Venango County, PA Mortgage Lenders & HMDA Data, 2022

In 2022, lenders reported 1,406 mortgage applications in Venango County, PA totaling $164.1 million, down 17% from 2021. The average application was for $116,000, and applicants reported an average income of $77,000. 55% of applications resulted in an originated loan and 19% were denied. The most active lender was Northwest Bank, with 212 applications, followed by First National Bank of Pa and PNC Bank N.A..

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,406
Total Mortgage Loan Application Amount $164,130,000
Average Mortgage Loan Application Amount $116,000
Highest Mortgage Loan Application Amount $5,005,000
Average Applicant Income $77,000
Highest Applicant Income $1,035,000

Mortgage Company List for Lending in Venango County, PA for 2022

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Northwest Bank
100 LIBERTY STREET
WARREN, PA 16365
* $ 14,606,175,000 212 $ 18,200,000
First National Bank of Pa
1 FNB BOULEVARD
HERMITAGE, PA 16148
* $ 39,468,318,000 96 $ 8,980,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 551,902,526,000 82 $ 7,660,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 188,069,637,000 79 $ 8,685,000
Tidewater Mortgage Services, Inc
200 GOLDEN OAK COURT STE. 100
VIRGINIA BEACH, VA 26452
* $ -1,000 60 $ 7,110,000
The Farmers National Bank of Emlenton
612 MAIN STREET, PO DRAWER D
EMLENTON, PA 16373
* $ 1,054,178,000 55 $ 4,695,000
Pennsylvania State Employees Credit Union
PO BOX 67013
HARRISBURG, PA 17110
* $ 8,187,070,000 46 $ 2,850,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 43 $ 4,575,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 41 $ 5,225,000
Mercer County State Bank
3279 S MAIN STREET
SANDY LAKE, PA 16145
* $ 554,500,000 33 $ 7,445,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 108,342,526,000 24 $ 1,740,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 22 $ 3,430,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,779,504,000,000 21 $ 2,555,000
Greenville Savings Bank
233 MAIN STREET
GREENVILLE, PA 16125
* $ 293,536,000 19 $ 3,115,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 173,414,362,000 19 $ 2,235,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 15 $ 2,225,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 15 $ 1,515,000
Grove City Area Federal Credit Union
ONE CREDIT UNION WAY
GROVE CITY, PA 16127
* $ 114,069,000 15 $ 1,725,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 13 $ 1,545,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ -1,000 13 $ 1,575,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 13 $ 1,245,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 12 $ 1,730,000
Armco Credit Union
PO BOX 1589
BUTLER, PA 16003
* $ 508,391,000 10 $ 1,060,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ -1,000 10 $ 950,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 10 $ 2,250,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 3,306,982,000,000 10 $ 1,470,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 9 $ 835,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 9 $ 975,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 8 $ 860,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 183,977,708,000 8 $ 540,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 7 $ 935,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 7 $ 785,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 7 $ 195,000
First Commonwealth Bank
PO BOX 400
INDIANA, PA 15701
* $ 9,521,721,000 7 $ 1,155,000
Flagstar Bank NA

