Silvergate Bank Mortgage Lending & HMDA Data, 2017
In 2017, Silvergate Bank of La Jolla, CA reported 269 mortgage applications totaling $136.9 million, up 51% from 2016. The average application was for $508,754, and applicants reported an average income of $305,271. 59% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (41), Las Vegas-Henderson-Paradise, NV (21) and Riverside-San Bernardino-Ontario, CA (18) (applications in parentheses).
| Mortgage Company & Address | Silvergate Bank 4250 Executive Square Suite 300 La Jolla, CA 92037 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2013 |
| Total Number of Mortgage Applications | 269 |
| Total Mortgage Loan Application Amount | $136,855,000 |
| Average Mortgage Loan Application Amount | $508,754 |
| Highest Mortgage Loan Application Amount | $2,343,000 |
| Average Applicant Income | $305,271 |
| Highest Applicant Income | $3,599,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Silvergate Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 41 | $ 34,629,000 | $ 844,609 | $ 469,000 |
| Las Vegas-Henderson-Paradise, NV | 21 | $ 5,626,000 | $ 267,904 | $ 292,000 |
| Riverside-San Bernardino-Ontario, CA | 18 | $ 6,582,000 | $ 365,666 | $ 366,000 |
| Anaheim-Santa Ana-Irvine, CA | 16 | $ 11,987,000 | $ 749,187 | $ 405,000 |
| San Diego-Carlsbad, CA | 14 | $ 8,863,000 | $ 633,071 | $ 276,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 11 | $ 9,823,000 | $ 893,000 | $ 357,000 |
| Oakland-Hayward-Berkeley, CA | 9 | $ 5,504,000 | $ 611,555 | $ 217,000 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 2,181,000 | $ 242,333 | $ 141,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 2,907,000 | $ 363,375 | $ 370,000 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 1,777,000 | $ 253,857 | $ 200,000 |
| Phoenix-Mesa-Scottsdale, AZ | 7 | $ 1,796,000 | $ 256,571 | $ 132,000 |
| Cambridge-Newton-Framingham, MA | 5 | $ 1,649,000 | $ 329,800 | $ 149,000 |
| Dallas-Plano-Irving, TX | 5 | $ 2,816,000 | $ 563,200 | $ 215,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 1,388,000 | $ 277,600 | $ 111,000 |
| New York-Jersey City-White Plains, NY-NJ | 5 | $ 2,186,000 | $ 437,200 | $ 197,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 2,314,000 | $ 462,800 | $ 116,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,045,000 | $ 261,250 | $ 94,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 2,880,000 | $ 720,000 | $ 419,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,411,000 | $ 352,750 | $ 91,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,520,000 | $ 380,000 | $ 217,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 505,000 | $ 168,333 | $ 83,000 |
| Fresno, CA | 3 | $ 1,140,000 | $ 380,000 | $ 817,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 3 | $ 1,088,000 | $ 362,666 | $ 136,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,108,000 | $ 554,000 | $ 316,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 813,000 | $ 406,500 | $ 181,000 |
| Laredo, TX | 2 | $ 440,000 | $ 220,000 | $ 88,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 350,000 | $ 175,000 | $ 171,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 523,000 | $ 261,500 | $ 139,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 2,471,000 | $ 1,235,500 | $ 325,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 1,689,000 | $ 844,500 | $ 373,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 1,489,000 | $ 744,500 | $ 179,000 |
| Silver Spring-Frederick-Rockville, MD | 2 | $ 924,000 | $ 462,000 | $ 1,629,000 |
| Tacoma-Lakewood, WA | 2 | $ 302,000 | $ 151,000 | $ 47,000 |
| Toledo, OH | 2 | $ 412,000 | $ 206,000 | $ 95,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 383,000 | $ 191,500 | $ 54,000 |
| Akron, OH | 1 | $ 135,000 | $ 135,000 | $ 74,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 1,060,000 | $ 1,060,000 | $ 572,000 |
