Santander Bank, N.A. Mortgage Lending & HMDA Data, 2011
In 2011, Santander Bank, N.A. of Wilmington, DE reported 27,043 mortgage applications totaling $7.1 billion. The average application was for $263,715, and applicants reported an average income of $122,655. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Philadelphia, PA (2,948), Boston-Quincy, MA (2,740) and Providence-New Bedford-Fall River, RI-MA (2,546) (applications in parentheses).
| Mortgage Company & Address | Santander Bank, N.A. 824 North Market Street, Suite 100 Wilmington, DE 19801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 27,043 |
| Total Mortgage Loan Application Amount | $7,131,654,000 |
| Average Mortgage Loan Application Amount | $263,715 |
| Highest Mortgage Loan Application Amount | $50,000,000 |
| Average Applicant Income | $122,655 |
| Highest Applicant Income | $5,383,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Santander Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Philadelphia, PA | 2,948 | $ 782,410,000 | $ 265,403 | $ 122,000 |
| Boston-Quincy, MA | 2,740 | $ 812,627,000 | $ 296,579 | $ 141,000 |
| Providence-New Bedford-Fall River, RI-MA | 2,546 | $ 474,182,000 | $ 186,245 | $ 105,194 |
| Cambridge-Newton-Framingham, MA | 2,437 | $ 781,593,000 | $ 320,719 | $ 154,000 |
| Edison-New Brunswick, NJ | 1,942 | $ 436,366,000 | $ 224,699 | $ 122,000 |
| New York-White Plains-Wayne, NY-NJ | 1,829 | $ 877,220,000 | $ 479,617 | $ 131,027 |
| Peabody, MA | 1,133 | $ 263,530,000 | $ 232,594 | $ 113,000 |
| Newark-Union, NJ-PA | 1,010 | $ 247,867,000 | $ 245,412 | $ 116,623 |
| Hartford-West Hartford-East Hartford, CT | 919 | $ 177,506,000 | $ 193,151 | $ 111,000 |
| Worcester, MA | 910 | $ 183,803,000 | $ 201,981 | $ 107,000 |
| Reading, PA | 752 | $ 102,398,000 | $ 136,167 | $ 78,000 |
| Barnstable Town, MA | 613 | $ 156,561,000 | $ 255,401 | $ 155,000 |
| Lancaster, PA | 495 | $ 64,339,000 | $ 129,977 | $ 77,000 |
| Harrisburg-Carlisle, PA | 485 | $ 71,968,000 | $ 148,387 | $ 86,000 |
| York-Hanover, PA | 415 | $ 46,205,000 | $ 111,337 | $ 72,000 |
| Williamsport, PA | 410 | $ 43,022,000 | $ 104,931 | $ 78,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 398 | $ 66,032,000 | $ 165,909 | $ 108,417 |
| Rockingham County-Strafford County, NH | 365 | $ 78,954,000 | $ 216,312 | $ 109,000 |
| Springfield, MA | 268 | $ 43,043,000 | $ 160,608 | $ 77,000 |
| Trenton-Ewing, NJ | 238 | $ 55,917,000 | $ 234,945 | $ 129,000 |
| Manchester-Nashua, NH | 234 | $ 40,086,000 | $ 171,307 | $ 89,000 |
| New Haven-Milford, CT | 230 | $ 51,988,000 | $ 226,034 | $ 117,000 |
| Albany-Schenectady-Troy, NY | 228 | $ 41,364,000 | $ 181,421 | $ 104,000 |
| Camden, NJ | 227 | $ 111,747,000 | $ 492,277 | $ 111,000 |
| Bridgeport-Stamford-Norwalk, CT | 222 | $ 100,478,000 | $ 452,603 | $ 235,000 |
| Nassau-Suffolk, NY | 189 | $ 62,161,000 | $ 328,894 | $ 146,000 |
| Baltimore-Towson, MD | 141 | $ 124,851,000 | $ 885,468 | $ 155,000 |
| Wilmington, DE-MD-NJ | 134 | $ 103,514,000 | $ 772,492 | $ 110,932 |
| Lebanon, PA | 125 | $ 15,944,000 | $ 127,552 | $ 67,000 |
| Ocean City, NJ | 91 | $ 29,906,000 | $ 328,637 | $ 211,000 |
| Bethesda-Rockville-Frederick, MD | 85 | $ 91,453,000 | $ 1,075,917 | $ 227,000 |
| Buffalo-Niagara Falls, NY | 73 | $ 9,156,000 | $ 125,424 | $ 84,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 70 | $ 100,191,000 | $ 1,431,300 | $ 153,542 |