TROY, MI 49098
* $ 16,855,693,000 7 $ 1,275,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 7 $ 1,045,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 153,432,983,000 7 $ 965,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 6 $ 590,000
Dollar Bank, FSB
#3 GATEWAY CENTER, SEVEN WEST
PITTSBURGH, PA 15222
* $ 10,312,436,000 6 $ 1,180,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ -1,000 6 $ 640,000
Marquette Savings Bank
920 PEACH STREET
ERIE, PA 16501
* $ 1,172,608,000 6 $ 540,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 6 $ 680,000
Howard Hanna Financial Services, Inc
1000 GAMMA DRIVE
PITTSBURGH, PA 15238
* $ -1,000 5 $ 925,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 5 $ 575,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 5 $ 415,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 4 $ 640,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 117,378,701,000 4 $ 540,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,519,525,000,000 4 $ 500,000
S&T Bank
800 PHILADELPHIA STREET PO BOX 190
INDIANA, PA 15701
* $ 9,478,352,000 4 $ 440,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 4 $ 430,000
Mars Bank
PO BOX 927
MARS, PA 16046
* $ 505,127,000 4 $ 1,930,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 4 $ 330,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 154,617,469,000 4 $ 600,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 4 $ 750,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 547,610,000 4 $ 580,000
Utilities Employees Credit Union
11 MERIDIAN BLVD
WYOMISSING, PA 19610
* $ 1,413,912,000 4 $ 290,000
Top Flite Financial, Inc.
123 E GRAND RIVER AVE
WILLIAMSTON, MI 48895
* $ -1,000 4 $ 500,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 564,154,604,000 4 $ 380,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ -1,000 3 $ 495,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ -1,000 3 $ 485,000
Affordable Mortgage Advisors
4640 CAMPBELLS RUN ROAD
PITTSBURGH, PA 15205
* $ -1,000 3 $ 395,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ -1,000 3 $ 565,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 3 $ 415,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 339,245,000 3 $ 65,000
Tammac Holdings Corporation
480 SWEDESFORD ROAD SUITE 200
WAYNE, PA 19087
* $ -1,000 3 $ 285,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 3 $ 335,000
Union Savings Bank
8534 E KEMPER RD
CINCINNATI, OH 45249
* $ 3,463,554,000 3 $ 685,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 3,348,940,000 3 $ 255,000
Cnb Bank
1 S SECOND STREET
CLEARFIELD, PA 16830
* $ 5,307,549,000 3 $ 215,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 3 $ 595,000
Ross Mortgage Corporation
2075 W. BIG BEAVER, SUITE 700
TROY, MI 48084
* $ -1,000 2 $ 150,000
Erie Federal Credit Union
3503 PEACH STREET
ERIE, PA 16508
* $ 725,411,000 2 $ 70,000
West Penn Financial Service Center, Inc.
2250 BABCOCK BLVD
PITTSBURGH, PA 15237
* $ -1,000 2 $ 260,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ -1,000 2 $ 230,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 2 $ 200,000
Nations Lending Corporation
4 SUMMIT PARK DR STE 200
INDEPENDENCE, OH 44131
* $ -1,000 2 $ 270,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 2 $ 290,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ 174,662,000 2 $ 510,000
Gateway First Bank
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ 1,879,005,000 2 $ 220,000
Nextier Bank, National Association
245 PITTSBURGH RD
KITTANNING, PA 16201
* $ 1,912,495,000 2 $ 350,000
Clearview Federal Credit Union
8805 UNIVERSITY BLVD
MOON TOWNSHIP, PA 15108
* $ 1,677,912,000 2 $ 210,000
Fifth Third Bank, National Association
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ 209,696,785,000 2 $ 280,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 2 $ 310,000
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ -1,000 2 $ 170,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 4,726,840,000 2 $ 220,000
Blue Ridge Bank
P.O. BOX 609, 17 WEST MAIN ST
LURAY, VA 22835
* $ 2,640,347,000 2 $ 250,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 32,127,026,000 2 $ 210,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 32,520,025,000 2 $ 1,520,000
Consumer Real Estate Finance Co dba Society Mortgage
330 SW 2ND ST #111
FORT LAUDERDALE, FL 33312
* $ -1,000 2 $ 190,000
Equity Resources Inc
PO BOX 5177
NEWARK, OH 43055
* $ -1,000 2 $ 240,000
Impac Mortgage Corp.
19500 JAMBOREE RD
GLENDALE, CA 92612
* $ -1,000 2 $ 190,000
Affinity Federal Credit Union
73 MOUNTAINVIEW BLVD.
BASKING RIDGE, NJ 07920
* $ 3,759,374,000 2 $ 220,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 2 $ 270,000
Third Federal Savings and Loan
7007 BROADWAY AVENUE
CLEVELAND, OH 44105
* $ 14,120,189,000 2 $ 200,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 1 $ 35,000
Premia Mortgage, LLC

