PlainLender

WAYNE BANK

HONESDALE, PA

WAYNE BANK processed 692 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 448 loans with a 20.1% denial rate. Home Purchase was the primary loan purpose. Based in HONESDALE, PA. The approval rate of 64.7% 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. WAYNE BANK processed 692 HMDA-reported mortgage applications in 2024, originating 448 loans and denying 139 for a denial rate of 20.1% (applicants themselves withdrew 86 files before a decision). The average loan amount was $216,488 at a 7.045% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300XZGHPTWOJPDI31 from HONESDALE, PA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. WAYNE BANK's 64.7% origination rate tells you how often an application turned into funded money; the 20.1% 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 (692 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.

692
Applications
448
Originated
20.1%
Denial Rate
$216,488
Avg Loan Amount
Avg Interest Rate: 7.045% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 692 448 139 $216,488

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for WAYNE BANK (LEI: 549300XZGHPTWOJPDI31) · 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
67
Debt-to-income ratio
28
Collateral
11
Other
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 295 209 $327,542
Home Improvement 210 127 $111,524
Other 105 65 $97,000
Refinancing 64 40 $218,281
Cash-out Refinancing 18 7 $311,667

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 561 64.9% 20.5%
Asian 18 44.4% 44.4%
Black or African American 10 50.0% 50.0%
Joint 9 44.4% 33.3%
2 or more minority races 2 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 2 0.0% 100.0%
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 544 64.2% 21.5%
Hispanic or Latino 29 51.7% 37.9%
Joint 26 50.0% 19.2%

Nearby Lenders in PA

Other HMDA-reporting lenders in PA with similar activity. Compare any two side-by-side.

NEWREZ LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

PNC BANK N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

SPRING EQ, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

NVR MORTGAGE FINANCE, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

FIRST NATIONAL BANK OF PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare WAYNE BANK vs NEWREZ LLC →

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 WAYNE BANK process?
WAYNE BANK processed 692 mortgage applications in the 2023 HMDA reporting year. Of these, 448 were originated (approved and funded), 86 were withdrawn by the applicant, and 139 were denied.
What is WAYNE BANK's mortgage approval rate?
WAYNE BANK has an approval (origination) rate of 64.7%, meaning 64.7% of all applications resulted in a funded mortgage. The denial rate is 20.1%.
What is the average loan amount at WAYNE BANK?
The average mortgage loan amount at WAYNE BANK is $216,488. The average interest rate is 7.045%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at WAYNE BANK?
The most common reasons for mortgage denial at WAYNE BANK are: Credit history, Debt-to-income ratio, Collateral. In total, 139 applications were denied out of 692 total applications.
What types of mortgage loans does WAYNE BANK offer?
WAYNE BANK processes Conventional loans. The most common type is Conventional with 692 applications and an average loan amount of $216,488.
What loan purposes does WAYNE BANK serve?
WAYNE BANK serves the following loan purposes: Home Purchase (295 applications), Home Improvement (210 applications), Other (105 applications), Refinancing (64 applications), Cash-out Refinancing (18 applications). Home Purchase is the most common purpose.
Where is WAYNE BANK located?
WAYNE BANK is headquartered in HONESDALE, PA. The lender is identified by LEI 549300XZGHPTWOJPDI31 in HMDA data.
How does WAYNE BANK compare in lending across racial demographics?
WAYNE BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.9% and denial rate of 20.5%; Asian applicants have an approval rate of 44.4% and denial rate of 44.4%; Black or African American applicants have an approval rate of 50.0% and denial rate of 50.0%. 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.