Covington County AL
Mortgage Loan Application
Totals and Details
for 2003

Find mortgage statistics and lending data for the Covington County AL metro area.
With the lists below, you can explore the total number of mortgage applications and mortgage lending details for 2003-2022.
We provide overall totals and averages for each year, as well as numbers for the highest application amount and the highest applicant income.
If you live near Covington County AL, this may help give you an idea of what you might find when you begin your mortgage research. Use the mortgage lender list and statistics below to gain valuable insights.

Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,480
Total Mortgage Loan Application Amount $166,677,000
Average Mortgage Loan Application Amount $67,000
Highest Mortgage Loan Application Amount $476,000
Average Applicant Income $50,000
Highest Applicant Income $1,440,000

Mortgage Company List for Lending in Covington County AL for 2003

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
SOUTH TRUST BANK
1 METROPLEX DR, SUITE 500
HOMEWOOD, AL 35209
* $ 50,569,489,000 346 $ 18,437,000
REGIONS BANK
1900 5TH AVENUE N - ALBH10903B
BIRMINGHAM, AL 35203
* $ 44,835,341,000 221 $ 14,209,000
THE BANK
17 NORTH 20TH STREET
BIRMINGHAM, AL 35203
* $ 1,394,036,000 165 $ 8,747,000
AMERIQUEST MORTGAGE COMPANY
1100 TOWN & COUNTRY ROAD
ORANGE, CA 92868
* $ 10,000,000 159 $ 14,729,000
CITIFINANCIAL CORPORATION
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,097,190,000,000 159 $ 6,856,000
COUNTRYWIDE HOME LOANS
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 58,034,697,000 149 $ 14,371,000
COLONIAL BANK, N.A.
PO BOX 1108 - CORPORATE COMPLIANCE
MONTGOMERY, AL 36101
* $ 15,804,784,000 118 $ 6,461,000
SOUTH TRUST MORTGAGE
1 METROPLEX DR, SUITE 500
HOMEWOOD, AL 35209
* $ 50,569,489,000 115 $ 10,108,000
GMAC MORTGAGE LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 73 $ 5,171,000
CHASE MANHATTAN MORTGAGE CORP
343 THORNALL STREET
EDISON, NJ 08837
* $ 622,388,000,000 61 $ 5,156,000
HFC
140 INDUSTRIAL DRIVE
ELMHURST, IL 60126
* $ 10,000,000 56 $ 2,994,000
WELLS FARGO HOME MORTGAGE
1 HOME CAMPUS, X9902-1R
DES MOINES, IA 50328
* $ 35,000,000,000 48 $ 4,268,000
E-LOAN, INC.
6230 STONERIDGE MALL ROAD
PLEASANTON, CA 94588
* $ 10,000,000 38 $ 1,918,000
WASHINGTON MUTUAL BANK
227 EAST AVENUE
ALBION, NY 14411
* $ 236,422,336,000 35 $ 3,202,000
HOMEOWNERS LOAN CORPORATION
4501 CIRCLE 75 PARKWAY, SUITE D-4300
ATLANTA, GA 30339
* $ 1,840,459,615,000 32 $ 1,778,000
GMFS, LLC
7389 FLORIDA BLVD, STE 200-A
BATON ROUGE, LA 70806
* $ 10,000,000 27 $ 2,098,000
WELLS FARGO FIN'L ALABAMA, INC
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 19,219,195,000 27 $ 1,416,000
PHH MORTGAGE CORPORATION
1 MORTGAGE WAY
MT LAUREL, NJ 08054
* $ 31,000,000 26 $ 1,583,000
CHASE MANHATTAN BANK USA, NA
200 WHITE CLAY CENTER DR
NEWARK, DE 19711
* $ 32,738,033,000 24 $ 878,000
