Washington
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 466,566
Total Mortgage Loan Application Amount $139,158,412,000
Average Mortgage Loan Application Amount $298,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $97,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Washington 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 250,046 $71,081,718,000 $284,000 $99,999,000 $94,000 $9,999,000
Home Purchase 192,684 $63,259,017,000 $328,000 $99,999,000 $101,000 $9,999,000
Home Improvement 23,836 $4,817,677,000 $202,000 $32,521,000 $102,000 $4,191,000

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 296,312 $81,887,184,000 $276,000 $99,999,000 $103,000 $9,999,000
Not Provided 59,901 $17,852,827,000 $298,000 $99,999,000 $112,000 $9,999,000
Asian 36,404 $13,072,346,000 $359,000 $99,999,000 $126,000 $8,400,000
Not applicable 33,541 $16,646,987,000 $496,000 $92,833,000 $18,000 $4,798,000
Hispanic 22,579 $5,120,302,000 $226,000 $99,999,000 $75,000 $4,200,000
Black or African American 10,595 $2,810,342,000 $265,000 $2,100,000 $82,000 $3,900,000
American Indian or Alaskan Native 3,812 $876,317,000 $229,000 $2,200,000 $81,000 $2,375,000
Native Hawaiin or Other Pacific Islander 3,422 $892,107,000 $260,000 $1,433,000 $85,000 $1,080,000

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) 332,433 $104,428,504,000 $314,000 $99,999,000 $115,000 $9,999,000
FHA-insured (Federal Housing Administration) 66,754 $16,068,954,000 $240,000 $32,521,000 $54,000 $3,288,000
VA-guaranteed (Veterans Administration) 62,915 $17,726,948,000 $281,000 $99,999,000 $55,000 $3,600,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,464 $934,006,000 $209,000 $541,000 $45,000 $1,074,000

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 263,712 $82,233,122,000 $311,000 $92,833,000 $106,000 $9,999,000
Application Denied By Financial Institution 64,177 $16,754,037,000 $261,000 $99,999,000 $90,000 $9,048,000
Application Withdrawn By Applicant 60,358 $17,328,852,000 $287,000 $99,999,000 $104,000 $9,999,000
Loan Purchased By The Institution 48,356 $14,724,408,000 $304,000 $67,500,000 $52,000 $4,798,000
File Closed For Incompleteness 18,176 $4,929,189,000 $271,000 $27,000,000 $95,000 $9,999,000
Application Approved But Not Accepted 11,735 $3,173,306,000 $270,000 $14,550,000 $99,000 $3,406,000
Preapproval Denied by Financial Institution 35 $9,882,000 $282,000 $694,000 $90,000 $669,000
Preapproval Approved but not Accepted 17 $5,616,000 $330,000 $1,040,000 $94,000 $230,000

