Silverstone Financial Inc. Mortgage Lending & HMDA Data, 2005
In 2005, Silverstone Financial Inc. of San Bernardino, CA reported 1,760 mortgage applications totaling $192.0 million, down 22% from 2004. The average application was for $109,078, and applicants reported an average income of $106,284. 29% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (910), Los Angeles-Long Beach-Glendale, CA (408) and Bakersfield, CA (234) (applications in parentheses).
| Mortgage Company & Address | Silverstone Financial Inc. 2700 N. Little Mountain Drive #G-101 San Bernardino, CA 92405 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,760 |
| Total Mortgage Loan Application Amount | $191,979,000 |
| Average Mortgage Loan Application Amount | $109,078 |
| Highest Mortgage Loan Application Amount | $1,070,000 |
| Average Applicant Income | $106,284 |
| Highest Applicant Income | $903,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Silverstone Financial Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 910 | $ 87,273,000 | $ 95,904 | $ 97,000 |
| Los Angeles-Long Beach-Glendale, CA | 408 | $ 54,108,000 | $ 132,617 | $ 108,000 |
| Bakersfield, CA | 234 | $ 25,088,000 | $ 107,213 | $ 90,000 |
| Las Vegas-Paradise, NV | 54 | $ 4,656,000 | $ 86,222 | $ 98,000 |
| Santa Ana-Anaheim-Irvine, CA | 42 | $ 3,997,000 | $ 95,166 | $ 130,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 17 | $ 2,661,000 | $ 156,529 | $ 107,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 16 | $ 2,129,000 | $ 133,062 | $ 171,000 |
| Fresno, CA | 12 | $ 2,447,000 | $ 203,916 | $ 103,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 12 | $ 2,124,000 | $ 177,000 | $ 94,000 |
| San Diego-Carlsbad-San Marcos, CA | 12 | $ 959,000 | $ 79,916 | $ 138,000 |
| Oakland-Fremont-Hayward, CA | 8 | $ 948,000 | $ 118,500 | $ 116,000 |
| Hanford-Corcoran, CA | 6 | $ 1,115,000 | $ 185,833 | $ 73,000 |
| Visalia-Porterville, CA | 3 | $ 483,000 | $ 161,000 | $ 115,000 |
| Carson City, NV | 2 | $ 533,000 | $ 266,500 | $ 324,000 |
| Madera, CA | 2 | $ 325,000 | $ 162,500 | $ 70,000 |
| Modesto, CA | 1 | $ 881,000 | $ 881,000 | $ 396,000 |
| Reno-Sparks, NV | 1 | $ 43,000 | $ 43,000 | $ 77,000 |
| Salinas, CA | 1 | $ 50,000 | $ 50,000 | $ 98,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 320,000 | $ 320,000 | $ 240,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 30,000 | $ 30,000 | $ 84,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 516,000 | $ 516,000 | $ 119,000 |
| Stockton, CA | 1 | $ 138,000 | $ 138,000 | $ 55,000 |
| Yuba City, CA | 1 | $ 110,000 | $ 110,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Silverstone Financial Inc. in 2005
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 Improvement | 1,452 | $116,763,000 | $78,000 | $1,070,000 | $108,500 | $903,000 |
| Refinancing | 230 | $57,805,000 | $201,500 | $881,000 | $113,000 | $840,000 |
| Home Purchase | 78 | $17,411,000 | $183,500 | $810,000 | $79,000 | $246,000 |
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 | 1,000 | $123,421,000 | $110,500 | $1,070,000 | $111,000 | $396,000 |
| Hispanic | 591 | $54,088,000 | $63,500 | $727,000 | $91,000 | $840,000 |
| Black or African American | 94 | $7,965,000 | $63,000 | $520,000 | $100,000 | $903,000 |
| Asian | 47 | $4,635,000 | $72,500 | $742,000 | $117,000 | $360,000 |
| Native Hawaiian or Other Pacific Islander | 24 | $1,156,000 | $62,500 | $250,000 | $109,000 | $474,000 |
| Not Provided | 3 | $675,000 | $225,000 | $358,000 | $83,000 | $138,000 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $264,000 | $264,000 |
| 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) | 1,759 | $191,540,000 | $100,000 | $1,070,000 | $107,000 | $903,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $439,000 | $439,000 | $439,000 | $138,000 | $138,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 637 | $89,185,000 | $107,000 | $1,070,000 | $94,500 | $480,000 |
| Loan Originated | 511 | $48,387,000 | $93,500 | $810,000 | $134,500 | $360,000 |
| Application Denied By Financial Institution | 454 | $37,621,000 | $93,500 | $930,000 | $94,500 | $903,000 |
| Application Approved But Not Accepted | 157 | $16,754,000 | $102,500 | $683,000 | $97,000 | $250,000 |
| File Closed For Incompleteness | 1 | $32,000 | $32,000 | $32,000 | $42,000 | $42,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 397 | $34,658,000 | $92,500 | $930,000 | $85,500 | $903,000 |
| Credit History | 38 | $2,356,000 | $116,500 | $315,000 | $146,000 | $836,000 |
| Debt-To-Income Ratio | 17 | $559,000 | $32,000 | $77,000 | $61,000 | $140,000 |
| Collateral | 2 | $48,000 | $24,000 | $24,000 | $77,000 | $77,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Silverstone Financial Inc.'s 2005 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 Silverstone Financial Inc.'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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