ACCEPTANCE LOAN COMPANY
121 WEST CHURCH STREET
JACKSON, AL 36545
* $ 70,000,000 23 $ 687,000
RESIDENTIAL FUNDING CORP. LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 10,000,000 23 $ 1,635,000
THE MORTGAGE OUTLET, INC.
1800 SANDY PLAINS PKWY. SUITE 304
MARIETTA, GA 30066
* $ 10,000,000 21 $ 1,244,000
ORIGEN FINANCIAL SERVICES LLC
27777 FRANKLIN ROAD SUITE 1710
SOUTHFIELD, MI 48034
* $ 10,000,000 21 $ 713,000
VANDERBILT MORTGAGE
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ 31,000,000 18 $ 680,000
AURORA BANK FSB
1271 SIXTH AVENUE, 46TH FLOOR
NEW YORK, NY 10020
* $ 11,370,323,000 18 $ 931,000
BANK ONE, NA
45303 VAN DYKE SUITE 9048
UTICA, MI 48317
* $ 53,001,000,000 17 $ 810,000
CITIFINANCIAL MORTGAGE COMPANY
1111 NORTHPOINT DRIVE
COPPELL, TX 75019
* $ 1,097,190,000,000 17 $ 1,173,000
PRINCIPAL RESIDENTIAL MORTGAGE
ONE COURT SQUARE, 45TH FLOOR
LONG ISLAND CITY, NY 11120
* $ 10,000,000 17 $ 1,404,000
MBNA AMERICA DELAWARE, N.A.
200 N COLLEGE ST NC1-004-04-13
CHARLOTTE, NC 28255
* $ 1,708,852,000 14 $ 446,000
BBVA USA
15 SOUTH 20TH STREET
BIRMINGHAM, AL 35233
* $ 23,894,865,000 14 $ 771,000
DECISION ONE MORTGAGE
6060 J.A. JONES DRIVE
CHARLOTTE, NC 28287
* $ 10,000,000 13 $ 1,038,000
WELLS FARGO FUNDING, INC
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 13 $ 1,312,000
CAPITAL ONE NA
11130 INDUSTRIALPLEX BLVD
BATON ROUGE, LA 70809
* $ 17,342,936,000 12 $ 821,000
ABN AMRO MTG GROUP INC
850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022
* $ 250,000,000 10 $ 1,096,000
FRANKLIN AMERICAN MORTGAGE CO
501 CORPORATE CENTRE DRIVE, SUITE 400
FRANKLIN, TN 37067
* $ 10,000,000 10 $ 1,140,000
SYNOVUS MORTGAGE CORPORATION
2204 LAKESHORE DRIVE SUITE 325
BIRMINGHAM, AL 35209
* $ 473,030,000 10 $ 851,000
MIDFIRST BANK
501 NW GRAND BLVD.
OKLAHOMA CITY, OK 73118
* $ 8,575,434,000 10 $ 492,000
MORTGAGE INVESTORS CORP
6090 CENTRAL AVE
ST. PETERSBURG, FL 33707
* $ 10,000,000 10 $ 684,000
NATIONAL CITY MORTGAGE CORPORA
1900 E9TH STREET LOCATOR 01-3013
CLEVELAND, OH 44114
* $ 12,000,000,000 10 $ 725,000
MERITAGE MORTGAGE CORP.
7215 FINANCIAL WAY
JACKSONVILLE, FL 32256
* $ 10,000,000 9 $ 394,000
CRESCENT BANK & TRUST
P.O. BOX 2020
JASPER, GA 30143
* $ 341,607,000 9 $ 927,000
21ST MORTGAGE CORPORATION
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 9 $ 169,000
BANK OF AMERICA, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 565,382,000,000 8 $ 718,000
FIRST RESIDENTIAL MORTGAGE
9721 ORMSBY STATION RD.
LOUISVILLE, KY 40223
* $ 10,000,000 8 $ 817,000
H&R BLOCK MORTGAGE CORPORATION
6501 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 10,000,000 8 $ 503,000
HOMECOMINGS FINANCIAL LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 10,000,000 7 $ 471,000
INDYMAC BANK, F.S.B.
888 EAST WALNUT ST
PASADENA, CA 91101
* $ 9,508,220,000 7 $ 839,000
NEW CENTURY MORTGAGE CORPORATI
18400 VON KARMAN AVE., SUITE 1000
IRVINE, CA 92612
* $ 10,000,000 7 $ 631,000
