Virginia
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 494,057
Total Mortgage Loan Application Amount $139,368,736,000
Average Mortgage Loan Application Amount $282,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $91,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Virginia 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 256,723 $73,995,632,000 $288,000 $99,999,000 $90,000 $9,999,000
Home Purchase 205,115 $61,556,256,000 $300,000 $99,999,000 $92,000 $9,999,000
Home Improvement 32,219 $3,816,848,000 $118,000 $99,999,000 $93,000 $8,168,000

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 258,860 $68,584,331,000 $264,000 $99,999,000 $104,000 $9,999,000
Not Provided 62,464 $18,369,640,000 $294,000 $35,831,000 $110,000 $6,000,000
Not applicable 58,942 $22,451,584,000 $380,000 $99,999,000 $23,000 $5,606,000
Black or African American 55,014 $11,994,458,000 $218,000 $99,999,000 $69,000 $6,696,000
Asian 30,048 $10,465,180,000 $348,000 $2,876,000 $125,000 $7,800,000
Hispanic 25,018 $6,580,344,000 $263,000 $2,000,000 $79,000 $8,168,000
American Indian or Alaskan Native 2,286 $535,487,000 $234,000 $1,760,000 $84,000 $2,148,000
Native Hawaiin or Other Pacific Islander 1,425 $387,712,000 $272,000 $1,438,000 $93,000 $1,416,000

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) 301,540 $85,033,450,000 $281,000 $99,999,000 $114,000 $9,999,000
VA-guaranteed (Veterans Administration) 100,165 $32,874,218,000 $328,000 $99,999,000 $60,000 $3,821,000
FHA-insured (Federal Housing Administration) 84,687 $20,195,576,000 $238,000 $48,333,000 $50,000 $6,696,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,665 $1,265,492,000 $165,000 $1,399,000 $38,000 $671,000

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 252,237 $73,186,231,000 $290,000 $99,999,000 $103,000 $7,756,000
Loan Purchased By The Institution 79,874 $24,378,213,000 $305,000 $76,652,000 $48,000 $5,606,000
Application Denied By Financial Institution 74,914 $16,788,555,000 $224,000 $99,999,000 $84,000 $8,640,000
Application Withdrawn By Applicant 54,451 $16,410,309,000 $301,000 $99,999,000 $106,000 $9,999,000
File Closed For Incompleteness 20,435 $5,244,721,000 $256,000 $99,999,000 $87,000 $7,800,000
Application Approved But Not Accepted 12,142 $3,359,660,000 $276,000 $55,930,000 $95,000 $9,999,000
Preapproval Denied by Financial Institution 3 $909,000 $303,000 $392,000 $106,000 $119,000
Preapproval Approved but not Accepted 1 $138,000 $138,000 $138,000 $95,000 $95,000

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 12,194 $1,750,394,000 $143,000 $16,000,000 $77,000 $3,642,000
