Congressional Bank Mortgage Lending & HMDA Data, 2013
In 2013, Congressional Bank of Bethesda, MD reported 292 mortgage applications totaling $115.3 million, up 19% from 2012. The average application was for $394,989, and applicants reported an average income of $175,304. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (120), Bethesda-Rockville-Frederick, MD (95) and Baltimore-Towson, MD (21) (applications in parentheses).
| Mortgage Company & Address | Congressional Bank 6701 Democracy Blvd., Suite 400 Bethesda, MD 20817 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 292 |
| Total Mortgage Loan Application Amount | $115,337,000 |
| Average Mortgage Loan Application Amount | $394,989 |
| Highest Mortgage Loan Application Amount | $2,600,000 |
| Average Applicant Income | $175,304 |
| Highest Applicant Income | $1,083,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Congressional Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery, Maryland | 87 | $ 40,778,000 | $ 468,712 | $ 161,000 |
| District of Columbia, District Of Columbia | 43 | $ 17,243,000 | $ 401,000 | $ 150,000 |
| Fairfax, Virginia | 26 | $ 9,267,000 | $ 356,423 | $ 162,000 |
| Loudoun, Virginia | 15 | $ 4,858,000 | $ 323,866 | $ 185,000 |
| Arlington, Virginia | 14 | $ 6,676,000 | $ 476,857 | $ 185,000 |
| Frederick, Maryland | 8 | $ 2,960,000 | $ 370,000 | $ 147,000 |
| Baltimore, Maryland | 7 | $ 1,764,000 | $ 252,000 | $ 180,000 |
| Prince George's, Maryland | 7 | $ 1,340,000 | $ 191,428 | $ 110,000 |
| Sussex, Delaware | 6 | $ 1,993,000 | $ 332,166 | $ 177,000 |
| Prince William, Virginia | 6 | $ 1,512,000 | $ 252,000 | $ 130,000 |
| Anne Arundel, Maryland | 4 | $ 1,692,000 | $ 423,000 | $ 512,000 |
| Alexandria, Virginia | 4 | $ 1,837,000 | $ 459,250 | $ 156,000 |
| Chesterfield, Virginia | 4 | $ 843,000 | $ 210,750 | $ 105,000 |
| Henrico, Virginia | 4 | $ 1,541,000 | $ 385,250 | $ 249,000 |
| Palm Beach, Florida | 3 | $ 705,000 | $ 235,000 | $ 231,000 |
| Carroll, Maryland | 3 | $ 772,000 | $ 257,333 | $ 77,000 |
| Howard, Maryland | 3 | $ 1,028,000 | $ 342,666 | $ 157,000 |
| Los Angeles, California | 2 | $ 2,895,000 | $ 1,447,500 | $ 569,000 |
| Cook, Illinois | 2 | $ 1,569,000 | $ 784,500 | $ 208,000 |
| York, Maine | 2 | $ 360,000 | $ 180,000 | $ 179,000 |
| Charles, Maryland | 2 | $ 462,000 | $ 231,000 | $ 122,000 |
| Harford, Maryland | 2 | $ 416,000 | $ 208,000 | $ 149,000 |
| Worcester, Maryland | 2 | $ 2,040,000 | $ 1,020,000 | $ 205,000 |
| Bergen, New Jersey | 2 | $ 519,000 | $ 259,500 | $ 82,000 |
| Hanover, Virginia | 2 | $ 570,000 | $ 285,000 | $ 167,000 |
| Alameda, California | 1 | $ 138,000 | $ 138,000 | $ 32,000 |
| Marin, California | 1 | $ 935,000 | $ 935,000 | $ 1,000,000 |
| Orange, California | 1 | $ 210,000 | $ 210,000 | $ 112,000 |
| San Francisco, California | 1 | $ 950,000 | $ 950,000 | $ 253,000 |
| Larimer, Colorado | 1 | $ 80,000 | $ 80,000 | $ 119,000 |
| Mesa, Colorado | 1 | $ 308,000 | $ 308,000 | $ 119,000 |
| Collier, Florida | 1 | $ 255,000 | $ 255,000 | $ 344,000 |
| Manatee, Florida | 1 | $ 416,000 | $ 416,000 | $ 213,000 |
| Miami-Dade, Florida | 1 | $ 250,000 | $ 250,000 | $ 537,000 |
| Baltimore City, Maryland | 1 | $ 195,000 | $ 195,000 | $ 358,000 |
| Kent, Maryland | 1 | $ 126,000 | $ 126,000 | $ 90,000 |