OPTION ONE MORTGAGE CORP
6501 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 10,000,000 7 $ 507,000
FIRST GUARANTY MORTGAGE CORPORATION
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 7 $ 764,000
AIG FEDERAL SAVINGS BANK
600 N KING STREET, SUITE 2
WILMINGTON, DE 19801
* $ 879,740,000 7 $ 715,000
NEW SOUTH FEDERAL SAVINGS BANK
1900 CRESTWOOD BOULEVARD
BIRMINGHAM, AL 35210
* $ 1,316,308,000 6 $ 424,000
NEXSTAR FINANCIAL CORPORATION
19 RESEARCH PARK COURT
ST. CHARLES, MO 63304
* $ 10,000,000 6 $ 557,000
UNION PLANTERS BANK
P.O. BOX 10247
BIRMINGHAM, AL 35202
* $ 33,756,573,000 6 $ 531,000
RBMG, INC
7215 FINANCIAL WAY
JACKSONVILLE, FL 32256
* $ 3,000,000,000 6 $ 502,000
TAYLOR, BEAN & WHITAKER
315 NE 14TH STREET
OCALA, FL 34470
* $ 10,000,000 5 $ 432,000
TRANSLAND FINANCIAL SERVICES
2701 MAITLAND CENTER PARKWAY, STE 300
MAITLAND, FL 32751
* $ 10,000,000 5 $ 398,000
PEOPLES BANK & TRUST CO
310 BROAD STREET
SELMA, AL 36701
* $ 739,873,000 5 $ 65,000
MORTGAGE LENDERS NETWORK USA
213 COURT STREET
MIDDLETOWN, CT 06457
* $ 10,000,000 5 $ 380,000
GMAC BANK
4 WALNUT GROVE
HORSHAM, PA 19044
* $ 2,448,525,000 5 $ 291,000
AMSOUTH BANK
P.O. BOX 11007 - AC-10
BIRMINGHAM, AL 35288
* $ 40,569,048,000 5 $ 553,000
EMMCO, LLC
113 REED AVENUE
LEXINGTON, SC 29072
* $ 10,000,000 5 $ 350,000
CITIMORTGAGE, INC
1 COURT SQUARE, 45TH FLOOR, ZONE 15
LONG ISLAND CITY, NY 11120
* $ 281,018,000,000 5 $ 522,000
EQUIFIRST CORPORATION
13000 S TRYON ST, STE F, PMB 317
CHARLOTTE, NC 28278
* $ 44,835,341,000 4 $ 364,000
FLAGSTAR BANK
5151 CORPORATE DR
TROY, MI 48098
* $ 8,190,484,000 4 $ 314,000
CITIBANK, FSB
850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022
* $ 23,205,467,000 4 $ 434,000
LONG BEACH MORTGAGE CO.
227 EAST AVENUE
ALBION, NY 14411
* $ 10,000,000 4 $ 442,000
PERIMETER MORTGAGE FUNDING COR
1770 INDIAN TRAIL RD SUITE 400
NORCROSS, GA 30093
* $ 10,000,000 4 $ 475,000
STATE FARM BANK
1 STATE FARM PLAZA
BLOOMINGTON, IL 61710
* $ 4,586,886,000 4 $ 239,000
WATERMARK FINANCIAL PARTNERS
4582 S ULSTER ST, SUITE 300
DENVER, CO 80237
* $ 10,000,000 3 $ 249,000
GREENLIGHT FINANCIAL SERVICES
18200 VON KARMAN STE #300
IRVINE, CA 92612
* $ 10,000,000 3 $ 182,000
GREENPOINT CREDIT, LLC
10089 WILLOW CREEK
SAN DIEGO, CA 92131
* $ 12,500,000,000 3 $ 53,000
CHAMPION ENTERPRISE
10801 MASTIN DRIVE
OVERLAND PARK, KS 66210
* $ 10,000,000 3 $ 113,000
ARGENT MORTGAGE COMPANY
1100 TOWN & COUNTRY
ORANGE, CA 92868
* $ 10,000,000 3 $ 173,000
FIRST CHOICE FUNDING, INC.
2100 RIVERCHASE CENTER STE 100
BIRMINGHAM, AL 35244
* $ 10,000,000 3 $ 179,000
CTX MORTGAGE COMPANY, LLC
1603 LBJ FREEWAY FL 6
DALLAS, TX 75234
* $ 31,000,000 3 $ 155,000
CUNA MUTUAL MORTGAGE CORPORATI
2908 MARKETPLACE DRIVE SUITE 100
MADISON, WI 53719
* $ 10,000,000 3 $ 222,000
CONSECO BANK, INC.
2825 E. COTTONWOOD PARKWAY, SUITE 230
SALT LAKE CITY, UT 84121
* $ 3,042,016,000 2 $ 115,000
CORINTHIAN MORTGAGE CORP
5750 W 95TH STREET, SUITE 155
