Vermont
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Vermont.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of Vermont.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 23,683
Total Mortgage Loan Application Amount $4,190,805,000
Average Mortgage Loan Application Amount $176,000
Highest Mortgage Loan Application Amount $13,505,000
Average Applicant Income $109,000
Highest Applicant Income $5,500,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Vermont, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Download the Vermont Lender List

Mortgage Loan Application Detail Totals for Vermont in 2018

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 11,202 $2,390,900,000 $213,000 $11,755,000 $117,000 $4,831,000
Cash-out Refinancing 4,199 $716,165,000 $170,000 $5,005,000 $92,000 $2,172,000
Refinancing 4,048 $708,750,000 $175,000 $13,505,000 $102,000 $4,130,000
Home Improvement 2,154 $174,250,000 $80,000 $6,885,000 $109,000 $3,480,000
Other Purpose 1,808 $174,140,000 $96,000 $1,475,000 $119,000 $5,500,000
Not Applicable 272 $26,600,000 $97,000 $765,000 $75,000 $190,000

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 18,089 $3,008,655,000 $166,000 $2,685,000 $107,000 $4,831,000
Not Provided 3,120 $568,180,000 $182,000 $3,035,000 $123,000 $5,500,000
Not applicable 1,715 $478,485,000 $279,000 $13,505,000 $84,000 $561,000
Asian 258 $52,810,000 $204,000 $1,285,000 $105,000 $706,000
Hispanic 238 $39,750,000 $167,000 $585,000 $123,000 $2,052,000
American Indian or Alaskan Native 110 $15,340,000 $139,000 $435,000 $89,000 $500,000
Black or African American 108 $19,000,000 $175,000 $1,365,000 $108,000 $2,116,000
Native Hawaiian or Other Pacific Islander 16 $2,540,000 $158,000 $285,000 $102,000 $285,000

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) 19,798 $3,486,730,000 $176,000 $13,505,000 $116,000 $5,500,000
FHA-insured (Federal Housing Administration) 2,065 $344,865,000 $167,000 $515,000 $63,000 $284,000
VA-guaranteed (Veterans Administration) 1,147 $250,825,000 $218,000 $875,000 $77,000 $425,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 673 $108,385,000 $161,000 $485,000 $60,000 $180,000

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 13,818 $2,573,870,000 $186,000 $12,875,000 $115,000 $4,831,000
Application Denied By Financial Institution 3,862 $540,050,000 $139,000 $2,505,000 $84,000 $2,337,000
Application Withdrawn By Applicant 2,741 $486,065,000 $177,000 $13,505,000 $109,000 $5,500,000
Loan Purchased By The Institution 2,054 $393,590,000 $191,000 $1,995,000 $130,000 $791,000
File Closed For Incompleteness 699 $115,095,000 $164,000 $715,000 $100,000 $3,480,000
Application Approved But Not Accepted 506 $81,450,000 $160,000 $5,155,000 $107,000 $1,584,000
Preapproval Denied by Financial Institution 3 $685,000 $228,000 $305,000 $68,000 $90,000
Preapproval Approved but not Accepted 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 19,798 $3,645,860,000 $184,000 $13,505,000 $114,000 $5,500,000
Debt-To-Income Ratio 1,331 $193,925,000 $145,000 $2,005,000 $62,000 $3,383,000
Credit History 869 $87,835,000 $101,000 $825,000 $88,000 $2,337,000
Collateral 839 $125,455,000 $149,000 $2,505,000 $114,000 $1,772,000
Credit Application Incomplete 319 $53,185,000 $166,000 $575,000 $86,000 $563,000
Other 256 $42,260,000 $165,000 $1,505,000 $99,000 $1,246,000
Unverifiable Information 147 $20,955,000 $142,000 $955,000 $109,000 $1,079,000
Insufficient Cash (Downpayment, Closing Cost) 66 $12,140,000 $183,000 $695,000 $69,000 $200,000
Employment History 58 $9,190,000 $158,000 $455,000 $73,000 $330,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Download the Vermont Lender List

Mortgage Loan Application Totals in 2018 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 9,139 $ 1,844,305,000 $ 201,000 $ 107,000
Download the Vermont Lender List

Mortgage Loan Application Totals in 2018 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 1,433 $ 265,155,000 $ 185,000 $ 100,000
Bennington 1,162 $ 201,810,000 $ 173,000 $ 131,000
Caledonia 998 $ 121,970,000 $ 122,000 $ 79,000
Chittenden 6,396 $ 1,424,550,000 $ 222,000 $ 115,000
Essex 235 $ 26,125,000 $ 111,000 $ 77,000
Franklin 2,347 $ 355,395,000 $ 151,000 $ 84,000
Grand Isle 412 $ 78,080,000 $ 189,000 $ 118,000
Lamoille 1,313 $ 259,155,000 $ 197,000 $ 127,000
Orange 859 $ 124,585,000 $ 145,000 $ 81,000
Orleans 1,014 $ 125,820,000 $ 124,000 $ 80,000
Rutland 1,761 $ 241,745,000 $ 137,000 $ 93,000
Washington 2,314 $ 363,560,000 $ 157,000 $ 106,000
Windham 1,566 $ 272,110,000 $ 173,000 $ 149,000
Windsor 1,873 $ 330,745,000 $ 176,000 $ 131,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Vermont.

If you prefer, you can download a copy of the entire list of mortgage lenders in Vermont and search similar information back through 2003.

Download the Vermont Lender List