Wasatch County, UT Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 1,871 mortgage applications in Wasatch County, UT totaling $476.3 million, down 17% from 2010. The average application was for $254,000, and applicants reported an average income of $130,000. 43% of applications resulted in an originated loan and 17% were denied. The most active lender was Wells Fargo Bank NA, with 272 applications, followed by Bank of America NA and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 1,871
Total Mortgage Loan Application Amount $476,290,000
Average Mortgage Loan Application Amount $254,000
Highest Mortgage Loan Application Amount $6,500,000
Average Applicant Income $130,000
Highest Applicant Income $9,999,000

Mortgage Company List for Lending in Wasatch County, UT for 2011

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,104,833,000,000 272 $ 66,060,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,454,050,584,000 155 $ 41,052,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,791,060,000,000 145 $ 34,410,000
Zions Bancorporation, N.A.

DENVER, CO 80237
* $ 16,343,046,000 118 $ 29,464,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 310,099,589,000 100 $ 25,294,000
Utah Community Credit Union
188 WEST RIVER PARK DRIVE
PROVO, UT 84604
* $ 727,532,000 68 $ 13,087,000
Mountain America Federal Credit Union
7181 SOUTH CAMPUS VIEW DRIVE
SANDY, UT 84091
* $ 2,777,514,000 68 $ 11,748,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ 10,000,000 50 $ 13,618,000
Ally Bank
2101 REXFORD ROAD, SUITE 350W
CHARLOTTE, NC 28211
* $ 77,423,723,000 47 $ 11,115,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ 10,000,000 46 $ 10,456,000
Gmac Mortgage, LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 41 $ 10,050,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 40 $ 9,913,000
America First Federal Credit Union
4774 S 1300 W, BLDG 3
RIVERDALE, UT 84405
* $ 4,936,048,000 38 $ 6,425,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,216,291,000,000 28 $ 7,807,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 27 $ 5,968,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 27 $ 6,542,000
Republic Mortgage Home Loans
5241 SOUTH STATE STREET, SUITE #2
MURRAY, UT 84107
* $ 10,000,000 24 $ 6,142,000
Securitynational Mortgage Company
5300 SOUTH 360 WEST
SALT LAKE CITY, UT 84123
* $ 10,000,000 23 $ 5,133,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ 242,587,000 22 $ 4,857,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 162,509,568,000 22 $ 5,111,000
Cornerstone Home Lending, Inc.
1177 WEST LOOP SOUTH SUITE 200
HOUSTON, TX 77027
* $ 57,509,481,000 20 $ 5,546,000
Citywide Home Loans, LLC

CHICAGO, IL 60613
* $ 10,000,000 20 $ 4,616,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 153,341,765,000 19 $ 3,903,000
Axiom Financial LLC
9350 SOUTH 150 EAST SUITE 140
SANDY, UT 84070
* $ 10,000,000 18 $ 3,333,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ 10,000,000 18 $ 3,701,000
Washington Federal
425 PIKE ST
SEATTLE, WA 98101
* $ 13,324,563,000 16 $ 5,917,000
US Bk NA Nd
4325 17TH AVENUE, S.W.
FARGO, ND 58103
* $ 5,955,059,000 15 $ 4,740,000
Veritas Funding, LLC
MORGUN HALL
MIDVALE, UT 84047
* $ 12,500,000 15 $ 4,030,000
Flagstar Bank NA

