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Otsego County, New York
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Otsego County, New York, saw 1,265 HMDA-reported applications and 737 originations ($124m) in 2024.
That is 31.8 originations per 1,000 households, against 27.0 for New York and 48.0 nationally.
The county's denial rate was 27.1%, close to the state rate of 25.4%. The median rate spread on originated loans was 0.4 percentage points and 13.7% of originations were 1.5 points or more above the average prime offer rate.
10 lenders reached 25 applications in the county; the most active by originations were Community Bank, N.A. (125), Sidney Federal Credit Union (96) and Nbt Bank NA (70).
Originations were up 11% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Community Bank, N.A. | 183 | 125 | $23m | 19.2% | — |
| 2 | Sidney Federal Credit Union | 151 | 96 | $8.6m | 23.9% | — |
| 3 | Nbt Bank NA | 119 | 70 | $9.3m | 29.1% | — |
| 4 | Rocket Mortgage | 96 | 63 | $12m | 31.5% | — |
| 5 | Homestead Funding Corp. | 48 | 39 | $6.9m | 7.0% | — |
| 6 | Plaza Home Mortgage, Inc | 37 | 27 | $5.5m | 22.2% | — |
| 7 | Wayne Bank | 45 | 24 | $4.2m | 24.2% | — |
| 8 | CBNA Year to Date | 30 | 12 | $1.7m | 52.0% | — |
| 9 | Discover Bank | 36 | 3 | $305k | — | — |
| 10 | 21st Mortgage | 33 | 2 | $170k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 10. Denial rate is denials over decided applications in this county.
Compared with New York and the nation
| Measure | This county | New York | United States |
|---|---|---|---|
| Denial rate | 27.1% | 25.4% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 13.7% | 15.0% | 15.6% |
| Average originated loan | $169k | $446k | $329k |
| Originations per 1,000 households | 31.8 | 27.0 | 48.0 |
| Home purchase share of originations | 58.5% | 55.3% | 57.0% |
| FHA-insured share | 8.1% | 7.4% | 13.4% |
| VA-guaranteed share | 4.6% | 2.4% | 7.9% |
Rate spread distribution
Share of 577 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: New York). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 58% (431)Home improvement 17% (122)Refinancing 6% (45)Cash-out refinancing 8% (59)Other purpose 11% (80)
By type
Conventional 87% (639)FHA 8% (60)VA 5% (34)USDA 1% (4)
Trend by year
ApplicationsOriginations
This countyNew York
Questions and answers
Which lenders are most active in Otsego County, NY?
By 2024 originations: Community Bank, N.A. (125), Sidney Federal Credit Union (96), Nbt Bank NA (70), Rocket Mortgage (63), Homestead Funding Corp. (39). 10 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Otsego County?
27.1% of decided applications were denied in 2024, against 25.4% across New York and 24.3% nationally.
How many mortgages were originated in Otsego County in 2024?
737 loans totalling $124m, from 1,265 applications; 31.8 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 36077; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.