Sterling Bank and Trust, FSB Mortgage Lending & HMDA Data, 2019
In 2019, Sterling Bank and Trust, FSB of Southfield, MI reported 2,792 mortgage applications totaling $1.7 billion, down 11% from 2018. The average application was for $594,434, and applicants reported an average income of $214,515. 63% of its applications resulted in an originated loan and 5% were denied. Its largest markets were San Francisco-Redwood City-South San Francisco, CA (451), Los Angeles-Long Beach-Glendale, CA (434) and Riverside-San Bernardino-Ontario, CA (351) (applications in parentheses).
| Mortgage Company & Address | Sterling Bank and Trust, FSB One Towne Square, Suite 1900 Southfield, MI 48076 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 2,792 |
| Total Mortgage Loan Application Amount | $1,659,660,000 |
| Average Mortgage Loan Application Amount | $594,434 |
| Highest Mortgage Loan Application Amount | $5,925,000 |
| Average Applicant Income | $214,515 |
| Highest Applicant Income | $9,816,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Bank and Trust, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles, California | 434 | $ 286,640,000 | $ 660,460 | $ 243,000 |
| Orange, California | 342 | $ 276,920,000 | $ 809,707 | $ 327,000 |
| San Francisco, California | 328 | $ 256,250,000 | $ 781,250 | $ 279,000 |
| San Bernardino, California | 253 | $ 85,865,000 | $ 339,387 | $ 127,000 |
| Alameda, California | 203 | $ 100,525,000 | $ 495,197 | $ 170,000 |
| Queens, New York | 182 | $ 84,460,000 | $ 464,065 | $ 136,000 |
| San Mateo, California | 123 | $ 105,095,000 | $ 854,430 | $ 298,000 |
| Santa Clara, California | 99 | $ 73,895,000 | $ 746,414 | $ 269,000 |
| Riverside, California | 98 | $ 32,210,000 | $ 328,673 | $ 122,000 |
| Contra Costa, California | 86 | $ 35,910,000 | $ 417,558 | $ 154,000 |
| Kings, New York | 67 | $ 40,165,000 | $ 599,477 | $ 177,000 |
| Richmond, New York | 57 | $ 22,825,000 | $ 400,438 | $ 102,000 |
| Nassau, New York | 55 | $ 24,615,000 | $ 447,545 | $ 158,000 |
| Sacramento, California | 33 | $ 9,095,000 | $ 275,606 | $ 119,000 |
| Oakland, Michigan | 30 | $ 6,200,000 | $ 206,666 | $ 69,000 |
| King, Washington | 27 | $ 11,785,000 | $ 436,481 | $ 177,000 |
| New York, New York | 20 | $ 21,190,000 | $ 1,059,500 | $ 476,000 |
| Suffolk, New York | 19 | $ 6,215,000 | $ 327,105 | $ 139,000 |
| Solano, California | 17 | $ 6,215,000 | $ 365,588 | $ 99,000 |
| San Diego, California | 15 | $ 8,565,000 | $ 571,000 | $ 150,000 |
| San Joaquin, California | 13 | $ 4,445,000 | $ 341,923 | $ 109,000 |
| Stanislaus, California | 9 | $ 2,845,000 | $ 316,111 | $ 129,000 |
| Bergen, New Jersey | 9 | $ 3,855,000 | $ 428,333 | $ 156,000 |
| Tehama, California | 6 | $ 1,230,000 | $ 205,000 | $ 101,000 |
| Marin, California | 5 | $ 3,375,000 | $ 675,000 | $ 194,000 |
| Placer, California | 5 | $ 2,255,000 | $ 451,000 | $ 197,000 |
| Yolo, California | 5 | $ 1,615,000 | $ 323,000 | $ 147,000 |
