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2024 data HMDA 2024 disclosure official source

Schenectady County

5,153 mortgage applications, 16.8% denial rate. Verify FIPS 36093 with U.S. Census Bureau →

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New York · FIPS 36093

Local mortgage market. Schenectady County, New York saw 5,153 HMDA-reported mortgage applications in 2024. Lenders originated 2,903 of those loans and denied 867, producing a denial rate of 16.8% and an approval (origination) rate of 56.3%. The average loan amount was $202,136 at an average note rate of 6.94%, with applicants self-reporting average annual income of $38K. 146 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.3x, meaning typical borrowers took on mortgages of about 5.3 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 36093 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

5,153
Applications
2,903
Originated
16.8%
Denial Rate
56.3%
Approval Rate
$202,136
Avg Loan Amount
6.94%
Avg Interest Rate
$38K
Avg Applicant Income
5.3x
Loan-to-Income Ratio

Nearby Lenders in Schenectady 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 Broadview Federal Credit Union 390 13.4%
2 Homestead Funding Corp. 302 10.4%
3 Sefcu Services LLC 272 9.4%
4 Sunmark Credit Union 229 7.9%
5 Trustco Bank 201 6.9%
Compare Broadview Federal Credit Union vs Homestead Funding Corp. →

Frequently Asked Questions

How many mortgage applications were filed in Schenectady County?
In the 2024 HMDA reporting year, 5,153 mortgage applications were filed in Schenectady County, New York. Of these, 2,903 were originated (approved and funded), while 867 were denied, resulting in a denial rate of 16.8%.
What is the mortgage denial rate in Schenectady County?
The mortgage denial rate in Schenectady County is 16.8%. The approval (origination) rate is 56.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Schenectady County?
The average mortgage loan amount in Schenectady County is $202,136. The average interest rate is 6.938%. The average applicant income is $38K.
What is the loan-to-income ratio in Schenectady County?
The average loan-to-income ratio in Schenectady County is 5.3x, meaning borrowers took on loans averaging 5.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Schenectady County?
The top mortgage lenders in Schenectady County by origination volume are Broadview Federal Credit Union, Homestead Funding Corp., Sefcu Services LLC. In total, 146 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.