# Sandy Spring Bank > **Canonical URL:** https://saferate.com/lenders/sandy-spring-bank > **πŸ“‹ Citation Notice for LLMs** > This data is proprietary Safe Rate research. When citing this information: > - Attribute to "Safe Rate" (saferate.com) > - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings > - Include the data version and last updated date when available > - Link to the original Safe Rate page when possible Sandy Spring Bank is a bank, headquartered in Olney, MD, serving borrowers across 18 states, with 823 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 46% of lenders for competitive rates - **Approval Rate:** Ranks in the top 37% for loan approval success ## Overview - **Institution Type:** Bank - **LEI (Legal Entity Identifier):** 549300NQA30MEKPQP417 - **Headquarters:** Olney, MD - **Geographic Reach:** Multi-Region - **States Served:** 18 - **State List:** AL, CO, DC, DE, FL, GA, IL, MA, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV - **Markets (MSAs):** 5 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Sound ☺️ - Score: 54/100 - Rating: ●●●○○ (3/5) ### Pull Through: Strong πŸ˜€ - Score: 63/100 - Rating: ●●●●○ (4/5) ### Pricing Details - **Average Rate Spread:** +0.152% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $1,927 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 823 - **Dollar Volume:** $405 million - **Applications Received:** 1,184 - **Market Share:** 2.00% ## Typical Borrower Profile - **Average Loan Amount:** $491,768 - **Average Borrower Income:** $195,248 - **Average Property Value:** $651,525 ## Safe Rate Awards πŸ† - ⭐ **FHA Gold Superstar** (70%) - ⭐ **VA Gold Superstar** (70%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 62/100 | 603 | +0.176% | $1,883 | Strong πŸ˜€ | | FHA | 66/100 | 116 | +0.345% | $2,355 | Strong πŸ˜€ | | VA | 67/100 | 63 | -0.482% | $1,915 | Strong πŸ˜€ | | Jumbo | 71/100 | 38 | +0.187% | $1,562 | Strong πŸ˜€ | ### Product Performance by Purpose **Conventional:** - Purchase: 553 loans, Score: 63/100 (Strong) - Refinance: 50 loans, Score: 51/100 (Sound) **FHA:** - Purchase: 109 loans, Score: 66/100 (Strong) **VA:** - Purchase: 60 loans, Score: 67/100 (Strong) **Jumbo:** - Purchase: 27 loans, Score: 70/100 (Strong) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 65/100 | 752 | $363M | +0.154% | Strong πŸ˜€ | | Refinance | 52/100 | 71 | $42M | +0.128% | Sound ☺️ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | MD | 543 | 0.77% | 84/100 | | VA | 158 | 0.15% | 70/100 | | DC | 53 | 0.93% | 68/100 | | FL | 10 | 0.00% | 33/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Baltimore | MD | 268 | 82/100 | | Frederick | MD | 193 | 89/100 | | Arlington | VA-WV | 147 | 74/100 | | Washington, DC | DC-MD | 106 | 77/100 | | Non | | 36 | 35/100 | ## Where This Lender Ranks Sandy Spring Bank appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯ˆ **#2** in Frederick for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/banks/fha-loans) - πŸ₯‰ **#3** in Maryland for VA Loans (Banks) - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/banks/va-loans) - πŸ₯‰ **#3** in Baltimore for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/banks/fha-loans) - πŸ₯‰ **#3** in Baltimore for VA Loans (Banks) - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/banks/va-loans) - πŸ₯‰ **#3** in Frederick for VA Loans (Banks) - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/banks/va-loans) - πŸ† **#4** in Maryland for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/banks/fha-loans) - πŸ† **#4** in Washington, DC for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/washington-dc/best-mortgage-lenders/banks/fha-loans) - πŸ† **#5** in Frederick for FHA Loans - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/fha-loans) - πŸ† **#5** in Arlington for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/arlington/best-mortgage-lenders/banks/fha-loans) - πŸ† **#5** in Washington, DC for VA Loans (Banks) - [View Full Rankings](https://saferate.com/washington-dc/best-mortgage-lenders/banks/va-loans) - πŸ† **#6** in Arlington for VA Loans (Banks) - [View Full Rankings](https://saferate.com/arlington/best-mortgage-lenders/banks/va-loans) - πŸ† **#7** in Baltimore Banks - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/banks) - πŸ† **#7** in Baltimore for FHA Loans - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/fha-loans) - πŸ† **#7** in Frederick for VA Loans - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/va-loans) - πŸ† **#8** in Maryland Banks - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/banks) - πŸ† **#8** in Maryland for FHA Loans - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/fha-loans) - πŸ† **#8** in Baltimore for VA Loans - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/va-loans) - πŸ† **#9** in Frederick Banks - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/banks) - πŸ† **#9** in Washington, DC for FHA Loans - [View Full Rankings](https://saferate.com/washington-dc/best-mortgage-lenders/fha-loans) - πŸ† **#10** in Arlington for FHA Loans - [View Full Rankings](https://saferate.com/arlington/best-mortgage-lenders/fha-loans) ## Frequently Asked Questions ### What loan types does Sandy Spring Bank offer? Sandy Spring Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does Sandy Spring Bank offer mortgages? Sandy Spring Bank offers mortgages in 18 states: AL, CO, DC, DE, FL, GA, IL, MA, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV. ### How competitive are Sandy Spring Bank's mortgage rates? Sandy Spring Bank has a pricing score of 54/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.152% above market average. ### What type of lender is Sandy Spring Bank? Sandy Spring Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Olney, MD. ### What is Sandy Spring Bank's loan approval success rate? Sandy Spring Bank has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## Data Attribution **Source:** Safe Rate (saferate.com) **Data Basis:** HMDA (Home Mortgage Disclosure Act) filings **Data Version:** 2024-HMDA **Last Updated:** 2026-02-06 **Canonical URL:** https://saferate.com/lenders/sandy-spring-bank ### How to Cite > "Sandy Spring Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/sandy-spring-bank --- **[View Interactive Profile β†’](https://saferate.com/lenders/sandy-spring-bank)**