AllMortgageDetail - Mortgage Application Details

Washington
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 307,683
Total Mortgage Loan Application Amount $80,424,688,000
Average Mortgage Loan Application Amount $261,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $93,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Washington 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 156,223 $43,719,153,000 $279,000 $99,999,000 $94,000 $9,999,000
Refinancing 135,052 $34,688,027,000 $256,000 $94,260,000 $91,000 $9,999,000
Home Improvement 16,408 $2,017,508,000 $122,000 $28,000,000 $92,000 $5,500,000

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 198,024 $47,468,542,000 $239,000 $20,000,000 $100,000 $9,999,000
Not Provided 34,936 $9,270,393,000 $265,000 $94,260,000 $110,000 $6,687,000
Not applicable 27,020 $11,716,595,000 $433,000 $99,999,000 $14,000 $2,380,000
Asian 22,097 $6,769,594,000 $306,000 $5,500,000 $120,000 $9,999,000
Hispanic 14,687 $2,776,510,000 $189,000 $3,360,000 $72,000 $9,999,000
Black or African American 6,345 $1,451,587,000 $228,000 $2,100,000 $81,000 $6,701,000
American Indian or Alaskan Native 2,462 $491,174,000 $199,000 $1,388,000 $80,000 $1,646,000
Native Hawaiin or Other Pacific Islander 2,112 $480,293,000 $227,000 $2,600,000 $84,000 $1,215,000

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) 223,094 $60,993,852,000 $273,000 $99,999,000 $108,000 $9,999,000
FHA-insured (Federal Housing Administration) 40,699 $8,768,530,000 $215,000 $26,620,000 $54,000 $4,884,000
VA-guaranteed (Veterans Administration) 36,769 $9,299,497,000 $252,000 $1,462,000 $56,000 $1,690,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,121 $1,362,809,000 $191,000 $1,310,000 $40,000 $360,000

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 164,969 $45,545,679,000 $276,000 $94,260,000 $104,000 $9,999,000
Application Denied By Financial Institution 47,137 $10,570,862,000 $224,000 $23,710,000 $87,000 $6,792,000
Loan Purchased By The Institution 36,929 $9,420,747,000 $255,000 $26,200,000 $39,000 $5,780,000
Application Withdrawn By Applicant 34,665 $9,058,472,000 $261,000 $99,999,000 $102,000 $9,999,000
File Closed For Incompleteness 13,160 $3,252,115,000 $247,000 $17,023,000 $95,000 $9,630,000
Application Approved But Not Accepted 10,795 $2,570,240,000 $238,000 $17,517,000 $102,000 $4,015,000
Preapproval Denied by Financial Institution 26 $6,029,000 $231,000 $498,000 $82,000 $366,000
Preapproval Approved but not Accepted 2 $544,000 $272,000 $274,000 $89,000 $125,000

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
Debt-To-Income Ratio 7,642 $1,910,881,000 $250,000 $6,000,000 $70,000 $3,860,000
Credit History 7,475 $1,423,651,000 $190,000 $7,463,000 $84,000 $6,792,000
Collateral 6,110 $1,457,737,000 $238,000 $8,200,000 $110,000 $5,500,000
Other 3,629 $822,731,000 $226,000 $15,600,000 $100,000 $4,378,000
Credit Application Incomplete 3,328 $814,074,000 $244,000 $2,000,000 $104,000 $6,000,000
Unverifiable Information 1,111 $277,206,000 $249,000 $1,757,000 $107,000 $2,100,000
Insufficient Cash (Downpayment, Closing Cost) 852 $236,947,000 $278,000 $2,887,000 $101,000 $1,867,000
Employment History 437 $98,487,000 $225,000 $1,115,000 $75,000 $1,646,000
Mortgage Insurance Denied 27 $5,628,000 $208,000 $310,000 $74,000 $183,000

