Sequatchie County, TN Mortgage Lenders & HMDA Data, 2024

In 2024, lenders reported 817 mortgage applications in Sequatchie County, TN totaling $192.0 million, up 20% from 2023. The average application was for $234,000, and applicants reported an average income of $108,000. 46% of applications resulted in an originated loan and 20% were denied. The most active lender was Vanderbilt Mortgage and Finance, Inc, with 84 applications, followed by Citizens Tri County Bank and 21st Mortgage.

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 817
Total Mortgage Loan Application Amount $191,965,000
Average Mortgage Loan Application Amount $234,000
Highest Mortgage Loan Application Amount $1,705,000
Average Applicant Income $108,000
Highest Applicant Income $1,788,000

Mortgage Company List for Lending in Sequatchie County, TN for 2024

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ n/a 84 $ 12,650,000
Citizens Tri County Bank
P.O. BOX, 15699
DUNLAP, TN 37327
* $ n/a 75 $ 16,305,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ n/a 38 $ 3,580,000
Mountain Valley Bank
17114 RANKIN AVE
DUNLAP, TN 37327
* $ n/a 28 $ 6,650,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ n/a 28 $ 8,100,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ n/a 23 $ 4,995,000
Tennessee Valley Federal C U
535 CHESTNUT STREET
CHATTANOOGA, TN 37402
* $ n/a 22 $ 3,820,000
Firstbank
1221 BROADWAY SUITE 1300
NASHVILLE, TN 37203
* $ n/a 22 $ 4,370,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ n/a 21 $ 3,865,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ n/a 20 $ 6,810,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ n/a 19 $ 6,205,000
Regions Bank
1900 5TH AVENUE N
BIRMINGHAM, AL 35203
* $ n/a 19 $ 1,585,000
Summit Funding.Inc
2135 BUTANO DRIVE SUITE 150
SACRAMENTO, CA 95825
* $ n/a 16 $ 3,470,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ n/a 15 $ 4,655,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ n/a 14 $ 4,860,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ n/a 14 $ 4,230,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ n/a 12 $ 3,300,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ n/a 10 $ 2,450,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ n/a 10 $ 730,000
Mortgage Investors Group
501 JAMES ROBERTSON PARKWAY
NASHVILLE, TN 37219
* $ n/a 9 $ 3,705,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ n/a 9 $ 2,245,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ n/a 8 $ 500,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ n/a 7 $ 1,625,000
Highlands Residential Mortgage, Ltd.
950 W BETHANY DR STE 800
ALLEN, TX 75013
* $ n/a 7 $ 1,335,000
Builtwell Bank
728 BROAD STREET
CHATTANOOGA, TN 37402
* $ n/a 7 $ 795,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ n/a 7 $ 2,175,000
Ark-La-Tex Financial Services LLC
5160 TENNYSON PKWY STE 1000
PLANO, TX 75024
* $ n/a 7 $ 2,555,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ n/a 7 $ 1,335,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ n/a 6 $ 2,070,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ n/a 6 $ 550,000
Alameda Mortgage Corporation
1850 MT. DIABLO BLVD. SUITE 100
WALNUT CREEK, CA 94596
* $ n/a 6 $ 1,170,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ n/a 6 $ 2,250,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ n/a 6 $ 2,370,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ n/a 5 $ 1,325,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ n/a 5 $ 1,535,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ n/a 5 $ 975,000
Truhome Solutions, LLC
9601 LEGLER ROAD
LENEXA, KS 66219
* $ n/a 5 $ 1,195,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ n/a 4 $ 1,880,000
Smartbank
2430 TEASTER LANE
PIGEON FORGE, TN 37863
* $ n/a 4 $ 1,110,000
Intercoastal Mortgage, LLC
11911 FREEDOM DRIVE SUITE 500
RESTON, VA 20190
* $ n/a 4 $ 1,780,000
1st Signature Lending, LLC
9800 CROSSPOINT BLVD.
INDIANAPOLIS, IN 46256
* $ n/a 3 $ 785,000
Tjc Mortgage Inc
1 PERIMETER PARK S, STE 230 S
BIRMINGHAM, AL 35243
* $ n/a 3 $ 1,485,000
Chattanooga Area Schools Federal Credit Union
1201 BAILEY AVENUE
CHATTANOOGA, TN 37404
* $ n/a 3 $ 175,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ n/a 3 $ 635,000
Renasant Bank

