Severn Savings Bank, FSB dba Severn Bank Mortgage Lending & HMDA Data, 2016
In 2016, Severn Savings Bank, FSB dba Severn Bank of Annapolis, MD reported 1,331 mortgage applications totaling $448.4 million, down 23% from 2015. The average application was for $336,906, and applicants reported an average income of $129,270. 42% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Baltimore-Columbia-Towson, MD (593), Washington-Arlington-Alexandria, DC-VA-MD-WV (314) and Silver Spring-Frederick-Rockville, MD (111) (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 | 1,331 |
| Total Mortgage Loan Application Amount | $448,422,000 |
| Average Mortgage Loan Application Amount | $336,906 |
| Highest Mortgage Loan Application Amount | $5,183,000 |
| Average Applicant Income | $129,270 |
| Highest Applicant Income | $1,152,000 |
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Savings Bank, FSB dba Severn Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 343 | $ 129,640,000 | $ 377,959 | $ 133,000 |
| Prince George's, Maryland | 118 | $ 35,166,000 | $ 298,016 | $ 98,000 |
| Montgomery, Maryland | 93 | $ 40,860,000 | $ 439,354 | $ 171,000 |
| Baltimore, Maryland | 80 | $ 23,260,000 | $ 290,750 | $ 128,000 |
| District of Columbia, District Of Columbia | 51 | $ 22,798,000 | $ 447,019 | $ 152,000 |
| Baltimore City, Maryland | 51 | $ 16,109,000 | $ 315,862 | $ 122,000 |
| Harford, Maryland | 40 | $ 10,028,000 | $ 250,700 | $ 86,000 |
| Howard, Maryland | 39 | $ 13,574,000 | $ 348,051 | $ 158,000 |
| Fairfax, Virginia | 34 | $ 17,040,000 | $ 501,176 | $ 166,000 |
| Charles, Maryland | 28 | $ 8,428,000 | $ 301,000 | $ 123,000 |
| New Castle, Delaware | 27 | $ 6,090,000 | $ 225,555 | $ 119,000 |
| Calvert, Maryland | 25 | $ 9,800,000 | $ 392,000 | $ 143,000 |
| Carroll, Maryland | 21 | $ 6,447,000 | $ 307,000 | $ 93,000 |
| Queen Anne's, Maryland | 19 | $ 7,679,000 | $ 404,157 | $ 185,000 |
| Sussex, Delaware | 18 | $ 7,716,000 | $ 428,666 | $ 168,000 |
| Frederick, Maryland | 18 | $ 5,357,000 | $ 297,611 | $ 119,000 |
| St. Mary's, Maryland | 18 | $ 5,966,000 | $ 331,444 | $ 142,000 |
| Worcester, Maryland | 17 | $ 4,039,000 | $ 237,588 | $ 130,000 |
| Washington, Maryland | 16 | $ 3,432,000 | $ 214,500 | $ 75,000 |
| Loudoun, Virginia | 16 | $ 7,727,000 | $ 482,937 | $ 187,000 |
| Allegheny, Pennsylvania | 9 | $ 1,746,000 | $ 194,000 | $ 101,000 |
| Montgomery, Pennsylvania | 9 | $ 3,462,000 | $ 384,666 | $ 184,000 |
| Chesterfield, Virginia | 9 | $ 2,492,000 | $ 276,888 | $ 94,000 |
| Prince William, Virginia | 9 | $ 3,742,000 | $ 415,777 | $ 131,000 |
| Stafford, Virginia | 9 | $ 2,752,000 | $ 305,777 | $ 94,000 |
| Talbot, Maryland | 8 | $ 1,789,000 | $ 223,625 | $ 136,000 |
| Dauphin, Pennsylvania | 8 | $ 1,672,000 | $ 209,000 | $ 79,000 |
| Spotsylvania, Virginia | 8 | $ 1,928,000 | $ 241,000 | $ 68,000 |
| Caroline, Maryland | 7 | $ 945,000 | $ 135,000 | $ 61,000 |
| Cecil, Maryland | 7 | $ 2,220,000 | $ 317,142 | $ 107,000 |
| Bucks, Pennsylvania | 7 | $ 1,727,000 | $ 246,714 | $ 109,000 |
| Philadelphia, Pennsylvania | 7 | $ 1,009,000 | $ 144,142 | $ 68,000 |