Mortgage Loan Application Totals in 2014 by Washington 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
BELLINGHAM, WA 8,449 $ 1,973,086,000 $ 233,000 $ 83,000
BREMERTON-SILVERDALE, WA 11,248 $ 2,723,822,000 $ 242,000 $ 85,000
KENNEWICK-RICHLAND, WA 10,178 $ 1,825,374,000 $ 179,000 $ 72,000
LONGVIEW, WA 4,422 $ 751,738,000 $ 169,000 $ 66,000
MOUNT VERNON-ANACORTES, WA 4,909 $ 1,033,155,000 $ 210,000 $ 82,000
OLYMPIA-TUMWATER, WA 11,378 $ 2,550,251,000 $ 224,000 $ 76,000
SEATTLE-BELLEVUE-EVERETT, WA 128,209 $ 43,700,596,000 $ 340,000 $ 115,000
SPOKANE-SPOKANE VALLEY, WA 22,441 $ 3,678,986,000 $ 163,000 $ 69,000
TACOMA-LAKEWOOD, WA 37,126 $ 8,560,717,000 $ 230,000 $ 79,000
WALLA WALLA, WA 2,032 $ 342,320,000 $ 168,000 $ 75,000
WENATCHEE, WA 4,428 $ 933,699,000 $ 210,000 $ 93,000
YAKIMA, WA 7,112 $ 1,025,740,000 $ 144,000 $ 65,000

Mortgage Loan Application Totals in 2014 by Washington County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 502 $ 64,149,000 $ 127,000 $ 57,000
Asotin 887 $ 137,507,000 $ 155,000 $ 64,000
Benton 7,295 $ 1,389,642,000 $ 190,000 $ 77,000
Chelan 2,870 $ 622,625,000 $ 216,000 $ 104,000
Clallam 2,541 $ 451,443,000 $ 177,000 $ 69,000
Clark 22,571 $ 5,051,331,000 $ 223,000 $ 83,000
Columbia 115 $ 16,813,000 $ 146,000 $ 68,000
Cowlitz 4,427 $ 752,673,000 $ 170,000 $ 66,000
Douglas 1,559 $ 311,313,000 $ 199,000 $ 74,000
Ferry 170 $ 23,607,000 $ 138,000 $ 60,000
Franklin 2,893 $ 438,058,000 $ 151,000 $ 59,000
Garfield 73 $ 8,668,000 $ 118,000 $ 61,000
Grant 2,697 $ 428,249,000 $ 158,000 $ 67,000
Grays Harbor 2,468 $ 347,370,000 $ 140,000 $ 68,000
Island 4,241 $ 966,905,000 $ 227,000 $ 82,000
Jefferson 1,188 $ 251,860,000 $ 212,000 $ 85,000
King 91,879 $ 33,798,074,000 $ 367,000 $ 124,000
Kitsap 11,263 $ 2,726,816,000 $ 242,000 $ 85,000
Kittitas 1,895 $ 421,468,000 $ 222,000 $ 110,000
Klickitat 741 $ 135,797,000 $ 183,000 $ 73,000
Lewis 2,670 $ 415,108,000 $ 155,000 $ 63,000
Lincoln 430 $ 56,361,000 $ 131,000 $ 65,000
Mason 2,728 $ 466,931,000 $ 171,000 $ 73,000
Okanogan 1,149 $ 176,552,000 $ 153,000 $ 71,000
Pacific 891 $ 118,720,000 $ 133,000 $ 69,000
Pend Oreille 584 $ 85,387,000 $ 146,000 $ 69,000
Pierce 37,160 $ 8,564,927,000 $ 230,000 $ 79,000
San Juan 667 $ 220,728,000 $ 330,000 $ 144,000
Skagit 4,923 $ 1,035,073,000 $ 210,000 $ 82,000
Skamania 475 $ 92,631,000 $ 195,000 $ 84,000
Snohomish 36,411 $ 9,922,279,000 $ 272,000 $ 90,000
Spokane 20,282 $ 3,340,504,000 $ 164,000 $ 69,000
Stevens 1,598 $ 256,424,000 $ 160,000 $ 68,000
Thurston 11,389 $ 2,552,222,000 $ 224,000 $ 76,000
Wahkiakum 164 $ 24,913,000 $ 151,000 $ 61,000
Walla Walla 1,918 $ 325,827,000 $ 169,000 $ 75,000
Whatcom 8,470 $ 1,977,443,000 $ 233,000 $ 83,000
Whitman 1,079 $ 202,574,000 $ 187,000 $ 79,000
Yakima 7,114 $ 1,025,906,000 $ 144,000 $ 65,000