Santander Bank, N.A. Mortgage Lending & HMDA Data, 2022
In 2022, Santander Bank, N.A. of Wilmington, DE reported 4,733 mortgage applications totaling $4.8 billion, down 79% from 2021. The average application was for $1,004,364, and applicants reported an average income of $130,609. 52% of its applications resulted in an originated loan and 29% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (584), New York-Newark, NY (580) and Cambridge-Newton-Framingham, MA (523) (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 | 4,733 |
| Total Mortgage Loan Application Amount | $4,753,655,000 |
| Average Mortgage Loan Application Amount | $1,004,364 |
| Highest Mortgage Loan Application Amount | $73,505,000 |
| Average Applicant Income | $130,609 |
| Highest Applicant Income | $3,157,000 |
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Act (HMDA) records Santander Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 584 | $ 872,350,000 | $ 1,493,750 | $ 155,589 |
| New York-Newark, NY | 580 | $ 325,950,000 | $ 561,982 | $ 135,096 |
| Cambridge-Newton-Framingham, MA | 523 | $ 166,575,000 | $ 318,499 | $ 136,000 |
| Boston, MA | 369 | $ 155,235,000 | $ 420,691 | $ 138,000 |
| Providence-Warwick, RI-MA | 367 | $ 72,715,000 | $ 198,133 | $ 116,858 |
| Montgomery County-Bucks County-Chester County, PA | 275 | $ 274,775,000 | $ 999,181 | $ 141,000 |
| Philadelphia, PA | 259 | $ 232,755,000 | $ 898,667 | $ 98,000 |
| Newark, NJ-PA | 242 | $ 99,200,000 | $ 409,917 | $ 153,243 |
| Worcester, MA-CT | 139 | $ 39,435,000 | $ 283,705 | $ 110,510 |
| Reading, PA | 120 | $ 14,520,000 | $ 121,000 | $ 85,000 |
| Camden, NJ | 113 | $ 124,815,000 | $ 1,104,557 | $ 104,000 |
| Hartford-West Hartford-East Hartford, CT | 108 | $ 252,880,000 | $ 2,341,481 | $ 97,000 |
| Outside any metro area | 97 | $ 62,305,000 | $ 642,319 | $ 143,242 |
| Allentown-Bethlehem-Easton, PA-NJ | 85 | $ 11,895,000 | $ 139,941 | $ 93,470 |
| Nassau County-Suffolk County, NY | 85 | $ 29,795,000 | $ 350,529 | $ 216,000 |
| Trenton, NJ | 76 | $ 16,190,000 | $ 213,026 | $ 156,000 |
| York-Hanover, PA | 72 | $ 9,150,000 | $ 127,083 | $ 86,000 |
| Harrisburg-Carlisle, PA | 70 | $ 15,450,000 | $ 220,714 | $ 100,000 |
| Lancaster, PA | 70 | $ 45,590,000 | $ 651,285 | $ 109,000 |
| Barnstable Town, MA | 69 | $ 14,735,000 | $ 213,550 | $ 118,000 |
| Rockingham County-Strafford County, NH | 63 | $ 15,775,000 | $ 250,396 | $ 127,000 |
| Manchester-Nashua, NH | 48 | $ 7,990,000 | $ 166,458 | $ 87,000 |
| Miami-Miami Beach-Kendall, FL | 38 | $ 102,730,000 | $ 2,703,421 | $ 141,000 |
| Wilmington, DE-MD-NJ | 36 | $ 47,730,000 | $ 1,325,833 | $ 90,000 |
| New Haven-Milford, CT | 22 | $ 21,270,000 | $ 966,818 | $ 79,000 |
| Lebanon, PA | 13 | $ 11,135,000 | $ 856,538 | $ 67,000 |
| Springfield, MA | 12 | $ 1,200,000 | $ 100,000 | $ 85,000 |
| Houston-The Woodlands-Sugar Land, TX | 10 | $ 253,730,000 | $ 25,373,000 | $ 0 |
| Albany-Schenectady-Troy, NY | 9 | $ 7,555,000 | $ 839,444 | $ 83,000 |
| Baltimore-Columbia-Towson, MD | 9 | $ 82,135,000 | $ 9,126,111 | $ 92,000 |
| Charlotte-Concord-Gastonia, NC-SC | 9 | $ 54,765,000 | $ 6,085,000 | $ 172,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 142,325,000 | $ 15,813,888 | $ 188,000 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 5,770,000 | $ 721,250 | $ 391,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 157,860,000 | $ 19,732,500 | $ 171,000 |
| Atlantic City-Hammonton, NJ | 7 | $ 2,275,000 | $ 325,000 | $ 171,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 125,460,000 | $ 20,910,000 | $ 80,000 |
| Dallas-Plano-Irving, TX | 5 | $ 34,315,000 | $ 6,863,000 | $ 151,000 |
| Ocean City, NJ | 5 | $ 825,000 | $ 165,000 | $ 140,000 |
