South Carolina
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 257,644
Total Mortgage Loan Application Amount $49,747,924,000
Average Mortgage Loan Application Amount $193,000
Highest Mortgage Loan Application Amount $76,950,000
Average Applicant Income $78,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for South Carolina 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
Home Purchase 137,830 $27,395,384,000 $198,000 $76,950,000 $79,000 $9,999,000
Refinancing 105,558 $21,162,607,000 $200,000 $45,000,000 $77,000 $9,999,000
Home Improvement 14,256 $1,189,933,000 $83,000 $30,724,000 $78,000 $4,800,000

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 163,448 $31,765,928,000 $194,000 $10,001,000 $91,000 $8,989,000
Black or African American 34,559 $4,628,360,000 $133,000 $69,000,000 $52,000 $9,999,000
Not applicable 23,964 $6,726,025,000 $280,000 $76,950,000 $19,000 $3,068,000
Not Provided 23,501 $4,481,779,000 $190,000 $10,001,000 $88,000 $9,999,000
Hispanic 6,778 $1,122,289,000 $165,000 $56,000,000 $66,000 $2,249,000
Asian 3,677 $755,869,000 $205,000 $2,000,000 $99,000 $2,970,000
American Indian or Alaskan Native 1,293 $190,081,000 $147,000 $1,280,000 $64,000 $1,795,000
Native Hawaiin or Other Pacific Islander 424 $77,593,000 $183,000 $980,000 $75,000 $540,000

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) 165,726 $33,436,246,000 $201,000 $76,950,000 $97,000 $9,999,000
FHA-insured (Federal Housing Administration) 46,968 $7,314,038,000 $155,000 $30,345,000 $41,000 $4,786,000
VA-guaranteed (Veterans Administration) 37,467 $7,954,770,000 $212,000 $10,001,000 $50,000 $2,713,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,483 $1,042,870,000 $139,000 $400,000 $35,000 $188,000

