Congressional Bank Mortgage Lending & HMDA Data, 2014
In 2014, Congressional Bank of Bethesda, MD reported 211 mortgage applications totaling $88.7 million, down 28% from 2013. The average application was for $420,331, and applicants reported an average income of $205,549. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (81), Silver Spring-Frederick-Rockville, MD (65) and Baltimore-Columbia-Towson, MD (24) (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 | 211 |
| Total Mortgage Loan Application Amount | $88,690,000 |
| Average Mortgage Loan Application Amount | $420,331 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $205,549 |
| Highest Applicant Income | $897,000 |
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Act (HMDA) records Congressional Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 81 | $ 33,281,000 | $ 410,876 | $ 182,950 |
| Silver Spring-Frederick-Rockville, MD | 65 | $ 34,756,000 | $ 534,707 | $ 252,000 |
| Baltimore-Columbia-Towson, MD | 24 | $ 7,542,000 | $ 314,250 | $ 187,000 |
| Richmond, VA | 6 | $ 1,559,000 | $ 259,833 | $ 99,000 |
| Salisbury, MD-DE | 4 | $ 1,453,000 | $ 363,250 | $ 283,500 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 900,000 | $ 300,000 | $ 198,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 582,000 | $ 291,000 | $ 113,000 |
| Lancaster, PA | 2 | $ 893,000 | $ 446,500 | $ 260,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 452,000 | $ 226,000 | $ 462,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 829,000 | $ 414,500 | $ 219,000 |
| Raleigh, NC | 2 | $ 643,000 | $ 321,500 | $ 89,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 623,000 | $ 311,500 | $ 261,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 291,000 | $ 145,500 | $ 151,000 |
| Boston, MA | 1 | $ 396,000 | $ 396,000 | $ 131,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 145,000 | $ 145,000 | $ 282,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 1,387,000 | $ 1,387,000 | $ 293,000 |
| Durham-Chapel Hill, NC | 1 | $ 300,000 | $ 300,000 | $ 89,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 417,000 | $ 417,000 | $ 199,000 |
| Jacksonville, FL | 1 | $ 305,000 | $ 305,000 | $ 141,000 |
| Lynchburg, VA | 1 | $ 186,000 | $ 186,000 | $ 130,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 394,000 | $ 394,000 | $ 87,000 |
| Newark, NJ-PA | 1 | $ 344,000 | $ 344,000 | $ 173,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 220,000 | $ 220,000 | $ 243,000 |
Mortgage Loan Application Detail Totals for Congressional Bank in 2014
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 | 120 | $49,518,000 | $412,000 | $2,000,000 | $184,000 | $897,000 |
| Refinancing | 79 | $34,693,000 | $439,000 | $2,000,000 | $237,000 | $813,000 |
| Home Improvement | 12 | $4,479,000 | $373,000 | $596,000 | $214,000 | $371,000 |
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 | 167 | $73,527,000 | $440,000 | $2,000,000 | $224,000 | $897,000 |
| Asian | 24 | $9,658,000 | $402,000 | $1,056,000 | $150,000 | $441,000 |
| Hispanic | 11 | $3,255,000 | $295,000 | $417,000 | $127,000 | $317,000 |
| Black or African American | 8 | $2,115,000 | $264,000 | $355,000 | $109,000 | $192,000 |
| Not Provided | 1 | $135,000 | $135,000 | $135,000 | $72,000 | $72,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 195 | $82,997,000 | $425,000 | $2,000,000 | $213,000 | $897,000 |
| FHA-insured (Federal Housing Administration) | 9 | $2,569,000 | $285,000 | $393,000 | $80,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 7 | $3,124,000 | $446,000 | $722,000 | $167,000 | $266,000 |
| 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 | 183 | $73,835,000 | $403,000 | $1,922,000 | $199,000 | $897,000 |
| Application Withdrawn By Applicant | 14 | $4,994,000 | $356,000 | $648,000 | $180,000 | $462,000 |
| Application Denied By Financial Institution | 10 | $8,340,000 | $834,000 | $2,000,000 | $400,000 | $865,000 |
| File Closed For Incompleteness | 3 | $1,221,000 | $407,000 | $728,000 | $112,000 | $185,000 |
| Application Approved But Not Accepted | 1 | $300,000 | $300,000 | $300,000 | $89,000 | $89,000 |
| 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 2014 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About