Beacon Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Beacon Bank & Trust of Albany, NY reported 968 mortgage applications totaling $475.6 million, up 334% from 2017. The average application was for $491,291, and applicants reported an average income of $195,705. 76% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (461), Boston, MA (454) and Barnstable Town, MA (24) (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 | 968 |
| Total Mortgage Loan Application Amount | $475,570,000 |
| Average Mortgage Loan Application Amount | $491,291 |
| Highest Mortgage Loan Application Amount | $48,005,000 |
| Average Applicant Income | $195,705 |
| Highest Applicant Income | $2,889,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 427 | $ 148,655,000 | $ 348,138 | $ 175,000 |
| Suffolk, Massachusetts | 222 | $ 119,020,000 | $ 536,126 | $ 181,000 |
| Norfolk, Massachusetts | 210 | $ 72,830,000 | $ 346,809 | $ 211,000 |
| Essex, Massachusetts | 34 | $ 57,580,000 | $ 1,693,529 | $ 203,000 |
| Barnstable, Massachusetts | 24 | $ 11,750,000 | $ 489,583 | $ 343,000 |
| Plymouth, Massachusetts | 22 | $ 9,390,000 | $ 426,818 | $ 207,000 |
| Worcester, Massachusetts | 8 | $ 2,170,000 | $ 271,250 | $ 115,000 |
| Bristol, Massachusetts | 4 | $ 3,050,000 | $ 762,500 | $ 324,000 |
| Hillsborough, New Hampshire | 2 | $ 600,000 | $ 300,000 | $ 227,000 |
| Rockingham, New Hampshire | 2 | $ 540,000 | $ 270,000 | $ 91,000 |
| Essex, New Jersey | 2 | $ 410,000 | $ 205,000 | $ 296,000 |
| Newport, Rhode Island | 2 | $ 620,000 | $ 310,000 | $ 238,000 |
| Tolland, Connecticut | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| Broward, Florida | 1 | $ 1,985,000 | $ 1,985,000 | $ 1,594,000 |
| Leon, Florida | 1 | $ 885,000 | $ 885,000 | $ 0 |
| Dukes, Massachusetts | 1 | $ 605,000 | $ 605,000 | $ 503,000 |
| Hampden, Massachusetts | 1 | $ 9,705,000 | $ 9,705,000 | $ 0 |
| Nantucket, Massachusetts | 1 | $ 105,000 | $ 105,000 | $ 509,000 |
| Suffolk, New York | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Westchester, New York | 1 | $ 175,000 | $ 175,000 | $ 108,000 |
| Providence, Rhode Island | 1 | $ 35,005,000 | $ 35,005,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2018
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 Improvement | 316 | $64,370,000 | $203,000 | $1,805,000 | $159,000 | $645,000 |
| Refinancing | 293 | $144,815,000 | $494,000 | $11,005,000 | $199,000 | $2,222,000 |
| Home Purchase | 218 | $234,370,000 | $1,075,000 | $48,005,000 | $243,000 | $1,877,000 |
| Other Purpose | 141 | $32,015,000 | $227,000 | $1,305,000 | $198,000 | $2,889,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 582 | $164,160,000 | $282,000 | $2,305,000 | $197,000 | $2,889,000 |
| Not Provided | 173 | $71,075,000 | $410,000 | $2,345,000 | $204,000 | $1,189,000 |
| Asian | 79 | $21,605,000 | $273,000 | $1,725,000 | $184,000 | $2,222,000 |
| Not applicable | 69 | $202,085,000 | $2,928,000 | $48,005,000 | $0 | $0 |
| Hispanic | 31 | $8,945,000 | $288,000 | $975,000 | $123,000 | $400,000 |
| Black or African American | 17 | $3,075,000 | $180,000 | $905,000 | $103,000 | $250,000 |
| American Indian or Alaskan Native | 6 | $1,480,000 | $246,000 | $875,000 | $274,000 | $648,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $389,000 | $389,000 |
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) | 968 | $475,570,000 | $491,000 | $48,005,000 | $193,000 | $2,889,000 |
| 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 | 737 | $402,365,000 | $545,000 | $48,005,000 | $203,000 | $2,889,000 |
| Application Denied By Financial Institution | 144 | $42,750,000 | $296,000 | $4,535,000 | $136,000 | $526,000 |
| Application Withdrawn By Applicant | 55 | $18,735,000 | $340,000 | $2,345,000 | $227,000 | $1,608,000 |
| File Closed For Incompleteness | 16 | $4,570,000 | $285,000 | $605,000 | $165,000 | $590,000 |
| Application Approved But Not Accepted | 16 | $7,150,000 | $446,000 | $1,265,000 | $177,000 | $668,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 824 | $432,820,000 | $525,000 | $48,005,000 | $204,000 | $2,889,000 |
| Debt-To-Income Ratio | 67 | $20,165,000 | $300,000 | $1,305,000 | $91,000 | $333,000 |
| Credit History | 32 | $10,450,000 | $326,000 | $4,535,000 | $144,000 | $450,000 |
| Collateral | 23 | $6,795,000 | $295,000 | $2,135,000 | $214,000 | $526,000 |
| Other | 14 | $2,940,000 | $210,000 | $505,000 | $197,000 | $425,000 |
| Unverifiable Information | 5 | $1,435,000 | $287,000 | $745,000 | $124,000 | $297,000 |
| Employment History | 2 | $460,000 | $230,000 | $305,000 | $78,000 | $86,000 |
| Credit Application Incomplete | 1 | $505,000 | $505,000 | $505,000 | $350,000 | $350,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beacon Bank & Trust's 2018 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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