Sterling National Bank
Mortgage Loan Application
Totals and Details
for 2015

Find mortgage statistics in New York.
The mortgage statistics provided below are specific to mortgages loaned by Sterling National Bank, and
charts are available for all areas of New York.
Search for mortgage details by county or metropolitan area and explore the total number of mortgage applications and mortgage application details for 2003-2016.

Mortgage Company & Address Sterling National Bank
400 Rella Blvd.
Montebello, NY 10901
Tel #: available with data download
Federal Regulator * available with data download
Years 2015  
Total Number of Mortgage Applications 1,665
Total Mortgage Loan Application Amount $809,945,000
Average Mortgage Loan Application Amount $472,568
Highest Mortgage Loan Application Amount $10,780,000
Average Applicant Income $194,136
Highest Applicant Income $4,025,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
As you search for the best mortgages in NY, our lists will give you a good idea what to expect in any situation.
These numbers will tell you what the best mortgage loans are by county, by race, and per income. With this information, you can be prepared to get the best mortgage price when you search out a mortgage lender.

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Our numbers detail mortgage loan totals in categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage applicants in New York, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Sterling National Bank in 2015

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 1,181 $586,368,000 $496,000 $10,780,000 $200,000 $4,025,000
Refinancing 433 $198,855,000 $459,000 $6,300,000 $185,000 $1,334,000
Home Improvement 51 $24,722,000 $484,000 $1,600,000 $246,000 $2,624,000

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 1,177 $541,360,000 $459,000 $3,250,000 $218,000 $3,051,000
Asian 156 $64,149,000 $411,000 $4,445,000 $164,000 $1,322,000
Hispanic 134 $46,176,000 $344,000 $1,800,000 $133,000 $577,000
Black or African American 82 $28,486,000 $347,000 $1,120,000 $172,000 $4,025,000
Not Provided 72 $34,474,000 $478,000 $3,640,000 $194,000 $643,000
Not applicable 40 $94,491,000 $2,362,000 $10,780,000 $0 $0
Native Hawaiin or Other Pacific Islander 4 $809,000 $202,000 $274,000 $87,000 $115,000
American Indian or Alaskan Native 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) 1,591 $783,503,000 $492,000 $10,780,000 $201,000 $4,025,000
FHA-insured (Federal Housing Administration) 74 $26,442,000 $357,000 $884,000 $113,000 $325,000
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 1,224 $610,094,000 $498,000 $10,780,000 $193,000 $4,025,000
Application Approved But Not Accepted 187 $90,245,000 $482,000 $3,250,000 $241,000 $2,169,000
Application Denied By Financial Institution 137 $65,889,000 $480,000 $1,788,000 $198,000 $2,442,000
Application Withdrawn By Applicant 42 $19,284,000 $459,000 $1,920,000 $178,000 $651,000
Loan Purchased By The Institution 38 $4,551,000 $119,000 $348,000 $46,000 $83,000
File Closed For Incompleteness 37 $19,882,000 $537,000 $2,925,000 $303,000 $2,988,000
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 55 $29,825,000 $542,000 $1,788,000 $132,000 $847,000
Collateral 46 $17,649,000 $383,000 $1,520,000 $189,000 $919,000
Other 13 $7,046,000 $542,000 $1,690,000 $570,000 $2,442,000
Credit History 9 $4,346,000 $482,000 $1,120,000 $172,000 $431,000
Unverifiable Information 7 $4,289,000 $612,000 $1,643,000 $201,000 $400,000
Insufficient Cash (Downpayment, Closing Cost) 4 $2,146,000 $536,000 $740,000 $145,000 $225,000
Employment History 2 $328,000 $164,000 $248,000 $94,000 $100,000
Credit Application Incomplete 1 $260,000 $260,000 $260,000 $93,000 $93,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage application data give you everything you need to know as you start your search for the best lenders in NY, and give you an idea of what the best mortgage loans really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in New York, and search similar information back through 2003.

Download the New York Lender List