| Queen Anne's, Maryland | 1 | $ 320,000 | $ 320,000 | $ 55,000 |
| St. Mary's, Maryland | 1 | $ 320,000 | $ 320,000 | $ 390,000 |
| Washington, Maryland | 1 | $ 221,000 | $ 221,000 | $ 67,000 |
| Middlesex, Massachusetts | 1 | $ 283,000 | $ 283,000 | $ 143,000 |
| Burlington, New Jersey | 1 | $ 216,000 | $ 216,000 | $ 76,000 |
| Monmouth, New Jersey | 1 | $ 417,000 | $ 417,000 | $ 373,000 |
| Putnam, New York | 1 | $ 417,000 | $ 417,000 | $ 124,000 |
| Westchester, New York | 1 | $ 75,000 | $ 75,000 | $ 263,000 |
| Chester, Pennsylvania | 1 | $ 397,000 | $ 397,000 | $ 84,000 |
| Northampton, Pennsylvania | 1 | $ 166,000 | $ 166,000 | $ 100,000 |
| Philadelphia, Pennsylvania | 1 | $ 118,000 | $ 118,000 | $ 124,000 |
| York, Pennsylvania | 1 | $ 215,000 | $ 215,000 | $ 91,000 |
| Newport, Rhode Island | 1 | $ 393,000 | $ 393,000 | $ 391,000 |
| Berkeley, South Carolina | 1 | $ 357,000 | $ 357,000 | $ 181,000 |
| Charleston, South Carolina | 1 | $ 338,000 | $ 338,000 | $ 207,000 |
| Denton, Texas | 1 | $ 190,000 | $ 190,000 | $ 124,000 |
| Washington, Vermont | 1 | $ 368,000 | $ 368,000 | $ 857,000 |
| Clarke, Virginia | 1 | $ 288,000 | $ 288,000 | $ 101,000 |
| Manassas, Virginia | 1 | $ 183,000 | $ 183,000 | $ 132,000 |
| Richmond City, Virginia | 1 | $ 460,000 | $ 460,000 | $ 181,000 |
| Jefferson, West Virginia | 1 | $ 92,000 | $ 92,000 | $ 105,000 |
Mortgage Loan Application Detail Totals for Congressional Bank in 2013
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 | 196 | $74,854,000 | $381,000 | $1,760,000 | $182,000 | $1,083,000 |
| Home Purchase | 83 | $37,259,000 | $448,000 | $2,600,000 | $168,000 | $750,000 |
| Home Improvement | 13 | $3,224,000 | $248,000 | $409,000 | $121,000 | $262,000 |
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 | 238 | $94,306,000 | $396,000 | $2,600,000 | $186,000 | $1,083,000 |
| Asian | 26 | $11,465,000 | $440,000 | $1,200,000 | $144,000 | $317,000 |
| Hispanic | 13 | $4,832,000 | $371,000 | $910,000 | $124,000 | $264,000 |
| Black or African American | 8 | $2,492,000 | $311,000 | $576,000 | $100,000 | $202,000 |
| Not Provided | 6 | $1,692,000 | $282,000 | $580,000 | $138,000 | $285,000 |
| Not applicable | 1 | $550,000 | $550,000 | $550,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 284 | $111,919,000 | $394,000 | $2,600,000 | $178,000 | $1,083,000 |
| FHA-insured (Federal Housing Administration) | 7 | $2,814,000 | $402,000 | $580,000 | $85,000 | $126,000 |
| VA-guaranteed (Veterans Administration) | 1 | $604,000 | $604,000 | $604,000 | $136,000 | $136,000 |
| 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 | 234 | $93,102,000 | $397,000 | $2,600,000 | $173,000 | $1,083,000 |
| Application Denied By Financial Institution | 28 | $10,548,000 | $376,000 | $1,100,000 | $177,000 | $537,000 |
| Application Withdrawn By Applicant | 17 | $5,998,000 | $352,000 | $840,000 | $192,000 | $373,000 |
| File Closed For Incompleteness | 12 | $5,590,000 | $465,000 | $975,000 | $208,000 | $825,000 |
| Application Approved But Not Accepted | 1 | $99,000 | $99,000 | $99,000 | $30,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Congressional Bank's 2013 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 Congressional 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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