Santander Bank, N.A. Mortgage Lending & HMDA Data, 2016
In 2016, Santander Bank, N.A. of Wilmington, DE reported 15,615 mortgage applications totaling $5.3 billion, up 1% from 2015. The average application was for $340,684, and applicants reported an average income of $141,360. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (2,880), Cambridge-Newton-Framingham, MA (2,172) and Boston, MA (1,775) (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 | 15,615 |
| Total Mortgage Loan Application Amount | $5,319,792,000 |
| Average Mortgage Loan Application Amount | $340,684 |
| Highest Mortgage Loan Application Amount | $51,400,000 |
| Average Applicant Income | $141,360 |
| Highest Applicant Income | $5,835,000 |
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Act (HMDA) records Santander Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 2,880 | $ 1,176,877,000 | $ 408,637 | $ 147,077 |
| Cambridge-Newton-Framingham, MA | 2,172 | $ 798,450,000 | $ 367,610 | $ 149,000 |
| Boston, MA | 1,775 | $ 629,833,000 | $ 354,835 | $ 146,000 |
| Providence-Warwick, RI-MA | 1,491 | $ 334,753,000 | $ 224,515 | $ 108,386 |
| Montgomery County-Bucks County-Chester County, PA | 850 | $ 352,514,000 | $ 414,722 | $ 189,000 |
| Newark, NJ-PA | 706 | $ 257,773,000 | $ 365,117 | $ 164,348 |
| Worcester, MA-CT | 524 | $ 126,836,000 | $ 242,053 | $ 113,198 |
| Philadelphia, PA | 512 | $ 157,991,000 | $ 308,576 | $ 133,000 |
| Reading, PA | 382 | $ 57,721,000 | $ 151,102 | $ 87,000 |
| Nassau County-Suffolk County, NY | 359 | $ 143,483,000 | $ 399,674 | $ 169,000 |
| Barnstable Town, MA | 355 | $ 103,804,000 | $ 292,405 | $ 185,000 |
| Hartford-West Hartford-East Hartford, CT | 292 | $ 64,532,000 | $ 221,000 | $ 104,000 |
| Albany-Schenectady-Troy, NY | 288 | $ 61,410,000 | $ 213,229 | $ 115,000 |
| Camden, NJ | 185 | $ 55,837,000 | $ 301,821 | $ 120,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 184 | $ 29,348,000 | $ 159,500 | $ 90,646 |
| Rockingham County-Strafford County, NH | 170 | $ 47,979,000 | $ 282,229 | $ 158,000 |
| Bridgeport-Stamford-Norwalk, CT | 148 | $ 73,983,000 | $ 499,885 | $ 234,000 |
| Lancaster, PA | 142 | $ 22,863,000 | $ 161,007 | $ 83,000 |
| Williamsport, PA | 126 | $ 16,994,000 | $ 134,873 | $ 71,000 |
| Trenton, NJ | 121 | $ 33,464,000 | $ 276,561 | $ 151,000 |
| Harrisburg-Carlisle, PA | 115 | $ 16,825,000 | $ 146,304 | $ 78,000 |
| Manchester-Nashua, NH | 114 | $ 27,764,000 | $ 243,543 | $ 107,000 |
| Wilmington, DE-MD-NJ | 95 | $ 46,360,000 | $ 488,000 | $ 147,315 |
| York-Hanover, PA | 94 | $ 12,015,000 | $ 127,819 | $ 82,000 |
| New Haven-Milford, CT | 86 | $ 31,778,000 | $ 369,511 | $ 98,000 |
| Baltimore-Columbia-Towson, MD | 79 | $ 83,570,000 | $ 1,057,848 | $ 227,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 60 | $ 9,716,000 | $ 161,933 | $ 99,000 |
| Springfield, MA | 56 | $ 27,943,000 | $ 498,982 | $ 105,000 |
| Portland-South Portland, ME | 52 | $ 19,932,000 | $ 383,307 | $ 274,000 |
| Ocean City, NJ | 51 | $ 24,170,000 | $ 473,921 | $ 388,000 |
