Beacon Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Beacon Bank & Trust of Albany, NY reported 940 mortgage applications totaling $729.2 million, up 2% from 2021. The average application was for $775,781, and applicants reported an average income of $242,726. 71% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (509), Boston, MA (340) and Barnstable Town, MA (20) (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 | 940 |
| Total Mortgage Loan Application Amount | $729,235,000 |
| Average Mortgage Loan Application Amount | $775,781 |
| Highest Mortgage Loan Application Amount | $58,005,000 |
| Average Applicant Income | $242,726 |
| Highest Applicant Income | $6,280,000 |
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Act (HMDA) records Beacon Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 509 | $ 155,240,000 | $ 304,990 | $ 203,000 |
| Boston, MA | 340 | $ 318,630,000 | $ 937,147 | $ 281,000 |
| Barnstable Town, MA | 20 | $ 9,420,000 | $ 471,000 | $ 393,000 |
| Providence-Warwick, RI-MA | 20 | $ 140,830,000 | $ 7,041,500 | $ 165,300 |
| Worcester, MA-CT | 20 | $ 4,940,000 | $ 247,000 | $ 133,000 |
| Outside any metro area | 7 | $ 58,805,000 | $ 8,400,714 | $ 468,142 |
| Rockingham County-Strafford County, NH | 7 | $ 2,295,000 | $ 327,857 | $ 191,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 5,205,000 | $ 1,735,000 | $ 1,554,000 |
| New Haven-Milford, CT | 2 | $ 820,000 | $ 410,000 | $ 460,000 |
| Pittsfield, MA | 2 | $ 440,000 | $ 220,000 | $ 160,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 4,090,000 | $ 2,045,000 | $ 816,000 |
| Bangor, ME | 1 | $ 22,005,000 | $ 22,005,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 186,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 305,000 | $ 305,000 | $ 66,000 |
| Manchester-Nashua, NH | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 4,355,000 | $ 4,355,000 | $ 1,095,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 755,000 | $ 755,000 | $ 296,000 |
| Portland-South Portland, ME | 1 | $ 355,000 | $ 355,000 | $ 181,000 |
| Springfield, MA | 1 | $ 415,000 | $ 415,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for Beacon Bank & Trust in 2022
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 | 376 | $109,440,000 | $291,000 | $20,005,000 | $232,000 | $4,331,000 |
| Refinancing | 251 | $376,355,000 | $1,499,000 | $58,005,000 | $229,000 | $3,555,000 |
| Home Purchase | 167 | $206,110,000 | $1,256,000 | $54,425,000 | $310,000 | $6,280,000 |
| Other Purpose | 146 | $37,330,000 | $255,000 | $3,155,000 | $217,000 | $1,688,000 |
| 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 | 604 | $180,210,000 | $298,000 | $2,305,000 | $224,000 | $2,654,000 |
| Not Provided | 176 | $86,050,000 | $488,000 | $4,355,000 | $318,000 | $6,280,000 |
| Not applicable | 41 | $431,140,000 | $11,345,000 | $58,005,000 | $0 | $0 |
| Asian | 41 | $11,905,000 | $290,000 | $1,205,000 | $228,000 | $897,000 |
| Hispanic | 32 | $8,120,000 | $253,000 | $765,000 | $172,000 | $755,000 |
| Black or African American | 25 | $6,145,000 | $245,000 | $745,000 | $325,000 | $4,331,000 |
| American Indian or Alaskan Native | 2 | $610,000 | $305,000 | $405,000 | $400,000 | $640,000 |
| 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) | 940 | $729,235,000 | $778,000 | $58,005,000 | $242,000 | $6,280,000 |
| 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 | 669 | $645,420,000 | $969,000 | $58,005,000 | $248,000 | $3,555,000 |
| Application Denied By Financial Institution | 160 | $42,380,000 | $264,000 | $1,505,000 | $170,000 | $4,331,000 |
| Application Withdrawn By Applicant | 65 | $27,185,000 | $418,000 | $2,005,000 | $365,000 | $6,280,000 |
| File Closed For Incompleteness | 28 | $9,920,000 | $354,000 | $2,005,000 | $222,000 | $1,171,000 |
| Application Approved But Not Accepted | 18 | $4,330,000 | $240,000 | $905,000 | $233,000 | $830,000 |
| 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 | 780 | $686,855,000 | $883,000 | $58,005,000 | $257,000 | $6,280,000 |
| Debt-To-Income Ratio | 74 | $22,820,000 | $308,000 | $1,205,000 | $84,000 | $272,000 |
| Credit History | 39 | $5,415,000 | $138,000 | $575,000 | $256,000 | $4,331,000 |
| Other | 19 | $6,175,000 | $325,000 | $865,000 | $239,000 | $915,000 |
| Collateral | 17 | $3,005,000 | $176,000 | $605,000 | $220,000 | $491,000 |
| Unverifiable Information | 8 | $3,950,000 | $493,000 | $1,505,000 | $230,000 | $450,000 |
| Employment History | 2 | $510,000 | $255,000 | $305,000 | $137,000 | $183,000 |
| Credit Application Incomplete | 1 | $505,000 | $505,000 | $505,000 | $406,000 | $406,000 |
| 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 2022 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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