TROY, MI 49098
* $ 12,648,357,000 14 $ 4,377,000
Metlife Bank, N.A.
1555 WEST WALNUT HILL LANE, STE. 200
IRVING, TX 75038
* $ 16,490,790,000 14 $ 5,320,000
Podium Mortgage Capital LLC
3010 LAVA RIDGE COURT STE 220
ROSEVILLE, CA 95661
* $ 10,000,000 14 $ 3,851,000
360 Mortgage Group, LLC
11305 FOUR POINTS DRIVE, BLDG 1, #200
AUSTIN, TX 78726
* $ 10,000,000 12 $ 3,330,000
Security Home Mortgage
576 SOUTH STATE ST
OREM, UT 84058
* $ 10,000,000 12 $ 2,641,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 76,465,208,000 12 $ 3,118,000
Altabank
33 E MAIN
AMERICAN FORK, UT 84003
* $ 842,848,000 12 $ 3,442,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 12,522,585,000 11 $ 3,441,000
First Colony Mortgage Corporat
500 EAST PARK AVENUE SUITE 900
OREM, UT 84097
* $ 10,000,000 11 $ 2,022,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ 10,000,000 10 $ 2,411,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 108,971,662,000 9 $ 1,818,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 5,285,622,000 8 $ 1,780,000
Ing Bank, FSB
1 SOUTH ORANGE STREET
WILMINGTON, DE 19801
* $ 91,413,704,000 8 $ 4,646,000
Bank of the West
180 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
* $ 59,517,025,000 8 $ 3,575,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 48,783,813,000 7 $ 1,450,000
Homeamerican Mortgage Corporat
4350 S MONACO ST SUITE 200
DENVER, CO 80237
* $ 31,000,000 7 $ 1,631,000
City 1st Mortgage Services, Lc
750 S. MAIN SUITE 104
BOUNTIFUL, UT 84010
* $ 10,000,000 6 $ 1,204,000
Direct Mortgage Corp
13894 S BANGERTER PARKWAY SUITE 200
DRAPER, UT 84020
* $ 10,000,000 6 $ 1,428,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 85,930,126,000 6 $ 1,921,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 15,104,501,000 5 $ 4,144,000
Home Loan Center, Inc.
11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
* $ 10,000,000 5 $ 1,026,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 5 $ 1,323,000
American Bank of Commerce
3670 N UNIVERSITY AVE
PROVO, UT 84604
* $ 53,112,000 5 $ 1,082,000
Celtic Bank
268 S. STATE ST., SUITE 300
SALT LAKE CITY, UT 84111
* $ 222,154,000 4 $ 2,680,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ 31,000,000 4 $ 625,000
Nycb Mortgage Company, LLC
1801 EAST 9TH STREET
CLEVELAND, OH 44114
* $ 75,001,000 4 $ 982,000
Megastar Financial
1080 CHEROKEE ST
DENVER, CO 80204
* $ 10,000,000 4 $ 942,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ 4,993,000 3 $ 1,036,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ 10,000,000 3 $ 567,000
First National Bank of Layton
1601 N. HILLFIELD ROAD
LAYTON, UT 84041
* $ 256,084,000 3 $ 923,000
First Option Mortgage, LLC
1100 CIRCLE 75 PARKWAY SOUTH EAST SUITE 300
ATLANTA, GA 30339
* $ 941,000 3 $ 671,000
American Equity Mortgage, Inc.
11933 WESTLINE INDUSTRIAL DRIVE
SAINT LOUIS, MO 63146
* $ 10,000,000 3 $ 607,000
Citicorp Trust Bank, FSB
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 11,750,980,000 3 $ 701,000
UBS Bank USA
299 S. MAIN ST
SALT LAKE CITY, UT 84111
* $ 31,465,215,000 3 $ 4,944,000
Merrill Lynch Credit Corp
30930 RUSSELL RANCH RD CA6-916-01-14
WESTLAKE VILLAGE, CA 91362
* $ 2,223,299,000 3 $ 1,260,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 213,864,000 3 $ 1,418,000
Grand Valley Bank

FRUITA, CO 81521
* $ 254,981,000 3 $ 1,082,000
Bank of Utah
2605 WASHINGTON BOULEVARD
OGDEN, UT 84401
* $ 746,890,000 3 $ 989,000
Gateway Bank F.S.B.
360 8TH STREET
OAKLAND, CA 94607
* $ 305,753,000 3 $ 549,000
Colorado Federal Savings Bank8
400 EAST PRENTICE AVE, SUITE 840
GREENWOOD VILLAGE, CO 80111
* $ 703,619,000 2 $ 659,000
BNC National Bank

