Sovereign Lending Group Inc. Mortgage Lending & HMDA Data, 2023
In 2023, Sovereign Lending Group Inc. of Newport Beach, CA reported 539 mortgage applications totaling $177.2 million, down 97% from 2022. The average application was for $328,710, and applicants reported an average income of $95,910. 49% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (24), Atlanta-Sandy Springs-Roswell, GA (19) and Washington-Arlington-Alexandria, DC-VA-MD-WV (18) (applications in parentheses).
| Mortgage Company & Address | Sovereign Lending Group Inc. Newport Beach, CA 92660 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 539 |
| Total Mortgage Loan Application Amount | $177,175,000 |
| Average Mortgage Loan Application Amount | $328,710 |
| Highest Mortgage Loan Application Amount | $1,035,000 |
| Average Applicant Income | $95,910 |
| Highest Applicant Income | $2,040,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sovereign Lending Group Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 78 | $ 22,230,000 | $ 285,000 | $ 85,846 |
| Phoenix-Mesa-Scottsdale, AZ | 24 | $ 9,010,000 | $ 375,416 | $ 101,000 |
| Atlanta-Sandy Springs-Roswell, GA | 19 | $ 5,925,000 | $ 311,842 | $ 89,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 18 | $ 9,280,000 | $ 515,555 | $ 149,000 |
| Las Vegas-Henderson-Paradise, NV | 16 | $ 5,400,000 | $ 337,500 | $ 94,000 |
| Riverside-San Bernardino-Ontario, CA | 14 | $ 5,650,000 | $ 403,571 | $ 136,000 |
| Charlotte-Concord-Gastonia, NC-SC | 12 | $ 3,970,000 | $ 330,833 | $ 76,333 |
| Redding, CA | 11 | $ 3,435,000 | $ 312,272 | $ 134,000 |
| Fayetteville, NC | 9 | $ 2,355,000 | $ 261,666 | $ 69,000 |
| Los Angeles-Long Beach-Glendale, CA | 8 | $ 3,130,000 | $ 391,250 | $ 103,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 8 | $ 2,270,000 | $ 283,750 | $ 75,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 8 | $ 4,060,000 | $ 507,500 | $ 110,500 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 2,490,000 | $ 311,250 | $ 101,000 |
| Birmingham-Hoover, AL | 7 | $ 1,815,000 | $ 259,285 | $ 61,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 7 | $ 2,885,000 | $ 412,142 | $ 79,000 |
| Salt Lake City, UT | 7 | $ 3,155,000 | $ 450,714 | $ 98,000 |
| Tucson, AZ | 7 | $ 1,825,000 | $ 260,714 | $ 72,000 |
| Albuquerque, NM | 6 | $ 2,120,000 | $ 353,333 | $ 79,000 |
| Greensboro-High Point, NC | 6 | $ 1,060,000 | $ 176,666 | $ 75,000 |
| Memphis, TN-MS-AR | 6 | $ 1,500,000 | $ 250,000 | $ 81,000 |
| Prescott Valley-Prescott, AZ | 6 | $ 2,300,000 | $ 383,333 | $ 71,000 |
| Tacoma-Lakewood, WA | 6 | $ 2,280,000 | $ 380,000 | $ 113,000 |
| Washington-Baltimore-Arlington, DC | 6 | $ 1,860,000 | $ 310,000 | $ 68,000 |
| Louisville/Jefferson County, KY-IN | 5 | $ 1,135,000 | $ 227,000 | $ 59,800 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,925,000 | $ 385,000 | $ 75,000 |
| Raleigh, NC | 5 | $ 1,565,000 | $ 313,000 | $ 84,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 2,055,000 | $ 411,000 | $ 78,000 |
| Anaheim-Santa Ana-Irvine, CA | 4 | $ 1,550,000 | $ 387,500 | $ 170,000 |
| Cincinnati, OH-KY-IN | 4 | $ 830,000 | $ 207,500 | $ 81,000 |
| Huntsville, AL | 4 | $ 1,330,000 | $ 332,500 | $ 97,000 |
| Indianapolis-Carmel-Anderson, IN | 4 | $ 1,280,000 | $ 320,000 | $ 120,000 |
