Beacon Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Beacon Bank & Trust of Albany, NY reported 883 mortgage applications totaling $491.6 million, down 9% from 2018. The average application was for $556,744, and applicants reported an average income of $198,900. 77% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (451), Boston, MA (389) and Barnstable Town, MA (12) (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 | 883 |
| Total Mortgage Loan Application Amount | $491,605,000 |
| Average Mortgage Loan Application Amount | $556,744 |
| Highest Mortgage Loan Application Amount | $40,005,000 |
| Average Applicant Income | $198,900 |
| Highest Applicant Income | $2,389,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 417 | $ 182,205,000 | $ 436,942 | $ 172,000 |
| Suffolk, Massachusetts | 189 | $ 100,955,000 | $ 534,153 | $ 214,000 |
| Norfolk, Massachusetts | 187 | $ 136,645,000 | $ 730,721 | $ 221,000 |
| Essex, Massachusetts | 34 | $ 22,050,000 | $ 648,529 | $ 177,000 |
| Plymouth, Massachusetts | 13 | $ 17,855,000 | $ 1,373,461 | $ 139,000 |
| Barnstable, Massachusetts | 12 | $ 7,070,000 | $ 589,166 | $ 394,000 |
| Worcester, Massachusetts | 9 | $ 7,715,000 | $ 857,222 | $ 142,000 |
| Rockingham, New Hampshire | 4 | $ 1,070,000 | $ 267,500 | $ 283,000 |
| Bristol, Massachusetts | 3 | $ 155,000 | $ 51,666 | $ 86,000 |
| Providence, Rhode Island | 3 | $ 10,775,000 | $ 3,591,666 | $ 354,000 |
| Newport, Rhode Island | 2 | $ 1,910,000 | $ 955,000 | $ 1,485,000 |
| Washington, Rhode Island | 2 | $ 530,000 | $ 265,000 | $ 212,000 |
| Denver, Colorado | 1 | $ 375,000 | $ 375,000 | $ 284,000 |
| York, Maine | 1 | $ 285,000 | $ 285,000 | $ 104,000 |
| Dukes, Massachusetts | 1 | $ 505,000 | $ 505,000 | $ 359,000 |
| Grafton, New Hampshire | 1 | $ 555,000 | $ 555,000 | $ 356,000 |
| Hillsborough, New Hampshire | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Merrimack, New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 90,000 |
| Kings, New York | 1 | $ 655,000 | $ 655,000 | $ 189,000 |
| Suffolk, New York | 1 | $ 45,000 | $ 45,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2019
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 |
|---|---|---|---|---|---|---|
| Refinancing | 313 | $200,965,000 | $642,000 | $40,005,000 | $198,000 | $1,619,000 |
| Home Improvement | 233 | $50,765,000 | $217,000 | $8,505,000 | $167,000 | $889,000 |
| Home Purchase | 203 | $206,045,000 | $1,015,000 | $18,645,000 | $254,000 | $2,389,000 |
| Other Purpose | 134 | $33,830,000 | $252,000 | $2,005,000 | $173,000 | $1,303,000 |
| 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 | 557 | $153,665,000 | $275,000 | $3,845,000 | $183,000 | $1,485,000 |
| Not Provided | 159 | $88,525,000 | $556,000 | $4,355,000 | $270,000 | $2,389,000 |
| Not applicable | 62 | $224,810,000 | $3,625,000 | $40,005,000 | $0 | $0 |
| Asian | 46 | $11,780,000 | $256,000 | $685,000 | $172,000 | $835,000 |
| Hispanic | 23 | $6,145,000 | $267,000 | $1,495,000 | $182,000 | $439,000 |
| Black or African American | 19 | $2,675,000 | $140,000 | $605,000 | $86,000 | $182,000 |
| American Indian or Alaskan Native | 4 | $1,120,000 | $280,000 | $505,000 | $114,000 | $171,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $95,000 | $95,000 |
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) | 883 | $491,605,000 | $556,000 | $40,005,000 | $196,000 | $2,389,000 |
| 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 | 676 | $399,250,000 | $590,000 | $40,005,000 | $207,000 | $2,389,000 |
| Application Denied By Financial Institution | 129 | $39,245,000 | $304,000 | $3,605,000 | $136,000 | $1,039,000 |
| Application Withdrawn By Applicant | 45 | $32,275,000 | $717,000 | $5,505,000 | $243,000 | $1,158,000 |
| Application Approved But Not Accepted | 19 | $17,595,000 | $926,000 | $11,005,000 | $190,000 | $765,000 |
| File Closed For Incompleteness | 14 | $3,240,000 | $231,000 | $805,000 | $143,000 | $424,000 |
| 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 | 754 | $452,360,000 | $599,000 | $40,005,000 | $207,000 | $2,389,000 |
| Debt-To-Income Ratio | 60 | $19,190,000 | $319,000 | $1,495,000 | $76,000 | $200,000 |
| Credit History | 32 | $5,910,000 | $184,000 | $805,000 | $142,000 | $500,000 |
| Collateral | 21 | $6,275,000 | $298,000 | $3,605,000 | $214,000 | $1,039,000 |
| Other | 12 | $6,150,000 | $512,000 | $1,495,000 | $287,000 | $840,000 |
| Employment History | 2 | $260,000 | $130,000 | $155,000 | $98,000 | $168,000 |
| Unverifiable Information | 1 | $205,000 | $205,000 | $205,000 | $300,000 | $300,000 |
| Credit Application Incomplete | 1 | $1,255,000 | $1,255,000 | $1,255,000 | $400,000 | $400,000 |
| 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 2019 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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