Sterling National Bank Mortgage Lending & HMDA Data, 2021
In 2021, Sterling National Bank of Montebello, NY reported 410 mortgage applications totaling $1.2 billion, up 231% from 2020. The average application was for $2,870,951, and applicants reported an average income of $294,296. 56% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (249), Nassau County-Suffolk County, NY (59) and New York-Newark, NY (26) (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 | 2021 2020 2019 2018 2017 2015 |
| Total Number of Mortgage Applications | 410 |
| Total Mortgage Loan Application Amount | $1,177,090,000 |
| Average Mortgage Loan Application Amount | $2,870,951 |
| Highest Mortgage Loan Application Amount | $33,905,000 |
| Average Applicant Income | $294,296 |
| Highest Applicant Income | $2,194,000 |
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(HMDA) records Sterling National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 249 | $ 873,795,000 | $ 3,509,216 | $ 299,771 |
| Nassau County-Suffolk County, NY | 59 | $ 159,915,000 | $ 2,710,423 | $ 222,000 |
| New York-Newark, NY | 26 | $ 32,820,000 | $ 1,262,307 | $ 278,500 |
| Newark, NJ-PA | 15 | $ 19,755,000 | $ 1,317,000 | $ 451,000 |
| Los Angeles-Long Beach-Glendale, CA | 12 | $ 13,810,000 | $ 1,150,833 | $ 328,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 14,005,000 | $ 1,273,181 | $ 411,000 |
| Outside any metro area | 7 | $ 5,835,000 | $ 833,571 | $ 180,857 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 5,245,000 | $ 1,049,000 | $ 334,000 |
| Camden, NJ | 3 | $ 8,225,000 | $ 2,741,666 | $ 292,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 1,700,000 | $ 850,000 | $ 269,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,330,000 | $ 665,000 | $ 1,138,000 |
| San Diego-Carlsbad, CA | 2 | $ 2,440,000 | $ 1,220,000 | $ 307,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 3,550,000 | $ 1,775,000 | $ 430,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 1,170,000 | $ 585,000 | $ 170,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 2,240,000 | $ 1,120,000 | $ 523,000 |
| Houma-Thibodaux, LA | 1 | $ 3,075,000 | $ 3,075,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 11,955,000 | $ 11,955,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 945,000 | $ 945,000 | $ 0 |
| Ocean City, NJ | 1 | $ 1,605,000 | $ 1,605,000 | $ 655,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 435,000 | $ 435,000 | $ 128,000 |
| Philadelphia, PA | 1 | $ 8,615,000 | $ 8,615,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Salinas, CA | 1 | $ 1,435,000 | $ 1,435,000 | $ 367,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 1,175,000 | $ 1,175,000 | $ 290,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 685,000 | $ 685,000 | $ 130,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 705,000 | $ 705,000 | $ 478,000 |
Mortgage Loan Application Detail Totals for Sterling National Bank in 2021
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 | 172 | $191,620,000 | $1,114,000 | $16,505,000 | $302,000 | $2,194,000 |
| Cash-out Refinancing | 148 | $821,090,000 | $5,547,000 | $33,905,000 | $282,000 | $694,000 |
| Refinancing | 83 | $136,825,000 | $1,648,000 | $10,255,000 | $312,000 | $1,335,000 |
| Home Improvement | 4 | $8,180,000 | $2,045,000 | $3,505,000 | $68,000 | $68,000 |
| Not Applicable | 2 | $18,920,000 | $9,460,000 | $11,955,000 | $0 | $0 |
| Other Purpose | 1 | $455,000 | $455,000 | $455,000 | $225,000 | $225,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 218 | $1,020,590,000 | $4,681,000 | $33,905,000 | $400,000 | $1,203,000 |
| White | 88 | $76,940,000 | $874,000 | $5,655,000 | $305,000 | $1,335,000 |
| Not Provided | 47 | $54,105,000 | $1,151,000 | $9,005,000 | $339,000 | $2,194,000 |
| Black or African American | 22 | $6,300,000 | $286,000 | $895,000 | $78,000 | $221,000 |
| Hispanic | 21 | $7,215,000 | $343,000 | $1,095,000 | $101,000 | $421,000 |
| Asian | 14 | $11,940,000 | $852,000 | $1,885,000 | $278,000 | $622,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 410 | $1,177,090,000 | $2,870,000 | $33,905,000 | $299,000 | $2,194,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 229 | $810,725,000 | $3,540,000 | $33,905,000 | $276,000 | $2,194,000 |
| Loan Purchased By The Institution | 115 | $184,155,000 | $1,601,000 | $11,955,000 | $394,000 | $1,203,000 |
| Application Withdrawn By Applicant | 50 | $153,120,000 | $3,062,000 | $16,505,000 | $236,000 | $1,335,000 |
| Application Denied By Financial Institution | 11 | $6,645,000 | $604,000 | $1,885,000 | $145,000 | $406,000 |
| Application Approved But Not Accepted | 3 | $12,525,000 | $4,175,000 | $4,915,000 | $0 | $0 |
| File Closed For Incompleteness | 2 | $9,920,000 | $4,960,000 | $9,005,000 | $334,000 | $334,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 399 | $1,170,445,000 | $2,933,000 | $33,905,000 | $306,000 | $2,194,000 |
| Credit History | 5 | $4,025,000 | $805,000 | $1,575,000 | $203,000 | $406,000 |
| Debt-To-Income Ratio | 4 | $2,330,000 | $582,000 | $1,885,000 | $111,000 | $282,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $44,000 | $44,000 |
| Collateral | 1 | $205,000 | $205,000 | $205,000 | $91,000 | $91,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling National Bank's 2021 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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