| Salisbury, MD-DE | 5 | $ 1,155,000 | $ 231,000 | $ 117,600 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 61,835,000 | $ 12,367,000 | $ 278,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 10,945,000 | $ 2,189,000 | $ 102,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 84,070,000 | $ 21,017,500 | $ 0 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 4 | $ 420,000 | $ 105,000 | $ 55,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 1,240,000 | $ 310,000 | $ 128,000 |
| Port St. Lucie, FL | 4 | $ 1,060,000 | $ 265,000 | $ 128,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 60,485,000 | $ 20,161,666 | $ 308,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 55,265,000 | $ 18,421,666 | $ 126,000 |
| Greensboro-High Point, NC | 3 | $ 25,035,000 | $ 8,345,000 | $ 78,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 89,555,000 | $ 29,851,666 | $ 222,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 29,845,000 | $ 9,948,333 | $ 85,000 |
| Chambersburg-Waynesboro, PA | 2 | $ 120,000 | $ 60,000 | $ 34,000 |
| Chicago-Naperville, IL | 2 | $ 430,000 | $ 215,000 | $ 330,000 |
| Columbia, SC | 2 | $ 26,420,000 | $ 13,210,000 | $ 84,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 300,000 | $ 150,000 | $ 35,000 |
| Dover, DE | 2 | $ 530,000 | $ 265,000 | $ 57,000 |
| East Stroudsburg, PA | 2 | $ 160,000 | $ 80,000 | $ 67,000 |
| Gettysburg, PA | 2 | $ 120,000 | $ 60,000 | $ 163,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 21,640,000 | $ 10,820,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 42,900,000 | $ 21,450,000 | $ 78,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 520,000 | $ 260,000 | $ 142,000 |
| Norwich-New London, CT | 2 | $ 2,030,000 | $ 1,015,000 | $ 253,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 1,030,000 | $ 515,000 | $ 147,000 |
| Pittsburgh, PA | 2 | $ 23,760,000 | $ 11,880,000 | $ 0 |
| Pittsfield, MA | 2 | $ 230,000 | $ 115,000 | $ 50,000 |
| Portland-South Portland, ME | 2 | $ 840,000 | $ 420,000 | $ 207,000 |
| Punta Gorda, FL | 2 | $ 180,000 | $ 90,000 | $ 27,000 |
| Raleigh, NC | 2 | $ 46,270,000 | $ 23,135,000 | $ 162,000 |
| San Antonio-New Braunfels, TX | 2 | $ 16,840,000 | $ 8,420,000 | $ 684,000 |
| Sebastian-Vero Beach, FL | 2 | $ 2,550,000 | $ 1,275,000 | $ 647,000 |
| St. Louis, MO-IL | 2 | $ 13,380,000 | $ 6,690,000 | $ 0 |
| State College, PA | 2 | $ 11,700,000 | $ 5,850,000 | $ 64,000 |
| Syracuse, NY | 2 | $ 56,300,000 | $ 28,150,000 | $ 160,000 |
| Washington-Baltimore-Arlington, DC | 2 | $ 1,290,000 | $ 645,000 | $ 612,000 |
| Asheville, NC | 1 | $ 12,515,000 | $ 12,515,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 845,000 | $ 845,000 | $ 207,000 |
| Bloomsburg-Berwick, PA | 1 | $ 75,000 | $ 75,000 | $ 122,000 |
| California-Lexington Park, MD | 1 | $ 365,000 | $ 365,000 | $ 349,000 |
| Cincinnati, OH-KY-IN | 1 | $ 6,175,000 | $ 6,175,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 415,000 | $ 415,000 | $ 248,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 8,005,000 | $ 8,005,000 | $ 0 |
| Fayetteville, NC | 1 | $ 33,755,000 | $ 33,755,000 | $ 0 |
| Fresno, CA | 1 | $ 6,005,000 | $ 6,005,000 | $ 0 |
| Gainesville, GA | 1 | $ 29,505,000 | $ 29,505,000 | $ 0 |
| Glens Falls, NY | 1 | $ 295,000 | $ 295,000 | $ 265,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 645,000 | $ 645,000 | $ 97,000 |
| Jacksonville, FL | 1 | $ 445,000 | $ 445,000 | $ 511,000 |
| Kingston, NY | 1 | $ 105,000 | $ 105,000 | $ 139,000 |
| Lafayette-West Lafayette, IN | 1 | $ 10,635,000 | $ 10,635,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 215,000 | $ 215,000 | $ 46,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 245,000 | $ 245,000 | $ 612,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 27,005,000 | $ 27,005,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 385,000 | $ 385,000 | $ 90,000 |