| Lebanon, PA | 44 | $ 5,708,000 | $ 129,727 | $ 77,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 39 | $ 97,068,000 | $ 2,488,923 | $ 262,871 |
| Atlantic City-Hammonton, NJ | 33 | $ 9,131,000 | $ 276,696 | $ 334,000 |
| Pittsfield, MA | 33 | $ 9,365,000 | $ 283,787 | $ 156,000 |
| Salisbury, MD-DE | 26 | $ 11,558,000 | $ 444,538 | $ 252,769 |
| Silver Spring-Frederick-Rockville, MD | 23 | $ 24,224,000 | $ 1,053,217 | $ 250,000 |
| Chicago-Naperville-Arlington Heights, IL | 20 | $ 3,273,000 | $ 163,650 | $ 85,000 |
| Dutchess County-Putnam County, NY | 20 | $ 17,021,000 | $ 851,050 | $ 113,000 |
| Bloomsburg-Berwick, PA | 19 | $ 3,259,000 | $ 171,526 | $ 90,000 |
| State College, PA | 17 | $ 2,799,000 | $ 164,647 | $ 104,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 14 | $ 1,714,000 | $ 122,428 | $ 76,000 |
| Glens Falls, NY | 12 | $ 2,160,000 | $ 180,000 | $ 110,000 |
| Rochester, NY | 12 | $ 3,953,000 | $ 329,416 | $ 193,000 |
| East Stroudsburg, PA | 11 | $ 1,376,000 | $ 125,090 | $ 148,000 |
| Miami-Miami Beach-Kendall, FL | 11 | $ 24,762,000 | $ 2,251,090 | $ 55,000 |
| Norwich-New London, CT | 10 | $ 2,699,000 | $ 269,900 | $ 314,000 |
| Oakland-Hayward-Berkeley, CA | 10 | $ 3,071,000 | $ 307,100 | $ 81,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 9 | $ 5,212,000 | $ 579,111 | $ 189,000 |
| Dover, DE | 8 | $ 1,657,000 | $ 207,125 | $ 112,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 1,971,000 | $ 328,500 | $ 317,000 |
| Charlotte-Concord-Gastonia, NC-SC | 6 | $ 28,434,000 | $ 4,739,000 | $ 165,000 |
| Gettysburg, PA | 6 | $ 1,038,000 | $ 173,000 | $ 94,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 1,418,000 | $ 236,333 | $ 176,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 853,000 | $ 142,166 | $ 90,000 |
| Warren-Troy-Farmington Hills, MI | 6 | $ 750,000 | $ 125,000 | $ 63,000 |
| Kingston, NY | 5 | $ 935,000 | $ 187,000 | $ 72,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 1,024,000 | $ 204,800 | $ 106,000 |
| Pittsburgh, PA | 5 | $ 8,497,000 | $ 1,699,400 | $ 123,000 |
| Burlington-South Burlington, VT | 4 | $ 1,102,000 | $ 275,500 | $ 119,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 1,130,000 | $ 282,500 | $ 239,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 875,000 | $ 218,750 | $ 86,000 |
| Greensboro-High Point, NC | 4 | $ 381,000 | $ 95,250 | $ 31,000 |
| Vineland-Bridgeton, NJ | 4 | $ 13,058,000 | $ 3,264,500 | $ 33,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 387,000 | $ 129,000 | $ 43,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,129,000 | $ 376,333 | $ 0 |
| Elgin, IL | 3 | $ 500,000 | $ 166,666 | $ 113,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 655,000 | $ 218,333 | $ 93,000 |
| Chambersburg-Waynesboro, PA | 2 | $ 544,000 | $ 272,000 | $ 90,000 |
| Durham-Chapel Hill, NC | 2 | $ 262,000 | $ 131,000 | $ 177,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 424,000 | $ 212,000 | $ 54,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 255,000 | $ 127,500 | $ 76,000 |
