Applications / Mortgage Analytics / Lenders / New York / Homestead Funding
Albany, NY · Independent non-bank lender · CFPB · 5,674 loans in 2025
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5,674
loans originated, 2025
6,908
applications, 2025
39
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Homestead Funding leads home lending in Binghamton and ranks second in Albany, a New York base it has held since the 1990s while lending in 39 states.
It ranked first of 180 lenders in Binghamton with 12.4% of the market, and second of 265 in Albany with 10.4%, behind SEFCU Services. Both shares slipped, from 13.5% and 11.1%. One possible reason is that its loans grew 7%, less than the 12% at similar lenders, independent non-bank lenders making between half and twice as many loans, while it pushed into Pittsburgh, where its share rose to 0.8%.
Conventional loans were 81.5% of its lending, against 64.7% at similar lenders. Only 0.3% of its loans were higher-priced, a rate well above the average for similar loans, against 2.7% at similar lenders. Its typical rate, 6.49%, was lower than at three-quarters of them.
It denied 2.0% of first-lien home-purchase applications on owner-occupied homes and 2.3% of refinance applications. Similar lenders denied 4.3% and 8.3%. Both rates were lower than at more than four in five similar lenders.
It made 5,674 loans in 2025, up from 4,794 in 2023. Home purchases were 89.0% of its lending, and its typical loan, $275,000, was smaller than at most similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Homestead Funding took 6,908 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 89.0% · Refinance 10.0% · Home improvement 0.7% · Other 0.3%
Conventional 81.5% · FHA 14.2% · VA 3.5% · USDA (RHS or FSA) 0.8% · of 5,674 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 4,005 | 70.6% |
| Pennsylvania | 479 | 8.4% |
| Connecticut | 407 | 7.2% |
| Massachusetts | 154 | 2.7% |
| North Carolina | 95 | 1.7% |
| Florida | 72 | 1.3% |
| Wisconsin | 49 | 0.9% |
| Tennessee | 42 | 0.7% |
| South Carolina | 40 | 0.7% |
| Michigan | 39 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Albany-Schenectady-Troy | 1,541 |
| Pittsburgh | 382 |
| Binghamton | 340 |
| Kiryas Joel-Poughkeepsie-Newburgh | 304 |
| Syracuse | 254 |
| Norwich-New London-Willimantic | 216 |
| Glens Falls | 212 |
| Buffalo-Cheektowaga | 207 |
| Kingston | 154 |
| Utica-Rome | 153 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300T3F9S1MKFKHC53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3881509 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7141770243 | |
| Respondent ID (the HMDA filer code before 2018) | 77776400006 | 1995–2016 |
Established 18 February 1994. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Homestead Funding's data.
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