AllMortgageDetail - Mortgage Application Details

Vermont
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 20,511
Total Mortgage Loan Application Amount $3,565,052,000
Average Mortgage Loan Application Amount $173,000
Highest Mortgage Loan Application Amount $13,000,000
Average Applicant Income $95,000
Highest Applicant Income $5,000,000

Mortgage Loan Application Detail Totals for Vermont in 2014

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 9,086 $1,820,988,000 $200,000 $11,280,000 $103,000 $4,795,000
Refinancing 8,830 $1,536,899,000 $174,000 $7,700,000 $90,000 $5,000,000
Home Improvement 2,595 $207,165,000 $79,000 $13,000,000 $83,000 $1,200,000

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 16,383 $2,732,723,000 $166,000 $7,700,000 $99,000 $5,000,000
Not Provided 2,007 $359,106,000 $178,000 $2,003,000 $120,000 $4,795,000
Not applicable 1,480 $364,079,000 $245,000 $13,000,000 $16,000 $1,523,000
Hispanic 223 $40,130,000 $179,000 $1,462,000 $104,000 $527,000
Asian 214 $38,727,000 $180,000 $518,000 $99,000 $764,000
Black or African American 102 $17,399,000 $170,000 $465,000 $76,000 $286,000
American Indian or Alaskan Native 86 $9,977,000 $116,000 $390,000 $64,000 $269,000
Native Hawaiin or Other Pacific Islander 16 $2,911,000 $181,000 $560,000 $109,000 $439,000

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) 17,054 $2,949,277,000 $172,000 $13,000,000 $103,000 $5,000,000
FHA-insured (Federal Housing Administration) 1,478 $252,226,000 $170,000 $9,004,000 $53,000 $445,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,001 $158,380,000 $158,000 $349,000 $43,000 $337,000
VA-guaranteed (Veterans Administration) 978 $205,169,000 $209,000 $1,062,000 $63,000 $710,000

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 11,783 $2,126,435,000 $180,000 $13,000,000 $104,000 $4,795,000
Application Denied By Financial Institution 3,838 $580,245,000 $151,000 $7,435,000 $79,000 $3,846,000
Loan Purchased By The Institution 1,757 $326,422,000 $185,000 $1,000,000 $39,000 $2,846,000
Application Withdrawn By Applicant 1,644 $290,862,000 $176,000 $1,520,000 $107,000 $5,000,000
Application Approved But Not Accepted 898 $132,980,000 $148,000 $1,605,000 $102,000 $3,357,000
File Closed For Incompleteness 591 $108,108,000 $182,000 $1,389,000 $123,000 $2,000,000
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 909 $143,428,000 $157,000 $1,627,000 $60,000 $755,000
Credit History 753 $83,593,000 $111,000 $1,100,000 $79,000 $3,846,000
Collateral 575 $105,087,000 $182,000 $7,435,000 $105,000 $1,038,000
Credit Application Incomplete 200 $35,684,000 $178,000 $1,313,000 $97,000 $760,000
Other 169 $28,151,000 $166,000 $730,000 $95,000 $834,000
Unverifiable Information 62 $11,297,000 $182,000 $683,000 $115,000 $2,336,000
Insufficient Cash (Downpayment, Closing Cost) 55 $10,352,000 $188,000 $1,167,000 $85,000 $483,000
Employment History 31 $4,592,000 $148,000 $500,000 $56,000 $420,000
Mortgage Insurance Denied 4 $888,000 $222,000 $256,000 $71,000 $86,000

Mortgage Loan Application Totals in 2014 by Vermont 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
BURLINGTON-SOUTH BURLINGTON, VT 8,089 $ 1,613,497,000 $ 199,000 $ 90,000

Mortgage Loan Application Totals in 2014 by Vermont County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Addison 1,193 $ 198,787,000 $ 166,000 $ 80,000
Bennington 895 $ 162,153,000 $ 181,000 $ 119,000
Caledonia 971 $ 114,750,000 $ 118,000 $ 71,000
Chittenden 5,745 $ 1,256,080,000 $ 218,000 $ 96,000
Essex 215 $ 21,284,000 $ 98,000 $ 65,000
Franklin 1,982 $ 291,248,000 $ 146,000 $ 71,000
Grand Isle 367 $ 67,026,000 $ 182,000 $ 97,000
Lamoille 1,046 $ 199,186,000 $ 190,000 $ 109,000
Orange 833 $ 112,785,000 $ 135,000 $ 73,000
Orleans 929 $ 117,089,000 $ 126,000 $ 78,000
Rutland 1,389 $ 200,231,000 $ 144,000 $ 86,000
Washington 2,147 $ 322,905,000 $ 150,000 $ 85,000
Windham 1,321 $ 221,890,000 $ 167,000 $ 145,000
Windsor 1,470 $ 278,432,000 $ 189,000 $ 127,000