Sterling National Bank Mortgage Lending & HMDA Data, 2013

In 2013, Sterling National Bank of Great Neck, NY reported 1,805 mortgage applications totaling $619.5 million. The average application was for $343,207, and applicants reported an average income of $154,560. 74% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (984), Nassau-Suffolk, NY (373) and Hartford-West Hartford-East Hartford, CT (47) (applications in parentheses).

Mortgage Company & Address Sterling National Bank
98 Cuttermill Road
Great Neck, NY 11021
Tel #: available with data download
Federal Regulator * available with data download
Years 2013  
Total Number of Mortgage Applications 1,805
Total Mortgage Loan Application Amount $619,489,000
Average Mortgage Loan Application Amount $343,207
Highest Mortgage Loan Application Amount $2,210,000
Average Applicant Income $154,560
Highest Applicant Income $4,329,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Sterling National Bank by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Kings, New York 473 $ 200,787,000 $ 424,496 $ 154,000
Queens, New York 213 $ 61,147,000 $ 287,075 $ 109,000
Nassau, New York 202 $ 70,669,000 $ 349,846 $ 169,000
Suffolk, New York 171 $ 56,252,000 $ 328,959 $ 157,000
New York, New York 145 $ 59,621,000 $ 411,179 $ 220,000
Westchester, New York 58 $ 21,693,000 $ 374,017 $ 187,000
New Haven, Connecticut 35 $ 5,611,000 $ 160,314 $ 65,000
Fairfield, Connecticut 29 $ 10,051,000 $ 346,586 $ 139,000
Bergen, New Jersey 28 $ 10,782,000 $ 385,071 $ 268,000
Hartford, Connecticut 24 $ 3,574,000 $ 148,916 $ 78,000
Monmouth, New Jersey 24 $ 7,916,000 $ 329,833 $ 161,000
Bronx, New York 24 $ 8,088,000 $ 337,000 $ 106,000
Middlesex, Connecticut 23 $ 4,788,000 $ 208,173 $ 92,000
Richmond, New York 20 $ 6,053,000 $ 302,650 $ 118,000
Essex, New Jersey 13 $ 4,352,000 $ 334,769 $ 172,000
Hudson, New Jersey 13 $ 4,410,000 $ 339,230 $ 167,000
Pinellas, Florida 12 $ 2,826,000 $ 235,500 $ 130,000
Dutchess, New York 10 $ 2,162,000 $ 216,200 $ 109,000
Miami-Dade, Florida 9 $ 2,309,000 $ 256,555 $ 235,000
Palm Beach, Florida 8 $ 2,616,000 $ 327,000 $ 276,000
Middlesex, Massachusetts 8 $ 2,663,000 $ 332,875 $ 101,000
Broward, Florida 6 $ 2,731,000 $ 455,166 $ 225,000
Fulton, Georgia 6 $ 1,883,000 $ 313,833 $ 174,000
Essex, Massachusetts 6 $ 1,972,000 $ 328,666 $ 137,000
Rockland, New York 6 $ 2,036,000 $ 339,333 $ 120,000
New London, Connecticut 5 $ 1,007,000 $ 201,400 $ 69,000
Forsyth, Georgia 5 $ 974,000 $ 194,800 $ 103,000
Litchfield, Connecticut 4 $ 898,000 $ 224,500 $ 129,000
Berkshire, Massachusetts 4 $ 1,344,000 $ 336,000 $ 243,000
Middlesex, New Jersey 4 $ 1,537,000 $ 384,250 $ 107,000
Ocean, New Jersey 4 $ 999,000 $ 249,750 $ 205,000
Putnam, New York 4 $ 2,116,000 $ 529,000 $ 175,000
Wake, North Carolina 4 $ 968,000 $ 242,000 $ 89,000
Fairfax, Virginia 4 $ 1,297,000 $ 324,250 $ 102,000
Adams, Colorado 3 $ 554,000 $ 184,666 $ 62,000
Collier, Florida 3 $ 695,000 $ 231,666 $ 76,000
Lee, Florida 3 $ 634,000 $ 211,333 $ 163,000
Okaloosa, Florida 3 $ 570,000 $ 190,000 $ 71,000
Gwinnett, Georgia 3 $ 1,262,000 $ 420,666 $ 445,000
