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First Credit Corporation of Ny, INC.

GLOVERSVILLE, NY

First Credit Corporation of Ny, INC. processed 1,717 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 0 loans with a 77.6% denial rate. Home Purchase was the primary loan purpose. Based in GLOVERSVILLE, NY. The approval rate of 0.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Credit Corporation of Ny, INC.'s 0.0% origination rate tells you how often an application turned into funded money; the 77.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,717 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.

1,717
Applications
0
Originated
77.6%
Denial Rate
$99,514
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,717 0 1,332 $99,514

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Credit Corporation of Ny, INC. (LEI: 549300S347HTLHLOC775) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
937
Credit history
506
Employment history
105
Insufficient cash
97
Other
86
Collateral
67
Credit application incomplete
37
Unverifiable information
25

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,699 0 $99,844
Refinancing 7 0 $63,571
Cash-out Refinancing 7 0 $69,286
Other 3 0 $75,000
Home Improvement 1 0 $75,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,203 0.0% 75.5%
Black or African American 99 0.0% 91.9%
American Indian or Alaska Native * 17 0.0% 94.1%
Joint * 15 0.0% 93.3%
Asian * 10 0.0% 90.0%
2 or more minority races * 4 0.0% 100.0%
Native Hawaiian or Other Pacific Islander * 3 0.0% 100.0%

* 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 1,015 0.0% 74.6%
Hispanic or Latino 295 0.0% 88.8%
Joint * 39 0.0% 82.0%

* 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 First Credit Corporation of Ny, INC. vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Credit Corporation of Ny, INC. process?
First Credit Corporation of Ny, INC. processed 1,717 mortgage applications in the 2024 HMDA reporting year. Of these, 0 were originated (approved and funded), 95 were withdrawn by the applicant, and 1,332 were denied.
What is First Credit Corporation of Ny, INC.'s mortgage approval rate?
First Credit Corporation of Ny, INC. has an approval (origination) rate of 0.0%, meaning 0.0% of all applications resulted in a funded mortgage. The denial rate is 77.6%.
What is the average loan amount at First Credit Corporation of Ny, INC.?
The average mortgage loan amount at First Credit Corporation of Ny, INC. is $99,514. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at First Credit Corporation of Ny, INC.?
The most common reasons for mortgage denial at First Credit Corporation of Ny, INC. are: Debt-to-income ratio, Credit history, Employment history. In total, 1,332 applications were denied out of 1,717 total applications.
What types of mortgage loans does First Credit Corporation of Ny, INC. offer?
First Credit Corporation of Ny, INC. processes Conventional loans. The most common type is Conventional with 1,717 applications and an average loan amount of $99,514.
What loan purposes does First Credit Corporation of Ny, INC. serve?
First Credit Corporation of Ny, INC. serves the following loan purposes: Home Purchase (1,699 applications), Refinancing (7 applications), Cash-out Refinancing (7 applications), Other (3 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is First Credit Corporation of Ny, INC. located?
First Credit Corporation of Ny, INC. is headquartered in GLOVERSVILLE, NY. The lender is identified by LEI 549300S347HTLHLOC775 in HMDA data.
How does First Credit Corporation of Ny, INC. compare in lending across racial demographics?
First Credit Corporation of Ny, INC. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 0.0% and denial rate of 75.5%; Black or African American applicants have an approval rate of 0.0% and denial rate of 91.9%; American Indian or Alaska Native applicants have an approval rate of 0.0% and denial rate of 94.1%. 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.