Beacon Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Beacon Bank & Trust of Albany, NY reported 252 mortgage applications totaling $266.5 million, up 14% from 2015. The average application was for $1,057,503, and applicants reported an average income of $212,174. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Boston, MA (130), Cambridge-Newton-Framingham, MA (96) and Barnstable Town, MA (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 | 252 |
| Total Mortgage Loan Application Amount | $266,491,000 |
| Average Mortgage Loan Application Amount | $1,057,503 |
| Highest Mortgage Loan Application Amount | $21,500,000 |
| Average Applicant Income | $212,174 |
| Highest Applicant Income | $9,999,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 78,613,000 | $ 958,695 | $ 294,000 |
| Suffolk, Massachusetts | 81 | $ 82,816,000 | $ 1,022,419 | $ 165,000 |
| Norfolk, Massachusetts | 45 | $ 66,273,000 | $ 1,472,733 | $ 145,000 |
| Essex, Massachusetts | 14 | $ 21,375,000 | $ 1,526,785 | $ 442,000 |
| Barnstable, Massachusetts | 6 | $ 2,390,000 | $ 398,333 | $ 181,000 |
| Bristol, Massachusetts | 4 | $ 2,716,000 | $ 679,000 | $ 186,000 |
| Plymouth, Massachusetts | 4 | $ 601,000 | $ 150,250 | $ 74,000 |
| Nantucket, Massachusetts | 3 | $ 4,755,000 | $ 1,585,000 | $ 74,000 |
| Worcester, Massachusetts | 3 | $ 701,000 | $ 233,666 | $ 1,000 |
| Rockingham, New Hampshire | 2 | $ 325,000 | $ 162,500 | $ 51,000 |
| Fairfield, Connecticut | 1 | $ 850,000 | $ 850,000 | $ 0 |
| Lee, Florida | 1 | $ 379,000 | $ 379,000 | $ 81,000 |
| Dukes, Massachusetts | 1 | $ 622,000 | $ 622,000 | $ 480,000 |
| Grafton, New Hampshire | 1 | $ 2,300,000 | $ 2,300,000 | $ 0 |
| Kings, New York | 1 | $ 260,000 | $ 260,000 | $ 76,000 |
| New York, New York | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Providence, Rhode Island | 1 | $ 420,000 | $ 420,000 | $ 153,000 |
| Denton, Texas | 1 | $ 95,000 | $ 95,000 | $ 74,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust 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 | 139 | $177,289,000 | $1,275,000 | $21,500,000 | $258,000 | $9,999,000 |
| Refinancing | 78 | $77,278,000 | $990,000 | $14,000,000 | $162,000 | $2,009,000 |
| Home Improvement | 35 | $11,924,000 | $340,000 | $6,800,000 | $142,000 | $729,000 |
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 | 88 | $39,979,000 | $454,000 | $2,000,000 | $306,000 | $2,738,000 |
| Not Provided | 81 | $34,306,000 | $423,000 | $3,000,000 | $273,000 | $9,999,000 |
| Not applicable | 62 | $186,692,000 | $3,011,000 | $21,500,000 | $0 | $0 |
| Asian | 12 | $3,201,000 | $266,000 | $548,000 | $304,000 | $2,155,000 |
| Black or African American | 6 | $1,473,000 | $245,000 | $537,000 | $89,000 | $120,000 |
| Hispanic | 3 | $840,000 | $280,000 | $380,000 | $82,000 | $144,000 |
| Native Hawaiin 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) | 252 | $266,491,000 | $1,057,000 | $21,500,000 | $212,000 | $9,999,000 |
| 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 | 197 | $246,646,000 | $1,252,000 | $21,500,000 | $232,000 | $9,999,000 |
| Application Withdrawn By Applicant | 29 | $10,585,000 | $365,000 | $1,400,000 | $126,000 | $322,000 |
| Application Denied By Financial Institution | 17 | $5,637,000 | $331,000 | $1,020,000 | $127,000 | $360,000 |
| Application Approved But Not Accepted | 8 | $3,207,000 | $400,000 | $1,432,000 | $231,000 | $580,000 |
| File Closed For Incompleteness | 1 | $416,000 | $416,000 | $416,000 | $120,000 | $120,000 |
| 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 2016 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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