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 8,669 $2,453,725,000 $283,000 $7,500,000 $72,000 $6,672,000
Credit History 7,688 $1,600,135,000 $208,000 $11,435,000 $89,000 $4,153,000
Collateral 5,756 $1,621,917,000 $281,000 $79,800,000 $112,000 $6,977,000
Credit Application Incomplete 5,435 $1,426,259,000 $262,000 $2,639,000 $99,000 $6,000,000
Other 4,062 $1,078,370,000 $265,000 $90,315,000 $94,000 $6,000,000
Unverifiable Information 1,356 $374,625,000 $276,000 $2,800,000 $107,000 $2,065,000
Insufficient Cash (Downpayment, Closing Cost) 1,039 $336,404,000 $323,000 $3,461,000 $113,000 $1,452,000
Employment History 539 $133,829,000 $248,000 $1,862,000 $73,000 $701,000
Mortgage Insurance Denied 17 $3,006,000 $176,000 $299,000 $70,000 $224,000
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Mortgage Loan Application Totals in 2016 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 12,629 $ 3,588,322,000 $ 284,000 $ 91,000
BREMERTON-SILVERDALE, WA 18,146 $ 4,956,681,000 $ 273,000 $ 88,000
KENNEWICK-RICHLAND, WA 15,949 $ 3,102,748,000 $ 194,000 $ 75,000
LONGVIEW, WA 6,940 $ 1,311,141,000 $ 188,000 $ 66,000
MOUNT VERNON-ANACORTES, WA 7,930 $ 2,075,774,000 $ 261,000 $ 83,000
OLYMPIA-TUMWATER, WA 17,739 $ 4,328,530,000 $ 244,000 $ 76,000
SEATTLE-BELLEVUE-EVERETT, WA 196,473 $ 75,704,438,000 $ 385,000 $ 122,000
SPOKANE-SPOKANE VALLEY, WA 32,050 $ 6,032,208,000 $ 188,000 $ 71,000
TACOMA-LAKEWOOD, WA 61,552 $ 16,078,106,000 $ 261,000 $ 80,000
WALLA WALLA, WA 3,099 $ 623,917,000 $ 201,000 $ 74,000
WENATCHEE, WA 6,242 $ 1,515,500,000 $ 242,000 $ 98,000
YAKIMA, WA 9,731 $ 1,617,851,000 $ 166,000 $ 67,000
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Mortgage Loan Application Totals in 2016 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 615 $ 84,349,000 $ 137,000 $ 56,000
Asotin 1,083 $ 200,859,000 $ 185,000 $ 65,000
Benton 11,459 $ 2,290,156,000 $ 199,000 $ 79,000
Chelan 4,187 $ 1,061,716,000 $ 253,000 $ 106,000
Clallam 3,633 $ 725,934,000 $ 199,000 $ 73,000
Clark 38,024 $ 9,543,288,000 $ 250,000 $ 84,000
Columbia 140 $ 23,041,000 $ 164,000 $ 76,000
Cowlitz 6,940 $ 1,311,141,000 $ 188,000 $ 66,000
Douglas 2,055 $ 453,784,000 $ 220,000 $ 81,000
Ferry 250 $ 36,263,000 $ 145,000 $ 60,000
Franklin 4,496 $ 813,385,000 $ 180,000 $ 65,000
Garfield 84 $ 9,876,000 $ 117,000 $ 61,000
Grant 3,549 $ 616,897,000 $ 173,000 $ 70,000
Grays Harbor 3,454 $ 560,924,000 $ 162,000 $ 72,000
Island 6,905 $ 1,885,772,000 $ 273,000 $ 88,000
Jefferson 1,831 $ 435,098,000 $ 237,000 $ 93,000
King 137,691 $ 56,837,306,000 $ 412,000 $ 133,000
Kitsap 18,151 $ 4,958,004,000 $ 273,000 $ 88,000
Kittitas 2,796 $ 735,088,000 $ 262,000 $ 111,000
Klickitat 959 $ 202,971,000 $ 211,000 $ 85,000
Lewis 3,954 $ 786,005,000 $ 198,000 $ 63,000
Lincoln 530 $ 76,877,000 $ 145,000 $ 70,000
Mason 3,878 $ 836,320,000 $ 215,000 $ 77,000
Okanogan 1,362 $ 232,055,000 $ 170,000 $ 76,000
Pacific 1,217 $ 187,707,000 $ 154,000 $ 71,000
Pend Oreille 792 $ 134,130,000 $ 169,000 $ 74,000
Pierce 61,562 $ 16,080,194,000 $ 261,000 $ 80,000
San Juan 982 $ 352,607,000 $ 359,000 $ 153,000
Skagit 7,958 $ 2,080,478,000 $ 261,000 $ 83,000
Skamania 716 $ 163,381,000 $ 228,000 $ 79,000
Snohomish 58,831 $ 18,877,762,000 $ 320,000 $ 96,000
Spokane 29,151 $ 5,511,106,000 $ 189,000 $ 72,000
Stevens 2,138 $ 392,650,000 $ 183,000 $ 67,000
Thurston 17,742 $ 4,328,670,000 $ 243,000 $ 76,000
Wahkiakum 277 $ 51,900,000 $ 187,000 $ 66,000
Walla Walla 2,964 $ 601,815,000 $ 203,000 $ 74,000
Whatcom 12,649 $ 3,593,234,000 $ 284,000 $ 91,000
Whitman 1,444 $ 266,519,000 $ 184,000 $ 84,000
Yakima 9,750 $ 1,620,590,000 $ 166,000 $ 67,000
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