Sterling Natl Mtge Co., Inc Mortgage Lending & HMDA Data, 2011

In 2011, Sterling Natl Mtge Co., Inc of Great Neck, NY reported 787 mortgage applications totaling $260.4 million. The average application was for $330,814, and applicants reported an average income of $155,777. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Nassau-Suffolk, NY (235), New York-White Plains-Wayne, NY-NJ (233) and Hartford-West Hartford-East Hartford, CT (31) (applications in parentheses).

Mortgage Company & Address Sterling Natl Mtge Co., Inc
98 Cuttermill Rd
Great Neck, NY 11021
Federal Regulator * available with data download
Years 2011  
Total Number of Mortgage Applications 787
Total Mortgage Loan Application Amount $260,351,000
Average Mortgage Loan Application Amount $330,814
Highest Mortgage Loan Application Amount $2,600,000
Average Applicant Income $155,777
Highest Applicant Income $5,668,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Natl Mtge Co., Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Natl Mtge Co., Inc by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Nassau, New York 136 $ 57,417,000 $ 422,183 $ 247,000
Suffolk, New York 99 $ 33,622,000 $ 339,616 $ 155,000
Queens, New York 80 $ 27,070,000 $ 338,375 $ 95,000
Kings, New York 51 $ 23,581,000 $ 462,372 $ 139,000
Westchester, New York 32 $ 11,403,000 $ 356,343 $ 150,000
Hartford, Connecticut 19 $ 3,458,000 $ 182,000 $ 74,000
New York, New York 19 $ 11,116,000 $ 585,052 $ 582,000
Richmond, New York 16 $ 5,204,000 $ 325,250 $ 108,000
Fairfield, Connecticut 11 $ 4,586,000 $ 416,909 $ 301,000
Middlesex, Connecticut 11 $ 2,345,000 $ 213,181 $ 96,000
Middlesex, New Jersey 11 $ 3,013,000 $ 273,909 $ 116,000
New Haven, Connecticut 10 $ 2,421,000 $ 242,100 $ 83,000
Dutchess, New York 10 $ 2,741,000 $ 274,100 $ 106,000
Middlesex, Massachusetts 9 $ 2,485,000 $ 276,111 $ 104,000
Bronx, New York 9 $ 2,420,000 $ 268,888 $ 80,000
Bergen, New Jersey 8 $ 2,882,000 $ 360,250 $ 113,000
Essex, New Jersey 8 $ 3,302,000 $ 412,750 $ 147,000
Monmouth, New Jersey 8 $ 2,650,000 $ 331,250 $ 145,000
Passaic, New Jersey 7 $ 1,876,000 $ 268,000 $ 111,000
Rockland, New York 6 $ 2,428,000 $ 404,666 $ 159,000
Ulster, New York 6 $ 1,300,000 $ 216,666 $ 121,000
Clark, Nevada 5 $ 973,000 $ 194,600 $ 75,000
Cook, Illinois 4 $ 935,000 $ 233,750 $ 67,000
Worcester, Massachusetts 4 $ 961,000 $ 240,250 $ 76,000
Hunterdon, New Jersey 4 $ 1,402,000 $ 350,500 $ 95,000
Orange, New York 4 $ 1,010,000 $ 252,500 $ 83,000
Fairfax, Virginia 4 $ 1,301,000 $ 325,250 $ 107,000
Prince George's, Maryland 3 $ 584,000 $ 194,666 $ 56,000
Essex, Massachusetts 3 $ 536,000 $ 178,666 $ 21,000
Suffolk, Massachusetts 3 $ 549,000 $ 183,000 $ 60,000
Hudson, New Jersey 3 $ 1,516,000 $ 505,333 $ 220,000
Lane, Oregon 3 $ 1,030,000 $ 343,333 $ 139,000
Delaware, Pennsylvania 3 $ 408,000 $ 136,000 $ 258,000
Montgomery, Pennsylvania 3 $ 888,000 $ 296,000 $ 124,000
Pike, Pennsylvania 3 $ 598,000 $ 199,333 $ 96,000
Greenville, South Carolina 3 $ 993,000 $ 331,000 $ 108,000
Litchfield, Connecticut 2 $ 576,000 $ 288,000 $ 110,000
Windham, Connecticut 2 $ 324,000 $ 162,000 $ 88,000
Broward, Florida 2 $ 556,000 $ 278,000 $ 71,000