BISMARCK, ND 58501
* $ 745,184,000 2 $ 703,000
Home Savings of America
35 E BROADWAY
LITTLE FALLS, MN 56345
* $ 457,501,000 2 $ 792,000
Midwest Bankcentre
2191 LEMAY FERRY ROAD LEMAY
SAINT LOUIS, MO 63125
* $ 1,091,514,000 2 $ 1,093,000
Carnegie Mortgage
2297 STATE HIGHWAY 33
HAMILTON SQUARE, NJ 08690
* $ 193,976,000 2 $ 445,000
First Choice Bank
669 WHITEHEAD ROAD
LAWRENCEVILLE, NJ 08648
* $ 448,171,000 2 $ 614,000
Gateway Business Bank
18000 STUDEBAKER ROAD, SUITE 550
CERRITOS, CA 90703
* $ 198,117,000 2 $ 679,000
First Choice Loan Services Inc.
ONE TOWER CENTER, FLOOR #18
EAST BRUNSWICK, NJ 08816
* $ 669,000,000 2 $ 888,000
Alliance Financial Resources
5410 EAST HIGH STREET SUITE 200
PHOENIX, AZ 85054
* $ 10,000,000 2 $ 404,000
Goldenwest Federal Credit Union
5025 ADAMS AVE
OGDEN, UT 84403
* $ 766,170,000 2 $ 455,000
Deseret First Credit Union
3999 PARKWAY BOULEVARD
WEST VALLEY CITY, UT 84120
* $ 418,952,000 2 $ 125,000
W. J. Bradley Mortgage Capital
6465 GREENWOOD PLAZA BLVD, SUITE 500
CENTENNIAL, CO 80111
* $ 10,000,000 2 $ 309,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 44,423,207,000 2 $ 771,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 254,825,730,000 2 $ 597,000
Utah Mortgage Loan Corp
488 E 6400 S, 300
SALT LAKE CITY, UT 84107
* $ 10,000,000 2 $ 279,000
Caliber Funding LLC
6031 CONNECTION DRIVE, SUITE 200
IRVING, TX 75039
* $ 37,112,000 2 $ 338,000
Data Mortgage Inc., dba Essex
1100 W. TOWN & COUNTRY RD. STE. 100
ORANGE, CA 92868
* $ 10,000,000 2 $ 190,000
Goodleap, LLC
8781 SIERRA COLLEGE BLVD
ROSEVILLE, CA 95661
* $ 10,000,000 2 $ 380,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ 3,125,000 2 $ 558,000
Castle & Cooke Mortgage, LLC
13751 S WADSWORTH PARK DRIVE, STE 101
DRAPER, UT 84020
* $ 10,000,000 2 $ 411,000
Americash
3080 BRISTOL STREET, SUITE 300
COSTA MESA, CA 92626
* $ 10,000,000 1 $ 295,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ 10,000,000 1 $ 270,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 1 $ 410,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ 39,000,000 1 $ 224,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ 603,000 1 $ 181,000
Cashcall, Inc.
1 CITY BLVD WEST SUITE 1000
ORANGE, CA 92868
* $ 10,000,000 1 $ 400,000
Nationwide Advantage Mortgage
1100 LOCUST ST
DES MOINES, IA 50391
* $ 31,000,000 1 $ 213,000
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ 31,000,000 1 $ 227,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 1 $ 199,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 1 $ 159,000
SWBC Mortgage Corporation
9311 SAN PEDRO AVENUE STE 100
SAN ANTONIO, TX 78216
* $ 502,411,000 1 $ 189,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 1 $ 240,000
New York Community Bank
615 MERRICK AVENUE
WESTBURY, NY 11590
* $ 38,055,567,000 1 $ 283,000
Charles Schwab Bank, SSB

