Sovereign Bank
Mortgage Loan Application
Totals and Details
for 2009

Find mortgage loan statistics, lending data, and loan application totals for Pennsylvania.
The mortgage statistics and data below are specific to mortgage loan applications for Sovereign Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Sovereign Bank
1130 Berkshire Boulevard
Wyomissing, PA 19610
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 43,233
Total Mortgage Loan Application Amount $10,159,456,000
Average Mortgage Loan Application Amount $190,000
Highest Mortgage Loan Application Amount $37,000,000
Average Applicant Income $91,666
Highest Applicant Income $7,469,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in PA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Sovereign Bank by Metropolitan Area in 2009

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
PHILADELPHIA, PA 4,822 $ 1,126,670,000 $ 233,000 $ 95,000
BOSTON-QUINCY, MA 3,930 $ 1,004,813,000 $ 255,000 $ 111,000
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 3,804 $ 751,556,000 $ 196,500 $ 87,500
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 3,214 $ 884,629,000 $ 275,000 $ 123,000
EDISON-NEW BRUNSWICK, NJ 2,704 $ 635,187,000 $ 234,000 $ 106,000
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 2,109 $ 855,125,000 $ 401,000 $ 105,500
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 1,480 $ 296,722,000 $ 200,000 $ 95,000
PEABODY, MA 1,448 $ 327,677,000 $ 226,000 $ 99,000
WORCESTER, MA 1,440 $ 294,158,000 $ 204,000 $ 99,000
READING, PA 1,358 $ 207,137,000 $ 152,000 $ 75,000
NEWARK-UNION, NJ-PA 1,329 $ 351,363,000 $ 200,500 $ 115,000
ALBANY-SCHENECTADY-TROY, NY 1,193 $ 212,741,000 $ 178,000 $ 86,000
BARNSTABLE TOWN, MA 1,017 $ 238,505,000 $ 234,000 $ 119,000
LANCASTER, PA 907 $ 144,913,000 $ 159,000 $ 76,000
HARRISBURG-CARLISLE, PA 865 $ 161,041,000 $ 186,000 $ 82,000
YORK-HANOVER, PA 711 $ 103,446,000 $ 145,000 $ 75,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 561 $ 117,102,000 $ 208,000 $ 98,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 553 $ 96,171,000 $ 206,000 $ 99,000
CAMDEN, NJ 455 $ 122,152,000 $ 268,000 $ 96,000
SPRINGFIELD, MA 431 $ 71,456,000 $ 165,000 $ 68,000
BUFFALO-NIAGARA FALLS, NY 412 $ 56,751,000 $ 137,000 $ 78,000
MANCHESTER-NASHUA, NH 410 $ 84,717,000 $ 206,000 $ 96,000
WILLIAMSPORT, PA 395 $ 45,480,000 $ 115,000 $ 68,000
NEW HAVEN-MILFORD, CT 394 $ 78,060,000 $ 198,000 $ 92,000
TRENTON-EWING, NJ 355 $ 74,400,000 $ 209,000 $ 107,000
BRIDGEPORT-STAMFORD-NORWALK, CT 284 $ 89,951,000 $ 316,000 $ 161,000
LEBANON, PA 281 $ 42,328,000 $ 150,000 $ 68,000
NASSAU-SUFFOLK, NY 250 $ 72,879,000 $ 291,000 $ 114,000
BALTIMORE-TOWSON, MD 225 $ 63,880,000 $ 283,000 $ 97,000
GLENS FALLS, NY 216 $ 32,531,000 $ 150,000 $ 88,000
WILMINGTON, DE-MD-NJ 214 $ 41,471,000 $ 202,000 $ 88,666
ROCHESTER, NY 186 $ 27,037,000 $ 145,000 $ 85,000
EVANSVILLE, IN-KY 177 $ 27,010,000 $ 152,000 $ 94,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 175 $ 69,601,000 $ 405,000 $ 118,000
SCRANTON--WILKES-BARRE, PA 161 $ 21,858,000 $ 135,000 $ 61,000
OCEAN CITY, NJ 155 $ 42,656,000 $ 275,000 $ 171,000
