Severn Savings Bank, FSB dba Severn Bank Mortgage Lending & HMDA Data, 2013

In 2013, Severn Savings Bank, FSB dba Severn Bank of Annapolis, MD reported 1,749 mortgage applications totaling $546.6 million, up 39% from 2012. The average application was for $312,493, and applicants reported an average income of $124,805. 34% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Baltimore-Towson, MD (707), Washington-Arlington-Alexandria, DC-VA-MD-WV (391) and Bethesda-Rockville-Frederick, MD (123) (applications in parentheses).

Mortgage Company & Address Severn Savings Bank, FSB dba Severn Bank
200 Westgate Circle Suite 200
Annapolis, MD 21401
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 1,749
Total Mortgage Loan Application Amount $546,552,000
Average Mortgage Loan Application Amount $312,493
Highest Mortgage Loan Application Amount $3,700,000
Average Applicant Income $124,805
Highest Applicant Income $2,479,000

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Savings Bank, FSB dba Severn Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Severn Savings Bank, FSB dba Severn Bank by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Anne Arundel, Maryland 428 $ 170,346,000 $ 398,004 $ 163,000
Prince George's, Maryland 105 $ 27,127,000 $ 258,352 $ 95,000
Montgomery, Maryland 95 $ 37,489,000 $ 394,621 $ 166,000
Baltimore, Maryland 82 $ 23,137,000 $ 282,158 $ 105,000
District of Columbia, District Of Columbia 81 $ 30,415,000 $ 375,493 $ 129,000
Fairfax, Virginia 64 $ 27,323,000 $ 426,921 $ 161,000
Howard, Maryland 51 $ 21,071,000 $ 413,156 $ 133,000
Harford, Maryland 48 $ 12,530,000 $ 261,041 $ 94,000
Baltimore City, Maryland 42 $ 7,826,000 $ 186,333 $ 109,000
Queen Anne's, Maryland 33 $ 12,047,000 $ 365,060 $ 111,000
Calvert, Maryland 30 $ 9,232,000 $ 307,733 $ 118,000
Frederick, Maryland 28 $ 9,753,000 $ 348,321 $ 128,000
Virginia Beach, Virginia 28 $ 6,940,000 $ 247,857 $ 76,000
Charles, Maryland 25 $ 7,852,000 $ 314,080 $ 149,000
Prince William, Virginia 25 $ 7,896,000 $ 315,840 $ 108,000
Worcester, Maryland 24 $ 5,601,000 $ 233,375 $ 110,000
Carroll, Maryland 23 $ 6,025,000 $ 261,956 $ 101,000
Chesterfield, Virginia 22 $ 4,683,000 $ 212,863 $ 106,000
St. Mary's, Maryland 20 $ 5,231,000 $ 261,550 $ 97,000
Sussex, Delaware 18 $ 4,327,000 $ 240,388 $ 131,000
Bucks, Pennsylvania 16 $ 3,749,000 $ 234,312 $ 80,000
Philadelphia, Pennsylvania 14 $ 2,228,000 $ 159,142 $ 64,000
York, Pennsylvania 14 $ 2,870,000 $ 205,000 $ 76,000
Washington, Maryland 13 $ 2,763,000 $ 212,538 $ 89,000
Delaware, Pennsylvania 13 $ 3,075,000 $ 236,538 $ 93,000
Loudoun, Virginia 13 $ 4,915,000 $ 378,076 $ 157,000
New Castle, Delaware 11 $ 2,045,000 $ 185,909 $ 78,000
Cecil, Maryland 11 $ 2,165,000 $ 196,818 $ 92,000
Allegheny, Pennsylvania 9 $ 1,170,000 $ 130,000 $ 74,000
Montgomery, Pennsylvania 9 $ 2,019,000 $ 224,333 $ 102,000
Northampton, Pennsylvania 9 $ 2,014,000 $ 223,777 $ 108,000
Chesapeake, Virginia 9 $ 2,334,000 $ 259,333 $ 119,000
Stafford, Virginia 9 $ 3,104,000 $ 344,888 $ 131,000
Talbot, Maryland 8 $ 3,053,000 $ 381,625 $ 148,000
Alexandria, Virginia 8 $ 4,103,000 $ 512,875 $ 233,000
