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Hawaii, Capitol Region Command Highest Loan Amounts

Average U.S. loan amount $222,262 during 2011

Dec. 29, 2011

By staff

While the average loan in President Barack Obama's home state is higher than any other state, the region he currently occupies includes two top-five titles.

The average U.S. loan amount last year was $222,262, according to LendingTree.

A separate report, the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily, indicates that the average U.S. loan size has gone from $197,992 as of the end of last year to $199,558 as of the end of last week. The index indicated that last year's highest average loan amount, $229,063, was reached during the week ended Sept. 23, while the lowest average was last week's $199,558. A final 2011 report will be issued Friday.

In LendingTree's report, Hawaii's average loan amount for all of last year was $667,299. It was the biggest average of any state. The Aloha State was Obama's original residence.

The president's current residence, Washington, D.C., had the second-highest average loan amount: $393,453. Washington topped the most recent Mortgage Market Index report with an average loan amount of $320,500.

Before moving to Washington, D.C., Obama lived in Illinois, where LendingTree's average loan amount last year was $211,902 -- not high enough to make the top-15 states.

LendingTree said New Jersey's $344,241 average loan amount last year landed it in the No. 3 spot. After that was $340,125 in New York.

Maryland, which is within commuting distance of the nation's capitol, had the fifth-highest average at $328,651.

At the bottom of LendingTree's list was Mississippi, where the average loan amount during 2011 was $137,182. Mississippi also finished last in the latest Mortgage Market Index report with an average loan amount of $127,530.

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