Forbright Bank Mortgage Lending & HMDA Data, 2022
In 2022, Forbright Bank of Chevy Chase, MD reported 209 mortgage applications totaling $132.3 million, down 82% from 2021. The average application was for $632,894, and applicants reported an average income of $170,483. 54% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (69), Washington-Baltimore-Arlington, DC (26) and Baltimore-Columbia-Towson, MD (13) (applications in parentheses).
| Mortgage Company & Address | Forbright Bank 6701 Democracy Blvd, Suite 400 Chevy Chase, MD 20815 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 209 |
| Total Mortgage Loan Application Amount | $132,275,000 |
| Average Mortgage Loan Application Amount | $632,894 |
| Highest Mortgage Loan Application Amount | $27,805,000 |
| Average Applicant Income | $170,483 |
| Highest Applicant Income | $2,263,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Forbright Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax, Virginia | 24 | $ 13,920,000 | $ 580,000 | $ 180,000 |
| Montgomery, Maryland | 22 | $ 11,480,000 | $ 521,818 | $ 320,000 |
| District of Columbia, District Of Columbia | 14 | $ 28,250,000 | $ 2,017,857 | $ 226,000 |
| Seminole, Florida | 8 | $ 2,420,000 | $ 302,500 | $ 90,000 |
| Loudoun, Virginia | 8 | $ 3,860,000 | $ 482,500 | $ 179,000 |
| Prince George's, Maryland | 6 | $ 6,170,000 | $ 1,028,333 | $ 201,000 |
| Prince William, Virginia | 6 | $ 1,950,000 | $ 325,000 | $ 218,000 |
| New Hanover, North Carolina | 5 | $ 1,455,000 | $ 291,000 | $ 170,000 |
| Anne Arundel, Maryland | 4 | $ 1,310,000 | $ 327,500 | $ 61,000 |
| Frederick, Maryland | 4 | $ 920,000 | $ 230,000 | $ 154,000 |
| Franklin, Ohio | 4 | $ 910,000 | $ 227,500 | $ 135,000 |
| Hillsborough, Florida | 3 | $ 1,095,000 | $ 365,000 | $ 177,000 |
| Marion, Florida | 3 | $ 845,000 | $ 281,666 | $ 72,000 |
| Miami-Dade, Florida | 3 | $ 995,000 | $ 331,666 | $ 213,000 |
| Baltimore, Maryland | 3 | $ 985,000 | $ 328,333 | $ 119,000 |
| Howard, Maryland | 3 | $ 1,635,000 | $ 545,000 | $ 217,000 |
| Union, North Carolina | 3 | $ 365,000 | $ 121,666 | $ 84,000 |
| Manassas, Virginia | 3 | $ 915,000 | $ 305,000 | $ 204,000 |
| Broward, Florida | 2 | $ 140,000 | $ 70,000 | $ 28,000 |
| Lake, Florida | 2 | $ 610,000 | $ 305,000 | $ 108,000 |
| Lee, Florida | 2 | $ 610,000 | $ 305,000 | $ 80,000 |
| Pasco, Florida | 2 | $ 480,000 | $ 240,000 | $ 74,000 |
| Volusia, Florida | 2 | $ 660,000 | $ 330,000 | $ 98,000 |
| Clayton, Georgia | 2 | $ 230,000 | $ 115,000 | $ 55,000 |
| Fulton, Georgia | 2 | $ 810,000 | $ 405,000 | $ 137,000 |
| Arlington, Virginia | 2 | $ 1,370,000 | $ 685,000 | $ 402,000 |
| Frederick, Virginia | 2 | $ 230,000 | $ 115,000 | $ 68,000 |
| Fredericksburg, Virginia | 2 | $ 1,260,000 | $ 630,000 | $ 266,000 |
| Lynchburg, Virginia | 2 | $ 190,000 | $ 95,000 | $ 82,000 |
| Pittsylvania, Virginia | 2 | $ 420,000 | $ 210,000 | $ 121,000 |
| Berkeley, West Virginia | 2 | $ 190,000 | $ 95,000 | $ 92,000 |
| Pima, Arizona | 1 | $ 535,000 | $ 535,000 | $ 211,000 |
| Litchfield, Connecticut | 1 | $ 225,000 | $ 225,000 | $ 58,000 |
| Tolland, Connecticut | 1 | $ 425,000 | $ 425,000 | $ 177,000 |
| Kent, Delaware | 1 | $ 155,000 | $ 155,000 | $ 112,000 |
