Beacon Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Beacon Bank & Trust of Albany, NY reported 600 mortgage applications totaling $271.9 million, up 1% from 2023. The average application was for $453,183, and applicants reported an average income of $291,355. 63% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (336), Boston, MA (211) and Providence-Warwick, RI-MA (14) (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 | 600 |
| Total Mortgage Loan Application Amount | $271,910,000 |
| Average Mortgage Loan Application Amount | $453,183 |
| Highest Mortgage Loan Application Amount | $13,615,000 |
| Average Applicant Income | $291,355 |
| Highest Applicant Income | $5,189,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 219 | $ 82,545,000 | $ 376,917 | $ 251,000 |
| Norfolk, Massachusetts | 123 | $ 74,175,000 | $ 603,048 | $ 321,000 |
| Essex, Massachusetts | 117 | $ 33,025,000 | $ 282,264 | $ 230,000 |
| Suffolk, Massachusetts | 77 | $ 42,425,000 | $ 550,974 | $ 330,000 |
| Barnstable, Massachusetts | 11 | $ 4,805,000 | $ 436,818 | $ 378,000 |
| Plymouth, Massachusetts | 11 | $ 5,225,000 | $ 475,000 | $ 663,000 |
| Worcester, Massachusetts | 9 | $ 3,535,000 | $ 392,777 | $ 169,000 |
| Bristol, Massachusetts | 8 | $ 2,800,000 | $ 350,000 | $ 170,000 |
| Rockingham, New Hampshire | 5 | $ 5,755,000 | $ 1,151,000 | $ 209,000 |
| Providence, Rhode Island | 5 | $ 385,000 | $ 77,000 | $ 120,000 |
| Hillsborough, New Hampshire | 3 | $ 355,000 | $ 118,333 | $ 94,000 |
| Hampden, Massachusetts | 2 | $ 180,000 | $ 90,000 | $ 88,000 |
| Coos, New Hampshire | 2 | $ 810,000 | $ 405,000 | $ 2,802,000 |
| Capitol Planning Region, Connecticut | 1 | $ 125,000 | $ 125,000 | $ 201,000 |
| Broward, Florida | 1 | $ 125,000 | $ 125,000 | $ 0 |
| York, Maine | 1 | $ 1,005,000 | $ 1,005,000 | $ 833,000 |
| Nantucket, Massachusetts | 1 | $ 155,000 | $ 155,000 | $ 269,000 |
| Carroll, New Hampshire | 1 | $ 155,000 | $ 155,000 | $ 119,000 |
| Sullivan, New Hampshire | 1 | $ 205,000 | $ 205,000 | $ 419,000 |
| Suffolk, New York | 1 | $ 505,000 | $ 505,000 | $ 2,389,000 |
| Kent, Rhode Island | 1 | $ 13,615,000 | $ 13,615,000 | $ 0 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2024
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 | 226 | $53,440,000 | $236,000 | $4,505,000 | $243,000 | $5,062,000 |
| Home Purchase | 141 | $130,085,000 | $922,000 | $13,615,000 | $436,000 | $5,189,000 |
| Refinancing | 130 | $61,540,000 | $473,000 | $10,005,000 | $241,000 | $1,145,000 |
| Other Purpose | 103 | $26,845,000 | $260,000 | $1,005,000 | $263,000 | $2,389,000 |
| 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 | 407 | $161,275,000 | $396,000 | $4,875,000 | $284,000 | $5,189,000 |
| Not Provided | 66 | $28,570,000 | $432,000 | $4,425,000 | $470,000 | $5,062,000 |
| Asian | 57 | $24,845,000 | $435,000 | $2,675,000 | $243,000 | $1,054,000 |
| Hispanic | 36 | $9,240,000 | $256,000 | $965,000 | $157,000 | $475,000 |
| Black or African American | 17 | $2,915,000 | $171,000 | $465,000 | $203,000 | $758,000 |
| Not applicable | 13 | $44,345,000 | $3,411,000 | $13,615,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $720,000 | $180,000 | $255,000 | $244,000 | $369,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 600 | $271,910,000 | $453,000 | $13,615,000 | $291,000 | $5,189,000 |
| 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 | 379 | $185,335,000 | $489,000 | $13,615,000 | $273,000 | $2,389,000 |
| Application Denied By Financial Institution | 118 | $32,260,000 | $273,000 | $4,425,000 | $169,000 | $1,319,000 |
| Application Withdrawn By Applicant | 57 | $32,485,000 | $569,000 | $4,875,000 | $561,000 | $5,189,000 |
| File Closed For Incompleteness | 39 | $18,975,000 | $486,000 | $2,005,000 | $389,000 | $5,062,000 |
| Application Approved But Not Accepted | 7 | $2,855,000 | $407,000 | $1,195,000 | $514,000 | $986,000 |
| 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 | 482 | $239,650,000 | $497,000 | $13,615,000 | $321,000 | $5,189,000 |
| Debt-To-Income Ratio | 59 | $22,595,000 | $382,000 | $4,425,000 | $120,000 | $867,000 |
| Credit History | 35 | $5,195,000 | $148,000 | $545,000 | $160,000 | $395,000 |
| Collateral | 17 | $3,505,000 | $206,000 | $605,000 | $339,000 | $1,319,000 |
| Credit Application Incomplete | 6 | $910,000 | $151,000 | $285,000 | $201,000 | $556,000 |
| Unverifiable Information | 1 | $55,000 | $55,000 | $55,000 | $190,000 | $190,000 |
| Other | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Beacon Bank & Trust's 2024 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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