Hometown Funding, Inc. D/B/A Cnb Mortgage Company Mortgage Lending & HMDA Data, 2016
In 2016, Hometown Funding, Inc. D/B/A Cnb Mortgage Company of Pittsford, NY reported 1,840 mortgage applications totaling $323.6 million, up 7% from 2015. The average application was for $175,861, and applicants reported an average income of $109,254. 85% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rochester, NY (1,719), Buffalo-Cheektowaga-Niagara Falls, NY (14) and North Port-Sarasota-Bradenton, FL (8) (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 | 1,840 |
| Total Mortgage Loan Application Amount | $323,586,000 |
| Average Mortgage Loan Application Amount | $175,861 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $109,254 |
| Highest Applicant Income | $1,652,000 |
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Inc. D/B/A Cnb Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 1,239 | $205,438,000 | $165,000 | $950,000 | $108,000 | $1,482,000 |
| Refinancing | 600 | $118,056,000 | $196,000 | $1,800,000 | $112,000 | $1,652,000 |
| Home Improvement | 1 | $92,000 | $92,000 | $92,000 | $16,000 | $16,000 |
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 | 1,626 | $290,077,000 | $178,000 | $1,800,000 | $116,000 | $1,652,000 |
| Not applicable | 75 | $12,920,000 | $172,000 | $842,000 | $0 | $0 |
| Asian | 64 | $11,232,000 | $175,000 | $750,000 | $104,000 | $712,000 |
| Black or African American | 44 | $5,341,000 | $121,000 | $340,000 | $69,000 | $246,000 |
| Hispanic | 27 | $3,498,000 | $129,000 | $295,000 | $70,000 | $170,000 |
| Not Provided | 3 | $318,000 | $106,000 | $113,000 | $122,000 | $175,000 |
| American Indian or Alaskan Native | 1 | $200,000 | $200,000 | $200,000 | $57,000 | $57,000 |
| Native Hawaiin 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) | 1,499 | $280,203,000 | $186,000 | $1,800,000 | $120,000 | $1,652,000 |
| FHA-insured (Federal Housing Administration) | 267 | $33,023,000 | $123,000 | $256,000 | $58,000 | $164,000 |
| VA-guaranteed (Veterans Administration) | 60 | $8,909,000 | $148,000 | $268,000 | $76,000 | $229,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $1,451,000 | $103,000 | $159,000 | $44,000 | $79,000 |
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 | 1,561 | $274,158,000 | $175,000 | $1,800,000 | $111,000 | $1,652,000 |
| Application Denied By Financial Institution | 142 | $22,733,000 | $160,000 | $746,000 | $76,000 | $726,000 |
| Application Approved But Not Accepted | 74 | $15,510,000 | $209,000 | $1,100,000 | $132,000 | $1,304,000 |
| Application Withdrawn By Applicant | 54 | $9,723,000 | $180,000 | $842,000 | $99,000 | $366,000 |
| File Closed For Incompleteness | 9 | $1,462,000 | $162,000 | $296,000 | $130,000 | $619,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 53 | $8,194,000 | $154,000 | $610,000 | $63,000 | $220,000 |
| Other | 32 | $5,798,000 | $181,000 | $746,000 | $74,000 | $483,000 |
| Collateral | 27 | $4,766,000 | $176,000 | $496,000 | $129,000 | $726,000 |
| Credit History | 18 | $2,411,000 | $133,000 | $340,000 | $50,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $857,000 | $142,000 | $244,000 | $67,000 | $141,000 |
| Unverifiable Information | 4 | $502,000 | $125,000 | $147,000 | $58,000 | $150,000 |
| Employment History | 2 | $205,000 | $102,000 | $136,000 | $40,000 | $54,000 |
| 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 2016 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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