JOHNS CREEK, GA 30097
* $ n/a 3 $ 775,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ n/a 3 $ 645,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ n/a 3 $ 645,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ n/a 3 $ 615,000
Canopy Mortgage, LLC
360 TECHNOLOGY COURT STE. 200
LINDON, UT 84003
* $ n/a 3 $ 1,165,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ n/a 3 $ 495,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ n/a 3 $ 1,335,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ n/a 3 $ 975,000
First Farmers and Commercial Bank
441 SPRING ST
PIKESVILLE, TN 37367
* $ n/a 3 $ 425,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ n/a 3 $ 1,005,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ n/a 2 $ 270,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ n/a 2 $ 520,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ n/a 2 $ 740,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ n/a 2 $ 640,000
Farm Credit Mid-America, Aca
1601 UPS DRIVE
LOUISVILLE, KY 40299
* $ n/a 2 $ 1,660,000
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ n/a 2 $ 580,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ n/a 2 $ 410,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ n/a 2 $ 520,000
The Loan Store, Inc

TUCSON, AZ 85718
* $ n/a 2 $ 190,000
Bank of Cleveland
75 BOBBY TAYLOR AVE
CLEVELAND, TN 37311
* $ n/a 2 $ 230,000
Atlantic Bay Mortgage Group
596 LYNNHAVEN PARKWAY SUITE 200
VIRGINIA BEACH, VA 23452
* $ n/a 2 $ 710,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ n/a 2 $ 230,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ n/a 2 $ 740,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ n/a 2 $ 360,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ n/a 2 $ 130,000
Suncoast Credit Union
6801 E HILLSBOROUGH AVE
TAMPA, FL 33610
* $ n/a 2 $ 510,000
Secured Investment Corp
701 E FRONT AVE
COEUR D'ALENE, ID 83814
* $ n/a 2 $ 160,000
Loanunited.Com, LLC
3235 SATELLITE BLVD SUITE 314
DULUTH, GA 30096
* $ n/a 2 $ 560,000
Nations Lending Corporation
4 SUMMIT PARK DR STE 200
INDEPENDENCE, OH 44131
* $ n/a 2 $ 360,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ n/a 2 $ 750,000
Stockton Mortgage Corporation
88 C MICHAEL DAVENPORT BLVD.
FRANKFORT, KY 40601
* $ n/a 2 $ 370,000
Legends Bank
P.O. BOX 1066
CLARKSVILLE, TN 37041
* $ n/a 2 $ 640,000
Homexpress Mortgage Corp.
1936 E DEERE AVE SUITE 200
SANTA ANA, CA 92705
* $ n/a 2 $ 1,670,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ n/a 2 $ 540,000
River Valley Agcredit
P O BOX 309
PADUCAH, KY 42001
* $ n/a 2 $ 600,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ n/a 2 $ 570,000
Southwest Stage Funding LLC
2290 E YEAGER DR SUITE 250
CHANDLER, AZ 85286
* $ n/a 2 $ 320,000
Iserve Residential Lending
10920 VIA FRONTERA SUITE 520
SAN DIEGO, CA 92127
* $ n/a 2 $ 460,000
Amwest Funding Corp
6 POINTE DRIVE, SUITE 300
BREA, CA 92821
* $ n/a 1 $ 205,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ n/a 1 $ 215,000
Gmfs, LLC
7389 FLORIDA BLVD, STE 200-A
BATON ROUGE, LA 70806
* $ n/a 1 $ 55,000
Clearview Federal Credit Union
8805 UNIVERSITY BLVD
MOON TOWNSHIP, PA 15108
* $ n/a 1 $ 105,000
Trust Federal Credit Union
2186 NORTHGATE PARK LANE
CHATTANOOGA, TN 37402
* $ n/a 1 $ 65,000
Unmb Home Loans Inc
3601 HEMPSTEAD TPK. SUITE 300
LEVITTOWN, NY 11756
* $ n/a 1 $ 275,000
NFM, Inc
1190 WINTERSON ROAD, SUITE 300
LINTHICUM, MD 21090
* $ n/a 1 $ 165,000
Rockpointbank
401 CHESTNUT ST SUITE 101
CHATTANOOGA, TN 37402
* $ n/a 1 $ 925,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ n/a 1 $ 165,000
Hearthside Bank Corporation
1602 CUMBERLAND AVENUE
MIDDLESBORO, KY 40965
* $ n/a 1 $ 395,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ n/a 1 $ 515,000
Third Federal Savings and Loan
7007 BROADWAY AVENUE
CLEVELAND, OH 44105
* $ n/a 1 $ 65,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ n/a 1 $ 265,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ n/a 1 $ 35,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ n/a 1 $ 315,000
Lendsure Mortgage Corp.
16959 BERNARDO CENTER DR, #102
SAN DIEGO, CA 92128
* $ n/a 1 $ 575,000
Diamond Residential Mtg Corp
582 OAKWOOD AVE
LAKE FOREST, IL 60045
* $ n/a 1 $ 415,000
Redstone Federal Credit Union
220 WYNN DRIVE
HUNTSVILLE, AL 35893
* $ n/a 1 $ 155,000
First Colony Mortgage Corporat
500 EAST PARK AVENUE SUITE 900
OREM, UT 84097
* $ n/a 1 $ 205,000
Primis Bank

