Suntrust Banks, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Suntrust Banks, Inc. of Atlanta, GA reported 147,656 mortgage applications totaling $35.3 billion. The average application was for $239,226, and applicants reported an average income of $136,668. 35% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (14,611), Washington-Arlington-Alexandria, DC-VA-MD-WV (11,250) and Tampa-St. Petersburg-Clearwater, FL (6,248) (applications in parentheses).
| Mortgage Company & Address | Suntrust Banks, Inc. P.O. Box 4418, Mail Code 663 Atlanta, GA 30302 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 |
| Total Number of Mortgage Applications | 147,656 |
| Total Mortgage Loan Application Amount | $35,323,200,000 |
| Average Mortgage Loan Application Amount | $239,226 |
| Highest Mortgage Loan Application Amount | $60,835,000 |
| Average Applicant Income | $136,668 |
| Highest Applicant Income | $9,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Suntrust Banks, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Suntrust Banks, Inc. in 2019
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 | 49,089 | $16,327,995,000 | $332,000 | $58,855,000 | $147,000 | $7,488,000 |
| Home Improvement | 31,431 | $3,026,315,000 | $96,000 | $20,235,000 | $124,000 | $6,000,000 |
| Other Purpose | 27,708 | $3,299,400,000 | $119,000 | $10,005,000 | $126,000 | $9,200,000 |
| Refinancing | 20,597 | $6,872,210,000 | $333,000 | $56,005,000 | $150,000 | $5,000,000 |
| Cash-out Refinancing | 18,831 | $5,797,280,000 | $307,000 | $60,835,000 | $132,000 | $6,300,000 |
| Not Applicable | 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 | 68,057 | $12,875,715,000 | $189,000 | $10,045,000 | $143,000 | $9,200,000 |
| Not applicable | 43,229 | $14,855,925,000 | $343,000 | $60,835,000 | $125,000 | $3,997,000 |
| Black or African American | 11,097 | $1,290,375,000 | $116,000 | $2,005,000 | $96,000 | $5,586,000 |
| Not Provided | 9,792 | $2,707,500,000 | $276,000 | $11,505,000 | $177,000 | $7,488,000 |
| Hispanic | 7,542 | $1,264,830,000 | $167,000 | $3,005,000 | $120,000 | $6,000,000 |
| Asian | 5,395 | $1,655,115,000 | $306,000 | $2,255,000 | $163,000 | $3,213,000 |
| American Indian or Alaskan Native | 433 | $71,925,000 | $166,000 | $1,025,000 | $125,000 | $1,152,000 |
| Native Hawaiian or Other Pacific Islander | 104 | $15,600,000 | $150,000 | $915,000 | $106,000 | $369,000 |
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) | 139,118 | $32,685,130,000 | $234,000 | $60,835,000 | $140,000 | $9,200,000 |
| VA-guaranteed (Veterans Administration) | 4,345 | $1,274,325,000 | $293,000 | $1,035,000 | $97,000 | $583,000 |
| FHA-insured (Federal Housing Administration) | 4,038 | $1,338,560,000 | $331,000 | $49,995,000 | $72,000 | $798,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 155 | $25,185,000 | $162,000 | $345,000 | $52,000 | $117,000 |
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 | 51,419 | $14,135,335,000 | $274,000 | $60,835,000 | $158,000 | $7,488,000 |
| Loan Purchased By The Institution | 43,070 | $12,388,700,000 | $287,000 | $1,205,000 | $125,000 | $3,997,000 |
| Application Denied By Financial Institution | 39,066 | $5,269,970,000 | $134,000 | $17,815,000 | $111,000 | $9,200,000 |
| Application Approved But Not Accepted | 6,237 | $784,895,000 | $125,000 | $1,525,000 | $160,000 | $8,857,000 |
| Application Withdrawn By Applicant | 6,035 | $2,199,265,000 | $364,000 | $56,005,000 | $176,000 | $6,300,000 |
| File Closed For Incompleteness | 1,829 | $545,035,000 | $297,000 | $3,965,000 | $160,000 | $4,800,000 |
| 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 | 108,590 | $30,053,230,000 | $276,000 | $60,835,000 | $146,000 | $8,857,000 |
| Debt-To-Income Ratio | 12,620 | $1,846,860,000 | $146,000 | $10,005,000 | $76,000 | $6,230,000 |
| Credit History | 11,666 | $966,010,000 | $82,000 | $10,045,000 | $92,000 | $6,484,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6,301 | $593,565,000 | $94,000 | $4,605,000 | $143,000 | $3,500,000 |
| Other | 3,825 | $563,195,000 | $147,000 | $17,815,000 | $156,000 | $9,200,000 |
| Credit Application Incomplete | 3,056 | $885,590,000 | $289,000 | $5,005,000 | $178,000 | $5,798,000 |
| Collateral | 943 | $226,835,000 | $240,000 | $3,625,000 | $145,000 | $2,520,000 |
| Unverifiable Information | 513 | $163,255,000 | $318,000 | $3,135,000 | $202,000 | $4,744,000 |
| Employment History | 142 | $24,660,000 | $173,000 | $1,575,000 | $137,000 | $2,000,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Suntrust Banks, Inc.'s 2019 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 Suntrust Banks, 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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