Hometown Funding, Inc. D/B/A Cnb Mortgage Company Mortgage Lending & HMDA Data, 2020
In 2020, Hometown Funding, Inc. D/B/A Cnb Mortgage Company of Pittsford, NY reported 3,489 mortgage applications totaling $740.4 million, up 105% from 2019. The average application was for $212,216, and applicants reported an average income of $143,246. 90% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rochester, NY (3,150), Buffalo-Cheektowaga-Niagara Falls, NY (42) and Syracuse, NY (26) (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 | 3,489 |
| Total Mortgage Loan Application Amount | $740,425,000 |
| Average Mortgage Loan Application Amount | $212,216 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $143,246 |
| Highest Applicant Income | $4,552,000 |
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Inc. D/B/A Cnb Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 | 1,564 | $334,960,000 | $214,000 | $4,005,000 | $131,000 | $3,612,000 |
| Refinancing | 1,127 | $242,355,000 | $215,000 | $1,495,000 | $159,000 | $3,971,000 |
| Cash-out Refinancing | 798 | $163,110,000 | $204,000 | $1,635,000 | $145,000 | $4,552,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 2,924 | $633,070,000 | $216,000 | $4,005,000 | $147,000 | $4,552,000 |
| Not applicable | 175 | $34,695,000 | $198,000 | $1,155,000 | $0 | $0 |
| Not Provided | 126 | $26,650,000 | $211,000 | $825,000 | $133,000 | $645,000 |
| Asian | 125 | $24,825,000 | $198,000 | $1,205,000 | $122,000 | $1,332,000 |
| Black or African American | 75 | $9,985,000 | $133,000 | $565,000 | $69,000 | $240,000 |
| Hispanic | 60 | $10,560,000 | $176,000 | $505,000 | $143,000 | $789,000 |
| American Indian or Alaskan Native | 3 | $445,000 | $148,000 | $315,000 | $118,000 | $326,000 |
| 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) | 3,316 | $714,420,000 | $215,000 | $4,005,000 | $148,000 | $4,552,000 |
| FHA-insured (Federal Housing Administration) | 115 | $15,965,000 | $138,000 | $315,000 | $55,000 | $283,000 |
| VA-guaranteed (Veterans Administration) | 34 | $6,910,000 | $203,000 | $455,000 | $89,000 | $174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $3,130,000 | $130,000 | $175,000 | $55,000 | $100,000 |
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 | 3,144 | $663,690,000 | $211,000 | $4,005,000 | $143,000 | $4,552,000 |
| Application Denied By Financial Institution | 138 | $26,930,000 | $195,000 | $655,000 | $122,000 | $1,200,000 |
| Application Approved But Not Accepted | 102 | $24,150,000 | $236,000 | $1,155,000 | $153,000 | $1,608,000 |
| Application Withdrawn By Applicant | 94 | $23,630,000 | $251,000 | $1,935,000 | $193,000 | $3,900,000 |
| File Closed For Incompleteness | 11 | $2,025,000 | $184,000 | $485,000 | $147,000 | $333,000 |
| 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 | 3,351 | $713,495,000 | $212,000 | $4,005,000 | $144,000 | $4,552,000 |
| Debt-To-Income Ratio | 55 | $9,505,000 | $172,000 | $515,000 | $69,000 | $187,000 |
| Collateral | 25 | $5,715,000 | $228,000 | $515,000 | $176,000 | $570,000 |
| Other | 19 | $3,815,000 | $200,000 | $635,000 | $135,000 | $475,000 |
| Credit History | 16 | $3,080,000 | $192,000 | $485,000 | $216,000 | $1,200,000 |
| Employment History | 8 | $1,150,000 | $143,000 | $195,000 | $79,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,095,000 | $299,000 | $655,000 | $79,000 | $190,000 |
| Unverifiable Information | 7 | $1,235,000 | $176,000 | $345,000 | $86,000 | $173,000 |
| Mortgage Insurance Denied | 1 | $335,000 | $335,000 | $335,000 | $789,000 | $789,000 |
| Credit Application Incomplete | 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 2020 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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