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2024 data HMDA 2024 disclosure official source

Allegany County

797 mortgage applications, 19.6% denial rate. Verify FIPS 36003 with U.S. Census Bureau →

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New York · FIPS 36003

Local mortgage market. Allegany County, New York saw 797 HMDA-reported mortgage applications in 2024. Lenders originated 475 of those loans and denied 156, producing a denial rate of 19.6% and an approval (origination) rate of 59.6%. The average loan amount was $114,197 at an average note rate of 7.05%, with applicants self-reporting average annual income of $35K. 72 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.3x, meaning typical borrowers took on mortgages of about 3.3 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 36003 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

797
Applications
475
Originated
19.6%
Denial Rate
59.6%
Approval Rate
$114,197
Avg Loan Amount
7.05%
Avg Interest Rate
$35K
Avg Applicant Income
3.3x
Loan-to-Income Ratio

Nearby Lenders in Allegany County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Community Bank, N.A. 182 38.3%
2 Rocket Mortgage 46 9.7%
3 ServU Federal Credit Union 35 7.4%
4 Premium Mortgage Corporation 17 3.6%
5 Five Star Bank 17 3.6%
Compare Community Bank, N.A. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Allegany County?
In the 2024 HMDA reporting year, 797 mortgage applications were filed in Allegany County, New York. Of these, 475 were originated (approved and funded), while 156 were denied, resulting in a denial rate of 19.6%.
What is the mortgage denial rate in Allegany County?
The mortgage denial rate in Allegany County is 19.6%. The approval (origination) rate is 59.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Allegany County?
The average mortgage loan amount in Allegany County is $114,197. The average interest rate is 7.054%. The average applicant income is $35K.
What is the loan-to-income ratio in Allegany County?
The average loan-to-income ratio in Allegany County is 3.3x, meaning borrowers took on loans averaging 3.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Allegany County?
The top mortgage lenders in Allegany County by origination volume are Community Bank, N.A., Rocket Mortgage, ServU Federal Credit Union. In total, 72 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.