PlainLender

Hometown Bank of Pennsylvania

Bedford, PA

Hometown Bank of Pennsylvania processed 244 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 182 loans with a 13.1% denial rate. Home Improvement was the primary loan purpose. Based in Bedford, PA. The approval rate of 74.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Hometown Bank of Pennsylvania processed 244 HMDA-reported mortgage applications in 2024, originating 182 loans and denying 32 for a denial rate of 13.1% (applicants themselves withdrew 2 files before a decision). The average loan amount was $106,189. The lender reports under LEI 5493003ZHM6LK8T0QW13 from Bedford, PA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Hometown Bank of Pennsylvania's 74.6% origination rate tells you how often an application turned into funded money; the 13.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (244 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.

244
Applications
182
Originated
13.1%
Denial Rate
$106,189
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 244 182 32 $106,189

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Hometown Bank of Pennsylvania (LEI: 5493003ZHM6LK8T0QW13) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 70 57 $50,429
Other 64 50 $76,719
Home Purchase 58 33 $169,655
Refinancing 52 42 $146,731

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 230 74.3% 13.9%
Asian 2 50.0% 0.0%
Joint 1 100.0% 0.0%

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 233 74.3% 13.7%

Nearby Lenders in PA

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

NEWREZ LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

PNC BANK N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

SPRING EQ, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

NVR MORTGAGE FINANCE, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

FIRST NATIONAL BANK OF PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Hometown Bank of Pennsylvania vs NEWREZ LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Hometown Bank of Pennsylvania process?
Hometown Bank of Pennsylvania processed 244 mortgage applications in the 2023 HMDA reporting year. Of these, 182 were originated (approved and funded), 2 were withdrawn by the applicant, and 32 were denied.
What is Hometown Bank of Pennsylvania's mortgage approval rate?
Hometown Bank of Pennsylvania has an approval (origination) rate of 74.6%, meaning 74.6% of all applications resulted in a funded mortgage. The denial rate is 13.1%.
What is the average loan amount at Hometown Bank of Pennsylvania?
The average mortgage loan amount at Hometown Bank of Pennsylvania is $106,189.
What are the most common reasons for mortgage denial at Hometown Bank of Pennsylvania?
The most common reasons for mortgage denial at Hometown Bank of Pennsylvania are: Credit history. In total, 32 applications were denied out of 244 total applications.
What types of mortgage loans does Hometown Bank of Pennsylvania offer?
Hometown Bank of Pennsylvania processes Conventional loans. The most common type is Conventional with 244 applications and an average loan amount of $106,189.
What loan purposes does Hometown Bank of Pennsylvania serve?
Hometown Bank of Pennsylvania serves the following loan purposes: Home Improvement (70 applications), Other (64 applications), Home Purchase (58 applications), Refinancing (52 applications). Home Improvement is the most common purpose.
Where is Hometown Bank of Pennsylvania located?
Hometown Bank of Pennsylvania is headquartered in Bedford, PA. The lender is identified by LEI 5493003ZHM6LK8T0QW13 in HMDA data.
How does Hometown Bank of Pennsylvania compare in lending across racial demographics?
Hometown Bank of Pennsylvania reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.3% and denial rate of 13.9%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%; 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.