PlainLender

Hometown Funding, INC. D/B/A CNB Mortgage Company

Pittsford, NY

Hometown Funding, INC. D/B/A CNB Mortgage Company processed 1,226 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,091 loans with a 2.8% denial rate. Home Purchase was the primary loan purpose. Based in Pittsford, NY. The approval rate of 89.0% 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 Funding, INC. D/B/A CNB Mortgage Company processed 1,226 HMDA-reported mortgage applications in 2024, originating 1,091 loans and denying 34 for a denial rate of 2.8% (applicants themselves withdrew 37 files before a decision). The average loan amount was $272,520 at a 6.983% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300BRR67NLTQSBT29 from Pittsford, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Funding, INC. D/B/A CNB Mortgage Company's 89.0% origination rate tells you how often an application turned into funded money; the 2.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,193 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.

1,226
Applications
1,091
Originated
2.8%
Denial Rate
$272,520
Avg Loan Amount
Avg Interest Rate: 6.983% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,193 1,062 31 $273,902
FHA 24 21 2 $180,833
VA 9 8 1 $333,889

Top loan types — Hometown Funding, INC. D/B/A CNB Mortgage Company

Top loan types — Hometown Funding, INC. D/B/A CNB Mortgage Company Horizontal bar chart of the top 3 items by value (applications). Top loan types — Hometown Funding, INC. D/B/A CNB Mortgage Company Top 3 1. Conventional 1,193 2. FHA 24 3. VA 9 Top 5 loan types by application volume at Hometown Funding, INC. D/B/A CNB Mortgage Company (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Hometown Funding, INC. D/B/A CNB Mortgage Company (LEI: 549300BRR67NLTQSBT29) · 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

Collateral
13
Debt-to-income ratio
7
Other
5
Insufficient cash
5
Employment history
4
Credit history
3
Unverifiable information
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 880 795 $263,466
Cash-out Refinancing 260 228 $278,808
Refinancing 85 67 $344,882
Home Improvement 1 1 $455,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 900 89.4% 2.8%
Asian 50 88.0% 2.0%
Black or African American 37 81.1% 5.4%
Joint 11 90.9% 0.0%
Native Hawaiian or Other Pacific Islander 4 100.0% 0.0%
2 or more minority races 2 100.0% 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 954 89.4% 2.5%
Hispanic or Latino 37 86.5% 5.4%
Joint 12 83.3% 8.3%

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 Hometown Funding, INC. D/B/A CNB Mortgage Company vs Citibank, NA →

Mortgage Lending Guides

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Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did Hometown Funding, INC. D/B/A CNB Mortgage Company process?
Hometown Funding, INC. D/B/A CNB Mortgage Company processed 1,226 mortgage applications in the 2023 HMDA reporting year. Of these, 1,091 were originated (approved and funded), 37 were withdrawn by the applicant, and 34 were denied.
What is Hometown Funding, INC. D/B/A CNB Mortgage Company's mortgage approval rate?
Hometown Funding, INC. D/B/A CNB Mortgage Company has an approval (origination) rate of 89.0%, meaning 89.0% of all applications resulted in a funded mortgage. The denial rate is 2.8%.
What is the average loan amount at Hometown Funding, INC. D/B/A CNB Mortgage Company?
The average mortgage loan amount at Hometown Funding, INC. D/B/A CNB Mortgage Company is $272,520. The average interest rate is 6.983%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Hometown Funding, INC. D/B/A CNB Mortgage Company?
The most common reasons for mortgage denial at Hometown Funding, INC. D/B/A CNB Mortgage Company are: Collateral, Debt-to-income ratio, Other. In total, 34 applications were denied out of 1,226 total applications.
What types of mortgage loans does Hometown Funding, INC. D/B/A CNB Mortgage Company offer?
Hometown Funding, INC. D/B/A CNB Mortgage Company processes Conventional, FHA, VA loans. The most common type is Conventional with 1,193 applications and an average loan amount of $273,902.
What loan purposes does Hometown Funding, INC. D/B/A CNB Mortgage Company serve?
Hometown Funding, INC. D/B/A CNB Mortgage Company serves the following loan purposes: Home Purchase (880 applications), Cash-out Refinancing (260 applications), Refinancing (85 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is Hometown Funding, INC. D/B/A CNB Mortgage Company located?
Hometown Funding, INC. D/B/A CNB Mortgage Company is headquartered in Pittsford, NY. The lender is identified by LEI 549300BRR67NLTQSBT29 in HMDA data.
How does Hometown Funding, INC. D/B/A CNB Mortgage Company compare in lending across racial demographics?
Hometown Funding, INC. D/B/A CNB Mortgage Company reports demographic lending data under HMDA requirements. White applicants have an approval rate of 89.4% and denial rate of 2.8%; Asian applicants have an approval rate of 88.0% and denial rate of 2.0%; Black or African American applicants have an approval rate of 81.1% and denial rate of 5.4%. 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.