Hometown Funding, Inc. D/B/A Cnb Mortgage Company Mortgage Lending & HMDA Data, 2014
In 2014, Hometown Funding, Inc. D/B/A Cnb Mortgage Company of Pittsford, NY reported 1,483 mortgage applications totaling $244.5 million, down 27% from 2013. The average application was for $164,886, and applicants reported an average income of $118,451. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rochester, NY (1,368), Buffalo-Cheektowaga-Niagara Falls, NY (11) and North Port-Sarasota-Bradenton, FL (9) (applications in parentheses).
| Mortgage Company & Address | Hometown Funding, Inc. D/B/A Cnb Mortgage Company 63 A Monroe Avenue Pittsford, NY 14534 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 2011 2010 |
| Total Number of Mortgage Applications | 1,483 |
| Total Mortgage Loan Application Amount | $244,527,000 |
| Average Mortgage Loan Application Amount | $164,886 |
| Highest Mortgage Loan Application Amount | $3,680,000 |
| Average Applicant Income | $118,451 |
| Highest Applicant Income | $4,042,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hometown Funding, Inc. D/B/A Cnb Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Hometown Funding, Inc. D/B/A Cnb Mortgage Company in 2014
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 Purchase | 1,041 | $162,287,000 | $155,000 | $1,260,000 | $111,000 | $1,563,000 |
| Refinancing | 442 | $82,240,000 | $186,000 | $3,680,000 | $136,000 | $4,042,000 |
| Home Improvement | 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 | 1,308 | $219,246,000 | $167,000 | $3,680,000 | $114,000 | $4,042,000 |
| Not applicable | 70 | $8,198,000 | $117,000 | $714,000 | $222,000 | $1,649,000 |
| Asian | 43 | $7,663,000 | $178,000 | $1,228,000 | $137,000 | $930,000 |
| Black or African American | 30 | $3,885,000 | $129,000 | $398,000 | $75,000 | $412,000 |
| Hispanic | 24 | $3,868,000 | $161,000 | $707,000 | $94,000 | $425,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $856,000 | $214,000 | $276,000 | $130,000 | $158,000 |
| Not Provided | 2 | $498,000 | $249,000 | $396,000 | $189,000 | $306,000 |
| American Indian or Alaskan Native | 2 | $313,000 | $156,000 | $185,000 | $74,000 | $104,000 |
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) | 1,260 | $218,880,000 | $173,000 | $3,680,000 | $129,000 | $4,042,000 |
| FHA-insured (Federal Housing Administration) | 203 | $22,541,000 | $111,000 | $254,000 | $56,000 | $188,000 |
| VA-guaranteed (Veterans Administration) | 20 | $3,106,000 | $155,000 | $325,000 | $78,000 | $213,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,232 | $203,461,000 | $165,000 | $3,680,000 | $125,000 | $4,042,000 |
| Application Denied By Financial Institution | 114 | $17,302,000 | $151,000 | $648,000 | $82,000 | $457,000 |
| Application Approved But Not Accepted | 71 | $11,765,000 | $165,000 | $641,000 | $94,000 | $386,000 |
| Application Withdrawn By Applicant | 53 | $9,786,000 | $184,000 | $1,228,000 | $91,000 | $450,000 |
| Preapproval Denied by Financial Institution | 6 | $719,000 | $119,000 | $238,000 | $56,000 | $103,000 |
| Preapproval Approved but not Accepted | 4 | $627,000 | $156,000 | $380,000 | $105,000 | $279,000 |
| File Closed For Incompleteness | 3 | $867,000 | $289,000 | $754,000 | $110,000 | $196,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 54 | $8,326,000 | $154,000 | $473,000 | $67,000 | $223,000 |
| Credit History | 23 | $3,019,000 | $131,000 | $320,000 | $78,000 | $252,000 |
| Collateral | 16 | $2,618,000 | $163,000 | $648,000 | $97,000 | $273,000 |
| Other | 10 | $1,667,000 | $166,000 | $325,000 | $116,000 | $218,000 |
| Employment History | 8 | $1,033,000 | $129,000 | $181,000 | $55,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $627,000 | $125,000 | $300,000 | $83,000 | $184,000 |
| Unverifiable Information | 4 | $731,000 | $182,000 | $412,000 | $191,000 | $457,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hometown Funding, Inc. D/B/A Cnb Mortgage Company's 2014 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 Hometown Funding, Inc. D/B/A Cnb Mortgage Company'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.
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