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2024 data HMDA 2024 disclosure official source

Chemung County

2,157 mortgage applications, 15.6% denial rate. Verify FIPS 36015 with U.S. Census Bureau →

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New York · FIPS 36015

Local mortgage market. Chemung County, New York saw 2,157 HMDA-reported mortgage applications in 2024. Lenders originated 1,352 of those loans and denied 337, producing a denial rate of 15.6% and an approval (origination) rate of 62.7%. The average loan amount was $125,181 at an average note rate of 7.00%, with applicants self-reporting average annual income of $36K. 101 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.5x, meaning typical borrowers took on mortgages of about 3.5 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 36015 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,157
Applications
1,352
Originated
15.6%
Denial Rate
62.7%
Approval Rate
$125,181
Avg Loan Amount
7.00%
Avg Interest Rate
$36K
Avg Applicant Income
3.5x
Loan-to-Income Ratio

Nearby Lenders in Chemung 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 Corning Credit Union 279 20.6%
2 First Heritage Federal Credit Union 199 14.7%
3 Movement Mortgage, LLC 131 9.7%
4 Community Bank, N.A. 91 6.7%
5 Rocket Mortgage 73 5.4%
Compare Corning Credit Union vs First Heritage Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Chemung County?
In the 2024 HMDA reporting year, 2,157 mortgage applications were filed in Chemung County, New York. Of these, 1,352 were originated (approved and funded), while 337 were denied, resulting in a denial rate of 15.6%.
What is the mortgage denial rate in Chemung County?
The mortgage denial rate in Chemung County is 15.6%. The approval (origination) rate is 62.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Chemung County?
The average mortgage loan amount in Chemung County is $125,181. The average interest rate is 6.997%. The average applicant income is $36K.
What is the loan-to-income ratio in Chemung County?
The average loan-to-income ratio in Chemung County is 3.5x, meaning borrowers took on loans averaging 3.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Chemung County?
The top mortgage lenders in Chemung County by origination volume are Corning Credit Union, First Heritage Federal Credit Union, Movement Mortgage, LLC. In total, 101 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.