| Brevard, Florida | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Indian River, Florida | 1 | $ 85,000 | $ 85,000 | $ 31,000 |
| Orange, Florida | 1 | $ 145,000 | $ 145,000 | $ 29,000 |
| Palm Beach, Florida | 1 | $ 455,000 | $ 455,000 | $ 316,000 |
| Pinellas, Florida | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
| Walton, Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 216,000 |
| DeKalb, Georgia | 1 | $ 85,000 | $ 85,000 | $ 80,000 |
| Muscogee, Georgia | 1 | $ 55,000 | $ 55,000 | $ 129,000 |
| Spalding, Georgia | 1 | $ 85,000 | $ 85,000 | $ 277,000 |
| Bonner, Idaho | 1 | $ 195,000 | $ 195,000 | $ 50,000 |
| Tippecanoe, Indiana | 1 | $ 185,000 | $ 185,000 | $ 68,000 |
| Douglas, Kansas | 1 | $ 215,000 | $ 215,000 | $ 48,000 |
| Jefferson, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 76,000 |
| Allegany, Maryland | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
| Baltimore City, Maryland | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Carroll, Maryland | 1 | $ 265,000 | $ 265,000 | $ 105,000 |
| Cecil, Maryland | 1 | $ 285,000 | $ 285,000 | $ 185,000 |
| Harford, Maryland | 1 | $ 185,000 | $ 185,000 | $ 225,000 |
| Norfolk, Massachusetts | 1 | $ 335,000 | $ 335,000 | $ 70,000 |
| Calhoun, Michigan | 1 | $ 135,000 | $ 135,000 | $ 58,000 |
| Dakota, Minnesota | 1 | $ 185,000 | $ 185,000 | $ 100,000 |
| Nassau, New York | 1 | $ 645,000 | $ 645,000 | $ 280,000 |
| Forsyth, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 58,000 |
| Pasquotank, North Carolina | 1 | $ 27,805,000 | $ 27,805,000 | $ 0 |
| Pender, North Carolina | 1 | $ 585,000 | $ 585,000 | $ 127,000 |
| Rockingham, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 51,000 |
| Wake, North Carolina | 1 | $ 415,000 | $ 415,000 | $ 221,000 |
| Warren, North Carolina | 1 | $ 325,000 | $ 325,000 | $ 64,000 |
| Delaware, Ohio | 1 | $ 355,000 | $ 355,000 | $ 101,000 |
| Fairfield, Ohio | 1 | $ 355,000 | $ 355,000 | $ 79,000 |
| Hamilton, Ohio | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
| Lake, Ohio | 1 | $ 325,000 | $ 325,000 | $ 165,000 |
| Licking, Ohio | 1 | $ 245,000 | $ 245,000 | $ 67,000 |
| Allegheny, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 60,000 |
| Chester, Pennsylvania | 1 | $ 485,000 | $ 485,000 | $ 285,000 |
| Franklin, Pennsylvania | 1 | $ 275,000 | $ 275,000 | $ 230,000 |
| Wilson, Tennessee | 1 | $ 495,000 | $ 495,000 | $ 87,000 |
| Bexar, Texas | 1 | $ 275,000 | $ 275,000 | $ 58,000 |
| Dallas, Texas | 1 | $ 365,000 | $ 365,000 | $ 104,000 |
| Harris, Texas | 1 | $ 305,000 | $ 305,000 | $ 73,000 |
| Augusta, Virginia | 1 | $ 95,000 | $ 95,000 | $ 31,000 |
| Charlottesville, Virginia | 1 | $ 345,000 | $ 345,000 | $ 70,000 |
| Chesterfield, Virginia | 1 | $ 795,000 | $ 795,000 | $ 152,000 |
| Clarke, Virginia | 1 | $ 715,000 | $ 715,000 | $ 527,000 |
| Essex, Virginia | 1 | $ 225,000 | $ 225,000 | $ 58,000 |
| Fauquier, Virginia | 1 | $ 425,000 | $ 425,000 | $ 458,000 |
| King George, Virginia | 1 | $ 145,000 | $ 145,000 | $ 119,000 |
| Rockingham, Virginia | 1 | $ 405,000 | $ 405,000 | $ 327,000 |
| Spotsylvania, Virginia | 1 | $ 975,000 | $ 975,000 | $ 390,000 |
