Sandy Spring Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Sandy Spring Bank 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Sandy Spring Bank 6831 Benjamin Frankin Drive Olney, MD 21046 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,651 |
| Total Mortgage Loan Application Amount | $920,195,000 |
| Average Mortgage Loan Application Amount | $296,000 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $206,200 |
| Highest Applicant Income | $6,246,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Sandy Spring Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Sandy Spring Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down Sandy Spring Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Sandy Spring Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Sandy Spring Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Sandy Spring Bank's mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery County Maryland | 631 | $ 203,345,000 | $ 322,000 | $ 209,000 |
| Anne Arundel County Maryland | 268 | $ 83,180,000 | $ 310,000 | $ 193,000 |
| District of Columbia County District Of Columbia | 201 | $ 106,005,000 | $ 527,000 | $ 271,000 |
| Prince George's County Maryland | 201 | $ 49,575,000 | $ 246,000 | $ 133,000 |
| Fairfax County Virginia | 185 | $ 91,175,000 | $ 492,000 | $ 293,000 |
| Baltimore City County Maryland | 154 | $ 34,580,000 | $ 224,000 | $ 137,000 |
| Baltimore County Maryland | 148 | $ 47,030,000 | $ 317,000 | $ 205,000 |
| Frederick County Maryland | 131 | $ 30,145,000 | $ 230,000 | $ 171,000 |
| Howard County Maryland | 119 | $ 40,495,000 | $ 340,000 | $ 222,000 |
| Loudoun County Virginia | 72 | $ 29,480,000 | $ 409,000 | $ 404,000 |
| Prince William County Virginia | 62 | $ 17,410,000 | $ 280,000 | $ 152,000 |
| Carroll County Maryland | 47 | $ 13,235,000 | $ 281,000 | $ 154,000 |
| Arlington County Virginia | 39 | $ 27,765,000 | $ 711,000 | $ 380,000 |
| Alexandria County Virginia | 37 | $ 13,305,000 | $ 359,000 | $ 225,000 |
| Charles County Maryland | 27 | $ 8,915,000 | $ 330,000 | $ 126,000 |
| Sussex County Delaware | 23 | $ 10,285,000 | $ 447,000 | $ 187,000 |
| Washington County Maryland | 17 | $ 3,165,000 | $ 186,000 | $ 156,000 |
| Worcester County Maryland | 17 | $ 6,895,000 | $ 405,000 | $ 254,000 |
| Queen Anne's County Maryland | 16 | $ 5,530,000 | $ 345,000 | $ 203,000 |
| Stafford County Virginia | 16 | $ 5,610,000 | $ 350,000 | $ 143,000 |
| Fairfax City County Virginia | 13 | $ 5,135,000 | $ 395,000 | $ 196,000 |
| Fauquier County Virginia | 11 | $ 4,075,000 | $ 370,000 | $ 215,000 |
| Calvert County Maryland | 9 | $ 3,655,000 | $ 406,000 | $ 246,000 |
| Spotsylvania County Virginia | 9 | $ 3,975,000 | $ 441,000 | $ 171,000 |
| Harford County Maryland | 8 | $ 2,620,000 | $ 327,000 | $ 145,000 |
| St. Mary's County Maryland | 8 | $ 3,160,000 | $ 395,000 | $ 144,000 |
| Berkeley County West Virginia | 8 | $ 2,060,000 | $ 257,000 | $ 129,000 |
| Caroline County Maryland | 6 | $ 1,540,000 | $ 256,000 | $ 160,000 |
| Garrett County Maryland | 6 | $ 2,520,000 | $ 420,000 | $ 300,000 |
| York County Pennsylvania | 5 | $ 1,385,000 | $ 277,000 | $ 136,000 |