| Savannah, GA | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Springfield, IL | 1 | $ 14,305,000 | $ 14,305,000 | $ 0 |
Mortgage Loan Application Detail Totals for Santander Bank, N.A. in 2022
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 | 1,572 | $3,067,120,000 | $1,951,000 | $73,505,000 | $125,000 | $1,601,000 |
| Home Improvement | 936 | $158,080,000 | $168,000 | $1,105,000 | $141,000 | $3,157,000 |
| Home Purchase | 931 | $1,219,935,000 | $1,310,000 | $69,655,000 | $138,000 | $2,238,000 |
| Cash-out Refinancing | 799 | $224,565,000 | $281,000 | $1,475,000 | $120,000 | $2,046,000 |
| Other Purpose | 495 | $83,955,000 | $169,000 | $965,000 | $132,000 | $918,000 |
| Not Applicable | 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 | 2,541 | $609,285,000 | $239,000 | $2,355,000 | $139,000 | $2,238,000 |
| Not applicable | 680 | $3,755,390,000 | $5,522,000 | $73,505,000 | $93,000 | $305,000 |
| Not Provided | 672 | $173,520,000 | $258,000 | $3,575,000 | $141,000 | $1,600,000 |
| Hispanic | 348 | $71,640,000 | $205,000 | $785,000 | $97,000 | $3,157,000 |
| Asian | 260 | $93,670,000 | $360,000 | $2,335,000 | $177,000 | $1,301,000 |
| Black or African American | 223 | $48,445,000 | $217,000 | $865,000 | $86,000 | $493,000 |
| American Indian or Alaskan Native | 6 | $1,210,000 | $201,000 | $305,000 | $99,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $340,000 | $170,000 | $285,000 | $139,000 | $169,000 |
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) | 4,669 | $4,737,115,000 | $1,014,000 | $73,505,000 | $132,000 | $3,157,000 |
| FHA-insured (Federal Housing Administration) | 59 | $15,075,000 | $255,000 | $835,000 | $69,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,465,000 | $293,000 | $455,000 | $80,000 | $104,000 |
| 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 | 2,449 | $3,612,005,000 | $1,474,000 | $73,505,000 | $150,000 | $3,157,000 |
| Application Denied By Financial Institution | 1,351 | $604,795,000 | $447,000 | $40,005,000 | $108,000 | $1,600,000 |
| Loan Purchased By The Institution | 465 | $117,485,000 | $252,000 | $725,000 | $93,000 | $305,000 |
| Application Withdrawn By Applicant | 313 | $313,735,000 | $1,002,000 | $49,005,000 | $147,000 | $1,379,000 |
| File Closed For Incompleteness | 114 | $32,120,000 | $281,000 | $935,000 | $124,000 | $500,000 |
| Application Approved But Not Accepted | 40 | $71,510,000 | $1,787,000 | $14,155,000 | $147,000 | $492,000 |
| Preapproval Denied by Financial Institution | 1 | $2,005,000 | $2,005,000 | $2,005,000 | $702,000 | $702,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,381 | $4,146,855,000 | $1,226,000 | $73,505,000 | $140,000 | $3,157,000 |
| Debt-To-Income Ratio | 477 | $114,355,000 | $239,000 | $2,005,000 | $79,000 | $526,000 |
| Credit Application Incomplete | 360 | $294,150,000 | $817,000 | $40,005,000 | $129,000 | $1,600,000 |
| Other | 194 | $117,230,000 | $604,000 | $17,075,000 | $125,000 | $1,118,000 |
| Collateral | 169 | $49,385,000 | $292,000 | $14,305,000 | $143,000 | $918,000 |
| Credit History | 80 | $11,330,000 | $141,000 | $595,000 | $86,000 | $287,000 |
| Unverifiable Information | 56 | $16,770,000 | $299,000 | $1,005,000 | $117,000 | $875,000 |
| Employment History | 8 | $1,800,000 | $225,000 | $485,000 | $50,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,780,000 | $222,000 | $405,000 | $62,000 | $104,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Santander Bank, N.A.'s 2022 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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