First Niagara Bank Mortgage Lending & HMDA Data, 2016

In 2016, First Niagara Bank of Buffalo, NY reported 8,505 mortgage applications totaling $1.9 billion, down 17% from 2015. The average application was for $221,424, and applicants reported an average income of $115,077. 69% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Buffalo-Cheektowaga-Niagara Falls, NY (2,316), Rochester, NY (659) and Pittsburgh, PA (577) (applications in parentheses).

Mortgage Company & Address First Niagara Bank
726 Exchange Street Suite 618
Buffalo, NY 14210
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 8,505
Total Mortgage Loan Application Amount $1,883,212,000
Average Mortgage Loan Application Amount $221,424
Highest Mortgage Loan Application Amount $24,800,000
Average Applicant Income $115,077
Highest Applicant Income $7,081,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Niagara Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for First Niagara Bank by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Erie, New York 1,828 $ 299,940,000 $ 164,080 $ 90,000
Monroe, New York 531 $ 63,817,000 $ 120,182 $ 68,000
Niagara, New York 488 $ 52,333,000 $ 107,239 $ 67,000
New Haven, Connecticut 483 $ 106,535,000 $ 220,569 $ 94,000
Fairfield, Connecticut 392 $ 302,668,000 $ 772,112 $ 316,000
Allegheny, Pennsylvania 348 $ 52,578,000 $ 151,086 $ 116,000
Hampden, Massachusetts 259 $ 45,809,000 $ 176,868 $ 76,000
Hartford, Connecticut 254 $ 50,188,000 $ 197,590 $ 101,000
Oneida, New York 219 $ 24,620,000 $ 112,420 $ 73,000
Montgomery, Pennsylvania 211 $ 47,938,000 $ 227,194 $ 121,000
Albany, New York 164 $ 31,667,000 $ 193,091 $ 117,000
Tolland, Connecticut 147 $ 25,998,000 $ 176,857 $ 112,000
Saratoga, New York 143 $ 50,021,000 $ 349,797 $ 133,000
Onondaga, New York 109 $ 10,636,000 $ 97,577 $ 76,000
Rockland, New York 105 $ 26,809,000 $ 255,323 $ 148,000
Chautauqua, New York 102 $ 9,756,000 $ 95,647 $ 80,000
Philadelphia, Pennsylvania 90 $ 30,507,000 $ 338,966 $ 198,000
Columbia, New York 81 $ 15,033,000 $ 185,592 $ 132,000
Chester, Pennsylvania 78 $ 20,077,000 $ 257,397 $ 145,000
Westchester, New York 77 $ 37,656,000 $ 489,038 $ 246,000
Bucks, Pennsylvania 75 $ 18,113,000 $ 241,506 $ 134,000
Orange, New York 74 $ 15,065,000 $ 203,581 $ 127,000
Erie, Pennsylvania 72 $ 9,726,000 $ 135,083 $ 98,000
Broome, New York 71 $ 5,872,000 $ 82,704 $ 63,000
Rensselaer, New York 69 $ 11,581,000 $ 167,840 $ 73,000
Westmoreland, Pennsylvania 69 $ 7,496,000 $ 108,637 $ 68,000
Middlesex, Connecticut 68 $ 17,254,000 $ 253,735 $ 132,000
Middlesex, Massachusetts 67 $ 42,606,000 $ 635,910 $ 232,000
Cayuga, New York 66 $ 6,618,000 $ 100,272 $ 71,000
Washington, Pennsylvania 64 $ 9,492,000 $ 148,312 $ 125,000
St. Lawrence, New York 60 $ 7,233,000 $ 120,550 $ 98,000
Genesee, New York 56 $ 5,884,000 $ 105,071 $ 66,000
Orleans, New York 55 $ 3,583,000 $ 65,145 $ 58,000
Schenectady, New York 55 $ 8,813,000 $ 160,236 $ 105,000
Fayette, Pennsylvania 54 $ 5,561,000 $ 102,981 $ 69,000
Jefferson, New York 52 $ 5,048,000 $ 97,076 $ 74,000
Windham, Connecticut 51 $ 8,331,000 $ 163,352 $ 67,000
Dutchess, New York 51 $ 11,131,000 $ 218,254 $ 107,000
Fulton, New York 50 $ 5,592,000 $ 111,840 $ 106,000
Montgomery, New York 43 $ 3,043,000 $ 70,767 $ 75,000
