Vermont
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 25,971
Total Mortgage Loan Application Amount $4,939,913,000
Average Mortgage Loan Application Amount $190,000
Highest Mortgage Loan Application Amount $32,500,000
Average Applicant Income $100,000
Highest Applicant Income $4,923,000
Download the Vermont Lender List

Mortgage Loan Application Detail Totals for Vermont 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 12,246 $2,304,941,000 $188,000 $5,650,000 $96,000 $4,923,000
Home Purchase 10,653 $2,334,425,000 $219,000 $32,500,000 $106,000 $3,790,000
Home Improvement 3,072 $300,547,000 $97,000 $4,300,000 $93,000 $2,912,000

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 20,174 $3,661,567,000 $181,000 $5,650,000 $104,000 $4,923,000
Not Provided 3,083 $586,026,000 $190,000 $2,155,000 $125,000 $3,790,000
Not applicable 1,838 $530,968,000 $288,000 $32,500,000 $15,000 $2,412,000
Hispanic 300 $50,111,000 $167,000 $675,000 $94,000 $816,000
Asian 293 $64,298,000 $219,000 $935,000 $127,000 $1,319,000
American Indian or Alaskan Native 143 $22,580,000 $157,000 $1,800,000 $69,000 $423,000
Black or African American 118 $21,057,000 $178,000 $417,000 $82,000 $773,000
Native Hawaiin or Other Pacific Islander 22 $3,306,000 $150,000 $276,000 $77,000 $298,000

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) 20,905 $3,987,227,000 $190,000 $32,500,000 $111,000 $4,923,000
FHA-insured (Federal Housing Administration) 2,491 $430,733,000 $172,000 $599,000 $51,000 $780,000
VA-guaranteed (Veterans Administration) 1,702 $377,183,000 $221,000 $1,032,000 $56,000 $329,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 873 $144,770,000 $165,000 $374,000 $41,000 $255,000

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 15,176 $3,005,961,000 $198,000 $32,500,000 $110,000 $3,790,000
Application Denied By Financial Institution 4,318 $708,968,000 $164,000 $2,450,000 $80,000 $4,923,000
Application Withdrawn By Applicant 2,534 $472,284,000 $186,000 $8,000,000 $113,000 $3,600,000
Loan Purchased By The Institution 2,214 $451,969,000 $204,000 $9,345,000 $48,000 $2,412,000
Application Approved But Not Accepted 909 $152,394,000 $167,000 $3,000,000 $104,000 $3,448,000
File Closed For Incompleteness 820 $148,337,000 $180,000 $1,030,000 $112,000 $2,006,000
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 758 $129,979,000 $171,000 $1,650,000 $62,000 $1,142,000
Collateral 554 $103,754,000 $187,000 $1,407,000 $118,000 $4,923,000
Credit History 545 $57,356,000 $105,000 $935,000 $67,000 $720,000
Credit Application Incomplete 202 $36,282,000 $179,000 $1,000,000 $94,000 $1,450,000
Other 176 $30,466,000 $173,000 $709,000 $102,000 $2,899,000
Insufficient Cash (Downpayment, Closing Cost) 55 $14,039,000 $255,000 $2,212,000 $108,000 $775,000
Unverifiable Information 54 $9,840,000 $182,000 $648,000 $129,000 $1,364,000
Employment History 44 $6,107,000 $138,000 $333,000 $61,000 $300,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Download the Vermont Lender List

Mortgage Loan Application Totals in 2016 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 10,704 $ 2,308,474,000 $ 215,000 $ 94,000
Download the Vermont Lender List

Mortgage Loan Application Totals in 2016 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 1,606 $ 269,947,000 $ 168,000 $ 89,000
Bennington 1,109 $ 215,607,000 $ 194,000 $ 120,000
Caledonia 1,108 $ 149,442,000 $ 134,000 $ 74,000
Chittenden 7,600 $ 1,796,705,000 $ 236,000 $ 103,000
Essex 233 $ 24,678,000 $ 105,000 $ 69,000
Franklin 2,650 $ 424,918,000 $ 160,000 $ 69,000
Grand Isle 455 $ 86,966,000 $ 191,000 $ 106,000
Lamoille 1,344 $ 291,737,000 $ 217,000 $ 131,000
Orange 966 $ 154,644,000 $ 160,000 $ 72,000
Orleans 1,044 $ 138,879,000 $ 133,000 $ 77,000
Rutland 1,850 $ 280,682,000 $ 151,000 $ 84,000
Washington 2,520 $ 437,620,000 $ 173,000 $ 99,000
Windham 1,697 $ 319,725,000 $ 188,000 $ 151,000
Windsor 1,778 $ 347,011,000 $ 195,000 $ 122,000
Download the Vermont Lender List