Fauquier, Virginia 8 $ 2,979,000 $ 372,375 $ 146,000
Hanover, Virginia 8 $ 1,767,000 $ 220,875 $ 107,000
Wicomico, Maryland 7 $ 1,409,000 $ 201,285 $ 108,000
Accomack, Virginia 7 $ 1,434,000 $ 204,857 $ 93,000
Albemarle, Virginia 7 $ 1,627,000 $ 232,428 $ 72,000
Arlington, Virginia 7 $ 2,709,000 $ 387,000 $ 158,000
Augusta, Virginia 7 $ 1,451,000 $ 207,285 $ 92,000
Norfolk, Virginia 7 $ 1,819,000 $ 259,857 $ 81,000
Kent, Maryland 6 $ 1,614,000 $ 269,000 $ 90,000
Bedford, Virginia 6 $ 1,152,000 $ 192,000 $ 50,000
Henrico, Virginia 6 $ 1,296,000 $ 216,000 $ 56,000
Spotsylvania, Virginia 6 $ 1,691,000 $ 281,833 $ 138,000
York, Virginia 6 $ 1,769,000 $ 294,833 $ 80,000
Caroline, Maryland 5 $ 992,000 $ 198,400 $ 76,000
Garrett, Maryland 5 $ 1,024,000 $ 204,800 $ 77,000
Berks, Pennsylvania 5 $ 855,000 $ 171,000 $ 74,000
Chester, Pennsylvania 5 $ 1,313,000 $ 262,600 $ 142,000
Dauphin, Pennsylvania 5 $ 746,000 $ 149,200 $ 63,000
Lancaster, Pennsylvania 5 $ 1,092,000 $ 218,400 $ 77,000
Lehigh, Pennsylvania 5 $ 932,000 $ 186,400 $ 107,000
Frederick, Virginia 5 $ 1,019,000 $ 203,800 $ 114,000
Gloucester, Virginia 5 $ 900,000 $ 180,000 $ 58,000
Portsmouth, Virginia 5 $ 986,000 $ 197,200 $ 44,000
Pike, Pennsylvania 4 $ 962,000 $ 240,500 $ 129,000
James City, Virginia 4 $ 837,000 $ 209,250 $ 75,000
Roanoke, Virginia 4 $ 757,000 $ 189,250 $ 66,000
Shenandoah, Virginia 4 $ 847,000 $ 211,750 $ 97,000
Dorchester, Maryland 3 $ 418,000 $ 139,333 $ 53,000
Crawford, Pennsylvania 3 $ 459,000 $ 153,000 $ 76,000
Monroe, Pennsylvania 3 $ 467,000 $ 155,666 $ 70,000
Westmoreland, Pennsylvania 3 $ 474,000 $ 158,000 $ 80,000
Culpeper, Virginia 3 $ 758,000 $ 252,666 $ 54,000
Hampton, Virginia 3 $ 660,000 $ 220,000 $ 64,000
Louisa, Virginia 3 $ 976,000 $ 325,333 $ 206,000
Mathews, Virginia 3 $ 773,000 $ 257,666 $ 76,000
Page, Virginia 3 $ 684,000 $ 228,000 $ 133,000
Suffolk, Virginia 3 $ 839,000 $ 279,666 $ 105,000
Tazewell, Virginia 3 $ 558,000 $ 186,000 $ 80,000
Washington, Virginia 3 $ 470,000 $ 156,666 $ 50,000
Kent, Delaware 2 $ 474,000 $ 237,000 $ 80,000
Somerset, Maryland 2 $ 361,000 $ 180,500 $ 42,000
Middlesex, Massachusetts 2 $ 688,000 $ 344,000 $ 85,000
Mecklenburg, North Carolina 2 $ 1,333,000 $ 666,500 $ 245,000
Adams, Pennsylvania 2 $ 377,000 $ 188,500 $ 62,000
Blair, Pennsylvania 2 $ 122,000 $ 61,000 $ 15,000
Franklin, Pennsylvania 2 $ 258,000 $ 129,000 $ 39,000
Lackawanna, Pennsylvania 2 $ 221,000 $ 110,500 $ 57,000
Lebanon, Pennsylvania 2 $ 343,000 $ 171,500 $ 49,000
Luzerne, Pennsylvania 2 $ 555,000 $ 277,500 $ 160,000
Carroll, Virginia 2 $ 137,000 $ 68,500 $ 8,000
Charlottesville, Virginia 2 $ 445,000 $ 222,500 $ 87,000
Fairfax City, Virginia 2 $ 703,000 $ 351,500 $ 152,000
Isle of Wight, Virginia 2 $ 485,000 $ 242,500 $ 25,000
King George, Virginia 2 $ 721,000 $ 360,500 $ 308,000
Manassas Park, Virginia 2 $ 336,000 $ 168,000 $ 44,000
New Kent, Virginia 2 $ 574,000 $ 287,000 $ 92,000
Newport News, Virginia 2 $ 449,000 $ 224,500 $ 84,000
Nottoway, Virginia 2 $ 312,000 $ 156,000 $ 49,000
Pittsylvania, Virginia 2 $ 403,000 $ 201,500 $ 63,000
Powhatan, Virginia 2 $ 447,000 $ 223,500 $ 47,000