CHICAGO, IL 60613
* $ -1,000 1 $ 205,000
Victorian Finance, LLC
2570 BOYCE PLAZA ROAD
PITTSBURGH, PA 15241
* $ -1,000 1 $ 65,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ -1,000 1 $ 75,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 1 $ 45,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 1 $ 95,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 1 $ 195,000
Cbm Mortgage, Inc.
912 HOMETOWN WAY
FRONT ROYAL, VA 22630
* $ -1,000 1 $ 205,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 456,669,000 1 $ 125,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 796,563,000 1 $ 1,495,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 528,514,000,000 1 $ 305,000
Secured Investment Corp
701 E FRONT AVE
COEUR D'ALENE, ID 83814
* $ -1,000 1 $ 85,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 2,177,145,000 1 $ 115,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 1 $ 155,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 1 $ 25,000
Fulton Bank, National Association
ONE PENN SQUARE
LANCASTER, PA 17602
* $ 25,647,791,000 1 $ 205,000
Arc Home LLC

MOORESTOWN, NJ 08057
* $ -1,000 1 $ 115,000
Schumacher Mortgage LLC
2715 WISE AVENUE SUITE 100
CANTON, OH 44708
* $ -1,000 1 $ 385,000
Horizon Farm Credit, Aca
45 AILERON CT.
MECHANICSBURG, PA 17050
* $ -1,000 1 $ 255,000
Police and Fire Federal Credit Union
901 ARCH ST
PHILADELPHIA, PA 19107
* $ 7,525,877,000 1 $ 15,000
American Financial Mortgage Corporation
1035 BOYCE RD PLZ 1 STE 205
PITTSBURGH, PA 15241
* $ -1,000 1 $ 195,000
Mortgage America, Inc.
1100 BERKSHIRE BLVD
WHITEHALL, PA 18052
* $ -1,000 1 $ 65,000
Nations Direct Mortgage, LLC
2475 VILLAGE VIEW DRIVE SUITE 100
HENDERSON, NV 89074
* $ -1,000 1 $ 275,000
Stockton Mortgage Corporation
88 C MICHAEL DAVENPORT BLVD.
FRANKFORT, KY 40601
* $ -1,000 1 $ 115,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 1 $ 115,000
Community Bank, N.A.
45-49 COURT STREET
CANTON, NY 13617
* $ 15,323,828,000 1 $ 55,000
Acrisure Mortgage, LLC
189 S ORANGE AVE STE 970
ORLANDO, FL 32801
* $ -1,000 1 $ 265,000
Usx Federal Credit Union
PO BOX 1728
CRANBERRY TWP., PA 16066
* $ 266,443,000 1 $ 105,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ 3,655,190,000 1 $ 95,000
Mission Loans, LLC

IRVINE, CA 92612
* $ -1,000 1 $ 105,000
Welcome Home Finance, L.P.
100 NORTHPOINTE CIRCLE, SUITE 206
BUTLER, PA 16046
* $ -1,000 1 $ 145,000
Washington Financial Bank
77 SOUTH MAIN STREET
WASHINGTON, PA 15301
* $ 1,576,440,000 1 $ 215,000
Nqm Funding, LLC
E, 4800 N FEDERAL HWY #200
BOCA RATON, FL 33431
* $ -1,000 1 $ 115,000
Toyota Financial Savings Bank
2485 VILLAGE VIEW DRIVE, SUITE 200
HENDERSON, NV 89074
* $ 4,410,685,000 1 $ 425,000
Cornerstone Bank
9120 W 135TH ST
OVERLAND PARK, KS 66221
* $ 465,706,000 1 $ 275,000
Gulf Coast Bank and Trust
200 SAINT CHARLES AVENUE
NEW ORLEANS, LA 70130
* $ 2,823,154,000 1 $ 35,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 1 $ 215,000
Lima One Capital, LLC
201 E. MCBEE AVE, SUITE 300
GREENVILLE, SC 29601
* $ -1,000 1 $ 55,000
Network Funding, L.P.
9700 RICHMOND, SUITE 320
HOUSTON, TX 77042
* $ -1,000 1 $ 145,000
Rmc Home Mortgage, LLC
6000 BROOKTREE ROAD SUITE 310
WEXFORD, PA 15090
* $ -1,000 1 $ 265,000
The One Federal Credit Union
300 ARCH STREET
MEADVILLE, PA 16335
* $ 94,133,000 1 $ 25,000
Liberty Home Mortgage Corp
4401 ROCKSIDE RD 310
INDEPENDENCE, OH 44131
* $ -1,000 1 $ 225,000
Ameriserv Financial Bank
216 FRANKLIN ST
JOHNSTOWN, PA 15901
* $ 1,319,327,000 1 $ 45,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 1 $ 155,000
Sail Mortgage Corp

