Sandy Spring Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2011

Sandy Spring Bank 2011 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Sandy Spring Bank
6831 Benjamin Frankin Drive
Olney, MD 21046
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,576
Total Mortgage Loan Application Amount $698,381,000
Average Mortgage Loan Application Amount $422,333
Highest Mortgage Loan Application Amount $3,241,000
Average Applicant Income $206,666
Highest Applicant Income $2,532,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2011 with Sandy Spring Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Sandy Spring Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2011 breaks down Sandy Spring Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Sandy Spring Bank serves its applicants.

Each category highlights the total number of mortgage applications processed by Sandy Spring Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Sandy Spring Bank's mortgage activity for 2011.

Mortgage Loan Application Totals for Sandy Spring Bank by Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BETHESDA-ROCKVILLE-FREDERICK, MD 524 $ 223,538,000 $ 426,000 $ 193,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 503 $ 256,723,000 $ 369,750 $ 158,250
BALTIMORE-TOWSON, MD 484 $ 188,264,000 $ 388,000 $ 183,000
HAGERSTOWN-MARTINSBURG, MD-WV 4 $ 963,000 $ 254,500 $ 120,500
RICHMOND, VA 3 $ 1,784,000 $ 594,000 $ 255,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 3 $ 978,000 $ 326,000 $ 350,000
WILMINGTON, DE-MD-NJ 3 $ 606,000 $ 202,000 $ 94,000
CHARLOTTESVILLE, VA 2 $ 233,000 $ 116,000 $ 164,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 2 $ 350,000 $ 175,000 $ 896,000
COLORADO SPRINGS, CO 1 $ 20,000 $ 20,000 $ 1,000
NORTH PORT-BRADENTON-SARASOTA, FL 1 $ 1,500,000 $ 1,500,000 $ 2,467,000
PHILADELPHIA, PA 1 $ 400,000 $ 400,000 $ 63,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 1 $ 1,800,000 $ 1,800,000 $ 2,386,000
YORK-HANOVER, PA 1 $ 195,000 $ 195,000 $ 76,000

Mortgage Loan Application Detail Totals for Sandy Spring Bank in 2011

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 760 $392,394,000 $516,000 $2,963,000 $226,000 $2,100,000
Refinancing 683 $255,725,000 $374,000 $3,241,000 $188,000 $2,532,000
Home Improvement 133 $50,262,000 $377,000 $1,800,000 $206,000 $2,386,000

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 983 $414,345,000 $421,000 $2,850,000 $204,000 $2,467,000
Not Provided 366 $189,825,000 $518,000 $3,241,000 $245,000 $2,532,000
Asian 119 $60,041,000 $504,000 $1,343,000 $193,000 $867,000
Black or African American 47 $17,352,000 $369,000 $1,600,000 $159,000 $333,000
Hispanic 32 $10,949,000 $342,000 $1,020,000 $176,000 $1,214,000
Not applicable 23 $3,550,000 $154,000 $785,000 $22,000 $48,000
American Indian or Alaskan Native 4 $1,454,000 $363,000 $536,000 $89,000 $152,000
Native Hawaiian or Other Pacific Islander 2 $865,000 $432,000 $600,000 $212,000 $263,000

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) 1,437 $647,933,000 $450,000 $3,241,000 $215,000 $2,532,000
FHA-insured (Federal Housing Administration) 112 $38,683,000 $345,000 $739,000 $130,000 $675,000
VA-guaranteed (Veterans Administration) 27 $11,765,000 $435,000 $767,000 $148,000 $445,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 963 $418,860,000 $434,000 $2,963,000 $217,000 $2,386,000
Application Withdrawn By Applicant 359 $165,911,000 $462,000 $2,850,000 $208,000 $2,467,000
Application Denied By Financial Institution 151 $64,524,000 $427,000 $1,890,000 $141,000 $655,000
File Closed For Incompleteness 75 $38,612,000 $514,000 $1,900,000 $238,000 $1,486,000
Application Approved But Not Accepted 15 $8,855,000 $590,000 $3,241,000 $310,000 $2,532,000
Loan Purchased By The Institution 13 $1,619,000 $124,000 $201,000 $39,000 $48,000
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
Debt-To-Income Ratio 68 $27,769,000 $408,000 $1,887,000 $121,000 $655,000
Credit History 35 $15,931,000 $455,000 $1,600,000 $136,000 $331,000
Collateral 34 $14,010,000 $412,000 $965,000 $167,000 $419,000
Insufficient Cash (Downpayment, Closing Cost) 9 $2,972,000 $330,000 $662,000 $167,000 $332,000
Other 2 $759,000 $379,000 $739,000 $85,000 $170,000
Unverifiable Information 2 $2,443,000 $1,221,000 $1,890,000 $423,000 $637,000
Employment History 1 $640,000 $640,000 $640,000 $103,000 $103,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sandy Spring Bank's 2011 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Sandy Spring Bank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maryland, download the full spreadsheet with aggregated HMDA statistics today.

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