PlainLender

Ulster Savings Bank

Kingston, NY

Ulster Savings Bank processed 554 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 442 loans with a 8.1% denial rate. Home Purchase was the primary loan purpose. Based in Kingston, NY. The approval rate of 79.8% 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. Ulster Savings Bank processed 554 HMDA-reported mortgage applications in 2024, originating 442 loans and denying 45 for a denial rate of 8.1% (applicants themselves withdrew 35 files before a decision). The average loan amount was $293,592 at a 7.082% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 5493008GTOZI3HQKE634 from Kingston, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Ulster Savings Bank's 79.8% origination rate tells you how often an application turned into funded money; the 8.1% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (550 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.

554
Applications
442
Originated
8.1%
Denial Rate
$293,592
Avg Loan Amount
Avg Interest Rate: 7.082% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 550 440 45 $293,982
FHA 4 2 0 $240,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Ulster Savings Bank (LEI: 5493008GTOZI3HQKE634) · 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
19
Credit history
15
Credit application incomplete
6
Collateral
6
Unverifiable information
2
Insufficient cash
1
Employment history
1
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 288 250 $435,556
Other 111 83 $80,315
Home Improvement 86 68 $80,116
Cash-out Refinancing 55 32 $290,273
Refinancing 14 9 $388,571

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 440 83.6% 7.0%
Black or African American 26 80.8% 7.7%
Asian 15 66.7% 13.3%
Joint 11 90.9% 0.0%
2 or more minority races 1 100.0% 0.0%
American Indian or Alaska Native 1 0.0% 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 441 83.2% 7.5%
Hispanic or Latino 36 77.8% 5.6%
Joint 22 86.4% 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 Ulster Savings Bank 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 Ulster Savings Bank process?
Ulster Savings Bank processed 554 mortgage applications in the 2023 HMDA reporting year. Of these, 442 were originated (approved and funded), 35 were withdrawn by the applicant, and 45 were denied.
What is Ulster Savings Bank's mortgage approval rate?
Ulster Savings Bank has an approval (origination) rate of 79.8%, meaning 79.8% of all applications resulted in a funded mortgage. The denial rate is 8.1%.
What is the average loan amount at Ulster Savings Bank?
The average mortgage loan amount at Ulster Savings Bank is $293,592. The average interest rate is 7.082%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Ulster Savings Bank?
The most common reasons for mortgage denial at Ulster Savings Bank are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 45 applications were denied out of 554 total applications.
What types of mortgage loans does Ulster Savings Bank offer?
Ulster Savings Bank processes Conventional, FHA loans. The most common type is Conventional with 550 applications and an average loan amount of $293,982.
What loan purposes does Ulster Savings Bank serve?
Ulster Savings Bank serves the following loan purposes: Home Purchase (288 applications), Other (111 applications), Home Improvement (86 applications), Cash-out Refinancing (55 applications), Refinancing (14 applications). Home Purchase is the most common purpose.
Where is Ulster Savings Bank located?
Ulster Savings Bank is headquartered in Kingston, NY. The lender is identified by LEI 5493008GTOZI3HQKE634 in HMDA data.
How does Ulster Savings Bank compare in lending across racial demographics?
Ulster Savings Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 83.6% and denial rate of 7.0%; Black or African American applicants have an approval rate of 80.8% and denial rate of 7.7%; Asian applicants have an approval rate of 66.7% and denial rate of 13.3%. 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.