Escambia, Florida 2 $ 410,000 $ 205,000 $ 71,000
Miami-Dade, Florida 2 $ 517,000 $ 258,500 $ 139,000
Seminole, Florida 2 $ 410,000 $ 205,000 $ 151,000
Wakulla, Florida 2 $ 280,000 $ 140,000 $ 95,000
Fulton, Georgia 2 $ 534,000 $ 267,000 $ 116,000
Jefferson, Louisiana 2 $ 335,000 $ 167,500 $ 65,000
Orleans, Louisiana 2 $ 372,000 $ 186,000 $ 97,000
Montgomery, Maryland 2 $ 579,000 $ 289,500 $ 125,000
Berkshire, Massachusetts 2 $ 478,000 $ 239,000 $ 162,000
Hampshire, Massachusetts 2 $ 381,000 $ 190,500 $ 63,000
Plymouth, Massachusetts 2 $ 518,000 $ 259,000 $ 119,000
Wayne, Michigan 2 $ 451,000 $ 225,500 $ 140,000
Cheshire, New Hampshire 2 $ 417,000 $ 208,500 $ 98,000
Camden, New Jersey 2 $ 417,000 $ 208,500 $ 80,000
Somerset, New Jersey 2 $ 444,000 $ 222,000 $ 115,000
Putnam, New York 2 $ 641,000 $ 320,500 $ 133,000
Chesterfield, Virginia 2 $ 636,000 $ 318,000 $ 189,000
Henrico, Virginia 2 $ 576,000 $ 288,000 $ 95,000
New Kent, Virginia 2 $ 359,000 $ 179,500 $ 39,000
Norfolk, Virginia 2 $ 409,000 $ 204,500 $ 64,000
Virginia Beach, Virginia 2 $ 667,000 $ 333,500 $ 89,000
Lee, Alabama 1 $ 130,000 $ 130,000 $ 175,000
Pima, Arizona 1 $ 300,000 $ 300,000 $ 87,000
Crittenden, Arkansas 1 $ 236,000 $ 236,000 $ 0
Los Angeles, California 1 $ 640,000 $ 640,000 $ 853,000
Marin, California 1 $ 388,000 $ 388,000 $ 189,000
Santa Clara, California 1 $ 211,000 $ 211,000 $ 142,000
Arapahoe, Colorado 1 $ 748,000 $ 748,000 $ 276,000
Jefferson, Colorado 1 $ 221,000 $ 221,000 $ 47,000
Tolland, Connecticut 1 $ 276,000 $ 276,000 $ 66,000
New Castle, Delaware 1 $ 174,000 $ 174,000 $ 70,000
Sussex, Delaware 1 $ 391,000 $ 391,000 $ 97,000
Brevard, Florida 1 $ 218,000 $ 218,000 $ 254,000
Duval, Florida 1 $ 193,000 $ 193,000 $ 109,000
Hillsborough, Florida 1 $ 95,000 $ 95,000 $ 100,000
Indian River, Florida 1 $ 1,008,000 $ 1,008,000 $ 252,000
Marion, Florida 1 $ 209,000 $ 209,000 $ 53,000
Osceola, Florida 1 $ 96,000 $ 96,000 $ 42,000
Palm Beach, Florida 1 $ 171,000 $ 171,000 $ 80,000
Pinellas, Florida 1 $ 261,000 $ 261,000 $ 73,000
St. Johns, Florida 1 $ 187,000 $ 187,000 $ 51,000
Bibb, Georgia 1 $ 114,000 $ 114,000 $ 71,000
Cobb, Georgia 1 $ 316,000 $ 316,000 $ 144,000
Glynn, Georgia 1 $ 271,000 $ 271,000 $ 125,000
Gwinnett, Georgia 1 $ 156,000 $ 156,000 $ 81,000
Haralson, Georgia 1 $ 264,000 $ 264,000 $ 464,000
Paulding, Georgia 1 $ 193,000 $ 193,000 $ 97,000
Thomas, Georgia 1 $ 253,000 $ 253,000 $ 40,000
Ada, Idaho 1 $ 120,000 $ 120,000 $ 136,000
Boundary, Idaho 1 $ 156,000 $ 156,000 $ 30,000
Canyon, Idaho 1 $ 360,000 $ 360,000 $ 172,000
Buchanan, Iowa 1 $ 112,000 $ 112,000 $ 56,000
Johnson, Iowa 1 $ 174,000 $ 174,000 $ 207,000
Fayette, Kentucky 1 $ 190,000 $ 190,000 $ 127,000
Beauregard, Louisiana 1 $ 180,000 $ 180,000 $ 46,000
East Baton Rouge, Louisiana 1 $ 159,000 $ 159,000 $ 44,000
Natchitoches, Louisiana 1 $ 168,000 $ 168,000 $ 71,000
St. Charles, Louisiana 1 $ 181,000 $ 181,000 $ 88,000
St. Tammany, Louisiana 1 $ 169,000 $ 169,000 $ 54,000
Cumberland, Maine 1 $ 190,000 $ 190,000 $ 64,000
Franklin, Maine 1 $ 228,000 $ 228,000 $ 51,000
Lincoln, Maine 1 $ 312,000 $ 312,000 $ 144,000