SEVEN FIELDS, PA 16046
* $ -1,000 1 $ 135,000
Member First Mortgage, LLC
616 44TH STREET SE
GRAND RAPIDS, MI 49548
* $ -1,000 1 $ 75,000
Wyndham Capital Mortgage, Inc.
6115 PARK SOUTH DRIVE, STE 200
RALEIGH, NC 28210
* $ -1,000 1 $ 85,000
Jlb Corporation dba Golden Oak Lending
111 WESTPORT PLAZA, #1150
ST. LOUIS, MO 63146
* $ -1,000 1 $ 55,000
Arbor Realty Trust, Inc.
333 EARLE OVINGTON BLVD., SUITE 900
UNIONDALE, NY 11553
* $ -1,000 1 $ 3,045,000

The tables below break down 2022 mortgage applications in Venango County, PA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Venango County, PA in 2022

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 579 $77,015,000 $133,000 $1,585,000 $76,000 $1,035,000
Cash-out Refinancing 246 $32,340,000 $131,000 $3,045,000 $75,000 $553,000
Refinancing 221 $29,975,000 $135,000 $5,005,000 $79,000 $435,000
Home Improvement 197 $13,095,000 $66,000 $505,000 $77,000 $379,000
Other Purpose 156 $11,230,000 $71,000 $405,000 $75,000 $325,000
Not Applicable 7 $475,000 $67,000 $135,000 $0 $0

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 1,104 $118,670,000 $107,000 $1,585,000 $77,000 $1,035,000
Not Provided 146 $18,670,000 $127,000 $1,495,000 $80,000 $390,000
Not applicable 109 $22,125,000 $202,000 $5,005,000 $72,000 $83,000
Hispanic 16 $1,560,000 $97,000 $195,000 $65,000 $148,000
Black or African American 13 $1,285,000 $98,000 $205,000 $73,000 $200,000
Asian 11 $1,095,000 $99,000 $245,000 $63,000 $189,000
American Indian or Alaskan Native 4 $400,000 $100,000 $155,000 $39,000 $96,000
Native Hawaiian or Other Pacific Islander 1 $105,000 $105,000 $105,000 $68,000 $68,000

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) 1,040 $120,410,000 $115,000 $5,005,000 $81,000 $1,035,000
FHA-insured (Federal Housing Administration) 211 $22,645,000 $107,000 $245,000 $57,000 $230,000
VA-guaranteed (Veterans Administration) 104 $15,490,000 $148,000 $375,000 $76,000 $182,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 51 $5,585,000 $109,000 $235,000 $45,000 $74,000

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 776 $91,450,000 $117,000 $3,045,000 $82,000 $1,035,000
Application Denied By Financial Institution 265 $24,765,000 $93,000 $505,000 $65,000 $379,000
Application Withdrawn By Applicant 155 $17,975,000 $115,000 $375,000 $74,000 $510,000
Loan Purchased By The Institution 105 $14,475,000 $137,000 $1,495,000 $66,000 $135,000
File Closed For Incompleteness 65 $7,235,000 $111,000 $405,000 $72,000 $325,000
Application Approved But Not Accepted 37 $7,775,000 $210,000 $5,005,000 $62,000 $207,000
Preapproval Approved but not Accepted 3 $455,000 $151,000 $205,000 $49,000 $66,000
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
Not applicable 1,092 $127,550,000 $116,000 $3,045,000 $79,000 $1,035,000
Debt-To-Income Ratio 106 $18,010,000 $169,000 $5,005,000 $68,000 $604,000
Credit History 87 $6,505,000 $74,000 $405,000 $66,000 $379,000
Collateral 72 $7,400,000 $102,000 $505,000 $81,000 $300,000
Other 24 $2,120,000 $88,000 $195,000 $62,000 $148,000
Credit Application Incomplete 16 $1,700,000 $106,000 $215,000 $60,000 $180,000
Employment History 6 $600,000 $100,000 $185,000 $39,000 $70,000
Unverifiable Information 3 $245,000 $81,000 $125,000 $22,000 $44,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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