,181,000
Unverifiable Information 66 $28,764,000 $435,000 $1,987,000 $138,000 $480,000
Insufficient Cash (Downpayment, Closing Cost) 37 $21,586,000 $583,000 $2,000,000 $240,000 $1,680,000
Employment History 19 $8,281,000 $435,000 $1,880,000 $111,000 $466,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0