Sagadahoc, Maine 1 $ 194,000 $ 194,000 $ 120,000
Waldo, Maine 1 $ 140,000 $ 140,000 $ 66,000
Anne Arundel, Maryland 1 $ 256,000 $ 256,000 $ 184,000
Baltimore, Maryland 1 $ 310,000 $ 310,000 $ 80,000
Calvert, Maryland 1 $ 173,000 $ 173,000 $ 42,000
Queen Anne's, Maryland 1 $ 195,000 $ 195,000 $ 133,000
Wicomico, Maryland 1 $ 167,000 $ 167,000 $ 58,000
Bristol, Massachusetts 1 $ 184,000 $ 184,000 $ 73,000
Bay, Michigan 1 $ 269,000 $ 269,000 $ 137,000
Monroe, Michigan 1 $ 183,000 $ 183,000 $ 90,000
Oakland, Michigan 1 $ 282,000 $ 282,000 $ 121,000
Otsego, Michigan 1 $ 208,000 $ 208,000 $ 84,000
Ottawa, Michigan 1 $ 175,000 $ 175,000 $ 171,000
Washtenaw, Michigan 1 $ 312,000 $ 312,000 $ 156,000
Hennepin, Minnesota 1 $ 344,000 $ 344,000 $ 180,000
Koochiching, Minnesota 1 $ 173,000 $ 173,000 $ 43,000
Clay, Missouri 1 $ 148,000 $ 148,000 $ 100,000
Morgan, Missouri 1 $ 203,000 $ 203,000 $ 99,000
Park, Montana 1 $ 195,000 $ 195,000 $ 53,000
Washoe, Nevada 1 $ 412,000 $ 412,000 $ 217,000
Hillsborough, New Hampshire 1 $ 174,000 $ 174,000 $ 54,000
Strafford, New Hampshire 1 $ 144,000 $ 144,000 $ 79,000
Atlantic, New Jersey 1 $ 209,000 $ 209,000 $ 105,000
Gloucester, New Jersey 1 $ 196,000 $ 196,000 $ 124,000
Morris, New Jersey 1 $ 263,000 $ 263,000 $ 64,000
Ocean, New Jersey 1 $ 240,000 $ 240,000 $ 81,000
Union, New Jersey 1 $ 175,000 $ 175,000 $ 72,000
Albany, New York 1 $ 198,000 $ 198,000 $ 223,000
Clinton, New York 1 $ 223,000 $ 223,000 $ 46,000
Delaware, New York 1 $ 175,000 $ 175,000 $ 48,000
Erie, New York 1 $ 269,000 $ 269,000 $ 185,000
Monroe, New York 1 $ 176,000 $ 176,000 $ 69,000
Ontario, New York 1 $ 176,000 $ 176,000 $ 74,000
Otsego, New York 1 $ 150,000 $ 150,000 $ 58,000
Saratoga, New York 1 $ 241,000 $ 241,000 $ 0
Sullivan, New York 1 $ 260,000 $ 260,000 $ 1,008,000
Washington, New York 1 $ 186,000 $ 186,000 $ 62,000
Guilford, North Carolina 1 $ 167,000 $ 167,000 $ 77,000
Wake, North Carolina 1 $ 70,000 $ 70,000 $ 67,000
Clermont, Ohio 1 $ 417,000 $ 417,000 $ 158,000
Cuyahoga, Ohio 1 $ 195,000 $ 195,000 $ 72,000
Fairfield, Ohio 1 $ 209,000 $ 209,000 $ 282,000
Lincoln, Oregon 1 $ 146,000 $ 146,000 $ 69,000
Marion, Oregon 1 $ 267,000 $ 267,000 $ 80,000
Blair, Pennsylvania 1 $ 150,000 $ 150,000 $ 53,000
Bucks, Pennsylvania 1 $ 219,000 $ 219,000 $ 73,000
Butler, Pennsylvania 1 $ 172,000 $ 172,000 $ 72,000
Cumberland, Pennsylvania 1 $ 271,000 $ 271,000 $ 94,000
Lebanon, Pennsylvania 1 $ 155,000 $ 155,000 $ 76,000
Lehigh, Pennsylvania 1 $ 250,000 $ 250,000 $ 75,000
Monroe, Pennsylvania 1 $ 134,000 $ 134,000 $ 78,000
Northampton, Pennsylvania 1 $ 250,000 $ 250,000 $ 97,000
Washington, Rhode Island 1 $ 390,000 $ 390,000 $ 195,000
Charleston, South Carolina 1 $ 220,000 $ 220,000 $ 280,000
Horry, South Carolina 1 $ 62,000 $ 62,000 $ 32,000
Lexington, South Carolina 1 $ 126,000 $ 126,000 $ 121,000
Brookings, South Dakota 1 $ 167,000 $ 167,000 $ 114,000
Davidson, Tennessee 1 $ 395,000 $ 395,000 $ 142,000
Hamilton, Tennessee 1 $ 173,000 $ 173,000 $ 64,000
Smith, Texas 1 $ 200,000 $ 200,000 $ 98,000
Salt Lake, Utah 1 $ 278,000 $ 278,000 $ 96,000
Addison, Vermont 1 $ 207,000 $ 207,000 $ 65,000
Chittenden, Vermont 1 $ 225,000 $ 225,000 $ 59,000
