The Washington Savings Bank Mortgage Lending & HMDA Data, 2011
In 2011, The Washington Savings Bank of Bowie, MD reported 966 mortgage applications totaling $276.0 million. The average application was for $285,720, and applicants reported an average income of $108,847. 43% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Baltimore-Towson, MD (363), Washington-Arlington-Alexandria, DC-VA-MD-WV (277) and Bethesda-Rockville-Frederick, MD (45) (applications in parentheses).
| Mortgage Company & Address | The Washington Savings Bank 4201 Mitchellville Rd Suite 300 Bowie, MD 20716 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 966 |
| Total Mortgage Loan Application Amount | $276,006,000 |
| Average Mortgage Loan Application Amount | $285,720 |
| Highest Mortgage Loan Application Amount | $5,530,000 |
| Average Applicant Income | $108,847 |
| Highest Applicant Income | $2,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Washington Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Anne Arundel, Maryland | 186 | $ 68,559,000 | $ 368,596 | $ 152,000 |
| Prince George's, Maryland | 106 | $ 27,219,000 | $ 256,783 | $ 84,000 |
| Baltimore, Maryland | 49 | $ 10,786,000 | $ 220,122 | $ 94,000 |
| Fairfax, Virginia | 48 | $ 18,935,000 | $ 394,479 | $ 164,000 |
| Sussex, Delaware | 47 | $ 10,959,000 | $ 233,170 | $ 88,000 |
| Baltimore City, Maryland | 47 | $ 5,049,000 | $ 107,425 | $ 53,000 |
| Howard, Maryland | 46 | $ 12,679,000 | $ 275,630 | $ 112,000 |
| District of Columbia, District Of Columbia | 42 | $ 15,319,000 | $ 364,738 | $ 128,000 |
| Montgomery, Maryland | 37 | $ 14,508,000 | $ 392,108 | $ 126,000 |
| Charles, Maryland | 22 | $ 4,688,000 | $ 213,090 | $ 72,000 |
| York, Pennsylvania | 20 | $ 3,077,000 | $ 153,850 | $ 70,000 |
| Queen Anne's, Maryland | 19 | $ 6,714,000 | $ 353,368 | $ 154,000 |
| Calvert, Maryland | 15 | $ 5,042,000 | $ 336,133 | $ 138,000 |
| Prince William, Virginia | 14 | $ 4,161,000 | $ 297,214 | $ 72,000 |
| St. Mary's, Maryland | 12 | $ 3,671,000 | $ 305,916 | $ 106,000 |
| Harford, Maryland | 10 | $ 2,004,000 | $ 200,400 | $ 104,000 |
| Loudoun, Virginia | 10 | $ 4,328,000 | $ 432,800 | $ 126,000 |
| Worcester, Maryland | 9 | $ 2,056,000 | $ 228,444 | $ 169,000 |
| Frederick, Maryland | 8 | $ 2,411,000 | $ 301,375 | $ 80,000 |
| Arlington, Virginia | 8 | $ 4,639,000 | $ 579,875 | $ 189,000 |
| Carroll, Maryland | 6 | $ 1,251,000 | $ 208,500 | $ 83,000 |
| New Castle, Delaware | 5 | $ 958,000 | $ 191,600 | $ 39,000 |
| Kent, Delaware | 4 | $ 627,000 | $ 156,750 | $ 88,000 |
| Kent, Maryland | 4 | $ 673,000 | $ 168,250 | $ 74,000 |
| Stafford, Virginia | 4 | $ 1,509,000 | $ 377,250 | $ 100,000 |
| Talbot, Maryland | 3 | $ 1,348,000 | $ 449,333 | $ 299,000 |
| Wake, North Carolina | 3 | $ 952,000 | $ 317,333 | $ 99,000 |
| Falls Church, Virginia | 3 | $ 1,800,000 | $ 600,000 | $ 203,000 |
| Napa, California | 2 | $ 822,000 | $ 411,000 | $ 238,000 |
| Allen, Indiana | 2 | $ 416,000 | $ 208,000 | $ 18,000 |
| Caroline, Maryland | 2 | $ 333,000 | $ 166,500 | $ 69,000 |
| Cecil, Maryland | 2 | $ 266,000 | $ 133,000 | $ 32,000 |
| Garrett, Maryland | 2 | $ 850,000 | $ 425,000 | $ 247,000 |
| Wicomico, Maryland | 2 | $ 401,000 | $ 200,500 | $ 64,000 |
| Somerset, New Jersey | 2 | $ 629,000 | $ 314,500 | $ 165,000 |
| Harris, Texas | 2 | $ 555,000 | $ 277,500 | $ 135,000 |
| King George, Virginia | 2 | $ 509,000 | $ 254,500 | $ 77,000 |
| Manassas, Virginia | 2 | $ 510,000 | $ 255,000 | $ 75,000 |
| Spotsylvania, Virginia | 2 | $ 810,000 | $ 405,000 | $ 90,000 |
| Maricopa, Arizona | 1 | $ 150,000 | $ 150,000 | $ 265,000 |
| Los Angeles, California | 1 | $ 417,000 | $ 417,000 | $ 312,000 |
| Riverside, California | 1 | $ 219,000 | $ 219,000 | $ 54,000 |
| Gunnison, Colorado | 1 | $ 667,000 | $ 667,000 | $ 398,000 |
| Lee, Florida | 1 | $ 312,000 | $ 312,000 | $ 223,000 |
| Orange, Florida | 1 | $ 254,000 | $ 254,000 | $ 160,000 |
| Polk, Florida | 1 | $ 61,000 | $ 61,000 | $ 26,000 |
| St. Johns, Florida | 1 | $ 182,000 | $ 182,000 | $ 175,000 |
| St. Lucie, Florida | 1 | $ 29,000 | $ 29,000 | $ 15,000 |
| Gwinnett, Georgia | 1 | $ 224,000 | $ 224,000 | $ 106,000 |
| Dorchester, Maryland | 1 | $ 236,000 | $ 236,000 | $ 108,000 |
| Washington, Maryland | 1 | $ 202,000 | $ 202,000 | $ 53,000 |
| St. Louis City, Missouri | 1 | $ 195,000 | $ 195,000 | $ 45,000 |
