Bethesda-Gaithersburg-Frederick, MD Metro Area Mortgage Lenders & HMDA Data, 2006
In 2006, lenders reported 149,592 mortgage applications in Bethesda-Gaithersburg-Frederick, MD metro area totaling $41.8 billion. The average application was for $279,106, and applicants reported an average income of $102,000. 46% of applications resulted in an originated loan and 14% were denied. The most active lender was Countrywide Home Loans, with 9,789 applications, followed by Wells Fargo Bank, NA and Bank of America, N.A..
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 149,592 |
| Total Mortgage Loan Application Amount | $41,752,051,000 |
| Average Mortgage Loan Application Amount | $279,106 |
| Highest Mortgage Loan Application Amount | $75,000,000 |
| Average Applicant Income | $102,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Bethesda-Gaithersburg-Frederick, MD Metro Area (2006)
Ranked by the number of mortgage applications each lender reported in Bethesda-Gaithersburg-Frederick, MD metro area in 2006.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Countrywide Home Loans Westlake Village, CA |
9,789 | $3,107,034,000 | $317,000 | $107,000 |
| 2 | Wells Fargo Bank, NA Des Moines, IA |
7,526 | $2,449,011,000 | $325,000 | $133,000 |
| 3 | Bank of America, N.A. Calabasas, CA |
6,249 | $2,004,562,000 | $320,000 | $81,000 |
| 4 | Citimortgage, Inc New York, NY |
4,377 | $1,000,742,000 | $228,000 | $125,000 |
| 5 | Countrywide Bank, N.A. Pasadena, CA |
4,157 | $1,180,224,000 | $283,000 | $116,000 |
| 6 | National City Bank Cleveland, OH |
3,923 | $1,126,789,000 | $287,000 | $134,000 |
| 7 | Indymac Bank, F.S.B. Pasadena, CA |
3,463 | $1,004,233,000 | $289,000 | $56,000 |
| 8 | JPMorgan Chase Bank, NA Columbus, OH |
3,419 | $914,812,000 | $267,000 | $104,000 |
| 9 | Washington Mutual Bank Albion, NY |
3,042 | $1,008,026,000 | $331,000 | $66,000 |
| 10 | Wmc Mortgage Corp. Burbank, CA |
2,954 | $676,705,000 | $229,000 | $116,000 |
See every lender active in Bethesda-Gaithersburg-Frederick, MD metro area in 2006 »
The tables below break down 2006 mortgage applications in Bethesda-Gaithersburg-Frederick, MD metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Bethesda-Gaithersburg-Frederick, MD in 2006
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 | 81,497 | $23,824,512,000 | $292,000 | $75,000,000 | $99,000 | $9,999,000 |
| Home Purchase | 58,734 | $16,494,453,000 | $280,000 | $10,000,000 | $104,000 | $7,200,000 |
| Home Improvement | 9,361 | $1,433,086,000 | $153,000 | $4,165,000 | $109,000 | $9,083,000 |
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 | 51,575 | $15,057,329,000 | $291,000 | $4,165,000 | $125,000 | $9,999,000 |
| Hispanic | 23,553 | $5,745,232,000 | $243,000 | $2,000,000 | $92,000 | $3,173,000 |
| Not Provided | 22,385 | $6,271,898,000 | $280,000 | $41,000,000 | $114,000 | $9,083,000 |
| Not applicable | 21,689 | $6,270,632,000 | $289,000 | $75,000,000 | $40,000 | $9,999,000 |
| Black or African American | 19,475 | $5,038,190,000 | $258,000 | $2,720,000 | $99,000 | $3,500,000 |
| Asian | 9,739 | $3,029,553,000 | $311,000 | $3,900,000 | $122,000 | $2,693,000 |
| Native Hawaiian or Other Pacific Islander | 755 | $234,545,000 | $310,000 | $4,153,000 | $76,000 | $660,000 |
| American Indian or Alaskan Native | 421 | $104,672,000 | $248,000 | $1,500,000 | $101,000 | $1,120,000 |
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) | 148,393 | $41,452,697,000 | $279,000 | $75,000,000 | $102,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 909 | $217,826,000 | $239,000 | $690,000 | $71,000 | $938,000 |
| VA-guaranteed (Veterans Administration) | 280 | $79,151,000 | $282,000 | $900,000 | $76,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $2,377,000 | $237,000 | $720,000 | $79,000 | $215,000 |
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 | 68,447 | $18,902,978,000 | $276,000 | $33,250,000 | $117,000 | $9,999,000 |
| Loan Purchased By The Institution | 33,275 | $9,629,749,000 | $289,000 | $5,272,000 | $61,000 | $9,999,000 |
| Application Denied By Financial Institution | 20,512 | $5,642,745,000 | $275,000 | $41,000,000 | $107,000 | $6,062,000 |
| Application Withdrawn By Applicant | 14,222 | $4,204,386,000 | $295,000 | $75,000,000 | $109,000 | $6,504,000 |
| Application Approved But Not Accepted | 9,052 | $2,197,375,000 | $242,000 | $2,750,000 | $117,000 | $3,198,000 |
| File Closed For Incompleteness | 4,075 | $1,171,235,000 | $287,000 | $2,620,000 | $98,000 | $3,173,000 |
| Preapproval Denied by Financial Institution | 7 | $2,370,000 | $338,000 | $933,000 | $117,000 | $224,000 |
| Preapproval Approved but not Accepted | 2 | $1,213,000 | $606,000 | $800,000 | $195,000 | $259,000 |
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 | 3,326 | $820,682,000 | $246,000 | $2,210,000 | $107,000 | $1,872,000 |
| Other | 3,110 | $951,543,000 | $305,000 | $4,000,000 | $120,000 | $6,062,000 |
| Debt-To-Income Ratio | 2,603 | $631,797,000 | $242,000 | $2,795,000 | $85,000 | $1,517,000 |
| Credit Application Incomplete | 1,772 | $519,435,000 | $293,000 | $2,100,000 | $119,000 | $4,334,000 |
| Collateral | 1,668 | $493,819,000 | $296,000 | $3,212,000 | $126,000 | $2,040,000 |
| Unverifiable Information | 907 | $249,094,000 | $274,000 | $1,684,000 | $113,000 | $1,681,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 256 | $86,465,000 | $337,000 | $1,885,000 | $130,000 | $600,000 |
| Employment History | 171 | $45,814,000 | $267,000 | $1,750,000 | $101,000 | $1,774,000 |
| Mortgage Insurance Denied | 17 | $2,866,000 | $168,000 | $320,000 | $90,000 | $204,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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