Stearns Lending, LLC Mortgage Lending & HMDA Data, 2003
In 2003, Stearns Lending, LLC of Santa Ana, CA reported 7,735 mortgage applications totaling $1.5 billion. The average application was for $195,069, and applicants reported an average income of $82,688. 72% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Orange County, CA (1,925), Los Angeles-Long Beach, CA (1,730) and Riverside-San Bernardino, CA (1,387) (applications in parentheses).
| Mortgage Company & Address | Stearns Lending, LLC 4 Hutton Centre, 10th Floor Santa Ana, CA 92707 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,735 |
| Total Mortgage Loan Application Amount | $1,508,865,000 |
| Average Mortgage Loan Application Amount | $195,069 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $82,688 |
| Highest Applicant Income | $7,298,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stearns Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Orange, California | 1,925 | $ 453,858,000 | $ 235,770 | $ 109,000 |
| Los Angeles, California | 1,730 | $ 357,331,000 | $ 206,549 | $ 66,000 |
| Riverside, California | 824 | $ 138,903,000 | $ 168,571 | $ 73,000 |
| Fresno, California | 674 | $ 95,659,000 | $ 141,927 | $ 71,000 |
| San Bernardino, California | 563 | $ 83,703,000 | $ 148,673 | $ 57,000 |
| Anne Arundel, Maryland | 409 | $ 76,172,000 | $ 186,239 | $ 55,000 |
| Madera, California | 280 | $ 42,983,000 | $ 153,510 | $ 69,000 |
| Prince George's, Maryland | 134 | $ 22,602,000 | $ 168,671 | $ 61,000 |
| Kern, California | 117 | $ 14,701,000 | $ 125,649 | $ 103,000 |
| Hawaii, Hawaii | 110 | $ 30,713,000 | $ 279,209 | $ 286,000 |
| San Diego, California | 106 | $ 26,366,000 | $ 248,735 | $ 87,000 |
| Tulare, California | 82 | $ 9,233,000 | $ 112,597 | $ 80,000 |
| Baltimore, Maryland | 62 | $ 8,387,000 | $ 135,274 | $ 52,000 |
| Howard, Maryland | 59 | $ 12,020,000 | $ 203,728 | $ 76,000 |
| Montgomery, Maryland | 56 | $ 12,211,000 | $ 218,053 | $ 86,000 |
| Sacramento, California | 39 | $ 6,823,000 | $ 174,948 | $ 51,000 |
| Santa Clara, California | 39 | $ 12,137,000 | $ 311,205 | $ 120,000 |
| Baltimore City, Maryland | 36 | $ 3,951,000 | $ 109,750 | $ 57,000 |
| Ventura, California | 27 | $ 6,911,000 | $ 255,962 | $ 96,000 |
| Honolulu, Hawaii | 23 | $ 5,887,000 | $ 255,956 | $ 105,000 |
| Mariposa, California | 21 | $ 4,016,000 | $ 191,238 | $ 110,000 |
| Alameda, California | 20 | $ 5,762,000 | $ 288,100 | $ 85,000 |
| Solano, California | 18 | $ 3,599,000 | $ 199,944 | $ 86,000 |
| Contra Costa, California | 17 | $ 5,171,000 | $ 304,176 | $ 94,000 |
| San Joaquin, California | 17 | $ 3,141,000 | $ 184,764 | $ 52,000 |
| Frederick, Maryland | 17 | $ 3,807,000 | $ 223,941 | $ 85,000 |
| Merced, California | 16 | $ 2,932,000 | $ 183,250 | $ 69,000 |
| District of Columbia, District Of Columbia | 16 | $ 2,339,000 | $ 146,187 | $ 67,000 |
| Kings, California | 14 | $ 1,539,000 | $ 109,928 | $ 55,000 |
| Queen Anne's, Maryland | 14 | $ 3,373,000 | $ 240,928 | $ 58,000 |
| Fairfax, Virginia | 14 | $ 2,883,000 | $ 205,928 | $ 55,000 |