East Baton Rouge, Louisiana 3 $ 671,000 $ 223,666 $ 147,000
Montgomery, Maryland 3 $ 1,202,000 $ 400,666 $ 186,000
Barnstable, Massachusetts 3 $ 725,000 $ 241,666 $ 63,000
Suffolk, Massachusetts 3 $ 853,000 $ 284,333 $ 135,000
Columbia, New York 3 $ 595,000 $ 198,333 $ 364,000
Delaware, New York 3 $ 585,000 $ 195,000 $ 252,000
Orange, New York 3 $ 813,000 $ 271,000 $ 229,000
Schenectady, New York 3 $ 648,000 $ 216,000 $ 104,000
Ulster, New York 3 $ 769,000 $ 256,333 $ 164,000
Snohomish, Washington 3 $ 880,000 $ 293,333 $ 137,000
Shelby, Alabama 2 $ 584,000 $ 292,000 $ 94,000
Maricopa, Arizona 2 $ 482,000 $ 241,000 $ 54,000
El Dorado, California 2 $ 652,000 $ 326,000 $ 84,000
Boulder, Colorado 2 $ 668,000 $ 334,000 $ 70,000
Pueblo, Colorado 2 $ 242,000 $ 121,000 $ 31,000
Sussex, Delaware 2 $ 473,000 $ 236,500 $ 101,000
District of Columbia, District Of Columbia 2 $ 994,000 $ 497,000 $ 307,000
Duval, Florida 2 $ 504,000 $ 252,000 $ 193,000
Hillsborough, Florida 2 $ 483,000 $ 241,500 $ 187,000
Orange, Florida 2 $ 268,000 $ 134,000 $ 56,000
Cook, Illinois 2 $ 187,000 $ 93,500 $ 142,000
Orleans, Louisiana 2 $ 413,000 $ 206,500 $ 219,000
Bristol, Massachusetts 2 $ 667,000 $ 333,500 $ 98,000
Rankin, Mississippi 2 $ 160,000 $ 80,000 $ 52,000
Gallatin, Montana 2 $ 719,000 $ 359,500 $ 383,000
Clark, Nevada 2 $ 318,000 $ 159,000 $ 176,000
Grafton, New Hampshire 2 $ 393,000 $ 196,500 $ 82,000
Hillsborough, New Hampshire 2 $ 355,000 $ 177,500 $ 69,000
Merrimack, New Hampshire 2 $ 265,000 $ 132,500 $ 76,000
Mercer, New Jersey 2 $ 513,000 $ 256,500 $ 186,000
Somerset, New Jersey 2 $ 572,000 $ 286,000 $ 140,000
Albany, New York 2 $ 496,000 $ 248,000 $ 136,000
Onondaga, New York 2 $ 378,000 $ 189,000 $ 124,000
Union, North Carolina 2 $ 646,000 $ 323,000 $ 145,000
Jackson, Oregon 2 $ 267,000 $ 133,500 $ 60,000
Chester, Pennsylvania 2 $ 995,000 $ 497,500 $ 140,000
Philadelphia, Pennsylvania 2 $ 620,000 $ 310,000 $ 247,000
Pike, Pennsylvania 2 $ 254,000 $ 127,000 $ 213,000
Shelby, Tennessee 2 $ 255,000 $ 127,500 $ 69,000
Windham, Vermont 2 $ 519,000 $ 259,500 $ 456,000
Prince William, Virginia 2 $ 446,000 $ 223,000 $ 43,000
Pierce, Washington 2 $ 594,000 $ 297,000 $ 95,000
Los Angeles, California 1 $ 600,000 $ 600,000 $ 114,000
San Diego, California 1 $ 546,000 $ 546,000 $ 93,000
Broomfield, Colorado 1 $ 219,000 $ 219,000 $ 92,000
El Paso, Colorado 1 $ 172,000 $ 172,000 $ 115,000
Jefferson, Colorado 1 $ 204,000 $ 204,000 $ 66,000
Larimer, Colorado 1 $ 175,000 $ 175,000 $ 59,000
New Castle, Delaware 1 $ 120,000 $ 120,000 $ 120,000
Bay, Florida 1 $ 118,000 $ 118,000 $ 214,000
Charlotte, Florida 1 $ 167,000 $ 167,000 $ 81,000
Indian River, Florida 1 $ 151,000 $ 151,000 $ 101,000
Leon, Florida 1 $ 332,000 $ 332,000 $ 55,000
Marion, Florida 1 $ 294,000 $ 294,000 $ 91,000
Sarasota, Florida 1 $ 332,000 $ 332,000 $ 177,000
St. Johns, Florida 1 $ 288,000 $ 288,000 $ 121,000
St. Lucie, Florida 1 $ 110,000 $ 110,000 $ 117,000
Wakulla, Florida 1 $ 83,000 $ 83,000 $ 56,000
Chatham, Georgia 1 $ 102,000 $ 102,000 $ 90,000
Clarke, Georgia 1 $ 225,000 $ 225,000 $ 133,000
Gilmer, Georgia 1 $ 330,000 $ 330,000 $ 169,000
