AllMortgageDetail - Mortgage Application Details

Virginia
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 360,929
Total Mortgage Loan Application Amount $91,982,697,000
Average Mortgage Loan Application Amount $254,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $90,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Virginia 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 171,896 $49,539,288,000 $288,000 $99,999,000 $92,000 $9,999,000
Refinancing 155,664 $40,208,415,000 $258,000 $87,000,000 $90,000 $9,999,000
Home Improvement 33,369 $2,234,994,000 $66,000 $85,000,000 $77,000 $9,999,000

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 192,563 $45,653,503,000 $237,000 $6,910,000 $103,000 $9,999,000
Not applicable 45,492 $16,269,677,000 $357,000 $99,999,000 $22,000 $9,999,000
Not Provided 43,275 $11,751,532,000 $271,000 $21,184,000 $112,000 $9,999,000
Black or African American 40,379 $7,331,920,000 $181,000 $3,900,000 $69,000 $7,450,000
Asian 20,415 $6,621,242,000 $324,000 $3,294,000 $123,000 $4,612,000
Hispanic 16,336 $3,816,232,000 $233,000 $1,880,000 $80,000 $1,957,000
American Indian or Alaskan Native 1,468 $309,223,000 $210,000 $1,223,000 $83,000 $798,000
Native Hawaiin or Other Pacific Islander 1,001 $229,368,000 $229,000 $900,000 $90,000 $2,160,000

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) 239,183 $59,811,818,000 $250,000 $99,999,000 $105,000 $9,999,000
VA-guaranteed (Veterans Administration) 62,962 $19,661,650,000 $312,000 $2,107,000 $70,000 $2,728,000
FHA-insured (Federal Housing Administration) 50,313 $11,137,619,000 $221,000 $85,000,000 $51,000 $3,445,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,471 $1,371,610,000 $161,000 $850,000 $38,000 $1,123,000

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 182,283 $48,443,440,000 $265,000 $99,999,000 $104,000 $6,688,000
Loan Purchased By The Institution 63,950 $17,637,523,000 $275,000 $52,029,000 $46,000 $9,999,000
Application Denied By Financial Institution 57,943 $10,726,142,000 $185,000 $28,350,000 $80,000 $9,999,000
Application Withdrawn By Applicant 34,881 $9,896,523,000 $283,000 $99,999,000 $104,000 $5,379,000
Application Approved But Not Accepted 11,102 $2,588,196,000 $233,000 $47,408,000 $99,000 $2,999,000
File Closed For Incompleteness 10,766 $2,689,891,000 $249,000 $5,759,000 $102,000 $3,031,000
Preapproval Denied by Financial Institution 4 $982,000 $245,000 $523,000 $81,000 $165,000
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
Credit History 14,634 $1,697,171,000 $115,000 $3,900,000 $74,000 $9,999,000
Debt-To-Income Ratio 10,151 $2,028,187,000 $199,000 $3,000,000 $70,000 $2,318,000
Collateral 6,828 $1,514,080,000 $221,000 $4,140,000 $110,000 $2,518,000
Credit Application Incomplete 4,500 $1,176,035,000 $261,000 $25,500,000 $101,000 $2,430,000
Other 3,495 $730,685,000 $209,000 $28,350,000 $90,000 $3,248,000
Unverifiable Information 1,258 $312,472,000 $248,000 $1,625,000 $108,000 $1,944,000
Insufficient Cash (Downpayment, Closing Cost) 1,208 $281,207,000 $232,000 $2,820,000 $103,000 $1,650,000
Employment History 511 $117,175,000 $229,000 $1,400,000 $81,000 $960,000
Mortgage Insurance Denied 22 $4,019,000 $182,000 $505,000 $87,000 $179,000

Mortgage Loan Application Totals in 2014 by Virginia 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
BLACKSBURG-CHRISTIANSBURG-RADFORD, VA 5,363 $ 786,317,000 $ 146,000 $ 67,000
CHARLOTTESVILLE, VA 8,622 $ 1,930,558,000 $ 223,000 $ 95,000
HARRISONBURG, VA 3,427 $ 555,976,000 $ 162,000 $ 69,000
LYNCHBURG, VA 8,817 $ 1,298,007,000 $ 147,000 $ 62,000
RICHMOND, VA 53,014 $ 10,281,213,000 $ 193,000 $ 76,000
ROANOKE, VA 12,393 $ 1,800,438,000 $ 145,000 $ 66,000
STAUNTON-WAYNESBORO, VA 4,353 $ 689,016,000 $ 158,000 $ 62,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 76,463 $ 15,629,386,000 $ 204,000 $ 68,000
WINCHESTER, VA-WV 4,839 $ 949,829,000 $ 196,000 $ 76,000

