Hometown Funding, Inc. D/B/A Cnb Mortgage Company Mortgage Lending & HMDA Data, 2024
In 2024, Hometown Funding, Inc. D/B/A Cnb Mortgage Company of Pittsford, NY reported 1,226 mortgage applications totaling $334.1 million, up 2% from 2023. The average application was for $272,520, and applicants reported an average income of $158,796. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rochester, NY (997), Buffalo-Cheektowaga-Niagara Falls, NY (29) and Syracuse, NY (21) (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 | 1,226 |
| Total Mortgage Loan Application Amount | $334,110,000 |
| Average Mortgage Loan Application Amount | $272,520 |
| Highest Mortgage Loan Application Amount | $5,605,000 |
| Average Applicant Income | $158,796 |
| Highest Applicant Income | $3,315,000 |
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Inc. D/B/A Cnb Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 880 | $231,850,000 | $263,000 | $3,285,000 | $153,000 | $1,076,000 |
| Cash-out Refinancing | 260 | $72,490,000 | $278,000 | $5,605,000 | $168,000 | $3,315,000 |
| Refinancing | 85 | $29,315,000 | $344,000 | $2,745,000 | $190,000 | $2,434,000 |
| Home Improvement | 1 | $455,000 | $455,000 | $455,000 | $214,000 | $214,000 |
| 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 | 862 | $245,900,000 | $285,000 | $5,605,000 | $163,000 | $3,315,000 |
| Not applicable | 211 | $54,705,000 | $259,000 | $3,285,000 | $110,000 | $172,000 |
| Asian | 56 | $15,300,000 | $273,000 | $875,000 | $155,000 | $475,000 |
| Hispanic | 45 | $8,695,000 | $193,000 | $665,000 | $110,000 | $357,000 |
| Black or African American | 37 | $6,495,000 | $175,000 | $785,000 | $104,000 | $315,000 |
| Not Provided | 10 | $2,290,000 | $229,000 | $445,000 | $126,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $725,000 | $145,000 | $235,000 | $109,000 | $151,000 |
| American Indian or Alaskan Native | 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) | 1,193 | $326,765,000 | $273,000 | $5,605,000 | $160,000 | $3,315,000 |
| FHA-insured (Federal Housing Administration) | 24 | $4,340,000 | $180,000 | $315,000 | $68,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 9 | $3,005,000 | $333,000 | $715,000 | $122,000 | $188,000 |
| 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 | 1,091 | $296,615,000 | $271,000 | $5,605,000 | $161,000 | $3,315,000 |
| Application Approved But Not Accepted | 40 | $10,520,000 | $263,000 | $765,000 | $137,000 | $377,000 |
| Application Withdrawn By Applicant | 37 | $13,995,000 | $378,000 | $3,285,000 | $145,000 | $277,000 |
| Application Denied By Financial Institution | 34 | $6,830,000 | $200,000 | $445,000 | $89,000 | $194,000 |
| File Closed For Incompleteness | 17 | $4,245,000 | $249,000 | $645,000 | $137,000 | $300,000 |
| Preapproval Approved but not Accepted | 6 | $1,630,000 | $271,000 | $535,000 | $138,000 | $223,000 |
| Preapproval Denied by Financial Institution | 1 | $275,000 | $275,000 | $275,000 | $120,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,191 | $327,005,000 | $274,000 | $5,605,000 | $160,000 | $3,315,000 |
| Collateral | 14 | $3,280,000 | $234,000 | $445,000 | $119,000 | $168,000 |
| Debt-To-Income Ratio | 5 | $625,000 | $125,000 | $145,000 | $44,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $905,000 | $181,000 | $195,000 | $69,000 | $92,000 |
| Employment History | 4 | $980,000 | $245,000 | $425,000 | $79,000 | $166,000 |
| Other | 3 | $285,000 | $95,000 | $195,000 | $74,000 | $117,000 |
| Unverifiable Information | 2 | $720,000 | $360,000 | $385,000 | $182,000 | $194,000 |
| Credit History | 2 | $310,000 | $155,000 | $245,000 | $60,000 | $68,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2024 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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