South Carolina
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for South Carolina.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of South Carolina.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 294,776
Total Mortgage Loan Application Amount $62,566,875,000
Average Mortgage Loan Application Amount $212,000
Highest Mortgage Loan Application Amount $89,005,000
Average Applicant Income $99,000
Highest Applicant Income $9,812,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in South Carolina, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for South Carolina in 2019

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 158,916 $35,585,140,000 $223,000 $48,505,000 $96,000 $9,812,000
Refinancing 57,124 $14,082,355,000 $246,000 $69,005,000 $112,000 $8,166,000
Cash-out Refinancing 43,601 $9,309,865,000 $213,000 $43,005,000 $88,000 $7,200,000
Other Purpose 17,460 $1,789,630,000 $102,000 $24,005,000 $115,000 $9,000,000
Home Improvement 14,310 $1,289,140,000 $90,000 $89,005,000 $105,000 $4,956,000
Not Applicable 3,365 $510,745,000 $151,000 $16,785,000 $108,000 $744,000

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 180,448 $37,800,445,000 $209,000 $26,005,000 $106,000 $9,103,000
Black or African American 36,738 $5,526,090,000 $150,000 $3,505,000 $64,000 $8,166,000
Not Provided 32,958 $7,064,100,000 $214,000 $9,965,000 $105,000 $6,800,000
Not applicable 30,035 $9,307,275,000 $309,000 $89,005,000 $96,000 $3,496,000
Hispanic 8,136 $1,488,800,000 $182,000 $1,505,000 $81,000 $9,812,000
Asian 4,096 $930,730,000 $227,000 $3,305,000 $107,000 $3,995,000
American Indian or Alaskan Native 1,321 $219,925,000 $166,000 $5,715,000 $82,000 $7,077,000
Native Hawaiian or Other Pacific Islander 225 $45,955,000 $204,000 $695,000 $87,000 $800,000

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) 197,446 $42,707,165,000 $216,000 $89,005,000 $112,000 $9,812,000
FHA-insured (Federal Housing Administration) 47,199 $8,258,305,000 $174,000 $29,005,000 $60,000 $3,671,000
VA-guaranteed (Veterans Administration) 44,057 $10,639,155,000 $241,000 $7,535,000 $75,000 $9,080,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,074 $962,250,000 $158,000 $645,000 $51,000 $270,000

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 157,135 $35,988,325,000 $229,000 $48,505,000 $106,000 $9,103,000
Application Denied By Financial Institution 45,703 $6,706,035,000 $146,000 $24,535,000 $77,000 $9,812,000
Loan Purchased By The Institution 37,719 $8,339,335,000 $221,000 $15,485,000 $100,000 $3,496,000
Application Withdrawn By Applicant 35,210 $8,155,665,000 $231,000 $89,005,000 $101,000 $7,750,000
File Closed For Incompleteness 12,428 $2,172,290,000 $174,000 $3,475,000 $86,000 $9,000,000
Application Approved But Not Accepted 6,342 $1,158,950,000 $182,000 $12,215,000 $102,000 $3,636,000
Preapproval Approved but not Accepted 172 $34,750,000 $202,000 $615,000 $84,000 $356,000
Preapproval Denied by Financial Institution 67 $11,525,000 $172,000 $455,000 $61,000 $263,000