| Portland-South Portland-Biddeford, ME | 68 | $ 19,939,000 | $ 293,220 | $ 165,000 |
| State College, PA | 62 | $ 8,254,000 | $ 133,129 | $ 75,000 |
| Chicago-Joliet-Naperville, IL | 55 | $ 11,941,000 | $ 217,109 | $ 100,000 |
| Atlantic City-Hammonton, NJ | 45 | $ 15,919,000 | $ 353,755 | $ 281,000 |
| Glens Falls, NY | 43 | $ 5,377,000 | $ 125,046 | $ 86,000 |
| Pittsfield, MA | 35 | $ 13,326,000 | $ 380,742 | $ 232,000 |
| Norwich-New London, CT | 32 | $ 6,925,000 | $ 216,406 | $ 131,000 |
| Hagerstown-Martinsburg, MD-WV | 25 | $ 4,062,000 | $ 162,480 | $ 88,000 |
| Scranton--Wilkes-Barre, PA | 24 | $ 13,002,000 | $ 541,750 | $ 78,000 |
| Pittsburgh, PA | 22 | $ 3,158,000 | $ 143,545 | $ 102,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 14 | $ 3,710,000 | $ 265,000 | $ 128,000 |
| St. Louis, MO-IL | 13 | $ 1,871,000 | $ 143,923 | $ 77,000 |
| Rochester, NY | 12 | $ 1,441,000 | $ 120,083 | $ 79,000 |
| Burlington-South Burlington, VT | 8 | $ 1,888,000 | $ 236,000 | $ 87,000 |
| Denver-Aurora-Broomfield, CO | 8 | $ 1,308,000 | $ 163,500 | $ 117,000 |
| Kansas City, MO-KS | 8 | $ 1,334,000 | $ 166,750 | $ 152,000 |
| Warren-Troy-Farmington Hills, MI | 8 | $ 1,258,000 | $ 157,250 | $ 90,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 1,727,000 | $ 246,714 | $ 372,000 |
| Dover, DE | 7 | $ 5,603,000 | $ 800,428 | $ 37,000 |
| Indianapolis-Carmel, IN | 7 | $ 998,000 | $ 142,571 | $ 73,000 |
| Kingston, NY | 7 | $ 871,000 | $ 124,428 | $ 77,000 |
| Naples-Marco Island, FL | 7 | $ 2,038,000 | $ 291,142 | $ 370,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 1,808,000 | $ 258,285 | $ 81,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 6 | $ 815,000 | $ 135,833 | $ 49,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 6 | $ 4,314,000 | $ 719,000 | $ 511,000 |
| Evansville, IN-KY | 5 | $ 879,000 | $ 175,800 | $ 97,000 |
| Gary, IN | 5 | $ 718,000 | $ 143,600 | $ 53,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 673,000 | $ 168,250 | $ 73,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,211,000 | $ 302,750 | $ 498,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 828,000 | $ 207,000 | $ 115,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 561,000 | $ 140,250 | $ 72,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 409,000 | $ 102,250 | $ 73,000 |
| Vineland-Millville-Bridgeton, NJ | 4 | $ 4,308,000 | $ 1,077,000 | $ 82,000 |
| Altoona, PA | 3 | $ 454,000 | $ 151,333 | $ 119,000 |
| Huntsville, AL | 3 | $ 609,000 | $ 203,000 | $ 131,000 |
| Jacksonville, FL | 3 | $ 431,000 | $ 143,666 | $ 70,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 907,000 | $ 302,333 | $ 101,000 |
| Richmond, VA | 3 | $ 324,000 | $ 108,000 | $ 141,000 |
| Syracuse, NY | 3 | $ 508,000 | $ 169,333 | $ 74,000 |
| Utica-Rome, NY | 3 | $ 298,000 | $ 99,333 | $ 52,000 |
| Winston-Salem, NC | 3 | $ 828,000 | $ 276,000 | $ 86,000 |
| Ann Arbor, MI | 2 | $ 316,000 | $ 158,000 | $ 76,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 222,000 | $ 111,000 | $ 79,500 |
| Bellingham, WA | 2 | $ 477,000 | $ 238,500 | $ 67,000 |
| Binghamton, NY | 2 | $ 236,000 | $ 118,000 | $ 117,000 |
| Bloomington, IN | 2 | $ 251,000 | $ 125,500 | $ 67,000 |
| Canton-Massillon, OH | 2 | $ 349,000 | $ 174,500 | $ 165,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 475,000 | $ 237,500 | $ 317,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 296,000 | $ 148,000 | $ 110,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 354,000 | $ 177,000 | $ 64,000 |