| Jefferson County West Virginia | 5 | $ 1,225,000 | $ 245,000 | $ 181,000 |
| Escambia County Florida | 4 | $ 930,000 | $ 232,000 | $ 141,000 |
| Lee County Florida | 4 | $ 1,680,000 | $ 420,000 | $ 263,000 |
| Palm Beach County Florida | 4 | $ 3,400,000 | $ 850,000 | $ 381,000 |
| Dorchester County Maryland | 4 | $ 1,780,000 | $ 445,000 | $ 213,000 |
| Talbot County Maryland | 4 | $ 630,000 | $ 157,000 | $ 114,000 |
| Wicomico County Maryland | 4 | $ 1,350,000 | $ 337,000 | $ 129,000 |
| Davidson County Tennessee | 4 | $ 2,520,000 | $ 630,000 | $ 211,000 |
| Maury County Tennessee | 4 | $ 1,020,000 | $ 255,000 | $ 63,000 |
| Frederick County Virginia | 4 | $ 930,000 | $ 232,000 | $ 107,000 |
| Manassas County Virginia | 4 | $ 1,220,000 | $ 305,000 | $ 66,000 |
| Winchester County Virginia | 4 | $ 950,000 | $ 237,000 | $ 87,000 |
| Broward County Florida | 3 | $ 2,845,000 | $ 948,000 | $ 327,000 |
| Franklin County Pennsylvania | 3 | $ 825,000 | $ 275,000 | $ 76,000 |
| Beaufort County South Carolina | 3 | $ 1,805,000 | $ 601,000 | $ 311,000 |
| Charleston County South Carolina | 3 | $ 1,745,000 | $ 581,000 | $ 180,000 |
| Culpeper County Virginia | 3 | $ 925,000 | $ 308,000 | $ 69,000 |
| Louisa County Virginia | 3 | $ 1,125,000 | $ 375,000 | $ 165,000 |
| Norfolk County Virginia | 3 | $ 1,285,000 | $ 428,000 | $ 329,000 |
| Westmoreland County Virginia | 3 | $ 945,000 | $ 315,000 | $ 160,000 |
| Hampshire County West Virginia | 3 | $ 495,000 | $ 165,000 | $ 124,000 |
| Clay County Florida | 2 | $ 990,000 | $ 495,000 | $ 141,000 |
| Flagler County Florida | 2 | $ 710,000 | $ 355,000 | $ 110,000 |
| Pinellas County Florida | 2 | $ 760,000 | $ 380,000 | $ 173,000 |
| Kent County Maryland | 2 | $ 280,000 | $ 140,000 | $ 57,000 |
| Brunswick County North Carolina | 2 | $ 490,000 | $ 245,000 | $ 241,000 |
| Moore County North Carolina | 2 | $ 550,000 | $ 275,000 | $ 242,000 |
| New Hanover County North Carolina | 2 | $ 740,000 | $ 370,000 | $ 268,000 |
| Chester County Pennsylvania | 2 | $ 770,000 | $ 385,000 | $ 204,000 |
| Philadelphia County Pennsylvania | 2 | $ 1,030,000 | $ 515,000 | $ 210,000 |
| Horry County South Carolina | 2 | $ 440,000 | $ 220,000 | $ 87,000 |
| Lancaster County South Carolina | 2 | $ 460,000 | $ 230,000 | $ 71,000 |
| Sevier County Tennessee | 2 | $ 2,890,000 | $ 1,445,000 | $ 1,204,000 |
| Chesterfield County Virginia | 2 | $ 640,000 | $ 320,000 | $ 102,000 |
| Falls Church County Virginia | 2 | $ 2,550,000 | $ 1,275,000 | $ 341,000 |
| Fredericksburg County Virginia | 2 | $ 700,000 | $ 350,000 | $ 100,000 |
| Hampton County Virginia | 2 | $ 810,000 | $ 405,000 | $ 112,000 |
| Manassas Park County Virginia | 2 | $ 480,000 | $ 240,000 | $ 85,000 |
| Virginia Beach County Virginia | 2 | $ 430,000 | $ 215,000 | $ 125,000 |
| Warren County Virginia | 2 | $ 730,000 | $ 365,000 | $ 86,000 |
| Arapahoe County Colorado | 1 | $ 455,000 | $ 455,000 | $ 230,000 |
| Denver County Colorado | 1 | $ 435,000 | $ 435,000 | $ 148,000 |
| Montrose County Colorado | 1 | $ 355,000 | $ 355,000 | $ 107,000 |
| Kent County Delaware | 1 | $ 605,000 | $ 605,000 | $ 207,000 |