| Boise City, ID | 1 | $ 120,000 | $ 120,000 | $ 95,000 |
| Boston, MA | 1 | $ 613,000 | $ 613,000 | $ 729,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 696,000 | $ 696,000 | $ 334,000 |
| Camden, NJ | 1 | $ 104,000 | $ 104,000 | $ 53,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 466,000 | $ 466,000 | $ 452,000 |
| El Centro, CA | 1 | $ 172,000 | $ 172,000 | $ 559,000 |
| Fort Worth-Arlington, TX | 1 | $ 278,000 | $ 278,000 | $ 88,000 |
| Harrisburg-Carlisle, PA | 1 | $ 80,000 | $ 80,000 | $ 54,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 728,000 | $ 728,000 | $ 289,000 |
| Lakeland-Winter Haven, FL | 1 | $ 240,000 | $ 240,000 | $ 122,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 640,000 | $ 640,000 | $ 193,000 |
| Modesto, CA | 1 | $ 560,000 | $ 560,000 | $ 569,000 |
| Napa, CA | 1 | $ 350,000 | $ 350,000 | $ 74,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 558,000 | $ 558,000 | $ 354,000 |
| New Orleans-Metairie, LA | 1 | $ 82,000 | $ 82,000 | $ 27,000 |
| Newark, NJ-PA | 1 | $ 398,000 | $ 398,000 | $ 305,000 |
| Ogden-Clearfield, UT | 1 | $ 300,000 | $ 300,000 | $ 150,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 214,000 | $ 214,000 | $ 64,000 |
| Punta Gorda, FL | 1 | $ 224,000 | $ 224,000 | $ 478,000 |
| Reno, NV | 1 | $ 528,000 | $ 528,000 | $ 239,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 447,000 | $ 447,000 | $ 692,000 |
| Salinas, CA | 1 | $ 483,000 | $ 483,000 | $ 220,000 |
| San Rafael, CA | 1 | $ 871,000 | $ 871,000 | $ 103,000 |
| Santa Rosa, CA | 1 | $ 310,000 | $ 310,000 | $ 72,000 |
| Stockton-Lodi, CA | 1 | $ 649,000 | $ 649,000 | $ 529,000 |
| Urban Honolulu, HI | 1 | $ 740,000 | $ 740,000 | $ 157,000 |
| Vallejo-Fairfield, CA | 1 | $ 217,000 | $ 217,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Silvergate Bank in 2017
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 | 199 | $93,877,000 | $471,000 | $2,343,000 | $300,000 | $3,599,000 |
| Refinancing | 68 | $42,379,000 | $623,000 | $1,978,000 | $327,000 | $2,263,000 |
| Home Improvement | 2 | $599,000 | $299,000 | $385,000 | $91,000 | $118,000 |
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 | 154 | $80,115,000 | $520,000 | $1,862,000 | $321,000 | $3,599,000 |
| Asian | 46 | $24,503,000 | $532,000 | $2,343,000 | $317,000 | $3,107,000 |
| Hispanic | 35 | $13,894,000 | $396,000 | $1,621,000 | $211,000 | $1,451,000 |
| Not Provided | 23 | $12,419,000 | $539,000 | $1,978,000 | $354,000 | $1,379,000 |
| Black or African American | 9 | $5,057,000 | $561,000 | $1,060,000 | $233,000 | $572,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $694,000 | $694,000 | $694,000 | $162,000 | $162,000 |
| American Indian or Alaskan Native | 1 | $173,000 | $173,000 | $173,000 | $157,000 | $157,000 |
| 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) | 269 | $136,855,000 | $508,000 | $2,343,000 | $305,000 | $3,599,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 160 | $73,270,000 | $457,000 | $1,815,000 | $299,000 | $3,599,000 |
| Loan Purchased By The Institution | 50 | $31,748,000 | $634,000 | $2,343,000 | $289,000 | $2,400,000 |
| Application Withdrawn By Applicant | 31 | $17,997,000 | $580,000 | $1,860,000 | $282,000 | $2,263,000 |
| Application Denied By Financial Institution | 20 | $8,803,000 | $440,000 | $930,000 | $278,000 | $1,021,000 |
| Application Approved But Not Accepted | 7 | $3,059,000 | $437,000 | $1,059,000 | $574,000 | $2,187,000 |
| File Closed For Incompleteness | 1 | $1,978,000 | $1,978,000 | $1,978,000 | $1,379,000 | $1,379,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Silvergate Bank's 2017 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 Silvergate 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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