Debt-To-Income Ratio 10,690 $2,555,425,000 $239,000 $78,000,000 $69,000 $1,653,000
Collateral 6,822 $1,748,142,000 $256,000 $4,175,000 $112,000 $4,576,000
Credit Application Incomplete 6,600 $1,763,850,000 $267,000 $2,300,000 $100,000 $3,564,000
Other 4,813 $1,268,395,000 $263,000 $99,999,000 $91,000 $3,782,000
Unverifiable Information 1,661 $349,531,000 $210,000 $4,800,000 $98,000 $3,555,000
Insufficient Cash (Downpayment, Closing Cost) 1,162 $327,178,000 $281,000 $2,520,000 $102,000 $1,429,000
Employment History 639 $178,638,000 $279,000 $10,001,000 $82,000 $1,200,000
Mortgage Insurance Denied 19 $4,418,000 $232,000 $671,000 $116,000 $555,000
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Mortgage Loan Application Totals in 2016 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 6,181 $ 1,023,942,000 $ 165,000 $ 71,000
CHARLOTTESVILLE, VA 11,480 $ 2,891,768,000 $ 251,000 $ 98,000
HARRISONBURG, VA 4,430 $ 844,694,000 $ 190,000 $ 67,000
LYNCHBURG, VA 11,027 $ 1,851,243,000 $ 167,000 $ 66,000
RICHMOND, VA 75,281 $ 16,448,445,000 $ 218,000 $ 78,000
ROANOKE, VA 14,733 $ 2,345,645,000 $ 159,000 $ 67,000
STAUNTON-WAYNESBORO, VA 5,753 $ 931,907,000 $ 161,000 $ 60,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 103,352 $ 23,819,724,000 $ 230,000 $ 68,000
WINCHESTER, VA-WV 6,950 $ 1,530,738,000 $ 220,000 $ 74,000
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Mortgage Loan Application Totals in 2016 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 1,359 $ 208,617,000 $ 153,000 $ 80,000
Albemarle 5,459 $ 1,615,971,000 $ 296,000 $ 115,000
Alexandria 9,009 $ 4,241,476,000 $ 470,000 $ 138,000
Alleghany 503 $ 56,941,000 $ 113,000 $ 57,000
Amelia 752 $ 125,195,000 $ 166,000 $ 56,000
Amherst 1,217 $ 166,803,000 $ 137,000 $ 55,000
Appomattox 657 $ 86,301,000 $ 131,000 $ 54,000
Arlington 12,059 $ 6,029,475,000 $ 499,000 $ 166,000
Augusta 3,634 $ 632,641,000 $ 174,000 $ 62,000
Bath 155 $ 23,350,000 $ 150,000 $ 87,000
Bedford 4,316 $ 856,926,000 $ 198,000 $ 77,000
Bedford City n/a $ n/a $ n/a $ n/a
Bland 153 $ 15,842,000 $ 103,000 $ 56,000
Botetourt 1,755 $ 320,846,000 $ 182,000 $ 74,000
Bristol 609 $ 60,762,000 $ 99,000 $ 53,000
Brunswick 517 $ 65,485,000 $ 126,000 $ 64,000
Buchanan 439 $ 28,936,000 $ 65,000 $ 50,000
Buckingham 558 $ 68,112,000 $ 122,000 $ 47,000
Buena Vista 202 $ 21,373,000 $ 105,000 $ 58,000
Campbell 2,300 $ 321,690,000 $ 139,000 $ 53,000
Caroline 2,191 $ 381,682,000 $ 174,000 $ 56,000
Carroll 957 $ 103,666,000 $ 108,000 $ 56,000
Charles City 325 $ 54,739,000 $ 168,000 $ 61,000
Charlotte 284 $ 30,471,000 $ 107,000 $ 52,000
Charlottesville 1,743 $ 480,060,000 $ 275,000 $ 109,000