| Burlington, New Jersey | 1 | $ 308,000 | $ 308,000 | $ 135,000 |
| Brunswick, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 73,000 |
| Adams, Pennsylvania | 1 | $ 270,000 | $ 270,000 | $ 75,000 |
| Bucks, Pennsylvania | 1 | $ 352,000 | $ 352,000 | $ 109,000 |
| Cumberland, Pennsylvania | 1 | $ 230,000 | $ 230,000 | $ 111,000 |
| Delaware, Pennsylvania | 1 | $ 330,000 | $ 330,000 | $ 326,000 |
| Lehigh, Pennsylvania | 1 | $ 202,000 | $ 202,000 | $ 214,000 |
| Philadelphia, Pennsylvania | 1 | $ 71,000 | $ 71,000 | $ 30,000 |
| Beaufort, South Carolina | 1 | $ 406,000 | $ 406,000 | $ 170,000 |
| Horry, South Carolina | 1 | $ 191,000 | $ 191,000 | $ 158,000 |
| Jefferson, Texas | 1 | $ 51,000 | $ 51,000 | $ 30,000 |
| Travis, Texas | 1 | $ 328,000 | $ 328,000 | $ 108,000 |
| Bennington, Vermont | 1 | $ 239,000 | $ 239,000 | $ 110,000 |
| Gloucester, Virginia | 1 | $ 268,000 | $ 268,000 | $ 111,000 |
| Orange, Virginia | 1 | $ 364,000 | $ 364,000 | $ 121,000 |
| Richmond City, Virginia | 1 | $ 360,000 | $ 360,000 | $ 378,000 |
| Westmoreland, Virginia | 1 | $ 315,000 | $ 315,000 | $ 106,000 |
| Mason, Washington | 1 | $ 185,000 | $ 185,000 | $ 38,000 |
| Jefferson, West Virginia | 1 | $ 221,000 | $ 221,000 | $ 155,000 |
Mortgage Loan Application Detail Totals for The Washington Savings Bank 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 469 | $117,618,000 | $250,000 | $1,000,000 | $93,000 | $672,000 |
| Refinancing | 455 | $143,441,000 | $315,000 | $5,530,000 | $120,000 | $2,200,000 |
| Home Improvement | 42 | $14,947,000 | $355,000 | $1,125,000 | $165,000 | $1,309,000 |
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 | 548 | $166,747,000 | $304,000 | $5,530,000 | $128,000 | $2,200,000 |
| Black or African American | 229 | $59,700,000 | $260,000 | $685,000 | $80,000 | $1,440,000 |
| Not Provided | 106 | $29,578,000 | $279,000 | $1,020,000 | $97,000 | $411,000 |
| Asian | 34 | $11,551,000 | $339,000 | $1,125,000 | $132,000 | $286,000 |
| Not applicable | 24 | $1,172,000 | $48,000 | $312,000 | $2,000 | $60,000 |
| Hispanic | 22 | $6,481,000 | $294,000 | $625,000 | $84,000 | $247,000 |
| American Indian or Alaskan Native | 2 | $450,000 | $225,000 | $229,000 | $151,000 | $155,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $327,000 | $327,000 | $327,000 | $85,000 | $85,000 |
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) | 515 | $154,655,000 | $300,000 | $5,530,000 | $138,000 | $2,200,000 |
| FHA-insured (Federal Housing Administration) | 338 | $85,632,000 | $253,000 | $737,000 | $75,000 | $436,000 |
| VA-guaranteed (Veterans Administration) | 91 | $31,845,000 | $349,000 | $701,000 | $88,000 | $292,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $3,874,000 | $176,000 | $310,000 | $57,000 | $131,000 |
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 | 419 | $117,192,000 | $279,000 | $1,020,000 | $111,000 | $668,000 |
| Application Denied By Financial Institution | 161 | $45,606,000 | $283,000 | $1,125,000 | $98,000 | $420,000 |
| File Closed For Incompleteness | 133 | $50,802,000 | $381,000 | $5,530,000 | $144,000 | $2,200,000 |
| Preapproval Denied by Financial Institution | 125 | $26,069,000 | $208,000 | $729,000 | $58,000 | $341,000 |
| Application Withdrawn By Applicant | 108 | $30,855,000 | $285,000 | $900,000 | $127,000 | $1,440,000 |
| Application Approved But Not Accepted | 20 | $5,482,000 | $274,000 | $788,000 | $143,000 | $672,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 168 | $38,029,000 | $226,000 | $1,050,000 | $66,000 | $420,000 |
| Debt-To-Income Ratio | 51 | $13,405,000 | $262,000 | $729,000 | $76,000 | $284,000 |
| Collateral | 42 | $12,292,000 | $292,000 | $1,125,000 | $130,000 | $312,000 |
| Other | 11 | $3,406,000 | $309,000 | $632,000 | $105,000 | $293,000 |
| Employment History | 6 | $1,614,000 | $269,000 | $667,000 | $118,000 | $398,000 |
| Credit Application Incomplete | 5 | $2,047,000 | $409,000 | $621,000 | $107,000 | $153,000 |
| Unverifiable Information | 3 | $882,000 | $294,000 | $401,000 | $68,000 | $190,000 |
| 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 The Washington Savings Bank'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 The Washington Savings 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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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