PlainLender

Ontario Shores FCU

Newfane, NY

Ontario Shores FCU processed 207 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 177 loans with a 5.8% denial rate. Home Improvement was the primary loan purpose. Based in Newfane, NY. The approval rate of 85.5% 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. Ontario Shores FCU processed 207 HMDA-reported mortgage applications in 2024, originating 177 loans and denying 12 for a denial rate of 5.8% (applicants themselves withdrew 2 files before a decision). The average loan amount was $92,198 at a 7.958% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 5493009U7VIT7UF4QH15 from Newfane, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Ontario Shores FCU's 85.5% origination rate tells you how often an application turned into funded money; the 5.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (207 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.

207
Applications
177
Originated
5.8%
Denial Rate
$92,198
Avg Loan Amount
Avg Interest Rate: 7.958% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 207 177 12 $92,198

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Ontario Shores FCU (LEI: 5493009U7VIT7UF4QH15) · 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
8
Debt-to-income ratio
5
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 159 148 $68,145
Home Purchase 36 18 $172,222
Refinancing 12 11 $170,833

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 201 85.6% 6.0%
Asian 1 100.0% 0.0%
Black or African American 1 100.0% 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 199 86.4% 6.0%
Joint 3 66.7% 0.0%
Hispanic or Latino 2 50.0% 0.0%

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 Ontario Shores FCU 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

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Frequently Asked Questions

How many mortgage applications did Ontario Shores FCU process?
Ontario Shores FCU processed 207 mortgage applications in the 2023 HMDA reporting year. Of these, 177 were originated (approved and funded), 2 were withdrawn by the applicant, and 12 were denied.
What is Ontario Shores FCU's mortgage approval rate?
Ontario Shores FCU has an approval (origination) rate of 85.5%, meaning 85.5% of all applications resulted in a funded mortgage. The denial rate is 5.8%.
What is the average loan amount at Ontario Shores FCU?
The average mortgage loan amount at Ontario Shores FCU is $92,198. The average interest rate is 7.958%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Ontario Shores FCU?
The most common reasons for mortgage denial at Ontario Shores FCU are: Credit history, Debt-to-income ratio, Collateral. In total, 12 applications were denied out of 207 total applications.
What types of mortgage loans does Ontario Shores FCU offer?
Ontario Shores FCU processes Conventional loans. The most common type is Conventional with 207 applications and an average loan amount of $92,198.
What loan purposes does Ontario Shores FCU serve?
Ontario Shores FCU serves the following loan purposes: Home Improvement (159 applications), Home Purchase (36 applications), Refinancing (12 applications). Home Improvement is the most common purpose.
Where is Ontario Shores FCU located?
Ontario Shores FCU is headquartered in Newfane, NY. The lender is identified by LEI 5493009U7VIT7UF4QH15 in HMDA data.
How does Ontario Shores FCU compare in lending across racial demographics?
Ontario Shores FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 85.6% and denial rate of 6.0%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%; Black or African American 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.