Dutchess County-Putnam County, NY Metro Area Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 12,589 mortgage applications in Dutchess County-Putnam County, NY metro area totaling $3.1 billion, up 17% from 2015. The average application was for $249,682, and applicants reported an average income of $110,000. 51% of applications resulted in an originated loan and 20% were denied. The most active lender was Hudson Valley Credit Union, with 1,259 applications, followed by Wells Fargo Bank NA and loanDepot.com LLC.
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| Years | 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 12,589 |
| Total Mortgage Loan Application Amount | $3,143,259,000 |
| Average Mortgage Loan Application Amount | $249,682 |
| Highest Mortgage Loan Application Amount | $93,200,000 |
| Average Applicant Income | $110,000 |
| Highest Applicant Income | $5,031,000 |
Top Mortgage Lenders in Dutchess County-Putnam County, NY Metro Area (2016)
Ranked by the number of mortgage applications each lender reported in Dutchess County-Putnam County, NY metro area in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Hudson Valley Credit Union Poughkeepsie, NY |
1,259 | $230,888,000 | $183,000 | $114,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
1,054 | $254,734,000 | $241,000 | $115,000 |
| 3 | loanDepot.com LLC Irvine, CA |
728 | $183,544,000 | $252,000 | $115,000 |
| 4 | Nationstar Mortgage Coppell, TX |
520 | $117,614,000 | $226,000 | $67,000 |
| 5 | JPMorgan Chase Bank, NA Columbus, OH |
437 | $118,527,000 | $271,000 | $125,000 |
| 6 | Primelending Dallas, TX |
397 | $91,997,000 | $231,000 | $111,000 |
| 7 | Homestead Funding Corp. Albany, NY |
363 | $91,238,000 | $251,000 | $108,000 |
| 8 | M&T Bank Buffalo, NY |
234 | $43,841,000 | $187,000 | $104,000 |
| 9 | Rhinebeck Bank Poughkeepsie, NY |
222 | $37,011,000 | $166,000 | $108,000 |
| 10 | Homebridge Financial Services, Inc Iselin, NJ |
218 | $52,262,000 | $239,000 | $93,000 |
See every lender active in Dutchess County-Putnam County, NY metro area in 2016 »
The tables below break down 2016 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 2016
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 | 6,073 | $1,703,209,000 | $280,000 | $93,200,000 | $111,000 | $2,890,000 |
| Refinancing | 5,545 | $1,342,500,000 | $242,000 | $5,437,000 | $106,000 | $4,000,000 |
| Home Improvement | 971 | $97,550,000 | $100,000 | $11,450,000 | $131,000 | $5,031,000 |
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 | 8,037 | $1,860,871,000 | $231,000 | $2,650,000 | $118,000 | $3,900,000 |
| Not Provided | 1,564 | $376,797,000 | $240,000 | $3,900,000 | $134,000 | $5,031,000 |
| Hispanic | 1,031 | $230,253,000 | $223,000 | $636,000 | $92,000 | $799,000 |
| Not applicable | 996 | $450,755,000 | $452,000 | $93,200,000 | $33,000 | $4,000,000 |
| Black or African American | 625 | $138,618,000 | $221,000 | $1,680,000 | $92,000 | $2,345,000 |
| Asian | 271 | $71,200,000 | $262,000 | $1,240,000 | $145,000 | $1,391,000 |
| American Indian or Alaskan Native | 48 | $10,998,000 | $229,000 | $667,000 | $84,000 | $262,000 |
| Native Hawaiin or Other Pacific Islander | 17 | $3,767,000 | $221,000 | $364,000 | $76,000 | $139,000 |
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) | 9,621 | $2,380,381,000 | $247,000 | $93,200,000 | $122,000 | $5,031,000 |
| FHA-insured (Federal Housing Administration) | 2,355 | $597,039,000 | $253,000 | $739,000 | $73,000 | $2,100,000 |
| VA-guaranteed (Veterans Administration) | 580 | $159,964,000 | $275,000 | $1,095,000 | $80,000 | $539,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $5,875,000 | $178,000 | $267,000 | $50,000 | $93,000 |
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 | 6,408 | $1,692,375,000 | $264,000 | $93,200,000 | $122,000 | $5,031,000 |
| Application Denied By Financial Institution | 2,524 | $541,312,000 | $214,000 | $5,437,000 | $102,000 | $2,760,000 |
| Application Withdrawn By Applicant | 1,401 | $338,591,000 | $241,000 | $2,000,000 | $122,000 | $3,900,000 |
| Loan Purchased By The Institution | 1,347 | $329,124,000 | $244,000 | $1,039,000 | $58,000 | $954,000 |
| File Closed For Incompleteness | 510 | $137,927,000 | $270,000 | $17,800,000 | $99,000 | $995,000 |
| Application Approved But Not Accepted | 399 | $103,930,000 | $260,000 | $11,450,000 | $126,000 | $4,000,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 387 | $99,070,000 | $255,000 | $1,260,000 | $121,000 | $1,238,000 |
| Debt-To-Income Ratio | 375 | $85,128,000 | $227,000 | $3,900,000 | $74,000 | $470,000 |
| Credit History | 333 | $46,917,000 | $140,000 | $891,000 | $94,000 | $1,300,000 |
| Other | 228 | $28,961,000 | $127,000 | $700,000 | $113,000 | $1,920,000 |
| Credit Application Incomplete | 211 | $48,914,000 | $231,000 | $570,000 | $111,000 | $1,200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 49 | $11,413,000 | $232,000 | $750,000 | $80,000 | $264,000 |
| Unverifiable Information | 29 | $7,474,000 | $257,000 | $1,400,000 | $150,000 | $997,000 |
| Employment History | 19 | $3,571,000 | $187,000 | $493,000 | $79,000 | $288,000 |
| Mortgage Insurance Denied | 2 | $642,000 | $321,000 | $417,000 | $76,000 | $88,000 |
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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