AllMortgageDetail - Mortgage Application Details

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
Mortgage Loan Application
Totals and Details
for 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 52,685
Total Mortgage Loan Application Amount $12,835,089,000
Average Mortgage Loan Application Amount $243,000
Highest Mortgage Loan Application Amount $69,580,000
Average Applicant Income $76,000
Highest Applicant Income $4,382,000

Mortgage Loan Application Detail Totals for WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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 110,441 $42,624,389,000 $385,000 $99,999,000 $114,000 $9,999,000
Refinancing 101,534 $33,553,605,000 $330,000 $87,000,000 $111,000 $9,999,000
Home Improvement 19,903 $1,838,329,000 $92,000 $85,000,000 $94,000 $3,919,000

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 90,798 $31,233,131,000 $343,000 $8,000,000 $140,000 $6,302,000
Black or African American 40,168 $9,748,558,000 $242,000 $3,900,000 $89,000 $4,382,000
Not Provided 34,558 $11,652,235,000 $337,000 $6,600,000 $135,000 $9,999,000
Not applicable 30,914 $14,582,689,000 $471,000 $99,999,000 $28,000 $9,999,000
Asian 18,333 $6,364,565,000 $347,000 $3,294,000 $131,000 $6,489,000
Hispanic 15,561 $4,012,387,000 $257,000 $3,038,000 $86,000 $2,919,000
American Indian or Alaskan Native 931 $244,734,000 $262,000 $1,550,000 $100,000 $1,104,000
Native Hawaiin or Other Pacific Islander 615 $178,024,000 $289,000 $1,120,000 $106,000 $1,800,000

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) 160,583 $53,293,164,000 $331,000 $99,999,000 $126,000 $9,999,000
VA-guaranteed (Veterans Administration) 34,227 $13,972,530,000 $408,000 $2,107,000 $90,000 $2,000,000
FHA-insured (Federal Housing Administration) 34,105 $10,072,845,000 $295,000 $85,000,000 $63,000 $3,445,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,963 $677,784,000 $228,000 $481,000 $49,000 $167,000

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 114,945 $41,146,992,000 $357,000 $99,999,000 $130,000 $7,711,000
Loan Purchased By The Institution 42,573 $14,883,341,000 $349,000 $69,580,000 $54,000 $9,999,000
Application Denied By Financial Institution 35,950 $8,941,399,000 $248,000 $36,900,000 $100,000 $9,999,000
Application Withdrawn By Applicant 23,774 $8,625,344,000 $362,000 $99,999,000 $126,000 $6,489,000
File Closed For Incompleteness 7,486 $2,308,436,000 $308,000 $5,400,000 $120,000 $3,000,000
Application Approved But Not Accepted 7,149 $2,110,512,000 $295,000 $47,000,000 $125,000 $2,999,000
Preapproval Denied by Financial Institution 1 $299,000 $299,000 $299,000 $98,000 $98,000
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 8,999 $1,397,816,000 $155,000 $10,750,000 $92,000 $9,999,000
Debt-To-Income Ratio 7,011 $1,789,684,000 $255,000 $4,000,000 $83,000 $2,318,000
Collateral 4,210 $1,273,442,000 $302,000 $36,900,000 $133,000 $2,518,000
Credit Application Incomplete 3,223 $1,008,498,000 $312,000 $2,500,000 $120,000 $2,200,000
Other 2,317 $559,603,000 $241,000 $2,900,000 $108,000 $3,676,000
Unverifiable Information 978 $297,428,000 $304,000 $2,000,000 $133,000 $4,382,000
Insufficient Cash (Downpayment, Closing Cost) 750 $260,662,000 $347,000 $19,856,000 $131,000 $1,650,000
Employment History 336 $103,355,000 $307,000 $1,400,000 $98,000 $661,000
Mortgage Insurance Denied 20 $3,685,000 $184,000 $384,000 $94,000 $179,000