PlainLender

NBT BANK NA

NORWICH, NY

NBT BANK NA processed 3,039 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,884 loans with a 21.0% denial rate. Home Purchase was the primary loan purpose. Based in NORWICH, NY. The approval rate of 62.0% 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. NBT BANK NA processed 3,039 HMDA-reported mortgage applications in 2024, originating 1,884 loans and denying 638 for a denial rate of 21.0% (applicants themselves withdrew 171 files before a decision). The average loan amount was $260,077 at a 5.396% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 5493009BOQDC6PCFR785 from NORWICH, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. NBT BANK NA's 62.0% origination rate tells you how often an application turned into funded money; the 21.0% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,011 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.

3,039
Applications
1,884
Originated
21.0%
Denial Rate
$260,077
Avg Loan Amount
Avg Interest Rate: 5.396% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,011 1,874 630 $260,506
FHA 28 10 8 $213,929

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for NBT BANK NA (LEI: 5493009BOQDC6PCFR785) · 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
389
Credit history
240
Other
62
Collateral
58
Employment history
30
Unverifiable information
30
Credit application incomplete
15
Insufficient cash
10

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,127 772 $387,023
Other 714 365 $111,681
Refinancing 605 418 $327,529
Home Improvement 509 281 $107,692
Cash-out Refinancing 84 48 $255,833

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,221 63.0% 21.3%
Asian 81 46.9% 16.1%
Black or African American 59 50.9% 23.7%
Joint 25 64.0% 20.0%
American Indian or Alaska Native 9 33.3% 33.3%
Native Hawaiian or Other Pacific Islander 5 60.0% 20.0%
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 2,220 62.5% 20.6%
Hispanic or Latino 91 49.5% 30.8%
Joint 39 56.4% 30.8%

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 NBT BANK NA 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 NBT BANK NA process?
NBT BANK NA processed 3,039 mortgage applications in the 2023 HMDA reporting year. Of these, 1,884 were originated (approved and funded), 171 were withdrawn by the applicant, and 638 were denied.
What is NBT BANK NA's mortgage approval rate?
NBT BANK NA has an approval (origination) rate of 62.0%, meaning 62.0% of all applications resulted in a funded mortgage. The denial rate is 21.0%.
What is the average loan amount at NBT BANK NA?
The average mortgage loan amount at NBT BANK NA is $260,077. The average interest rate is 5.396%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at NBT BANK NA?
The most common reasons for mortgage denial at NBT BANK NA are: Debt-to-income ratio, Credit history, Other. In total, 638 applications were denied out of 3,039 total applications.
What types of mortgage loans does NBT BANK NA offer?
NBT BANK NA processes Conventional, FHA loans. The most common type is Conventional with 3,011 applications and an average loan amount of $260,506.
What loan purposes does NBT BANK NA serve?
NBT BANK NA serves the following loan purposes: Home Purchase (1,127 applications), Other (714 applications), Refinancing (605 applications), Home Improvement (509 applications), Cash-out Refinancing (84 applications). Home Purchase is the most common purpose.
Where is NBT BANK NA located?
NBT BANK NA is headquartered in NORWICH, NY. The lender is identified by LEI 5493009BOQDC6PCFR785 in HMDA data.
How does NBT BANK NA compare in lending across racial demographics?
NBT BANK NA reports demographic lending data under HMDA requirements. White applicants have an approval rate of 63.0% and denial rate of 21.3%; Asian applicants have an approval rate of 46.9% and denial rate of 16.1%; Black or African American applicants have an approval rate of 50.9% and denial rate of 23.7%. 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.