Premium Mortgage Corporation
Rochester, NY
Premium Mortgage Corporation processed 5,483 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 4,849 loans with a 2.8% denial rate. Home Purchase was the primary loan purpose. Based in Rochester, NY. The approval rate of 88.4% 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. Premium Mortgage Corporation processed 5,483 HMDA-reported mortgage applications in 2024, originating 4,849 loans and denying 151 for a denial rate of 2.8% (applicants themselves withdrew 395 files before a decision). The average loan amount was $244,336 at a 6.703% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 254900XN7UWEWK13RO81 from Rochester, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Premium Mortgage Corporation's 88.4% 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 Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (4,474 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 4,474 | 4,021 | 86 | $246,855 |
| FHA | 729 | 592 | 53 | $216,783 |
| VA | 239 | 200 | 10 | $292,657 |
| USDA | 41 | 36 | 2 | $177,683 |
Top loan types — Premium Mortgage Corporation
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Premium Mortgage Corporation (LEI: 254900XN7UWEWK13RO81) · 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
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 5,295 | 4,707 | $244,552 |
| Cash-out Refinancing | 139 | 106 | $235,647 |
| Refinancing | 49 | 36 | $245,612 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 4,211 | 89.9% | 2.1% |
| Black or African American | 244 | 78.7% | 5.7% |
| Asian | 197 | 80.7% | 7.6% |
| Joint | 103 | 91.3% | 1.0% |
| American Indian or Alaska Native | 16 | 81.3% | 12.5% |
| 2 or more minority races | 6 | 66.7% | 0.0% |
| Native Hawaiian or Other Pacific Islander | 5 | 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 | 4,493 | 89.3% | 2.4% |
| Hispanic or Latino | 191 | 77.5% | 6.8% |
| Joint | 104 | 90.4% | 2.9% |
Nearby Lenders in NY
Other HMDA-reporting lenders in NY with similar activity. Compare any two side-by-side.
Citibank, NA
New York, NY
M&T BANK
BUFFALO, NY
Loan Funder LLC
New York, NY
BETHPAGE FEDERAL CREDIT UNION
BETHPAGE, NY
Better Mortgage Corporation
New York, NY
Mortgage Lending Guides
Frequently Asked Questions
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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.