| Lake Havasu City-Kingman, AZ | 4 | $ 1,480,000 | $ 370,000 | $ 96,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 1,310,000 | $ 327,500 | $ 77,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 4 | $ 1,010,000 | $ 252,500 | $ 63,250 |
| Newark, NJ-PA | 4 | $ 1,410,000 | $ 352,500 | $ 171,000 |
| Philadelphia, PA | 4 | $ 900,000 | $ 225,000 | $ 71,000 |
| Pittsburgh, PA | 4 | $ 1,040,000 | $ 260,000 | $ 93,000 |
| San Diego-Carlsbad, CA | 4 | $ 1,570,000 | $ 392,500 | $ 95,000 |
| Sumter, SC | 4 | $ 1,150,000 | $ 287,500 | $ 91,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 835,000 | $ 278,333 | $ 121,000 |
| Bakersfield, CA | 3 | $ 945,000 | $ 315,000 | $ 91,000 |
| Baltimore-Columbia-Towson, MD | 3 | $ 1,355,000 | $ 451,666 | $ 140,000 |
| Boise City, ID | 3 | $ 1,145,000 | $ 381,666 | $ 79,000 |
| Chicago-Naperville, IL | 3 | $ 1,445,000 | $ 481,666 | $ 112,000 |
| Columbus, GA-AL | 3 | $ 635,000 | $ 211,666 | $ 81,666 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,445,000 | $ 481,666 | $ 107,000 |
| Detroit-Dearborn-Livonia, MI | 3 | $ 715,000 | $ 238,333 | $ 83,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 995,000 | $ 331,666 | $ 44,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 685,000 | $ 228,333 | $ 64,000 |
| Knoxville, TN | 3 | $ 635,000 | $ 211,666 | $ 120,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 805,000 | $ 268,333 | $ 89,000 |
| New York-Newark, NY | 3 | $ 1,225,000 | $ 408,333 | $ 105,000 |
| Pueblo, CO | 3 | $ 975,000 | $ 325,000 | $ 67,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,045,000 | $ 348,333 | $ 81,000 |
| Vallejo-Fairfield, CA | 3 | $ 1,485,000 | $ 495,000 | $ 117,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 420,000 | $ 210,000 | $ 56,000 |
| Burlington, NC | 2 | $ 790,000 | $ 395,000 | $ 135,000 |
| Camden, NJ | 2 | $ 470,000 | $ 235,000 | $ 80,000 |
| Charleston-North Charleston, SC | 2 | $ 750,000 | $ 375,000 | $ 92,000 |
| Colorado Springs, CO | 2 | $ 550,000 | $ 275,000 | $ 63,000 |
| Danville, IL | 2 | $ 470,000 | $ 235,000 | $ 117,000 |
| Durham-Chapel Hill, NC | 2 | $ 490,000 | $ 245,000 | $ 84,000 |
| East Stroudsburg, PA | 2 | $ 640,000 | $ 320,000 | $ 85,000 |
| Elizabethtown-Fort Knox, KY | 2 | $ 720,000 | $ 360,000 | $ 125,000 |
| Gary, IN | 2 | $ 660,000 | $ 330,000 | $ 78,000 |
| Gettysburg, PA | 2 | $ 360,000 | $ 180,000 | $ 61,000 |
| Harrisburg-Carlisle, PA | 2 | $ 940,000 | $ 470,000 | $ 130,000 |
| Harrisonburg, VA | 2 | $ 380,000 | $ 190,000 | $ 50,000 |
| Jacksonville, FL | 2 | $ 620,000 | $ 310,000 | $ 109,000 |
| Lakeland-Winter Haven, FL | 2 | $ 460,000 | $ 230,000 | $ 90,000 |
| Lexington-Fayette, KY | 2 | $ 350,000 | $ 175,000 | $ 40,000 |
| Longview, WA | 2 | $ 510,000 | $ 255,000 | $ 43,000 |
| Macon-Bibb County, GA | 2 | $ 970,000 | $ 485,000 | $ 129,000 |
| Medford, OR | 2 | $ 390,000 | $ 195,000 | $ 61,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 500,000 | $ 250,000 | $ 104,000 |
| Modesto, CA | 2 | $ 800,000 | $ 400,000 | $ 108,000 |
| Montgomery, AL | 2 | $ 380,000 | $ 190,000 | $ 30,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 740,000 | $ 370,000 | $ 99,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 590,000 | $ 295,000 | $ 1,044,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 440,000 | $ 220,000 | $ 112,000 |