| Collier County Florida | 1 | $ 515,000 | $ 515,000 | $ 896,000 |
| Manatee County Florida | 1 | $ 555,000 | $ 555,000 | $ 348,000 |
| Miami-Dade County Florida | 1 | $ 455,000 | $ 455,000 | $ 117,000 |
| Sarasota County Florida | 1 | $ 55,000 | $ 55,000 | $ 76,000 |
| Cobb County Georgia | 1 | $ 505,000 | $ 505,000 | $ 230,000 |
| Forsyth County Georgia | 1 | $ 525,000 | $ 525,000 | $ 177,000 |
| Fulton County Georgia | 1 | $ 375,000 | $ 375,000 | $ 167,000 |
| Muscogee County Georgia | 1 | $ 215,000 | $ 215,000 | $ 83,000 |
| Dare County North Carolina | 1 | $ 605,000 | $ 605,000 | $ 158,000 |
| Harnett County North Carolina | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Mecklenburg County North Carolina | 1 | $ 275,000 | $ 275,000 | $ 119,000 |
| Orange County North Carolina | 1 | $ 525,000 | $ 525,000 | $ 265,000 |
| Adams County Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 256,000 |
| Allegheny County Pennsylvania | 1 | $ 1,045,000 | $ 1,045,000 | $ 686,000 |
| Centre County Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 28,000 |
| Dauphin County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 48,000 |
| Fulton County Pennsylvania | 1 | $ 635,000 | $ 635,000 | $ 155,000 |
| Somerset County Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 185,000 |
| Westmoreland County Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 62,000 |
| Cherokee County South Carolina | 1 | $ 225,000 | $ 225,000 | $ 96,000 |
| Dorchester County South Carolina | 1 | $ 175,000 | $ 175,000 | $ 59,000 |
| Georgetown County South Carolina | 1 | $ 565,000 | $ 565,000 | $ 231,000 |
| Orangeburg County South Carolina | 1 | $ 145,000 | $ 145,000 | $ 89,000 |
| Anderson County Tennessee | 1 | $ 455,000 | $ 455,000 | $ 146,000 |
| Williamson County Tennessee | 1 | $ 845,000 | $ 845,000 | $ 331,000 |
| Accomack County Virginia | 1 | $ 185,000 | $ 185,000 | $ 151,000 |
| Albemarle County Virginia | 1 | $ 1,205,000 | $ 1,205,000 | $ 357,000 |
| Botetourt County Virginia | 1 | $ 105,000 | $ 105,000 | $ 130,000 |
| Franklin County Virginia | 1 | $ 205,000 | $ 205,000 | $ 75,000 |
| Gloucester County Virginia | 1 | $ 345,000 | $ 345,000 | $ 115,000 |
| Henrico County Virginia | 1 | $ 245,000 | $ 245,000 | $ 546,000 |
| James City County Virginia | 1 | $ 615,000 | $ 615,000 | $ 163,000 |
| Lexington County Virginia | 1 | $ 35,000 | $ 35,000 | $ 135,000 |
| New Kent County Virginia | 1 | $ 405,000 | $ 405,000 | $ 118,000 |
| Page County Virginia | 1 | $ 265,000 | $ 265,000 | $ 183,000 |
| Salem County Virginia | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Greenbrier County West Virginia | 1 | $ 265,000 | $ 265,000 | $ 143,000 |
| Hardy County West Virginia | 1 | $ 495,000 | $ 495,000 | $ 45,000 |
| Tucker County West Virginia | 1 | $ 485,000 | $ 485,000 | $ 207,000 |
Mortgage Loan Application Detail Totals for Sandy Spring Bank in 2023
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 | 1,253 | $578,445,000 | $461,000 | $2,505,000 | $187,000 | $1,907,000 |
| Home Improvement | 718 | $141,150,000 | $196,000 | $1,755,000 | $222,000 | $6,246,000 |