GLEN ALLEN, VA 23060
* $ n/a 1 $ 265,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ n/a 1 $ 205,000
First Savings Bank
501 E. LEWIS & CLARK PARKWAY
JEFFERSONVILLE, IN 47130
* $ n/a 1 $ 765,000
Liberty Federal Credit Union
9520 ORMSBY STATION RD SUITE 20
LOUISVILLE, KY 40223
* $ n/a 1 $ 645,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ n/a 1 $ 245,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ n/a 1 $ 255,000
Kind Lending, LLC
1920 MAIN STREET SUITE 1100 & 1200
IRVINE, CA 92614
* $ n/a 1 $ 145,000
Teachers Federal Credit Union
102 MOTOR PARKWAY
HAUPPAUGE, NY 11788
* $ n/a 1 $ 25,000
Andrew Johnson Bank
124 N MAIN STREET
GREENEVILLE, TN 37744
* $ n/a 1 $ 75,000
Longbridge Financial, LLC
1 INTERNATIONAL BOULEVARD, SUITE 900
MAHWAH, NJ 07495
* $ n/a 1 $ 345,000
Delta Community Credit Union
3270 RIVERWOOD PKWY
ATLANTA, GA 30339
* $ n/a 1 $ 475,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ n/a 1 $ 375,000
First Jackson Bank, Inc
43243 U S HIGHWAY 72
STEVENSON, AL 35772
* $ n/a 1 $ 225,000
Geneva Financial LLC
180 S ARIZONA AVE STE 310
CHANDLER, AZ 85225
* $ n/a 1 $ 315,000
Kiavi Funding, Inc.
315 MONTGOMERY STREET 16TH FLOOR
SAN FRANCISCO, CA 94104
* $ n/a 1 $ 295,000
UBS Bank USA
299 S. MAIN ST
SALT LAKE CITY, UT 84111
* $ n/a 1 $ 1,265,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ n/a 1 $ 105,000
Synergy One Lending, Inc.
3131 CAMINO DEL RIO N. SUITE 150
SAN DIEGO, CA 92101
* $ n/a 1 $ 95,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ n/a 1 $ 55,000
Tomo Mortgage LLC
909 THIRD AVENUE 9TH FL
NEW YORK, NY 10018
* $ n/a 1 $ 405,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ n/a 1 $ 415,000
Rpe Home, Inc
1312 17TH STREET SUITE 71618
DENVER, CO 80202
* $ n/a 1 $ 95,000
Ascend Federal Credit Union
520 AIRPARK DRIVE
TULLAHOMA, TN 37388
* $ n/a 1 $ 55,000
Acrisure Mortgage, LLC
189 S ORANGE AVE STE 970
ORLANDO, FL 32801
* $ n/a 1 $ 1,175,000
Ameris Bank
300 SOUTH MAIN STREET
ATLANTA, GA 30305
* $ n/a 1 $ 495,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ n/a 1 $ 155,000
Tower Community Bank
4564 MAIN ST
JASPER, TN 30752
* $ n/a 1 $ 155,000
Ally Bank

CHARLOTTE, NC 28202
* $ n/a 1 $ 75,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ n/a 1 $ 295,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ n/a 1 $ 185,000
Stg Mortgage Inc
18401 VON KARMAN AVENUE SUITE 440
IRVINE, CA 92612
* $ n/a 1 $ 205,000
Chattanooga Federal Employees Credit Union
2011 STEIN DR.
CHATTANOOGA, TN 37421
* $ n/a 1 $ 85,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ n/a 1 $ 395,000
Fidelity Bank
353 CARONDELET ST
NEW ORLEANS, LA 70130
* $ n/a 1 $ 245,000
Wilson Bank and Trust
623 WEST MAIN STREET
LEBANON, TN 37087
* $ n/a 1 $ 345,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ n/a 1 $ 405,000
Pinnacle Bank
150 3RD AVE SOUTH
NASHVILLE, TN 37203
* $ n/a 1 $ 645,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ n/a 1 $ 285,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ n/a 1 $ 385,000
Eastman Credit Union
P.O. BOX 1989
KINGSPORT, TN 37662
* $ n/a 1 $ 145,000
Flagstar Bank NA