| Carroll, Maryland | 13 | $ 2,701,000 | $ 207,769 | $ 52,000 |
| Harford, Maryland | 13 | $ 2,108,000 | $ 162,153 | $ 96,000 |
| Calvert, Maryland | 12 | $ 2,241,000 | $ 186,750 | $ 79,000 |
| San Luis Obispo, California | 11 | $ 2,437,000 | $ 221,545 | $ 41,000 |
| Maricopa, Arizona | 7 | $ 850,000 | $ 121,428 | $ 69,000 |
| Santa Cruz, California | 7 | $ 1,676,000 | $ 239,428 | $ 108,000 |
| St. Mary's, Maryland | 7 | $ 1,130,000 | $ 161,428 | $ 61,000 |
| Butte, California | 6 | $ 796,000 | $ 132,666 | $ 54,000 |
| Placer, California | 6 | $ 1,211,000 | $ 201,833 | $ 77,000 |
| Santa Barbara, California | 6 | $ 3,367,000 | $ 561,166 | $ 59,000 |
| Stanislaus, California | 6 | $ 1,004,000 | $ 167,333 | $ 262,000 |
| Charles, Maryland | 6 | $ 1,334,000 | $ 222,333 | $ 61,000 |
| Loudoun, Virginia | 6 | $ 1,029,000 | $ 171,500 | $ 78,000 |
| El Dorado, California | 5 | $ 918,000 | $ 183,600 | $ 62,000 |
| Clark, Nevada | 5 | $ 532,000 | $ 106,400 | $ 34,000 |
| El Paso, Texas | 5 | $ 365,000 | $ 73,000 | $ 45,000 |
| Monterey, California | 4 | $ 1,460,000 | $ 365,000 | $ 149,000 |
| Sonoma, California | 4 | $ 1,026,000 | $ 256,500 | $ 122,000 |
| Yuba, California | 4 | $ 605,000 | $ 151,250 | $ 60,000 |
| Maui, Hawaii | 4 | $ 1,118,000 | $ 279,500 | $ 176,000 |
| Worcester, Maryland | 4 | $ 587,000 | $ 146,750 | $ 223,000 |
| Washoe, Nevada | 4 | $ 513,000 | $ 128,250 | $ 68,000 |
| Inyo, California | 3 | $ 665,000 | $ 221,666 | $ 41,000 |
| Napa, California | 3 | $ 882,000 | $ 294,000 | $ 175,000 |
| San Francisco, California | 3 | $ 1,037,000 | $ 345,666 | $ 64,000 |
| Tuolumne, California | 3 | $ 490,000 | $ 163,333 | $ 44,000 |
| Alachua, Florida | 3 | $ 476,000 | $ 158,666 | $ 79,000 |
| Chesterfield, Virginia | 3 | $ 405,000 | $ 135,000 | $ 62,000 |
| Prince William, Virginia | 3 | $ 854,000 | $ 284,666 | $ 141,000 |
| King, Washington | 3 | $ 446,000 | $ 148,666 | $ 148,000 |
| Mohave, Arizona | 2 | $ 160,000 | $ 80,000 | $ 20,000 |
| Humboldt, California | 2 | $ 255,000 | $ 127,500 | $ 58,000 |
| Marin, California | 2 | $ 711,000 | $ 355,500 | $ 92,000 |
| Mono, California | 2 | $ 782,000 | $ 391,000 | $ 197,000 |
| Nevada, California | 2 | $ 312,000 | $ 156,000 | $ 67,000 |
| San Mateo, California | 2 | $ 806,000 | $ 403,000 | $ 127,000 |
| Siskiyou, California | 2 | $ 236,000 | $ 118,000 | $ 39,000 |
| Sussex, Delaware | 2 | $ 390,000 | $ 195,000 | $ 131,000 |
| Broward, Florida | 2 | $ 336,000 | $ 168,000 | $ 91,000 |
| Bonner, Idaho | 2 | $ 129,000 | $ 64,500 | $ 25,000 |
| Caroline, Maryland | 2 | $ 302,000 | $ 151,000 | $ 62,000 |
| Kent, Maryland | 2 | $ 175,000 | $ 87,500 | $ 38,000 |
| Wicomico, Maryland | 2 | $ 204,000 | $ 102,000 | $ 33,000 |
| Washington, Oregon | 2 | $ 135,000 | $ 67,500 | $ 72,000 |
| Fannin, Texas | 2 | $ 135,000 | $ 67,500 | $ 80,000 |
| Alexandria, Virginia | 2 | $ 600,000 | $ 300,000 | $ 100,000 |
| San Juan, Washington | 2 | $ 428,000 | $ 214,000 | $ 21,000 |
| Skagit, Washington | 2 | $ 181,000 | $ 90,500 | $ 20,000 |
