Bay-Vanguard FSB Mortgage Lending & HMDA Data, 2016
In 2016, Bay-Vanguard FSB of Baltimore, MD reported 53 mortgage applications totaling $14.2 million, down 10% from 2015. The average application was for $267,528, and applicants reported an average income of $123,433. 62% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (52) and Salisbury, MD-DE (1).
| Mortgage Company & Address | Bay-Vanguard FSB 7114 North Point Road Baltimore, MD 21219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 53 |
| Total Mortgage Loan Application Amount | $14,179,000 |
| Average Mortgage Loan Application Amount | $267,528 |
| Highest Mortgage Loan Application Amount | $2,050,000 |
| Average Applicant Income | $123,433 |
| Highest Applicant Income | $1,601,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bay-Vanguard FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Bay-Vanguard FSB in 2016
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 | 28 | $6,178,000 | $220,000 | $833,000 | $133,000 | $667,000 |
| Home Purchase | 14 | $5,385,000 | $384,000 | $2,050,000 | $140,000 | $1,601,000 |
| Home Improvement | 11 | $2,616,000 | $237,000 | $800,000 | $78,000 | $324,000 |
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 | 23 | $5,884,000 | $255,000 | $833,000 | $193,000 | $1,601,000 |
| Not applicable | 19 | $6,619,000 | $348,000 | $2,050,000 | $0 | $0 |
| Not Provided | 8 | $1,380,000 | $172,000 | $350,000 | $122,000 | $236,000 |
| Black or African American | 3 | $296,000 | $98,000 | $138,000 | $379,000 | $399,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 53 | $14,179,000 | $267,000 | $2,050,000 | $124,000 | $1,601,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 33 | $7,999,000 | $242,000 | $2,050,000 | $149,000 | $1,601,000 |
| Application Withdrawn By Applicant | 9 | $3,839,000 | $426,000 | $2,050,000 | $94,000 | $324,000 |
| Application Denied By Financial Institution | 7 | $1,327,000 | $189,000 | $600,000 | $51,000 | $135,000 |
| Application Approved But Not Accepted | 3 | $664,000 | $221,000 | $315,000 | $66,000 | $159,000 |
| File Closed For Incompleteness | 1 | $350,000 | $350,000 | $350,000 | $236,000 | $236,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $123,000 | $41,000 | $60,000 | $21,000 | $25,000 |
| Debt-To-Income Ratio | 3 | $604,000 | $201,000 | $492,000 | $99,000 | $135,000 |
| Unverifiable Information | 1 | $600,000 | $600,000 | $600,000 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bay-Vanguard FSB's 2016 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 Bay-Vanguard FSB'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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