Cortland, New York 42 $ 3,953,000 $ 94,119 $ 64,000
Lehigh, Pennsylvania 37 $ 7,033,000 $ 190,081 $ 104,000
Hampshire, Massachusetts 36 $ 8,194,000 $ 227,611 $ 121,000
Norfolk, Massachusetts 36 $ 25,570,000 $ 710,277 $ 240,000
Wyoming, New York 33 $ 2,993,000 $ 90,696 $ 49,000
Greene, New York 32 $ 4,450,000 $ 139,062 $ 90,000
Sullivan, New York 32 $ 3,363,000 $ 105,093 $ 88,000
Carbon, Pennsylvania 32 $ 3,518,000 $ 109,937 $ 78,000
Tompkins, New York 30 $ 6,245,000 $ 208,166 $ 117,000
Butler, Pennsylvania 29 $ 5,921,000 $ 204,172 $ 109,000
Wayne, New York 28 $ 5,071,000 $ 181,107 $ 95,000
Ontario, New York 27 $ 5,667,000 $ 209,888 $ 138,000
New London, Connecticut 26 $ 5,992,000 $ 230,461 $ 91,000
Essex, Massachusetts 26 $ 15,676,000 $ 602,923 $ 233,000
Berks, Pennsylvania 26 $ 3,931,000 $ 151,192 $ 91,000
Franklin, New York 25 $ 2,011,000 $ 80,440 $ 79,000
Suffolk, Massachusetts 24 $ 14,226,000 $ 592,750 $ 335,000
Northampton, Pennsylvania 23 $ 2,393,000 $ 104,043 $ 98,000
Nassau, New York 21 $ 11,220,000 $ 534,285 $ 274,000
Delaware, Pennsylvania 21 $ 6,167,000 $ 293,666 $ 128,000
Cattaraugus, New York 20 $ 2,080,000 $ 104,000 $ 190,000
Madison, New York 20 $ 2,450,000 $ 122,500 $ 144,000
Putnam, New York 20 $ 5,275,000 $ 263,750 $ 140,000
Livingston, New York 17 $ 2,363,000 $ 139,000 $ 98,000
Herkimer, New York 16 $ 2,726,000 $ 170,375 $ 74,000
Kings, New York 16 $ 36,790,000 $ 2,299,375 $ 630,000
Crawford, Pennsylvania 16 $ 1,353,000 $ 84,562 $ 60,000
Warren, Pennsylvania 16 $ 1,689,000 $ 105,562 $ 68,000
Worcester, Massachusetts 14 $ 3,034,000 $ 216,714 $ 84,000
Bergen, New Jersey 14 $ 5,657,000 $ 404,071 $ 175,000
Palm Beach, Florida 13 $ 5,142,000 $ 395,538 $ 553,000
Plymouth, Massachusetts 12 $ 4,232,000 $ 352,666 $ 108,000
Ulster, New York 11 $ 1,439,000 $ 130,818 $ 68,000
Beaver, Pennsylvania 11 $ 852,000 $ 77,454 $ 87,000
Bronx, New York 10 $ 24,804,000 $ 2,480,400 $ 92,000
New York, New York 10 $ 12,604,000 $ 1,260,400 $ 323,000
Queens, New York 10 $ 6,971,000 $ 697,100 $ 406,000
Litchfield, Connecticut 9 $ 4,361,000 $ 484,555 $ 271,000
Essex, New York 9 $ 1,655,000 $ 183,888 $ 138,000
Otsego, New York 9 $ 1,239,000 $ 137,666 $ 106,000
Suffolk, New York 9 $ 5,045,000 $ 560,555 $ 370,000
Washington, New York 9 $ 2,651,000 $ 294,555 $ 174,000
Barnstable, Massachusetts 8 $ 3,760,000 $ 470,000 $ 256,000
Bristol, Massachusetts 8 $ 2,192,000 $ 274,000 $ 83,000
Nantucket, Massachusetts 8 $ 9,502,000 $ 1,187,750 $ 369,000
Cape May, New Jersey 8 $ 5,519,000 $ 689,875 $ 413,000
Hudson, New Jersey 8 $ 2,501,000 $ 312,625 $ 620,000
Warren, New York 8 $ 2,529,000 $ 316,125 $ 357,000
Sussex, Delaware 7 $ 4,760,000 $ 680,000 $ 280,000
Collier, Florida 7 $ 2,417,000 $ 345,285 $ 214,000
Ocean, New Jersey 7 $ 1,520,000 $ 217,142 $ 255,000
Lewis, New York 7 $ 1,026,000 $ 146,571 $ 72,000
Oswego, New York 7 $ 726,000 $ 103,714 $ 87,000
Seneca, New York 7 $ 1,443,000 $ 206,142 $ 91,000
Monroe, Pennsylvania 7 $ 937,000 $ 133,857 $ 93,000
Brevard, Florida 6 $ 1,054,000 $ 175,666 $ 147,000
Passaic, New Jersey 6 $ 1,745,000 $ 290,833 $ 136,000
Allegany, New York 6 $ 592,000 $ 98,666 $ 76,000
Chenango, New York 6 $ 583,000 $ 97,166 $ 49,000
Hamilton, New York 6 $ 1,022,000 $ 170,333 $ 125,000
Tioga, New York 6 $ 672,000 $ 112,000 $ 82,000
