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Homestead Funding Corp. in New York

HMDA record for properties in New York, calendar year 2024. National record · New York overview

LEI 549300T3F9S1MKFKHC53
Reporting agency Department of Housing and Urban Development
State New York

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.

In New York, Homestead Funding Corp. reported 4,784 applications and 3,966 originations for 2024, $1.1bn in all.

Its denial rate in the state was 3.4%, below the New York rate of 25.4% across all lenders and compared with the lender's national rate of 3.7%.

The median rate spread on its New York originations was 0.1 percentage points (state median 0.3).

Applications in the state were up 7% on 2023.

4,784applications in NY, 202474.3% of the lender's total
3,966loans originated$1.1bn
3.4%denial rateNY all lenders 25.4%
0.1 ppmedian rate spreadNY 0.3 pp

Compared with the state and the lender's national record

MeasureIn New YorkNew York, all lendersHomestead Funding Corp., all statesUnited States
Denial rate3.4%25.4%3.7%24.3%
Median rate spread, pp0.10.30.10.3
Originations with spread of 1.5 pp or more0.8%15.0%0.8%15.6%
Average originated loan$268k$446k$281k$329k
Home purchase share96.4%55.3%94.5%57.0%
FHA-insured share15.8%7.4%14.4%13.4%
VA-guaranteed share4.2%2.4%4.4%7.9%

Trend by year

ApplicationsOriginations

03,3106,6202022: 6,620 Applications2023: 4,483 Applications2024: 4,784 Applications2022: 5,328 Originations2023: 3,637 Originations2024: 3,966 Originations202220232024
Homestead Funding Corp. in New York: applications and originations, 2022–2024

This lender in stateNew York, all lenders

0%13%26%2022: 4% This lender in state2023: 3.4% This lender in state2024: 3.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in New York

By purpose

Home purchase 96% (3,825)Home improvement 1% (24)Refinancing 1% (37)Cash-out refinancing 2% (71)Other purpose 0% (9)

By type

Conventional 79% (3,149)FHA 16% (628)VA 4% (167)USDA 1% (22)

Denial reasons as coded

Debt-to-income ratio31.7%
Collateral28.1%
Other15.8%
Credit history8.6%
Insufficient cash (downpayment, closing costs)8.6%
Unverifiable information2.9%
Credit application incomplete2.9%
Employment history1.4%
Mortgage insurance denied0%

Share of 139 denials in New York by first denial reason coded (outlined bar: all lenders in the state).

Counties in New York

CountyApplicationsOriginationsAmountDenial rate
Albany County580474$137m3.0%
Saratoga County423345$116m1.7%
Broome County388335$61m2.6%
Schenectady County378303$75m5.3%
Rensselaer County365291$76m3.3%
Erie County226205$51m3.3%
Orange County192159$59m2.4%
Greene County190153$44m3.8%
Onondaga County171153$32m1.3%
Ulster County158136$50m4.8%
Dutchess County160131$51m5.0%
Oneida County147129$25m3.7%
Columbia County128105$39m2.7%
Washington County137104$22m5.5%
Warren County10582$21m4.5%
Jefferson County10282$19m2.4%
Fulton County9581$17m3.5%
Montgomery County9575$14m1.3%
Schoharie County8364$15m8.6%
Tioga County5848$9.8m2.0%
Sullivan County5642$13m6.5%
Monroe County4942$7.0m6.7%
Niagara County4040$7.2m0.0%
Otsego County4839$6.9m7.0%
Oswego County4137$8.4m0.0%
Westchester County3931$20m5.9%
Herkimer County3630$5.6m3.2%
Delaware County3527$6.9m12.9%
Chenango County2725$4.7m0.0%
Chautauqua County2523$2.8m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Homestead Funding Corp. originate in New York in 2024?

3,966 loans totalling $1.1bn, from 4,784 applications reported for properties in New York.

What is Homestead Funding Corp.'s denial rate in New York?

3.4% of decided applications in New York were denied, against 25.4% for all lenders in the state and 3.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which New York counties does Homestead Funding Corp. lend in most?

By originations: Albany County (474), Saratoga County (345), Broome County (335), Schenectady County (303), Rensselaer County (291).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New York. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.