LONE TREE, CO 80124
* $ 56,866,447,000 1 $ 385,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 14,796,328,000 1 $ 406,000
UMB Bank NA
1010 GRAND BLVD
KANSAS CITY, MO 64106
* $ 10,684,654,000 1 $ 6,500,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ 7,724,367,000 1 $ 126,000
Prospect Mortgage, LLC
15301 VENTURA BLVD SUITE D300
SHERMAN OAKS, CA 91403
* $ 10,000,000 1 $ 1,238,000
Mountain States Mortgage
1333 E 9400 S
SANDY, UT 84093
* $ 10,000,000 1 $ 260,000
Ifreedom Direct Corporation
124 N. CHARLES LINDBERGH DRIVE
SLC, UT 84116
* $ 10,000,000 1 $ 352,000
Cherry Creek Mortgage, LLC
7600 E ORCHARD ROAD, SUITE 250 -N
WILMINGTON, DE 80111
* $ 10,000,000 1 $ 100,000
The Northern Trust Co
50 S. LA SALLE
CHICAGO, IL 60603
* $ 84,416,285,000 1 $ 150,000
Nevada State Bank
5373 S ARVILLE STREET, 1ST FLOOR
LAS VEGAS, NV 89118
* $ 4,206,125,000 1 $ 227,000
Canyon View Credit Union
PO BOX 58025
SALT LAKE CITY, UT 84158
* $ 550,309,000 1 $ 215,000
Granite Federal Credit Union
3675 S 900 E
SALT LAKE CITY, UT 84106
* $ 321,919,000 1 $ 75,000
Transwest Credit Union
37 WEST 1700 SOUTH
SALT LAKE CITY, UT 84115
* $ 111,185,000 1 $ 275,000
Utah Power Credit Union
957 E 6600 S
SALT LAKE CITY, UT 84121
* $ 398,111,000 1 $ 125,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 1 $ 232,000
Utah First Credit Union
200 E SOUTH TEMPLE
SALT LAKE CITY, UT 84111
* $ 240,439,000 1 $ 244,000
Farmers Insurance Federal Credit Union
4601 WILSHIRE BL. STE 110
BURBANK, CA 91504
* $ 582,380,000 1 $ 85,000
Affiliated Mortgage Company
5700 LEGACY DRIVE STE 10
PLANO, TX 75024
* $ 212,423,000 1 $ 244,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 1 $ 298,000
Universal Lending Corporation
6775 EAST EVANS AVE.
DENVER, CO 80224
* $ 10,000,000 1 $ 156,000
Associated Mortgage Bankers Inc.
2395 OCEAN AVENUE SUITE 5 RONKONKOMA
RONKONKOMA, NY 11779
* $ 35,004,000 1 $ 295,000
First Utah Bank
3826 S 2300 E
SALT LAKE CITY, UT 84109
* $ 305,748,000 1 $ 656,000
Mountain West Bank
P O BOX 1059
COEUR D'ALENE, ID 83816
* $ 1,171,496,000 1 $ 224,000
Bank of Ann Arbor
1333 W ANN ARBOR ROAD
ANN ARBOR, MI 48104
* $ 690,925,000 1 $ 79,000
Americanwest Bank
P O BOX 105
CHEWELAH, WA 99109
* $ 1,624,110,000 1 $ 216,000
Colonial Savings
P O BOX 2988
FORT WORTH, TX 76102
* $ 1,054,163,000 1 $ 242,000
American Bank
9001 EDMONSTON ROAD SUITE 100
GREENBELT, MD 20770
* $ 555,205,000 1 $ 197,000
UBS Ag, Tampa Branch
3000 BAYPORT
TAMPA, FL 33607
* $ 1,400,000,000 1 $ 168,000
Heartland Bank
212 SOUTH CENTRAL
ST. LOUIS, MO 63105
* $ 889,445,000 1 $ 246,000
Raymond James Bank N.A.
710 CARILLON PKWY
ST PETERSBURG, FL 33716
* $ 7,575,349,000 1 $ 500,000
Axos Bank
4350 LA JOLLA VILLAGE DR SUITE 140
SAN DIEGO, CA 92122
* $ 1,662,674,000 1 $ 500,000
Ameriprise Bank, FSB
707 2ND AVENUE SOUTH
MINNEAPOLIS, MN 55474
* $ 3,862,039,000 1 $ 105,000
Citifinancial, Inc.
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,494,037,000,000 1 $ 228,000
M&I Bank FSB
W57N14280 DOERR WAY
CEDARBURG, WI 53012
* $ 1,311,970,000 1 $ 130,000
Farmers Bank and Trust NA
1017 HARRISON
GREAT BEND, KS 67530
* $ 665,875,000 1 $ 322,000
National Bank of Kansas City
10700 NALL AVENUE
OVERLAND PARK, KS 66211
* $ 652,138,000 1 $ 186,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 109,283,991,000 1 $ 417,000
HSBC Mortgage Corp
2929 WALDEN AVE
DEPEW, NY 14043
* $ 92,958,000 1 $ 300,000