Lancaster, Pennsylvania 6 $ 1,122,000 $ 187,000 $ 91,000
Lee, Florida 5 $ 2,511,000 $ 502,200 $ 294,000
Delaware, New York 5 $ 549,000 $ 109,800 $ 68,000
Indian River, Florida 4 $ 745,000 $ 186,250 $ 262,000
Pinellas, Florida 4 $ 631,000 $ 157,750 $ 187,000
Atlantic, New Jersey 4 $ 1,358,000 $ 339,500 $ 199,000
Middlesex, New Jersey 4 $ 1,070,000 $ 267,500 $ 168,000
Chemung, New York 4 $ 725,000 $ 181,250 $ 116,000
Schoharie, New York 4 $ 583,000 $ 145,750 $ 53,000
Broward, Florida 3 $ 461,000 $ 153,666 $ 88,000
Osceola, Florida 3 $ 482,000 $ 160,666 $ 141,000
Volusia, Florida 3 $ 561,000 $ 187,000 $ 99,000
Essex, New Jersey 3 $ 1,291,000 $ 430,333 $ 295,000
Richmond, New York 3 $ 1,361,000 $ 453,666 $ 139,000
Cambria, Pennsylvania 3 $ 225,000 $ 75,000 $ 72,000
Centre, Pennsylvania 3 $ 342,000 $ 114,000 $ 61,000
Lawrence, Pennsylvania 3 $ 274,000 $ 91,333 $ 56,000
Venango, Pennsylvania 3 $ 237,000 $ 79,000 $ 25,000
York, Pennsylvania 3 $ 302,000 $ 100,666 $ 56,000
Hillsborough, Florida 2 $ 303,000 $ 151,500 $ 80,000
Miami-Dade, Florida 2 $ 610,000 $ 305,000 $ 81,000
Berkshire, Massachusetts 2 $ 330,000 $ 165,000 $ 109,000
Monmouth, New Jersey 2 $ 617,000 $ 308,500 $ 225,000
Sussex, New Jersey 2 $ 596,000 $ 298,000 $ 115,000
Clinton, New York 2 $ 180,000 $ 90,000 $ 49,000
Armstrong, Pennsylvania 2 $ 232,000 $ 116,000 $ 81,000
Cumberland, Pennsylvania 2 $ 605,000 $ 302,500 $ 181,000
Indiana, Pennsylvania 2 $ 194,000 $ 97,000 $ 49,000
Lackawanna, Pennsylvania 2 $ 11,208,000 $ 5,604,000 $ 20,000
McKean, Pennsylvania 2 $ 179,000 $ 89,500 $ 76,000
Pike, Pennsylvania 2 $ 179,000 $ 89,500 $ 72,000
Schuylkill, Pennsylvania 2 $ 63,000 $ 31,500 $ 14,000
Wayne, Pennsylvania 2 $ 280,000 $ 140,000 $ 102,000
Washington, Rhode Island 2 $ 1,012,000 $ 506,000 $ 262,000
New Castle, Delaware 1 $ 228,000 $ 228,000 $ 256,000
Citrus, Florida 1 $ 194,000 $ 194,000 $ 91,000
Duval, Florida 1 $ 150,000 $ 150,000 $ 69,000
Flagler, Florida 1 $ 144,000 $ 144,000 $ 85,000
Martin, Florida 1 $ 260,000 $ 260,000 $ 190,000
Monroe, Florida 1 $ 1,380,000 $ 1,380,000 $ 2,278,000
Orange, Florida 1 $ 370,000 $ 370,000 $ 90,000
Polk, Florida 1 $ 90,000 $ 90,000 $ 133,000
Sarasota, Florida 1 $ 294,000 $ 294,000 $ 185,000
Sumter, Florida 1 $ 177,000 $ 177,000 $ 83,000
Dukes, Massachusetts 1 $ 1,400,000 $ 1,400,000 $ 810,000
Burlington, New Jersey 1 $ 1,280,000 $ 1,280,000 $ 300,000
Camden, New Jersey 1 $ 279,000 $ 279,000 $ 100,000
Gloucester, New Jersey 1 $ 94,000 $ 94,000 $ 33,000
Morris, New Jersey 1 $ 392,000 $ 392,000 $ 149,000
Somerset, New Jersey 1 $ 302,000 $ 302,000 $ 127,000
Steuben, New York 1 $ 264,000 $ 264,000 $ 328,000
Yates, New York 1 $ 177,000 $ 177,000 $ 61,000
Adams, Pennsylvania 1 $ 125,000 $ 125,000 $ 89,000
Blair, Pennsylvania 1 $ 71,000 $ 71,000 $ 20,000
Bradford, Pennsylvania 1 $ 10,000 $ 10,000 $ 175,000
Clarion, Pennsylvania 1 $ 214,000 $ 214,000 $ 119,000
Forest, Pennsylvania 1 $ 32,000 $ 32,000 $ 93,000
Greene, Pennsylvania 1 $ 83,000 $ 83,000 $ 67,000
Luzerne, Pennsylvania 1 $ 83,000 $ 83,000 $ 297,000
Potter, Pennsylvania 1 $ 114,000 $ 114,000 $ 113,000
Tioga, Pennsylvania 1 $ 106,000 $ 106,000 $ 51,000
Kent, Rhode Island 1 $ 179,000 $ 179,000 $ 100,000
Newport, Rhode Island 1 $ 387,000 $ 387,000 $ 211,000
