West Virginia
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 59,932
Total Mortgage Loan Application Amount $8,246,354,000
Average Mortgage Loan Application Amount $137,000
Highest Mortgage Loan Application Amount $50,000,000
Average Applicant Income $68,000
Highest Applicant Income $8,400,000
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Mortgage Loan Application Detail Totals for West Virginia 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
Home Purchase 29,600 $4,206,997,000 $142,000 $11,000,000 $65,000 $5,074,000
Refinancing 23,426 $3,659,295,000 $156,000 $50,000,000 $72,000 $8,400,000
Home Improvement 6,906 $380,062,000 $55,000 $5,000,000 $67,000 $2,460,000

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 47,261 $6,022,153,000 $127,000 $4,990,000 $74,000 $8,400,000
Not applicable 5,672 $1,205,436,000 $212,000 $50,000,000 $8,000 $1,800,000
Not Provided 4,425 $620,090,000 $140,000 $1,917,000 $78,000 $3,885,000
Black or African American 1,259 $178,970,000 $142,000 $560,000 $60,000 $719,000
Hispanic 664 $101,324,000 $152,000 $830,000 $70,000 $648,000
Asian 368 $77,469,000 $210,000 $1,000,000 $130,000 $1,560,000
American Indian or Alaskan Native 220 $30,566,000 $138,000 $603,000 $79,000 $750,000
Native Hawaiin or Other Pacific Islander 63 $10,346,000 $164,000 $600,000 $100,000 $849,000

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) 41,467 $5,455,951,000 $131,000 $50,000,000 $78,000 $8,400,000
FHA-insured (Federal Housing Administration) 9,126 $1,214,585,000 $133,000 $12,572,000 $45,000 $1,560,000
VA-guaranteed (Veterans Administration) 5,825 $1,097,000,000 $188,000 $1,095,000 $52,000 $810,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,514 $478,818,000 $136,000 $1,832,000 $35,000 $252,000