| Pima, Arizona | 1 | $ 214,000 | $ 214,000 | $ 146,000 |
| White, Arkansas | 1 | $ 175,000 | $ 175,000 | $ 100,000 |
| Calaveras, California | 1 | $ 173,000 | $ 173,000 | $ 67,000 |
| Imperial, California | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
| Lake, California | 1 | $ 165,000 | $ 165,000 | $ 6,000 |
| San Benito, California | 1 | $ 213,000 | $ 213,000 | $ 54,000 |
| Sutter, California | 1 | $ 120,000 | $ 120,000 | $ 35,000 |
| Yolo, California | 1 | $ 264,000 | $ 264,000 | $ 61,000 |
| Adams, Colorado | 1 | $ 120,000 | $ 120,000 | $ 42,000 |
| Arapahoe, Colorado | 1 | $ 323,000 | $ 323,000 | $ 90,000 |
| Boulder, Colorado | 1 | $ 192,000 | $ 192,000 | $ 29,000 |
| El Paso, Colorado | 1 | $ 127,000 | $ 127,000 | $ 110,000 |
| Larimer, Colorado | 1 | $ 170,000 | $ 170,000 | $ 104,000 |
| Pitkin, Colorado | 1 | $ 191,000 | $ 191,000 | $ 101,000 |
| Weld, Colorado | 1 | $ 146,000 | $ 146,000 | $ 117,000 |
| Fairfield, Connecticut | 1 | $ 546,000 | $ 546,000 | $ 222,000 |
| New Castle, Delaware | 1 | $ 226,000 | $ 226,000 | $ 110,000 |
| Hillsborough, Florida | 1 | $ 140,000 | $ 140,000 | $ 60,000 |
| Monroe, Florida | 1 | $ 148,000 | $ 148,000 | $ 35,000 |
| Orange, Florida | 1 | $ 74,000 | $ 74,000 | $ 79,000 |
| Seminole, Florida | 1 | $ 161,000 | $ 161,000 | $ 116,000 |
| St. Johns, Florida | 1 | $ 161,000 | $ 161,000 | $ 56,000 |
| Volusia, Florida | 1 | $ 159,000 | $ 159,000 | $ 25,000 |
| Kauai, Hawaii | 1 | $ 290,000 | $ 290,000 | $ 0 |
| Garrett, Maryland | 1 | $ 398,000 | $ 398,000 | $ 420,000 |
| Middlesex, Massachusetts | 1 | $ 212,000 | $ 212,000 | $ 115,000 |
| Plymouth, Massachusetts | 1 | $ 244,000 | $ 244,000 | $ 91,000 |
| Carson City, Nevada | 1 | $ 252,000 | $ 252,000 | $ 88,000 |
| Passaic, New Jersey | 1 | $ 243,000 | $ 243,000 | $ 100,000 |
| Dona Ana, New Mexico | 1 | $ 142,000 | $ 142,000 | $ 174,000 |
| Luna, New Mexico | 1 | $ 98,000 | $ 98,000 | $ 59,000 |
| San Juan, New Mexico | 1 | $ 71,000 | $ 71,000 | $ 56,000 |
| Beaufort, North Carolina | 1 | $ 111,000 | $ 111,000 | $ 23,000 |
| Adams, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 105,000 |
| Pike, Pennsylvania | 1 | $ 136,000 | $ 136,000 | $ 49,000 |
| Brown, Texas | 1 | $ 92,000 | $ 92,000 | $ 77,000 |
| Cameron, Texas | 1 | $ 72,000 | $ 72,000 | $ 40,000 |
| Collin, Texas | 1 | $ 310,000 | $ 310,000 | $ 120,000 |
| Dallas, Texas | 1 | $ 31,000 | $ 31,000 | $ 171,000 |
| Fort Bend, Texas | 1 | $ 203,000 | $ 203,000 | $ 76,000 |
| Fairfax City, Virginia | 1 | $ 166,000 | $ 166,000 | $ 40,000 |
| Manassas, Virginia | 1 | $ 154,000 | $ 154,000 | $ 38,000 |
| Northumberland, Virginia | 1 | $ 96,000 | $ 96,000 | $ 86,000 |
| Orange, Virginia | 1 | $ 323,000 | $ 323,000 | $ 83,000 |
| Stafford, Virginia | 1 | $ 229,000 | $ 229,000 | $ 169,000 |
| Winchester, Virginia | 1 | $ 104,000 | $ 104,000 | $ 48,000 |
| Clallam, Washington | 1 | $ 99,000 | $ 99,000 | $ 49,000 |
| Clark, Washington | 1 | $ 264,000 | $ 264,000 | $ 95,000 |
| Kitsap, Washington | 1 | $ 160,000 | $ 160,000 | $ 140,000 |