Mortgage Loan Application Totals in 2014 by Virginia County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Accomack 1,124 $ 160,285,000 $ 142,000 $ 80,000
Albemarle 3,945 $ 1,099,830,000 $ 278,000 $ 108,000
Alexandria 6,955 $ 2,898,894,000 $ 416,000 $ 144,000
Alleghany 451 $ 47,580,000 $ 105,000 $ 57,000
Amelia 561 $ 83,119,000 $ 148,000 $ 57,000
Amherst 1,053 $ 125,309,000 $ 119,000 $ 51,000
Appomattox 500 $ 60,076,000 $ 120,000 $ 51,000
Arlington 8,755 $ 4,294,993,000 $ 490,000 $ 156,000
Augusta 2,697 $ 462,334,000 $ 171,000 $ 62,000
Bath 162 $ 20,604,000 $ 127,000 $ 78,000
Bedford 3,097 $ 544,751,000 $ 175,000 $ 72,000
Bedford City 191 $ 27,441,000 $ 143,000 $ 47,000
Bland 142 $ 15,962,000 $ 112,000 $ 60,000
Botetourt 1,431 $ 232,828,000 $ 162,000 $ 69,000
Bristol 455 $ 42,801,000 $ 94,000 $ 49,000
Brunswick 360 $ 43,786,000 $ 121,000 $ 66,000
Buchanan 447 $ 28,908,000 $ 64,000 $ 53,000
Buckingham 467 $ 49,202,000 $ 105,000 $ 55,000
Buena Vista 197 $ 17,820,000 $ 90,000 $ 44,000
Campbell 1,883 $ 245,398,000 $ 130,000 $ 54,000
Caroline 1,574 $ 241,297,000 $ 153,000 $ 56,000
Carroll 819 $ 81,660,000 $ 99,000 $ 56,000
Charles City 265 $ 43,153,000 $ 162,000 $ 81,000
Charlotte 276 $ 28,365,000 $ 102,000 $ 56,000
Charlottesville 1,421 $ 328,859,000 $ 231,000 $ 99,000
Chesapeake 12,560 $ 2,704,638,000 $ 215,000 $ 67,000
Chesterfield 16,066 $ 3,272,954,000 $ 203,000 $ 75,000
Clarke 664 $ 168,948,000 $ 254,000 $ 105,000
Colonial Heights 610 $ 80,564,000 $ 132,000 $ 62,000
Covington 125 $ 9,634,000 $ 77,000 $ 48,000
Craig 206 $ 22,194,000 $ 107,000 $ 53,000
Culpeper 2,404 $ 528,400,000 $ 219,000 $ 73,000
Cumberland 338 $ 38,811,000 $ 114,000 $ 59,000
Danville 827 $ 80,390,000 $ 97,000 $ 52,000
Dickenson 410 $ 23,834,000 $ 58,000 $ 49,000
Dinwiddie 1,210 $ 165,899,000 $ 137,000 $ 50,000
Emporia 113 $ 11,378,000 $ 100,000 $ 52,000
Essex 384 $ 58,421,000 $ 152,000 $ 68,000
Fairfax 50,498 $ 19,919,724,000 $ 394,000 $ 134,000
Fairfax City 1,220 $ 568,369,000 $ 465,000 $ 120,000
Falls Church 584 $ 285,303,000 $ 488,000 $ 179,000
Fauquier 3,826 $ 1,165,063,000 $ 304,000 $ 105,000
Floyd 498 $ 69,052,000 $ 138,000 $ 66,000
Fluvanna 1,274 $ 217,325,000 $ 170,000 $ 71,000
Franklin 2,216 $ 358,558,000 $ 161,000 $ 80,000
Franklin City 273 $ 37,148,000 $ 136,000 $ 49,000
Frederick 4,008 $ 779,927,000 $ 194,000 $ 75,000
Fredericksburg 921 $ 291,979,000 $ 317,000 $ 101,000
Galax 147 $ 13,805,000 $ 93,000 $ 45,000
Giles 564 $ 58,688,000 $ 104,000 $ 56,000
Gloucester 1,861 $ 331,245,000 $ 177,000 $ 64,000
Goochland 966 $ 259,558,000 $ 268,000 $ 113,000
Grayson 325 $ 37,302,000 $ 114,000 $ 63,000
Greene 871 $ 152,482,000 $ 175,000 $ 73,000
Greensville 228 $ 23,142,000 $ 101,000 $ 51,000
Halifax 737 $ 77,394,000 $ 105,000 $ 50,000
Hampton 5,971 $ 961,632,000 $ 161,000 $ 55,000
Hanover 4,813 $ 1,048,103,000 $ 217,000 $ 82,000
Harrisonburg 945 $ 172,011,000 $ 182,000 $ 71,000
Henrico 13,284 $ 2,758,957,000 $ 207,000 $ 81,000
Henry 1,207 $ 106,106,000 $ 87,000 $ 44,000
Highland 120 $ 16,468,000 $ 137,000 $ 57,000
Hopewell 784 $ 83,759,000 $ 106,000 $ 45,000
Isle of Wight 1,796 $ 400,832,000 $ 223,000 $ 78,000
James City 3,639 $ 916,081,000 $ 251,000 $ 92,000
King and Queen 231 $ 28,361,000 $ 122,000 $ 47,000
