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Saratoga National Bank

Glens Falls, NY

Saratoga National Bank processed 630 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 416 loans with a 15.6% denial rate. Home Purchase was the primary loan purpose. Based in Glens Falls, NY. The approval rate of 66.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Saratoga National Bank's 66.0% origination rate tells you how often an application turned into funded money; the 15.6% 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 (630 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.

630
Applications
416
Originated
15.6%
Denial Rate
$317,778
Avg Loan Amount
Avg Interest Rate: 5.971% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 630 416 98 $317,778

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Saratoga National Bank (LEI: 5493002JNEZK52NOPC21) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
61
Credit history
22
Collateral
15
Employment history
3
Other
3
Mortgage insurance denied
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 325 245 $452,292
Home Improvement 162 95 $115,309
Other 81 39 $139,444
Refinancing 45 25 $291,444
Cash-out Refinancing 17 12 $595,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 478 67.2% 15.1%
Asian * 21 52.4% 28.6%
Black or African American * 17 58.8% 23.5%
Joint * 8 75.0% 12.5%
Native Hawaiian or Other Pacific Islander * 3 33.3% 66.7%
American Indian or Alaska Native * 2 50.0% 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 495 66.9% 15.6%
Hispanic or Latino * 9 44.4% 33.3%
Joint * 8 62.5% 37.5%

* 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 Saratoga National Bank vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Saratoga National Bank process?
Saratoga National Bank processed 630 mortgage applications in the 2024 HMDA reporting year. Of these, 416 were originated (approved and funded), 89 were withdrawn by the applicant, and 98 were denied.
What is Saratoga National Bank's mortgage approval rate?
Saratoga National Bank has an approval (origination) rate of 66.0%, meaning 66.0% of all applications resulted in a funded mortgage. The denial rate is 15.6%.
What is the average loan amount at Saratoga National Bank?
The average mortgage loan amount at Saratoga National Bank is $317,778. The average interest rate is 5.971%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Saratoga National Bank?
The most common reasons for mortgage denial at Saratoga National Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 98 applications were denied out of 630 total applications.
What types of mortgage loans does Saratoga National Bank offer?
Saratoga National Bank processes Conventional loans. The most common type is Conventional with 630 applications and an average loan amount of $317,778.
What loan purposes does Saratoga National Bank serve?
Saratoga National Bank serves the following loan purposes: Home Purchase (325 applications), Home Improvement (162 applications), Other (81 applications), Refinancing (45 applications), Cash-out Refinancing (17 applications). Home Purchase is the most common purpose.
Where is Saratoga National Bank located?
Saratoga National Bank is headquartered in Glens Falls, NY. The lender is identified by LEI 5493002JNEZK52NOPC21 in HMDA data.
How does Saratoga National Bank compare in lending across racial demographics?
Saratoga National Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.2% and denial rate of 15.1%; Asian applicants have an approval rate of 52.4% and denial rate of 28.6%; Black or African American applicants have an approval rate of 58.8% and denial rate of 23.5%. 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.