Beacon Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Beacon Bank & Trust of Albany, NY reported 295 mortgage applications totaling $200.5 million, up 2% from 2013. The average application was for $679,613, and applicants reported an average income of $232,501. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Boston, MA (174), Cambridge-Newton-Framingham, MA (101) and Worcester, MA-CT (6) (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 | 295 |
| Total Mortgage Loan Application Amount | $200,486,000 |
| Average Mortgage Loan Application Amount | $679,613 |
| Highest Mortgage Loan Application Amount | $8,891,000 |
| Average Applicant Income | $232,501 |
| Highest Applicant Income | $6,391,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 126 | $ 100,582,000 | $ 798,269 | $ 239,000 |
| Middlesex, Massachusetts | 84 | $ 48,497,000 | $ 577,345 | $ 180,000 |
| Norfolk, Massachusetts | 46 | $ 29,873,000 | $ 649,413 | $ 338,000 |
| Essex, Massachusetts | 17 | $ 6,137,000 | $ 361,000 | $ 84,000 |
| Worcester, Massachusetts | 6 | $ 1,651,000 | $ 275,166 | $ 67,000 |
| Barnstable, Massachusetts | 2 | $ 850,000 | $ 425,000 | $ 187,000 |
| Plymouth, Massachusetts | 2 | $ 632,000 | $ 316,000 | $ 39,000 |
| Suffolk, New York | 2 | $ 1,430,000 | $ 715,000 | $ 1,433,000 |
| Miami-Dade, Florida | 1 | $ 325,000 | $ 325,000 | $ 500,000 |
| York, Maine | 1 | $ 399,000 | $ 399,000 | $ 500,000 |
| Bristol, Massachusetts | 1 | $ 226,000 | $ 226,000 | $ 95,000 |
| Hudson, New Jersey | 1 | $ 344,000 | $ 344,000 | $ 511,000 |
| Queens, New York | 1 | $ 100,000 | $ 100,000 | $ 47,000 |
| Kent, Rhode Island | 1 | $ 6,425,000 | $ 6,425,000 | $ 0 |
| Providence, Rhode Island | 1 | $ 742,000 | $ 742,000 | $ 365,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2014
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 | 184 | $123,099,000 | $669,000 | $8,891,000 | $275,000 | $6,391,000 |
| Refinancing | 87 | $55,353,000 | $636,000 | $7,000,000 | $156,000 | $1,025,000 |
| Home Improvement | 24 | $22,034,000 | $918,000 | $7,500,000 | $184,000 | $2,260,000 |
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 | 176 | $88,803,000 | $504,000 | $4,500,000 | $327,000 | $6,391,000 |
| Not applicable | 57 | $86,726,000 | $1,521,000 | $8,891,000 | $0 | $0 |
| Asian | 26 | $9,568,000 | $368,000 | $1,760,000 | $213,000 | $779,000 |
| Not Provided | 14 | $6,762,000 | $483,000 | $1,505,000 | $184,000 | $587,000 |
| Hispanic | 11 | $4,286,000 | $389,000 | $1,155,000 | $143,000 | $443,000 |
| Black or African American | 8 | $2,905,000 | $363,000 | $1,173,000 | $115,000 | $365,000 |
| American Indian or Alaskan Native | 2 | $1,200,000 | $600,000 | $832,000 | $239,000 | $366,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $236,000 | $236,000 | $236,000 | $64,000 | $64,000 |
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) | 295 | $200,486,000 | $679,000 | $8,891,000 | $233,000 | $6,391,000 |
| 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 | 232 | $168,584,000 | $726,000 | $8,891,000 | $216,000 | $6,391,000 |
| Application Denied By Financial Institution | 24 | $10,830,000 | $451,000 | $1,760,000 | $250,000 | $1,555,000 |
| Application Withdrawn By Applicant | 16 | $7,476,000 | $467,000 | $1,979,000 | $325,000 | $1,910,000 |
| Application Approved But Not Accepted | 16 | $9,587,000 | $599,000 | $1,400,000 | $350,000 | $2,423,000 |
| File Closed For Incompleteness | 4 | $1,736,000 | $434,000 | $800,000 | $272,000 | $468,000 |
| Preapproval Denied by Financial Institution | 2 | $2,117,000 | $1,058,000 | $1,505,000 | $310,000 | $430,000 |
| Preapproval Approved but not Accepted | 1 | $156,000 | $156,000 | $156,000 | $53,000 | $53,000 |
| Loan Purchased By The 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 2014 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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