Prince George, Virginia 2 $ 417,000 $ 208,500 $ 83,000
Roanoke City, Virginia 2 $ 228,000 $ 114,000 $ 65,000
Southampton, Virginia 2 $ 467,000 $ 233,500 $ 73,000
Warren, Virginia 2 $ 416,000 $ 208,000 $ 78,000
Westmoreland, Virginia 2 $ 308,000 $ 154,000 $ 160,000
Berkeley, West Virginia 2 $ 327,000 $ 163,500 $ 47,000
Hardy, West Virginia 2 $ 344,000 $ 172,000 $ 149,000
Maricopa, Arizona 1 $ 109,000 $ 109,000 $ 0
Broward, Florida 1 $ 500,000 $ 500,000 $ 304,000
Charlotte, Florida 1 $ 168,000 $ 168,000 $ 140,000
Jackson, Florida 1 $ 121,000 $ 121,000 $ 114,000
Palm Beach, Florida 1 $ 77,000 $ 77,000 $ 132,000
Pinellas, Florida 1 $ 345,000 $ 345,000 $ 103,000
Sarasota, Florida 1 $ 128,000 $ 128,000 $ 118,000
Clayton, Georgia 1 $ 44,000 $ 44,000 $ 70,000
Jefferson, Louisiana 1 $ 187,000 $ 187,000 $ 21,000
Burlington, New Jersey 1 $ 198,000 $ 198,000 $ 112,000
Cape May, New Jersey 1 $ 259,000 $ 259,000 $ 130,000
Essex, New Jersey 1 $ 188,000 $ 188,000 $ 45,000
Passaic, New Jersey 1 $ 155,000 $ 155,000 $ 150,000
New York, New York 1 $ 229,000 $ 229,000 $ 179,000
Mahoning, Ohio 1 $ 68,000 $ 68,000 $ 33,000
Beaver, Pennsylvania 1 $ 296,000 $ 296,000 $ 307,000
Butler, Pennsylvania 1 $ 121,000 $ 121,000 $ 102,000
Cambria, Pennsylvania 1 $ 65,000 $ 65,000 $ 40,000
Carbon, Pennsylvania 1 $ 180,000 $ 180,000 $ 35,000
Cumberland, Pennsylvania 1 $ 150,000 $ 150,000 $ 228,000
Fayette, Pennsylvania 1 $ 100,000 $ 100,000 $ 72,000
Lycoming, Pennsylvania 1 $ 219,000 $ 219,000 $ 60,000
Mercer, Pennsylvania 1 $ 85,000 $ 85,000 $ 36,000
Potter, Pennsylvania 1 $ 201,000 $ 201,000 $ 111,000
Schuylkill, Pennsylvania 1 $ 106,000 $ 106,000 $ 130,000
Somerset, Pennsylvania 1 $ 247,000 $ 247,000 $ 99,000
Tioga, Pennsylvania 1 $ 153,000 $ 153,000 $ 144,000
Union, Pennsylvania 1 $ 128,000 $ 128,000 $ 68,000
Warren, Pennsylvania 1 $ 200,000 $ 200,000 $ 54,000
Washington, Pennsylvania 1 $ 121,000 $ 121,000 $ 37,000
Beaufort, South Carolina 1 $ 75,000 $ 75,000 $ 33,000
Horry, South Carolina 1 $ 106,000 $ 106,000 $ 129,000
Amelia, Virginia 1 $ 227,000 $ 227,000 $ 120,000
Appomattox, Virginia 1 $ 239,000 $ 239,000 $ 99,000
Bedford City, Virginia 1 $ 204,000 $ 204,000 $ 66,000
Botetourt, Virginia 1 $ 209,000 $ 209,000 $ 65,000
Buckingham, Virginia 1 $ 185,000 $ 185,000 $ 45,000
Campbell, Virginia 1 $ 141,000 $ 141,000 $ 130,000
Caroline, Virginia 1 $ 122,000 $ 122,000 $ 64,000
Clarke, Virginia 1 $ 380,000 $ 380,000 $ 123,000
Cumberland, Virginia 1 $ 153,000 $ 153,000 $ 62,000
Dinwiddie, Virginia 1 $ 225,000 $ 225,000 $ 120,000
Essex, Virginia 1 $ 216,000 $ 216,000 $ 44,000
Falls Church, Virginia 1 $ 342,000 $ 342,000 $ 65,000
Floyd, Virginia 1 $ 190,000 $ 190,000 $ 52,000
Fluvanna, Virginia 1 $ 380,000 $ 380,000 $ 0
Giles, Virginia 1 $ 166,000 $ 166,000 $ 90,000
Greene, Virginia 1 $ 228,000 $ 228,000 $ 95,000
Lee, Virginia 1 $ 187,000 $ 187,000 $ 73,000
Lexington, Virginia 1 $ 170,000 $ 170,000 $ 51,000
Madison, Virginia 1 $ 269,000 $ 269,000 $ 93,000
Manassas, Virginia 1 $ 225,000 $ 225,000 $ 263,000
Middlesex, Virginia 1 $ 311,000 $ 311,000 $ 129,000
Montgomery, Virginia 1 $ 159,000 $ 159,000 $ 187,000
