Sterling National Bank Mortgage Lending & HMDA Data, 2016
In 2016, Sterling National Bank of Montebello, NY reported 1,506 mortgage applications totaling $706.7 million. The average application was for $469,243, and applicants reported an average income of $178,685. 66% of its applications resulted in an originated loan and 8% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,101), Nassau County-Suffolk County, NY (253) and Newark, NJ-PA (23) (applications in parentheses).
| Mortgage Company & Address | Sterling National Bank 400 Rella Blvd. Montebello, NY 10901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2014 |
| Total Number of Mortgage Applications | 1,506 |
| Total Mortgage Loan Application Amount | $706,681,000 |
| Average Mortgage Loan Application Amount | $469,243 |
| Highest Mortgage Loan Application Amount | $14,000,000 |
| Average Applicant Income | $178,685 |
| Highest Applicant Income | $4,396,000 |
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(HMDA) records Sterling National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 340 | $ 176,912,000 | $ 520,329 | $ 181,000 |
| Queens, New York | 254 | $ 78,494,000 | $ 309,031 | $ 130,000 |
| New York, New York | 182 | $ 172,930,000 | $ 950,164 | $ 292,000 |
| Nassau, New York | 128 | $ 48,081,000 | $ 375,632 | $ 169,000 |
| Suffolk, New York | 125 | $ 43,404,000 | $ 347,232 | $ 150,000 |
| Westchester, New York | 82 | $ 32,162,000 | $ 392,219 | $ 157,000 |
| Rockland, New York | 58 | $ 17,061,000 | $ 294,155 | $ 148,000 |
| Orange, New York | 54 | $ 12,193,000 | $ 225,796 | $ 141,000 |
| Bronx, New York | 33 | $ 8,539,000 | $ 258,757 | $ 99,000 |
| Richmond, New York | 30 | $ 9,088,000 | $ 302,933 | $ 102,000 |
| Bergen, New Jersey | 29 | $ 13,572,000 | $ 468,000 | $ 246,000 |
| Monmouth, New Jersey | 28 | $ 14,275,000 | $ 509,821 | $ 249,000 |
| Dutchess, New York | 12 | $ 3,188,000 | $ 265,666 | $ 154,000 |
| Essex, New Jersey | 11 | $ 7,553,000 | $ 686,636 | $ 148,000 |
| Ulster, New York | 11 | $ 2,438,000 | $ 221,636 | $ 114,000 |
| Fairfield, Connecticut | 10 | $ 13,739,000 | $ 1,373,900 | $ 95,000 |
| Hudson, New Jersey | 8 | $ 4,071,000 | $ 508,875 | $ 251,000 |
| Los Angeles, California | 6 | $ 3,380,000 | $ 563,333 | $ 453,000 |
| Morris, New Jersey | 6 | $ 3,306,000 | $ 551,000 | $ 359,000 |
| Putnam, New York | 6 | $ 1,702,000 | $ 283,666 | $ 161,000 |
| Monroe, Pennsylvania | 5 | $ 883,000 | $ 176,600 | $ 97,000 |
| Lee, Florida | 4 | $ 1,948,000 | $ 487,000 | $ 279,000 |
| Miami-Dade, Florida | 4 | $ 1,204,000 | $ 301,000 | $ 531,000 |
| Palm Beach, Florida | 4 | $ 1,770,000 | $ 442,500 | $ 396,000 |
| Broward, Florida | 3 | $ 528,000 | $ 176,000 | $ 211,000 |
| Union, New Jersey | 3 | $ 945,000 | $ 315,000 | $ 135,000 |
| Delaware, New York | 3 | $ 961,000 | $ 320,333 | $ 461,000 |
| San Joaquin, California | 2 | $ 4,375,000 | $ 2,187,500 | $ 0 |
| New Haven, Connecticut | 2 | $ 590,000 | $ 295,000 | $ 93,000 |
| Collier, Florida | 2 | $ 550,000 | $ 275,000 | $ 121,000 |
| Ocean, New Jersey | 2 | $ 464,000 | $ 232,000 | $ 131,000 |
