Howard Bank Mortgage Lending & HMDA Data, 2020
In 2020, Howard Bank of Ellicott City, MD reported 473 mortgage applications totaling $162.4 million, down 84% from 2019. The average application was for $343,266, and applicants reported an average income of $110,957. 65% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (361), Washington-Arlington-Alexandria, DC-VA-MD-WV (26) and Washington-Baltimore-Arlington, DC (16) (applications in parentheses).
| Mortgage Company & Address | Howard Bank 6011 University Blvd #370 Ellicott City, MD 21043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 473 |
| Total Mortgage Loan Application Amount | $162,365,000 |
| Average Mortgage Loan Application Amount | $343,266 |
| Highest Mortgage Loan Application Amount | $2,495,000 |
| Average Applicant Income | $110,957 |
| Highest Applicant Income | $1,678,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Howard Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Baltimore-Columbia-Towson, MD | 361 | $ 123,835,000 | $ 343,033 | $ 111,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 26 | $ 7,850,000 | $ 301,923 | $ 99,423 |
| Washington-Baltimore-Arlington, DC | 16 | $ 9,320,000 | $ 582,500 | $ 132,000 |
| York-Hanover, PA | 10 | $ 1,830,000 | $ 183,000 | $ 92,000 |
| Salisbury, MD-DE | 8 | $ 3,450,000 | $ 431,250 | $ 282,000 |
| Wilmington, DE-MD-NJ | 8 | $ 2,360,000 | $ 295,000 | $ 68,000 |
| Outside any metro area | 6 | $ 2,350,000 | $ 391,666 | $ 101,333 |
| California-Lexington Park, MD | 3 | $ 615,000 | $ 205,000 | $ 148,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 735,000 | $ 245,000 | $ 119,333 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 350,000 | $ 175,000 | $ 46,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 430,000 | $ 215,000 | $ 0 |
| Richmond, VA | 2 | $ 550,000 | $ 275,000 | $ 93,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 1,020,000 | $ 510,000 | $ 180,000 |
| Camden, NJ | 1 | $ 425,000 | $ 425,000 | $ 212,000 |
| Fort Collins, CO | 1 | $ 395,000 | $ 395,000 | $ 125,000 |
| Fort Worth-Arlington, TX | 1 | $ 385,000 | $ 385,000 | $ 100,000 |
| Gettysburg, PA | 1 | $ 255,000 | $ 255,000 | $ 65,000 |
| Harrisburg-Carlisle, PA | 1 | $ 165,000 | $ 165,000 | $ 44,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 435,000 | $ 435,000 | $ 370,000 |
| Huntsville, AL | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Jackson, MS | 1 | $ 185,000 | $ 185,000 | $ 128,000 |
| Lancaster, PA | 1 | $ 255,000 | $ 255,000 | $ 62,000 |
| Lynchburg, VA | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Memphis, TN-MS-AR | 1 | $ 425,000 | $ 425,000 | $ 239,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 325,000 | $ 325,000 | $ 72,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 285,000 | $ 285,000 | $ 146,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Newark, NJ-PA | 1 | $ 285,000 | $ 285,000 | $ 46,000 |
| Philadelphia, PA | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 1,355,000 | $ 1,355,000 | $ 0 |
| Raleigh, NC | 1 | $ 285,000 | $ 285,000 | $ 134,000 |
| Reno, NV | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Rochester, NY | 1 | $ 165,000 | $ 165,000 | $ 76,000 |
| Savannah, GA | 1 | $ 235,000 | $ 235,000 | $ 90,000 |
| Winston-Salem, NC | 1 | $ 215,000 | $ 215,000 | $ 71,000 |
| Yuba City, CA | 1 | $ 355,000 | $ 355,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Howard Bank in 2020
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 | 282 | $87,750,000 | $311,000 | $2,495,000 | $111,000 | $1,678,000 |
| Refinancing | 138 | $55,830,000 | $404,000 | $1,925,000 | $101,000 | $420,000 |
| Cash-out Refinancing | 50 | $16,950,000 | $339,000 | $985,000 | $113,000 | $360,000 |
| Other Purpose | 3 | $1,835,000 | $611,000 | $1,505,000 | $531,000 | $1,375,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 256 | $84,400,000 | $329,000 | $2,495,000 | $129,000 | $1,678,000 |
| Black or African American | 76 | $18,590,000 | $244,000 | $1,045,000 | $75,000 | $265,000 |
| Not Provided | 63 | $17,025,000 | $270,000 | $725,000 | $91,000 | $411,000 |
| Not applicable | 45 | $33,025,000 | $733,000 | $2,405,000 | $0 | $0 |
| Asian | 14 | $4,240,000 | $302,000 | $585,000 | $117,000 | $319,000 |
| Hispanic | 13 | $3,155,000 | $242,000 | $475,000 | $65,000 | $134,000 |
| 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) | 283 | $109,535,000 | $387,000 | $2,495,000 | $147,000 | $1,678,000 |
| FHA-insured (Federal Housing Administration) | 118 | $26,990,000 | $228,000 | $535,000 | $63,000 | $194,000 |
| VA-guaranteed (Veterans Administration) | 62 | $23,300,000 | $375,000 | $1,355,000 | $74,000 | $360,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $2,540,000 | $254,000 | $365,000 | $50,000 | $93,000 |
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 | 307 | $93,865,000 | $305,000 | $1,505,000 | $113,000 | $1,678,000 |
| Application Withdrawn By Applicant | 72 | $23,070,000 | $320,000 | $2,495,000 | $123,000 | $1,251,000 |
| Loan Purchased By The Institution | 39 | $30,725,000 | $787,000 | $2,405,000 | $0 | $0 |
| Application Approved But Not Accepted | 25 | $6,505,000 | $260,000 | $525,000 | $96,000 | $414,000 |
| Application Denied By Financial Institution | 25 | $6,705,000 | $268,000 | $515,000 | $81,000 | $265,000 |
| File Closed For Incompleteness | 5 | $1,495,000 | $299,000 | $425,000 | $62,000 | $213,000 |
| 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 | 448 | $155,660,000 | $347,000 | $2,495,000 | $113,000 | $1,678,000 |
| Credit History | 7 | $2,285,000 | $326,000 | $515,000 | $113,000 | $265,000 |
| Debt-To-Income Ratio | 5 | $1,385,000 | $277,000 | $365,000 | $73,000 | $131,000 |
| Collateral | 5 | $1,385,000 | $277,000 | $315,000 | $102,000 | $159,000 |
| Other | 4 | $990,000 | $247,000 | $495,000 | $45,000 | $152,000 |
| Unverifiable Information | 3 | $515,000 | $171,000 | $225,000 | $46,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $145,000 | $145,000 | $145,000 | $37,000 | $37,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Howard Bank's 2020 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 Howard 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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