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 31,084 $4,604,741,000 $148,000 $50,000,000 $78,000 $5,074,000
Application Denied By Financial Institution 12,956 $1,386,288,000 $106,000 $17,200,000 $63,000 $8,400,000
Loan Purchased By The Institution 6,315 $999,433,000 $158,000 $679,000 $25,000 $1,800,000
Application Withdrawn By Applicant 4,423 $663,870,000 $150,000 $5,000,000 $77,000 $3,885,000
File Closed For Incompleteness 3,200 $346,376,000 $108,000 $1,000,000 $58,000 $1,092,000
Application Approved But Not Accepted 1,954 $245,646,000 $125,000 $7,000,000 $73,000 $1,143,000
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
Credit History 2,877 $176,829,000 $61,000 $1,500,000 $58,000 $2,460,000
Collateral 1,681 $236,834,000 $140,000 $4,990,000 $86,000 $8,400,000
Debt-To-Income Ratio 1,567 $170,343,000 $108,000 $1,300,000 $50,000 $558,000
Credit Application Incomplete 747 $98,893,000 $132,000 $650,000 $79,000 $720,000
Other 433 $49,330,000 $113,000 $750,000 $76,000 $907,000
Insufficient Cash (Downpayment, Closing Cost) 181 $22,745,000 $125,000 $680,000 $65,000 $377,000
Unverifiable Information 137 $18,729,000 $136,000 $650,000 $89,000 $1,380,000
Employment History 128 $12,793,000 $99,000 $388,000 $53,000 $600,000
Mortgage Insurance Denied 11 $1,013,000 $92,000 $191,000 $72,000 $171,000
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Mortgage Loan Application Totals in 2016 by West Virginia 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
BECKLEY, WV 3,592 $ 363,004,000 $ 101,000 $ 61,000
CHARLESTON, WV 7,197 $ 931,326,000 $ 129,000 $ 70,000
HUNTINGTON-ASHLAND, WV-KY-OH 7,673 $ 1,027,500,000 $ 133,000 $ 70,000
MORGANTOWN, WV 4,744 $ 899,673,000 $ 189,000 $ 86,000
PARKERSBURG-VIENNA, WV 2,797 $ 358,440,000 $ 128,000 $ 66,000
WEIRTON-STEUBENVILLE, WV-OH 1,486 $ 141,075,000 $ 94,000 $ 72,000
WHEELING, WV-OH 1,912 $ 232,416,000 $ 121,000 $ 68,000
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Mortgage Loan Application Totals in 2016 by West Virginia County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Barbour 271 $ 29,160,000 $ 107,000 $ 63,000
Berkeley 6,819 $ 1,151,470,000 $ 168,000 $ 58,000
Boone 493 $ 44,341,000 $ 89,000 $ 55,000
Braxton 283 $ 26,544,000 $ 93,000 $ 61,000
Brooke 644 $ 63,068,000 $ 97,000 $ 64,000
Cabell 3,099 $ 400,523,000 $ 129,000 $ 67,000
Calhoun 86 $ 8,255,000 $ 95,000 $ 62,000
Clay 221 $ 15,383,000 $ 69,000 $ 49,000
Doddridge 136 $ 11,325,000 $ 83,000 $ 47,000
Fayette 1,141 $ 91,683,000 $ 80,000 $ 53,000
Gilmer 107 $ 11,302,000 $ 105,000 $ 56,000
Grant 357 $ 42,314,000 $ 118,000 $ 66,000
Greenbrier 1,173 $ 195,616,000 $ 166,000 $ 82,000
Hampshire 939 $ 125,454,000 $ 133,000 $ 65,000
Hancock 842 $ 78,007,000 $ 92,000 $ 78,000
Hardy 538 $ 70,585,000 $ 131,000 $ 73,000
Harrison 2,173 $ 311,478,000 $ 143,000 $ 67,000
Jackson 935 $ 103,932,000 $ 111,000 $ 63,000
Jefferson 3,621 $ 784,807,000 $ 216,000 $ 83,000
Kanawha 6,493 $ 872,265,000 $ 134,000 $ 72,000
Lewis 516 $ 53,821,000 $ 104,000 $ 60,000
Lincoln 532 $ 45,426,000 $ 85,000 $ 54,000
Logan 598 $ 52,709,000 $ 88,000 $ 60,000
Marion 2,044 $ 266,723,000 $ 130,000 $ 62,000
Marshall 801 $ 79,004,000 $ 98,000 $ 59,000
Mason 736 $ 68,269,000 $ 92,000 $ 57,000
McDowell 182 $ 7,327,000 $ 40,000 $ 49,000
Mercer 1,446 $ 143,921,000 $ 99,000 $ 56,000
Mineral 938 $ 118,711,000 $ 126,000 $ 64,000
Mingo 410 $ 26,139,000 $ 63,000 $ 51,000
Monongalia 3,735 $ 761,003,000 $ 203,000 $ 91,000
Monroe 349 $ 35,166,000 $ 100,000 $ 54,000
Morgan 843 $ 117,315,000 $ 139,000 $ 69,000
Nicholas 674 $ 61,361,000 $ 91,000 $ 54,000
Ohio 1,113 $ 153,538,000 $ 137,000 $ 74,000
Pendleton 163 $ 17,264,000 $ 105,000 $ 57,000
Pleasants 146 $ 17,285,000 $ 118,000 $ 61,000
Pocahontas 272 $ 33,376,000 $ 122,000 $ 95,000
Preston 1,039 $ 140,356,000 $ 135,000 $ 65,000
Putnam 2,978 $ 473,196,000 $ 158,000 $ 80,000
Raleigh 2,474 $ 272,502,000 $ 110,000 $ 65,000
Randolph 531 $ 61,055,000 $ 114,000 $ 58,000
Ritchie 162 $ 17,678,000 $ 109,000 $ 57,000
Roane 366 $ 37,398,000 $ 102,000 $ 55,000
Summers 332 $ 29,458,000 $ 88,000 $ 60,000
Taylor 470 $ 65,104,000 $ 138,000 $ 71,000
Tucker 216 $ 30,244,000 $ 140,000 $ 108,000
Tyler 123 $ 10,955,000 $ 89,000 $ 55,000
Upshur 636 $ 74,300,000 $ 116,000 $ 65,000
Wayne 1,071 $ 108,838,000 $ 101,000 $ 57,000
Webster 162 $ 11,775,000 $ 72,000 $ 54,000
Wetzel 303 $ 27,142,000 $ 89,000 $ 54,000
Wirt 175 $ 16,113,000 $ 92,000 $ 60,000
Wood 2,633 $ 342,877,000 $ 130,000 $ 67,000
Wyoming 270 $ 17,479,000 $ 64,000 $ 52,000
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