Chesapeake 17,599 $ 4,338,338,000 $ 246,000 $ 67,000
Chesterfield 24,503 $ 5,464,153,000 $ 222,000 $ 76,000
Clarke 1,023 $ 294,652,000 $ 288,000 $ 104,000
Colonial Heights 873 $ 139,260,000 $ 159,000 $ 55,000
Covington 171 $ 15,154,000 $ 88,000 $ 34,000
Craig 249 $ 29,938,000 $ 120,000 $ 56,000
Culpeper 3,409 $ 807,579,000 $ 236,000 $ 72,000
Cumberland 477 $ 64,410,000 $ 135,000 $ 50,000
Danville 889 $ 95,910,000 $ 107,000 $ 48,000
Dickenson 394 $ 28,404,000 $ 72,000 $ 51,000
Dinwiddie 1,508 $ 228,666,000 $ 151,000 $ 53,000
Emporia 128 $ 14,533,000 $ 113,000 $ 60,000
Essex 531 $ 81,810,000 $ 154,000 $ 66,000
Fairfax 71,761 $ 30,155,803,000 $ 420,000 $ 134,000
Fairfax City 1,603 $ 605,492,000 $ 377,000 $ 119,000
Falls Church 837 $ 504,715,000 $ 603,000 $ 185,000
Fauquier 5,489 $ 1,816,616,000 $ 330,000 $ 105,000
Floyd 584 $ 78,017,000 $ 133,000 $ 56,000
Fluvanna 1,737 $ 322,427,000 $ 185,000 $ 65,000
Franklin 2,627 $ 484,376,000 $ 184,000 $ 86,000
Franklin City 245 $ 31,852,000 $ 130,000 $ 48,000
Frederick 5,861 $ 1,298,864,000 $ 221,000 $ 74,000
Fredericksburg 1,248 $ 377,128,000 $ 302,000 $ 98,000
Galax 193 $ 21,705,000 $ 112,000 $ 51,000
Giles 647 $ 74,587,000 $ 115,000 $ 59,000
Gloucester 2,471 $ 494,859,000 $ 200,000 $ 65,000
Goochland 1,446 $ 425,093,000 $ 293,000 $ 120,000
Grayson 380 $ 48,232,000 $ 126,000 $ 61,000
Greene 1,132 $ 227,871,000 $ 201,000 $ 69,000
Greensville 269 $ 28,532,000 $ 106,000 $ 49,000
Halifax 956 $ 104,236,000 $ 109,000 $ 52,000
Hampton 7,601 $ 1,467,156,000 $ 193,000 $ 52,000
Hanover 7,129 $ 1,716,503,000 $ 240,000 $ 85,000
Harrisonburg 1,223 $ 210,116,000 $ 171,000 $ 65,000
Henrico 18,752 $ 4,119,299,000 $ 219,000 $ 83,000
Henry 1,366 $ 130,354,000 $ 95,000 $ 45,000
Highland 76 $ 14,278,000 $ 187,000 $ 65,000
Hopewell 1,018 $ 135,891,000 $ 133,000 $ 43,000
Isle of Wight 2,562 $ 628,568,000 $ 245,000 $ 72,000
James City 5,397 $ 1,565,693,000 $ 290,000 $ 90,000
King and Queen 297 $ 46,000,000 $ 154,000 $ 55,000
King George 1,796 $ 451,571,000 $ 251,000 $ 80,000
King William 1,121 $ 187,732,000 $ 167,000 $ 55,000
Lancaster 657 $ 154,000,000 $ 234,000 $ 120,000
Lee 558 $ 44,314,000 $ 79,000 $ 49,000
Lexington 182 $ 37,183,000 $ 204,000 $ 82,000
Loudoun 36,729 $ 15,302,353,000 $ 416,000 $ 126,000
Louisa 2,403 $ 500,977,000 $ 208,000 $ 85,000
Lunenburg 399 $ 41,345,000 $ 103,000 $ 54,000
Lynchburg 2,554 $ 421,166,000 $ 164,000 $ 65,000
Madison 659 $ 140,387,000 $ 213,000 $ 75,000
Manassas 2,877 $ 711,269,000 $ 247,000 $ 72,000
Manassas Park 1,139 $ 279,935,000 $ 245,000 $ 67,000
Martinsville 257 $ 24,159,000 $ 94,000 $ 52,000
Mathews 503 $ 108,512,000 $ 215,000 $ 90,000