OVERLAND PARK, KS 66207
* $ 341,661,000 2 $ 82,000
FIRST GULF BANK
1821 N. MCKINSEY STREET
FOLEY, AL 36535
* $ 218,568,000 2 $ 143,000
FIRST HORIZON HOME LOAN CORP
4000 HORIZON WAY
IRVING, TX 75063
* $ 1,446,000,000 2 $ 184,000
FIRST NATIONAL ACCEPTANCE COMPANY
241 EAST SAGINAW/P.O. BOX 980
EAST LANSING, MI 48826
* $ 10,498,000 2 $ 38,000
BENEFICIAL
140 INDUSTRIAL DRIVE
ELMHURST, IL 60126
* $ 10,000,000 2 $ 157,000
IRWIN MORTGAGE CORPORATION
10500 KINCAID DRIVE
FISHERS, IN 47037
* $ 4,567,878,000 2 $ 196,000
ALLIED HOME MTG CAPITAL CORP
6110 PINEMONT DR., STE. 215
HOUSTON, TX 77092
* $ 10,000,000 2 $ 180,000
ACCESS MORTGAGE CORPORATION
13331 US HIGHWAY 98 WEST, SUITE 300
MIRAMAR BEACH, FL 32550
* $ 10,000,000 2 $ 216,000
GREATER ATLANTIC MORTGAGE CORP
8230 OLD COURTHOUSE ROAD S520
VIENNA, VA 22182
* $ 117,754,000 2 $ 236,000
GREEN TREE SERVICING LLC
345 ST. PETER STREET
ST. PAUL, MN 55102
* $ 31,000,000 2 $ 250,000
ING BANK, FSB
1 SOUTH ORANGE STREET
WILMINGTON, DE 19801
* $ 11,903,989,000 2 $ 79,000
PEOPLES COMMUNITY BANK
P.O. BOX 218
COLQUITT, GA 39837
* $ 164,985,000 2 $ 88,000
OAKWOOD ACCEPTANCE CORPORATION
7800 MCCLOUD ROAD
GREENSBORO, NC 27409
* $ 10,000,000 2 $ 100,000
NFCU
820 FOLLIN LANE
VIENNA, VA 22180
* $ 17,573,420,000 2 $ 85,000
WHITNEY NATIONAL BANK
400 LABARRE ROAD, 3RD FLOOR
JEFFERSON, LA 70121
* $ 7,127,712,000 2 $ 78,000
WRIGHT EXPERSS FSC
3995 SOUTH 700 EAST, SUITE 450
SALT LAKE CITY, UT 84107
* $ 253,533,000 2 $ 79,000
USAA FEDERAL SAVINGS BANK
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 12,348,756,000 2 $ 96,000
SLM FINANCIAL CORPORATION
300 CONTINENTAL DRIVE
NEWARK, DE 19713
* $ 10,000,000 2 $ 8,000
UNITED BANK
PO BOX 8
ATMORE, AL 36504
* $ 231,055,000 2 $ 92,000
VANGUARD BANK AND TRUST
23 S JOHN SIMS PARKWAY
VALPARAISO, FL 32580
* $ 487,739,000 2 $ 203,000
UNITED MEDICAL BANK
800 KING FARM BLVD
ROCKVILLE, MD 20850
* $ 66,824,000 1 $ 130,000
PROVIDENT BANK
1900 E 9TH STREET LOCATOR 01-3013
CLEVELAND, OH 44114
* $ 17,521,326,000 1 $ 75,000
WELLS FARGO BANK, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 183,712,000,000 1 $ 64,000
NOVASTAR HOME MORTGAGE, INC.
8140 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 10,000,000 1 $ 78,000
MORTGAGEAMERICA, INC.
1800 INTERNATIONAL PARK DR, SUITE 100
BIRMINGHAM, AL 35243
* $ 10,000,000 1 $ 204,000
MORTGAGE IT INC
60 WALL ST
NEW YORK, NY 10005
* $ 10,000,000 1 $ 116,000
MSDW CREDIT CORPORATION
2500 LAKE COOK RD
RIVERWOODS, IL 60015
* $ 10,000,000 1 $ 50,000
HOMETOWN MORTGAGE SERVICES INC
5511 HWY 280 E STE 210
BIRMINGHAM, AL 35242
* $ 10,000,000 1 $ 110,000
HSBC MORTGAGE CORPORATION
ONE HSBC CENTER
BUFFALO, NY 14203
* $ 86,415,769,000 1 $ 130,000
MARKET STREET MORTGAGE CORP
2650 MCCORMICK DR, SUITE 200
CLEARWATER, FL 33759
* $ 335,650,000 1 $ 107,000
MAX FEDERAL CREDIT UNION
400 EASTDALE CIRCLE
MONTGOMERY, AL 36117
* $ 550,793,000 1 $ 33,000
HOMEBOUND MORTGAGE
150 WATER TOWER CIR