| Middlesex, New Jersey | 5 | $ 1,335,000 | $ 267,000 | $ 114,000 |
| Bronx, New York | 5 | $ 9,175,000 | $ 1,835,000 | $ 137,000 |
| Clark, Nevada | 4 | $ 1,020,000 | $ 255,000 | $ 134,000 |
| Albany, New York | 4 | $ 740,000 | $ 185,000 | $ 72,000 |
| Westchester, New York | 4 | $ 970,000 | $ 242,500 | $ 135,000 |
| Pierce, Washington | 4 | $ 1,460,000 | $ 365,000 | $ 96,000 |
| Kern, California | 3 | $ 685,000 | $ 228,333 | $ 80,000 |
| Napa, California | 3 | $ 1,185,000 | $ 395,000 | $ 105,000 |
| Santa Barbara, California | 3 | $ 1,345,000 | $ 448,333 | $ 225,000 |
| Shasta, California | 3 | $ 505,000 | $ 168,333 | $ 98,000 |
| Osceola, Florida | 3 | $ 775,000 | $ 258,333 | $ 189,000 |
| Cook, Illinois | 3 | $ 925,000 | $ 308,333 | $ 120,000 |
| Macomb, Michigan | 3 | $ 465,000 | $ 155,000 | $ 86,000 |
| Hudson, New Jersey | 3 | $ 1,075,000 | $ 358,333 | $ 123,000 |
| Somerset, New Jersey | 3 | $ 685,000 | $ 228,333 | $ 75,000 |
| Rockland, New York | 3 | $ 5,445,000 | $ 1,815,000 | $ 198,000 |
| Marion, Oregon | 3 | $ 1,175,000 | $ 391,666 | $ 127,000 |
| Philadelphia, Pennsylvania | 3 | $ 485,000 | $ 161,666 | $ 66,000 |
| Collin, Texas | 3 | $ 535,000 | $ 178,333 | $ 156,000 |
| Snohomish, Washington | 3 | $ 805,000 | $ 268,333 | $ 166,000 |
| Madera, California | 2 | $ 330,000 | $ 165,000 | $ 120,000 |
| Santa Cruz, California | 2 | $ 630,000 | $ 315,000 | $ 150,000 |
| Tulare, California | 2 | $ 560,000 | $ 280,000 | $ 86,000 |
| Yuba, California | 2 | $ 390,000 | $ 195,000 | $ 51,000 |
| Fairfield, Connecticut | 2 | $ 670,000 | $ 335,000 | $ 132,000 |
| New Castle, Delaware | 2 | $ 350,000 | $ 175,000 | $ 60,000 |
| Miami-Dade, Florida | 2 | $ 380,000 | $ 190,000 | $ 78,000 |
| Orange, Florida | 2 | $ 410,000 | $ 205,000 | $ 88,000 |
| Union, New Jersey | 2 | $ 430,000 | $ 215,000 | $ 73,000 |
| Saratoga, New York | 2 | $ 590,000 | $ 295,000 | $ 123,000 |
| Wake, North Carolina | 2 | $ 370,000 | $ 185,000 | $ 101,000 |
| Kent, Rhode Island | 2 | $ 430,000 | $ 215,000 | $ 102,000 |
| Providence, Rhode Island | 2 | $ 430,000 | $ 215,000 | $ 75,000 |
| Denton, Texas | 2 | $ 630,000 | $ 315,000 | $ 144,000 |
| Fort Bend, Texas | 2 | $ 310,000 | $ 155,000 | $ 233,000 |
| Harris, Texas | 2 | $ 300,000 | $ 150,000 | $ 44,000 |
| Lewis, Washington | 2 | $ 400,000 | $ 200,000 | $ 90,000 |
| Covington, Alabama | 1 | $ 355,000 | $ 355,000 | $ 96,000 |
| Maricopa, Arizona | 1 | $ 185,000 | $ 185,000 | $ 138,000 |
| Colusa, California | 1 | $ 315,000 | $ 315,000 | $ 130,000 |
| Fresno, California | 1 | $ 155,000 | $ 155,000 | $ 24,000 |
| Merced, California | 1 | $ 115,000 | $ 115,000 | $ 157,000 |
| Monterey, California | 1 | $ 325,000 | $ 325,000 | $ 92,000 |
| Sonoma, California | 1 | $ 145,000 | $ 145,000 | $ 359,000 |
| Ventura, California | 1 | $ 395,000 | $ 395,000 | $ 300,000 |
| New London, Connecticut | 1 | $ 405,000 | $ 405,000 | $ 132,000 |
| Brevard, Florida | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