The tables below break down 2011 mortgage applications in Wasatch County, UT by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Wasatch County, UT in 2011

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 1,145 $297,763,000 $260,000 $3,465,000 $139,000 $9,999,000
Home Purchase 690 $170,479,000 $247,000 $6,500,000 $119,000 $3,672,000
Home Improvement 36 $8,048,000 $223,000 $2,730,000 $86,000 $639,000

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 1,416 $354,206,000 $250,000 $3,465,000 $143,000 $9,999,000
Not applicable 242 $70,520,000 $291,000 $6,500,000 $38,000 $494,000
Not Provided 129 $34,329,000 $266,000 $976,000 $203,000 $2,822,000
Hispanic 62 $11,788,000 $190,000 $758,000 $65,000 $420,000
American Indian or Alaskan Native 9 $2,027,000 $225,000 $358,000 $138,000 $500,000
Asian 8 $1,720,000 $215,000 $414,000 $82,000 $241,000
Native Hawaiian or Other Pacific Islander 4 $1,548,000 $387,000 $429,000 $71,000 $103,000
Black or African American 1 $152,000 $152,000 $152,000 $100,000 $100,000

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) 1,526 $402,499,000 $263,000 $6,500,000 $148,000 $9,999,000
FHA-insured (Federal Housing Administration) 205 $43,122,000 $210,000 $449,000 $53,000 $230,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 102 $19,689,000 $193,000 $338,000 $49,000 $96,000
VA-guaranteed (Veterans Administration) 38 $10,980,000 $288,000 $723,000 $78,000 $283,000

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 811 $206,078,000 $254,000 $6,500,000 $148,000 $9,999,000
Loan Purchased By The Institution 477 $107,333,000 $225,000 $525,000 $66,000 $1,186,000
Application Denied By Financial Institution 312 $85,550,000 $274,000 $1,950,000 $170,000 $5,732,000
Application Withdrawn By Applicant 161 $42,741,000 $265,000 $1,238,000 $131,000 $3,600,000
Application Approved But Not Accepted 72 $22,800,000 $316,000 $1,920,000 $209,000 $4,791,000
File Closed For Incompleteness 38 $11,788,000 $310,000 $3,465,000 $86,000 $500,000
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
Collateral 84 $28,338,000 $337,000 $1,950,000 $288,000 $5,732,000
Debt-To-Income Ratio 72 $18,899,000 $262,000 $758,000 $85,000 $604,000
Other 41 $11,063,000 $269,000 $1,500,000 $113,000 $720,000
Credit History 27 $6,161,000 $228,000 $550,000 $128,000 $830,000
Credit Application Incomplete 24 $5,008,000 $208,000 $417,000 $238,000 $2,940,000
Unverifiable Information 14 $4,143,000 $295,000 $750,000 $135,000 $300,000
Employment History 7 $1,695,000 $242,000 $417,000 $64,000 $240,000
Insufficient Cash (Downpayment, Closing Cost) 6 $1,558,000 $259,000 $406,000 $180,000 $529,000
Mortgage Insurance Denied 1 $84,000 $84,000 $84,000 $112,000 $112,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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