| Ogden-Clearfield, UT | 2 | $ 800,000 | $ 400,000 | $ 87,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 790,000 | $ 395,000 | $ 76,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 390,000 | $ 195,000 | $ 84,000 |
| Reno, NV | 2 | $ 590,000 | $ 295,000 | $ 74,000 |
| Richmond, VA | 2 | $ 1,500,000 | $ 750,000 | $ 171,000 |
| Santa Fe, NM | 2 | $ 370,000 | $ 185,000 | $ 81,000 |
| Urban Honolulu, HI | 2 | $ 620,000 | $ 310,000 | $ 96,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 260,000 | $ 130,000 | $ 114,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 420,000 | $ 210,000 | $ 49,000 |
| Abilene, TX | 1 | $ 665,000 | $ 665,000 | $ 155,000 |
| Albany, GA | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 195,000 | $ 195,000 | $ 61,000 |
| Asheville, NC | 1 | $ 165,000 | $ 165,000 | $ 36,000 |
| Athens-Clarke County, GA | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
| Austin-Round Rock, TX | 1 | $ 415,000 | $ 415,000 | $ 131,000 |
| Bend-Redmond, OR | 1 | $ 335,000 | $ 335,000 | $ 69,000 |
| Billings, MT | 1 | $ 495,000 | $ 495,000 | $ 111,000 |
| Bloomington, IL | 1 | $ 195,000 | $ 195,000 | $ 84,000 |
| Bowling Green, KY | 1 | $ 215,000 | $ 215,000 | $ 46,000 |
| Clarksville, TN-KY | 1 | $ 675,000 | $ 675,000 | $ 151,000 |
| Columbia, SC | 1 | $ 465,000 | $ 465,000 | $ 159,000 |
| Dallas-Plano-Irving, TX | 1 | $ 245,000 | $ 245,000 | $ 88,000 |
| Dalton, GA | 1 | $ 175,000 | $ 175,000 | $ 89,000 |
| Decatur, AL | 1 | $ 465,000 | $ 465,000 | $ 107,000 |
| El Centro, CA | 1 | $ 255,000 | $ 255,000 | $ 55,000 |
| Eugene, OR | 1 | $ 455,000 | $ 455,000 | $ 91,000 |
| Flint, MI | 1 | $ 355,000 | $ 355,000 | $ 183,000 |
| Florence-Muscle Shoals, AL | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
| Fort Collins, CO | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Fort Wayne, IN | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Fresno, CA | 1 | $ 265,000 | $ 265,000 | $ 149,000 |
| Gainesville, FL | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Greeley, CO | 1 | $ 195,000 | $ 195,000 | $ 48,000 |
| Greenville, NC | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Jackson, MS | 1 | $ 265,000 | $ 265,000 | $ 103,000 |
| Jackson, TN | 1 | $ 335,000 | $ 335,000 | $ 46,000 |
| Jacksonville, NC | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| Janesville-Beloit, WI | 1 | $ 135,000 | $ 135,000 | $ 82,000 |
| Johnson City, TN | 1 | $ 315,000 | $ 315,000 | $ 90,000 |
| Johnstown, PA | 1 | $ 225,000 | $ 225,000 | $ 102,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 895,000 | $ 895,000 | $ 96,000 |
| Kokomo, IN | 1 | $ 375,000 | $ 375,000 | $ 71,000 |
| Lancaster, PA | 1 | $ 435,000 | $ 435,000 | $ 113,000 |
| Las Cruces, NM | 1 | $ 245,000 | $ 245,000 | $ 64,000 |
| Madera, CA | 1 | $ 255,000 | $ 255,000 | $ 114,000 |
| Madison, WI | 1 | $ 375,000 | $ 375,000 | $ 83,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 465,000 | $ 465,000 | $ 115,000 |
| New Bern, NC | 1 | $ 215,000 | $ 215,000 | $ 49,000 |
| Ocala, FL | 1 | $ 325,000 | $ 325,000 | $ 96,000 |
| Olympia-Tumwater, WA | 1 | $ 355,000 | $ 355,000 | $ 75,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 805,000 | $ 805,000 | $ 75,000 |
| Panama City, FL | 1 | $ 135,000 | $ 135,000 | $ 51,000 |
| Provo-Orem, UT | 1 | $ 615,000 | $ 615,000 | $ 125,000 |
