PlainLender

Sandy Spring Bank

Columbia, MD

Sandy Spring Bank processed 2,798 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,842 loans with a 14.7% denial rate. Home Purchase was the primary loan purpose. Based in Columbia, MD. The approval rate of 65.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Sandy Spring Bank processed 2,798 HMDA-reported mortgage applications in 2024, originating 1,842 loans and denying 411 for a denial rate of 14.7% (applicants themselves withdrew 396 files before a decision). The average loan amount was $345,086 at a 7.610% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300NQA30MEKPQP417 from Columbia, MD.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Sandy Spring Bank's 65.8% origination rate tells you how often an application turned into funded money; the 14.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,529 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,798
Applications
1,842
Originated
14.7%
Denial Rate
$345,086
Avg Loan Amount
Avg Interest Rate: 7.610% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,529 1,656 384 $335,214
FHA 182 117 24 $373,242
VA 83 66 2 $585,241
USDA 4 3 1 $322,500

Top loan types — Sandy Spring Bank

Top loan types — Sandy Spring Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — Sandy Spring Bank Top 4 1. Conventional 2,529 2. FHA 182 3. VA 83 4. USDA 4 Top 5 loan types by application volume at Sandy Spring Bank (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Sandy Spring Bank (LEI: 549300NQA30MEKPQP417) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
214
Credit history
130
Other
55
Collateral
53
Unverifiable information
11
Employment history
6
Insufficient cash
4
Credit application incomplete
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,180 849 $473,924
Home Improvement 579 356 $218,817
Other 450 274 $192,044
Cash-out Refinancing 398 233 $258,442
Refinancing 191 130 $473,010

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,474 71.5% 11.3%
Black or African American 394 58.1% 19.5%
Asian 286 58.7% 19.9%
Joint 59 67.8% 10.2%
2 or more minority races 14 50.0% 28.6%
American Indian or Alaska Native 7 42.9% 28.6%
Native Hawaiian or Other Pacific Islander 3 33.3% 66.7%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,980 68.2% 13.5%
Hispanic or Latino 246 55.7% 23.2%
Joint 54 74.1% 5.6%

Nearby Lenders in MD

Other HMDA-reporting lenders in MD with similar activity. Compare any two side-by-side.

LOWER, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

NFM, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

TOWER FEDERAL CREDIT UNION

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Sandy Spring Bank vs LOWER, LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Sandy Spring Bank process?
Sandy Spring Bank processed 2,798 mortgage applications in the 2023 HMDA reporting year. Of these, 1,842 were originated (approved and funded), 396 were withdrawn by the applicant, and 411 were denied.
What is Sandy Spring Bank's mortgage approval rate?
Sandy Spring Bank has an approval (origination) rate of 65.8%, meaning 65.8% of all applications resulted in a funded mortgage. The denial rate is 14.7%.
What is the average loan amount at Sandy Spring Bank?
The average mortgage loan amount at Sandy Spring Bank is $345,086. The average interest rate is 7.610%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Sandy Spring Bank?
The most common reasons for mortgage denial at Sandy Spring Bank are: Debt-to-income ratio, Credit history, Other. In total, 411 applications were denied out of 2,798 total applications.
What types of mortgage loans does Sandy Spring Bank offer?
Sandy Spring Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 2,529 applications and an average loan amount of $335,214.
What loan purposes does Sandy Spring Bank serve?
Sandy Spring Bank serves the following loan purposes: Home Purchase (1,180 applications), Home Improvement (579 applications), Other (450 applications), Cash-out Refinancing (398 applications), Refinancing (191 applications). Home Purchase is the most common purpose.
Where is Sandy Spring Bank located?
Sandy Spring Bank is headquartered in Columbia, MD. The lender is identified by LEI 549300NQA30MEKPQP417 in HMDA data.
How does Sandy Spring Bank compare in lending across racial demographics?
Sandy Spring Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.5% and denial rate of 11.3%; Black or African American applicants have an approval rate of 58.1% and denial rate of 19.5%; Asian applicants have an approval rate of 58.7% and denial rate of 19.9%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.