Sound Community Bank Mortgage Lending & HMDA Data, 2021
In 2021, Sound Community Bank of Seattle, WA reported 892 mortgage applications totaling $322.4 million, down 31% from 2020. The average application was for $361,390, and applicants reported an average income of $157,558. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (321), Tacoma-Lakewood, WA (82) and Bremerton-Silverdale, WA (34) (applications in parentheses).
| 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 | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 892 |
| Total Mortgage Loan Application Amount | $322,360,000 |
| Average Mortgage Loan Application Amount | $361,390 |
| Highest Mortgage Loan Application Amount | $8,005,000 |
| Average Applicant Income | $157,558 |
| Highest Applicant Income | $8,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sound Community Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Clallam, Washington | 302 | $ 71,250,000 | $ 235,927 | $ 98,000 |
| King, Washington | 250 | $ 145,620,000 | $ 582,480 | $ 228,000 |
| Pierce, Washington | 82 | $ 22,000,000 | $ 268,292 | $ 232,000 |
| Snohomish, Washington | 71 | $ 20,555,000 | $ 289,507 | $ 103,000 |
| Jefferson, Washington | 37 | $ 9,845,000 | $ 266,081 | $ 151,000 |
| Kitsap, Washington | 34 | $ 7,140,000 | $ 210,000 | $ 121,000 |
| Whatcom, Washington | 13 | $ 3,225,000 | $ 248,076 | $ 187,000 |
| Maricopa, Arizona | 11 | $ 6,345,000 | $ 576,818 | $ 324,000 |
| Island, Washington | 10 | $ 4,250,000 | $ 425,000 | $ 97,000 |
| Thurston, Washington | 8 | $ 1,630,000 | $ 203,750 | $ 86,000 |
| Kittitas, Washington | 7 | $ 5,325,000 | $ 760,714 | $ 231,000 |
| Mason, Washington | 6 | $ 1,420,000 | $ 236,666 | $ 138,000 |
| Multnomah, Oregon | 5 | $ 2,325,000 | $ 465,000 | $ 114,000 |
| Chelan, Washington | 5 | $ 2,755,000 | $ 551,000 | $ 223,000 |
| Clark, Washington | 4 | $ 960,000 | $ 240,000 | $ 79,000 |
| San Bernardino, California | 3 | $ 845,000 | $ 281,666 | $ 134,000 |
| Bonner, Idaho | 2 | $ 1,400,000 | $ 700,000 | $ 0 |
| Kootenai, Idaho | 2 | $ 830,000 | $ 415,000 | $ 63,000 |
| Clark, Nevada | 2 | $ 860,000 | $ 430,000 | $ 300,000 |
| Grant, Washington | 2 | $ 600,000 | $ 300,000 | $ 114,000 |
| Grays Harbor, Washington | 2 | $ 400,000 | $ 200,000 | $ 67,000 |
| Lewis, Washington | 2 | $ 300,000 | $ 150,000 | $ 58,000 |
| San Juan, Washington | 2 | $ 890,000 | $ 445,000 | $ 183,000 |
| Skagit, Washington | 2 | $ 300,000 | $ 150,000 | $ 108,000 |
| Mobile, Alabama | 1 | $ 365,000 | $ 365,000 | $ 189,000 |
| Cochise, Arizona | 1 | $ 255,000 | $ 255,000 | $ 220,000 |
| Coconino, Arizona | 1 | $ 455,000 | $ 455,000 | $ 178,000 |
| Pima, Arizona | 1 | $ 225,000 | $ 225,000 | $ 112,000 |
| Pinal, Arizona | 1 | $ 65,000 | $ 65,000 | $ 36,000 |
| Yavapai, Arizona | 1 | $ 265,000 | $ 265,000 | $ 76,000 |
| Humboldt, California | 1 | $ 195,000 | $ 195,000 | $ 77,000 |
| Los Angeles, California | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Merced, California | 1 | $ 225,000 | $ 225,000 | $ 143,000 |
| Riverside, California | 1 | $ 915,000 | $ 915,000 | $ 234,000 |
| San Diego, California | 1 | $ 915,000 | $ 915,000 | $ 0 |
| Solano, California | 1 | $ 785,000 | $ 785,000 | $ 0 |
| Ventura, California | 1 | $ 375,000 | $ 375,000 | $ 164,000 |
| Honolulu, Hawaii | 1 | $ 1,495,000 | $ 1,495,000 | $ 247,000 |
| Blaine, Idaho | 1 | $ 955,000 | $ 955,000 | $ 694,000 |
| Canyon, Idaho | 1 | $ 325,000 | $ 325,000 | $ 194,000 |
| Lincoln, Montana | 1 | $ 225,000 | $ 225,000 | $ 35,000 |
