Watertown-Fort Drum, NY Metro Area Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 3,156 mortgage applications in Watertown-Fort Drum, NY metro area totaling $641.8 million, down 23% from 2022. The average application was for $203,342, and applicants reported an average income of $105,000. 58% of applications resulted in an originated loan and 17% were denied. The most active lender was Northern Credit Union, with 390 applications, followed by Americu Credit Union and Community Bank, N.A..
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 3,156 |
| Total Mortgage Loan Application Amount | $641,750,000 |
| Average Mortgage Loan Application Amount | $203,342 |
| Highest Mortgage Loan Application Amount | $51,505,000 |
| Average Applicant Income | $105,000 |
| Highest Applicant Income | $1,746,000 |
Top Mortgage Lenders in Watertown-Fort Drum, NY Metro Area (2023)
Ranked by the number of mortgage applications each lender reported in Watertown-Fort Drum, NY metro area in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Northern Credit Union Watertown, NY |
390 | $31,040,000 | $79,000 | $97,000 |
| 2 | Americu Credit Union Rome, NY |
285 | $35,145,000 | $123,000 | $100,000 |
| 3 | Community Bank, N.A. Canton, NY |
280 | $48,090,000 | $171,000 | $110,000 |
| 4 | Movement Mortgage, LLC Indian Land, SC |
252 | $52,150,000 | $206,000 | $91,000 |
| 5 | Watertown Savings Bank Watertown, NY |
204 | $34,340,000 | $168,000 | $132,000 |
| 6 | Carthage Savings and Loan, National Association Carthage, NY |
159 | $21,245,000 | $133,000 | $112,000 |
| 7 | Mortgage Research Center Columbia, MO |
133 | $30,415,000 | $228,000 | $93,000 |
| 8 | Navy Federal Credit Union Vienna, VA |
110 | $21,390,000 | $194,000 | $111,000 |
| 9 | Homestead Funding Corp. Albany, NY |
101 | $21,105,000 | $208,000 | $99,000 |
| 10 | Newrez LLC Fort Washington, PA |
94 | $20,480,000 | $217,000 | $78,000 |
See every lender active in Watertown-Fort Drum, NY metro area in 2023 »
The tables below break down 2023 mortgage applications in Watertown-Fort Drum, NY metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Watertown-Fort Drum, NY in 2023
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 | 1,881 | $494,505,000 | $262,000 | $51,505,000 | $106,000 | $1,746,000 |
| Home Improvement | 435 | $26,795,000 | $61,000 | $725,000 | $106,000 | $1,114,000 |
| Other Purpose | 368 | $27,510,000 | $74,000 | $765,000 | $99,000 | $550,000 |
| Refinancing | 231 | $54,025,000 | $233,000 | $7,505,000 | $114,000 | $1,505,000 |
| Cash-out Refinancing | 228 | $37,830,000 | $165,000 | $445,000 | $99,000 | $591,000 |
| Not Applicable | 13 | $1,085,000 | $83,000 | $165,000 | $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 | 2,191 | $330,385,000 | $150,000 | $1,995,000 | $107,000 | $1,746,000 |
| Not applicable | 352 | $202,000,000 | $573,000 | $51,505,000 | $91,000 | $165,000 |
| Not Provided | 320 | $56,800,000 | $177,000 | $1,995,000 | $101,000 | $540,000 |
| Hispanic | 119 | $21,255,000 | $178,000 | $705,000 | $88,000 | $261,000 |
| Black or African American | 92 | $17,270,000 | $187,000 | $555,000 | $106,000 | $550,000 |
| Asian | 45 | $8,215,000 | $182,000 | $395,000 | $104,000 | $330,000 |
| American Indian or Alaskan Native | 26 | $3,940,000 | $151,000 | $495,000 | $92,000 | $479,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,130,000 | $188,000 | $345,000 | $96,000 | $157,000 |
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) | 1,967 | $384,535,000 | $195,000 | $51,505,000 | $113,000 | $1,746,000 |
| VA-guaranteed (Veterans Administration) | 873 | $206,125,000 | $236,000 | $535,000 | $96,000 | $274,000 |
| FHA-insured (Federal Housing Administration) | 301 | $48,985,000 | $162,000 | $435,000 | $71,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $2,105,000 | $140,000 | $195,000 | $71,000 | $103,000 |
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 | 1,823 | $363,215,000 | $199,000 | $51,505,000 | $109,000 | $1,505,000 |
| Application Denied By Financial Institution | 530 | $61,680,000 | $116,000 | $1,995,000 | $90,000 | $1,013,000 |
| Application Withdrawn By Applicant | 319 | $123,725,000 | $387,000 | $46,575,000 | $108,000 | $659,000 |
| Loan Purchased By The Institution | 318 | $68,060,000 | $214,000 | $705,000 | $96,000 | $390,000 |
| Application Approved But Not Accepted | 106 | $15,750,000 | $148,000 | $1,405,000 | $113,000 | $1,746,000 |
| File Closed For Incompleteness | 55 | $8,355,000 | $151,000 | $765,000 | $112,000 | $500,000 |
| Preapproval Denied by Financial Institution | 4 | $620,000 | $155,000 | $245,000 | $58,000 | $75,000 |
| Preapproval Approved but not Accepted | 1 | $345,000 | $345,000 | $345,000 | $144,000 | $144,000 |
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 | 2,620 | $578,650,000 | $220,000 | $51,505,000 | $109,000 | $1,746,000 |
| Credit History | 158 | $14,340,000 | $90,000 | $505,000 | $80,000 | $437,000 |
| Debt-To-Income Ratio | 153 | $18,755,000 | $122,000 | $525,000 | $73,000 | $426,000 |
| Collateral | 110 | $12,540,000 | $114,000 | $805,000 | $112,000 | $837,000 |
| Other | 71 | $11,015,000 | $155,000 | $1,995,000 | $113,000 | $1,013,000 |
| Credit Application Incomplete | 15 | $2,595,000 | $173,000 | $405,000 | $90,000 | $165,000 |
| Employment History | 11 | $1,485,000 | $135,000 | $305,000 | $78,000 | $211,000 |
| Unverifiable Information | 10 | $980,000 | $98,000 | $185,000 | $91,000 | $212,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,390,000 | $173,000 | $325,000 | $90,000 | $149,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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