| Escambia, Florida | 1 | $ 485,000 | $ 485,000 | $ 80,000 |
| Lee, Florida | 1 | $ 105,000 | $ 105,000 | $ 40,000 |
| Pasco, Florida | 1 | $ 165,000 | $ 165,000 | $ 66,000 |
| Gwinnett, Georgia | 1 | $ 215,000 | $ 215,000 | $ 68,000 |
| Johnson, Indiana | 1 | $ 145,000 | $ 145,000 | $ 78,000 |
| Tippecanoe, Indiana | 1 | $ 95,000 | $ 95,000 | $ 48,000 |
| Lafayette, Louisiana | 1 | $ 135,000 | $ 135,000 | $ 48,000 |
| Frederick, Maryland | 1 | $ 175,000 | $ 175,000 | $ 41,000 |
| Middlesex, Massachusetts | 1 | $ 515,000 | $ 515,000 | $ 256,000 |
| Grand Traverse, Michigan | 1 | $ 175,000 | $ 175,000 | $ 78,000 |
| Newaygo, Michigan | 1 | $ 135,000 | $ 135,000 | $ 60,000 |
| Wayne, Michigan | 1 | $ 375,000 | $ 375,000 | $ 63,000 |
| Anoka, Minnesota | 1 | $ 225,000 | $ 225,000 | $ 105,000 |
| Hillsborough, New Hampshire | 1 | $ 255,000 | $ 255,000 | $ 78,000 |
| Essex, New Jersey | 1 | $ 275,000 | $ 275,000 | $ 94,000 |
| Ocean, New Jersey | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| Dona Ana, New Mexico | 1 | $ 185,000 | $ 185,000 | $ 78,000 |
| Dutchess, New York | 1 | $ 135,000 | $ 135,000 | $ 67,000 |
| Onondaga, New York | 1 | $ 195,000 | $ 195,000 | $ 228,000 |
| Orange, New York | 1 | $ 155,000 | $ 155,000 | $ 96,000 |
| Ulster, New York | 1 | $ 195,000 | $ 195,000 | $ 96,000 |
| Guilford, North Carolina | 1 | $ 135,000 | $ 135,000 | $ 84,000 |
| Cuyahoga, Ohio | 1 | $ 105,000 | $ 105,000 | $ 58,000 |
| Warren, Ohio | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Lane, Oregon | 1 | $ 275,000 | $ 275,000 | $ 68,000 |
| Washington, Oregon | 1 | $ 255,000 | $ 255,000 | $ 190,000 |
| Yamhill, Oregon | 1 | $ 175,000 | $ 175,000 | $ 72,000 |
| Blount, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 94,000 |
| Sumner, Tennessee | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Dallas, Texas | 1 | $ 215,000 | $ 215,000 | $ 144,000 |
| Gregg, Texas | 1 | $ 185,000 | $ 185,000 | $ 63,000 |
| Tarrant, Texas | 1 | $ 215,000 | $ 215,000 | $ 90,000 |
| Utah, Utah | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Arlington, Virginia | 1 | $ 605,000 | $ 605,000 | $ 180,000 |
| Chesterfield, Virginia | 1 | $ 215,000 | $ 215,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for Sterling Bank and Trust, FSB in 2019
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,974 | $1,176,860,000 | $596,000 | $5,925,000 | $213,000 | $9,816,000 |
| Refinancing | 448 | $262,680,000 | $586,000 | $5,505,000 | $215,000 | $1,500,000 |
| Cash-out Refinancing | 239 | $149,305,000 | $624,000 | $5,005,000 | $192,000 | $1,500,000 |
| Other Purpose | 98 | $54,950,000 | $560,000 | $3,505,000 | $306,000 | $2,142,000 |
| Home Improvement | 33 | $15,865,000 | $480,000 | $1,265,000 | $190,000 | $720,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 2,316 | $1,357,800,000 | $586,000 | $5,925,000 | $216,000 | $9,816,000 |
| White | 331 | $198,385,000 | $599,000 | $5,005,000 | $214,000 | $1,200,000 |
