Summit County UT
Mortgage Loan Application
Totals and Details
for 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 4,386
Total Mortgage Loan Application Amount $2,523,335,000
Average Mortgage Loan Application Amount $575,000
Highest Mortgage Loan Application Amount $14,300,000
Average Applicant Income $280,000
Highest Applicant Income $9,999,000
Download the Utah Lender List

Mortgage Loan Application Detail Totals for Summit County UT 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 2,323 $1,242,089,000 $534,000 $14,300,000 $255,000 $9,999,000
Home Purchase 1,872 $1,193,831,000 $637,000 $7,800,000 $319,000 $8,547,000
Home Improvement 191 $87,415,000 $457,000 $5,000,000 $216,000 $2,148,000

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 3,554 $1,966,396,000 $553,000 $6,400,000 $281,000 $9,999,000
Not Provided 414 $302,148,000 $729,000 $7,800,000 $436,000 $9,999,000
Not applicable 225 $168,121,000 $747,000 $14,300,000 $51,000 $2,324,000
Hispanic 110 $45,921,000 $417,000 $5,000,000 $171,000 $1,396,000
Asian 58 $29,552,000 $509,000 $2,160,000 $269,000 $1,339,000
Native Hawaiin or Other Pacific Islander 11 $4,819,000 $438,000 $710,000 $165,000 $385,000
American Indian or Alaskan Native 9 $2,674,000 $297,000 $436,000 $127,000 $374,000
Black or African American 5 $3,704,000 $740,000 $2,280,000 $580,000 $1,263,000

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) 3,985 $2,367,217,000 $594,000 $14,300,000 $301,000 $9,999,000
FHA-insured (Federal Housing Administration) 223 $74,286,000 $333,000 $795,000 $71,000 $592,000
VA-guaranteed (Veterans Administration) 139 $72,576,000 $522,000 $1,245,000 $98,000 $500,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 39 $9,256,000 $237,000 $379,000 $48,000 $94,000

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 2,510 $1,476,918,000 $588,000 $7,800,000 $311,000 $9,999,000
Application Denied By Financial Institution 622 $352,226,000 $566,000 $5,000,000 $231,000 $4,176,000
Application Withdrawn By Applicant 612 $343,402,000 $561,000 $5,300,000 $295,000 $7,332,000
Loan Purchased By The Institution 323 $157,892,000 $488,000 $14,300,000 $105,000 $2,324,000
File Closed For Incompleteness 204 $112,462,000 $551,000 $6,400,000 $187,000 $1,781,000
Application Approved But Not Accepted 115 $80,435,000 $699,000 $6,000,000 $458,000 $8,547,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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 150 $98,648,000 $657,000 $4,000,000 $138,000 $959,000
Collateral 91 $39,781,000 $437,000 $2,240,000 $278,000 $2,144,000
Credit History 52 $25,781,000 $495,000 $1,995,000 $195,000 $782,000
Credit Application Incomplete 50 $31,521,000 $630,000 $2,372,000 $317,000 $1,271,000
Other 46 $33,507,000 $728,000 $5,000,000 $538,000 $4,176,000
Unverifiable Information 36 $24,509,000 $680,000 $3,000,000 $298,000 $1,834,000
Insufficient Cash (Downpayment, Closing Cost) 22 $24,894,000 $1,131,000 $4,000,000 $417,000 $2,222,000
Employment History 10 $5,878,000 $587,000 $1,300,000 $184,000 $652,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Download the Utah Lender List