Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area Mortgage Lenders & HMDA Data, 2019
In 2019, lenders reported 330,732 mortgage applications in Washington-Arlington-Alexandria, DC-VA-MD-WV metro area totaling $125.3 billion, up 26% from 2018. The average application was for $378,729, and applicants reported an average income of $145,940. 51% of applications resulted in an originated loan and 13% were denied. The most active lender was Wells Fargo Bank NA, with 15,339 applications, followed by Navy Federal Credit Union and Suntrust Banks, Inc..
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| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 330,732 |
| Total Mortgage Loan Application Amount | $125,258,020,000 |
| Average Mortgage Loan Application Amount | $378,729 |
| Highest Mortgage Loan Application Amount | $96,455,000 |
| Average Applicant Income | $145,940 |
| Highest Applicant Income | $9,749,000 |
Top Mortgage Lenders in Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area (2019)
Ranked by the number of mortgage applications each lender reported in Washington-Arlington-Alexandria, DC-VA-MD-WV metro area in 2019.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
15,339 | $6,182,765,000 | $403,000 | $176,000 |
| 2 | Navy Federal Credit Union Vienna, VA |
10,373 | $3,242,135,000 | $312,000 | $155,000 |
| 3 | Suntrust Banks, Inc. Atlanta, GA |
7,490 | $2,454,845,000 | $327,000 | $168,000 |
| 4 | Bank of America NA Westlake Village, CA |
7,173 | $2,129,705,000 | $296,000 | $170,000 |
| 5 | Truist Bank Raleigh, NC |
6,202 | $2,060,410,000 | $332,000 | $173,000 |
| 6 | Navy Federal Credit Union Vienna, VA |
5,721 | $1,373,705,000 | $240,000 | $121,000 |
| 7 | PennyMac Loan Services LLC Westlake Village, CA |
5,087 | $2,130,875,000 | $418,000 | $137,000 |
| 8 | Freedom Mortgage Corporation Boca Raton, FL |
4,608 | $1,788,710,000 | $388,000 | $128,000 |
| 9 | Caliber Home Loans, Inc. Wilmington, DE |
4,188 | $1,902,470,000 | $454,000 | $155,000 |
| 10 | George Mason Mortgage, LLC Prince William, VA |
4,144 | $1,866,475,000 | $450,000 | $170,000 |
See every lender active in Washington-Arlington-Alexandria, DC-VA-MD-WV metro area in 2019 »
The tables below break down 2019 mortgage applications in Washington-Arlington-Alexandria, DC-VA-MD-WV metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Washington-Arlington-Alexandria, DC-VA-MD-WV in 2019
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 | 137,079 | $59,331,605,000 | $432,000 | $93,805,000 | $147,000 | $9,749,000 |
| Refinancing | 95,984 | $40,553,300,000 | $422,000 | $96,455,000 | $154,000 | $9,000,000 |
| Cash-out Refinancing | 54,724 | $19,214,870,000 | $351,000 | $57,005,000 | $134,000 | $9,350,000 |
| Home Improvement | 21,417 | $2,569,645,000 | $119,000 | $40,005,000 | $155,000 | $8,644,000 |
| Other Purpose | 17,234 | $2,334,520,000 | $135,000 | $8,835,000 | $154,000 | $7,500,000 |
| Not Applicable | 4,294 | $1,254,080,000 | $292,000 | $24,755,000 | $140,000 | $1,400,000 |
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 | 121,670 | $46,182,525,000 | $379,000 | $31,915,000 | $166,000 | $9,749,000 |
| Black or African American | 59,321 | $17,721,235,000 | $298,000 | $6,255,000 | $112,000 | $9,000,000 |
| Not Provided | 53,540 | $20,609,400,000 | $384,000 | $26,385,000 | $160,000 | $8,596,000 |
| Not applicable | 39,025 | $21,117,860,000 | $541,000 | $96,455,000 | $147,000 | $9,408,000 |
| Asian | 25,879 | $9,892,455,000 | $382,000 | $4,105,000 | $152,000 | $8,600,000 |
| Hispanic | 25,375 | $7,577,565,000 | $298,000 | $4,505,000 | $102,000 | $9,000,000 |
| American Indian or Alaskan Native | 1,447 | $454,505,000 | $314,000 | $1,685,000 | $118,000 | $1,020,000 |
| Native Hawaiian or Other Pacific Islander | 383 | $132,575,000 | $346,000 | $1,775,000 | $134,000 | $1,320,000 |
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) | 228,659 | $85,613,155,000 | $374,000 | $96,455,000 | $160,000 | $9,749,000 |
| VA-guaranteed (Veterans Administration) | 52,392 | $23,519,970,000 | $448,000 | $31,915,000 | $124,000 | $7,380,000 |
| FHA-insured (Federal Housing Administration) | 47,537 | $15,588,415,000 | $327,000 | $37,345,000 | $89,000 | $9,350,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2,144 | $536,480,000 | $250,000 | $1,505,000 | $71,000 | $225,000 |
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 | 167,842 | $68,085,130,000 | $405,000 | $94,405,000 | $153,000 | $8,596,000 |
| Loan Purchased By The Institution | 53,369 | $21,501,720,000 | $402,000 | $23,005,000 | $148,000 | $9,408,000 |
| Application Withdrawn By Applicant | 45,244 | $17,573,785,000 | $388,000 | $75,215,000 | $152,000 | $9,350,000 |
| Application Denied By Financial Institution | 43,998 | $11,283,930,000 | $256,000 | $96,455,000 | $123,000 | $9,749,000 |
| File Closed For Incompleteness | 13,867 | $4,605,215,000 | $332,000 | $12,005,000 | $140,000 | $5,120,000 |
| Application Approved But Not Accepted | 6,330 | $2,177,320,000 | $343,000 | $6,865,000 | $153,000 | $9,000,000 |
| Preapproval Denied by Financial Institution | 51 | $19,075,000 | $374,000 | $715,000 | $60,000 | $269,000 |
| Preapproval Approved but not Accepted | 31 | $11,845,000 | $382,000 | $625,000 | $89,000 | $277,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 281,129 | $111,517,255,000 | $396,000 | $94,405,000 | $151,000 | $9,408,000 |
| Debt-To-Income Ratio | 18,563 | $5,750,855,000 | $309,000 | $34,175,000 | $106,000 | $9,408,000 |
| Credit History | 12,120 | $2,242,120,000 | $184,000 | $3,205,000 | $121,000 | $7,020,000 |
| Collateral | 5,789 | $1,546,425,000 | $267,000 | $7,505,000 | $159,000 | $8,644,000 |
| Other | 5,014 | $1,559,350,000 | $311,000 | $96,455,000 | $148,000 | $9,749,000 |
| Credit Application Incomplete | 4,902 | $1,682,640,000 | $343,000 | $7,505,000 | $146,000 | $3,213,000 |
| Unverifiable Information | 1,492 | $416,150,000 | $278,000 | $4,535,000 | $145,000 | $6,360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,335 | $383,335,000 | $287,000 | $2,005,000 | $155,000 | $3,546,000 |
| Employment History | 370 | $133,220,000 | $360,000 | $6,275,000 | $102,000 | $1,584,000 |
| Mortgage Insurance Denied | 18 | $26,670,000 | $1,481,000 | $22,675,000 | $198,000 | $708,000 |
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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