Horry, South Carolina 1 $ 216,000 $ 216,000 $ 523,000
Hancock, West Virginia 1 $ 10,000 $ 10,000 $ 48,000
Marion, West Virginia 1 $ 121,000 $ 121,000 $ 27,000
Monongalia, West Virginia 1 $ 186,000 $ 186,000 $ 82,000
Preston, West Virginia 1 $ 57,000 $ 57,000 $ 27,000

Mortgage Loan Application Detail Totals for First Niagara Bank 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 4,991 $1,063,745,000 $213,000 $24,219,000 $103,000 $3,672,000
Refinancing 2,711 $773,688,000 $285,000 $24,800,000 $148,000 $7,081,000
Home Improvement 803 $45,779,000 $57,000 $2,675,000 $79,000 $519,000

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 6,473 $1,374,132,000 $212,000 $4,550,000 $119,000 $7,081,000
Not Provided 872 $168,326,000 $193,000 $1,800,000 $118,000 $1,378,000
Black or African American 373 $46,497,000 $124,000 $1,320,000 $72,000 $690,000
Asian 362 $89,541,000 $247,000 $2,275,000 $133,000 $1,885,000
Hispanic 312 $45,474,000 $145,000 $1,350,000 $77,000 $1,227,000
Not applicable 63 $152,141,000 $2,414,000 $24,800,000 $0 $0
American Indian or Alaskan Native 35 $5,721,000 $163,000 $664,000 $90,000 $333,000
Native Hawaiin or Other Pacific Islander 15 $1,380,000 $92,000 $149,000 $97,000 $419,000

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) 7,426 $1,743,203,000 $234,000 $24,800,000 $124,000 $7,081,000
FHA-insured (Federal Housing Administration) 877 $110,633,000 $126,000 $638,000 $53,000 $312,000
VA-guaranteed (Veterans Administration) 136 $22,106,000 $162,000 $417,000 $70,000 $259,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 66 $7,270,000 $110,000 $221,000 $47,000 $95,000

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 5,888 $1,340,208,000 $227,000 $24,800,000 $114,000 $3,715,000
Application Denied By Financial Institution 1,163 $188,145,000 $161,000 $3,600,000 $89,000 $1,885,000
File Closed For Incompleteness 768 $183,549,000 $238,000 $2,240,000 $141,000 $2,278,000
Application Withdrawn By Applicant 341 $92,177,000 $270,000 $1,925,000 $148,000 $7,081,000
Application Approved But Not Accepted 310 $71,405,000 $230,000 $1,776,000 $126,000 $1,523,000
Preapproval Denied by Financial Institution 30 $7,191,000 $239,000 $2,450,000 $126,000 $2,300,000
Loan Purchased By The Institution 5 $537,000 $107,000 $177,000 $0 $0
Preapproval Approved but not Accepted 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
Collateral 378 $101,558,000 $268,000 $3,600,000 $134,000 $1,885,000
Debt-To-Income Ratio 366 $46,260,000 $126,000 $1,950,000 $53,000 $499,000
Credit History 289 $20,426,000 $70,000 $2,450,000 $88,000 $2,300,000
Other 94 $16,671,000 $177,000 $3,000,000 $80,000 $1,026,000
Insufficient Cash (Downpayment, Closing Cost) 25 $5,040,000 $201,000 $1,108,000 $93,000 $782,000
Employment History 16 $2,333,000 $145,000 $360,000 $43,000 $185,000
Mortgage Insurance Denied 10 $1,292,000 $129,000 $417,000 $61,000 $232,000
Credit Application Incomplete 9 $1,046,000 $116,000 $232,000 $54,000 $106,000
Unverifiable Information 6 $710,000 $118,000 $260,000 $69,000 $140,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Niagara Bank'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 First Niagara Bank'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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