| Jacksonville, FL | 2 | $ 4,420,000 | $ 2,210,000 | $ 72,000 |
| Kansas City, MO-KS | 2 | $ 160,000 | $ 80,000 | $ 38,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 367,000 | $ 183,500 | $ 145,000 |
| Port St. Lucie, FL | 2 | $ 545,000 | $ 272,500 | $ 589,000 |
| Raleigh, NC | 2 | $ 287,000 | $ 143,500 | $ 66,000 |
| Sebastian-Vero Beach, FL | 2 | $ 269,000 | $ 134,500 | $ 131,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 122,000 | $ 61,000 | $ 20,000 |
| Stockton-Lodi, CA | 2 | $ 554,000 | $ 277,000 | $ 70,000 |
| Syracuse, NY | 2 | $ 472,000 | $ 236,000 | $ 106,000 |
| Toledo, OH | 2 | $ 350,000 | $ 175,000 | $ 66,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 468,000 | $ 234,000 | $ 75,000 |
| Altoona, PA | 1 | $ 133,000 | $ 133,000 | $ 107,000 |
| Ann Arbor, MI | 1 | $ 103,000 | $ 103,000 | $ 110,000 |
| Bangor, ME | 1 | $ 203,000 | $ 203,000 | $ 65,000 |
| Battle Creek, MI | 1 | $ 98,000 | $ 98,000 | $ 71,000 |
| Burlington, NC | 1 | $ 108,000 | $ 108,000 | $ 10,000 |
| Canton-Massillon, OH | 1 | $ 78,000 | $ 78,000 | $ 38,000 |
| Cincinnati, OH-KY-IN | 1 | $ 145,000 | $ 145,000 | $ 121,000 |
| Columbus, OH | 1 | $ 351,000 | $ 351,000 | $ 159,000 |
| Dayton, OH | 1 | $ 89,000 | $ 89,000 | $ 44,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 127,000 | $ 127,000 | $ 37,000 |
| Erie, PA | 1 | $ 78,000 | $ 78,000 | $ 46,000 |
| Evansville, IN-KY | 1 | $ 159,000 | $ 159,000 | $ 130,000 |
| Fort Wayne, IN | 1 | $ 85,000 | $ 85,000 | $ 84,000 |
| Gary, IN | 1 | $ 77,000 | $ 77,000 | $ 25,000 |
| Harrisonburg, VA | 1 | $ 155,000 | $ 155,000 | $ 137,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 8,000,000 | $ 8,000,000 | $ 0 |
| Ithaca, NY | 1 | $ 147,000 | $ 147,000 | $ 128,000 |
| Johnstown, PA | 1 | $ 40,000 | $ 40,000 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 129,000 | $ 129,000 | $ 79,000 |
| Lewiston-Auburn, ME | 1 | $ 608,000 | $ 608,000 | $ 1,176,000 |
| Lexington-Fayette, KY | 1 | $ 118,000 | $ 118,000 | $ 9,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 177,000 | $ 177,000 | $ 54,000 |
| Montgomery, AL | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 300,000 | $ 300,000 | $ 322,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 52,000 | $ 52,000 | $ 43,000 |
| Provo-Orem, UT | 1 | $ 363,000 | $ 363,000 | $ 105,000 |
| Richmond, VA | 1 | $ 5,794,000 | $ 5,794,000 | $ 0 |
| Roanoke, VA | 1 | $ 211,000 | $ 211,000 | $ 43,000 |
| Salinas, CA | 1 | $ 278,000 | $ 278,000 | $ 100,000 |
| San Diego-Carlsbad, CA | 1 | $ 270,000 | $ 270,000 | $ 200,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 248,000 | $ 248,000 | $ 19,000 |
| St. Louis, MO-IL | 1 | $ 211,000 | $ 211,000 | $ 120,000 |
| Utica-Rome, NY | 1 | $ 133,000 | $ 133,000 | $ 65,000 |
| Watertown-Fort Drum, NY | 1 | $ 203,000 | $ 203,000 | $ 97,000 |
| Winston-Salem, NC | 1 | $ 119,000 | $ 119,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Santander Bank, N.A. in 2016
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 | 8,453 | $2,591,607,000 | $306,000 | $19,500,000 | $145,000 | $4,839,000 |
