SANTA MARIA-SANTA BARBARA, CA
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  
Total Number of Mortgage Applications 20,872
Total Mortgage Loan Application Amount $10,118,807,000
Average Mortgage Loan Application Amount $484,000
Highest Mortgage Loan Application Amount $27,750,000
Average Applicant Income $149,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for SANTA MARIA-SANTA BARBARA, CA in 2016

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 13,946 $6,512,640,000 $466,000 $23,000,000 $140,000 $9,999,000
Home Purchase 6,073 $3,229,475,000 $531,000 $27,750,000 $169,000 $9,999,000
Home Improvement 853 $376,692,000 $441,000 $16,178,000 $144,000 $2,734,000

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 10,801 $5,671,872,000 $525,000 $16,000,000 $189,000 $9,999,000
Hispanic 4,478 $1,342,072,000 $299,000 $3,300,000 $81,000 $1,500,000
Not Provided 2,777 $1,362,640,000 $490,000 $14,250,000 $187,000 $9,999,000
Not applicable 1,706 $1,317,473,000 $772,000 $27,750,000 $23,000 $3,895,000
Asian 686 $278,459,000 $405,000 $2,730,000 $139,000 $1,880,000
Black or African American 226 $78,742,000 $348,000 $1,238,000 $95,000 $1,433,000
Native Hawaiin or Other Pacific Islander 108 $36,341,000 $336,000 $975,000 $106,000 $2,205,000
American Indian or Alaskan Native 90 $31,208,000 $346,000 $1,400,000 $122,000 $715,000

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) 16,483 $8,556,523,000 $519,000 $27,750,000 $172,000 $9,999,000
FHA-insured (Federal Housing Administration) 2,348 $765,187,000 $325,000 $947,000 $62,000 $1,305,000
VA-guaranteed (Veterans Administration) 2,030 $794,269,000 $391,000 $2,247,000 $58,000 $3,895,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11 $2,828,000 $257,000 $448,000 $64,000 $193,000

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 11,350 $5,704,300,000 $502,000 $27,750,000 $166,000 $9,999,000
Application Denied By Financial Institution 3,062 $1,415,797,000 $462,000 $16,500,000 $130,000 $9,999,000
Loan Purchased By The Institution 2,610 $1,095,393,000 $419,000 $4,425,000 $76,000 $3,895,000
Application Withdrawn By Applicant 2,558 $1,283,399,000 $501,000 $22,000,000 $168,000 $6,034,000
File Closed For Incompleteness 825 $395,810,000 $479,000 $23,000,000 $141,000 $5,191,000
Application Approved But Not Accepted 466 $223,642,000 $479,000 $7,200,000 $156,000 $8,409,000
Preapproval Approved but not Accepted 1 $466,000 $466,000 $466,000 $117,000 $117,000
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 631 $373,243,000 $591,000 $10,100,000 $107,000 $911,000
Credit History 310 $127,170,000 $410,000 $16,500,000 $132,000 $3,010,000
Credit Application Incomplete 278 $108,788,000 $391,000 $3,000,000 $138,000 $1,920,000
Collateral 241 $156,106,000 $647,000 $14,000,000 $246,000 $9,999,000
Other 185 $95,494,000 $516,000 $8,500,000 $156,000 $1,236,000
Unverifiable Information 88 $46,882,000 $532,000 $3,500,000 $166,000 $1,716,000
Insufficient Cash (Downpayment, Closing Cost) 73 $41,438,000 $567,000 $3,500,000 $166,000 $865,000
Employment History 14 $6,474,000 $462,000 $1,720,000 $153,000 $518,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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