Severn Savings Bank, FSB dba Severn Bank Mortgage Lending & HMDA Data, 2014

In 2014, Severn Savings Bank, FSB dba Severn Bank of Annapolis, MD reported 1,651 mortgage applications totaling $549.9 million, down 6% from 2013. The average application was for $333,046, and applicants reported an average income of $133,157. 30% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (646), Washington-Arlington-Alexandria, DC-VA-MD-WV (392) and Silver Spring-Frederick-Rockville, MD (155) (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 1,651
Total Mortgage Loan Application Amount $549,859,000
Average Mortgage Loan Application Amount $333,046
Highest Mortgage Loan Application Amount $2,720,000
Average Applicant Income $133,157
Highest Applicant Income $2,920,000

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Savings Bank, FSB dba Severn Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014

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 355 $ 136,398,000 $ 384,219 $ 147,000
Prince George's, Maryland 123 $ 32,558,000 $ 264,699 $ 99,000
Montgomery, Maryland 118 $ 53,472,000 $ 453,152 $ 170,000
Baltimore, Maryland 94 $ 25,607,000 $ 272,414 $ 114,000
District of Columbia, District Of Columbia 82 $ 33,459,000 $ 408,036 $ 143,000
Fairfax, Virginia 57 $ 28,855,000 $ 506,228 $ 175,000
Howard, Maryland 53 $ 19,656,000 $ 370,867 $ 133,000
Baltimore City, Maryland 49 $ 10,881,000 $ 222,061 $ 201,000
Carroll, Maryland 43 $ 12,203,000 $ 283,790 $ 106,000
Frederick, Maryland 37 $ 10,487,000 $ 283,432 $ 120,000
Harford, Maryland 31 $ 10,125,000 $ 326,612 $ 124,000
Calvert, Maryland 30 $ 12,724,000 $ 424,133 $ 168,000
Charles, Maryland 29 $ 8,951,000 $ 308,655 $ 103,000
St. Mary's, Maryland 29 $ 10,515,000 $ 362,586 $ 136,000
Queen Anne's, Maryland 21 $ 6,425,000 $ 305,952 $ 122,000
Loudoun, Virginia 20 $ 12,040,000 $ 602,000 $ 197,000
Bucks, Pennsylvania 15 $ 4,050,000 $ 270,000 $ 141,000
Prince William, Virginia 15 $ 5,318,000 $ 354,533 $ 105,000
Worcester, Maryland 14 $ 3,182,000 $ 227,285 $ 140,000
Chester, Pennsylvania 13 $ 4,227,000 $ 325,153 $ 148,000
Caroline, Maryland 12 $ 2,450,000 $ 204,166 $ 116,000
Talbot, Maryland 12 $ 3,395,000 $ 282,916 $ 94,000
Montgomery, Pennsylvania 12 $ 3,045,000 $ 253,750 $ 120,000
Sussex, Delaware 11 $ 6,005,000 $ 545,909 $ 293,000
Cecil, Maryland 11 $ 2,490,000 $ 226,363 $ 101,000
New Castle, Delaware 10 $ 3,097,000 $ 309,700 $ 179,000
Allegheny, Pennsylvania 10 $ 1,934,000 $ 193,400 $ 82,000
Washington, Maryland 9 $ 2,092,000 $ 232,444 $ 99,000
Wicomico, Maryland 9 $ 1,367,000 $ 151,888 $ 95,000
Alexandria, Virginia 9 $ 4,364,000 $ 484,888 $ 161,000
Henrico, Virginia 9 $ 2,133,000 $ 237,000 $ 100,000
Virginia Beach, Virginia 9 $ 2,929,000 $ 325,444 $ 90,000
York, Pennsylvania 8 $ 1,319,000 $ 164,875 $ 72,000
Spotsylvania, Virginia 8 $ 2,605,000 $ 325,625 $ 132,000
Kent, Maryland 7 $ 1,782,000 $ 254,571 $ 94,000
Philadelphia, Pennsylvania 7 $ 1,859,000 $ 265,571 $ 78,000
Allegany, Maryland 6 $ 1,028,000 $ 171,333 $ 83,000
Berks, Pennsylvania 6 $ 775,000 $ 129,166 $ 44,000
Delaware, Pennsylvania 6 $ 1,392,000 $ 232,000 $ 89,000
Monroe, Pennsylvania 6 $ 1,549,000 $ 258,166 $ 101,000
Northampton, Pennsylvania 6 $ 1,573,000 $ 262,166 $ 100,000