Houston, Georgia 1 $ 366,000 $ 366,000 $ 73,000
Jones, Georgia 1 $ 183,000 $ 183,000 $ 162,000
Madison, Georgia 1 $ 123,000 $ 123,000 $ 74,000
Muscogee, Georgia 1 $ 35,000 $ 35,000 $ 195,000
Rockdale, Georgia 1 $ 166,000 $ 166,000 $ 52,000
Toombs, Georgia 1 $ 390,000 $ 390,000 $ 375,000
Ada, Idaho 1 $ 300,000 $ 300,000 $ 448,000
Bingham, Idaho 1 $ 126,000 $ 126,000 $ 37,000
DuPage, Illinois 1 $ 202,000 $ 202,000 $ 75,000
Ellis, Kansas 1 $ 274,000 $ 274,000 $ 53,000
Jefferson, Louisiana 1 $ 144,000 $ 144,000 $ 55,000
St. Tammany, Louisiana 1 $ 180,000 $ 180,000 $ 59,000
Terrebonne, Louisiana 1 $ 260,000 $ 260,000 $ 88,000
Hancock, Maine 1 $ 293,000 $ 293,000 $ 375,000
Anne Arundel, Maryland 1 $ 241,000 $ 241,000 $ 163,000
Howard, Maryland 1 $ 281,000 $ 281,000 $ 78,000
Queen Anne's, Maryland 1 $ 495,000 $ 495,000 $ 453,000
Dukes, Massachusetts 1 $ 176,000 $ 176,000 $ 58,000
Norfolk, Massachusetts 1 $ 385,000 $ 385,000 $ 321,000
Worcester, Massachusetts 1 $ 326,000 $ 326,000 $ 114,000
Dakota, Minnesota 1 $ 155,000 $ 155,000 $ 106,000
Hennepin, Minnesota 1 $ 218,000 $ 218,000 $ 129,000
Hinds, Mississippi 1 $ 255,000 $ 255,000 $ 70,000
Platte, Missouri 1 $ 146,000 $ 146,000 $ 65,000
Lancaster, Nebraska 1 $ 359,000 $ 359,000 $ 436,000
Carroll, New Hampshire 1 $ 244,000 $ 244,000 $ 286,000
Rockingham, New Hampshire 1 $ 282,000 $ 282,000 $ 107,000
Cape May, New Jersey 1 $ 401,000 $ 401,000 $ 426,000
Hunterdon, New Jersey 1 $ 560,000 $ 560,000 $ 172,000
Morris, New Jersey 1 $ 300,000 $ 300,000 $ 296,000
Sussex, New Jersey 1 $ 80,000 $ 80,000 $ 138,000
Santa Fe, New Mexico 1 $ 417,000 $ 417,000 $ 373,000
Essex, New York 1 $ 267,000 $ 267,000 $ 541,000
Niagara, New York 1 $ 265,000 $ 265,000 $ 196,000
Otsego, New York 1 $ 400,000 $ 400,000 $ 384,000
Rensselaer, New York 1 $ 360,000 $ 360,000 $ 206,000
Guilford, North Carolina 1 $ 117,000 $ 117,000 $ 73,000
Iredell, North Carolina 1 $ 276,000 $ 276,000 $ 153,000
Lenoir, North Carolina 1 $ 140,000 $ 140,000 $ 74,000
Macon, North Carolina 1 $ 252,000 $ 252,000 $ 55,000
Mecklenburg, North Carolina 1 $ 1,146,000 $ 1,146,000 $ 293,000
Clackamas, Oregon 1 $ 225,000 $ 225,000 $ 60,000
Allegheny, Pennsylvania 1 $ 244,000 $ 244,000 $ 106,000
Delaware, Pennsylvania 1 $ 417,000 $ 417,000 $ 146,000
Lehigh, Pennsylvania 1 $ 350,000 $ 350,000 $ 82,000
Monroe, Pennsylvania 1 $ 294,000 $ 294,000 $ 129,000
Montgomery, Pennsylvania 1 $ 301,000 $ 301,000 $ 132,000
Wayne, Pennsylvania 1 $ 81,000 $ 81,000 $ 37,000
Westmoreland, Pennsylvania 1 $ 213,000 $ 213,000 $ 145,000
York, Pennsylvania 1 $ 155,000 $ 155,000 $ 99,000
Beaufort, South Carolina 1 $ 274,000 $ 274,000 $ 144,000
Charleston, South Carolina 1 $ 327,000 $ 327,000 $ 121,000
Richland, South Carolina 1 $ 204,000 $ 204,000 $ 29,000
York, South Carolina 1 $ 230,000 $ 230,000 $ 64,000
Davidson, Tennessee 1 $ 255,000 $ 255,000 $ 1,431,000
Franklin, Tennessee 1 $ 164,000 $ 164,000 $ 13,000
Sevier, Tennessee 1 $ 250,000 $ 250,000 $ 153,000
Davis, Utah 1 $ 160,000 $ 160,000 $ 248,000
Wasatch, Utah 1 $ 260,000 $ 260,000 $ 79,000
Bennington, Vermont 1 $ 313,000 $ 313,000 $ 217,000
Rutland, Vermont 1 $ 347,000 $ 347,000 $ 173,000