| York, Pennsylvania | 7 | $ 1,049,000 | $ 149,857 | $ 74,000 |
| Chester, Pennsylvania | 6 | $ 1,536,000 | $ 256,000 | $ 129,000 |
| Kent, Delaware | 5 | $ 859,000 | $ 171,800 | $ 73,000 |
| Kent, Maryland | 5 | $ 836,000 | $ 167,200 | $ 130,000 |
| Wicomico, Maryland | 5 | $ 786,000 | $ 157,200 | $ 89,000 |
| Berks, Pennsylvania | 5 | $ 972,000 | $ 194,400 | $ 111,000 |
| Arlington, Virginia | 5 | $ 3,032,000 | $ 606,400 | $ 186,000 |
| Virginia Beach, Virginia | 5 | $ 1,726,000 | $ 345,200 | $ 123,000 |
| Delaware, Pennsylvania | 3 | $ 718,000 | $ 239,333 | $ 99,000 |
| Franklin, Pennsylvania | 3 | $ 525,000 | $ 175,000 | $ 78,000 |
| Luzerne, Pennsylvania | 3 | $ 568,000 | $ 189,333 | $ 53,000 |
| Monroe, Pennsylvania | 3 | $ 463,000 | $ 154,333 | $ 67,000 |
| Albemarle, Virginia | 3 | $ 861,000 | $ 287,000 | $ 152,000 |
| Alexandria, Virginia | 3 | $ 1,562,000 | $ 520,666 | $ 216,000 |
| Bay, Florida | 2 | $ 351,000 | $ 175,500 | $ 149,000 |
| Osceola, Florida | 2 | $ 375,000 | $ 187,500 | $ 139,000 |
| Garrett, Maryland | 2 | $ 640,000 | $ 320,000 | $ 688,000 |
| Bronx, New York | 2 | $ 249,000 | $ 124,500 | $ 69,000 |
| Adams, Pennsylvania | 2 | $ 478,000 | $ 239,000 | $ 95,000 |
| Centre, Pennsylvania | 2 | $ 513,000 | $ 256,500 | $ 88,000 |
| Lehigh, Pennsylvania | 2 | $ 579,000 | $ 289,500 | $ 105,000 |
| Northampton, Pennsylvania | 2 | $ 390,000 | $ 195,000 | $ 77,000 |
| Washington, Pennsylvania | 2 | $ 545,000 | $ 272,500 | $ 136,000 |
| Chesapeake, Virginia | 2 | $ 844,000 | $ 422,000 | $ 160,000 |
| Fauquier, Virginia | 2 | $ 688,000 | $ 344,000 | $ 122,000 |
| Fredericksburg, Virginia | 2 | $ 410,000 | $ 205,000 | $ 107,000 |
| Henrico, Virginia | 2 | $ 578,000 | $ 289,000 | $ 158,000 |
| Newport News, Virginia | 2 | $ 448,000 | $ 224,000 | $ 116,000 |
| Richmond City, Virginia | 2 | $ 273,000 | $ 136,500 | $ 77,000 |
| Shenandoah, Virginia | 2 | $ 459,000 | $ 229,500 | $ 94,000 |
| Suffolk, Virginia | 2 | $ 428,000 | $ 214,000 | $ 160,000 |
| Broward, Florida | 1 | $ 780,000 | $ 780,000 | $ 283,000 |
| Duval, Florida | 1 | $ 215,000 | $ 215,000 | $ 47,000 |
| Lee, Florida | 1 | $ 300,000 | $ 300,000 | $ 36,000 |
| Clarke, Georgia | 1 | $ 94,000 | $ 94,000 | $ 120,000 |
| Gwinnett, Georgia | 1 | $ 314,000 | $ 314,000 | $ 81,000 |
| Cook, Illinois | 1 | $ 304,000 | $ 304,000 | $ 209,000 |
| Grant, Indiana | 1 | $ 129,000 | $ 129,000 | $ 42,000 |
| Republic, Kansas | 1 | $ 270,000 | $ 270,000 | $ 0 |
| Allegany, Maryland | 1 | $ 116,000 | $ 116,000 | $ 46,000 |
| Somerset, Maryland | 1 | $ 272,000 | $ 272,000 | $ 94,000 |
| Essex, Massachusetts | 1 | $ 564,000 | $ 564,000 | $ 428,000 |
| Camden, New Jersey | 1 | $ 148,000 | $ 148,000 | $ 85,000 |
| Cape May, New Jersey | 1 | $ 564,000 | $ 564,000 | $ 263,000 |
| Santa Fe, New Mexico | 1 | $ 160,000 | $ 160,000 | $ 88,000 |
| Brunswick, North Carolina | 1 | $ 387,000 | $ 387,000 | $ 176,000 |
| Craven, North Carolina | 1 | $ 239,000 | $ 239,000 | $ 19,000 |
| Forsyth, North Carolina | 1 | $ 98,000 | $ 98,000 | $ 140,000 |
| New Hanover, North Carolina | 1 | $ 151,000 | $ 151,000 | $ 42,000 |
