Beacon Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Beacon Bank & Trust of Albany, NY reported 921 mortgage applications totaling $615.0 million, down 8% from 2020. The average application was for $667,801, and applicants reported an average income of $221,146. 75% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (494), Boston, MA (357) and Providence-Warwick, RI-MA (16) (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 | 921 |
| Total Mortgage Loan Application Amount | $615,045,000 |
| Average Mortgage Loan Application Amount | $667,801 |
| Highest Mortgage Loan Application Amount | $46,255,000 |
| Average Applicant Income | $221,146 |
| Highest Applicant Income | $3,311,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 364 | $ 131,320,000 | $ 360,769 | $ 217,000 |
| Norfolk, Massachusetts | 179 | $ 123,565,000 | $ 690,307 | $ 246,000 |
| Suffolk, Massachusetts | 163 | $ 178,465,000 | $ 1,094,877 | $ 198,000 |
| Essex, Massachusetts | 130 | $ 81,490,000 | $ 626,846 | $ 170,000 |
| Barnstable, Massachusetts | 15 | $ 5,185,000 | $ 345,666 | $ 221,000 |
| Plymouth, Massachusetts | 15 | $ 4,815,000 | $ 321,000 | $ 358,000 |
| Worcester, Massachusetts | 10 | $ 11,830,000 | $ 1,183,000 | $ 66,000 |
| Rockingham, New Hampshire | 10 | $ 23,870,000 | $ 2,387,000 | $ 144,000 |
| Bristol, Massachusetts | 6 | $ 9,160,000 | $ 1,526,666 | $ 460,000 |
| Newport, Rhode Island | 4 | $ 5,570,000 | $ 1,392,500 | $ 337,000 |
| Providence, Rhode Island | 4 | $ 4,250,000 | $ 1,062,500 | $ 91,000 |
| Berkshire, Massachusetts | 2 | $ 500,000 | $ 250,000 | $ 333,000 |
| Grafton, New Hampshire | 2 | $ 570,000 | $ 285,000 | $ 59,000 |
| Kent, Rhode Island | 2 | $ 3,560,000 | $ 1,780,000 | $ 0 |
| Chatham, Georgia | 1 | $ 1,985,000 | $ 1,985,000 | $ 1,408,000 |
| Cumberland, Maine | 1 | $ 305,000 | $ 305,000 | $ 172,000 |
| Franklin, Maine | 1 | $ 155,000 | $ 155,000 | $ 352,000 |
| York, Maine | 1 | $ 275,000 | $ 275,000 | $ 51,000 |
| Dukes, Massachusetts | 1 | $ 1,655,000 | $ 1,655,000 | $ 516,000 |
| Hampden, Massachusetts | 1 | $ 295,000 | $ 295,000 | $ 63,000 |
| Nantucket, Massachusetts | 1 | $ 1,805,000 | $ 1,805,000 | $ 461,000 |
| Belknap, New Hampshire | 1 | $ 1,405,000 | $ 1,405,000 | $ 623,000 |
| Hillsborough, New Hampshire | 1 | $ 185,000 | $ 185,000 | $ 230,000 |
| Sullivan, New Hampshire | 1 | $ 1,765,000 | $ 1,765,000 | $ 1,231,000 |
| Bergen, New Jersey | 1 | $ 1,575,000 | $ 1,575,000 | $ 489,000 |
| Hudson, New Jersey | 1 | $ 305,000 | $ 305,000 | $ 489,000 |
| Passaic, New Jersey | 1 | $ 555,000 | $ 555,000 | $ 248,000 |
| Nassau, New York | 1 | $ 725,000 | $ 725,000 | $ 520,000 |
| Chittenden, Vermont | 1 | $ 17,905,000 | $ 17,905,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2021
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 | 338 | $79,070,000 | $233,000 | $9,005,000 | $197,000 | $1,055,000 |
| Refinancing | 296 | $202,300,000 | $683,000 | $46,255,000 | $194,000 | $1,131,000 |
| Home Purchase | 163 | $297,375,000 | $1,824,000 | $36,005,000 | $294,000 | $3,311,000 |
| Other Purpose | 124 | $36,300,000 | $292,000 | $1,805,000 | $256,000 | $1,923,000 |
| 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 | 562 | $159,470,000 | $283,000 | $2,005,000 | $212,000 | $1,395,000 |
| Not Provided | 207 | $108,565,000 | $524,000 | $4,905,000 | $258,000 | $3,311,000 |
| Asian | 47 | $14,945,000 | $317,000 | $965,000 | $220,000 | $1,923,000 |
| Not applicable | 41 | $317,435,000 | $7,742,000 | $46,255,000 | $0 | $0 |
| Hispanic | 26 | $6,980,000 | $268,000 | $745,000 | $182,000 | $948,000 |
| Black or African American | 18 | $3,040,000 | $168,000 | $395,000 | $108,000 | $222,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $505,000 | $167,000 | $169,000 |
| 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) | 921 | $615,045,000 | $667,000 | $46,255,000 | $219,000 | $3,311,000 |
| 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 | 695 | $518,045,000 | $745,000 | $46,255,000 | $226,000 | $3,311,000 |
| Application Denied By Financial Institution | 115 | $32,105,000 | $279,000 | $1,205,000 | $162,000 | $800,000 |
| Application Withdrawn By Applicant | 67 | $51,475,000 | $768,000 | $24,055,000 | $232,000 | $843,000 |
| Application Approved But Not Accepted | 27 | $6,955,000 | $257,000 | $905,000 | $203,000 | $420,000 |
| File Closed For Incompleteness | 17 | $6,465,000 | $380,000 | $1,205,000 | $335,000 | $1,200,000 |
| 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 | 806 | $582,940,000 | $723,000 | $46,255,000 | $228,000 | $3,311,000 |
| Debt-To-Income Ratio | 49 | $13,195,000 | $269,000 | $1,065,000 | $75,000 | $264,000 |
| Credit History | 36 | $9,770,000 | $271,000 | $1,005,000 | $191,000 | $800,000 |
| Collateral | 17 | $4,915,000 | $289,000 | $875,000 | $323,000 | $649,000 |
| Other | 7 | $2,145,000 | $306,000 | $745,000 | $179,000 | $341,000 |
| Unverifiable Information | 4 | $1,820,000 | $455,000 | $1,205,000 | $243,000 | $500,000 |
| Credit Application Incomplete | 1 | $165,000 | $165,000 | $165,000 | $135,000 | $135,000 |
| Employment History | 1 | $95,000 | $95,000 | $95,000 | $80,000 | $80,000 |
| 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 2021 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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