Arlington, Virginia 1 $ 532,000 $ 532,000 $ 153,000
Botetourt, Virginia 1 $ 181,000 $ 181,000 $ 50,000
Falls Church, Virginia 1 $ 506,000 $ 506,000 $ 116,000
Henry, Virginia 1 $ 93,000 $ 93,000 $ 38,000
Isle of Wight, Virginia 1 $ 285,000 $ 285,000 $ 66,000
Montgomery, Virginia 1 $ 405,000 $ 405,000 $ 115,000
Clark, Washington 1 $ 197,000 $ 197,000 $ 104,000
King, Washington 1 $ 240,000 $ 240,000 $ 180,000
Spokane, Washington 1 $ 177,000 $ 177,000 $ 136,000
Jefferson, West Virginia 1 $ 310,000 $ 310,000 $ 96,000
Marion, West Virginia 1 $ 236,000 $ 236,000 $ 120,000
Outagamie, Wisconsin 1 $ 139,000 $ 139,000 $ 101,000

Mortgage Loan Application Detail Totals for Sterling National Bank in 2013

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 983 $352,147,000 $358,000 $2,210,000 $155,000 $4,329,000
Refinancing 667 $217,828,000 $326,000 $1,641,000 $148,000 $847,000
Home Improvement 155 $49,514,000 $319,000 $1,500,000 $180,000 $1,672,000

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 1,370 $479,244,000 $349,000 $2,210,000 $163,000 $4,329,000
Asian 160 $54,534,000 $340,000 $1,466,000 $148,000 $838,000
Hispanic 136 $39,286,000 $288,000 $1,100,000 $103,000 $370,000
Black or African American 88 $25,834,000 $293,000 $951,000 $110,000 $716,000
Not Provided 47 $19,151,000 $407,000 $1,641,000 $155,000 $470,000
Native Hawaiian or Other Pacific Islander 3 $1,152,000 $384,000 $505,000 $232,000 $375,000
American Indian or Alaskan Native 1 $288,000 $288,000 $288,000 $76,000 $76,000
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) 1,585 $545,030,000 $343,000 $2,210,000 $159,000 $2,300,000
FHA-insured (Federal Housing Administration) 219 $74,273,000 $339,000 $1,100,000 $126,000 $4,329,000
VA-guaranteed (Veterans Administration) 1 $186,000 $186,000 $186,000 $77,000 $77,000
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 1,339 $447,923,000 $334,000 $2,210,000 $150,000 $1,736,000
Application Withdrawn By Applicant 253 $97,545,000 $385,000 $1,500,000 $161,000 $2,300,000
File Closed For Incompleteness 103 $38,088,000 $369,000 $1,466,000 $191,000 $4,329,000
Application Denied By Financial Institution 94 $28,929,000 $307,000 $1,150,000 $127,000 $898,000
Application Approved But Not Accepted 16 $7,004,000 $437,000 $1,251,000 $331,000 $1,627,000
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
Debt-To-Income Ratio 31 $10,650,000 $343,000 $1,150,000 $94,000 $429,000
Collateral 25 $6,597,000 $263,000 $520,000 $136,000 $707,000
Credit History 13 $4,591,000 $353,000 $1,100,000 $228,000 $898,000
Other 10 $2,270,000 $227,000 $623,000 $110,000 $283,000
Employment History 6 $2,301,000 $383,000 $714,000 $105,000 $288,000
Unverifiable Information 5 $1,079,000 $215,000 $412,000 $83,000 $167,000
Insufficient Cash (Downpayment, Closing Cost) 3 $1,295,000 $431,000 $575,000 $155,000 $231,000
Credit Application Incomplete 1 $146,000 $146,000 $146,000 $40,000 $40,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Bank's 2013 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 National Bank'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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