Beacon Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Beacon Bank & Trust of Albany, NY reported 221 mortgage applications totaling $187.8 million, down 25% from 2014. The average application was for $849,633, and applicants reported an average income of $193,760. 76% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Boston, MA (113), Cambridge-Newton-Framingham, MA (90) and Barnstable Town, MA (5) (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 | 221 |
| Total Mortgage Loan Application Amount | $187,769,000 |
| Average Mortgage Loan Application Amount | $849,633 |
| Highest Mortgage Loan Application Amount | $23,000,000 |
| Average Applicant Income | $193,760 |
| Highest Applicant Income | $3,143,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 82 | $ 64,164,000 | $ 782,487 | $ 198,000 |
| Suffolk, Massachusetts | 60 | $ 34,382,000 | $ 573,033 | $ 161,000 |
| Norfolk, Massachusetts | 49 | $ 44,329,000 | $ 904,673 | $ 226,000 |
| Essex, Massachusetts | 8 | $ 8,462,000 | $ 1,057,750 | $ 70,000 |
| Barnstable, Massachusetts | 5 | $ 2,398,000 | $ 479,600 | $ 201,000 |
| Plymouth, Massachusetts | 4 | $ 1,090,000 | $ 272,500 | $ 102,000 |
| Worcester, Massachusetts | 4 | $ 23,584,000 | $ 5,896,000 | $ 142,000 |
| Belknap, New Hampshire | 2 | $ 727,000 | $ 363,500 | $ 339,000 |
| Maricopa, Arizona | 1 | $ 3,500,000 | $ 3,500,000 | $ 1,894,000 |
| New London, Connecticut | 1 | $ 1,282,000 | $ 1,282,000 | $ 119,000 |
| Nantucket, Massachusetts | 1 | $ 392,000 | $ 392,000 | $ 268,000 |
| Hillsborough, New Hampshire | 1 | $ 195,000 | $ 195,000 | $ 59,000 |
| Newport, Rhode Island | 1 | $ 2,588,000 | $ 2,588,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2015
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 | 123 | $112,696,000 | $916,000 | $23,000,000 | $235,000 | $3,143,000 |
| Refinancing | 70 | $39,994,000 | $571,000 | $3,500,000 | $128,000 | $477,000 |
| Home Improvement | 28 | $35,079,000 | $1,252,000 | $18,000,000 | $177,000 | $1,391,000 |
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 | 118 | $68,708,000 | $582,000 | $3,500,000 | $275,000 | $3,143,000 |
| Not applicable | 48 | $95,871,000 | $1,997,000 | $23,000,000 | $0 | $0 |
| Not Provided | 28 | $8,732,000 | $311,000 | $684,000 | $178,000 | $1,391,000 |
| Asian | 16 | $9,763,000 | $610,000 | $3,000,000 | $222,000 | $726,000 |
| Hispanic | 8 | $4,127,000 | $515,000 | $1,282,000 | $219,000 | $421,000 |
| Black or African American | 3 | $568,000 | $189,000 | $420,000 | $67,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 221 | $187,769,000 | $849,000 | $23,000,000 | $194,000 | $3,143,000 |
| 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 | 168 | $161,963,000 | $964,000 | $23,000,000 | $185,000 | $3,143,000 |
| Application Withdrawn By Applicant | 20 | $7,720,000 | $386,000 | $1,163,000 | $182,000 | $569,000 |
| Application Denied By Financial Institution | 17 | $8,225,000 | $483,000 | $1,350,000 | $181,000 | $720,000 |
| Application Approved But Not Accepted | 12 | $5,785,000 | $482,000 | $1,144,000 | $351,000 | $2,293,000 |
| File Closed For Incompleteness | 2 | $3,400,000 | $1,700,000 | $2,400,000 | $238,000 | $420,000 |
| Preapproval Denied by Financial Institution | 2 | $676,000 | $338,000 | $351,000 | $157,000 | $224,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 2015 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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