| Transylvania, North Carolina | 1 | $ 220,000 | $ 220,000 | $ 81,000 |
| Muskingum, Ohio | 1 | $ 40,000 | $ 40,000 | $ 26,000 |
| Beaver, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 84,000 |
| Butler, Pennsylvania | 1 | $ 210,000 | $ 210,000 | $ 157,000 |
| Cambria, Pennsylvania | 1 | $ 144,000 | $ 144,000 | $ 96,000 |
| Cumberland, Pennsylvania | 1 | $ 233,000 | $ 233,000 | $ 0 |
| Erie, Pennsylvania | 1 | $ 221,000 | $ 221,000 | $ 222,000 |
| Fulton, Pennsylvania | 1 | $ 197,000 | $ 197,000 | $ 52,000 |
| Huntingdon, Pennsylvania | 1 | $ 232,000 | $ 232,000 | $ 130,000 |
| Jefferson, Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 90,000 |
| Juniata, Pennsylvania | 1 | $ 290,000 | $ 290,000 | $ 193,000 |
| Lackawanna, Pennsylvania | 1 | $ 192,000 | $ 192,000 | $ 85,000 |
| Mercer, Pennsylvania | 1 | $ 208,000 | $ 208,000 | $ 94,000 |
| Susquehanna, Pennsylvania | 1 | $ 280,000 | $ 280,000 | $ 154,000 |
| Venango, Pennsylvania | 1 | $ 191,000 | $ 191,000 | $ 115,000 |
| Wyoming, Pennsylvania | 1 | $ 176,000 | $ 176,000 | $ 83,000 |
| Richland, South Carolina | 1 | $ 133,000 | $ 133,000 | $ 42,000 |
| Montgomery, Tennessee | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Windsor, Vermont | 1 | $ 245,000 | $ 245,000 | $ 324,000 |
| Accomack, Virginia | 1 | $ 112,000 | $ 112,000 | $ 19,000 |
| Caroline, Virginia | 1 | $ 190,000 | $ 190,000 | $ 63,000 |
| Charlottesville, Virginia | 1 | $ 248,000 | $ 248,000 | $ 115,000 |
| Clarke, Virginia | 1 | $ 1,720,000 | $ 1,720,000 | $ 0 |
| Culpeper, Virginia | 1 | $ 294,000 | $ 294,000 | $ 161,000 |
| Fairfax City, Virginia | 1 | $ 357,000 | $ 357,000 | $ 250,000 |
| Frederick, Virginia | 1 | $ 182,000 | $ 182,000 | $ 38,000 |
| Giles, Virginia | 1 | $ 193,000 | $ 193,000 | $ 142,000 |
| Goochland, Virginia | 1 | $ 920,000 | $ 920,000 | $ 258,000 |
| Hampton, Virginia | 1 | $ 122,000 | $ 122,000 | $ 125,000 |
| Isle of Wight, Virginia | 1 | $ 170,000 | $ 170,000 | $ 121,000 |
| James City, Virginia | 1 | $ 323,000 | $ 323,000 | $ 101,000 |
| King and Queen, Virginia | 1 | $ 239,000 | $ 239,000 | $ 57,000 |
| King George, Virginia | 1 | $ 375,000 | $ 375,000 | $ 140,000 |
| Mecklenburg, Virginia | 1 | $ 217,000 | $ 217,000 | $ 55,000 |
| Nelson, Virginia | 1 | $ 151,000 | $ 151,000 | $ 42,000 |
| New Kent, Virginia | 1 | $ 259,000 | $ 259,000 | $ 90,000 |
| Norfolk, Virginia | 1 | $ 190,000 | $ 190,000 | $ 80,000 |
| Northumberland, Virginia | 1 | $ 675,000 | $ 675,000 | $ 420,000 |
| Orange, Virginia | 1 | $ 188,000 | $ 188,000 | $ 45,000 |
| Page, Virginia | 1 | $ 77,000 | $ 77,000 | $ 60,000 |
| Pittsylvania, Virginia | 1 | $ 250,000 | $ 250,000 | $ 65,000 |
| Prince George, Virginia | 1 | $ 180,000 | $ 180,000 | $ 31,000 |
| Roanoke, Virginia | 1 | $ 181,000 | $ 181,000 | $ 82,000 |
| Southampton, Virginia | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Warren, Virginia | 1 | $ 624,000 | $ 624,000 | $ 177,000 |
| Westmoreland, Virginia | 1 | $ 82,000 | $ 82,000 | $ 250,000 |
| Wise, Virginia | 1 | $ 108,000 | $ 108,000 | $ 40,000 |