| Mason, Washington | 1 | $ 122,000 | $ 122,000 | $ 64,000 |
| Spokane, Washington | 1 | $ 102,000 | $ 102,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Stearns Lending, LLC in 2003
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 (home purchase or home improvement, one-to-four family) | 5,180 | $1,019,887,000 | $175,473 | $2,000,000 | $81,684 | $7,298,000 |
| Home Purchase (one-to-four family) | 2,555 | $488,978,000 | $169,214 | $1,500,000 | $108,785 | $3,842,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 3,230 | $645,272,000 | $171,900 | $2,000,000 | $83,300 | $7,298,000 |
| Hispanic | 2,198 | $372,294,000 | $178,714 | $680,000 | $313,142 | $3,842,000 |
| Information not provided by applicant in mail or telephone application | 1,002 | $214,668,000 | $195,769 | $1,950,000 | $95,153 | $2,220,000 |
| Asian or Pacific Islander | 852 | $194,825,000 | $186,800 | $1,500,000 | $56,000 | $1,209,000 |
| Black | 342 | $58,704,000 | $174,000 | $483,000 | $85,833 | $268,000 |
| Other | 75 | $14,640,000 | $125,666 | $750,000 | $102,333 | $552,000 |
| American Indian or Alaskan Native | 36 | $8,462,000 | $171,500 | $795,000 | $66,250 | $300,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 6,328 | $1,269,537,000 | $178,571 | $2,000,000 | $91,047 | $7,298,000 |
| FHA-insured (Federal Housing Administration) | 1,309 | $222,701,000 | $154,800 | $417,000 | $47,200 | $3,782,000 |
| VA-guaranteed (Veterans Administration) | 98 | $16,627,000 | $151,333 | $276,000 | $31,000 | $131,000 |
| 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 | 5,601 | $1,084,439,000 | $186,388 | $2,000,000 | $84,833 | $7,298,000 |
| Application Approved But Not Accepted | 950 | $203,557,000 | $154,666 | $1,500,000 | $85,333 | $3,782,000 |
| Application Denied By Financial Institution | 617 | $112,941,000 | $152,000 | $1,950,000 | $69,250 | $2,220,000 |
| Application Withdrawn By Applicant | 300 | $53,935,000 | $147,500 | $942,000 | $81,071 | $1,200,000 |
| File Closed For Incompleteness | 267 | $53,993,000 | $170,500 | $1,000,000 | $74,500 | $2,400,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 189 | $33,905,000 | $120,333 | $598,000 | $74,333 | $624,000 |
| Other | 109 | $19,112,000 | $169,666 | $484,000 | $64,666 | $708,000 |
| Debt-To-Income Ratio | 97 | $19,766,000 | $249,000 | $795,000 | $80,500 | $232,000 |
| Collateral | 40 | $7,343,000 | $161,000 | $400,000 | $66,500 | $288,000 |
| Employment History | 10 | $1,967,000 | $196,000 | $680,000 | $46,000 | $162,000 |
| Unverifiable Information | 7 | $969,000 | $144,500 | $218,000 | $41,500 | $69,000 |
| Credit Application Incomplete | 2 | $250,000 | $125,000 | $203,000 | $62,000 | $71,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $164,000 | $164,000 | $164,000 | $39,000 | $39,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stearns Lending, LLC's 2003 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 Stearns Lending, LLC'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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