| Not Provided | 59 | $44,535,000 | $754,000 | $5,505,000 | $227,000 | $1,080,000 |
| Hispanic | 51 | $22,085,000 | $433,000 | $1,195,000 | $126,000 | $320,000 |
| Not applicable | 13 | $24,915,000 | $1,916,000 | $4,805,000 | $0 | $0 |
| Black or African American | 11 | $4,045,000 | $367,000 | $675,000 | $124,000 | $315,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $2,890,000 | $722,000 | $1,085,000 | $194,000 | $234,000 |
| American Indian or Alaskan Native | 4 | $3,370,000 | $842,000 | $1,235,000 | $308,000 | $488,000 |
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) | 2,749 | $1,647,615,000 | $599,000 | $5,925,000 | $216,000 | $9,816,000 |
| FHA-insured (Federal Housing Administration) | 21 | $5,445,000 | $259,000 | $455,000 | $65,000 | $109,000 |
| VA-guaranteed (Veterans Administration) | 20 | $6,310,000 | $315,000 | $505,000 | $75,000 | $136,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $290,000 | $145,000 | $155,000 | $45,000 | $46,000 |
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 | 1,752 | $1,003,870,000 | $572,000 | $5,925,000 | $208,000 | $9,816,000 |
| Application Approved But Not Accepted | 418 | $245,840,000 | $588,000 | $4,305,000 | $228,000 | $3,000,000 |
| Application Withdrawn By Applicant | 196 | $134,000,000 | $683,000 | $4,265,000 | $264,000 | $2,400,000 |
| Application Denied By Financial Institution | 136 | $92,870,000 | $682,000 | $5,005,000 | $197,000 | $1,500,000 |
| Preapproval Approved but not Accepted | 100 | $93,530,000 | $935,000 | $5,005,000 | $316,000 | $1,800,000 |
| File Closed For Incompleteness | 96 | $58,140,000 | $605,000 | $5,505,000 | $194,000 | $1,080,000 |
| Loan Purchased By The Institution | 86 | $25,780,000 | $299,000 | $605,000 | $86,000 | $426,000 |
| Preapproval Denied by Financial Institution | 8 | $5,630,000 | $703,000 | $1,605,000 | $177,000 | $420,000 |
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 | 2,648 | $1,561,160,000 | $589,000 | $5,925,000 | $215,000 | $9,816,000 |
| Debt-To-Income Ratio | 45 | $31,295,000 | $695,000 | $5,005,000 | $114,000 | $384,000 |
| Unverifiable Information | 33 | $17,265,000 | $523,000 | $1,605,000 | $189,000 | $510,000 |
| Credit History | 21 | $16,445,000 | $783,000 | $2,135,000 | $246,000 | $959,000 |
| Other | 17 | $12,515,000 | $736,000 | $4,685,000 | $256,000 | $1,500,000 |
| Collateral | 17 | $11,225,000 | $660,000 | $3,605,000 | $249,000 | $1,500,000 |
| Credit Application Incomplete | 9 | $7,335,000 | $815,000 | $3,005,000 | $249,000 | $780,000 |
| Employment History | 1 | $425,000 | $425,000 | $425,000 | $161,000 | $161,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,995,000 | $1,995,000 | $1,995,000 | $680,000 | $680,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling Bank and Trust, FSB's 2019 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 Sterling Bank and Trust, FSB'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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