King George 1,236 $ 281,427,000 $ 227,000 $ 86,000
King William 808 $ 125,067,000 $ 154,000 $ 54,000
Lancaster 402 $ 97,141,000 $ 241,000 $ 116,000
Lee 659 $ 52,424,000 $ 79,000 $ 53,000
Lexington 136 $ 23,505,000 $ 172,000 $ 93,000
Loudoun 25,581 $ 9,904,213,000 $ 387,000 $ 126,000
Louisa 1,775 $ 339,393,000 $ 191,000 $ 81,000
Lunenburg 256 $ 26,933,000 $ 105,000 $ 46,000
Lynchburg 2,110 $ 296,698,000 $ 140,000 $ 64,000
Madison 501 $ 83,694,000 $ 167,000 $ 74,000
Manassas 2,104 $ 470,092,000 $ 223,000 $ 78,000
Manassas Park 947 $ 255,030,000 $ 269,000 $ 71,000
Martinsville 261 $ 19,046,000 $ 72,000 $ 50,000
Mathews 371 $ 76,027,000 $ 204,000 $ 92,000
Mecklenburg 754 $ 103,477,000 $ 137,000 $ 63,000
Middlesex 425 $ 79,839,000 $ 187,000 $ 90,000
Montgomery 2,714 $ 463,863,000 $ 170,000 $ 77,000
Nelson 651 $ 114,151,000 $ 175,000 $ 115,000
New Kent 1,178 $ 240,573,000 $ 204,000 $ 72,000
Newport News 6,534 $ 1,175,299,000 $ 179,000 $ 58,000
Norfolk 8,939 $ 1,634,522,000 $ 182,000 $ 60,000
Northampton 469 $ 86,288,000 $ 183,000 $ 102,000
Northumberland 566 $ 112,374,000 $ 198,000 $ 121,000
Norton 87 $ 7,185,000 $ 82,000 $ 61,000
Nottoway 367 $ 39,625,000 $ 107,000 $ 51,000
Orange 1,699 $ 317,007,000 $ 186,000 $ 78,000
Page 784 $ 98,527,000 $ 125,000 $ 61,000
Patrick 453 $ 38,711,000 $ 85,000 $ 46,000
Petersburg 993 $ 87,673,000 $ 88,000 $ 50,000
Pittsylvania 1,693 $ 190,532,000 $ 112,000 $ 53,000
Poquoson 541 $ 124,176,000 $ 229,000 $ 94,000
Portsmouth 4,363 $ 615,911,000 $ 141,000 $ 48,000
Powhatan 1,358 $ 271,958,000 $ 200,000 $ 76,000
Prince Edward 552 $ 69,788,000 $ 126,000 $ 56,000
Prince George 1,306 $ 209,577,000 $ 160,000 $ 66,000
Prince William 26,072 $ 7,753,242,000 $ 297,000 $ 93,000
Pulaski 1,224 $ 140,742,000 $ 114,000 $ 53,000
Radford 365 $ 54,203,000 $ 148,000 $ 65,000
Rappahannock 274 $ 71,649,000 $ 261,000 $ 129,000
Richmond 242 $ 34,583,000 $ 142,000 $ 64,000
Richmond City 7,027 $ 1,463,716,000 $ 208,000 $ 86,000
Roanoke 4,121 $ 649,448,000 $ 157,000 $ 67,000
Roanoke City 3,579 $ 426,447,000 $ 119,000 $ 55,000
Rockbridge 672 $ 103,154,000 $ 153,000 $ 64,000
Rockingham 2,491 $ 411,538,000 $ 165,000 $ 69,000
Russell 683 $ 61,369,000 $ 89,000 $ 54,000
Salem 851 $ 112,046,000 $ 131,000 $ 60,000
Scott 556 $ 50,437,000 $ 90,000 $ 54,000
Shenandoah 1,858 $ 289,339,000 $ 155,000 $ 65,000
Smyth 755 $ 69,752,000 $ 92,000 $ 53,000
Southampton 696 $ 88,916,000 $ 127,000 $ 51,000
Spotsylvania 7,194 $ 1,644,857,000 $ 228,000 $ 81,000
Stafford 8,757 $ 2,460,183,000 $ 280,000 $ 89,000
Staunton 888 $ 124,151,000 $ 139,000 $ 67,000
Suffolk 4,848 $ 1,008,834,000 $ 208,000 $ 67,000
Surry 268 $ 40,042,000 $ 149,000 $ 53,000
Sussex 284 $ 30,791,000 $ 108,000 $ 53,000
Tazewell 1,010 $ 95,539,000 $ 94,000 $ 52,000
Virginia Beach 22,100 $ 5,008,930,000 $ 226,000 $ 75,000
Warren 1,925 $ 343,537,000 $ 178,000 $ 68,000
Washington 1,542 $ 198,644,000 $ 128,000 $ 66,000
Waynesboro 773 $ 102,814,000 $ 133,000 $ 58,000
Westmoreland 814 $ 135,905,000 $ 166,000 $ 84,000
Williamsburg 334 $ 94,867,000 $ 284,000 $ 109,000
Winchester 846 $ 171,714,000 $ 202,000 $ 80,000
Wise 1,051 $ 82,834,000 $ 78,000 $ 52,000
Wythe 885 $ 90,161,000 $ 101,000 $ 52,000
York 2,717 $ 689,932,000 $ 253,000 $ 86,000