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 240,368 $53,986,065,000 $224,000 $89,005,000 $104,000 $9,103,000
Debt-To-Income Ratio 21,236 $3,872,090,000 $182,000 $36,255,000 $75,000 $2,368,000
Credit History 15,146 $1,642,530,000 $108,000 $7,535,000 $72,000 $3,996,000
Collateral 5,903 $934,195,000 $158,000 $16,005,000 $105,000 $4,413,000
Credit Application Incomplete 4,384 $890,640,000 $203,000 $5,135,000 $99,000 $9,812,000
Other 3,839 $662,515,000 $172,000 $12,305,000 $92,000 $4,807,000
Unverifiable Information 1,969 $270,185,000 $137,000 $2,005,000 $90,000 $6,000,000
Insufficient Cash (Downpayment, Closing Cost) 1,300 $205,350,000 $157,000 $2,505,000 $91,000 $1,777,000
Employment History 614 $100,470,000 $163,000 $935,000 $56,000 $514,000
Mortgage Insurance Denied 17 $2,835,000 $166,000 $415,000 $70,000 $232,000
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Mortgage Loan Application Totals in 2019 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 60,154 $ 16,675,475,000 $ 277,000 $ 120,000
COLUMBIA, SC 45,414 $ 8,346,800,000 $ 183,000 $ 89,000
FLORENCE, SC 6,599 $ 968,315,000 $ 146,000 $ 79,000
GREENVILLE-ANDERSON-MAULDIN, SC 50,545 $ 10,195,065,000 $ 201,000 $ 95,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 16,929 $ 4,901,725,000 $ 289,000 $ 144,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 27,493 $ 5,183,195,000 $ 188,000 $ 97,000
SPARTANBURG, SC 17,660 $ 3,035,330,000 $ 171,000 $ 76,000
SUMTER, SC 5,480 $ 783,000,000 $ 142,000 $ 74,000
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Mortgage Loan Application Totals in 2019 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 714 $ 84,640,000 $ 118,000 $ 62,000
Aiken 8,502 $ 1,507,090,000 $ 177,000 $ 84,000
Allendale 107 $ 8,635,000 $ 80,000 $ 53,000
Anderson 10,319 $ 1,748,325,000 $ 169,000 $ 82,000
Bamberg 254 $ 25,500,000 $ 100,000 $ 66,000
Barnwell 584 $ 59,540,000 $ 101,000 $ 60,000
Beaufort 15,364 $ 4,599,170,000 $ 299,000 $ 150,000
Berkeley 17,775 $ 4,097,425,000 $ 230,000 $ 93,000
Calhoun 470 $ 65,410,000 $ 139,000 $ 73,000
Charleston 30,211 $ 10,180,070,000 $ 336,000 $ 150,000
Cherokee 1,615 $ 197,825,000 $ 122,000 $ 64,000
Chester 1,096 $ 145,260,000 $ 132,000 $ 69,000
Chesterfield 1,263 $ 140,785,000 $ 111,000 $ 62,000
Clarendon 1,061 $ 139,225,000 $ 131,000 $ 78,000
Colleton 1,554 $ 230,640,000 $ 148,000 $ 83,000
Darlington 1,921 $ 237,925,000 $ 123,000 $ 66,000
Dillon 783 $ 77,375,000 $ 98,000 $ 57,000
Dorchester 12,307 $ 2,516,845,000 $ 204,000 $ 81,000
Edgefield 1,117 $ 190,095,000 $ 170,000 $ 81,000
Fairfield 738 $ 121,460,000 $ 164,000 $ 91,000
Florence 4,875 $ 743,015,000 $ 152,000 $ 82,000
Georgetown 3,749 $ 920,495,000 $ 245,000 $ 135,000
Greenville 32,079 $ 7,137,375,000 $ 222,000 $ 102,000
Greenwood 2,621 $ 377,215,000 $ 143,000 $ 81,000
Hampton 513 $ 54,365,000 $ 105,000 $ 58,000
Horry 27,620 $ 5,195,840,000 $ 188,000 $ 96,000
Jasper 1,610 $ 306,440,000 $ 190,000 $ 86,000
Kershaw 3,469 $ 576,685,000 $ 166,000 $ 79,000
Lancaster 6,854 $ 1,573,890,000 $ 229,000 $ 94,000
Laurens 2,697 $ 361,425,000 $ 134,000 $ 68,000
Lee 379 $ 33,955,000 $ 89,000 $ 56,000
Lexington 18,130 $ 3,290,510,000 $ 181,000 $ 86,000
Marion 710 $ 62,970,000 $ 88,000 $ 60,000
Marlboro 557 $ 50,575,000 $ 90,000 $ 55,000
McCormick 384 $ 66,890,000 $ 174,000 $ 88,000
Newberry 1,303 $ 198,725,000 $ 152,000 $ 83,000
Oconee 3,828 $ 785,590,000 $ 205,000 $ 110,000
Orangeburg 2,741 $ 320,535,000 $ 116,000 $ 67,000
Pickens 5,509 $ 988,425,000 $ 179,000 $ 95,000
Richland 22,128 $ 4,247,250,000 $ 191,000 $ 94,000
Saluda 599 $ 86,275,000 $ 144,000 $ 87,000
Spartanburg 17,665 $ 3,035,835,000 $ 171,000 $ 76,000
Sumter 4,477 $ 649,125,000 $ 144,000 $ 72,000
Union 643 $ 62,525,000 $ 97,000 $ 54,000
Williamsburg 637 $ 61,755,000 $ 96,000 $ 58,000
York 21,244 $ 5,005,950,000 $ 235,000 $ 101,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in South Carolina.

If you prefer, you can download a copy of the entire list of mortgage lenders in South Carolina and search similar information back through 2003.

Download the South Carolina Lender List