Sound Community Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Sound Community Bank 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Sound Community Bank 2400 3Rd Avenue Suite150 Seattle, WA 98121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 1,300 |
| Total Mortgage Loan Application Amount | $404,920,000 |
| Average Mortgage Loan Application Amount | $302,750 |
| Highest Mortgage Loan Application Amount | $13,505,000 |
| Average Applicant Income | $148,750 |
| Highest Applicant Income | $3,750,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Sound Community Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Sound Community Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Sound Community Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Sound Community Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Sound Community Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Sound Community Bank's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clallam County Washington | 489 | $ 106,095,000 | $ 216,000 | $ 105,000 |
| King County Washington | 370 | $ 170,090,000 | $ 459,000 | $ 226,000 |
| Pierce County Washington | 119 | $ 42,885,000 | $ 360,000 | $ 157,000 |
| Snohomish County Washington | 103 | $ 27,115,000 | $ 263,000 | $ 119,000 |
| Jefferson County Washington | 54 | $ 13,120,000 | $ 242,000 | $ 117,000 |
| Kitsap County Washington | 27 | $ 8,805,000 | $ 326,000 | $ 167,000 |
| Thurston County Washington | 16 | $ 4,310,000 | $ 269,000 | $ 107,000 |
| Mason County Washington | 10 | $ 2,090,000 | $ 209,000 | $ 92,000 |
| Whatcom County Washington | 8 | $ 2,460,000 | $ 307,000 | $ 219,000 |
| Spokane County Washington | 7 | $ 1,575,000 | $ 225,000 | $ 119,000 |
| Lewis County Washington | 6 | $ 950,000 | $ 158,000 | $ 174,000 |
| Skagit County Washington | 6 | $ 2,060,000 | $ 343,000 | $ 204,000 |
| Riverside County California | 5 | $ 1,495,000 | $ 299,000 | $ 193,000 |
| Chelan County Washington | 5 | $ 2,095,000 | $ 419,000 | $ 371,000 |
| Grant County Washington | 5 | $ 995,000 | $ 199,000 | $ 246,000 |
| Kittitas County Washington | 5 | $ 1,385,000 | $ 277,000 | $ 192,000 |
| San Juan County Washington | 5 | $ 1,715,000 | $ 343,000 | $ 282,000 |
| Kootenai County Idaho | 4 | $ 1,280,000 | $ 320,000 | $ 113,000 |
| Clark County Washington | 4 | $ 1,080,000 | $ 270,000 | $ 127,000 |
| Grays Harbor County Washington | 4 | $ 630,000 | $ 157,000 | $ 162,000 |
| Island County Washington | 4 | $ 980,000 | $ 245,000 | $ 89,000 |
| Columbia County Oregon | 3 | $ 785,000 | $ 261,000 | $ 92,000 |
| Cowlitz County Washington | 3 | $ 615,000 | $ 205,000 | $ 203,000 |
| Maricopa County Arizona | 2 | $ 640,000 | $ 320,000 | $ 577,000 |
| Blaine County Idaho | 2 | $ 660,000 | $ 330,000 | $ 170,000 |
| Latah County Idaho | 2 | $ 420,000 | $ 210,000 | $ 104,000 |
| Clark County Nevada | 2 | $ 550,000 | $ 275,000 | $ 64,000 |
| Deschutes County Oregon | 2 | $ 630,000 | $ 315,000 | $ 241,000 |
| Multnomah County Oregon | 2 | $ 760,000 | $ 380,000 | $ 98,000 |
| Douglas County Washington | 2 | $ 380,000 | $ 190,000 | $ 72,000 |
| Ferry County Washington | 2 | $ 160,000 | $ 80,000 | $ 19,000 |
| Los Angeles County California | 1 | $ 515,000 | $ 515,000 | $ 222,000 |
| San Bernardino County California | 1 | $ 145,000 | $ 145,000 | $ 222,000 |
| San Luis Obispo County California | 1 | $ 285,000 | $ 285,000 | $ 103,000 |
| Santa Clara County California | 1 | $ 265,000 | $ 265,000 | $ 221,000 |
| Yolo County California | 1 | $ 365,000 | $ 365,000 | $ 95,000 |
| Arapahoe County Colorado | 1 | $ 335,000 | $ 335,000 | $ 115,000 |
| Indian River County Florida | 1 | $ 125,000 | $ 125,000 | $ 308,000 |
| Ada County Idaho | 1 | $ 465,000 | $ 465,000 | $ 196,000 |
| Elmore County Idaho | 1 | $ 145,000 | $ 145,000 | $ 135,000 |