TROY, MI 49098
* $ n/a 1 $ 765,000
Hall Financial
888 W BIG BEAVER RD, SUITE 800
TROY, MI 48083
* $ n/a 1 $ 315,000
Alliance Credit Union
8401 QUAKER AVE
LUBBOCK, TX 79424
* $ n/a 1 $ 655,000
Cadence Bank
P O BOX 789
TUPELO, MS 38804
* $ n/a 1 $ 75,000
First Horizon Bank
165 MADISON AVE 5TH FLOOR
MEMPHIS, TN 38103
* $ n/a 1 $ 65,000

The tables below break down 2024 mortgage applications in Sequatchie County, TN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Sequatchie County, TN in 2024

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 461 $117,695,000 $255,000 $1,705,000 $113,000 $1,788,000
Cash-out Refinancing 131 $30,765,000 $234,000 $1,405,000 $88,000 $450,000
Refinancing 100 $28,980,000 $289,000 $1,275,000 $106,000 $468,000
Other Purpose 62 $8,550,000 $137,000 $925,000 $124,000 $720,000
Home Improvement 62 $5,960,000 $96,000 $505,000 $97,000 $465,000
Not Applicable 1 $15,000 $15,000 $15,000 $0 $0

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 603 $136,185,000 $225,000 $1,705,000 $109,000 $1,788,000
Not applicable 91 $27,055,000 $297,000 $1,175,000 $110,000 $158,000
Not Provided 87 $20,695,000 $237,000 $945,000 $111,000 $408,000
Hispanic 30 $6,300,000 $210,000 $645,000 $95,000 $490,000
American Indian or Alaskan Native 2 $750,000 $375,000 $385,000 $68,000 $77,000
Asian 2 $560,000 $280,000 $355,000 $65,000 $92,000
Black or African American 2 $420,000 $210,000 $225,000 $32,000 $64,000
Native Hawaiian or Other Pacific Islander 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) 591 $126,485,000 $214,000 $1,705,000 $114,000 $1,788,000
FHA-insured (Federal Housing Administration) 111 $25,715,000 $231,000 $495,000 $77,000 $188,000
VA-guaranteed (Veterans Administration) 94 $35,250,000 $375,000 $1,175,000 $106,000 $291,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 21 $4,515,000 $215,000 $275,000 $77,000 $95,000

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 372 $89,970,000 $241,000 $1,705,000 $125,000 $1,788,000
Application Denied By Financial Institution 160 $28,910,000 $180,000 $1,405,000 $83,000 $720,000
Application Withdrawn By Applicant 104 $30,130,000 $289,000 $1,265,000 $111,000 $468,000
Loan Purchased By The Institution 91 $28,285,000 $310,000 $1,175,000 $110,000 $291,000
File Closed For Incompleteness 61 $8,245,000 $135,000 $575,000 $70,000 $243,000
Application Approved But Not Accepted 27 $5,515,000 $204,000 $625,000 $90,000 $201,000
Preapproval Approved but not Accepted 2 $910,000 $455,000 $645,000 $137,000 $198,000
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
Not applicable 623 $155,865,000 $250,000 $1,705,000 $114,000 $1,788,000
Debt-To-Income Ratio 78 $14,870,000 $190,000 $1,235,000 $85,000 $574,000
Credit History 45 $7,025,000 $156,000 $1,405,000 $78,000 $360,000
Credit Application Incomplete 20 $4,020,000 $201,000 $555,000 $141,000 $720,000
Unverifiable Information 19 $3,235,000 $170,000 $425,000 $83,000 $188,000
Collateral 15 $2,235,000 $149,000 $435,000 $74,000 $130,000
Insufficient Cash (Downpayment, Closing Cost) 9 $1,885,000 $209,000 $355,000 $80,000 $138,000
Other 6 $2,170,000 $361,000 $755,000 $140,000 $334,000
Employment History 2 $660,000 $330,000 $405,000 $146,000 $204,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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