| Columbus, OH | 2 | $ 326,000 | $ 163,000 | $ 59,000 |
| Dayton, OH | 2 | $ 314,000 | $ 157,000 | $ 138,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 384,000 | $ 192,000 | $ 290,000 |
| Erie, PA | 2 | $ 376,000 | $ 188,000 | $ 60,000 |
| Greensboro-High Point, NC | 2 | $ 203,000 | $ 101,500 | $ 34,000 |
| Lewiston-Auburn, ME | 2 | $ 205,000 | $ 102,500 | $ 37,000 |
| Montgomery, AL | 2 | $ 479,000 | $ 239,500 | $ 194,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 340,000 | $ 170,000 | $ 0 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 292,000 | $ 146,000 | $ 197,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 337,000 | $ 168,500 | $ 148,000 |
| Phoenix-Mesa-Glendale, AZ | 2 | $ 506,000 | $ 253,000 | $ 308,000 |
| Port St. Lucie, FL | 2 | $ 503,000 | $ 251,500 | $ 55,000 |
| Raleigh-Cary, NC | 2 | $ 479,000 | $ 239,500 | $ 127,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 473,000 | $ 236,500 | $ 148,000 |
| Albuquerque, NM | 1 | $ 152,000 | $ 152,000 | $ 51,000 |
| Auburn-Opelika, AL | 1 | $ 138,000 | $ 138,000 | $ 168,000 |
| Austin-Round Rock-San Marcos, TX | 1 | $ 83,000 | $ 83,000 | $ 86,000 |
| Bangor, ME | 1 | $ 98,000 | $ 98,000 | $ 54,000 |
| Birmingham-Hoover, AL | 1 | $ 27,000 | $ 27,000 | $ 78,000 |
| Charlottesville, VA | 1 | $ 176,000 | $ 176,000 | $ 47,000 |
| Cleveland, TN | 1 | $ 236,000 | $ 236,000 | $ 130,000 |
| Colorado Springs, CO | 1 | $ 234,000 | $ 234,000 | $ 80,000 |
| Durham-Chapel Hill, NC | 1 | $ 40,000 | $ 40,000 | $ 107,000 |
| Elmira, NY | 1 | $ 40,000 | $ 40,000 | $ 34,000 |
| Florence-Muscle Shoals, AL | 1 | $ 127,000 | $ 127,000 | $ 209,000 |
| Fort Wayne, IN | 1 | $ 301,000 | $ 301,000 | $ 187,000 |
| Fresno, CA | 1 | $ 333,000 | $ 333,000 | $ 103,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 80,000 | $ 80,000 | $ 36,000 |
| Honolulu, HI | 1 | $ 380,000 | $ 380,000 | $ 150,000 |
| Ithaca, NY | 1 | $ 80,000 | $ 80,000 | $ 1,104,000 |
| Johnstown, PA | 1 | $ 161,000 | $ 161,000 | $ 86,000 |
| Lynchburg, VA | 1 | $ 108,000 | $ 108,000 | $ 63,000 |
| Madison, WI | 1 | $ 147,000 | $ 147,000 | $ 103,000 |
| Memphis, TN-MS-AR | 1 | $ 70,000 | $ 70,000 | $ 31,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 235,000 | $ 235,000 | $ 91,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 160,000 | $ 160,000 | $ 46,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 204,000 | $ 204,000 | $ 161,000 |
| Ocala, FL | 1 | $ 99,000 | $ 99,000 | $ 157,000 |
| Palm Coast, FL | 1 | $ 400,000 | $ 400,000 | $ 332,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 212,000 | $ 212,000 | $ 984,000 |
| Salisbury, MD | 1 | $ 93,000 | $ 93,000 | $ 99,000 |
| Sebastian-Vero Beach, FL | 1 | $ 52,000 | $ 52,000 | $ 14,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 77,000 | $ 77,000 | $ 39,000 |
| Spartanburg, SC | 1 | $ 221,000 | $ 221,000 | $ 50,000 |
| Visalia-Porterville, CA | 1 | $ 185,000 | $ 185,000 | $ 57,000 |
| Winchester, VA-WV | 1 | $ 90,000 | $ 90,000 | $ 30,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 106,000 | $ 106,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Santander Bank, N.A. in 2011
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 | 19,220 | $5,189,264,000 | $269,000 | $49,000,000 | $127,000 | $5,383,000 |