| Albany, New York | 2 | $ 392,000 | $ 196,000 | $ 242,000 |
| Columbia, New York | 2 | $ 625,000 | $ 312,500 | $ 162,000 |
| Sullivan, New York | 2 | $ 184,000 | $ 92,000 | $ 40,000 |
| Multnomah, Oregon | 2 | $ 405,000 | $ 202,500 | $ 165,000 |
| Delaware, Pennsylvania | 2 | $ 423,000 | $ 211,500 | $ 259,000 |
| Ellis, Texas | 2 | $ 4,515,000 | $ 2,257,500 | $ 0 |
| Alleghany, Virginia | 2 | $ 313,000 | $ 156,500 | $ 70,000 |
| Maricopa, Arizona | 1 | $ 216,000 | $ 216,000 | $ 136,000 |
| Alameda, California | 1 | $ 1,500,000 | $ 1,500,000 | $ 333,000 |
| Orange, California | 1 | $ 268,000 | $ 268,000 | $ 55,000 |
| Hartford, Connecticut | 1 | $ 130,000 | $ 130,000 | $ 56,000 |
| New Castle, Delaware | 1 | $ 149,000 | $ 149,000 | $ 54,000 |
| Hernando, Florida | 1 | $ 240,000 | $ 240,000 | $ 88,000 |
| Orange, Florida | 1 | $ 900,000 | $ 900,000 | $ 325,000 |
| Osceola, Florida | 1 | $ 72,000 | $ 72,000 | $ 126,000 |
| Putnam, Florida | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Sarasota, Florida | 1 | $ 1,860,000 | $ 1,860,000 | $ 205,000 |
| Lafourche, Louisiana | 1 | $ 1,820,000 | $ 1,820,000 | $ 0 |
| Cumberland, Maine | 1 | $ 689,000 | $ 689,000 | $ 611,000 |
| Lincoln, Maine | 1 | $ 345,000 | $ 345,000 | $ 178,000 |
| Barnstable, Massachusetts | 1 | $ 128,000 | $ 128,000 | $ 78,000 |
| Middlesex, Massachusetts | 1 | $ 295,000 | $ 295,000 | $ 577,000 |
| Suffolk, Massachusetts | 1 | $ 203,000 | $ 203,000 | $ 275,000 |
| St. Louis, Missouri | 1 | $ 212,000 | $ 212,000 | $ 189,000 |
| Lewis and Clark, Montana | 1 | $ 118,000 | $ 118,000 | $ 27,000 |
| Rockingham, New Hampshire | 1 | $ 889,000 | $ 889,000 | $ 1,304,000 |
| Camden, New Jersey | 1 | $ 226,000 | $ 226,000 | $ 111,000 |
| Hunterdon, New Jersey | 1 | $ 172,000 | $ 172,000 | $ 44,000 |
| Mercer, New Jersey | 1 | $ 400,000 | $ 400,000 | $ 210,000 |
| Passaic, New Jersey | 1 | $ 2,700,000 | $ 2,700,000 | $ 0 |
| Somerset, New Jersey | 1 | $ 171,000 | $ 171,000 | $ 132,000 |
| Broome, New York | 1 | $ 336,000 | $ 336,000 | $ 305,000 |
| Essex, New York | 1 | $ 152,000 | $ 152,000 | $ 50,000 |
| Greene, New York | 1 | $ 302,000 | $ 302,000 | $ 81,000 |
| Warren, New York | 1 | $ 285,000 | $ 285,000 | $ 139,000 |
| Buncombe, North Carolina | 1 | $ 214,000 | $ 214,000 | $ 164,000 |
| Cabarrus, North Carolina | 1 | $ 268,000 | $ 268,000 | $ 219,000 |
| Carteret, North Carolina | 1 | $ 186,000 | $ 186,000 | $ 220,000 |
| Rowan, North Carolina | 1 | $ 119,000 | $ 119,000 | $ 28,000 |
| Wake, North Carolina | 1 | $ 185,000 | $ 185,000 | $ 49,000 |
| Tulsa, Oklahoma | 1 | $ 725,000 | $ 725,000 | $ 250,000 |
| Josephine, Oregon | 1 | $ 286,000 | $ 286,000 | $ 355,000 |
| Bucks, Pennsylvania | 1 | $ 394,000 | $ 394,000 | $ 90,000 |
| Pike, Pennsylvania | 1 | $ 194,000 | $ 194,000 | $ 140,000 |
| Wayne, Pennsylvania | 1 | $ 103,000 | $ 103,000 | $ 90,000 |
| York, Pennsylvania | 1 | $ 167,000 | $ 167,000 | $ 101,000 |
| Claiborne, Tennessee | 1 | $ 122,000 | $ 122,000 | $ 50,000 |
| Rutherford, Tennessee | 1 | $ 214,000 | $ 214,000 | $ 0 |
| Windham, Vermont | 1 | $ 150,000 | $ 150,000 | $ 172,000 |