Chesapeake, Virginia 6 $ 1,581,000 $ 263,500 $ 90,000
Dorchester, Maryland 5 $ 865,000 $ 173,000 $ 70,000
Garrett, Maryland 5 $ 738,000 $ 147,600 $ 80,000
Dauphin, Pennsylvania 5 $ 1,001,000 $ 200,200 $ 78,000
Lancaster, Pennsylvania 5 $ 1,056,000 $ 211,200 $ 87,000
Westmoreland, Pennsylvania 5 $ 1,051,000 $ 210,200 $ 162,000
Chesterfield, Virginia 5 $ 1,221,000 $ 244,200 $ 95,000
Franklin, North Carolina 4 $ 709,000 $ 177,250 $ 91,000
Onslow, North Carolina 4 $ 606,000 $ 151,500 $ 85,000
Adams, Pennsylvania 4 $ 1,113,000 $ 278,250 $ 97,000
Arlington, Virginia 4 $ 3,731,000 $ 932,750 $ 504,000
Fauquier, Virginia 4 $ 1,677,000 $ 419,250 $ 147,000
Hanover, Virginia 4 $ 1,521,000 $ 380,250 $ 113,000
Louisa, Virginia 4 $ 1,876,000 $ 469,000 $ 192,000
Norfolk, Virginia 4 $ 1,220,000 $ 305,000 $ 99,000
Portsmouth, Virginia 4 $ 624,000 $ 156,000 $ 59,000
Stafford, Virginia 4 $ 1,237,000 $ 309,250 $ 96,000
Brunswick, North Carolina 3 $ 600,000 $ 200,000 $ 62,000
Guilford, North Carolina 3 $ 583,000 $ 194,333 $ 48,000
Harnett, North Carolina 3 $ 618,000 $ 206,000 $ 50,000
Henderson, North Carolina 3 $ 800,000 $ 266,666 $ 78,000
Pender, North Carolina 3 $ 1,618,000 $ 539,333 $ 295,000
Cumberland, Pennsylvania 3 $ 618,000 $ 206,000 $ 88,000
Lackawanna, Pennsylvania 3 $ 795,000 $ 265,000 $ 147,000
Lehigh, Pennsylvania 3 $ 704,000 $ 234,666 $ 84,000
Culpeper, Virginia 3 $ 710,000 $ 236,666 $ 86,000
Frederick, Virginia 3 $ 765,000 $ 255,000 $ 93,000
Greene, Virginia 3 $ 679,000 $ 226,333 $ 52,000
Manassas, Virginia 3 $ 874,000 $ 291,333 $ 129,000
Mecklenburg, Virginia 3 $ 840,000 $ 280,000 $ 57,000
Newport News, Virginia 3 $ 622,000 $ 207,333 $ 74,000
Richmond City, Virginia 3 $ 844,000 $ 281,333 $ 110,000
Suffolk, Virginia 3 $ 592,000 $ 197,333 $ 78,000
Volusia, Florida 2 $ 366,000 $ 183,000 $ 81,000
Cabarrus, North Carolina 2 $ 1,111,000 $ 555,500 $ 214,000
Johnston, North Carolina 2 $ 315,000 $ 157,500 $ 73,000
Mecklenburg, North Carolina 2 $ 496,000 $ 248,000 $ 130,000
New Hanover, North Carolina 2 $ 622,000 $ 311,000 $ 87,000
Orange, North Carolina 2 $ 304,000 $ 152,000 $ 98,000
Robeson, North Carolina 2 $ 428,000 $ 214,000 $ 60,000
Stokes, North Carolina 2 $ 346,000 $ 173,000 $ 68,000
Beaver, Pennsylvania 2 $ 271,000 $ 135,500 $ 66,000
Butler, Pennsylvania 2 $ 354,000 $ 177,000 $ 80,000
Centre, Pennsylvania 2 $ 324,000 $ 162,000 $ 84,000
Franklin, Pennsylvania 2 $ 345,000 $ 172,500 $ 92,000
Luzerne, Pennsylvania 2 $ 277,000 $ 138,500 $ 147,000
Perry, Pennsylvania 2 $ 313,000 $ 156,500 $ 51,000
Pike, Pennsylvania 2 $ 425,000 $ 212,500 $ 91,000
Horry, South Carolina 2 $ 402,000 $ 201,000 $ 178,000
Accomack, Virginia 2 $ 179,000 $ 89,500 $ 69,000
Albemarle, Virginia 2 $ 740,000 $ 370,000 $ 103,000
Dinwiddie, Virginia 2 $ 343,000 $ 171,500 $ 101,000
Gloucester, Virginia 2 $ 514,000 $ 257,000 $ 59,000
Goochland, Virginia 2 $ 1,014,000 $ 507,000 $ 188,000
Henry, Virginia 2 $ 345,000 $ 172,500 $ 35,000
Isle of Wight, Virginia 2 $ 1,017,000 $ 508,500 $ 144,000
James City, Virginia 2 $ 531,000 $ 265,500 $ 88,000
Pulaski, Virginia 2 $ 317,000 $ 158,500 $ 49,000
Washington, Virginia 2 $ 353,000 $ 176,500 $ 87,000
Pinal, Arizona 1 $ 248,000 $ 248,000 $ 108,000
Santa Barbara, California 1 $ 150,000 $ 150,000 $ 109,000
