Beacon Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Beacon Bank & Trust of Albany, NY reported 289 mortgage applications totaling $242.9 million, down 10% from 2012. The average application was for $840,352, and applicants reported an average income of $221,695. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Boston-Quincy, MA (164), Cambridge-Newton-Framingham, MA (92) and Peabody, MA (18) (applications in parentheses).
| Mortgage Company & Address | Beacon Bank & Trust Albany, NY 12207 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 289 |
| Total Mortgage Loan Application Amount | $242,862,000 |
| Average Mortgage Loan Application Amount | $840,352 |
| Highest Mortgage Loan Application Amount | $20,480,000 |
| Average Applicant Income | $221,695 |
| Highest Applicant Income | $2,840,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Suffolk, Massachusetts | 102 | $ 76,289,000 | $ 747,931 | $ 196,000 |
| Middlesex, Massachusetts | 92 | $ 60,487,000 | $ 657,467 | $ 296,000 |
| Norfolk, Massachusetts | 59 | $ 56,555,000 | $ 958,559 | $ 143,000 |
| Essex, Massachusetts | 18 | $ 8,219,000 | $ 456,611 | $ 203,000 |
| Barnstable, Massachusetts | 3 | $ 3,883,000 | $ 1,294,333 | $ 180,000 |
| Plymouth, Massachusetts | 3 | $ 1,467,000 | $ 489,000 | $ 532,000 |
| Bristol, Massachusetts | 2 | $ 13,950,000 | $ 6,975,000 | $ 363,000 |
| Nantucket, Massachusetts | 2 | $ 1,451,000 | $ 725,500 | $ 289,000 |
| Worcester, Massachusetts | 2 | $ 513,000 | $ 256,500 | $ 56,000 |
| Dukes, Massachusetts | 1 | $ 360,000 | $ 360,000 | $ 95,000 |
| Belknap, New Hampshire | 1 | $ 1,100,000 | $ 1,100,000 | $ 758,000 |
| Sullivan, New Hampshire | 1 | $ 3,500,000 | $ 3,500,000 | $ 0 |
| Essex, New Jersey | 1 | $ 500,000 | $ 500,000 | $ 164,000 |
| Providence, Rhode Island | 1 | $ 14,000,000 | $ 14,000,000 | $ 0 |
| Washington, Rhode Island | 1 | $ 588,000 | $ 588,000 | $ 217,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2013
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 | 158 | $150,459,000 | $952,000 | $20,480,000 | $236,000 | $2,840,000 |
| Refinancing | 110 | $75,209,000 | $683,000 | $17,500,000 | $224,000 | $1,390,000 |
| Home Improvement | 21 | $17,194,000 | $818,000 | $4,200,000 | $102,000 | $285,000 |
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 | 179 | $78,380,000 | $437,000 | $2,050,000 | $237,000 | $1,390,000 |
| Not applicable | 49 | $127,410,000 | $2,600,000 | $20,480,000 | $0 | $0 |
| Asian | 28 | $11,330,000 | $404,000 | $1,700,000 | $328,000 | $1,819,000 |
| Not Provided | 20 | $23,166,000 | $1,158,000 | $4,950,000 | $563,000 | $2,840,000 |
| Hispanic | 7 | $1,453,000 | $207,000 | $440,000 | $93,000 | $179,000 |
| Black or African American | 4 | $443,000 | $110,000 | $250,000 | $109,000 | $135,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $680,000 | $340,000 | $470,000 | $83,000 | $117,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 289 | $242,862,000 | $840,000 | $20,480,000 | $222,000 | $2,840,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 234 | $184,370,000 | $787,000 | $20,480,000 | $217,000 | $2,000,000 |
| Application Approved But Not Accepted | 20 | $10,257,000 | $512,000 | $2,400,000 | $336,000 | $2,840,000 |
| Application Withdrawn By Applicant | 17 | $41,034,000 | $2,413,000 | $17,500,000 | $253,000 | $758,000 |
| Application Denied By Financial Institution | 14 | $5,507,000 | $393,000 | $900,000 | $123,000 | $556,000 |
| File Closed For Incompleteness | 4 | $1,694,000 | $423,000 | $550,000 | $131,000 | $172,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beacon Bank & Trust's 2013 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Beacon Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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