| Home Purchase | 6,159 | $1,789,634,000 | $290,000 | $50,000,000 | $119,000 | $2,610,000 |
| Home Improvement | 1,664 | $152,756,000 | $91,000 | $3,750,000 | $86,000 | $789,000 |
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 | 21,274 | $5,042,039,000 | $237,000 | $8,700,000 | $129,000 | $5,383,000 |
| Not Provided | 1,637 | $369,352,000 | $225,000 | $2,000,000 | $136,000 | $2,020,000 |
| Asian | 1,442 | $385,688,000 | $267,000 | $1,630,000 | $122,000 | $1,025,000 |
| Hispanic | 1,307 | $214,313,000 | $163,000 | $2,100,000 | $69,000 | $1,004,000 |
| Black or African American | 962 | $154,065,000 | $160,000 | $2,000,000 | $73,000 | $550,000 |
| Not applicable | 289 | $936,344,000 | $3,239,000 | $50,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 71 | $16,900,000 | $238,000 | $835,000 | $103,000 | $353,000 |
| Native Hawaiian or Other Pacific Islander | 61 | $12,953,000 | $212,000 | $1,000,000 | $110,000 | $492,000 |
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) | 25,398 | $6,821,048,000 | $268,000 | $50,000,000 | $127,000 | $5,383,000 |
| FHA-insured (Federal Housing Administration) | 1,512 | $284,652,000 | $188,000 | $716,000 | $64,000 | $366,000 |
| VA-guaranteed (Veterans Administration) | 91 | $18,498,000 | $203,000 | $408,000 | $70,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 42 | $7,456,000 | $177,000 | $432,000 | $50,000 | $92,000 |
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 | 18,989 | $4,881,296,000 | $257,000 | $50,000,000 | $124,000 | $3,586,000 |
| Application Denied By Financial Institution | 4,635 | $1,045,463,000 | $225,000 | $19,000,000 | $101,000 | $5,383,000 |
| Application Withdrawn By Applicant | 1,612 | $435,455,000 | $270,000 | $9,000,000 | $121,000 | $2,051,000 |
| Application Approved But Not Accepted | 1,056 | $380,365,000 | $360,000 | $49,000,000 | $125,000 | $1,430,000 |
| Loan Purchased By The Institution | 580 | $330,755,000 | $570,000 | $2,000,000 | $280,000 | $2,610,000 |
| Preapproval Denied by Financial Institution | 88 | $16,043,000 | $182,000 | $618,000 | $53,000 | $239,000 |
| File Closed For Incompleteness | 83 | $42,277,000 | $509,000 | $10,600,000 | $108,000 | $570,000 |
| Preapproval Approved but not Accepted | 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 | 1,793 | $419,469,000 | $233,000 | $12,250,000 | $108,000 | $2,400,000 |
| Debt-To-Income Ratio | 781 | $164,911,000 | $211,000 | $2,275,000 | $66,000 | $737,000 |
| Credit Application Incomplete | 735 | $206,116,000 | $280,000 | $2,000,000 | $143,000 | $5,257,000 |
| Credit History | 552 | $103,228,000 | $187,000 | $19,000,000 | $66,000 | $704,000 |
| Other | 521 | $95,083,000 | $182,000 | $4,500,000 | $108,000 | $5,383,000 |
| Unverifiable Information | 211 | $39,925,000 | $189,000 | $1,900,000 | $82,000 | $734,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 63 | $17,500,000 | $277,000 | $835,000 | $134,000 | $559,000 |
| Employment History | 61 | $13,481,000 | $221,000 | $2,000,000 | $73,000 | $472,000 |
| Mortgage Insurance Denied | 5 | $1,723,000 | $344,000 | $475,000 | $103,000 | $184,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Santander Bank, N.A.'s 2011 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 Santander Bank, N.A.'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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