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 131,134 $27,339,815,000 $208,000 $45,000,000 $91,000 $9,999,000
Application Denied By Financial Institution 49,682 $7,614,784,000 $153,000 $69,000,000 $67,000 $6,535,000
Loan Purchased By The Institution 31,606 $6,346,611,000 $200,000 $76,950,000 $40,000 $3,068,000
Application Withdrawn By Applicant 24,385 $5,079,859,000 $208,000 $65,000,000 $88,000 $9,999,000
File Closed For Incompleteness 13,376 $1,972,520,000 $147,000 $3,700,000 $64,000 $5,500,000
Application Approved But Not Accepted 7,459 $1,393,970,000 $186,000 $22,000,000 $83,000 $4,778,000
Preapproval Denied by Financial Institution 2 $365,000 $182,000 $290,000 $120,000 $183,000
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 8,078 $983,928,000 $121,000 $63,000,000 $63,000 $4,800,000
Debt-To-Income Ratio 5,545 $969,328,000 $174,000 $32,625,000 $56,000 $1,464,000
Collateral 3,859 $701,856,000 $181,000 $3,160,000 $97,000 $2,072,000
Credit Application Incomplete 2,989 $542,758,000 $181,000 $2,695,000 $84,000 $6,535,000
Other 2,336 $429,047,000 $183,000 $20,698,000 $85,000 $3,380,000
Unverifiable Information 828 $211,090,000 $254,000 $69,000,000 $80,000 $1,271,000
Insufficient Cash (Downpayment, Closing Cost) 691 $147,742,000 $213,000 $15,000,000 $74,000 $1,371,000
Employment History 451 $66,041,000 $146,000 $759,000 $55,000 $442,000
Mortgage Insurance Denied 19 $2,825,000 $148,000 $437,000 $86,000 $331,000
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Mortgage Loan Application Totals in 2016 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 52,788 $ 13,261,899,000 $ 251,000 $ 94,000
COLUMBIA, SC 42,148 $ 7,792,150,000 $ 184,000 $ 68,000
FLORENCE, SC 6,496 $ 825,331,000 $ 127,000 $ 59,000
GREENVILLE-ANDERSON-MAULDIN, SC 43,000 $ 7,854,709,000 $ 182,000 $ 74,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 14,270 $ 3,668,736,000 $ 257,000 $ 118,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 22,722 $ 3,958,458,000 $ 174,000 $ 83,000
SPARTANBURG, SC 15,234 $ 2,217,060,000 $ 145,000 $ 60,000
SUMTER, SC 4,354 $ 565,980,000 $ 129,000 $ 48,000
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Mortgage Loan Application Totals in 2016 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 631 $ 73,762,000 $ 116,000 $ 53,000
Aiken 7,859 $ 1,233,684,000 $ 156,000 $ 62,000
Allendale 122 $ 9,039,000 $ 74,000 $ 43,000
Anderson 8,753 $ 1,328,544,000 $ 151,000 $ 64,000
Bamberg 265 $ 22,150,000 $ 83,000 $ 56,000
Barnwell 496 $ 59,682,000 $ 120,000 $ 52,000
Beaufort 13,146 $ 3,493,765,000 $ 265,000 $ 122,000
Berkeley 14,276 $ 2,913,427,000 $ 204,000 $ 70,000
Calhoun 451 $ 121,108,000 $ 268,000 $ 59,000
Charleston 27,330 $ 8,331,345,000 $ 304,000 $ 120,000
Cherokee 1,572 $ 171,949,000 $ 109,000 $ 52,000
Chester 1,064 $ 121,059,000 $ 113,000 $ 58,000
Chesterfield 1,117 $ 108,767,000 $ 97,000 $ 53,000
Clarendon 1,028 $ 114,232,000 $ 111,000 $ 64,000
Colleton 1,497 $ 195,800,000 $ 130,000 $ 74,000
Darlington 1,811 $ 202,898,000 $ 112,000 $ 55,000
Dillon 647 $ 53,802,000 $ 83,000 $ 48,000
Dorchester 11,398 $ 2,056,564,000 $ 180,000 $ 62,000
Edgefield 1,000 $ 140,019,000 $ 140,000 $ 66,000
Fairfield 794 $ 159,128,000 $ 200,000 $ 78,000
Florence 4,781 $ 628,083,000 $ 131,000 $ 59,000
Georgetown 3,124 $ 770,984,000 $ 246,000 $ 113,000
Greenville 27,208 $ 5,402,476,000 $ 198,000 $ 78,000
Greenwood 2,361 $ 321,559,000 $ 136,000 $ 62,000
Hampton 515 $ 42,012,000 $ 81,000 $ 51,000
Horry 22,782 $ 3,963,188,000 $ 173,000 $ 83,000
Jasper 1,195 $ 179,262,000 $ 150,000 $ 63,000
Kershaw 3,311 $ 493,177,000 $ 148,000 $ 61,000
Lancaster 5,594 $ 1,103,126,000 $ 197,000 $ 74,000
Laurens 2,345 $ 261,136,000 $ 111,000 $ 56,000
Lee 388 $ 33,994,000 $ 87,000 $ 51,000
Lexington 16,388 $ 2,962,267,000 $ 180,000 $ 68,000
Marion 721 $ 58,361,000 $ 80,000 $ 49,000
Marlboro 480 $ 39,252,000 $ 81,000 $ 52,000
McCormick 436 $ 63,065,000 $ 144,000 $ 69,000
Newberry 1,295 $ 193,540,000 $ 149,000 $ 71,000
Oconee 3,087 $ 591,581,000 $ 191,000 $ 92,000
Orangeburg 2,401 $ 271,399,000 $ 113,000 $ 53,000
Pickens 4,761 $ 868,152,000 $ 182,000 $ 77,000
Richland 20,813 $ 4,008,114,000 $ 192,000 $ 69,000
Saluda 546 $ 71,451,000 $ 130,000 $ 64,000
Spartanburg 14,597 $ 2,151,032,000 $ 147,000 $ 60,000
Sumter 4,372 $ 566,998,000 $ 129,000 $ 48,000
Union 648 $ 66,878,000 $ 103,000 $ 47,000
Williamsburg 644 $ 55,248,000 $ 85,000 $ 47,000
York 17,421 $ 3,636,676,000 $ 208,000 $ 80,000
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