Sammamish Mortgage Company Mortgage Lending & HMDA Data, 2016

In 2016, Sammamish Mortgage Company of Bellevue, WA reported 811 mortgage applications totaling $270.1 million. The average application was for $333,056, and applicants reported an average income of $146,959. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (592), Portland-Vancouver-Hillsboro, OR-WA (66) and Tacoma-Lakewood, WA (51) (applications in parentheses).

Mortgage Company & Address Sammamish Mortgage Company
3015 112th Ave Ne Ste 214
Bellevue, WA 98004
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 811
Total Mortgage Loan Application Amount $270,109,000
Average Mortgage Loan Application Amount $333,056
Highest Mortgage Loan Application Amount $1,325,000
Average Applicant Income $146,959
Highest Applicant Income $814,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sammamish Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Sammamish Mortgage Company 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 585 $191,612,000 $327,000 $1,325,000 $145,000 $814,000
Home Purchase 181 $64,298,000 $355,000 $1,260,000 $159,000 $648,000
Home Improvement 45 $14,199,000 $315,000 $541,000 $124,000 $253,000

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 404 $131,421,000 $325,000 $1,325,000 $144,000 $580,000
Not Provided 296 $101,111,000 $341,000 $825,000 $155,000 $814,000
Asian 80 $26,301,000 $328,000 $510,000 $136,000 $648,000
Hispanic 17 $6,354,000 $373,000 $1,105,000 $149,000 $437,000
Native Hawaiin or Other Pacific Islander 7 $2,177,000 $311,000 $455,000 $93,000 $138,000
Black or African American 5 $1,878,000 $375,000 $470,000 $165,000 $209,000
American Indian or Alaskan Native 2 $867,000 $433,000 $540,000 $209,000 $258,000
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) 792 $263,354,000 $332,000 $1,325,000 $148,000 $814,000
VA-guaranteed (Veterans Administration) 12 $3,608,000 $300,000 $511,000 $90,000 $206,000
FHA-insured (Federal Housing Administration) 7 $3,147,000 $449,000 $526,000 $153,000 $220,000
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 629 $208,777,000 $331,000 $1,325,000 $147,000 $814,000
Application Withdrawn By Applicant 149 $51,705,000 $347,000 $1,260,000 $150,000 $580,000
Application Denied By Financial Institution 16 $4,046,000 $252,000 $368,000 $116,000 $479,000
File Closed For Incompleteness 15 $4,761,000 $317,000 $631,000 $147,000 $430,000
Preapproval Approved but not Accepted 2 $820,000 $410,000 $520,000 $241,000 $243,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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 5 $1,055,000 $211,000 $327,000 $96,000 $161,000
Debt-To-Income Ratio 4 $1,063,000 $265,000 $368,000 $86,000 $186,000
Collateral 2 $370,000 $185,000 $190,000 $94,000 $99,000
Unverifiable Information 2 $649,000 $324,000 $348,000 $121,000 $173,000
Other 1 $197,000 $197,000 $197,000 $73,000 $73,000
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sammamish Mortgage Company'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 Sammamish Mortgage Company'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 Washington, download the full spreadsheet with aggregated HMDA statistics today.

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