| Stafford, Virginia | 1 | $ 365,000 | $ 365,000 | $ 85,000 |
| Westmoreland, Virginia | 1 | $ 225,000 | $ 225,000 | $ 81,000 |
| Winchester, Virginia | 1 | $ 395,000 | $ 395,000 | $ 138,000 |
| Tucker, West Virginia | 1 | $ 215,000 | $ 215,000 | $ 522,000 |
Mortgage Loan Application Detail Totals for Forbright Bank in 2022
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 | 109 | $86,935,000 | $797,000 | $27,805,000 | $182,000 | $2,263,000 |
| Cash-out Refinancing | 69 | $32,055,000 | $464,000 | $8,175,000 | $144,000 | $695,000 |
| Refinancing | 27 | $10,925,000 | $404,000 | $2,205,000 | $131,000 | $369,000 |
| Other Purpose | 2 | $1,460,000 | $730,000 | $1,005,000 | $496,000 | $676,000 |
| Home Improvement | 2 | $900,000 | $450,000 | $645,000 | $664,000 | $664,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 91 | $34,825,000 | $382,000 | $1,005,000 | $203,000 | $2,263,000 |
| Black or African American | 34 | $10,060,000 | $295,000 | $975,000 | $129,000 | $475,000 |
| Asian | 25 | $10,935,000 | $437,000 | $1,475,000 | $199,000 | $695,000 |
| Not Provided | 25 | $10,435,000 | $417,000 | $855,000 | $128,000 | $392,000 |
| Hispanic | 17 | $4,875,000 | $286,000 | $585,000 | $89,000 | $158,000 |
| Not applicable | 15 | $60,085,000 | $4,005,000 | $27,805,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 168 | $116,610,000 | $694,000 | $27,805,000 | $186,000 | $2,263,000 |
| FHA-insured (Federal Housing Administration) | 23 | $8,645,000 | $375,000 | $635,000 | $94,000 | $166,000 |
| VA-guaranteed (Veterans Administration) | 15 | $6,495,000 | $433,000 | $1,065,000 | $136,000 | $285,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $525,000 | $175,000 | $225,000 | $46,000 | $58,000 |
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 | 112 | $93,750,000 | $837,000 | $27,805,000 | $201,000 | $2,263,000 |
| Application Withdrawn By Applicant | 38 | $18,140,000 | $477,000 | $3,955,000 | $148,000 | $460,000 |
| File Closed For Incompleteness | 34 | $10,150,000 | $298,000 | $855,000 | $130,000 | $390,000 |
| Application Denied By Financial Institution | 19 | $8,495,000 | $447,000 | $2,205,000 | $118,000 | $340,000 |
| Application Approved But Not Accepted | 3 | $1,345,000 | $448,000 | $975,000 | $190,000 | $390,000 |
| Loan Purchased By The Institution | 3 | $395,000 | $131,000 | $185,000 | $82,000 | $119,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 190 | $123,780,000 | $651,000 | $27,805,000 | $174,000 | $2,263,000 |
| Other | 5 | $3,735,000 | $747,000 | $2,205,000 | $150,000 | $340,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,435,000 | $287,000 | $485,000 | $95,000 | $151,000 |
| Credit History | 4 | $990,000 | $247,000 | $425,000 | $83,000 | $165,000 |
| Collateral | 3 | $945,000 | $315,000 | $435,000 | $162,000 | $318,000 |
| Credit Application Incomplete | 1 | $835,000 | $835,000 | $835,000 | $156,000 | $156,000 |
| Debt-To-Income Ratio | 1 | $555,000 | $555,000 | $555,000 | $75,000 | $75,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Forbright Bank's 2022 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 Forbright 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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