Mecklenburg 1,092 $ 158,800,000 $ 145,000 $ 76,000
Middlesex 607 $ 118,716,000 $ 195,000 $ 88,000
Montgomery 3,249 $ 623,643,000 $ 191,000 $ 84,000
Nelson 855 $ 178,113,000 $ 208,000 $ 108,000
New Kent 1,674 $ 384,967,000 $ 229,000 $ 72,000
Newport News 7,882 $ 1,409,266,000 $ 178,000 $ 56,000
Norfolk 11,039 $ 2,240,641,000 $ 202,000 $ 61,000
Northampton 625 $ 124,388,000 $ 199,000 $ 108,000
Northumberland 825 $ 180,691,000 $ 219,000 $ 109,000
Norton 92 $ 8,968,000 $ 97,000 $ 68,000
Nottoway 510 $ 59,713,000 $ 117,000 $ 55,000
Orange 2,315 $ 462,150,000 $ 199,000 $ 71,000
Page 962 $ 136,578,000 $ 141,000 $ 61,000
Patrick 493 $ 51,880,000 $ 105,000 $ 54,000
Petersburg 1,011 $ 136,182,000 $ 134,000 $ 48,000
Pittsylvania 1,904 $ 236,238,000 $ 124,000 $ 53,000
Poquoson 742 $ 198,811,000 $ 267,000 $ 91,000
Portsmouth 5,540 $ 953,090,000 $ 172,000 $ 49,000
Powhatan 2,059 $ 480,768,000 $ 233,000 $ 83,000
Prince Edward 671 $ 87,931,000 $ 131,000 $ 58,000
Prince George 1,659 $ 316,943,000 $ 191,000 $ 59,000
Prince William 38,495 $ 12,530,961,000 $ 325,000 $ 89,000
Pulaski 1,312 $ 162,745,000 $ 124,000 $ 54,000
Radford 392 $ 85,371,000 $ 217,000 $ 67,000
Rappahannock 410 $ 113,248,000 $ 276,000 $ 128,000
Richmond 287 $ 49,651,000 $ 173,000 $ 74,000
Richmond City 8,915 $ 2,110,399,000 $ 236,000 $ 90,000
Roanoke 4,994 $ 843,317,000 $ 168,000 $ 68,000
Roanoke City 4,014 $ 497,798,000 $ 124,000 $ 54,000
Rockbridge 841 $ 149,709,000 $ 178,000 $ 65,000
Rockingham 3,213 $ 635,320,000 $ 197,000 $ 68,000
Russell 712 $ 70,508,000 $ 99,000 $ 55,000
Salem 1,096 $ 169,540,000 $ 154,000 $ 63,000
Scott 568 $ 56,530,000 $ 99,000 $ 55,000
Shenandoah 2,348 $ 400,968,000 $ 170,000 $ 68,000
Smyth 827 $ 85,476,000 $ 103,000 $ 50,000
Southampton 714 $ 103,939,000 $ 145,000 $ 54,000
Spotsylvania 10,379 $ 2,635,596,000 $ 253,000 $ 76,000
Stafford 13,217 $ 4,076,956,000 $ 308,000 $ 85,000
Staunton 1,107 $ 154,606,000 $ 139,000 $ 57,000
Suffolk 6,632 $ 1,485,188,000 $ 223,000 $ 63,000
Surry 341 $ 58,704,000 $ 172,000 $ 60,000
Sussex 364 $ 44,618,000 $ 122,000 $ 49,000
Tazewell 1,110 $ 114,161,000 $ 102,000 $ 56,000
Virginia Beach 31,043 $ 7,737,077,000 $ 249,000 $ 76,000
Warren 2,938 $ 622,100,000 $ 211,000 $ 71,000
Washington 1,888 $ 275,774,000 $ 146,000 $ 67,000
Waynesboro 1,025 $ 145,676,000 $ 142,000 $ 53,000
Westmoreland 1,131 $ 195,138,000 $ 172,000 $ 78,000
Williamsburg 478 $ 150,148,000 $ 314,000 $ 109,000
Winchester 1,095 $ 232,513,000 $ 212,000 $ 74,000
Wise 1,167 $ 104,657,000 $ 89,000 $ 54,000
Wythe 1,059 $ 123,725,000 $ 116,000 $ 54,000
York 3,909 $ 1,050,672,000 $ 268,000 $ 82,000
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