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Pittsford Federal Credit Union

Pittsford, NY

Pittsford Federal Credit Union processed 344 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 269 loans with a 7.3% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Pittsford, NY. The approval rate of 78.2% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Pittsford Federal Credit Union's 78.2% origination rate tells you how often an application turned into funded money; the 7.3% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (344 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.

344
Applications
269
Originated
7.3%
Denial Rate
$117,791
Avg Loan Amount
Avg Interest Rate: 7.867% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 344 269 25 $117,791

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Pittsford Federal Credit Union (LEI: 549300P3STF5YYEJYO93) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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
11
Debt-to-income ratio
11
Other
3
Collateral
3
Unverifiable information
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 146 111 $99,041
Home Improvement 136 119 $85,441
Home Purchase 51 34 $259,706
Refinancing 8 4 $123,750
Other 3 1 $68,333

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 293 79.9% 6.8%
Asian * 8 87.5% 0.0%
Black or African American * 8 50.0% 25.0%
Joint * 6 66.7% 0.0%
American Indian or Alaska Native * 1 0.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 275 80.0% 5.8%
Hispanic or Latino * 11 54.5% 36.4%
Joint * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 Pittsford Federal Credit Union vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Pittsford Federal Credit Union process?
Pittsford Federal Credit Union processed 344 mortgage applications in the 2024 HMDA reporting year. Of these, 269 were originated (approved and funded), 23 were withdrawn by the applicant, and 25 were denied.
What is Pittsford Federal Credit Union's mortgage approval rate?
Pittsford Federal Credit Union has an approval (origination) rate of 78.2%, meaning 78.2% of all applications resulted in a funded mortgage. The denial rate is 7.3%.
What is the average loan amount at Pittsford Federal Credit Union?
The average mortgage loan amount at Pittsford Federal Credit Union is $117,791. The average interest rate is 7.867%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Pittsford Federal Credit Union?
The most common reasons for mortgage denial at Pittsford Federal Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 25 applications were denied out of 344 total applications.
What types of mortgage loans does Pittsford Federal Credit Union offer?
Pittsford Federal Credit Union processes Conventional loans. The most common type is Conventional with 344 applications and an average loan amount of $117,791.
What loan purposes does Pittsford Federal Credit Union serve?
Pittsford Federal Credit Union serves the following loan purposes: Cash-out Refinancing (146 applications), Home Improvement (136 applications), Home Purchase (51 applications), Refinancing (8 applications), Other (3 applications). Cash-out Refinancing is the most common purpose.
Where is Pittsford Federal Credit Union located?
Pittsford Federal Credit Union is headquartered in Pittsford, NY. The lender is identified by LEI 549300P3STF5YYEJYO93 in HMDA data.
How does Pittsford Federal Credit Union compare in lending across racial demographics?
Pittsford Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.9% and denial rate of 6.8%; Asian applicants have an approval rate of 87.5% and denial rate of 0.0%; Black or African American applicants have an approval rate of 50.0% and denial rate of 25.0%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.