COLCHESTER, VT 05446
* $ 10,000,000 1 $ 35,000
HAMILTON MORTGAGE
1 INDEPENDENCE PLAZA, SUITE 416
BIRMINGHAM, AL 35209
* $ 10,000,000 1 $ 35,000
ACCREDITED HOME LENDERS, INC
15253 AVENUE OF SCIENCE BLDG 1
SAN DIEGO, CA 92128
* $ 10,000,000 1 $ 67,000
AGRICULTURAL MORTGAGE COMPANY
2209 RIVER ROAD
LOUISVILLE, KY 40206
* $ 10,000,000 1 $ 114,000
AMERICAN HOME MORTGAGE CORP.
538 BROADHOLLOW RD
MELVILLE, NY 11747
* $ 10,000,000 1 $ 52,000
AMERICAN MORTGAGE EXPRESS CORP
136 GAITHER DRIVE
MOUNT LAUREL, NJ 08054
* $ 10,000,000 1 $ 100,000
AMERICAPITAL FUNDING CORP
3601 LORNA RIDGE DRIVE
HOOVER, AL 35216
* $ 10,000,000 1 $ 93,000
IRWIN UNION BANK
500 WASHINGTON ST
COLUMBUS, IN 47201
* $ 4,567,878,000 1 $ 58,000
LASALLE BANK NA
135 SOUTH LASALLE STREET, STE 2325
CHICAGO, IL 60603
* $ 57,441,766,000 1 $ 103,000
LIBERTY MORTGAGE CORPORATION
2713 FOREST HILLS RD
WILSON, NC 27893
* $ 43,553,752,000 1 $ 104,000
LOANSTREAM, INC.
6000 LEGACY DRIVE
PLANO, TX 75024
* $ 5,478,710,000 1 $ 73,000
1ST CHOICE MORTGAGE/EQUITY COR
1021 BRIARGATE CIRCLE
COLUMBIA, SC 29210
* $ 10,000,000 1 $ 73,000
BEST RATE FUNDING CORP
2 MAC ARTHUR PLACE, STE. 800
SANTA ANA, CA 92707
* $ 10,000,000 1 $ 77,000
BRANCH BANKING AND TRUST CO
223 W NASH STREET
WILSON, NC 27893
* $ 65,629,555,000 1 $ 104,000
ALL IN
238 VIRGINIA AVENUE
DALEVILLE, AL 36322
* $ 455,986,000 1 $ 9,000
APCO EMPLOYEES
750 17TH STREET NORTH
BIRMINGHAM, AL 35203
* $ 979,735,000 1 $ 70,000
BANK OF BLUE VALLEY
11935 RILEY
OVERLAND PARK, KS 66213
* $ 597,854,000 1 $ 116,000
CASTLE MORTGAGE CORPORATION
701 MONTGOMERY HWY SOUTH SUITE 203
VESTAVIA HILLS, AL 35216
* $ 10,000,000 1 $ 145,000
CENTRAL PACFIC MORTGAGE
950 IRON POINT RD SUITE 200
FOLSOM, CA 95630
* $ 31,000,000 1 $ 72,000
FIRST NATIONAL BANK OF ARIZONA
17600 NORTH PERIMETER DRIVE
SCOTTSDALE, AZ 85255
* $ 728,315,000 1 $ 118,000
FIRST NNATIONAL BANK OF CRESTV
1301 INDUSTRIAL DRIVE / P.O. BOX 1119
CRESTVIEW, FL 32539
* $ 207,725,000 1 $ 130,000
FIRST NATIONAL BANK OF FLORIDA
6512 CAROLINE STREET
MILTON, FL 32570
* $ 356,251,000 1 $ 51,000
FIRST NATIONAL BANK & TRUST
P.O. BOX 1327
FORT WALTON BEACH, FL 32549
* $ 327,344,000 1 $ 69,000
FIRST FRANKLIN FINANCIAL CORP.
2150 NORTH FIRST STREET
SAN JOSE, CA 95131
* $ 592,000,000 1 $ 24,000
DIVERSIFIED CAPITAL COR OF TN
3350 PLAYERS CLUB PKWY #110
MEMPHIS, TN 38125
* $ 10,000,000 1 $ 62,000
FLORIDA BANK, N. A.
151 CORLEY MILL ROAD
LEXINGTON, SC 29072
* $ 749,141,000 1 $ 130,000
FULL SPECTRUM LENDING
35 N. LAKE AVENUE MS 55-11
PASADENA, CA 91101
* $ 58,034,697,000 1 $ 156,000
COMMERCIAL FEDERAL BANK
11207 WEST DODGE ROAD 2ND FL
OMAHA, NE 68154
* $ 13,094,324,000 1 $ 93,000
CITIZENS BANK
PO BOX 1900
ELIZABETHTON, TN 37644
* $ 536,274,000 1 $ 38,000
CRESCENT MORTGAGE COMPANY
115 PERIMETER CENTER PLACE STE 285
ATLANTA, GA 30346
* $ 561,042,000 1 $ 130,000
FIRST BANK OF GEORGIA
2743 PERIMETER PKWY BLD 100, SUITE 100
AUGUSTA, GA 30909
* $ 257,250,000 1 $ 63,000