BURLINGTON-SOUTH BURLINGTON, VT 137 $ 29,949,000 $ 218,000 $ 89,000
ST. LOUIS, MO-IL 123 $ 23,467,000 $ 252,000 $ 256,500
BETHESDA-FREDERICK-ROCKVILLE, MD 117 $ 47,746,000 $ 408,000 $ 143,000
PITTSBURGH, PA 116 $ 23,563,000 $ 203,000 $ 84,000
CHICAGO-NAPERVILLE-JOLIET, IL 103 $ 78,785,000 $ 764,000 $ 84,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 102 $ 21,371,000 $ 209,000 $ 112,000
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME 101 $ 22,445,000 $ 222,000 $ 129,000
ATLANTIC CITY-HAMMONTON, NJ 88 $ 20,954,000 $ 238,000 $ 182,000
STATE COLLEGE, PA 74 $ 11,010,000 $ 148,000 $ 84,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 73 $ 182,958,000 $ 2,506,000 $ 0
HAGERSTOWN-MARTINSBURG, MD-WV 61 $ 9,768,000 $ 151,500 $ 59,500
NORWICH-NEW LONDON, CT 60 $ 12,554,000 $ 209,000 $ 113,000
KINGSTON, NY 55 $ 9,992,000 $ 181,000 $ 77,000
BINGHAMTON, NY 48 $ 6,185,000 $ 128,000 $ 68,000
KANSAS CITY, MO-KS 48 $ 8,315,000 $ 172,500 $ 97,500
UTICA-ROME, NY 45 $ 5,164,000 $ 114,000 $ 62,000
PITTSFIELD, MA 33 $ 7,128,000 $ 216,000 $ 170,000
SYRACUSE, NY 29 $ 3,416,000 $ 117,000 $ 69,000
DENVER-AURORA-BROOMFIELD, CO 27 $ 5,873,000 $ 217,000 $ 95,000
RICHMOND, VA 25 $ 14,713,000 $ 588,000 $ 56,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 22 $ 4,417,000 $ 200,000 $ 42,000
GARY, IN 18 $ 2,595,000 $ 144,000 $ 71,000
INDIANAPOLIS-CARMEL, IN 15 $ 2,572,000 $ 171,000 $ 72,000
RALEIGH-CARY, NC 15 $ 3,034,000 $ 202,000 $ 96,000
COLUMBUS, OH 14 $ 2,773,000 $ 198,000 $ 125,000
CHARLOTTE-GASTONIA-CONCORD, NC-SC 13 $ 1,921,000 $ 147,000 $ 104,000
VINELAND-MILLVILLE-BRIDGETON, NJ 13 $ 2,213,000 $ 170,000 $ 50,000
NAPLES-MARCO ISLAND, FL 12 $ 3,037,000 $ 253,000 $ 136,000
BLACKSBURG-CHRISTIANSBURG-RADFORD, VA 11 $ 14,796,000 $ 1,345,000 $ 12,000
MYRTLE BEACH-NORTH MYRTLE BEACH-CONWAY, SC 10 $ 1,366,000 $ 136,000 $ 85,000
ATLANTA-SANDY SPRINGS-MARIETTA, GA 9 $ 1,825,000 $ 202,000 $ 90,000
CINCINNATI-MIDDLETOWN, OH-KY-IN 9 $ 1,581,000 $ 181,000 $ 90,500
DOVER, DE 9 $ 1,885,000 $ 209,000 $ 58,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 9 $ 1,877,000 $ 208,000 $ 311,000
WARREN-TROY-FARMINGTON HILLS, MI 8 $ 1,534,000 $ 191,000 $ 67,000
CLEVELAND-ELYRIA-MENTOR, OH 7 $ 967,000 $ 138,000 $ 71,000
OAKLAND-FREMONT-HAYWARD, CA 7 $ 2,290,000 $ 327,000 $ 98,000
ORLANDO-KISSIMMEE, FL 7 $ 1,713,000 $ 244,000 $ 178,000
SALISBURY, MD 7 $ 1,243,000 $ 177,000 $ 55,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 7 $ 10,636,000 $ 1,519,000 $ 159,000
CAPE CORAL-FORT MYERS, FL 6 $ 2,080,000 $ 346,000 $ 719,000
ERIE, PA 6 $ 542,000 $ 90,000 $ 104,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 6 $ 1,302,000 $ 217,000 $ 160,000
FORT WAYNE, IN 6 $ 513,000 $ 85,000 $ 53,000
SANTA ANA-ANAHEIM-IRVINE, CA 6 $ 15,154,000 $ 2,525,000 $ 24,000
ALTOONA, PA 5 $ 558,000 $ 111,000 $ 50,000
JOHNSTOWN, PA 5 $ 343,000 $ 68,000 $ 79,000
MIAMI-MIAMI BEACH-KENDALL, FL 5 $ 2,245,000 $ 449,000 $ 86,000
MUNCIE, IN 5 $ 809,000 $ 161,000 $ 75,000
PHOENIX-MESA-SCOTTSDALE, AZ 4 $ 1,305,000 $ 326,000 $ 231,000
SAN DIEGO-CARLSBAD-SAN MARCOS, CA 4 $ 8,801,000 $ 2,200,000 $ 36,000
