Silver Spring-Frederick-Rockville, MD Metro Area Mortgage Lenders & HMDA Data, 2015
In 2015, lenders reported 69,324 mortgage applications in Silver Spring-Frederick-Rockville, MD metro area totaling $25.9 billion, up 34% from 2014. The average application was for $373,554, and applicants reported an average income of $121,000. 52% of applications resulted in an originated loan and 13% were denied. The most active lender was Wells Fargo Bank NA, with 5,723 applications, followed by Suntrust Mortgage, Inc. and JPMorgan Chase Bank, NA.
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| Years | 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 69,324 |
| Total Mortgage Loan Application Amount | $25,896,313,000 |
| Average Mortgage Loan Application Amount | $373,554 |
| Highest Mortgage Loan Application Amount | $95,095,000 |
| Average Applicant Income | $121,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Silver Spring-Frederick-Rockville, MD Metro Area (2015)
Ranked by the number of mortgage applications each lender reported in Silver Spring-Frederick-Rockville, MD metro area in 2015.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
5,723 | $2,260,200,000 | $394,000 | $134,000 |
| 2 | Suntrust Mortgage, Inc. Richmond, VA |
2,991 | $1,315,164,000 | $439,000 | $180,000 |
| 3 | JPMorgan Chase Bank, NA Columbus, OH |
2,755 | $1,262,194,000 | $458,000 | $95,000 |
| 4 | Truist Bank Raleigh, NC |
1,891 | $754,192,000 | $398,000 | $88,000 |
| 5 | loanDepot.com LLC Irvine, CA |
1,824 | $582,734,000 | $319,000 | $113,000 |
| 6 | US Bank, N.A. Cincinnati, OH |
1,602 | $559,658,000 | $349,000 | $35,000 |
| 7 | Bank of America NA Westlake Village, CA |
1,567 | $771,900,000 | $492,000 | $165,000 |
| 8 | Nationstar Mortgage Coppell, TX |
1,416 | $395,498,000 | $279,000 | $71,000 |
| 9 | Navy Federal Credit Union Vienna, VA |
1,251 | $384,202,000 | $307,000 | $121,000 |
| 10 | PNC Bank N.A. Pittsburgh, PA |
1,224 | $311,591,000 | $254,000 | $131,000 |
See every lender active in Silver Spring-Frederick-Rockville, MD metro area in 2015 »
The tables below break down 2015 mortgage applications in Silver Spring-Frederick-Rockville, MD metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Silver Spring-Frederick-Rockville, MD 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 |
|---|---|---|---|---|---|---|
| Refinancing | 38,298 | $14,145,527,000 | $369,000 | $80,000,000 | $122,000 | $9,000,000 |
| Home Purchase | 27,493 | $11,188,380,000 | $406,000 | $95,095,000 | $119,000 | $9,999,000 |
| Home Improvement | 3,533 | $562,406,000 | $159,000 | $33,000,000 | $120,000 | $9,999,000 |
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 | 30,281 | $11,113,615,000 | $367,000 | $8,050,000 | $149,000 | $9,000,000 |
| Not applicable | 10,656 | $5,275,991,000 | $495,000 | $95,095,000 | $38,000 | $9,999,000 |
| Not Provided | 8,658 | $3,220,634,000 | $371,000 | $12,300,000 | $151,000 | $6,296,000 |
| Asian | 7,664 | $2,814,069,000 | $367,000 | $3,845,000 | $135,000 | $9,999,000 |
| Black or African American | 6,042 | $1,778,580,000 | $294,000 | $4,000,000 | $99,000 | $3,580,000 |
| Hispanic | 5,670 | $1,587,080,000 | $279,000 | $1,975,000 | $85,000 | $4,131,000 |
| American Indian or Alaskan Native | 201 | $59,069,000 | $293,000 | $1,208,000 | $117,000 | $1,380,000 |
| Native Hawaiian or Other Pacific Islander | 152 | $47,275,000 | $311,000 | $1,425,000 | $101,000 | $484,000 |
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) | 51,526 | $19,804,996,000 | $384,000 | $95,095,000 | $141,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 12,718 | $4,104,263,000 | $322,000 | $31,771,000 | $56,000 | $720,000 |
| VA-guaranteed (Veterans Administration) | 4,582 | $1,869,421,000 | $407,000 | $1,839,000 | $83,000 | $3,317,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 498 | $117,633,000 | $236,000 | $510,000 | $48,000 | $283,000 |
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 | 35,897 | $14,146,725,000 | $394,000 | $95,095,000 | $143,000 | $6,789,000 |
| Loan Purchased By The Institution | 13,131 | $4,749,222,000 | $361,000 | $31,771,000 | $54,000 | $9,999,000 |
| Application Denied By Financial Institution | 8,709 | $2,761,898,000 | $317,000 | $85,000,000 | $108,000 | $9,999,000 |
| Application Withdrawn By Applicant | 7,332 | $2,715,602,000 | $370,000 | $81,000,000 | $137,000 | $9,000,000 |
| File Closed For Incompleteness | 2,499 | $890,444,000 | $356,000 | $4,250,000 | $149,000 | $6,296,000 |
| Application Approved But Not Accepted | 1,752 | $630,789,000 | $360,000 | $23,100,000 | $124,000 | $1,975,000 |
| Preapproval Denied by Financial Institution | 4 | $1,633,000 | $408,000 | $880,000 | $106,000 | $233,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1,672 | $644,262,000 | $385,000 | $85,000,000 | $84,000 | $1,072,000 |
| Credit History | 1,564 | $322,559,000 | $206,000 | $3,000,000 | $101,000 | $1,150,000 |
| Collateral | 1,033 | $346,569,000 | $335,000 | $3,845,000 | $141,000 | $2,653,000 |
| Credit Application Incomplete | 877 | $295,722,000 | $337,000 | $2,680,000 | $119,000 | $1,296,000 |
| Other | 552 | $210,446,000 | $381,000 | $42,000,000 | $117,000 | $864,000 |
| Unverifiable Information | 298 | $86,142,000 | $289,000 | $1,650,000 | $147,000 | $9,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 138 | $57,261,000 | $414,000 | $3,000,000 | $154,000 | $1,716,000 |
| Employment History | 69 | $23,400,000 | $339,000 | $1,500,000 | $99,000 | $316,000 |
| Mortgage Insurance Denied | 8 | $2,119,000 | $264,000 | $696,000 | $146,000 | $325,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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