Tennessee
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 350,490
Total Mortgage Loan Application Amount $64,035,512,000
Average Mortgage Loan Application Amount $182,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $73,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Tennessee 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 171,808 $33,544,278,000 $195,000 $99,999,000 $75,000 $9,999,000
Refinancing 156,039 $28,680,437,000 $183,000 $99,999,000 $71,000 $9,999,000
Home Improvement 22,643 $1,810,797,000 $79,000 $32,543,000 $70,000 $5,210,000

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 237,651 $42,038,337,000 $176,000 $99,999,000 $83,000 $9,999,000
Not applicable 39,871 $9,842,376,000 $246,000 $99,999,000 $10,000 $5,304,000
Black or African American 28,718 $4,106,866,000 $143,000 $10,001,000 $57,000 $2,583,000
Not Provided 27,778 $5,126,395,000 $184,000 $99,999,000 $85,000 $9,999,000
Hispanic 8,532 $1,323,720,000 $155,000 $2,000,000 $66,000 $6,258,000
Asian 5,698 $1,247,474,000 $218,000 $1,880,000 $103,000 $2,199,000
American Indian or Alaskan Native 1,727 $259,387,000 $150,000 $2,150,000 $79,000 $2,299,000
Native Hawaiin or Other Pacific Islander 515 $90,957,000 $176,000 $909,000 $70,000 $629,000

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) 218,709 $41,518,501,000 $189,000 $99,999,000 $92,000 $9,999,000
FHA-insured (Federal Housing Administration) 74,408 $11,986,684,000 $161,000 $58,552,000 $40,000 $1,828,000
VA-guaranteed (Veterans Administration) 43,546 $8,724,668,000 $200,000 $10,001,000 $46,000 $2,400,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 13,827 $1,805,659,000 $130,000 $1,399,000 $32,000 $1,056,000

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 174,965 $33,998,024,000 $194,000 $57,000,000 $87,000 $9,999,000
Application Denied By Financial Institution 61,957 $9,119,847,000 $147,000 $99,999,000 $63,000 $9,999,000
Loan Purchased By The Institution 51,767 $9,961,342,000 $192,000 $99,999,000 $32,000 $9,999,000
Application Withdrawn By Applicant 34,078 $6,556,860,000 $192,000 $48,800,000 $82,000 $9,999,000
File Closed For Incompleteness 15,563 $2,293,351,000 $147,000 $2,100,000 $58,000 $3,796,000
Application Approved But Not Accepted 12,115 $2,098,245,000 $173,000 $22,400,000 $80,000 $9,999,000
Preapproval Denied by Financial Institution 36 $5,346,000 $148,000 $476,000 $53,000 $133,000
Preapproval Approved but not Accepted 9 $2,497,000 $277,000 $443,000 $103,000 $197,000

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
Credit History 8,913 $959,872,000 $107,000 $10,001,000 $65,000 $9,999,000
Debt-To-Income Ratio 6,104 $914,148,000 $149,000 $2,150,000 $55,000 $1,135,000
Collateral 4,642 $751,299,000 $161,000 $3,750,000 $82,000 $1,850,000
Credit Application Incomplete 3,388 $564,661,000 $166,000 $2,373,000 $74,000 $1,768,000