TOLEDO, OH 4 $ 615,000 $ 153,000 $ 44,000
WINSTON-SALEM, NC 4 $ 726,000 $ 181,000 $ 86,000
ASHEVILLE, NC 3 $ 453,000 $ 151,000 $ 90,000
CUMBERLAND, MD-WV 3 $ 308,000 $ 101,000 $ 16,500
ELMIRA, NY 3 $ 315,000 $ 105,000 $ 45,000
JACKSONVILLE, FL 3 $ 497,000 $ 165,000 $ 60,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 3 $ 4,534,000 $ 2,133,500 $ 56,500
LYNCHBURG, VA 3 $ 494,000 $ 164,000 $ 78,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3 $ 22,098,000 $ 7,366,000 $ 68,000
ROANOKE, VA 3 $ 596,000 $ 198,000 $ 137,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $ 509,000 $ 169,000 $ 96,000
WINCHESTER, VA-WV 3 $ 474,000 $ 158,000 $ 50,000
AKRON, OH 2 $ 457,000 $ 228,000 $ 107,000
BANGOR, ME 2 $ 202,000 $ 101,000 $ 54,000
BRADENTON-SARASOTA-VENICE, FL 2 $ 354,000 $ 177,000 $ 87,000
CANTON-MASSILLON, OH 2 $ 187,000 $ 93,000 $ 54,000
CHARLESTON, WV 2 $ 424,000 $ 212,000 $ 130,000
CHARLOTTESVILLE, VA 2 $ 292,000 $ 146,000 $ 51,000
COLUMBIA, SC 2 $ 318,000 $ 159,000 $ 19,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $ 266,000 $ 133,000 $ 127,000
DURHAM-CHAPEL HILL, NC 2 $ 239,000 $ 119,000 $ 117,000
GREENSBORO-HIGH POINT, NC 2 $ 164,000 $ 82,000 $ 76,000
HICKORY-LENOIR-MORGANTON, NC 2 $ 569,000 $ 284,000 $ 100,000
LAS VEGAS-PARADISE, NV 2 $ 816,000 $ 408,000 $ 613,000
LEWISTON-AUBURN, ME 2 $ 456,000 $ 228,000 $ 234,000
MILWAUKEE-WAUKESHA-WEST ALLIS, WI 2 $ 956,000 $ 478,000 $ 33,000
MONTGOMERY, AL 2 $ 412,000 $ 206,000 $ 80,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 2 $ 343,000 $ 171,000 $ 58,000
PALM COAST, FL 2 $ 299,000 $ 149,000 $ 145,000
SEATTLE-BELLEVUE-EVERETT, WA 2 $ 416,000 $ 208,000 $ 116,000
WILMINGTON, NC 2 $ 312,000 $ 156,000 $ 88,000
ALBUQUERQUE, NM 1 $ 125,000 $ 125,000 $ 38,000
AUSTIN-ROUND ROCK, TX 1 $ 413,000 $ 413,000 $ 205,000
BOULDER, CO 1 $ 360,000 $ 360,000 $ 119,000
CHICO, CA 1 $ 135,000 $ 135,000 $ 44,000
CLARKSVILLE, TN-KY 1 $ 71,000 $ 71,000 $ 134,000
COLORADO SPRINGS, CO 1 $ 400,000 $ 400,000 $ 175,000
DAYTON, OH 1 $ 124,000 $ 124,000 $ 36,000
FLINT, MI 1 $ 123,000 $ 123,000 $ 65,000
FORT COLLINS-LOVELAND, CO 1 $ 363,000 $ 363,000 $ 132,000
GAINESVILLE, FL 1 $ 100,000 $ 100,000 $ 33,000
GREENVILLE-MAULDIN-EASLEY, SC 1 $ 144,000 $ 144,000 $ 62,000
HUNTSVILLE, AL 1 $ 101,000 $ 101,000 $ 36,000
ITHACA, NY 1 $ 113,000 $ 113,000 $ 22,000
LAKE HAVASU CITY-KINGMAN, AZ 1 $ 115,000 $ 115,000 $ 64,000
LINCOLN, NE 1 $ 142,000 $ 142,000 $ 87,000
MICHIGAN CITY-LA PORTE, IN 1 $ 163,000 $ 163,000 $ 77,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1 $ 252,000 $ 252,000 $ 96,000
MORGANTOWN, WV 1 $ 201,000 $ 201,000 $ 82,000
NILES-BENTON HARBOR, MI 1 $ 117,000 $ 117,000 $ 119,000
OXNARD-THOUSAND OAKS-VENTURA, CA 1 $ 2,620,000 $ 2,620,000 $ 0
PUNTA GORDA, FL 1 $ 135,000 $ 135,000 $ 65,000
ROCKFORD, IL 1 $ 139,000 $ 139,000 $ 48,000
SALINAS, CA 1 $ 4,096,000 $ 4,096,000 $ 0
SANTA ROSA-PETALUMA, CA 1 $ 250,000 $ 250,000 $ 78,000
SAVANNAH, GA 1 $ 106,000 $ 106,000 $ 90,000
WICHITA, KS 1 $ 100,000 $ 100,000 $ 56,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Pennsylvania, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Sovereign Bank in 2009