| Home Purchase | 6,684 | $2,290,803,000 | $342,000 | $51,400,000 | $138,000 | $4,504,000 |
| Home Improvement | 478 | $437,382,000 | $915,000 | $36,000,000 | $124,000 | $5,835,000 |
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 | 10,772 | $3,306,761,000 | $306,000 | $4,000,000 | $153,000 | $4,504,000 |
| Asian | 1,486 | $534,660,000 | $359,000 | $2,500,000 | $150,000 | $3,525,000 |
| Hispanic | 1,095 | $245,993,000 | $224,000 | $1,500,000 | $73,000 | $1,149,000 |
| Not Provided | 1,001 | $311,048,000 | $310,000 | $1,855,000 | $161,000 | $5,835,000 |
| Black or African American | 599 | $150,002,000 | $250,000 | $2,000,000 | $92,000 | $1,408,000 |
| Not applicable | 583 | $747,001,000 | $1,281,000 | $51,400,000 | $52,000 | $422,000 |
| American Indian or Alaskan Native | 43 | $12,231,000 | $284,000 | $747,000 | $117,000 | $450,000 |
| Native Hawaiin or Other Pacific Islander | 36 | $12,096,000 | $336,000 | $1,354,000 | $123,000 | $645,000 |
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) | 14,896 | $5,141,671,000 | $345,000 | $51,400,000 | $145,000 | $5,835,000 |
| FHA-insured (Federal Housing Administration) | 659 | $163,881,000 | $248,000 | $741,000 | $71,000 | $244,000 |
| VA-guaranteed (Veterans Administration) | 60 | $14,240,000 | $237,000 | $412,000 | $79,000 | $289,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 12,076 | $4,169,466,000 | $345,000 | $51,400,000 | $148,000 | $5,835,000 |
| Application Denied By Financial Institution | 1,692 | $558,348,000 | $329,000 | $32,000,000 | $112,000 | $2,139,000 |
| Application Withdrawn By Applicant | 936 | $333,900,000 | $356,000 | $19,300,000 | $150,000 | $2,243,000 |
| Loan Purchased By The Institution | 420 | $91,305,000 | $217,000 | $801,000 | $72,000 | $422,000 |
| Application Approved But Not Accepted | 212 | $86,742,000 | $409,000 | $11,450,000 | $135,000 | $1,986,000 |
| Preapproval Denied by Financial Institution | 146 | $37,368,000 | $255,000 | $1,500,000 | $75,000 | $450,000 |
| File Closed For Incompleteness | 133 | $42,663,000 | $320,000 | $1,300,000 | $126,000 | $1,165,000 |
| 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 | 604 | $207,678,000 | $343,000 | $32,000,000 | $130,000 | $1,674,000 |
| Debt-To-Income Ratio | 562 | $177,436,000 | $315,000 | $2,000,000 | $75,000 | $652,000 |
| Credit Application Incomplete | 249 | $73,028,000 | $293,000 | $2,000,000 | $113,000 | $1,226,000 |
| Credit History | 158 | $51,351,000 | $325,000 | $2,398,000 | $109,000 | $1,507,000 |
| Other | 114 | $38,874,000 | $341,000 | $1,400,000 | $168,000 | $2,139,000 |
| Unverifiable Information | 76 | $26,725,000 | $351,000 | $4,000,000 | $113,000 | $1,027,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 48 | $12,847,000 | $267,000 | $1,000,000 | $107,000 | $548,000 |
| Employment History | 27 | $7,777,000 | $288,000 | $788,000 | $81,000 | $186,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Santander Bank, N.A.'s 2016 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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