| Bergen, New Jersey | 1 | $ 525,000 | $ 525,000 | $ 798,000 |
| Cumberland, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 113,000 |
| Klamath, Oregon | 1 | $ 75,000 | $ 75,000 | $ 145,000 |
| Lane, Oregon | 1 | $ 285,000 | $ 285,000 | $ 108,000 |
| Benton, Washington | 1 | $ 85,000 | $ 85,000 | $ 130,000 |
| Cowlitz, Washington | 1 | $ 25,000 | $ 25,000 | $ 24,000 |
| Douglas, Washington | 1 | $ 255,000 | $ 255,000 | $ 176,000 |
| Okanogan, Washington | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Skamania, Washington | 1 | $ 495,000 | $ 495,000 | $ 113,000 |
| Yakima, Washington | 1 | $ 245,000 | $ 245,000 | $ 305,000 |
| Albany, Wyoming | 1 | $ 135,000 | $ 135,000 | $ 285,000 |
Mortgage Loan Application Detail Totals for Sound Community Bank in 2021
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 326 | $105,940,000 | $324,000 | $2,405,000 | $133,000 | $2,062,000 |
| Refinancing | 286 | $99,200,000 | $346,000 | $1,825,000 | $144,000 | $1,427,000 |
| Home Purchase | 280 | $117,220,000 | $418,000 | $8,005,000 | $200,000 | $8,500,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 677 | $223,385,000 | $329,000 | $8,005,000 | $162,000 | $8,500,000 |
| Not Provided | 81 | $28,935,000 | $357,000 | $1,995,000 | $134,000 | $1,350,000 |
| Not applicable | 37 | $39,475,000 | $1,066,000 | $5,885,000 | $0 | $0 |
| Hispanic | 33 | $7,835,000 | $237,000 | $1,615,000 | $138,000 | $1,427,000 |
| Asian | 25 | $8,285,000 | $331,000 | $1,305,000 | $180,000 | $1,258,000 |
| Black or African American | 13 | $5,365,000 | $412,000 | $1,825,000 | $119,000 | $333,000 |
| American Indian or Alaskan Native | 7 | $2,405,000 | $343,000 | $535,000 | $124,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $630,000 | $315,000 | $475,000 | $149,000 | $222,000 |
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) | 892 | $322,360,000 | $361,000 | $8,005,000 | $158,000 | $8,500,000 |
| 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 | 696 | $245,410,000 | $352,000 | $8,005,000 | $168,000 | $8,500,000 |
| Application Withdrawn By Applicant | 110 | $34,470,000 | $313,000 | $2,405,000 | $119,000 | $540,000 |
| Application Denied By Financial Institution | 33 | $8,535,000 | $258,000 | $1,305,000 | $88,000 | $255,000 |
| Loan Purchased By The Institution | 28 | $24,290,000 | $867,000 | $1,505,000 | $0 | $0 |
| File Closed For Incompleteness | 25 | $9,655,000 | $386,000 | $1,825,000 | $142,000 | $959,000 |
| Application Approved But Not Accepted | 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 | 859 | $313,825,000 | $365,000 | $8,005,000 | $160,000 | $8,500,000 |
| Credit History | 8 | $1,700,000 | $212,000 | $465,000 | $67,000 | $98,000 |
| Debt-To-Income Ratio | 8 | $2,870,000 | $358,000 | $1,305,000 | $104,000 | $255,000 |
| Collateral | 7 | $1,545,000 | $220,000 | $425,000 | $66,000 | $119,000 |
| Other | 3 | $615,000 | $205,000 | $395,000 | $99,000 | $185,000 |
| Employment History | 2 | $390,000 | $195,000 | $345,000 | $79,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $285,000 | $184,000 | $194,000 |
| Mortgage Insurance Denied | 1 | $485,000 | $485,000 | $485,000 | $95,000 | $95,000 |
| Unverifiable Information | 1 | $205,000 | $205,000 | $205,000 | $57,000 | $57,000 |
| Credit Application Incomplete | 1 | $405,000 | $405,000 | $405,000 | $92,000 | $92,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sound Community Bank's 2021 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.
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