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 31,207 $7,875,428,000 $252,000 $37,000,000 $106,000 $7,469,000
Home Purchase 10,319 $2,083,726,000 $201,000 $9,700,000 $86,000 $3,897,000
Home Improvement 1,707 $200,302,000 $117,000 $1,500,000 $83,000 $1,664,000

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 34,878 $7,616,173,000 $218,000 $10,000,000 $104,000 $7,469,000
Not Provided 2,760 $580,585,000 $210,000 $1,106,000 $102,000 $2,040,000
Asian 1,712 $411,235,000 $240,000 $990,000 $106,000 $1,279,000
Hispanic 1,705 $298,317,000 $174,000 $1,275,000 $65,000 $560,000
Black or African American 1,683 $262,660,000 $156,000 $795,000 $64,000 $1,032,000
Not applicable 325 $951,729,000 $2,928,000 $37,000,000 $1,000 $377,000
American Indian or Alaskan Native 109 $25,743,000 $236,000 $1,200,000 $95,000 $373,000
Native Hawaiian or Other Pacific Islander 61 $13,014,000 $213,000 $423,000 $89,000 $389,000

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) 38,555 $9,304,358,000 $241,000 $37,000,000 $105,000 $7,469,000
FHA-insured (Federal Housing Administration) 4,443 $814,579,000 $183,000 $767,000 $58,000 $483,000
VA-guaranteed (Veterans Administration) 131 $24,474,000 $186,000 $405,000 $62,000 $125,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 104 $16,045,000 $154,000 $361,000 $53,000 $118,000

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 32,249 $7,249,082,000 $224,000 $37,000,000 $103,000 $7,469,000
Application Denied By Financial Institution 4,752 $1,101,791,000 $231,000 $28,000,000 $83,000 $3,897,000
Application Withdrawn By Applicant 2,976 $816,697,000 $274,000 $25,000,000 $103,000 $3,515,000
Application Approved But Not Accepted 2,816 $813,164,000 $288,000 $30,000,000 $103,000 $3,428,000
Loan Purchased By The Institution 299 $61,582,000 $205,000 $748,000 $95,000 $1,412,000
Preapproval Denied by Financial Institution 102 $14,723,000 $144,000 $430,000 $41,000 $189,000
File Closed For Incompleteness 39 $102,417,000 $2,626,000 $29,500,000 $51,000 $590,000
Preapproval Approved but not Accepted 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
Collateral 2,332 $584,532,000 $250,000 $28,000,000 $96,000 $1,090,000
Debt-To-Income Ratio 910 $190,209,000 $209,000 $1,500,000 $56,000 $455,000
Other 602 $152,055,000 $252,000 $20,640,000 $90,000 $3,897,000
Credit History 589 $81,353,000 $138,000 $8,250,000 $60,000 $1,664,000
Unverifiable Information 114 $25,351,000 $222,000 $3,600,000 $71,000 $301,000
Mortgage Insurance Denied 82 $21,053,000 $256,000 $626,000 $89,000 $270,000
Employment History 81 $16,701,000 $206,000 $805,000 $62,000 $321,000
Credit Application Incomplete 75 $22,017,000 $293,000 $2,400,000 $93,000 $362,000
Insufficient Cash (Downpayment, Closing Cost) 69 $23,243,000 $336,000 $7,500,000 $87,000 $300,000

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in PA, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Pennsylvania, and search similar information at your convenience.

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