Homestead Funding Corp.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021

Homestead Funding Corp. 2021 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Homestead Funding Corp.
8 Airline Drive
Albany, NY 12205
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 16,900
Total Mortgage Loan Application Amount $4,474,230,000
Average Mortgage Loan Application Amount $267,600
Highest Mortgage Loan Application Amount $1,505,000
Average Applicant Income $146,400
Highest Applicant Income $4,085,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2021 with Homestead Funding Corp.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Homestead Funding Corp.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2021 breaks down Homestead Funding Corp.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Homestead Funding Corp. serves its applicants.

Each category highlights the total number of mortgage applications processed by Homestead Funding Corp., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Homestead Funding Corp.'s mortgage activity for 2021.

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Mortgage Loan Application Detail Totals for Homestead Funding Corp. in 2021

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 10,593 $2,605,525,000 $245,000 $1,465,000 $106,000 $1,610,000
Refinancing 4,617 $1,379,685,000 $298,000 $1,245,000 $148,000 $4,085,000
Cash-out Refinancing 1,562 $456,650,000 $292,000 $1,055,000 $126,000 $1,380,000
Other Purpose 70 $18,380,000 $262,000 $1,505,000 $162,000 $736,000
Home Improvement 58 $13,990,000 $241,000 $905,000 $190,000 $2,165,000
Not Applicable 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 11,429 $2,939,705,000 $257,000 $1,465,000 $117,000 $4,085,000
Not Provided 2,869 $813,195,000 $283,000 $1,505,000 $134,000 $1,511,000
Asian 958 $296,510,000 $309,000 $1,005,000 $134,000 $1,470,000
Hispanic 870 $229,860,000 $264,000 $1,245,000 $100,000 $409,000
Black or African American 597 $143,575,000 $240,000 $725,000 $93,000 $460,000
American Indian or Alaskan Native 61 $14,955,000 $245,000 $545,000 $99,000 $225,000
Native Hawaiian or Other Pacific Islander 15 $3,245,000 $216,000 $545,000 $123,000 $570,000
Not applicable 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) 13,490 $3,734,850,000 $276,000 $1,505,000 $130,000 $4,085,000
FHA-insured (Federal Housing Administration) 2,332 $459,210,000 $196,000 $755,000 $70,000 $2,675,000
VA-guaranteed (Veterans Administration) 842 $240,350,000 $285,000 $1,135,000 $93,000 $323,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 236 $39,820,000 $168,000 $395,000 $57,000 $123,000

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 13,976 $3,688,020,000 $263,000 $1,285,000 $120,000 $4,085,000
Application Withdrawn By Applicant 2,206 $595,810,000 $270,000 $1,505,000 $119,000 $1,610,000
Application Denied By Financial Institution 468 $125,230,000 $267,000 $1,465,000 $102,000 $2,675,000
File Closed For Incompleteness 143 $38,815,000 $271,000 $825,000 $125,000 $530,000
Application Approved But Not Accepted 90 $22,170,000 $246,000 $685,000 $120,000 $681,000
Loan Purchased By The Institution 17 $4,185,000 $246,000 $485,000 $105,000 $323,000
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 16,432 $4,349,000,000 $264,000 $1,505,000 $120,000 $4,085,000
Debt-To-Income Ratio 168 $44,360,000 $264,000 $1,465,000 $53,000 $242,000
Credit Application Incomplete 87 $24,885,000 $286,000 $915,000 $146,000 $534,000
Collateral 75 $18,095,000 $241,000 $975,000 $108,000 $313,000
Credit History 43 $12,265,000 $285,000 $1,205,000 $99,000 $344,000
Other 40 $12,480,000 $312,000 $1,405,000 $229,000 $2,675,000
Insufficient Cash (Downpayment, Closing Cost) 23 $5,985,000 $260,000 $545,000 $107,000 $295,000
Employment History 22 $3,930,000 $178,000 $335,000 $56,000 $130,000
Unverifiable Information 10 $3,230,000 $323,000 $1,245,000 $119,000 $309,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Homestead Funding Corp.'s 2021 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 Homestead Funding Corp.'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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