AllMortgageDetail - Mortgage Application Details

South Carolina
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 188,850
Total Mortgage Loan Application Amount $32,261,150,000
Average Mortgage Loan Application Amount $170,000
Highest Mortgage Loan Application Amount $73,600,000
Average Applicant Income $76,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for South Carolina 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 107,910 $19,550,517,000 $181,000 $34,000,000 $77,000 $9,118,000
Refinancing 68,484 $12,008,140,000 $175,000 $73,600,000 $75,000 $9,999,000
Home Improvement 12,456 $702,493,000 $56,000 $20,000,000 $63,000 $9,999,000

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 120,680 $21,132,990,000 $175,000 $5,880,000 $90,000 $9,999,000
Black or African American 25,577 $2,920,668,000 $114,000 $1,634,000 $50,000 $2,192,000
Not applicable 19,464 $4,423,147,000 $227,000 $73,600,000 $15,000 $1,349,000
Not Provided 15,236 $2,558,122,000 $167,000 $3,535,000 $83,000 $6,399,000
Hispanic 4,364 $617,118,000 $141,000 $1,680,000 $64,000 $2,353,000
Asian 2,507 $463,897,000 $185,000 $1,530,000 $98,000 $2,710,000
American Indian or Alaskan Native 759 $104,759,000 $138,000 $625,000 $64,000 $878,000
Native Hawaiin or Other Pacific Islander 263 $40,449,000 $153,000 $1,500,000 $71,000 $744,000

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) 127,318 $22,320,773,000 $175,000 $73,600,000 $91,000 $9,999,000
FHA-insured (Federal Housing Administration) 28,798 $4,125,666,000 $143,000 $27,352,000 $41,000 $1,853,000
VA-guaranteed (Veterans Administration) 23,533 $4,579,533,000 $194,000 $2,554,000 $54,000 $750,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9,201 $1,235,178,000 $134,000 $1,508,000 $32,000 $1,164,000

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 92,462 $17,210,126,000 $186,000 $73,600,000 $90,000 $9,999,000
Application Denied By Financial Institution 38,608 $5,011,017,000 $129,000 $34,000,000 $65,000 $9,999,000
Loan Purchased By The Institution 27,884 $4,777,583,000 $171,000 $19,645,000 $36,000 $2,236,000
Application Withdrawn By Applicant 16,270 $3,065,898,000 $188,000 $36,000,000 $87,000 $3,200,000
Application Approved But Not Accepted 8,609 $1,281,379,000 $148,000 $27,600,000 $71,000 $6,070,000
File Closed For Incompleteness 5,000 $912,866,000 $182,000 $4,400,000 $86,000 $3,641,000
Preapproval Denied by Financial Institution 17 $2,281,000 $134,000 $332,000 $50,000 $112,000
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
Credit History 8,817 $714,494,000 $81,000 $1,680,000 $60,000 $9,999,000
Debt-To-Income Ratio 5,399 $890,560,000 $164,000 $30,428,000 $58,000 $2,449,000
Collateral 3,935 $658,627,000 $167,000 $3,900,000 $97,000 $3,600,000
Credit Application Incomplete 2,223 $398,811,000 $179,000 $2,711,000 $93,000 $5,656,000
Other 1,871 $308,709,000 $164,000 $34,000,000 $80,000 $2,000,000
Insufficient Cash (Downpayment, Closing Cost) 645 $100,217,000 $155,000 $1,920,000 $77,000 $2,508,000
Unverifiable Information 602 $107,095,000 $177,000 $1,576,000 $84,000 $1,316,000
Employment History 373 $50,425,000 $135,000 $662,000 $53,000 $524,000
Mortgage Insurance Denied 17 $3,012,000 $177,000 $342,000 $63,000 $141,000

Mortgage Loan Application Totals in 2014 by South Carolina Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CHARLESTON-NORTH CHARLESTON, SC 36,752 $ 8,415,928,000 $ 228,000 $ 91,000
COLUMBIA, SC 31,115 $ 4,945,754,000 $ 158,000 $ 65,000
FLORENCE, SC 5,268 $ 654,339,000 $ 124,000 $ 60,000
GREENVILLE-ANDERSON-MAULDIN, SC 32,246 $ 5,075,385,000 $ 157,000 $ 71,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 10,095 $ 2,401,265,000 $ 237,000 $ 120,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 16,220 $ 2,525,374,000 $ 155,000 $ 88,000
SPARTANBURG, SC 11,253 $ 1,452,378,000 $ 129,000 $ 58,000
SUMTER, SC 3,147 $ 394,240,000 $ 125,000 $ 53,000

