Beacon Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Beacon Bank & Trust of Albany, NY reported 223 mortgage applications totaling $198.1 million, down 12% from 2016. The average application was for $888,381, and applicants reported an average income of $226,645. 79% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Boston, MA (106), Cambridge-Newton-Framingham, MA (95) and Barnstable Town, MA (8) (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 | 223 |
| Total Mortgage Loan Application Amount | $198,109,000 |
| Average Mortgage Loan Application Amount | $888,381 |
| Highest Mortgage Loan Application Amount | $17,000,000 |
| Average Applicant Income | $226,645 |
| Highest Applicant Income | $3,942,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 86 | $ 60,234,000 | $ 700,395 | $ 181,000 |
| Suffolk, Massachusetts | 61 | $ 66,728,000 | $ 1,093,901 | $ 252,000 |
| Norfolk, Massachusetts | 37 | $ 44,047,000 | $ 1,190,459 | $ 193,000 |
| Essex, Massachusetts | 9 | $ 4,816,000 | $ 535,111 | $ 74,000 |
| Barnstable, Massachusetts | 8 | $ 9,235,000 | $ 1,154,375 | $ 684,000 |
| Plymouth, Massachusetts | 8 | $ 3,773,000 | $ 471,625 | $ 189,000 |
| Bristol, Massachusetts | 4 | $ 4,133,000 | $ 1,033,250 | $ 327,000 |
| Nantucket, Massachusetts | 2 | $ 1,190,000 | $ 595,000 | $ 0 |
| Worcester, Massachusetts | 2 | $ 695,000 | $ 347,500 | $ 121,000 |
| Coos, New Hampshire | 1 | $ 150,000 | $ 150,000 | $ 23,000 |
| Rockingham, New Hampshire | 1 | $ 90,000 | $ 90,000 | $ 177,000 |
| Mercer, New Jersey | 1 | $ 380,000 | $ 380,000 | $ 137,000 |
| New York, New York | 1 | $ 2,250,000 | $ 2,250,000 | $ 2,672,000 |
| Newport, Rhode Island | 1 | $ 175,000 | $ 175,000 | $ 274,000 |
| Providence, Rhode Island | 1 | $ 213,000 | $ 213,000 | $ 6,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2017
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 | 116 | $129,092,000 | $1,112,000 | $17,000,000 | $254,000 | $3,942,000 |
| Refinancing | 70 | $56,770,000 | $811,000 | $7,320,000 | $225,000 | $3,795,000 |
| Home Improvement | 37 | $12,247,000 | $331,000 | $4,850,000 | $144,000 | $598,000 |
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 | 94 | $58,544,000 | $622,000 | $6,060,000 | $339,000 | $3,942,000 |
| Not Provided | 75 | $40,181,000 | $535,000 | $2,250,000 | $226,000 | $2,672,000 |
| Not applicable | 44 | $96,871,000 | $2,201,000 | $17,000,000 | $0 | $0 |
| Asian | 5 | $669,000 | $133,000 | $344,000 | $169,000 | $226,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $858,000 | $286,000 | $360,000 | $188,000 | $286,000 |
| Hispanic | 2 | $986,000 | $493,000 | $840,000 | $166,000 | $272,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 223 | $198,109,000 | $888,000 | $17,000,000 | $227,000 | $3,942,000 |
| 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 | 177 | $177,595,000 | $1,003,000 | $17,000,000 | $242,000 | $3,942,000 |
| Application Denied By Financial Institution | 27 | $7,466,000 | $276,000 | $1,527,000 | $97,000 | $339,000 |
| Application Withdrawn By Applicant | 9 | $6,614,000 | $734,000 | $2,250,000 | $363,000 | $2,672,000 |
| Application Approved But Not Accepted | 9 | $6,084,000 | $676,000 | $1,600,000 | $196,000 | $385,000 |
| File Closed For Incompleteness | 1 | $350,000 | $350,000 | $350,000 | $80,000 | $80,000 |
| 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 2017 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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