| Roanoke, VA | 1 | $ 405,000 | $ 405,000 | $ 137,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 755,000 | $ 755,000 | $ 115,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 325,000 | $ 325,000 | $ 63,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 235,000 | $ 235,000 | $ 55,000 |
| St. George, UT | 1 | $ 305,000 | $ 305,000 | $ 80,000 |
| Stockton-Lodi, CA | 1 | $ 415,000 | $ 415,000 | $ 86,000 |
| The Villages, FL | 1 | $ 505,000 | $ 505,000 | $ 103,000 |
| Valdosta, GA | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Vineland-Bridgeton, NJ | 1 | $ 155,000 | $ 155,000 | $ 105,000 |
| Walla Walla, WA | 1 | $ 145,000 | $ 145,000 | $ 142,000 |
| Wilmington, DE-MD-NJ | 1 | $ 225,000 | $ 225,000 | $ 62,000 |
| Winston-Salem, NC | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| Yuba City, CA | 1 | $ 405,000 | $ 405,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Sovereign Lending Group Inc. in 2023
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 | 505 | $163,665,000 | $324,000 | $1,035,000 | $92,000 | $2,040,000 |
| Home Purchase | 34 | $13,510,000 | $397,000 | $805,000 | $154,000 | $413,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 | 359 | $117,495,000 | $327,000 | $1,035,000 | $92,000 | $413,000 |
| Black or African American | 120 | $39,170,000 | $326,000 | $955,000 | $106,000 | $2,040,000 |
| Hispanic | 41 | $13,245,000 | $323,000 | $755,000 | $100,000 | $316,000 |
| Asian | 10 | $4,400,000 | $440,000 | $895,000 | $103,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,025,000 | $405,000 | $705,000 | $97,000 | $142,000 |
| American Indian or Alaskan Native | 4 | $840,000 | $210,000 | $245,000 | $63,000 | $74,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 241 | $89,705,000 | $372,000 | $1,035,000 | $92,000 | $382,000 |
| FHA-insured (Federal Housing Administration) | 217 | $61,835,000 | $284,000 | $615,000 | $92,000 | $2,040,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 81 | $25,635,000 | $316,000 | $895,000 | $118,000 | $413,000 |
| 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 | 264 | $88,520,000 | $335,000 | $1,035,000 | $100,000 | $413,000 |
| Application Denied By Financial Institution | 258 | $83,450,000 | $323,000 | $955,000 | $92,000 | $2,040,000 |
| Application Approved But Not Accepted | 17 | $5,205,000 | $306,000 | $645,000 | $95,000 | $316,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 281 | $93,725,000 | $333,000 | $1,035,000 | $100,000 | $413,000 |
| Collateral | 115 | $38,645,000 | $336,000 | $955,000 | $91,000 | $224,000 |
| Credit History | 65 | $18,255,000 | $280,000 | $805,000 | $105,000 | $2,040,000 |
| Debt-To-Income Ratio | 37 | $11,785,000 | $318,000 | $685,000 | $73,000 | $216,000 |
| Other | 19 | $5,645,000 | $297,000 | $515,000 | $94,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $5,605,000 | $373,000 | $675,000 | $77,000 | $175,000 |
| Employment History | 4 | $1,420,000 | $355,000 | $415,000 | $108,000 | $158,000 |
| Unverifiable Information | 2 | $1,620,000 | $810,000 | $895,000 | $149,000 | $203,000 |
| Credit Application Incomplete | 1 | $475,000 | $475,000 | $475,000 | $123,000 | $123,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sovereign Lending Group Inc.'s 2023 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 Sovereign Lending Group Inc.'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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