Nelson, Virginia 1 $ 176,000 $ 176,000 $ 116,000
Northampton, Virginia 1 $ 294,000 $ 294,000 $ 164,000
Petersburg, Virginia 1 $ 164,000 $ 164,000 $ 81,000
Prince Edward, Virginia 1 $ 143,000 $ 143,000 $ 105,000
Pulaski, Virginia 1 $ 153,000 $ 153,000 $ 75,000
Rappahannock, Virginia 1 $ 355,000 $ 355,000 $ 53,000
Richmond City, Virginia 1 $ 165,000 $ 165,000 $ 86,000
Rockingham, Virginia 1 $ 73,000 $ 73,000 $ 29,000
Hampshire, West Virginia 1 $ 233,000 $ 233,000 $ 80,000
Jefferson, West Virginia 1 $ 265,000 $ 265,000 $ 160,000
Morgan, West Virginia 1 $ 50,000 $ 50,000 $ 91,000

Mortgage Loan Application Detail Totals for Severn Savings Bank, FSB dba Severn 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 1,353 $384,146,000 $283,000 $2,066,000 $111,000 $720,000
Home Purchase 275 $130,513,000 $474,000 $3,700,000 $190,000 $2,479,000
Home Improvement 121 $31,893,000 $263,000 $2,006,000 $131,000 $2,229,000

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 1,176 $363,657,000 $309,000 $3,700,000 $127,000 $2,479,000
Not Provided 328 $103,746,000 $316,000 $2,006,000 $124,000 $902,000
Black or African American 147 $44,952,000 $305,000 $1,438,000 $101,000 $930,000
Hispanic 50 $18,349,000 $366,000 $3,450,000 $131,000 $720,000
Asian 45 $15,140,000 $336,000 $1,166,000 $127,000 $425,000
American Indian or Alaskan Native 1 $136,000 $136,000 $136,000 $65,000 $65,000
Native Hawaiian or Other Pacific Islander 1 $220,000 $220,000 $220,000 $92,000 $92,000
Not applicable 1 $352,000 $352,000 $352,000 $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) 1,398 $450,986,000 $322,000 $3,700,000 $135,000 $2,479,000
FHA-insured (Federal Housing Administration) 272 $71,732,000 $263,000 $716,000 $75,000 $300,000
VA-guaranteed (Veterans Administration) 79 $23,834,000 $301,000 $771,000 $103,000 $409,000
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 594 $204,230,000 $343,000 $3,700,000 $141,000 $2,479,000
File Closed For Incompleteness 400 $119,085,000 $297,000 $2,380,000 $123,000 $1,037,000
Application Denied By Financial Institution 390 $118,116,000 $302,000 $2,006,000 $101,000 $930,000
Application Withdrawn By Applicant 357 $102,768,000 $287,000 $1,640,000 $126,000 $617,000
Application Approved But Not Accepted 8 $2,353,000 $294,000 $674,000 $69,000 $155,000
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
Credit History 133 $36,686,000 $275,000 $1,438,000 $97,000 $431,000
Debt-To-Income Ratio 131 $40,771,000 $311,000 $1,250,000 $76,000 $902,000
Collateral 80 $27,763,000 $347,000 $2,006,000 $134,000 $536,000
Credit Application Incomplete 22 $5,144,000 $233,000 $417,000 $97,000 $435,000
Other 15 $4,135,000 $275,000 $495,000 $87,000 $171,000
Unverifiable Information 5 $2,817,000 $563,000 $890,000 $419,000 $930,000
Insufficient Cash (Downpayment, Closing Cost) 4 $800,000 $200,000 $295,000 $73,000 $163,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Severn Savings Bank, FSB dba Severn 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 Severn Savings Bank, FSB dba Severn 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.
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