Orleans, Vermont 1 $ 164,000 $ 164,000 $ 39,000
Windham, Vermont 1 $ 195,000 $ 195,000 $ 787,000
Arlington, Virginia 1 $ 525,000 $ 525,000 $ 169,000
Botetourt, Virginia 1 $ 200,000 $ 200,000 $ 46,000
Essex, Virginia 1 $ 83,000 $ 83,000 $ 76,000
Loudoun, Virginia 1 $ 184,000 $ 184,000 $ 97,000
Portsmouth, Virginia 1 $ 154,000 $ 154,000 $ 38,000
Powhatan, Virginia 1 $ 248,000 $ 248,000 $ 147,000
Prince William, Virginia 1 $ 319,000 $ 319,000 $ 118,000
Rappahannock, Virginia 1 $ 405,000 $ 405,000 $ 68,000
Pierce, Washington 1 $ 283,000 $ 283,000 $ 124,000
Snohomish, Washington 1 $ 208,000 $ 208,000 $ 115,000
Cabell, West Virginia 1 $ 184,000 $ 184,000 $ 85,000
Upshur, West Virginia 1 $ 206,000 $ 206,000 $ 107,000
Dane, Wisconsin 1 $ 506,000 $ 506,000 $ 244,000
Rusk, Wisconsin 1 $ 141,000 $ 141,000 $ 72,000

Mortgage Loan Application Detail Totals for Sterling Natl Mtge Co., Inc in 2011

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
Refinancing 481 $152,189,000 $316,000 $2,600,000 $155,000 $3,547,000
Home Purchase 306 $108,162,000 $353,000 $2,097,000 $157,000 $5,668,000
Home Improvement 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
White 589 $199,073,000 $337,000 $2,600,000 $162,000 $3,547,000
Hispanic 70 $18,337,000 $261,000 $559,000 $89,000 $188,000
Black or African American 56 $16,804,000 $300,000 $1,400,000 $99,000 $880,000
Asian 42 $15,666,000 $373,000 $1,000,000 $272,000 $5,668,000
Not Provided 27 $9,252,000 $342,000 $620,000 $130,000 $388,000
Native Hawaiian or Other Pacific Islander 3 $1,219,000 $406,000 $520,000 $136,000 $144,000
Not applicable 0 $0 $0 $0 $0 $0
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) 496 $165,810,000 $334,000 $2,600,000 $188,000 $5,668,000
FHA-insured (Federal Housing Administration) 291 $94,541,000 $324,000 $944,000 $102,000 $566,000
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 565 $183,496,000 $324,000 $2,600,000 $156,000 $5,668,000
Application Withdrawn By Applicant 60 $23,780,000 $396,000 $1,730,000 $247,000 $3,547,000
File Closed For Incompleteness 59 $19,836,000 $336,000 $1,400,000 $135,000 $1,353,000
Application Denied By Financial Institution 53 $17,653,000 $333,000 $1,008,000 $106,000 $388,000
Application Approved But Not Accepted 50 $15,586,000 $311,000 $729,000 $123,000 $255,000
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 19 $6,479,000 $341,000 $729,000 $89,000 $381,000
Other 10 $3,629,000 $362,000 $692,000 $139,000 $388,000
Collateral 9 $3,522,000 $391,000 $1,008,000 $132,000 $375,000
Credit History 8 $2,000,000 $250,000 $382,000 $80,000 $95,000
Insufficient Cash (Downpayment, Closing Cost) 3 $882,000 $294,000 $356,000 $83,000 $118,000
Mortgage Insurance Denied 2 $657,000 $328,000 $351,000 $89,000 $96,000
Unverifiable Information 1 $228,000 $228,000 $228,000 $87,000 $87,000
Employment History 1 $256,000 $256,000 $256,000 $184,000 $184,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling Natl Mtge Co., Inc's 2011 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 Natl Mtge Co., Inc'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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