PlainLender

Alden State Bank

ALDEN, NY

Alden State Bank processed 153 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 107 loans with a 20.3% denial rate. Refinancing was the primary loan purpose. Based in ALDEN, NY. The approval rate of 69.9% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Alden State Bank's 69.9% origination rate tells you how often an application turned into funded money; the 20.3% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (153 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

153
Applications
107
Originated
20.3%
Denial Rate
$180,752
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 153 107 31 $180,752

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Alden State Bank (LEI: 5493007D8SNLKCBE4P48) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 78 49 $146,538
Home Purchase 38 32 $340,263
Home Improvement 24 16 $82,083
Other 13 10 $101,923

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 144 68.8% 21.5%
Joint * 2 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 143 69.9% 21.0%
Hispanic or Latino * 2 0.0% 50.0%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NY

Other HMDA-reporting lenders in NY with similar activity. Compare any two side-by-side.

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare Alden State Bank vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Alden State Bank process?
Alden State Bank processed 153 mortgage applications in the 2024 HMDA reporting year. Of these, 107 were originated (approved and funded), 6 were withdrawn by the applicant, and 31 were denied.
What is Alden State Bank's mortgage approval rate?
Alden State Bank has an approval (origination) rate of 69.9%, meaning 69.9% of all applications resulted in a funded mortgage. The denial rate is 20.3%.
What is the average loan amount at Alden State Bank?
The average mortgage loan amount at Alden State Bank is $180,752.
What types of mortgage loans does Alden State Bank offer?
Alden State Bank processes Conventional loans. The most common type is Conventional with 153 applications and an average loan amount of $180,752.
What loan purposes does Alden State Bank serve?
Alden State Bank serves the following loan purposes: Refinancing (78 applications), Home Purchase (38 applications), Home Improvement (24 applications), Other (13 applications). Refinancing is the most common purpose.
Where is Alden State Bank located?
Alden State Bank is headquartered in ALDEN, NY. The lender is identified by LEI 5493007D8SNLKCBE4P48 in HMDA data.
How does Alden State Bank compare in lending across racial demographics?
Alden State Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.8% and denial rate of 21.5%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.