Kent, Delaware 1 $ 150,000 $ 150,000 $ 62,000
Collier, Florida 1 $ 256,000 $ 256,000 $ 101,000
Flagler, Florida 1 $ 168,000 $ 168,000 $ 91,000
Sarasota, Florida 1 $ 247,000 $ 247,000 $ 109,000
Franklin, Indiana 1 $ 97,000 $ 97,000 $ 119,000
Somerset, Maryland 1 $ 145,000 $ 145,000 $ 109,000
Ocean, New Jersey 1 $ 305,000 $ 305,000 $ 132,000
Alamance, North Carolina 1 $ 135,000 $ 135,000 $ 233,000
Buncombe, North Carolina 1 $ 325,000 $ 325,000 $ 233,000
Cumberland, North Carolina 1 $ 113,000 $ 113,000 $ 113,000
Dare, North Carolina 1 $ 255,000 $ 255,000 $ 203,000
Gaston, North Carolina 1 $ 170,000 $ 170,000 $ 0
Hyde, North Carolina 1 $ 267,000 $ 267,000 $ 65,000
Jackson, North Carolina 1 $ 54,000 $ 54,000 $ 72,000
Macon, North Carolina 1 $ 224,000 $ 224,000 $ 0
Randolph, North Carolina 1 $ 284,000 $ 284,000 $ 127,000
Sampson, North Carolina 1 $ 207,000 $ 207,000 $ 60,000
Union, North Carolina 1 $ 184,000 $ 184,000 $ 65,000
Wake, North Carolina 1 $ 278,000 $ 278,000 $ 240,000
Wayne, North Carolina 1 $ 135,000 $ 135,000 $ 52,000
Wilson, North Carolina 1 $ 146,000 $ 146,000 $ 40,000
Armstrong, Pennsylvania 1 $ 122,000 $ 122,000 $ 67,000
Carbon, Pennsylvania 1 $ 111,000 $ 111,000 $ 118,000
Greene, Pennsylvania 1 $ 160,000 $ 160,000 $ 92,000
Indiana, Pennsylvania 1 $ 150,000 $ 150,000 $ 65,000
Lebanon, Pennsylvania 1 $ 175,000 $ 175,000 $ 56,000
Northumberland, Pennsylvania 1 $ 141,000 $ 141,000 $ 70,000
Tioga, Pennsylvania 1 $ 158,000 $ 158,000 $ 202,000
Washington, Pennsylvania 1 $ 417,000 $ 417,000 $ 300,000
Dorchester, South Carolina 1 $ 120,000 $ 120,000 $ 57,000
Amelia, Virginia 1 $ 272,000 $ 272,000 $ 80,000
Augusta, Virginia 1 $ 123,000 $ 123,000 $ 44,000
Bedford, Virginia 1 $ 385,000 $ 385,000 $ 119,000
Bedford City, Virginia 1 $ 417,000 $ 417,000 $ 156,000
Botetourt, Virginia 1 $ 380,000 $ 380,000 $ 240,000
Buchanan, Virginia 1 $ 86,000 $ 86,000 $ 0
Buckingham, Virginia 1 $ 87,000 $ 87,000 $ 48,000
Campbell, Virginia 1 $ 168,000 $ 168,000 $ 40,000
Caroline, Virginia 1 $ 125,000 $ 125,000 $ 71,000
Carroll, Virginia 1 $ 141,000 $ 141,000 $ 21,000
Charlottesville, Virginia 1 $ 186,000 $ 186,000 $ 61,000
Essex, Virginia 1 $ 169,000 $ 169,000 $ 61,000
Fluvanna, Virginia 1 $ 580,000 $ 580,000 $ 232,000
Hampton, Virginia 1 $ 110,000 $ 110,000 $ 82,000
King George, Virginia 1 $ 150,000 $ 150,000 $ 58,000
King William, Virginia 1 $ 265,000 $ 265,000 $ 116,000
Lexington, Virginia 1 $ 165,000 $ 165,000 $ 71,000
Martinsville, Virginia 1 $ 137,000 $ 137,000 $ 94,000
Northampton, Virginia 1 $ 150,000 $ 150,000 $ 210,000
Nottoway, Virginia 1 $ 237,000 $ 237,000 $ 87,000
Orange, Virginia 1 $ 273,000 $ 273,000 $ 74,000
Page, Virginia 1 $ 250,000 $ 250,000 $ 91,000
Powhatan, Virginia 1 $ 180,000 $ 180,000 $ 58,000
Prince George, Virginia 1 $ 177,000 $ 177,000 $ 56,000
Roanoke, Virginia 1 $ 209,000 $ 209,000 $ 70,000
Rockingham, Virginia 1 $ 160,000 $ 160,000 $ 38,000
Scott, Virginia 1 $ 188,000 $ 188,000 $ 72,000
Shenandoah, Virginia 1 $ 242,000 $ 242,000 $ 60,000
Warren, Virginia 1 $ 206,000 $ 206,000 $ 29,000
Waynesboro, Virginia 1 $ 169,000 $ 169,000 $ 43,000
Westmoreland, Virginia 1 $ 148,000 $ 148,000 $ 93,000
York, Virginia 1 $ 770,000 $ 770,000 $ 1,100,000

