Hometown Funding, Inc. D/B/A Cnb Mortgage Company Mortgage Lending & HMDA Data, 2022
In 2022, Hometown Funding, Inc. D/B/A Cnb Mortgage Company of Pittsford, NY reported 1,865 mortgage applications totaling $475.3 million, down 37% from 2021. The average application was for $254,876, and applicants reported an average income of $141,366. 86% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Rochester, NY (1,578), Buffalo-Cheektowaga-Niagara Falls, NY (34) and Syracuse, NY (23) (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 | 1,865 |
| Total Mortgage Loan Application Amount | $475,345,000 |
| Average Mortgage Loan Application Amount | $254,876 |
| Highest Mortgage Loan Application Amount | $4,425,000 |
| Average Applicant Income | $141,366 |
| Highest Applicant Income | $4,483,000 |
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Inc. D/B/A Cnb Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 Purchase | 1,258 | $326,990,000 | $259,000 | $4,425,000 | $138,000 | $1,115,000 |
| Cash-out Refinancing | 441 | $108,725,000 | $246,000 | $1,655,000 | $156,000 | $4,483,000 |
| Refinancing | 166 | $39,630,000 | $238,000 | $1,395,000 | $128,000 | $563,000 |
| 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 | 1,384 | $366,350,000 | $264,000 | $4,425,000 | $143,000 | $4,483,000 |
| Not applicable | 207 | $47,815,000 | $230,000 | $1,305,000 | $135,000 | $135,000 |
| Asian | 99 | $21,325,000 | $215,000 | $725,000 | $111,000 | $800,000 |
| Not Provided | 76 | $22,810,000 | $300,000 | $2,885,000 | $178,000 | $954,000 |
| Black or African American | 50 | $7,480,000 | $149,000 | $655,000 | $93,000 | $400,000 |
| Hispanic | 46 | $9,000,000 | $195,000 | $675,000 | $113,000 | $311,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $162,000 | $162,000 |
| 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) | 1,799 | $463,715,000 | $257,000 | $4,425,000 | $144,000 | $4,483,000 |
| FHA-insured (Federal Housing Administration) | 52 | $7,990,000 | $153,000 | $325,000 | $57,000 | $145,000 |
| VA-guaranteed (Veterans Administration) | 14 | $3,640,000 | $260,000 | $445,000 | $97,000 | $174,000 |
| 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 | 1,611 | $404,455,000 | $251,000 | $2,625,000 | $137,000 | $2,086,000 |
| Application Approved But Not Accepted | 105 | $25,975,000 | $247,000 | $1,395,000 | $147,000 | $675,000 |
| Application Denied By Financial Institution | 87 | $26,685,000 | $306,000 | $4,425,000 | $175,000 | $4,483,000 |
| Application Withdrawn By Applicant | 57 | $16,135,000 | $283,000 | $2,005,000 | $156,000 | $800,000 |
| File Closed For Incompleteness | 5 | $2,095,000 | $419,000 | $815,000 | $269,000 | $488,000 |
| 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 | 1,778 | $448,660,000 | $252,000 | $2,625,000 | $139,000 | $2,086,000 |
| Debt-To-Income Ratio | 34 | $6,920,000 | $203,000 | $495,000 | $89,000 | $836,000 |
| Collateral | 24 | $7,040,000 | $293,000 | $725,000 | $348,000 | $4,483,000 |
| Other | 9 | $4,665,000 | $518,000 | $2,885,000 | $187,000 | $954,000 |
| Credit History | 9 | $1,255,000 | $139,000 | $205,000 | $91,000 | $174,000 |
| Employment History | 6 | $1,400,000 | $233,000 | $485,000 | $54,000 | $106,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $4,975,000 | $1,658,000 | $4,425,000 | $384,000 | $1,012,000 |
| Unverifiable Information | 1 | $325,000 | $325,000 | $325,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $105,000 | $105,000 | $105,000 | $43,000 | $43,000 |
| 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 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 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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