Madison County MS
Mortgage Loan Application
Totals and Details
for 2020
Find mortgage statistics and lending data for the Madison County MS 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 Madison County MS, 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 | 9,940 |
| Total Mortgage Loan Application Amount | $2,559,120,000 |
| Average Mortgage Loan Application Amount | $257,000 |
| Highest Mortgage Loan Application Amount | $3,755,000 |
| Average Applicant Income | $146,000 |
| Highest Applicant Income | $2,592,000 |
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 Madison County MS in 2020
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 | 4,419 | $1,181,385,000 | $267,000 | $2,425,000 | $156,000 | $2,592,000 |
| Home Purchase | 3,725 | $1,011,675,000 | $271,000 | $3,755,000 | $127,000 | $2,124,000 |
| Cash-out Refinancing | 954 | $268,630,000 | $281,000 | $1,245,000 | $165,000 | $2,388,000 |
| Other Purpose | 452 | $50,430,000 | $111,000 | $1,205,000 | $168,000 | $1,812,000 |
| Not Applicable | 199 | $29,725,000 | $149,000 | $515,000 | $26,000 | $26,000 |
| Home Improvement | 191 | $17,275,000 | $90,000 | $505,000 | $149,000 | $1,080,000 |
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 | 6,296 | $1,690,560,000 | $268,000 | $2,425,000 | $154,000 | $2,592,000 |
| Black or African American | 1,451 | $309,045,000 | $212,000 | $3,755,000 | $99,000 | $1,900,000 |
| Not applicable | 912 | $219,470,000 | $240,000 | $2,085,000 | $144,000 | $1,150,000 |
| Not Provided | 835 | $221,925,000 | $265,000 | $1,445,000 | $147,000 | $1,896,000 |
| Asian | 216 | $58,000,000 | $268,000 | $1,245,000 | $174,000 | $1,171,000 |
| Hispanic | 150 | $35,830,000 | $238,000 | $805,000 | $131,000 | $1,815,000 |
| American Indian or Alaskan Native | 21 | $4,865,000 | $231,000 | $995,000 | $118,000 | $394,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,160,000 | $290,000 | $525,000 | $105,000 | $182,000 |
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) | 7,614 | $2,010,630,000 | $264,000 | $3,755,000 | $158,000 | $2,592,000 |
| FHA-insured (Federal Housing Administration) | 1,178 | $234,170,000 | $198,000 | $335,000 | $73,000 | $375,000 |
| VA-guaranteed (Veterans Administration) | 850 | $250,630,000 | $294,000 | $1,075,000 | $101,000 | $1,076,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 298 | $63,690,000 | $213,000 | $405,000 | $61,000 | $297,000 |
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 | 6,016 | $1,586,580,000 | $263,000 | $2,425,000 | $151,000 | $2,592,000 |
| Loan Purchased By The Institution | 1,309 | $354,655,000 | $270,000 | $1,595,000 | $155,000 | $1,896,000 |
| Application Withdrawn By Applicant | 1,091 | $297,995,000 | $273,000 | $3,755,000 | $138,000 | $1,900,000 |
| Application Denied By Financial Institution | 859 | $162,325,000 | $188,000 | $1,205,000 | $112,000 | $2,160,000 |
| Application Approved But Not Accepted | 359 | $86,015,000 | $239,000 | $1,235,000 | $172,000 | $1,783,000 |
| File Closed For Incompleteness | 305 | $71,415,000 | $234,000 | $1,235,000 | $112,000 | $800,000 |
| Preapproval Approved but not Accepted | 1 | $135,000 | $135,000 | $135,000 | $41,000 | $41,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 9,006 | $2,377,720,000 | $264,000 | $3,755,000 | $149,000 | $2,592,000 |
| Debt-To-Income Ratio | 308 | $63,500,000 | $206,000 | $1,255,000 | $96,000 | $778,000 |
| Credit History | 274 | $41,200,000 | $150,000 | $845,000 | $109,000 | $1,700,000 |
| Credit Application Incomplete | 110 | $26,060,000 | $236,000 | $635,000 | $146,000 | $1,199,000 |
| Collateral | 96 | $17,120,000 | $178,000 | $1,205,000 | $149,000 | $1,740,000 |
| Other | 75 | $18,085,000 | $241,000 | $805,000 | $141,000 | $1,445,000 |
| Unverifiable Information | 37 | $7,385,000 | $199,000 | $705,000 | $153,000 | $2,160,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 19 | $4,395,000 | $231,000 | $645,000 | $171,000 | $1,389,000 |
| Employment History | 15 | $3,655,000 | $243,000 | $405,000 | $95,000 | $300,000 |
| 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 Mississippi, and search similar information back through 2003.