Mortgage Loan Application Detail Totals for Severn Savings Bank, FSB dba Severn 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
Refinancing 1,160 $360,849,000 $311,000 $2,311,000 $124,000 $2,920,000
Home Purchase 318 $134,215,000 $422,000 $2,720,000 $171,000 $1,217,000
Home Improvement 173 $54,795,000 $316,000 $2,000,000 $125,000 $580,000

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 1,072 $365,495,000 $340,000 $2,720,000 $140,000 $2,920,000
Not Provided 272 $92,270,000 $339,000 $2,100,000 $127,000 $750,000
Black or African American 208 $58,314,000 $280,000 $1,431,000 $104,000 $594,000
Asian 48 $19,837,000 $413,000 $1,369,000 $178,000 $1,100,000
Hispanic 44 $12,069,000 $274,000 $782,000 $111,000 $500,000
American Indian or Alaskan Native 5 $1,339,000 $267,000 $495,000 $49,000 $124,000
Native Hawaiian or Other Pacific Islander 2 $535,000 $267,000 $300,000 $120,000 $240,000
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) 1,336 $466,071,000 $348,000 $2,720,000 $145,000 $2,920,000
FHA-insured (Federal Housing Administration) 202 $53,030,000 $262,000 $690,000 $80,000 $285,000
VA-guaranteed (Veterans Administration) 108 $29,773,000 $275,000 $763,000 $87,000 $386,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $985,000 $197,000 $242,000 $48,000 $100,000

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 499 $178,486,000 $357,000 $2,465,000 $145,000 $1,217,000
Application Denied By Financial Institution 437 $140,065,000 $320,000 $2,720,000 $110,000 $2,920,000
File Closed For Incompleteness 388 $124,180,000 $320,000 $2,450,000 $139,000 $1,100,000
Application Withdrawn By Applicant 325 $106,697,000 $328,000 $1,717,000 $139,000 $600,000
Application Approved But Not Accepted 2 $431,000 $215,000 $330,000 $116,000 $162,000
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
Debt-To-Income Ratio 157 $51,296,000 $326,000 $2,100,000 $73,000 $376,000
Credit History 143 $39,298,000 $274,000 $1,270,000 $126,000 $2,920,000
Collateral 93 $36,020,000 $387,000 $2,720,000 $151,000 $1,185,000
Credit Application Incomplete 20 $5,192,000 $259,000 $626,000 $99,000 $240,000
Other 13 $3,539,000 $272,000 $556,000 $102,000 $270,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,411,000 $282,000 $466,000 $135,000 $218,000
Unverifiable Information 3 $2,399,000 $799,000 $2,000,000 $170,000 $422,000
Employment History 3 $910,000 $303,000 $484,000 $91,000 $113,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Severn Savings Bank, FSB dba Severn 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 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.
For a list of all lenders in Maryland, download the full spreadsheet with aggregated HMDA statistics today.

Download the Maryland Lender List