| Wayne County Michigan | 1 | $ 25,000 | $ 25,000 | $ 105,000 |
| Gallatin County Montana | 1 | $ 445,000 | $ 445,000 | $ 111,000 |
| Jefferson County New York | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Hood River County Oregon | 1 | $ 195,000 | $ 195,000 | $ 52,000 |
| Klamath County Oregon | 1 | $ 185,000 | $ 185,000 | $ 122,000 |
| Union County Oregon | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Washington County Oregon | 1 | $ 275,000 | $ 275,000 | $ 154,000 |
| Pennington County South Dakota | 1 | $ 365,000 | $ 365,000 | $ 140,000 |
| Utah County Utah | 1 | $ 345,000 | $ 345,000 | $ 81,000 |
| Benton County Washington | 1 | $ 325,000 | $ 325,000 | $ 142,000 |
| Klickitat County Washington | 1 | $ 195,000 | $ 195,000 | $ 161,000 |
| Okanogan County Washington | 1 | $ 515,000 | $ 515,000 | $ 198,000 |
| Yakima County Washington | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Sound Community Bank in 2020
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 | 608 | $199,910,000 | $328,000 | $13,505,000 | $161,000 | $1,323,000 |
| Cash-out Refinancing | 293 | $81,895,000 | $279,000 | $2,545,000 | $133,000 | $1,849,000 |
| Home Purchase | 234 | $78,960,000 | $337,000 | $2,555,000 | $180,000 | $3,750,000 |
| Home Improvement | 165 | $44,155,000 | $267,000 | $865,000 | $121,000 | $1,073,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,011 | $278,315,000 | $275,000 | $2,875,000 | $136,000 | $1,849,000 |
| Not Provided | 125 | $41,725,000 | $333,000 | $1,385,000 | $213,000 | $1,052,000 |
| Asian | 43 | $18,065,000 | $420,000 | $1,225,000 | $218,000 | $926,000 |
| Hispanic | 34 | $8,820,000 | $259,000 | $995,000 | $134,000 | $442,000 |
| Black or African American | 30 | $13,170,000 | $439,000 | $2,555,000 | $398,000 | $3,750,000 |
| Not applicable | 26 | $36,000,000 | $1,384,000 | $13,505,000 | $139,000 | $308,000 |
| American Indian or Alaskan Native | 16 | $3,620,000 | $226,000 | $745,000 | $130,000 | $469,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $345,000 | $345,000 | $345,000 | $81,000 | $81,000 |
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) | 1,284 | $400,480,000 | $311,000 | $13,505,000 | $153,000 | $3,750,000 |
| VA-guaranteed (Veterans Administration) | 14 | $4,020,000 | $287,000 | $415,000 | $125,000 | $256,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $420,000 | $210,000 | $275,000 | $48,000 | $56,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,109 | $345,855,000 | $311,000 | $13,505,000 | $147,000 | $3,750,000 |
| Application Withdrawn By Applicant | 133 | $42,855,000 | $322,000 | $2,555,000 | $198,000 | $3,750,000 |
| Application Denied By Financial Institution | 42 | $11,480,000 | $273,000 | $1,305,000 | $167,000 | $1,849,000 |
| File Closed For Incompleteness | 16 | $4,730,000 | $295,000 | $655,000 | $139,000 | $366,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,258 | $393,440,000 | $312,000 | $13,505,000 | $152,000 | $3,750,000 |
| Debt-To-Income Ratio | 21 | $5,095,000 | $242,000 | $515,000 | $120,000 | $436,000 |
| Employment History | 6 | $1,000,000 | $166,000 | $315,000 | $151,000 | $532,000 |
| Credit History | 5 | $1,535,000 | $307,000 | $455,000 | $128,000 | $172,000 |
| Other | 4 | $2,030,000 | $507,000 | $1,305,000 | $548,000 | $1,849,000 |
| Collateral | 4 | $1,380,000 | $345,000 | $685,000 | $114,000 | $188,000 |
| Unverifiable Information | 2 | $440,000 | $220,000 | $375,000 | $149,000 | $239,000 |
| Credit Application Incomplete | 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 Sound Community Bank's 2020 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 Sound Community 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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.