Other 2,445 $475,604,000 $194,000 $58,552,000 $77,000 $1,586,000
Unverifiable Information 1,015 $133,460,000 $131,000 $1,720,000 $75,000 $1,923,000
Insufficient Cash (Downpayment, Closing Cost) 675 $121,549,000 $180,000 $1,650,000 $76,000 $2,042,000
Employment History 508 $79,515,000 $156,000 $1,478,000 $61,000 $964,000
Mortgage Insurance Denied 14 $1,464,000 $104,000 $235,000 $39,000 $64,000
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Mortgage Loan Application Totals in 2016 by Tennessee 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
CHATTANOOGA, TN-GA 21,236 $ 3,710,388,000 $ 174,000 $ 76,000
CLARKSVILLE, TN-KY 14,698 $ 2,479,185,000 $ 168,000 $ 50,000
CLEVELAND, TN 6,003 $ 830,836,000 $ 138,000 $ 57,000
JACKSON, TN 5,251 $ 631,507,000 $ 120,000 $ 60,000
JOHNSON CITY, TN 8,566 $ 1,292,594,000 $ 150,000 $ 65,000
KINGSPORT-BRISTOL-BRISTOL, TN-VA 8,806 $ 1,166,101,000 $ 132,000 $ 60,000
KNOXVILLE, TN 47,388 $ 7,903,628,000 $ 166,000 $ 71,000
MEMPHIS, TN-MS-AR 44,384 $ 7,905,988,000 $ 178,000 $ 76,000
MORRISTOWN, TN 5,483 $ 750,905,000 $ 136,000 $ 57,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 128,709 $ 29,685,543,000 $ 230,000 $ 84,000
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Mortgage Loan Application Totals in 2016 by Tennessee County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Anderson 3,730 $ 506,531,000 $ 135,000 $ 58,000
Bedford 2,214 $ 303,078,000 $ 136,000 $ 51,000
Benton 475 $ 49,019,000 $ 103,000 $ 60,000
Bledsoe 553 $ 56,550,000 $ 102,000 $ 57,000
Blount 7,394 $ 1,212,183,000 $ 163,000 $ 71,000
Bradley 5,308 $ 749,660,000 $ 141,000 $ 58,000
Campbell 1,985 $ 244,915,000 $ 123,000 $ 71,000
Cannon 641 $ 86,953,000 $ 135,000 $ 52,000
Carroll 801 $ 80,417,000 $ 100,000 $ 54,000
Carter 2,065 $ 242,928,000 $ 117,000 $ 53,000
Cheatham 2,647 $ 434,982,000 $ 164,000 $ 61,000
Chester 746 $ 79,368,000 $ 106,000 $ 53,000
Claiborne 1,224 $ 134,169,000 $ 109,000 $ 51,000
Clay 187 $ 19,009,000 $ 101,000 $ 65,000
Cocke 1,197 $ 133,289,000 $ 111,000 $ 48,000
Coffee 2,355 $ 315,373,000 $ 133,000 $ 54,000
Crockett 469 $ 41,311,000 $ 88,000 $ 51,000
Cumberland 2,563 $ 339,684,000 $ 132,000 $ 55,000
Davidson 43,618 $ 10,197,406,000 $ 233,000 $ 90,000
Decatur 454 $ 48,894,000 $ 107,000 $ 63,000
DeKalb 854 $ 108,390,000 $ 126,000 $ 68,000
Dickson 3,000 $ 433,566,000 $ 144,000 $ 57,000
Dyer 1,441 $ 171,603,000 $ 119,000 $ 58,000
Fayette 2,524 $ 490,704,000 $ 194,000 $ 75,000
Fentress 620 $ 72,939,000 $ 117,000 $ 49,000
Franklin 1,671 $ 244,313,000 $ 146,000 $ 78,000
Gibson 1,791 $ 201,211,000 $ 112,000 $ 61,000
Giles 1,140 $ 137,725,000 $ 120,000 $ 53,000
Grainger 1,010 $ 116,697,000 $ 115,000 $ 56,000
Greene 2,780 $ 332,572,000 $ 119,000 $ 52,000
Grundy 616 $ 43,457,000 $ 70,000 $ 45,000
Hamblen 2,746 $ 369,884,000 $ 134,000 $ 54,000
Hamilton 19,081 $ 3,451,461,000 $ 180,000 $ 77,000