| Refinancing | 409 | $145,695,000 | $356,000 | $2,255,000 | $268,000 | $2,163,000 |
| Other Purpose | 182 | $26,040,000 | $143,000 | $2,005,000 | $175,000 | $1,217,000 |
| Cash-out Refinancing | 89 | $28,865,000 | $324,000 | $1,625,000 | $179,000 | $1,108,000 |
| 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 | 1,389 | $482,745,000 | $347,000 | $2,455,000 | $238,000 | $6,246,000 |
| Black or African American | 448 | $128,190,000 | $286,000 | $2,255,000 | $148,000 | $1,140,000 |
| Hispanic | 257 | $75,375,000 | $293,000 | $2,205,000 | $144,000 | $1,437,000 |
| Not Provided | 257 | $109,545,000 | $426,000 | $2,175,000 | $232,000 | $1,907,000 |
| Asian | 234 | $86,920,000 | $371,000 | $2,505,000 | $200,000 | $1,385,000 |
| Not applicable | 54 | $33,180,000 | $614,000 | $2,445,000 | $134,000 | $240,000 |
| American Indian or Alaskan Native | 9 | $3,365,000 | $373,000 | $985,000 | $177,000 | $352,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $875,000 | $291,000 | $415,000 | $122,000 | $184,000 |
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) | 2,365 | $808,195,000 | $341,000 | $2,505,000 | $219,000 | $6,246,000 |
| FHA-insured (Federal Housing Administration) | 211 | $70,985,000 | $336,000 | $1,105,000 | $105,000 | $392,000 |
| VA-guaranteed (Veterans Administration) | 74 | $40,810,000 | $551,000 | $1,605,000 | $162,000 | $470,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $205,000 | $205,000 | $205,000 | $45,000 | $45,000 |
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 | 1,769 | $609,605,000 | $344,000 | $2,505,000 | $217,000 | $6,246,000 |
| Application Denied By Financial Institution | 424 | $100,450,000 | $236,000 | $2,005,000 | $145,000 | $1,385,000 |
| Application Withdrawn By Applicant | 295 | $146,415,000 | $496,000 | $2,005,000 | $208,000 | $1,533,000 |
| Application Approved But Not Accepted | 96 | $26,020,000 | $271,000 | $1,325,000 | $300,000 | $4,715,000 |
| File Closed For Incompleteness | 51 | $30,255,000 | $593,000 | $2,255,000 | $277,000 | $1,437,000 |
| Loan Purchased By The Institution | 16 | $7,450,000 | $465,000 | $965,000 | $134,000 | $240,000 |
| 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 | 2,227 | $819,745,000 | $368,000 | $2,505,000 | $221,000 | $6,246,000 |
| Credit History | 171 | $24,045,000 | $140,000 | $2,005,000 | $139,000 | $1,385,000 |
| Debt-To-Income Ratio | 148 | $45,290,000 | $306,000 | $2,005,000 | $107,000 | $585,000 |
| Collateral | 56 | $13,290,000 | $237,000 | $905,000 | $189,000 | $1,039,000 |
| Other | 26 | $11,330,000 | $435,000 | $2,005,000 | $263,000 | $1,217,000 |
| Unverifiable Information | 11 | $2,415,000 | $219,000 | $595,000 | $212,000 | $642,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $3,165,000 | $452,000 | $1,465,000 | $130,000 | $399,000 |
| Credit Application Incomplete | 4 | $770,000 | $192,000 | $325,000 | $301,000 | $437,000 |
| Employment History | 1 | $145,000 | $145,000 | $145,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sandy Spring Bank's 2023 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 Sandy Spring 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.