| Loudoun, Virginia | 1 | $ 576,000 | $ 576,000 | $ 107,000 |
| Stafford, Virginia | 1 | $ 200,000 | $ 200,000 | $ 91,000 |
| Teton, Wyoming | 1 | $ 362,000 | $ 362,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Sterling National Bank in 2016
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 | 1,043 | $505,539,000 | $484,000 | $14,000,000 | $171,000 | $3,946,000 |
| Refinancing | 376 | $161,232,000 | $428,000 | $8,000,000 | $196,000 | $4,396,000 |
| Home Improvement | 87 | $39,910,000 | $458,000 | $4,250,000 | $196,000 | $1,157,000 |
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 | 886 | $418,517,000 | $472,000 | $8,000,000 | $223,000 | $4,396,000 |
| Not applicable | 194 | $122,775,000 | $632,000 | $14,000,000 | $43,000 | $218,000 |
| Asian | 150 | $64,764,000 | $431,000 | $1,700,000 | $166,000 | $1,405,000 |
| Hispanic | 148 | $53,604,000 | $362,000 | $3,000,000 | $141,000 | $1,304,000 |
| Black or African American | 84 | $27,966,000 | $332,000 | $2,000,000 | $122,000 | $704,000 |
| Not Provided | 34 | $14,040,000 | $412,000 | $1,680,000 | $165,000 | $744,000 |
| American Indian or Alaskan Native | 5 | $3,046,000 | $609,000 | $1,860,000 | $143,000 | $252,000 |
| Native Hawaiin or Other Pacific Islander | 5 | $1,969,000 | $393,000 | $930,000 | $149,000 | $308,000 |
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) | 1,366 | $658,879,000 | $482,000 | $14,000,000 | $187,000 | $4,396,000 |
| FHA-insured (Federal Housing Administration) | 140 | $47,802,000 | $341,000 | $801,000 | $93,000 | $453,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 996 | $502,798,000 | $504,000 | $14,000,000 | $187,000 | $4,396,000 |
| Loan Purchased By The Institution | 162 | $29,836,000 | $184,000 | $533,000 | $50,000 | $84,000 |
| Application Approved But Not Accepted | 148 | $79,533,000 | $537,000 | $3,000,000 | $248,000 | $3,946,000 |
| Application Denied By Financial Institution | 113 | $53,123,000 | $470,000 | $1,950,000 | $191,000 | $1,696,000 |
| File Closed For Incompleteness | 62 | $28,029,000 | $452,000 | $4,250,000 | $204,000 | $794,000 |
| Application Withdrawn By Applicant | 25 | $13,362,000 | $534,000 | $1,496,000 | $158,000 | $673,000 |
| 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 | 48 | $23,255,000 | $484,000 | $1,700,000 | $119,000 | $615,000 |
| Collateral | 33 | $12,391,000 | $375,000 | $900,000 | $207,000 | $1,512,000 |
| Other | 11 | $5,199,000 | $472,000 | $825,000 | $348,000 | $1,696,000 |
| Credit History | 10 | $6,212,000 | $621,000 | $1,950,000 | $329,000 | $1,157,000 |
| Unverifiable Information | 5 | $2,899,000 | $579,000 | $1,800,000 | $195,000 | $651,000 |
| Employment History | 3 | $993,000 | $331,000 | $396,000 | $105,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,174,000 | $724,000 | $990,000 | $198,000 | $276,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Bank's 2016 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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with aggregated HMDA statistics today.
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