| Wythe, Virginia | 1 | $ 123,000 | $ 123,000 | $ 39,000 |
| Raleigh, West Virginia | 1 | $ 69,000 | $ 69,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Severn Savings Bank, FSB dba Severn Bank 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 | 814 | $261,336,000 | $321,000 | $2,560,000 | $126,000 | $1,152,000 |
| Home Purchase | 381 | $135,060,000 | $354,000 | $1,750,000 | $131,000 | $753,000 |
| Home Improvement | 136 | $52,026,000 | $382,000 | $5,183,000 | $144,000 | $800,000 |
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 | 850 | $288,369,000 | $339,000 | $2,560,000 | $130,000 | $1,152,000 |
| Black or African American | 217 | $64,662,000 | $297,000 | $1,080,000 | $94,000 | $350,000 |
| Not Provided | 141 | $47,148,000 | $334,000 | $2,261,000 | $166,000 | $1,008,000 |
| Hispanic | 55 | $18,401,000 | $334,000 | $731,000 | $141,000 | $649,000 |
| Asian | 49 | $18,414,000 | $375,000 | $1,098,000 | $175,000 | $800,000 |
| Not applicable | 11 | $9,203,000 | $836,000 | $5,183,000 | $0 | $0 |
| American Indian or Alaskan Native | 7 | $2,026,000 | $289,000 | $417,000 | $100,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $199,000 | $199,000 | $199,000 | $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) | 1,032 | $359,508,000 | $348,000 | $5,183,000 | $143,000 | $1,152,000 |
| FHA-insured (Federal Housing Administration) | 226 | $66,329,000 | $293,000 | $636,000 | $81,000 | $261,000 |
| VA-guaranteed (Veterans Administration) | 70 | $21,840,000 | $312,000 | $722,000 | $82,000 | $350,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $745,000 | $248,000 | $366,000 | $56,000 | $68,000 |
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 | 558 | $182,115,000 | $326,000 | $5,183,000 | $119,000 | $864,000 |
| File Closed For Incompleteness | 334 | $110,620,000 | $331,000 | $2,560,000 | $144,000 | $1,150,000 |
| Application Denied By Financial Institution | 219 | $78,007,000 | $356,000 | $1,750,000 | $106,000 | $649,000 |
| Application Withdrawn By Applicant | 213 | $74,768,000 | $351,000 | $2,261,000 | $153,000 | $1,152,000 |
| Application Approved But Not Accepted | 7 | $2,912,000 | $416,000 | $1,350,000 | $165,000 | $308,000 |
| 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 | 78 | $28,648,000 | $367,000 | $1,720,000 | $83,000 | $322,000 |
| Collateral | 54 | $21,238,000 | $393,000 | $1,750,000 | $129,000 | $355,000 |
| Credit History | 48 | $13,337,000 | $277,000 | $800,000 | $105,000 | $350,000 |
| Credit Application Incomplete | 23 | $7,770,000 | $337,000 | $914,000 | $131,000 | $649,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $5,258,000 | $584,000 | $1,080,000 | $153,000 | $285,000 |
| Other | 3 | $728,000 | $242,000 | $350,000 | $94,000 | $127,000 |
| Unverifiable Information | 3 | $844,000 | $281,000 | $576,000 | $34,000 | $54,000 |
| Employment History | 1 | $184,000 | $184,000 | $184,000 | $73,000 | $73,000 |
| 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 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 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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