The HDMA data totals below provide details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicants, loan type, the outcome of the application, and reason for denial. Each category breaks down the total number of mortgage applications and the total dollar amount for those applications. You can search and sort the totals by the average mortgage amount, the highest mortgage within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants. If you are looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Mortgage Loan Application Detail Totals for Covington County AL in 2003

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 (home purchase or home improvement, one-to-four family) 1,687 $127,152,000 $75,000 $476,000 $55,000 $1,440,000
Home Purchase (one-to-four family) 598 $35,138,000 $58,000 $285,000 $45,000 $498,000
Home Improvement (one-to-four family) 195 $4,387,000 $22,000 $150,000 $39,000 $301,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0

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 1,828 $122,613,000 $67,000 $476,000 $54,000 $1,440,000
Information not provided by applicant in mail or telephone application 358 $26,546,000 $74,000 $340,000 $52,000 $1,000,000
Black 147 $6,055,000 $41,000 $167,000 $34,000 $181,000
Not applicable 90 $6,640,000 $73,000 $192,000 $4,000 $126,000
Other 40 $3,460,000 $86,000 $217,000 $79,000 $900,000
American Indian or Alaskan Native 10 $805,000 $80,000 $200,000 $79,000 $182,000
Hispanic 6 $525,000 $87,000 $165,000 $50,000 $132,000
Asian or Pacific Islander 1 $33,000 $33,000 $33,000 $18,000 $18,000

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) 2,366 $158,644,000 $67,000 $476,000 $53,000 $1,440,000
FHA-insured (Federal Housing Administration) 73 $4,930,000 $67,000 $142,000 $26,000 $72,000
VA-guaranteed (Veterans Administration) 35 $2,723,000 $77,000 $142,000 $30,000 $180,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $380,000 $63,000 $76,000 $25,000 $36,000

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 1,041 $70,139,000 $67,000 $476,000 $56,000 $498,000
Application Denied By Financial Institution 615 $32,533,000 $52,000 $275,000 $46,000 $888,000
Loan Purchased By The Institution 359 $30,267,000 $84,000 $295,000 $31,000 $309,000
Application Withdrawn By Applicant 235 $18,686,000 $79,000 $340,000 $52,000 $1,000,000
Application Approved But Not Accepted 192 $12,280,000 $63,000 $312,000 $55,000 $285,000
File Closed For Incompleteness 38 $2,772,000 $72,000 $206,000 $96,000 $1,440,000

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
Credit History 192 $7,827,000 $40,000 $200,000 $41,000 $182,000
Other 64 $4,253,000 $66,000 $275,000 $62,000 $786,000
Debt-To-Income Ratio 43 $2,581,000 $60,000 $191,000 $36,000 $72,000
Collateral 30 $2,210,000 $73,000 $206,000 $51,000 $132,000
Credit Application Incomplete 27 $2,248,000 $83,000 $217,000 $60,000 $444,000
Employment History 4 $190,000 $47,000 $83,000 $18,000 $30,000
Insufficient Cash (Downpayment, Closing Cost) 4 $207,000 $51,000 $80,000 $31,000 $48,000
Unverifiable Information 3 $303,000 $101,000 $200,000 $46,000 $81,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

We hope these details for mortgage applications and lending statistics will give you a better idea of what to expect when applying for a mortgage. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. With this info, you know what to look for as you look for the best home mortgages available to you - no surprises later on down the line. These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender.

If you prefer, you can download a copy of the entire list of mortgage lenders in Alabama, and search similar information back through 2003.

Download the Alabama Lender List