# Sandy Spring Bank

> **Canonical URL:** https://saferate.com/lenders/sandy-spring-bank

> **📋 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 😀
- 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

## Safe Rate Awards 🏆

- ⭐ **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 😀 |
| FHA | 66/100 | 116 | +0.345% | $2,355 | Strong 😀 |
| VA | 67/100 | 63 | -0.482% | $1,915 | Strong 😀 |
| Jumbo | 71/100 | 38 | +0.187% | $1,562 | Strong 😀 |

### 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 😀 |
| 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 |

## 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.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**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

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