Mortgage Loan Application Totals in 2014 by South Carolina County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Abbeville 552 $ 55,579,000 $ 100,000 $ 50,000
Aiken 5,564 $ 766,512,000 $ 137,000 $ 62,000
Allendale 112 $ 7,217,000 $ 64,000 $ 41,000
Anderson 6,714 $ 906,700,000 $ 135,000 $ 64,000
Bamberg 177 $ 15,810,000 $ 89,000 $ 62,000
Barnwell 407 $ 35,595,000 $ 87,000 $ 49,000
Beaufort 9,344 $ 2,302,505,000 $ 246,000 $ 125,000
Berkeley 10,062 $ 1,757,927,000 $ 174,000 $ 67,000
Calhoun 344 $ 42,735,000 $ 124,000 $ 60,000
Charleston 18,966 $ 5,406,489,000 $ 285,000 $ 116,000
Cherokee 1,271 $ 124,005,000 $ 97,000 $ 48,000
Chester 844 $ 87,201,000 $ 103,000 $ 48,000
Chesterfield 1,020 $ 87,598,000 $ 85,000 $ 48,000
Clarendon 735 $ 72,785,000 $ 99,000 $ 60,000
Colleton 1,329 $ 165,528,000 $ 124,000 $ 67,000
Darlington 1,487 $ 167,161,000 $ 112,000 $ 57,000
Dillon 486 $ 37,682,000 $ 77,000 $ 47,000
Dorchester 7,848 $ 1,289,019,000 $ 164,000 $ 62,000
Edgefield 806 $ 106,987,000 $ 132,000 $ 66,000
Fairfield 591 $ 71,914,000 $ 121,000 $ 59,000
Florence 3,881 $ 492,618,000 $ 126,000 $ 61,000
Georgetown 2,320 $ 488,917,000 $ 210,000 $ 109,000
Greenville 20,006 $ 3,456,395,000 $ 172,000 $ 75,000
Greenwood 1,748 $ 217,894,000 $ 124,000 $ 59,000
Hampton 417 $ 31,986,000 $ 76,000 $ 45,000
Horry 16,277 $ 2,529,678,000 $ 155,000 $ 87,000
Jasper 798 $ 101,831,000 $ 127,000 $ 56,000
Kershaw 2,398 $ 331,967,000 $ 138,000 $ 56,000
Lancaster 4,047 $ 712,203,000 $ 175,000 $ 66,000
Laurens 1,811 $ 181,218,000 $ 100,000 $ 51,000
Lee 301 $ 27,510,000 $ 91,000 $ 53,000
Lexington 12,039 $ 1,870,203,000 $ 155,000 $ 65,000
Marion 628 $ 45,741,000 $ 72,000 $ 48,000
Marlboro 415 $ 30,629,000 $ 73,000 $ 46,000
McCormick 295 $ 37,530,000 $ 127,000 $ 86,000
Newberry 969 $ 121,424,000 $ 125,000 $ 66,000
Oconee 2,214 $ 392,160,000 $ 177,000 $ 89,000
Orangeburg 1,998 $ 205,092,000 $ 102,000 $ 55,000
Pickens 3,788 $ 551,075,000 $ 145,000 $ 68,000
Richland 15,457 $ 2,592,888,000 $ 167,000 $ 67,000
Saluda 416 $ 47,862,000 $ 115,000 $ 56,000
Spartanburg 10,776 $ 1,421,059,000 $ 131,000 $ 58,000
Sumter 3,242 $ 400,051,000 $ 123,000 $ 52,000
Union 513 $ 42,224,000 $ 82,000 $ 44,000
Williamsburg 533 $ 43,689,000 $ 81,000 $ 55,000
York 12,113 $ 2,255,788,000 $ 186,000 $ 74,000