Dutchess County-Putnam County, NY Metro Area Mortgage Lenders & HMDA Data, 2018
In 2018, lenders reported 14,596 mortgage applications in Dutchess County-Putnam County, NY metro area totaling $3.3 billion, up 20% from 2017. The average application was for $228,941, and applicants reported an average income of $128,000. 52% of applications resulted in an originated loan and 23% were denied. The most active lender was Hudson Valley Credit Union, with 2,470 applications, followed by Wells Fargo Bank NA and JPMorgan Chase Bank, NA.
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| Years | 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 14,596 |
| Total Mortgage Loan Application Amount | $3,341,630,000 |
| Average Mortgage Loan Application Amount | $228,941 |
| Highest Mortgage Loan Application Amount | $61,455,000 |
| Average Applicant Income | $128,000 |
| Highest Applicant Income | $5,913,000 |
Top Mortgage Lenders in Dutchess County-Putnam County, NY Metro Area (2018)
Ranked by the number of mortgage applications each lender reported in Dutchess County-Putnam County, NY metro area in 2018.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Hudson Valley Credit Union Poughkeepsie, NY |
2,470 | $282,390,000 | $114,000 | $111,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
1,040 | $243,950,000 | $234,000 | $152,000 |
| 3 | JPMorgan Chase Bank, NA Columbus, OH |
923 | $191,645,000 | $207,000 | $141,000 |
| 4 | Keybank National Association Cleveland, OH |
637 | $95,635,000 | $150,000 | $113,000 |
| 5 | M&T Bank Buffalo, NY |
471 | $101,445,000 | $215,000 | $123,000 |
| 6 | Citizens Bank, NA Providence, RI |
461 | $78,925,000 | $171,000 | $121,000 |
| 7 | Primelending Dallas, TX |
365 | $88,965,000 | $243,000 | $132,000 |
| 8 | Bank of America NA Westlake Village, CA |
355 | $93,785,000 | $264,000 | $197,000 |
| 9 | Homestead Funding Corp. Albany, NY |
344 | $89,690,000 | $260,000 | $122,000 |
| 10 | loanDepot.com LLC Irvine, CA |
315 | $81,415,000 | $258,000 | $110,000 |
See every lender active in Dutchess County-Putnam County, NY metro area in 2018 »
The tables below break down 2018 mortgage applications in Dutchess County-Putnam County, NY 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 Dutchess County-Putnam County, NY in 2018
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 | 6,435 | $1,804,915,000 | $280,000 | $51,995,000 | $128,000 | $5,323,000 |
| Refinancing | 2,181 | $597,905,000 | $274,000 | $61,455,000 | $140,000 | $5,500,000 |
| Cash-out Refinancing | 2,171 | $513,755,000 | $236,000 | $7,085,000 | $122,000 | $5,913,000 |
| Home Improvement | 2,009 | $205,225,000 | $102,000 | $25,105,000 | $126,000 | $2,000,000 |
| Other Purpose | 1,555 | $176,615,000 | $113,000 | $1,005,000 | $123,000 | $3,865,000 |
| Not Applicable | 245 | $43,215,000 | $176,000 | $525,000 | $85,000 | $155,000 |
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 | 9,748 | $1,942,820,000 | $199,000 | $3,005,000 | $128,000 | $5,500,000 |
| Not Provided | 1,674 | $422,380,000 | $252,000 | $7,085,000 | $148,000 | $5,913,000 |
| Hispanic | 1,175 | $248,695,000 | $211,000 | $755,000 | $105,000 | $1,050,000 |
| Not applicable | 819 | $469,845,000 | $573,000 | $61,455,000 | $108,000 | $480,000 |
| Black or African American | 666 | $140,160,000 | $210,000 | $1,015,000 | $113,000 | $3,270,000 |
| Asian | 361 | $88,595,000 | $245,000 | $905,000 | $151,000 | $1,751,000 |
| American Indian or Alaskan Native | 57 | $9,025,000 | $158,000 | $495,000 | $95,000 | $380,000 |
| Native Hawaiian or Other Pacific Islander | 23 | $5,115,000 | $222,000 | $665,000 | $127,000 | $407,000 |
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) | 12,322 | $2,588,100,000 | $210,000 | $25,105,000 | $134,000 | $5,913,000 |
| FHA-insured (Federal Housing Administration) | 1,797 | $610,635,000 | $339,000 | $61,455,000 | $91,000 | $993,000 |
| VA-guaranteed (Veterans Administration) | 454 | $138,010,000 | $303,000 | $1,005,000 | $100,000 | $837,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $4,885,000 | $212,000 | $325,000 | $83,000 | $127,000 |
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 | 7,517 | $1,875,135,000 | $249,000 | $61,455,000 | $135,000 | $5,913,000 |
| Application Denied By Financial Institution | 3,341 | $527,525,000 | $157,000 | $3,285,000 | $107,000 | $3,865,000 |
| Application Withdrawn By Applicant | 1,356 | $401,360,000 | $295,000 | $51,995,000 | $135,000 | $5,500,000 |
| Loan Purchased By The Institution | 1,292 | $328,000,000 | $253,000 | $705,000 | $121,000 | $900,000 |
| Application Approved But Not Accepted | 565 | $90,555,000 | $160,000 | $1,605,000 | $131,000 | $1,000,000 |
| File Closed For Incompleteness | 521 | $118,175,000 | $226,000 | $4,565,000 | $142,000 | $4,300,000 |
| Preapproval Denied by Financial Institution | 3 | $755,000 | $251,000 | $365,000 | $76,000 | $119,000 |
| Preapproval Approved but not Accepted | 1 | $125,000 | $125,000 | $125,000 | $60,000 | $60,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 10,825 | $2,632,535,000 | $243,000 | $51,995,000 | $134,000 | $5,913,000 |
| Debt-To-Income Ratio | 1,684 | $369,060,000 | $219,000 | $61,455,000 | $90,000 | $1,940,000 |
| Credit History | 855 | $108,735,000 | $127,000 | $2,405,000 | $120,000 | $2,000,000 |
| Collateral | 631 | $107,645,000 | $170,000 | $1,605,000 | $149,000 | $3,865,000 |
| Other | 248 | $51,500,000 | $207,000 | $3,285,000 | $113,000 | $545,000 |
| Credit Application Incomplete | 198 | $45,920,000 | $231,000 | $675,000 | $134,000 | $1,313,000 |
| Unverifiable Information | 81 | $11,865,000 | $146,000 | $585,000 | $120,000 | $689,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 42 | $9,410,000 | $224,000 | $1,445,000 | $97,000 | $365,000 |
| Employment History | 31 | $4,685,000 | $151,000 | $365,000 | $156,000 | $1,800,000 |
| Mortgage Insurance Denied | 1 | $275,000 | $275,000 | $275,000 | $243,000 | $243,000 |
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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