Hancock 139 $ 12,316,000 $ 88,000 $ 45,000
Hardeman 721 $ 71,125,000 $ 98,000 $ 55,000
Hardin 988 $ 120,883,000 $ 122,000 $ 72,000
Hawkins 2,387 $ 278,106,000 $ 116,000 $ 49,000
Haywood 552 $ 52,399,000 $ 94,000 $ 51,000
Henderson 1,100 $ 114,643,000 $ 104,000 $ 54,000
Henry 1,039 $ 116,462,000 $ 112,000 $ 64,000
Hickman 1,055 $ 121,159,000 $ 114,000 $ 51,000
Houston 344 $ 36,797,000 $ 106,000 $ 60,000
Humphreys 698 $ 86,823,000 $ 124,000 $ 72,000
Jackson 433 $ 45,070,000 $ 104,000 $ 48,000
Jefferson 2,746 $ 381,678,000 $ 138,000 $ 61,000
Johnson 465 $ 65,231,000 $ 140,000 $ 59,000
Knox 25,764 $ 4,564,917,000 $ 177,000 $ 75,000
Lake 140 $ 9,283,000 $ 66,000 $ 45,000
Lauderdale 826 $ 70,530,000 $ 85,000 $ 51,000
Lawrence 1,491 $ 169,158,000 $ 113,000 $ 51,000
Lewis 398 $ 42,607,000 $ 107,000 $ 52,000
Lincoln 1,400 $ 181,930,000 $ 129,000 $ 56,000
Loudon 3,075 $ 578,423,000 $ 188,000 $ 73,000
Macon 979 $ 115,547,000 $ 118,000 $ 54,000
Madison 4,041 $ 511,355,000 $ 126,000 $ 62,000
Marion 1,304 $ 150,524,000 $ 115,000 $ 65,000
Marshall 1,707 $ 228,454,000 $ 133,000 $ 51,000
Maury 6,045 $ 1,123,034,000 $ 185,000 $ 64,000
McMinn 2,313 $ 284,977,000 $ 123,000 $ 51,000
McNairy 888 $ 80,956,000 $ 91,000 $ 53,000
Meigs 574 $ 70,961,000 $ 123,000 $ 62,000
Monroe 2,042 $ 262,439,000 $ 128,000 $ 51,000
Montgomery 14,704 $ 2,479,626,000 $ 168,000 $ 50,000
Moore 258 $ 39,688,000 $ 153,000 $ 69,000
Morgan 803 $ 76,017,000 $ 94,000 $ 52,000
Obion 998 $ 92,298,000 $ 92,000 $ 53,000
Overton 527 $ 64,251,000 $ 121,000 $ 50,000
Perry 175 $ 16,759,000 $ 95,000 $ 62,000
Pickett 128 $ 15,117,000 $ 118,000 $ 72,000
Polk 697 $ 81,355,000 $ 116,000 $ 54,000
Putnam 2,730 $ 388,122,000 $ 142,000 $ 58,000
Rhea 1,505 $ 184,149,000 $ 122,000 $ 59,000
Roane 2,695 $ 494,498,000 $ 183,000 $ 64,000
Robertson 4,640 $ 774,701,000 $ 166,000 $ 61,000
Rutherford 21,958 $ 4,300,293,000 $ 195,000 $ 64,000
Scott 835 $ 75,305,000 $ 90,000 $ 48,000
Sequatchie 861 $ 109,505,000 $ 127,000 $ 62,000
Sevier 6,765 $ 1,095,821,000 $ 161,000 $ 80,000
Shelby 38,671 $ 6,858,940,000 $ 177,000 $ 77,000
Smith 890 $ 106,937,000 $ 120,000 $ 51,000
Stewart 569 $ 72,573,000 $ 127,000 $ 63,000
Sullivan 6,447 $ 890,076,000 $ 138,000 $ 64,000
Sumner 13,529 $ 2,929,116,000 $ 216,000 $ 73,000
Tipton 3,236 $ 562,619,000 $ 173,000 $ 56,000
Trousdale 370 $ 52,456,000 $ 141,000 $ 60,000
Unicoi 635 $ 72,220,000 $ 113,000 $ 54,000
Union 985 $ 113,407,000 $ 115,000 $ 53,000
Van Buren 272 $ 36,703,000 $ 134,000 $ 71,000
Warren 1,280 $ 145,753,000 $ 113,000 $ 55,000
Washington 5,871 $ 977,938,000 $ 166,000 $ 70,000
Wayne 320 $ 41,177,000 $ 128,000 $ 51,000
Weakley 929 $ 101,947,000 $ 109,000 $ 78,000
White 957 $ 111,351,000 $ 116,000 $ 51,000
Williamson 19,111 $ 6,783,495,000 $ 354,000 $ 131,000
Wilson 10,307 $ 2,236,634,000 $ 217,000 $ 81,000
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