PlainLender

M&T BANK

BUFFALO, NY

M&T BANK processed 36,377 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 20,743 loans with a 30.9% denial rate. Home Improvement was the primary loan purpose. Based in BUFFALO, NY. The approval rate of 57.0% 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. M&T BANK processed 36,377 HMDA-reported mortgage applications in 2024, originating 20,743 loans and denying 11,248 for a denial rate of 30.9% (applicants themselves withdrew 2,329 files before a decision). The average loan amount was $230,395 at a 7.904% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI WWB2V0FCW3A0EE3ZJN75 from BUFFALO, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. M&T BANK's 57.0% origination rate tells you how often an application turned into funded money; the 30.9% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (32,433 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.

36,377
Applications
20,743
Originated
30.9%
Denial Rate
$230,395
Avg Loan Amount
Avg Interest Rate: 7.904% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 32,433 18,733 10,630 $227,211
FHA 3,020 1,416 529 $227,788
VA 894 581 86 $357,103
USDA 30 13 3 $158,333

Top loan types — M&T BANK

Top loan types — M&T BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — M&T BANK Top 4 1. Conventional 32,433 2. FHA 3,020 3. VA 894 4. USDA 30 Top 5 loan types by application volume at M&T BANK (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 M&T BANK (LEI: WWB2V0FCW3A0EE3ZJN75) · 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

Debt-to-income ratio
5,280
Credit history
5,218
Collateral
2,412
Other
1,780
Unverifiable information
241
Employment history
212
Insufficient cash
176
Credit application incomplete
93

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 12,073 5,451 $121,155
Home Purchase 9,753 6,934 $403,394
Refinancing 6,152 4,267 $247,139
Other 5,508 2,722 $134,049
Cash-out Refinancing 2,637 1,369 $262,410

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 24,849 62.5% 27.9%
Black or African American 4,093 37.5% 51.2%
Asian 2,285 58.6% 29.2%
Joint 561 67.4% 21.0%
American Indian or Alaska Native 186 38.2% 53.2%
Native Hawaiian or Other Pacific Islander 156 33.3% 59.0%
2 or more minority races 87 27.6% 63.2%

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 29,006 60.5% 29.3%
Hispanic or Latino 3,013 38.3% 50.9%
Joint 580 62.1% 29.3%

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

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

Morgan Stanley Private Bank NA

Purchase, NY

13,901 apps 10,709 originated 3.9% denied
Compare M&T BANK vs Citibank, NA →

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 M&T BANK process?
M&T BANK processed 36,377 mortgage applications in the 2023 HMDA reporting year. Of these, 20,743 were originated (approved and funded), 2,329 were withdrawn by the applicant, and 11,248 were denied.
What is M&T BANK's mortgage approval rate?
M&T BANK has an approval (origination) rate of 57.0%, meaning 57.0% of all applications resulted in a funded mortgage. The denial rate is 30.9%.
What is the average loan amount at M&T BANK?
The average mortgage loan amount at M&T BANK is $230,395. The average interest rate is 7.904%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at M&T BANK?
The most common reasons for mortgage denial at M&T BANK are: Debt-to-income ratio, Credit history, Collateral. In total, 11,248 applications were denied out of 36,377 total applications.
What types of mortgage loans does M&T BANK offer?
M&T BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 32,433 applications and an average loan amount of $227,211.
What loan purposes does M&T BANK serve?
M&T BANK serves the following loan purposes: Home Improvement (12,073 applications), Home Purchase (9,753 applications), Refinancing (6,152 applications), Other (5,508 applications), Cash-out Refinancing (2,637 applications). Home Improvement is the most common purpose.
Where is M&T BANK located?
M&T BANK is headquartered in BUFFALO, NY. The lender is identified by LEI WWB2V0FCW3A0EE3ZJN75 in HMDA data.
How does M&T BANK compare in lending across racial demographics?
M&T BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 62.5% and denial rate of 27.9%; Black or African American applicants have an approval rate of 37.5% and denial rate of 51.2%; Asian applicants have an approval rate of 58.6% and denial rate of 29.2%. 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.